Member Info for pb940

Chaz there are no more warrants left

https://www.investegate.co.uk/bushveld-minerals-ld/rns/exercise-of-warrants-and-total-voting-rights/201811121304200835H/

Application has been made for admission of these 3,598,684 new Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place and that trading will commence on AIM at 8.00 a.m. on 16 November 2018.

Following Admission, there will be a total of 1,119,727,953 Ordinary Shares in issue, 670,000 of which are held in treasury. Shareholders should use the figure of 1,119,057,953 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure and Transparency Rules.

Following the exercise of the warrants, the Company has no further warrants in issue.

https://www.theguardian.com/environment/2018/nov/13/spain-plans-switch-100-renewable-electricity-2050

New targets on renewable and energy efficiency

The European Parliament has confirmed the provisional agreement reached with the Council in June on energy efficiency, renewables and governance of the Energy Union.
By 2030, energy efficiency in the EU has to have improved by 32.5%, whereas the share of energy from renewables should be at least 32% of the EU’s gross final consumption.
Both targets are to be reviewed by 2023 and can only be raised, not lowered.
Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

https://www.v o x m a r k e t s.co.uk/articles/broker-research-b540a0d

Bloody website :(

Turned out longer than I thought hence 2.1 of 2 :)

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The scale of the growing market is significant, with Navigant Research forecasting energy storage to be a $50bn market within 10 years, with flow batteries poised to capture nearly 20%; equating to ~20GWh of global demand.
Vanadium use in lithium-ion batteries is currently limited, however the focus on increasing energy density of EV batteries is creating demand for different lithium-ion formulations. The specific energy of lithium vanadium phosphate is almost double competing Nickel-Cobalt-Aluminium batteries, creating innovative demand for the metal.
The impact on vanadium requirement to support the growth is major, with Navigant’s baseline forecast consuming 82,280tV in 2027. This represents 103% of 2017 global production, which has great implications on the rate of primary mine growth output to match the demand. China’s environmental drive has severely limited vanadium slag production, moving to ban the import of scrap material, creating a market deficit and driving prices to record highs.
Conclusion: The growth rate for VFRB capacity is positive for established primary mine supply when considering environmental restrictions on Chinese vanadium slag and secondary production. While rising vanadium costs in VRFBs are a growing concern on the viability of projects, Bushveld Energy’s electrolyte rental model provides a cost effective defence to encourage mass adoption of flow battery energy storage.

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Vanadium Redox Flow Batteries offer significant advantages for energy storage which focus on long lifespan cycles and the ability to cycle over 35,000 charge/discharge for a lifespan of over 20 years. When fully utilised at least once daily, VRFBs have the lowest cost per kWh, while the life-time cost of ownership is reduced via the recycling of 100% vanadium upon decommissioning of the system. The systems are excellent for energy applications, relying on 4+ hours electrical supply, with very fast response times of less than 70ms.
One primary benefit is that VRFBs are intrinsically safer than solid state batteries, offering no ‘thermal runaway’ risk which has plagued lithium-ion batteries and other technologies.
Scale, competition and falling transaction costs are expected to draw all energy storage costs lower, with flow batteries expected to has price parity to lithium-ion around 2020.
However, high dependence on a single mineral presents a challenge for VRFBs, considering the rapid price appreciation of the metal, placing a higher ‘theoretical cost floor’ than other batteries. Vanadium’s cost contribution to VRFBs is greater than any other technology, typically ~30%, compared to ~15% for cobalt in lithium-ion.
To counter the elevated cost contribution, Bushveld Energy’s electrolyte rental model addresses the significant capital cost of vanadium and relies on the ability to successfully recycle the vanadium electrolyte. The vanadium electrolyte leasing model focuses on a customer trade off of upfront capital cost for an increase in annual operating costs to minimise the impact of vanadium pricing in the project. Bushveld Energy are offsetting a -27% reduction in capital outlay with +100% increase in annual operating cost to boost project IRR by +39%.
While the industry is facing second mover in stationary storage, the evolution of energy storage use cases are better suited to VRFBs, with emphasis on longer duration and multi-purpose systems. Further, Chinese political support and dwindling lithium-ion cost reductions (falling -28% compared to VRFBs -38% over the next 5 years) are expected to support swelling flow battery capacity.
According to Navigant, the two largest market segments in utility energy storage, generation capacity (64.4% share) and T&D asset optimisation (25.8% share) will require long duration energy storage solutions.

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Bushveld Minerals* (BMN LN) 49.7p, Mkt Cap £554m – Energy storage and vanadium redox flow batteries 101 webinar

Energy storage systems have the ability to reshape the power system, preserving and making available rapid, clean electrical energy from other forms including mechanical, thermal, chemical etc. A future which is becoming characterised with ‘electrification of everything’, with electricity swelling to 45% energy use by 2050 (from ~20% currently), will become heavily dependent on electrical energy storage.
Energy storage will be dominated by the transport industry with rapid acceleration of electric vehicle adoption, but stationary storage is the most nascent and rapidly growing sector. Cumulatively, the total energy storage market is expected to rise more than four-fold in the next decade, climbing to approximately 800,000MWh by 2027 according to Navigant.
Different storage types and technologies are relevant for different application, determined by the amount of time stored energy required. Provision of energy storage systems will be designed by the required storage duration and whether power or energy is the priority – battery requirements typically focus on up to 100MW power requirements discharged over a period covering minutes to days.
Pumped hydro is the most prominent energy storage technology to date, accounting for 99% of deployed energy storage, with multiple commercial technologies vying for growing capacity requirements. Long-term viability (10-15 year period) favours lithium and flow batteries.
The costs is also a major factor in determining the suitability of energy storage system. The total cost of an energy storage site is highly dependent on upfront capital costs (e.g. DC block, housing, grid, interconnections, installation) and ongoing annual costs (e.g. AC-AC efficiency, maintenance, degradation rates). Life-time cost of ownership or levelized costs (LCOES) give a reasonable comparison metric, while the media focus on the $100/kWh lithium-ion cell cost.

Had to drop my car off at the garage before open, came back in to see 50p wow

Well done everyone for choosing to fly BMN Airways :)

You mean like 30p and 40p were?

10p was a bugger and 20p put up a fight but hopefully not 50p

Hope you don't feel as though you've made a rod for your own back Alfa and feel you have to do this. As soon as it's too much I'm sure people will understand if you stop doing it.

Until then, sincerest thanks.

Yes, Fortune, cheers indeed.

I know Alfa, can't just skip over 'pv project and battery were working on' and not give some more info soon surely?

For a laugh? Oh my aching sides, hilarious, funniest man on the planet. No really, I’m not be sarcastic at all.

https://www.investegate.co.uk/bushveld-minerals-ld/rns/invitation-to-webinar-on-energy-storage-101/201811121316400844H/

https://www.esi-africa.com/energy-minister-looks-to-wind-sector-for-investment-contribution/

Just a little mention of battery storage at the end;

In conclusion, the Minister acknowledged the need to address grid integration issues, including the application of battery storage and smart grid technology to support the management of variable generation resources.

“The integration of the power, energy efficiency, heating/cooling, transport and storage sectors offers significant opportunities for increasing the share of variable renewable energy generation into the energy system while expanding the use of renewable energy in other end-use sectors such as heating and cooling. With the coupling of various energy sectors, the prospect for further decarbonisation of the economy becomes a real possibility.”

Was he the miserable one who no matter what the company did wanted to always look at the downside risks?

You know, my crown jewels, Bushveld shares. :)

I've been holding tight for so long I'm starting to get cramp in my hands:)

https://www.proactiveinvestors.co.uk/companies/news/209013/bushveld-minerals-shares-jump-as-sp-angel-maintains-buy-rating-and-hikes-target-price-209013.html

Bushveld Minerals Limited PLC (LON:BMN) shares shot higher on Monday as SP Angel maintained a ‘buy’ rating on the vanadium miner and hiked its target price to 87p from 37p.

SP Angel noted that vanadium prices have jumped in China and Europe due to a shortage of available material.

“We are struggling to see how the market may supply demand for vanadium in the next two years and we feel vanadium prices should settle at a higher price level than previously envisaged for the longer term,” the broker said.

SP Angel expects demand to outstrip supply, pushing up ferro-vanadium prices to US$85 per kilogram (kg) for 2018, 2019 and 2020 and to US$55 per kg for 2021 and US$45 per kg for 2022 and thereafter.

Bushveld owns a 74% stake in Vametco, a vanadium open pit mine in South Africa.

In an update last week, Bushveld said it would push ahead with the expansion of its Vametco vanadium plant to take advantage of soaring demand for the steel additive.

Vanadium prices increased 24% over the quarter to September to US$85.8/Kg and have risen by 137% over the past 12 months.

“Our valuation for Bushveld Minerals rises to US$1.6bn assuming an 8% discount rate and a long-term exchange rate of ZAR14/USD or 90p/s on our new vanadium price and production rate assumptions,” SP Angel said.

“We assume production rises to 10,000 tonnes per annum in 2023.”

Shares jumped 6.1% to 43.50p in late morning trading.

Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated vanadium producer, with ownership of high grade vanadium assets, announces that it has received an exercise notice for the exercise of warrants over 3,598,684 ordinary shares of 1 pence each ("Ordinary Shares") with an exercise price of 6.9 pence per Ordinary Share. Accordingly, 3,598,684 new Ordinary Shares will be issued. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.



Admission to AIM and Total Voting Rights

Application has been made for admission of these 3,598,684 new Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place and that trading will commence on AIM at 8.00 a.m. on 16 November 2018.

Following Admission, there will be a total of 1,119,727,953 Ordinary Shares in issue, 670,000 of which are held in treasury. Shareholders should use the figure of 1,119,057,953 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure and Transparency Rules.

Following the exercise of the warrants, the Company has no further warrants in issue.