Member Info for Lindon

An excellent find brasi, good to see this ... going forward this is a massively important issue for the take up of future grid scale energy storage customers. Thankx for sharing.

Owning and running a battery manufacturer isn't the direction FM wants the company to go.

Facilitating Is the name of his game ... no doubt that will also eventually include assembling batteries in SA.

No- one knows who bought the last remaining 10% of CallCubes holding, its not been disclosed, but if it was BM ... I think the market would have been informed and that would have also possibly indicated a change in strategy direction. Imo.

Could China replace Australian iron ore with metal from Africa?

Any restrictions on Australian iron ore sales to China would “send shockwaves through the market”, says analyst Julien Hall of S&P Global Platts.

For Australia, a lot is at stake. Exports of goods and services to China are about 7% of Australia’s gross domestic product, and iron ore is the single-biggest category, at about 40% of the $153bn in goods and services Australia sends to China every year, according to Department of Foreign Affairs and Trade figures.

And Australia’s $14bn-a-year coal trade has already been hit by a Chinese port go-slow that has left more than 60 ships sitting idle off the coast.

But iron ore remains essential to China’s development. The nation consumes about 1bn tonnes of iron ore a year, a little over 60% of which comes from Australia. Brazil is the second-largest source, providing about 20%.

With China’s ambitious Belt and Road project to build infrastructure around the world – and project state power – backing them up, Chinese firms have travelled to Africa in search of more iron ore.......

https://www.msn.com/en-gb/money/other/could-china-replace-australian-iron-ore-with-metal-from-africa/ar-BB1bxsKG

......... After also including nominal valuations for the undeveloped Brits property and Bushveld Energy, the group’s investments at market value, and balance sheet items at 2020 year-end estimates (assuming the Orion financings are completed in-line with expectations), we arrive at a risk-adjusted sum-of-the-parts valuation of 28p per share.

We see potentially significant upside to this valuation as the Vametco and Vanchem expansions are successively de-risked, and as greater clarity emerges on the commercial potential of Bushveld Energy’s initiatives.

http://www.bushveldminerals.com/wp-content/uploads/2020/12/Bushveld-Minerals-–-Innovative-financing-reignites-growth-drive_01122020-3.pdf

Bushveld Minerals* 1 December 2020

We consider the US$65m production financing and convertible loan note offering a watershed moment in Bushveld’s evolution, strengthening its balance sheet and thus de-risking its growth ambitions at a pivotal point in the vanadium market cycle. Vanadium’s long-term fundamentals look strong, yet pricing is currently constrained by the dual effects of COVID-related industrial depression in the West and elevated seaborne iron-ore pricing (the latter indirectly increasing V co-supply in China). We believe both phenomena will be transient, and that now is therefore the time to be building out low-cost primary capacity in anticipation of much firmer pricing ahead. Bushveld owns some of the world’s largest and highest-grade primary vanadium resources, and two of only four primary processing facilities globally. This innovative financing enhances its flexibility to progress a planned expansion of those assets, unlocking value whilst avoiding immediate dilution in what are challenging equity markets for junior miners at present. Moreover, it adds a leading mining-specialist investor well suited to support long-term growth. Completion should thus reignite interest in an equity story that offers substantial – and now greatly de-risked – growth in a highly-compelling commodity class........

@YTSS, their is indeed a very distinct lack of institutional holders, but imo the main reason isn't their ‘blindness’ but rather the fact that most of them are prohibited from investing in AltX listed companies by their own mandates even if an individual fund manager wanted to. Quite simply he’s not allowed too!

The answer is to propose a SH vote to delist from aim and re-list on the main exchange.

The drawback of course is having to comply with a far stricter set of corporate governance and accounting rules that make a main market listing far more expensive for the company to administer than being on aim, plus they lose a tame nomad!

I think there is some confusion here on what constitutes ‘insider trading’ and what constitutes ‘close periods’.

Based on past experiences this is my own understanding of the ‘rules’.
A close period is the period prior to the publication of results ... It is NOT enforceable.
However it is considered good practice to refrain from any public company statements for a one month period prior to the release of full audited or interim results. Close periods have nothing to do with any other impending company activity

On the main market it’s normal for a company to release a preliminary statement at the start of the one month close period so investors are given an actual intended results publication date ... plus a brief expose of what to expect from the results ... they then have an up to date snap shot of its current position before going ‘blind’. They can break that ‘blind’ if there an unexpected event that may be of interest to the market.

Insider trading is an INDIVIDUAL criminal offence. Not a company offence.

Under the disclosure rules the company have to release any news that could be reasonably considered to move the sp by more than 10% ... up OR down! If they have not done that and have not immediately informed the general market as soon as that info is known... they are open to legal proceedings being taken against them for breaching the disclosure rules. That is a separate issue.

However If any company individual is aware of that ‘news’ and takes advantage of the company failing to inform the market of such ‘news’ ... they would be deemed to be guilty of Insider trading ... and also at risk of additional legal action being taken against him/her.

Out of the coal age and into the stor-age.....
Another increasingly interesting application of storage is in microgrids which can efficiently and economically plan for local energy generation and distribution, while increasing reliability. The implementation of local, distributed power generation and storage can be designed to allow portions of the grid and critical facilities to operate independently of the larger national grid when necessary, helping reduce the potential for unforeseen blackouts. The storage systems that are part of these microgrids – whether large or small – can also provide ancillary services to the grid, again strengthening performance and reducing the use of carbon generation.  
Energy storage gives businesses and consumers the power of choice to optimise their energy costs and provides them with flexibility for the future. We are already seeing advanced aggregators working with businesses to educate and inform them on the extra money to be made while supporting the transition to a smarter, environmentally-friendly energy grid.

https://www.esi-africa.com/resources/industry-insights/out-of-the-coal-age-and-into-the-stor-age/

Nov 30, 2020
Scaling mini-grids can support energy access in Africa:
The mini-grids development is gaining prominence in Zambia with several private players including the Beyond the Grid Fund influencing the growth in this southern African country.
This is according to the CEO of the Zambian Rural Electrification Authority (REA), Clement Silavwe. He said this during a digital dialogue hosted by Africa Minigrid Developers Association (AMDA) titled The African mini-grid market: Progress and obstacles.

..... Stephens further noted that World Bank’s projection indicates that Africa needs roughly 140,000 mini-grids on the continent to realise real growth..........

https://www.esi-africa.com/industry-sectors/renewable-energy/scaling-mini-grids-can-support-energy-access-in-africa/

... def can’t plump for litho solutions then!

Sound like a strong competitor .... but also possibly fall down on the minimum 10 yr historical experience clause?

Roscon .... the interview was today. All done.

Matt Gordon | CRUX Investor
@CruxInvestor
Great chat just now with Fortune Mojapelo
@BushveldMin_Ltd

Solid operating team. Story building nicely. Just waiting for #vanadium prices to recover. And vanadium batteries technology, VRFB or other, is on its way. We debate about timing and take up.

Video of interview should be out sometime next week.

willdo, thanx for the well explained network protection implications.

Think Americans use gallons ... American ones ... not imperial!

... is not the deterrent, but it’s being on aim and the fact that the vast majority of main stream fund managers are prohibited from investing in AltX companies.
Being an SA company doesn’t help either but even that is secondary that to the formal aim restrictions that are in place. The best hope is that as soon as they have confirmation of being the winners of a majority of the tender contracts from they announce they are calling a GM to vote on a proposal to delist from aim and re-list on the main exchange.
We would soon see the ii’s piling in if they do that ... Lemur or no Lemur!

Another thought on shipping costs, regardless of whoever brews it, if it’s not home brewed, and regardless of where on the planet the temporary brewer resides, where in the world is the electrolyte going on its travels once it’s been brewed? Will it be directly shipped to wherever the battery assemblers facility is and poured and sealed into the battery there. ... or will that happen on the site the battery is gonna be connected up to? The question has implications for the long term when we are eventually have a home brewing kit of our own too ... we need a local battery assembly facility at East London. Wondering if that’s part of the reason for the extension.

jimbo, “It's still unclear to me at least whether the latest tender documents discussed here recently are in place of or in addition to the original phase 1 tender.”

Ive received the standard notification that my question on exactly that subject has been added to Matt’s list for tomorrow’s interview.
It’ll be interesting to see if it’s asked and answered!

Also notice an entity called AUSTRALIAN GRID SCALE STORAGE PTY LTD seemingly sprung into existence on the same 14/10 date. Coincidence?

IES link with Yadlamalka Energy Pty Ltd came from and where their origins are .... online info suggest they have only been operating in this guise for 1 month and 10 days!

jimbo ... “Moving to the UK main listing would be much more beneficial to shareholders, IMHO”

Exactly, there would be little or no benefit to existing shareholders by having a secondary listing on another main board, and to be clear, it’s NOT a duel secondary listing its JOINT secondary listing that is proposed.. Duel listing is for merged companies that wish to retain separate identities on their respective exchanges, normally for tax efficiency reasons! AND it’s VERY expensively to have to comply with differing accountancy and Regulatory market reporting rules. Administration including associated staffing and accounting costs cost go through the roof.

The company doesn’t need that at this time!

Loads of large companies joint list, on several exchanges, not just two, its of more interest to the institutions dealing activities, there are no sp gains for private investors.

Possibly the company should have managed expectations about dividends, secondary listings and electrolyte plant buildings ... a bit better than they have!

RazorShultz ... the rules are quite clearly state there is a requirement.

For BMN to apply to be listed on the JSE main board it must first apply to be delisted from AIM and re-listed on the London main board. That requires a formal 75% shareholder vote in favour of the proposal

Proposals, votes, listing applications etc. can take several months to complete and is an expensive exercise, also due having to henceforth comply with far stricter regulatory governance regime on the main exchange ... a more expensive ON-GOING exercise.

Only then, after being listed for 18months on the main board would BMN be qualified to apply for a secondary listing on the JSE main board. That will also take several months to propose, apply and be accepted.

The resultant position of being listed on two main markets and having to comply with two separate lots of main exchange regulatory governance regimes and differing accountancy rules will probably mean at least doubling the current financial costs of running the company and the whole exercise from start to finish would probably take around 3 plus years to bring to fruition. Imo, something to be done once they have established rising revenues and earnings as a major player.

The expense involved is why I think the subject should be placed alongside the long term aspirational ambitions to eventually pay dividends.