Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Now that Fortune has gone, personally i think that Bushveld should sell their entire stake in Enerox to Garnet, forget Bushveld Energy ever existed, and concentrate on being the lowest-cost Vanadium Producer in the world.
We will still own the Largest Electrolyte Plant outside of China and keep the Vertical Integration.
Garnet can spend what they need to on Enerox to make it one of the largest VRFB companies in the world.
The main reason Fortune and Mikhail invested in Invinity and Enerox was to create a larger demand profile for Vanadium, outside the normal steel industry.
So bank the money, let Garnet support and own Enerox, and Bushveld will be in a much stronger position all round.
My opinion only . Please do your own research
From the report in April 2023:
In the US which is our largest market, they predict demand growth of 1.3% in 2023, and 2.4% in 2024.
In our 2nd largest market Europe, they expect demand to slow by 0.4% in 2023, but rebound by 5.6% in 2024.
Bit different to what the Trolls are saying.
SnakesandBadgers- the share price is terrible, I think we can all agree on that.
But the fundamentals of the business are growing day by day. As long as that is happening, then I will continue to be invested.
My opinion only. Please do your own research.
Looks like Bushveld are still doing what they do best! This month is looking pretty good so far.
All sold to the higher priced US market.
Check out the Importkey website and enter Bushveld.
Definitely not investment advice. I certainly do not listen to others.
Lindon- Cellcube have announced 5 new orders during the last 12 months:
‘In the preceding 12 months Enerox has announced 5 new orders for 34 MWh, which includes a 16 MWh battery to an Australian based renewable project developer - Enerox's largest battery order to date’
Good stuff!
‘A spokesperson for Bushveld Energy, the downstream energy storage arm of Bushveld Minerals, provided a written response to Energy-Storage.news:
“This is incorrect. There are numerous flow battery technologies and companies – over 20 firms that produce vanadium-based flow batteries alone. Flow batteries range anywhere from 50-80% RTE at the grid connection,” they said.
“CellCube, a (vanadium refox flow battery company or VFRB) company in which we are a shareholder would be able to deliver flow batteries with an RTE over 70% for this tender. While some flow battery technologies and companies may not be able to meet this threshold, others can.”
https://www.energy-storage.news/flow-battery-sector-responds-we-can-meet-specs-for-513mw-south-africa-tender/
Coffeecups- there are two reasons why I think the non-invested post here.
The main one is that they are trying to drive the price down either because they want to buy in lower or they are shorting the stock.
The other reason is that there are some very worryingly unpleasant people in the world, who take enjoyment from kicking people when they are down.
I would presume that you are in category one, considering you have said that you have already sold your shares.
I completely agree that it is now up to Bushveld’s Management to provide enough positive news for us to post about. I can never get my head around why they continue to not do so. Maybe they should start taking notice of Anthony Viljoen’s level of commitment to keeping his shareholders up to date.
HarChris and Pdub- Many thanks for all your posts on this board, especially when the non-invested start trying to drive the sp down.
Considering how bad the ADVFN board is, and how bad this board gets sometimes with trolls and people who are obviously not invested in the company, I am surprised that actual investors still continue to post on the Telegram group.
AIM is obviously very sentiment driven, and as the sentiment for Bushveld is at an all time low, I don’t quite understand why investors choose to post factual information on Telegram, where new potential investors can’t access.
It’s like trying to sell your house, but only marketing it to people that are on a closed chat room and already own their own property. How would that help you sell your property?
As Bushveld’s sentiment is at an all time low, and this is the only really decent board to gain factual information, it might be worth more people posting here rather than Telegram.
Just my opinion.
Could we see $50-55 per Kg V in the US this year?
Great, informative article showing some of the huge infrastructure projects that are starting in the US:
‘The U.S. construction sector has started 2023 on the right foot, sustained by the sudden acceleration of the non-residential segment and particularly by large infrastructure projects. According to many analysts, 2023 should bring sizable increases in investments and the development of long term projects that state administrations had been considering for some time.’
‘A Dodge Construction report shows a 27% increase in new starts in December 2022, the first rise since 2017. Much of this leap was due to the start of construction of large projects such as the Golden Triangle Ethylene Cracker plant, worth $8.5 billion in Orange, Texas; AltAir/World Energy’s new $2 billion renewable energy facility in Paramount, California; the Champlain Hudson Power Express power line in New York, a $2.2 billion project; a New Fortress Energy Louisiana LNG terminal in Grand Isle, worth $1.2 billion; and the $535 million solar power plant by Black Diamond in Illinois.’
https://www.webuildvalue.com/en/infrastructure/large-infastructure-projects-us-2023.html
On the basis of where we have sold our Inventory in the past, we could be looking at around 55% of our Sales at the $43-44 per Kg/V level, or higher at the moment.
We have been told that the Group Production costs will be circa $26.5 per Kg/V this year and that we will be producing around 4,350 MTV. That is some margin.
I think it is also worth noting that Fortune has stated that Vanchem mainly sells ‘higher priced, higher margin’ products, I believe to the Aerospace and Chemical Markets.
So I don’t think that we can take the average FeV price as our average selling price anymore. Albeit we do need to see this in black and white.
All my opinion only. Please DYOR
Also do we think it is safe to presume that the Vanadium prices for the rest of Asia will be similar to those in China?
From the H1 2022 RNS we sold 9% to Asia.
I don’t believe (may be wrong) that there are high tariffs in other regions in Asia.
Hi Cindercone- you are incorrect stating that the Vanadium price in Europe has ‘barely moved in the last 3 months’. Vanadium prices have risen from circa $30.9 per Kg/V in November to $37.75 now. Also Vanadium Pentoxide has also moved considerably higher.
Not sure why you would lie like that.
I strongly believe, (aside from another worldwide disaster happening of course) that we are witnessing the start of what will be a lengthy period of elevated vanadium prices.
My reasoning:
1: The US, India (and it looks like China will follow), have announced MASSIVE Infrastructure stimulus packages to the tune of Hundreds of Billions of Dollars. These are happening right now. These Infrastructure projects will require a LOT of Vanadium for the foreseeable future.
2. VRFBs are happening now (finally!). It is not a case of ‘if and when’ anymore.
I would highly recommend everyone to read Invinity Energy Systems last few RNS’s, to see the increase in announcements of new orders (30 MWh in Q4 2022 alone). More importantly though, look at the scale of some of the relationships they are developing. The Siemens Gamesa relationship in particular in which they are looking to deploy 100- 200MWh VRFBs from next year.
Then look at China and the Massive projects that are being developed now. 250MWh to 1GWh VRFBs that will need huge quantities of Vanadium.
When Cellcube launches hopefully this quarter, it will be very interesting to see their progress and the types of projects/relationships they are working on too.
Bushveld stand to greatly benefit from all of the above over the next few weeks/months/years.
Good luck to everyone who is actually invested!
All my own opinion only. Please do your own research.
Massive upcoming Infrastructure spending in the US.
I think we could well see $45-$50+ per Kg/V as the new normal now for Vanadium pricing.
‘The $550 billion in new spending that the Infrastructure Investment and Jobs Act (IIJA) directs toward traditional and next-generation infrastructure represents one of the most prodigious infrastructure investments in U.S. history.1 In the first year since passage in November 2021, dispersal of federal grants to the state level was on schedule, with investments translating into progress on projects and even contract wins for engineering and construction firms. Although IIJA funding is already having an impact, many firms contend that the projects announced in 2022 are only a fraction of what is to come. In looking to 2023, we believe that the IIJA’s continued rollout, combined with other recent legislation, may provide more substantial tailwinds across the U.S. infrastructure value chain.’
https://www.globalxetfs.com/infrastructure-spending-update-progress-continues-as-companies-look-to-2023/
My opinion only. Please DYOR