Member Info for pb940

Can't be bothered looking back through the posts so this may already have been posted.

https://www.miningmx.com/top-story/41683-bushveld-minerals-vanchem-expansion-study-waiting-on-covid-19-off-take-impact/

Beat me to it James, duplicated your post. Probably should have checked as after I started typing I got a video call.

https://www.miningweekly.com/article/bushveld-enhances-liquidity-implements-detailed-covid-programme-2020-05-04/rep_id:3650

https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q1_Prodn_2020.pdf

https://www.proactiveinvestors.co.uk/companies/news/918707/bushveld-minerals-enjoys-moderate-boost-to-vanadium-production-and-plenty-of-cash-in-the-bank-918707.html

Bushveld Minerals Ltd (LON:BMN) has said it produced a net attributable 482.5 metric tons of vanadium (mtV) in the form of Nitrovan during the first quarter of 2020, marginally ahead of production in the corresponding period a year ago, with this quarter affected by shut-downs related to the coronavirus.

In an operational update, the company also noted that it booked sales of 898 mtV, or 664.5 mtV 74% net attributable. Underlying production costs rang in at US$18.90 per kilogramme, an 8% decrease relative to the first quarter of 2019, supported by a weaker ZAR/USD exchange rate.

The company said it has completed its annual maintenance programme early. This was initially planned for the second quarter of 2020. No further maintenance shutdowns are planned for the remainder of 2020, it added.

In line with the South African government's "risk-adjusted strategy for economic activity", following a 35 days, production is now ramping up to normal levels, Bushveld said.

On October 30, 2019, Bushveld secured ZAR375mln in facilities from Nedbank, comprised of a ZAR125mln revolving credit facility (RCF) and a ZAR250mln term loan, which was drawn down at the time.

The company drew down the remaining RCF of ZAR125mln at the end of March 2020 to enhance liquidity and provide financial flexibility during this uncertain environment.

Overall, the company’s unaudited gross cash and cash equivalent position as at December 31, 2019, and March 31, 2020 was US$34mln and US$34.4mln, respectively.

It said 2020 production and cost guidance for both its Vanchem and Vametco operations remain under review and will remain so until the company is in a position to quantify the impact of the coronavirus and the South African nationwide lockdown.

One positive of your assumption batteries (all batteries I assume rather than just specifically vrfb for large scale storage) will take a back burner to the rebuild, which will I hope include construction, is that the hedge Bushveld have with the steel industry side.

Thought I’d look in to the board for the first time today half hour ago and then thought thank goodness I hadn’t bothered. What a waste of space he is.

NM

voxmarket website says they've had a server crash so probably affecting the app as well

https://www.theguardian.com/business/2020/apr/30/covid-19-crisis-demand-fossil-fuels-iea-renewable-electricity

I'm not saying I'm a climate alarmist but I am alarmed by the changes in climate. When I was young I used to go for a walk in deep snow in Reddish near Manchester where my family who still live there now get excited if they get a millimetre of snow that lasts more than the morning. Since moving to Cheshire I've seen snow, while sat at my desk working which has disappeared by the time I go out a couple of hours later. In Autumn the rain is absolutely insane compared to what it used to be. In the summer it now gets so warm it makes me ill. And those seasons are now slowly moving from where they used to be.

My brother is one of the 'its the natural cycle of the Earth' which just happens to have coincided with the explosion in human industrial activity. Fair enough, but the climate is changing, whether you believe by nature or through human activity. And if the science shows we have a chance of curtailing this and slowing or reversing those effects then I think as a race that would prefer not to go the way of the dinosaurs (not straight away, but over hundred years) then why wouldn't the world start taking those steps?

https://www.l2b.co.za/Project/Vanadium-Electrolyte-Production-Facility-Buildin/22815

https://www.l2b.co.za/Project/Vanadium-Electrolyte-Production-Facility-Infrast/22814

Yeah, totally understand that pdub, just feel sorry for the poor guys going underground, as if it wasn't dangerous enough.

Not sure how a 2 metre rule works in the photo at the top of the article.

https://www.miningweekly.com/article/morale-high-as-covid-masked-south-african-miners-get-back-to-work-2020-04-28/rep_id:3650

Maybe a bit easier to read

Chinese subsidise buying of substantial metal inventories
• Local governments across China are offering incentives to companies purchasing base metals, in a move to avoid inventory pile ups.
• China's Yunnan province said this week that it would set aside 1 billion yuan to help businesses stockpile 800,000 tonnes of nonferrous metals to boost the economy.
• State funds will be used to cover interest on bank loans taken out for the one-year stockpiling drive, which will include copper, aluminium, lead, zinc, tin, as well as minor metals germanium and indium and other nonferrous metals (Reuters).
• The money pledged will cover 80% of the interest on loans taken out to stockpile tin, germanium and indium, and 60% of the interest on loans to buy copper, aluminium, lead and zinc, the statement said.
• The Northwest Gansu province is mulling a plan to encourage local companies to stockpile up to 436,000 tonnes of nonferrous metal through the use of subsidies for interests and warehousing fees (SMM).
• According to Fastmarkets MB, more local governments such as Hunan and Sichuan are coming under pressure to introduce incentives to support base metal purchases.
• This move by provincial governments could support base metals prices, however this morning nonferrous metals traded mostly lower in Shanghai as traders weighed the news.

It doesn't mention Vanadium specifically just non-ferrous, but what impact, if any, would this have if it did include vanadium?

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Tuesday_28.04.20.pdf

Chinese subsidise buying of substantial metal inventories
• Local governments across China are offering incentives to companies purchasing base metals, in a move to
avoid inventory pile ups.
• China's Yunnan province said this week that it would set aside 1 billion yuan to help businesses stockpile
800,000 tonnes of nonferrous metals to boost the economy.
• State funds will be used to cover interest on bank loans taken out for the one-year stockpiling drive, which will
include copper, aluminium, lead, zinc, tin, as well as minor metals germanium and indium and other nonferrous
metals (Reuters).
• The money pledged will cover 80% of the interest on loans taken out to stockpile tin, germanium and indium, and
60% of the interest on loans to buy copper, aluminium, lead and zinc, the statement said.
• The Northwest Gansu province is mulling a plan to encourage local companies to stockpile up to 436,000 tonnes
of nonferrous metal through the use of subsidies for interests and warehousing fees (SMM).
• According to Fastmarkets MB, more local governments such as Hunan and Sichuan are coming under pressure
to introduce incentives to support base metal purchases.
• This move by provincial governments could support base metals prices, however this morning nonferrous metals
traded mostly lower in Shanghai as traders weighed the news.

Just thought you'd like to know that the Mokopane project page was updated today

https://www.l2b.co.za/Project/Bushveld-Vanadium-Project/11768

He was/is a disgusting piece of **** who took a dislike to Fortune and Bushveld and all him and his minions could talk about was death spiral finance and how the company was badly run yada yada yada.

Terrible, spiteful, nasty piece of work and those who followed him and vomitted his rhetoric on the BMN board at the time made life an absolute misery. But this board and the 'long term' (4/5 year) holders gave as good as we got defending Bushvelds business prospects, until it turned out he was talking *******s and Fortune did what nobody thought he would.

I think that's why a lot of us defend Bushveld even now because back then this company was so different in terms of it's assets, profile within the industry, andits direction compared to now that to have *****s coming on trying to tell us about a company we are all incredibly knowledgeable about is insulting.

What a weird coincidence this has just come out

https://www.investegate.co.uk/riverfort-global-opp--rgo-/rns/investment-in-pires/202004241354108430K/

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Friday_24.04.20.pdf

Bushveld Minerals* has established a Covid-19 Task Team. Workers are being protected through a programme of awareness, infection prevention and intervention protocols including social distancing, hygiene, sanitisers and more frequent deep cleaning, temperature testing and the establishment of isolation facilities for dealing with any suspected cases of infection along with detailed protocols for testing and follow up.
• Bushveld is supplying its local communities with free hand sanitisers produced at its operations and continued water supply.