Member Info for pb940

I would expect the BE Q4 update next week SOTRR, before the Indaba. But Bushveld will release it when they are good and ready I suppose :)

Plus last October Bushveld said this which should help get us up to 5000mtv and Vametco or elsewhere

Bushveld Minerals Ltd. intends to allocate as much as $170 million over the next three years expanding its capacity to produce and process vanadium.

I think the Corporate Presentation alongside BMO on the Tuesday is going to be the more interesting element from next week. Starts at 12:05 (10:05 GMT) so RNS out at 10:00 am presumably (I'm joking before anyone goes off on one)

Wouldn't 5% 1.1 billion shares be 50+million shares traded onefcc? Thought it was less than 5 million traded yesterday and the day before

I wonder how much 0.5% of shares in issue traded today will affect the share price?. If we were turning over 10%-20% of the companies share issue in a day and going down I'd be worried.

If we weren't making money, I'd be worried.
If we didn't have any forward plans to expand the company, I'd be worried.
If they didn't have a plan to improve production I'd be worried.

It's as though people think the update was the last they will make to the market, ever, and there is absolutely, positively, no possibility of improving, expanding or enhancing the companies portfolio of assets beyond that RNS.

All I see is we are making a lot of money while under-performing in terms of expected production, if you don't want to get in and take advantage now before the company is performing to higher standards or don't believe they can reach those higher standards then either don't invest or if already invested sell up and move on.

The group consensus the week before was estimated without knowledge of the required repairs in the same manner as Fortunes estimate, which is the bit I'm a bit disappointed that is being picked at. That in some way Fortune knew about the repairs and went ahead and gave an inaccurate estimate on purpose.

As to the production issues, obviously I think the poor production rates are great and am thoroughly enjoying the huge focus being given to that for those who would like nothing more than for Bushveld to fail.

The fact is less than two years ago we didn't even know if we were going to get Vametco and now people are moaning about having £100+ million ebitda and an sp rise of 1500% I find ridiculous. But that's just my opinion, if you want to keep feeding ammunition to the undesirable elements that frequent this board then carry on.

I'll express my opinion on the companies performance in 2 years time when I'll be looking to sell some.

So you are just going to ignore the correlation between the words in that bullet point as the reason for the new estimate he gave not being reached?

We do though Rob, the RNS stated;

. . . . compared to previously announced guidance range of 2,600 to 2,650 mtV. Production was impacted by an unplanned maintenance and repairs programme in Q4 at the refractory and cooler girth sections of the plant.

That to me says the 'previously announced guidance' was impacted by 'unplanned maintenance and repairs'. Why would you give an estimate before a known unplanned maintenance and repair. You wouldn't.

FM needs to should a bit of criticism here as it is not many months ago that those targets were still being intimated when they must have been quietly not at all sure.
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But faramog if the breakdown occurred after he gave the new target how could he predict that?

Didn't know whether we may have decided to stick one at Vametco for demonstration purposes. The poster says 'South Africa's Largest Vanadium Redox Flow Battery' on it.

So is the site visit at Vametco or Eskom research facility I wonder?

Hopefully we'll see an interview with Fortune and Mikhail in a day or two on brrmedia?

I'm so glad you've invested in Bushveld and brought that positive spirit you showed for redt with you Bolgas.

Not really to do with Bushveld (maybe they'll by electrolyte in the future if we are competitive enough, which we should be controlling the v that goes into the electrolyte) but shows the market is waking up to the benefits of vrfb.

https://www.prnewswire.com/news-releases/cellcube-announces-strategic-partnership-with-immersa-in-uk-300787173.html

Battery storage has already demonstrated its ability to reduce costs in the Enhanced Frequency Response ("EFR") and Firm Frequency Response ("FFR") market that was set up to create a route for batteries to bid to be part of the power grid. Now that the peak demands get into multiple hours and the capacity market offers business opportunities the vanadium redox flow system will show its strength with extended performance warranties, dramatically increased battery cycles and near zero capacity degradation. The levelized costs of vanadium storage had dropped dramatically and will continue to do so.

About as good news as you could hope for pdub, Stay strong fella.

I’m not sure that waiting for prices to fall that low, thereby affecting Bushvelds income, then deciding investing in vrfb’s is common sense or in any way forward planning. I think at the moment I’m still going to take a gamble on Bushveld’s strategic roadmap and see where it goes.

Don’t suppose you could point out specifically where it’s mentioned in the RNS the need for additional monies to improve output? Not including the current known costs for phase 3. Cheers.

http://www.bushveldminerals.com/wp-content/uploads/2019/01/Vanadium-strength-drives-sharp-earnings-growth.pdf

This is from when the judgement was passed on 22ns November 2018.

https://www.news24.com/SouthAfrica/News/high-court-rules-in-favour-of-eastern-cape-community-in-historic-mining-rights-case-20181122

In her judgment, Judge Annali Basson declared that the mineral resources minister must obtain consent from the community, as the holder of rights on land, prior to granting any mining right to TEM.

In her conclusion, she stated that while the informal rights of customary communities were previously not protected by law, they now had the right to decide what happens with their land.

This is to do with Xolobeni not mokopane. I'm pretty sure mining rights have been issued since this first came up last year.