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great news.

Bushveld Minerals* (BMN LN) 21.3p, Mkt Cap £238m – Conference presentation in South Africa highlights forecast growth of vanadium electrolyte demand

(Bushveld Minerals owns 74% of Vametco, 84% of Bushveld Energy in South Africa, 100% of Lemur Holdings, 9.5% of Afritin)

BUY – Valuation 92p

Bushveld Minerals presented at the RMB / Morgan Stanley Big Five Investor Conference in South Africa yesterday.

The presentation highlighted the future forecast growth for vanadium in vanadium electrolyte in Vanadium Redox Flow Batteries ‘VRFBs’.

Management see a ‘sustained structural deficit’ in ferrovanadium driven by constrained supply, limited new supply prospects and robust demand from the steel sector with significant upside from energy storage, eg VRFBs..

The team reckon vanadium demand should rise by 10-15% once China’s new high-strength rebar standards take full effect.

This demand driver should drive the market into deficit on its own in our view though any pullback in economic growth may offset some increase in demand.

Further Chinese stimulus in the form of new infrastructure projects such as Belt & Road type initiatives should be good for vanadium demand as these types of projects should normally require a greater proportion of high-strength rebar for longer-term longevity.

‘Greater enforcement of rebar standards is expected to drive up specific vanadium consumption rates in China, bringing it closer to the levels of developed economies

China Rebar Standard requirements: Grade 3 (400MPa), Grade 4 (500MPa), and Grade 5 (600MPa), require 0.03% V, 0.06% V, and more than 0.1% V respectively.

Steel production in China was 928mt in 2018 indicating that if China improves its vanadium consumption from 0,048 to 0,077 => 0,03kgV/t that this should lead to additional vanadium demand of 27,840 mtV representing around 30% of total 2018 vanadium supply.

VRFB energy storage: According to Navigant, the two largest market segments in utility energy storage for the next 10 years will require long duration energy storage.

Stationary energy storage demand is growing at a rate of around 58%pa and should exceed 100GWh by 2027

Flow batteries expected to capture around 18% of the market, according to Navigant equating to some 20GWh of demand and nearly US$10bn in revenue by 2027 with similar growth rates to solar as seen over the past 10 years.

Supply: is not as elastic in vanadium as it is in some other metals with three out of the world’s four primary vanadium processing facilities based in South Africa.

Conclusion: Bushveld owns two out of three of these facilities and therefore may potentially control much of the future market for primary vanadium supply. The company is well placed to command and to benefit from ongoing strong demand for vanadium and from higher prices to come from what looks like a developing deficit in the vanadium market.

Mokopone, Mokopone, if only Mokopone.
One day imminent will be yesterdays news.

Self exiled until the day he is needed again.

... the Chinese want to buy this website for £32 billion.

I mean, LSE is a good website, but I don't see why they want to pay so much for it.

Lets hope admin get a bumper pay day. ;)

Of course, the Oracle saw this coming and has already booked the rest of the year to spend with his family.

PS. IT'S GONNA BE A BLUE CHRISTMAS!

Don't hate the player. Hate the game.

The Oracle sees tomorrow's blue like the eye of a giant.

I take zero pleasure in calling a red day. But the Oracle see what he sees.

A man does not walk as a crow flies. The Oracle is seeing red for Tuesday with much Blue coming soon.

It was blue and then it went red. There will be a bit more red before more blue.

Fascinating turn of events today.

And a Blue Monday will make it 5 for 5. A new Oracle record...

To keep things fresh, here is an interesting cover.

https://www.youtube.com/watch?v=MOYXER-ah98

PS. Oracle says, "Read my lips: BLUE MONDAY."

So assuming the pound goes down 20% and stays down. Does that mean SP Angels valuation goes up 20%? In my limited understanding, it would.

So if the pound goes down 20% then in theory, the SP should go up 20%?

Very interesting that BMN is Brexit proof.

In the eventuality of a no deal brexit - assuming the pound goes down. Will that have an immediate boost to BMNs share price as all future payment will be in dollars? And at what point does the money stop being dollars? and how does it eventually translate into the share dividend?

IE. Paid in dollars.
Do this then become rand for operational purposes.
Then is the rand converted to sterling for dividend etc?

I will be in my trailer.

and then
11 52

11 34! our 10.01k seller!