Member Info for Lindon

Bit of both. More likely that KS had already made the decision to head for the exit door when the news broke and that panicked him into a more instant knee jerk reaction to get rid of his freely available holdings quickly as he could.

Now - with evidence of lots of round numbers, it’s probably him that’s getting rid of the rest of his stash with associates flying on his coat tails.

It’ll work itself out.

Thanks @ PMC2022 … good to see informative and mature comments from an experienced investor.

@ AlexS12 … imo, rather than playing games with BMN or trying to be clever with manipulating the market - its more likely that the cash hold up is due to procedural/clarification issues between SPR and their capital backers … whoever they are … and wherever they are based!

@Cincinnatus. Yes agreed, other than that press release there seems to be no other info on SPR in the public domain. It is even possible that there is another entity behind them that wish to remain well hidden. It could even be a well covered up Chinese State enterprise for all we know!

It wouldn’t surprise me if it was.

Confucias says Chinese folk move in very dark and mysterious ways … and there is one thing we DO know - China are going to need zillions of tonnes of V in the very near future even if the ROW don’!

One other thing.for sure … CC is no fool, he’s been around the block with all the big hitters, he knows the industry inside out, and will have done all the DD necessary before going into this with them. He also has the full backing of Orange Trust … those guys are no fools either. They will all know, all there is to know … about SPR.

I think we’ll see the colour of the dosh soon enough.

Kamran issues are just a side story.

The. 1st TR1 was the formal notification of a percentage change in Kamran’s holdings due to prior dilution effects.

@cincinnatusatus.

“

what exactly do we know about southern point resources or, to be more precise, the “spr gp1” fund?”

Only this blurb which was published at the time of the sale:

Southern Point Resources is a South African born focussed investment fund founded by South African mining entrepreneurs and mining finance specialists with extensive sector credentials. SPR leverages financial and operational synergies with associated group companies which generate in excess of US$500 million of revenue and US$175 million of EBITDA on a combined basis. Its principals combine a strong technical and operational skills base with an extensive deal-making and financing track record, operating a group of companies across large scale mining, beneficiation, contract mining, engineering and logistics. The most notable associated asset is South Africa's 6th largest thermal coal mining and trading company which owns and operates seven coal mines producing, trading, and selling over 10 million tons of coal per annum. Additionally, SPR has executed in excess of US$600 million of mining and mining finance transactions between our principals. This associated asset and skills base combined with extensive financial and execution capacity makes SPR well placed to execute selected transactions in the Sub-Saharan Africa resources sector.

Given South Africa's strategic endowment of steelmaking inputs and alloying materials reserves, SPR's principals' drive to diversify from carbon materials into green metals, and the groundswell transition in energy value chains and technologies, SPR is focussed on highly value accretive equity and financing transactions in the steelmaking inputs and future, and transition metals sub-sectors.

More than 70% of the world's known Vanadium resources are located in South Africa, vanadium is a critical steelmaking input and also a very promising emergent battery metal.

Bushveld owns two of the world's four operating primary vanadium assets, a globally significant resource base, making the transaction highly strategic for SPR and very much in line with our fund's investment approach.

SPR represents a well-capitalised Sub-Saharan Africa centric mining investment fund with in-depth local mining expertise, experience, and capability. SPR adds value beyond pure financial investment by actively managing its underlying investments.

“Was the Armageddon deadline really necessary?”

Absolutely! It’s a public message to SPR.

It tells SPR in no uncertain terms that the sums they have so far invested are at grave risk of disappearing if they don’t pull out all stops to meet the rest of their contractual commitments-

It tells them he ain’t messing about!

investment fund spr gp1 (southern point resources) has signed a binding term sheet to invest $69.5m-$77.5m in bushveld minerals, a south africa-based integrated primary vanadium producer.

according to the terms sheet, an interim working capital facility of $8.1m will be provided to fund the ongoing expansion of production at the vanchem vanadium processing facility in south africa.

through the investment, southern point resources will gain a stake of 50% in bushveld minerals’ subsidiary, which owns the vanchem vanadium plant.

southern point resources will also acquire the vanadium producer’s 64% equity interest in a subsidiary that owns the mokopane vanadium project located in the mokopane district of limpopo province in south africa. both acquisitions will cost approximately $25m for southern point resources.

bushveld minerals ceo craig coltman said: “introducing a partner at vanchem provides a pathway for the group to increase production beyond the base case and would be value accretive, with synergies arising from vanchem being able to access a steady supply **** with high vanadium content from the highveld facility.”

southern point resources will also make a new equity investment of $12.5m in bushveld minerals. the latter said that the number of shares to be subscribed will not exceed 29.9% of its ordinary shares of 1p each in issue.

besides, the commitment will include a new marketing and sales arrangement under which southern point resources will carry out all marketing and sales of products for bushveld minerals.

the former will provide a medium-term trade finance working capital facility of nearly $25m-30m to the vanadium producer.

furthermore, southern point resources plans to make a future investment of $7m-10m in vanchem towards the recommissioning of kiln-1 to increase output. this will be contingent upon feasibility studies.

southern point resources stated: “southern point is proud to announce this series of collaborative transactions which will enable bushveld to restructure their current balance sheet and allow all stakeholders to unlock significant benefit from a unique set of underlying assets which have much potential.”

@ Moneyman64,

“Fear that the funder have decided to force BMN into liquidation and then they could probably buy up the whole company for peanuts”

The funding is contractual, so doubt that - the fine imposed for breach of contract and the resultant compensation imposed on them, would probably be far in excess of the sum owed, that idea would be very unlikly, imo.

Bushveld Minerals : December Corporate presentation.

CORPORATE UPDATE December 18, 2023

https://www.marketscreener.com/quote/stock/BUSHVELD-MINERALS-LIMITED-10259123/news/Bushveld-Minerals-December-Corporate-presentation-45590561/

@ coffeecups … Bullsh|t!

VRFB manufactures will only invite tenders from their preferred electrolyte suppliers and “take it now” - IF, they have won a tender due to having received a BESS contract themselves which they have to fulfill.

All the signs are - they ain’t got any orders!

One thing for sure - they ain’t gonna buy cheap electrolyte from BMN and stockpile it in the hopes that they’ll eventually be able to win a contract so they can flog it anytime soon!

@ bandyace… CC said that if no orders appear for electrolyte by the end of the next 1Q then the company's interest in the plant will be up for disposal - he’s not prepared to keep funding a loss making operation.

Its long been known that the electrolyte plant was going to need funding for the next couple of years to enable it to ramp up to its 800mwh capacity.

That means some pretty large orders will need to come in pretty quickly if it’s to prove there is a market for it’s continued existence and at least start to show it can break even for a couple of years.

It’s also just under 50% owned by the IDC who, no doubt, will be looking to see some kind of a return on their loan/investment - that might also have a material financial impact on any disposal proposals!

We’ll find out during the next 1Q If CC thinks it’s worth allocating capex to keep it going in the hope that the SA market for VRFB’s will eventually make it a profitable operation.

It currently doesn’t look like it’s something that’s likely to come galloping over the horizon to rescue the bottom line for at least the next couple of years.

@pb940 … being included on list of preferred suppliers is a start - but only gets them as far as being invited to tender for orders.

To then proceed to winning any specific tender and receiving an order is whole different ball game

BMN completely halted importing V to China over 2 years ago after it imposed 13.5% import duty.

Prior to that the amount only equaled around a minuscule 2- 3% of sales anyway, so no great loss.

Paul84Lithium. (“ have been trading metals / ores for 20 years”)

Member Since. 7th Nov 2023.

Of course! It’s S.A.

It’s utterly corrupt from top to bottom. and it's Eskom which is also utterly corrupt from top to bottom!

And It’s not a VRFB anyway.

Better than reading the resident narcissist’s latest ’opinions’ - the trolls and the rest of their ‘click bait’ oxygen feeders tho!

• Eskom will offically commissioned the Hex Battery Energy Storage System (BESS) at Worcester in the Western Cape on 27th October 2023 which has 20MW output and 100MWh capacity.

• The project is the first to be completed under Eskom's flagship BESS project announced in July 2022 to help to alleviate the pressure on the national electricity grid. Read more

• The Hex site can store energy which is enough to supply a town such as Howick for 5 hours.

Eskom has installed the BESS to provide ancillary support in terms of enhanced frequency control of the network, reactive power support and improved quality of supply performance near existing Distributed Generation Renewable Energy plants. The Battery Storage technology may enable the immediate levels of constraint to be addressed and provide continued access to potential customers to these networks.

The battery storage technology will also improve the quality of supply and mitigate voltage related concerns on the networks. It can also enable some significant strengthening investments to be deferred, whilst providing a reliable and effective interim solution to the problems faced on the Distribution Networks.

Electricity generation from renewable sources is limited by the intermittency and variability of wind and solar resources, i.e. when wind blows and sun shines. Energy storage allows for the storing of electricity for later use even when the renewable resource is unavailable. The process involves the conversion of electrical energy into another form of energy such as chemical or kinetic energy, store it temporarily and then converted back to electrical energy, therefore giving the utility considerable flexibility and control.

@ HarChris…. you should stop making predictions based on your wrongly worked out assumptions, presumptions and guesswork. I thought you’d have learnt by now that you have been constantly wrong because you constantly forget vital parts of the calculations.

Despite his recent ‘change of heart’ about calling a GM - he does have previous for doing the same and … then having another ‘change of heart’

In November 2021 he claimed he wouldn’t call a GM for LIFE s/h’s - in March 2022 he called one.

And the same with RBD including what he’s tried here … starting up a website to bulk up his requisition proposal.

As a 5% s// he can now call a GM here if chooses to do so and therefore his intentions should not be trusted. He is a known disruptor.

He is also best buddies with Tom Winfrith! .

He will have been given no insider information by CC and have gleaned no more knowledge than was issued on recent investor call. Imo … due to his previous ‘form’ - his intentions should be seen as distinctly unwelcome!

Narcissistic personality disorder is a mental health condition in which people have an unreasonably high sense of their own importance?

Demonstration of arrogant and haughty behaviors or attitudes. Arrogance and conceit are traits that are often noticed first in narcissists. This is evidenced by disrespect for the positions or rights of others and the narcissist’s willingness to demand and expect that others will bend to their will.

Pretending to be superior to others

Lack of empathy for others

Looking down on others as inferior

Monopolising conversations

Easily disappointed when expected importance is not given.

If it talks like a duck, quacks like a duck … it’s a duck.

I think the biggest confusion these differing benchmarks cause is in the notification timescale requirements. Anyone required to use the 5% mark doesn’t have to declare a transaction between 3 - 5%. That leads to misunderstanding and accusations of non- compliance if and when it ever does gets published. .