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LSE showing an M/C of only £115 million. Quite absurd.

That is considerably less than the value of its two production plants.

This crazy M/C has been deliberately caused by the ruthless shorting of this stock by GSA Capital Partners and possibly others for what purpose one can only speculate. It has little or nothing to do with the true value of this stock.

To be honest this makes me ashamed of the London financial market. The deliberate damage being done to a good South African based company attempting to bring Green energy industries to Africa. This being done when UK is hosting Climate Change conference. Hypocrisy? Yes definitely.

Chinese V prices up now 4 consecutive days, looking like a new upward trend

IES battery news at Oxford

Tando news drawing attention to vanadium in the Bushveld.

That’s not a bad start to the day and Q3 numbers not far away that will demo constant and above target production at Vametco which will also mean lower costs. All looking good for BMN

Worth noting perhaps that European and US prices had been falling but for two days now they are flat. Let’s hope they follow the Chinese prices back up. If so and given the significance of the US market to BMN that would be yet more good news as Q4 progresses.

Daisy I am truly astonished at your lack of understanding of the vanadium market. Let me help.

China is the largest producer of vanadium, largely as a by-product of the steel industry.

China is also the largest consumer of vanadium and recently has been a net importer of vanadium, some of which comes from BMN.

Markets outside of China rely quite heavily on supplies from the 4 primary producers, including the two plants owned by BMN.

Therefore BMN occupy a very important position in global vanadium markets.

We discuss this a lot because it is a true fact, it generates most of BMNs revenue, it provides the opportunity to significantly increase production (as they are doing) and it needs frequently stating so that new investors have a sense of what BMN is about.

Hope that helps you to understand how important these two plants are.

BBN has a lot of followers. He carries influence.

I believe recently he bought in and then a short time later sold. A tad confusing but if that is his current position he would benefit from a lower sp. hmmm.

Like anyone else he is capable of posting to suit his current position. Just saying. Tread carefully.

This discussion about Duferco dilution is really a sideshow.

BMN acquired two fully staffed processing plants (Vametco and Vanchem) for rock bottom prices. If BMN had had to build two new processing plants they would have had to raise funds of maybe £300 to £400 million. The dilution would have been colossal.

Instead the CLNs in this final settlement amount to just $6.5 million in shares. A small amount of pain for the massive benefit of having two of the four primary vanadium processing plants in the world and the Vametco mine.

Every company has to invest to expand and yes that can involve fund raising, but if that leads to increased production and diversity of products that is a price worth paying. And that is exactly what this fund raise helped to deliver for BMN.

This dilution is very small. A necessary evil if you like.

Invest.well I have you filtered so don’t normally read your posts. However read LSE without logging on this evening and saw your reference to me.

First on ADVFN there are some banned posters from LSE. Lowlifes if you wish. If you take them seriously I feel sorry for you.

I know one or two over there are obsessed with me. That is good. Those trolls fear my positivity so much that they feel the need to attack me personally. I love that. It means I am doing a good job counteracting their rubbish. I would be worried if they stopped taking notice of what I write.

I would add that on the two or three occasions I have bothered to look at that cesspit I found actual lies posted about BMN, and a poster called megamouth (or similar) trying to discredit a post I had written but only succeeded in demonstrating that he hadn’t understood my post. It was actually very funny.

Anyway if you wish to follow them good luck.

Goodbye.

V price up again second day in a row. Hopefully the start of a new trend, time will tell.

Duferco dilution very small and has enabled purchase of second plant. Longterm great value for shareholders. Next year Kiln 3 started and production more than doubled. Excellent.

MrRealistic thanks for making me laugh. Excellent post.

Vanadium price in China up for second day.

Share price up 8%.

Excellent posts dismantling an idiot troll.

That’s not a bad day.

I do remember RS. I hope that when you and your father sell more shares it will be for a much higher price.

Good find 1210.

Interesting that Largo finally saw the opportunities in VRFBs and vertical integration …. Years after BMN set out the same targets and began implementing them.

It has been a tough path to establishing this new technology but BMN are in there leading the field. Good that they remain focussed on the core business of supplying the steel industry and improving production and efficiency but they are also gearing up for greater participation in the energy storage space, as evidenced buy the construction of the electrolyte plant and the mini grid, along with the various partnerships with others in the sector.

Still early days but the time will come when the energy storage business attracts more attention from the market.

In the meantime let’s see if this rise in V prices becomes an established trend as I expect it too.

We do Cactusman. As it is just a processing plant without a mine it is nite subject to the mine ownership restrictions that Vametco haste adhere to.

So what is really going on at BMN?

Well it appears that Fortune Mojapelo refocused attention on Vametco and Vanchem, in part due to the VRFB industry taking off a little more slowly than expected (reasons beyond their control include Covid and delays with SA Govt.)

This was necessary to improve efficiency and raise production at the two processing plants. After all this is currently the revenue generating part of the business.

What has been achieved?

Since the maintenance shutdown in Q1 ( which accompanied disappointing production numbers) the monthly target of 240 mtV has been exceeded in every month published since.

May 278 mtV
June 261 mtV
July 251 mtV
August 260 mtV

This demonstrates the success of the programme to stabilise production at Vametco. In fact those four months combined have exceeded the target production figure by 9%. Wake up market!

Vanchem is sustaining its production at between 90 mtV and 100 mtV.

BOTH plants have stable production. Excellent news.

Costs were very high at Vametco in Q1. Thanks to stable production fixed costs per unit are falling and the company stated in the Interims that costs for the remainder of the year are expected to be in line with the projection of $23.70 to $24.20 kgV, a big improvement.

$18 million from the PFA has been rerouted to the Vanchem Kiln 3 refurbishment to be completed in 2022. Consequently the group production guidance for 2021 of 3400 to 3600 mtV is increased to 5000 to 5400 mtV by end of 2022.

The addition of Kiln 3 will more than double Vanchem production to about 2600 mtV and they expect unit cost of production to fall to similar level of Vametco.

Electrolyte plant will be producing in 2022 offering another revenue stream.

That is why I am positive about this company. And that doesn’t include any new VRFB developments.

This morning Asian Metal site indicated rising V prices in China. Whilst not yet a trend it is what most analysts expect to happen in 2021 / 2022.

So we have stabilised and increasing production, falling costs and likely rising V prices over the next year or so. You sit staring at the daily share price if you like. I prefer to look beyond the horizon and study the future path of the company. And it is once again starting to look exciting in my opinion.

Olderandwiser the amateur trolls do not know what is going on here when there is a published short but I expect better of you.

“wtf is going on here?”

The share is being shorted. It’s a published short by GSA Capital Partners, though of course others may be trying it on too.

I can sympathise with your dad’s situation. He can only do what he considers right for him.

RS I think the BoD have been very realistic in r3cognising the slower growth of the VRFB sector than had been hoped for. I am in no doubt that COVID had something to do with this.

The BoD I think with hindsight made the right decision to focus on getting Vametco and Vanchem sorted. A financially sound business will then be better placed to exploit the energy storage business when that accelerates.

Fosters I can understand your anger. Direct it at the real cause.

I believe GSA Capital Partners are the ones with a 0.76% short. With a bit of recycling of the shor5 it appears they are driving this drop.

Ring them. Tell them what you think.

Some of you may remember an appeal for crowd funding on behalf of Charlotte Roe to raise money to help her fund her fight against Cholangiocarcinoma. This is the same cancer that I have been battling with since January 2019.

Charlotte’s appeal raised £180,000 including funds raised from participants of this bb and others on LSE.

Yesterday this update arrived which I thought some of you would like to read if you have not already received it. I won’t disclose my own thoughts other than to say how unfair life is and to send this young woman my love and best wishes.

Open the link and you can find the most recent update from 07 October below the original letter. Please take time to read it. The fund raise is closed so this is purely an update on her progress.

https://www.gofundme.com/f/nq6xu-help-charlotte?viewupdates=1&rcid=r01-163363716238-09fde3dcb8f34fa1&utm_medium=email&utm_source=customer&utm_campaign=p_email%2B1137-update-supporters-v5b

Invest.well if your target is a mere 15p then I think you may miss out on far more substantial profits to come from this investment.