The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Not many.
That's why I'm excited because that number is going to grow. (exponentially once Vanadium batteries start to be deployed.)
2013 - I first bought about 100k shares. Was excited, didn't sell when I doubled my money. Kicked myself when it went back down. (Vametco was a twinkle in Fortune's eye -- but he knew all about the vanadium back then...) Ended up sleepwalking into being a long-term-holder. Didn't worry too much.
2016 - I remember being entirely pi55ed of with BMN and gave up watching.
2017 - Saw glimmers of real magic on the horizon. Was no longer an iron mine. Started to add more shares.
2018 - I remember getting excited about Bushveld Minerals often. Daydreaming of fast cars and Gucci trainers. I remember many times going to bed with phone in hand reading the forum and the next day the price would shoot up. Day after day. I was on to a winner.
2019 - If I hadn't met Fortune several times, I'd have lost hope as the excitement turned to slow frustration. I knew there was real magic, but it was just out of reach. In front of me was a storm that needed to be ridden out.
2020 - The magic I've dreamed of since 2017 has materialised. The company has grown materially and continues to do so. The the excitement IS returning. I'm beginning to dream of fast cars and Gucci (tracksuits now) once again. We're on the cusp of tremendous things. I believe the JSE listing is the key to unlock the real growth story. A South African success story to be shared with South African people as well as the loyal, long term holders who helped build Bushveld to where it is now.
2021 - Who knows ;)
I just got off the phone with a friend of mine who’s been living in China for the last two years. He left there a few weeks ago after being told by somebody in the know that China was downplaying the risk.
In short, this is a country where appearance is everything (he used the fake plastic eggs as an example). The government does not want to appear weak so is doing everything it can to downplay the virus and the damage. So he estimates is that we add a zero to the number of infected and killed. So 8,000 dead and 200,000 infected. But there is no evidence for this. Only his opinion as a “man on the ground”
He also says that there are reports of many people being “cured” only to suddenly drop dead 3 or 4 days later.
They estimate mortality rate is 2.1%.
He said everywhere is locked down. The police are beating anybody who walks the streets.
People are being made to stay indoor and there are visits every day to check temperatures of all inhabitants.
Beijing is completely locked down and is a totally priority to avoid infection.
Crucially, all social venues and nightclubs etc are completely shut until May as a minimum. So that is at least 4 months of massively reduced economic activity.
There was much more he wanted to tell me but could not over the phone. It is evident that the human and economic cost of this will be significant, long lasting, and will have a global effect on trade and industry.
That pretty funny Johnny boy. TGIF, eh?
But seriously, there are no first hand accounts of anything that occurred today.
Didn't anybody on this forum attend todays fireworks?
STAY ON TARGET.
As a great warrior once wrote, “if you wait by the river long enough, the bodies of your enemies will float by."
As Alfacomp would testify, when we went out to SA last year we spoke to a lot of analysts and finance people. Back then, they really didn't understand the BE side -- In their defence, I'd argue that as mining folk, they're used to things in clear black and white. A disruptive game changing tech with unlimited potential is hard for them (in their professional capacity) to fathom, yet alone valuate.
Not that individual companies out in SA are now able to invest in their own mini-grids means that the shackles are off for BE. The proof will be in the pudding. VRFBs are going to work, save money and provide 24 hours a day of uninterrupted power.
The future's bright. The future's Bushveld.
I on the other hand play make-believe for a living all the time, so it's easy for me to picture
Best of British!
(They were cigarette packet calculations.)
Ah oh -- that means the increase in profit is 6%.
Also, my cigarette calculations show that with costs of getting it out of the ground of $18.9 and a rough retail price of $29 pKG, an increase in pricing of 2.86% = and increase in profit of 8.21%.
And in the coming weeks, if the V Price goes from $30 to $40, that will be a 33% increase in pricing, but a 100% increase in profit.
The SP simply HAS to catch up.
When I last spoke to FM he said that $45 per kgV was their magic number.
MassiveRay - you tease!
PS. i hope you had some chakalaka and pap!
Forgive me if I'm being thick here. Why is it written so often that a high vanadium price would be so harmful to the uptake of VRFBs? BMN is looking at cornering the market, so for VRFB energy storage if they become the main supplier then:
1 - Surely BMN the mining company can sell the vanadium at whatever price it wants to other battery firms. Offering a fixed term price for five years for example. (to justify a lower than market rate if there is another spike) Selling the unprocessed vanadium or electrolyte or whatever. So the battery costs remains stable.
2. If BMN buys up all of these battery firms (which it's doing), why can't it sell it at cost from from division to another? So the battery costs remain stable.
3. The leasing model renders the base cost irrelevant anyway. So the battery costs remains stable.
I'm neither scientist nor commodities broker, so perhaps I'm missing something obvious.
Ninjamagic
I can't register to see that site -- can you give us the gist please!
After 5:30pm today, the furry friends will come out, desperately looking for negativity in today's RNS. Think hard about what might be motivating them.
LOL @ “Vanadium is on fire again" --- in a good way, not the li-ion type of way. But music to my ears. Long and strong for 2020.
Title should read:
Bushveld Minerals* (BMN LN) - Valuation 82p – Significant operational improvements in Q4 help Bushveld to positive year end result
Valuation: we are not changing our valuation on today’s results. While the figures are better than expected and ferro-vanadium prices have risen in recent weeks we are conscious of potential impact from an extended seasonal shutdown in China due to the Coronavirus. While the Coronavirus is not seen as a major threat to the world according to the World Health Organisation it may disrupt steel production and construction in China.
We do not include any additional value for Bushveld’s involvement in Enerox and Avalon/redT though we can see the ‘VIP’ VRFB Investment Platform adding to our valuation of the group in future years.
We maintain our valuation of 82p for Bushveld. We see Vanchem as offering good flexibility in terms of production and product diversification. We have adjusted our assumed rand/USD exchange rate to reflect some further slippage to SAR18/USD from 2022. We maintain our valuation on Bushveld Energy at 8.4p/s.
https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Thursday_30.01.20.pdf