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Halfmadhalftroll, Pdub wasn’t being rude in expressing his opinion that you are ignorant. He was simply stating a fact. Neither is what he has to say “mindless drivel” when what he posts is backed up by facts that most of the LTIs know full well. Calling it “mindless drivel” however IS rude and you should exclude yourself from this BB until you have considered what a silly comment you have just made and apologise to everyone for wasting their time with your constant trolling. Everyone understands the opportunity costs that the long wait has entailed but no LTE with any sense is going to pull out at a time when BMN is showing all the signs of becoming a good investment for them and for new investors alike.
Capa/HMHG we have listed to you banging on for years. Nobody takes any notice of you any more. Most have put you in the green room while the rest of us tune in just for amusement. Cut out the abuse. It ain’t funny.
I was invited to complete a,questionnaire by my energy supplier (Shell Energy) today. One of the questions in the section asking if I was intending adding solar panels etc to my house asked if I had considered battery storage. Answers were collected using tick boxes only so there was no opportunity to advance the VRFB cause but it was interesting to know that people are being asked these questions.
And for those new to BMN, the new electrolyte plant isn’t some pre-existing plant that has been newly refurbished, it is a brand new plant, built to manufacture electrolyte for Vanadium Redox Flow Batteries, a massive new income stream for BMN and something which will provide a natural hedge against the possibility of future falls in the price of Vanadium. This, by the way, is the largest VRFB electrolyte plant in the world outside of China.
BTW, you haven’t perhaps any connection with Faun cycles have you?
https://www.fawnbikes.com/
HMHG, I take no comfort in the fall of any other company. However, since Largo is closely aligned to BMN in terms of its mining operation as well as its aspirations to be vertically integrated in the same way as BMN I would suggest that making comparisons across the world with such a company is highly relevant and to argue against this marks you out as having a bit of an agenda.
A lot of the discussion on this bb is focussed on the share price of BMN. But I would be interested in other people’s views on why the Largo Share Chart so closely resembles our own. It can have nothing to do with the management of BMN, whether targets have been met or failed, what loans are outstanding or even the difficulties to do with South Africa in general or Eskom in particular.
The shape of the two share charts is so similar I would suggest that the rise and fall of the share price has a lot more to do with world affairs, including V demand, pandemics, global economy, wars etc.
Obviously the health of BMN should be of concern to us but I believe that we are good shape to face the future, thanks largely to FM and his considerable team. I feel that a lot of work has been achieved in getting BMN into this position which can be compared and contrasted with the lack of maintenance and investment that has led to the load shedding in South Africa.
Those who base their decision on the historical share chart may well be expected to have no appetite for BWM, but those who understand what the company has been doing throughout the past 4 years, which includes rebuilding and increasing its production during a global pandemic know that we are about to enter the most profitable year since 2018.
That sums up the situation quite nicely. Couple of things missing, Vametco mini-grid coming on-line soon, it’s own VRFB storage shipped and soon to be installed making load shedding less of a concern and reducing energy costs by 11%.
A large Bess has recently been built in the East Riding of Yorkshire just north of Cottingham which serves to take electricity generated by the offshore turbines off the Yorkshire coast.
It definitely there to be seen happening. How much will be vanadium based remains to be seem.