Member Info for Nickderby

For anyone getting impatient, imo it’s better to stay patient and concentrate on the fundamentals.

Production capacity is increasing.
The FeV price will soon be moving up again due to the structural deficit.
The structural deficit will be around for a minimum of 3-4 years.

The new Chinese rebar standards introduced in November will increase this supply deficit even further.

We are already making incredible profits.
Cash flows are excellent.
Dividends are being discussed this quarter.

Then we have huge future growth to look forward to with further production increases from Vametco, Brits, Mokopane and brownfield acquisition.

Also, electrolyte production, VRFBS, Eskom contract, BE contracts/strategic partnerships, Lemur and Afritin production.

Shareholders can only lose out by selling too early.

Keep things simple, concentrate on the fundamentals and remain patient.

£2 coins for 41p, the sale will soon be over.
Coiled spring, again!

But of course DYOR :)

Max buy at 41.5p is just 60,000 shares.
The MMs are short of shares, we're on our way up! :)

While it’s quiet let’s have a reminder of what we can look forward to over the next few weeks/months.... Q4 Vametco results late this month/early Feb, will be incredibly good due to the increasing production and record high vanadium prices. Q4 updates for Bushveld Energy and Lemur showing further progress made in the quarter. 2018 Annual Report, due June 2019 showing fantastic progress being made throughout the business and showing excellent profitability for the year. Other news in no particular order... Vanadium price starting to increase again due to the large structural supply deficit. Phase 3 increase in production capacity to over 5,000 tonnes pa carried out earlier than planned to make the most of the ‘perfect storm’ in the vanadium market! Mokopane mining licence. Mokopane news of early revenue generation. Brits vanadium drilling news, very high grades expected, thereby reducing Vametco production costs even further. Brits vanadium JORC. Vametco drilling results. Details of the PV project BE are currently working on. Bushveld Energy contracts. Eskom VRFB news. Eskom contract? Electrolyte production progress. UET final partnership details. Leasing partner news. Brownfield acquisition to increase our production capacity further. Imaloto coal BFS. Imaloto coal platform sale/spin off news. Afritin first production commencing. Dividend policy information - Q1. Johannesburg listing. Etc! An incredible period of news coming up.... DYOR of course :)

Rob, seems like it.
There's still not many shares around. Max buy at 40.5p is 75,000 shares.

Now NT to buy at 39.5p.
We must be moving back up! :)

Max buy is just 30,000 shares.
Come on...

Well that’s another 200k for me this morning. Buying before the next raft of news takes us to much higher levels! Going out now, might be back for some more later. Perfect storm.... :)

Currently...

Buys 607k
Sells 328k

Pb940, surely no-one is expecting 3750/4, 937.50 mtv for the quarter?
I think anything over 700mtv for the qtr would be excellent news, especially with the record FeV levels.

Cash elephant!

Rob, I think increased production is a certainty.
We only achieved 537mtv in Q3 due to the strike.

Let's introduce the cash elephant to the market! :)

There aren't many shares around even at the higher offer of 39.5p.
Max buy 80,000 shares.

Gambit, agreed.
Q4 will be a record quarter for BMN. Record profits generated by multi year high FeV prices and increased production.

I'm looking forward to seeing them.

Max buy was 60,000 at 39p, so I've had another 50,000 of those!

Another 50,000 shares for me at 39p.
I may be tempted for more later.

Bargain! :)

Any one of those 5 items is transformational! :)

Alfa, these 5 for me....

Dividend Policy
Mokopane Licence
Vametco Upgrade to 5000 mtv
Brownfield plant acquisition to expand production to 10,000 mtv
New contracts to supply Eskom and other African projects with VRFB

£2 coins for 39p.
I'm getting very tempted for another top up!

Just looking at the fundamentals and the news due...

High vanadium demand.
Insufficient vanadium supply.
World vanadium structural supply deficit.
No new vanadium supply coming on line for 2-3 years minimum.
FeV price is already at incredibly profitable levels for Vametco.
New Chinese rebar rules in November 2018 will generate even greater vanadium demand and push prices up further.
Minimal capex is required to increase production to 5,000 tonnes pa.
We have the world class Mokopane Vanadium resource.
The Mokopane mining licence news is expected soon!
Brits vanadium - JORC is on it’s way.
Vametco drilling updates coming, increasing our resources further.
Potential brownfield acquisition taking our maximum production capacity to 10,000 tonnes pa.
Bushveld Energy contracts.
Details of the PV project BE are currently working on.
Eskom VRFB news.
Electrolyte production.
UET final partnership details.
Leasing partner news.
Imaloto coal, BFS due.
Dividend policy is being discussed this quarter.
JSE listing coming up.
Investment in Afritin Mining - first production on its way.
Other company resources, iron ore, titanium, phosphate.

All the fundamentals point to a significantly higher share price than current levels.

We have an incredibly exciting 2019 coming up :)

DYOR

YTSS, hahaha. It wasn’t me but I did have my finger around the buy button at that time and it was definitely 40p to buy. So tempted!

That’s a nice 346,000 delayed buy just popped up :)