Member Info for Paludina

@Dav3J: Oil majors have plowed millions of dollars into Hydrogen power cells, one of the most advanced research centres is in Iceland I believe.

27.975 on the bid with hfx

27.775 now on the bid, first sell at 0929

Welcome Alltorque as to producing something tangible; close to 100,000Kg of Nitrovan delivered to Baltimore USA on the 5th of August. Three more possible deliveries this month.

If we see the remaining warrants exercised Tue,Wed,Thurs then Q2 Friday it will be an interesting end of week.

@jogj99: I am not sure of the 13.84p price but from TBP the number remaining is as quoted today in the RNS

@Headancer: The early morning action is very predictable and today, in order to maintain an orderly market they allow smaller PI buys to push above 28p whilst withholding the 200,00 share sale at 0817.

@PennyPusher: Congratulations on the great report which is so in keeping with the high standards maintained at https://thebushveldperspective.com/

Growth Stategy

•
Bushveld Minerals now owns 100% of Bushveld Vametco Limited
•
Control one of the largest primary vanadium resources in the
world
•
Existing global vanadium market share of approximately 3.5%,
expected to grow to over 5% with the completion of the three phase expansion project by 2019
•
Near term brownfield growth will raise capacity at Vametco to over 5,000 mtV per annum by 2019
•
Continue focus on enhancing value through targeting brownfield opportunities
•
Portfolio diversification through the supply of electrolyte for VRFBs for the energy storage sector
•
Bushveld Energy established to promote use of vanadium in energy storage by

Exclusively focusing on VRFB technology (potential US$70bn addressable market for VRFBs)

Marketing and developing utility scale projects using VRFB based energy solutions across Africa

Partnering with UniEnergy Technologies (UET), a US based leading VRFB manufacturer

Signing Eskom agreement for the installation of a VRFB with a peak power of 120kW and peak energy of 450 kWh

Working with the IDC to establish vanadium electrolyte production in South Africa

Bushveld is growing to be one of the largest primary vanadium producing companies

Located in South Africa’s Bushveld Complex, host to some of
the world’s largest high grade primary vanadium resources
•
Bushveld Minerals resource base: open cast, high grade
primary vanadium deposit portfolio, 439.5Mt combined
resource (including 55 Mt combined reserves)
•
Controlling interest of 59.1% in an existing low cost
production platform, Vametco Alloys, with ~3.5% of global
market share
•
Quality brownfield processing infrastructure in close
proximity to Bushveld deposits Indepth geology, mining and metallurgical expertise with global experience in the vanadium industry
•
Sound mining and processing infrastructure
•
A solid mining jurisdiction, where mining is understood to be
a significant driver of GDP
•
Access to a growing and potentially large downstream energy
storage market opportunity

Vametco Vanadium Mine
•
26 Mt reserve average in magnetite grade of 1.96% V2O5
(JORC)
•
142.4 Mt Resource with average in magnetite grades of 1.96% V2O5
•
Operating with a RoM of ~1.3 mtpa

Brits Vanadium Project
•
Outcropping, strike extension of the Vametco mine
•
Historical drilling showed in magnetite grades of as much as 2.6% V2O5

Mokopane Vanadium Project
•
298 Mt JORC, outcropping reserve & resource
•
Vanadium in magnetite grades of 1.75% V2O5
•
PFS completed January 2016

Thank you spbhoy, and so good to see that Bushveld delivered the storage system in Q2.

"In the second quarter, the first ever vanadium redox flow battery was delivered to South Africa. As the integrator for the project, Bushveld Energy and its team have been able to expand its expertise on project delivery and implementation. This has significantly assisted to build our capability to develop and deliver energy storage projects across the African continent.
This project has shown that utility scale batteries can be delivered in only months.

For these comments
"Notwithstanding Bushveld Minerals' focus on its flagship vanadium platform, the Company is committed to deliver on the value of the Imaloto Power Project by completing the milestones that were set out for this year in order to supply affordable, high quality baseload energy in southwest Madagascar. The granting of the Concession Agreement during the quarter is a critical milestone for the project, aligning its development with the national government's broader plans.
"We are also pleased that the draft of the bankable feasibility study was submitted by our technical partner, Sinohydro and is currently under review. Once finalised, the study will provide a more precise picture of the project's cost and timeline for our ongoing discussion with lenders."

"In the second quarter, the first ever vanadium redox flow battery was delivered to South Africa. As the integrator for the project, Bushveld Energy and its team have been able to expand its expertise on project delivery and implementation. This has significantly assisted to build our capability to develop and deliver energy storage projects across the African continent.
This project has shown that utility scale batteries can be delivered in only months. Simultaneously, we are advancing the component manufacturing aspect of our business, where we are building flexibility for quick expansion. This strategy allows us to keep initial risk lower with an ability to capitalise should growth in energy storage materialise even faster than expected. With these efforts, Bushveld Energy is positioning itself in Africa with a unique combination of technical skills and component supply to deliver energy storage solutions."

for this post

Quarterly report showing production increasing and higher vanadium prices, reduced costs - due any day.
Half yearly report - profitability significantly improving as the vanadium supply shortage keeps growing - due by the end of September.
The acquisition of the Sojitz minority holding in Vametco increasing our share to 70%/74%.
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.
Bushveld Energy business model cash flow capabilities and valuation details!
Bushveld Energy contracts.
Eskom VRFB news.
Electrolyte production news.
FeV prices rising and production increasing further.
Brownfield acquisition (Vanchem?) to increase our production capacity further.
Imaloto coal BFS.
Imaloto coal platform sale/spin off.
Dividend policy information H2.
Johannesburg listing.
Etc!

For this post
What I find amazing is that clearly the steady rise here is ignited by the number of daily trades increasing day by day as people wake up to this company. As a holder since March 2017,I have seen the massive progress and drive that has lifted the price from below 3p, to when I bought my first tranche at 5p to today where I hold a very nice number of shares and will continue to add to well beyond the £1 level.
This company can be seen as a new tech stock based on Bushveld Energy which will be supplying Electrolyte for VRFB for large grid and off grid energy storage for the developed and undeveloped world. A mining and metal additive supplier supplying the one off the most important minerals to strengthen steel (Vanadium of course) in a time when the global supply is constrained due to the lack of mines with high grades of the mineral. We are one of three in the world!
This as at a time when the price is over $80000 per tonne and we are selling 3700 tonnes per year with a operating cost of around $18800 per tonne according to the last operational RNS. Based on 59% of the profit that is a considerable number. Actually that would be $133.59 million per year. Next year this will increase to 5000 tonnes per year with expansion plans to 10000 tonnes per year.
Then we have a coal mine in Madagascar with a joint venture power station which will be operational in 2021. This may be floated off giving all investors here shares in a new company. This is not the first time this has happened. Our Tin assets was floated off last December. All holders had free shares in Afritin ATM.L
We have two additional Vanadium assets which have huge reserves. Brits which is next door to Vametco our Vanadium mine and processing plant and Mokopane which once a mining licence is granted will give us one of the largest high grade Vanadium assets in the world.
So at just under 27 pence per share this is so undervalued it is unbelievable. It will be rising well beyond a £1 and is likely over 3 to 4 years to reach numbers multiples above that level.
If you have just found this company welcome and this will be an investment of a life time even from this level.
Check out the Bushveld Perspective website and research away. It is all there!
This is a great board with a group of highly knowledgeable investors. We work as a team and we help each other. This is the key. Finally check out our CEO Mr Fortune Mojepelo see his interviews on YouTube, a genuine guy who is ambitious but grounded. If you have just discovered Bushveld Minerals. You have found a gem of an Investment. There is a lot of news due soon so you better get on board to maximise your opportunity.
Welcome.
Good night all. Cheers!

for this post.
To potential new investors who may be wondering why LTHs like myself are so confident about the future of the company and the sp.

26% interest in Vametco Vanadium producing plant acquired April 2017.
No controlling interest thus BMN could not show Vametco profits in 2017 accounts.
December 2017 BMN acquire YD shares in Vametco, raising stake to a controlling 59%.
Vametco profits will show in BMN 2018 accounts.
Vametco on target to produce 3680 mtV in 2018
Vanadium price in H1 average about $60,000 mtV ($60 kgV)
Vanadium price in H2 so far around $80,000 mtv ($80 kgV)
Vametco production cost 2017 $16,600 mtV ($16.6 kgV)
Vametco key product Nitrovan believed to attract 5% premium on Vanadium price.
CEO stated Vametco capable of generating Ebitda of $150 million in 2018 at average Vanadium price of $60 kgV. In my opinion could be greater if Vanadium price remains at the $80 kgV level.

The stunning rise in Vanadium price since BMN first acquired an interest in Vametco has prompted the description of Vametco as a cash cow (upgraded by some on this bb to cash elephant!)

A 3rd phase of production expansion at Vametco expects to achieve a rate of 5,000 or more mtV by 2019. It is possible that BMN is negotiating to acquire a further 15% of Vametco but this has yet to be confirmed.

BMN has a number of other potential very lucrative projects but this is the one that is currently generating large revenue, and from the figures above it can be assumed also large profits. Remember this does not show in 2017 accounts but will be recorded in the 2018 accounts for BMN. Seems to me to be a great time to invest.

Worth thinking about where you may think the sp is heading. My own target is 75p to £1.50.

Other than facts issued by the company the rest is purely my personal opinion and not to be regarded as investment advice. As always DYOR.

Regards. Pdub.

To seeing the increased production figures, coupled with the high V prices and the exchange rate improvements posted earlier I am convinced that we are going to be so surprised.

08:48 new member posts
08:50 4509 sell
08:51 50000 sell
08:52 50000 sell

24.94 was issued 27th April according to Mam

@ludeck: My posting prompted an offline conversation which perfectly reflects your last.

@ Pdub: I have had conversations with people in another, unrelated form of production who have confirmed to me that their industry would do exactly that. It is one of the many points that make this Company so exciting.