Member Info for Pdub

Sorry Lindon. I thought it was ok to say what we think. Didn’t mean to offend you.

Beginerman thanks for your response. I gave you an honest and full account of why I am here. Your answer was of a very general nature. How about a matching post giving an honest and full account of your own agenda.

Folks here know where I am coming from. I have made no secret of my support for FM and the BoD and of my investment strategy and expectations. How about the same from you so your comments can be equally understood in context.

Perhaps Cinders could do the same.

Beginerman I totally agree with you for once … it is better to speak your own mind and not follow others. That is what I have done since the day I signed up. On the subject of BMN I only write what I believe to be true. I have no idea what your agenda is or that of Cinders.

My agenda? Simple and straightforward. A long term investment in BMN whose CEO I strongly support and whose business plan and performance offers the potential of excellent return on investment. I hope that investment sees a good return for me. That’s it

Jamiejojo / Paludina thanks for providing something useful for readers. Much appreciated.

LB it looks like we both agree that the future looks bright for Vanadium and electrolyte producers and for suppliers of VRFBs.

LB21 you may be correct about VRFB providers needing to secure Vanadium contracts but I am not sure I see it that way. Manufacturing Electrolyte is a chemical manufacturing process that needs purpose built facilities such as the one under construction at East London. That is very different from supplying VRFBs where I assume most companies will buy in or rent the required Electrolyte from producers such as Bushveld Energy.

Controlling part of the Vanadium and Electrolyte supply chain is likely to be a very lucrative position for companies like Bushveld.

As always just my opinion and I am no expert on such matters. Just trying to use logic and common sense to this issue.

Sorry about typos … ‘mess an industry’ and ‘brown field sites’

Invinity will have to buy Electrolyte from someone. Even if a formal agreement to supply came to an end why would they not continue working with their partner BMN?

And every Electrolyte manufacturer will have to buy Vanadium from someone. They will surely want to secure supply through contracts if demand for VRFBs / Electrolyte does indeed accelerate as predicted. To understand just what a ness an industry can get itself into in times of shortage of materials just look at the failure of some UK car plants to secure supplies of chips and the impact on production. And just how many primary manufacturers of any size are there to meet this demand? Just 4 plants and 3 manufacturers (Bushveld owning 2 of those plants!!!)

Ok so you buy your electrolyte or your vanadium through a trader. Fine. Ultimately it all comes down to the supply of vanadium …just 4 primary production plants and 3 companies.

And that is exactly where Bushveld have been positioning themselves for the last few years. So many potential paths to revenue …. Selling vanadium, selling electrolyte chemicals, selling electrolyte, electrolyte rental contracts, etc

As the Roskill report points out it is unlikely that any major new projects can be on stream before 2024 and this also demonstrates the genius of Bushveld’s strategy to secure Vametco and Vanchem two fully staffed and operational plants at hugely discounted cost and without waiting years to construct plant on brown fuel sites.

Progress has been slower than we had all hoped (in part due the slump in V prices in 2019 and the ongoing Covid crisis) but the company continues to move forward as witnessed by its investments in Invinity and Enerox, production process improvements at Vametco and ongoing construction of its electrolyte plant.

Just my opinion of course.

Worth remembering what Roskill are expecting from Vanadium in 2021:

“ Outlook

The outlook for vanadium through 2021 largely depends on the evolution of the COVID-19 pandemic. Roskill’s base case is that the pandemic restrictions will gradually be relaxed over the course of 2021 with increased availability of vaccines and that the world economy will see a global re-synchronisation following a realignment between China and the rest of the world. The vanadium market is set to tighten over the year and more so in 2022, driven by higher demand but also by tighter supply, as Chinese steel **** producers are running close to capacity. Outside of China, incremental supply will also be limited and come mainly from AMG’s new facility in Ohio, USA, and Bushveld’s Vametco gradually increasing its production in South Africa. Roskill believes that vanadium prices reached a low in Q4 2020 and should gradually rebound in 2021.

There are several key developments which will reshape the vanadium industry over the decade. On the demand side, although steel will continue to dominate the market, primarily with rising consumption from emerging countries, non-steel applications will gain momentum. Vanadium redox batteries (VRBs) could become a major market for vanadium amid growing demand for energy storage, should the technology develop. Demand from the aerospace industry will also recover post-COVID-19. These new applications should translate into higher demand for premium products such as High-Purity V2O5 or V2O3. On the supply side, Roskill does not expect significant tonnages from new projects to enter the market before 2024.…”

SuperRoty who are these ‘paid Rampers’ that you refer to. Names please.

A message for Megaman on ADVFN.

No I don’t read ADVFN. I did a search for BMN on Google today and the ADVFN link came up. Out of curiosity I had a quick look and spotted the V price lie. That bb certainly not worth following if this twaddle is typical.

The lie is exposed and that is enough.

For clarity I am not signed up for ADVFN so cannot post the data.

Over on ADVFN a poster called purchaseatthetop has been lying about the V price, claiming it has fallen over the last six months. I have provided price data for V2O5 and FeV for the six month period 26 Feb to 30 Aug and the % change. I know there are a few posters here that are signed up to that bb as well. If any of you would like to post the data provided below that would be appreciated. Lies need to be exposed.

Europe V205 $/lb
26 Feb 6.8 ….. 30 Aug 9.5 …. Change + 39%

Europe FeV $/kg
26 Feb 32.0 …. 30 Aug 38.8 …. Change + 21%

China FeV $/kg ….
26 Feb 33.0 …. 30 Aug 43.0 ….. Change + 30%

Disgruntled I am glad that we agree that the current share price does not represent fair value for BMN.

The huge progress being made by the company has so far not shifted the share price ... but no doubt it will. In my opinion there is the potential for significant upward movement in the remainder of 2021 and into 2022.

Again purely my opinion but this seems to be an ideal opportunity to invest.

Thanks Lindon. Agreed quite interesting. For those that haven’t read the IES RNSs BCI have sold about 2,000,000 shares in IES, with an assurance that no more to be sold.

BCI are IES’ Contract Manufacturing Partner. This quote may be relevant here:

“ BCI have also indicated that the majority of the proceeds from the share sale are expected to be used by BCI to fund their increased working capital requirements as a result of Invinity's growing order book and the growth of BCI's products and services in other renewable markets.”

Infinity’s growing order book … and I believe BMN have first refusal to supply Vanadium / electrolyte to IES.

Good news for BMN and vindicates their involvement in helping to create Invinity and develop the VRFB market. Good example of FM / MN thinking outside the box and beginning to pay off.

Daisydog I think most analyst predictions referred to on this bb are for 2021 and into 2022. Don’t you think it’s a little early to be drawing conclusions about the accuracy of those forecasts?

No one knows if this is the start of a downward trend or just a market adjustment before a continuation of the long running upward trend in V prices.

As an example look at V2O5 prices in Europe. They rose from $5.1 in Dec 20 to $8.1 in March 21. Then over the next 6 / 7 weeks retraced slightly to $7.5 by mid May 21. But then the decline reversed and prices climbed steadily to reach $9.8 by early Aug 21. So even though the longterm trend was up the price had a short period when it fell back a little.

A very similar pattern occurred with FeV prices in Europe. So let’s wait and see where longterm prices are heading.

I think therefore it’s a little early to be making sweeping statements like “Looking like the expert predictions of the market trends are guesswork.” All any analyst can do is work with facts as they know them at the time (hardly ‘guesswork’) but of course circumstances can change.

My understanding is that the spot market for Vanadium is quite small (not an expert on this of course) and that it doesn’t take much to cause small price adjustments. Who knows … maybe just the ‘summer’ factor at play.

Faramog i know you can’t read this but really there is no reason for your nasty comments.

I will return the compliment and filter you for unnecessary rudeness.

Beginerman sorry you don’t get away with it that easily, even though I am now filtered. Your comment was addressed to those covered by this phrase “… long term hold has equated to frustration and possibly anxiety for investors … “.

Please note there is no element of doubt (eg for some with long term hold). You addressed it to all long term holders. That definitely includes me and that was my invitation to respond, whether you intended it or not. I do not accept the above quoted statement, my explanation given in my original response.

And then the comment those those ‘in big’, compared to yourself being happy to hold as it is only a small part of your holding. The proportion of an investor’s money held in BMN stocks compared to other investments is none of your business and should not form the basis of invented emotional states such as ‘anxiety’ attributed to people you have never met, just because they have a different approach to investing than yourself.

So you did try to speak for me as part of that group of investors that you referred to. And I was completely justified in responding.

Your post was entirely speculative and opinion based, but presented as fact. I have merely offered a counter opinion.

As for your ridiculous statement linking number of comments to emotional state (good grief!!) two points:

1. I don’t just roll over and let people get away with nonsense.
2. I didn’t get personal with you. Sad that you felt the need to target me. Guess I touched a nerve.

As to why do I respond so often to your posts? I would invite people to read your posting history and leave it at that. MIKINAMAN began a thread that was greeted with lots of positive responses. Yours was the only negative post.

Beginerman you don’t speak for me and I certainly can’t speak for anyone else, but as a longterm holder let me assure that your statement ‘has equated to frustration and possibly anxiety for investors’, whilst having an element of truth about the frustration with the share price (but not the progress of the business) I have no anxiety whatsoever. Not sure why anyone would.

This is a solid business that the BoD is moving steadily towards its goal of a large low cost vertically integrated vanadium platform. I’m happy with that.

Faramog I gather you can’t read this now but I agreed with you and even accepted your criticism. Oh well, can’t please everyone.