Member Info for Pdub

Jelly why did you mention my name? By doing so you effectively invited me to comment … so I did. Had you not mentioned me I would not have participated this evening.

Lesson to learn I think.

Taufour you theory doesn’t not work as far as I am concerned. I stopped posting hear through utter disappointment at the negativity and moaning that has become prevalent on this bb. That was interfering with my need to be positive in dealing with my health issues.

Whilst I have received suggestions that I should join the Telegram group I have not taken up that offer so far. I only ‘came back here’ because my name was mentioned in a post that I strongly disagreed with.

However I have no wish to regularly engage here until I see a marked improvement in the general standard of posting.

That’s all from me.

Just my opinion.

Cindercone I agree with some of that. I have several times speculated that we have had one or more big sellers that have exerted a large drag on the share price and yes some pi’s selling has not helped. If the above is correct then I also agree with you the once the overhang is done then expect a significant rerate.

Just my opinion.

Jelly as you mentioned my name (which I did not ask you to) I will respond to your point about something being wrong, a cheap takeover on the cards and things beyond the skill set of management with a very simple answer: NONSENSE!

You have no evidence for any of those statements. In fact IF you have read properly the recent RNSs you should understand the huge amount of work being undertaken to offset the effects of COVID, sort out the unreliable production at Vametco and push forward with plans to further increase production, secure ore supplies to Vanchem and develop the various BE activities and partnerships.

These are not the acts of a management team out of their depth as you suggest, but a BoD doing exactly what is required to lead the business through tough times of low V prices and a global pandemic, whilst at the same time moving the business forward. Stop staring at the short term share price and focus on the business. If they are getting that right, sooner or later the market will understand.

It is fair to say that not all has gone to plan (hardly surprising!) but they have been flexible and adjusted well to changing circumstances. Like everyone else I would like to see the story being told better through improved PR and a complete change of policy with regard to depending just on Q Updates to release news. But the BoD are running the business rather well given the challenges they have faced.

For those selling at this low price well that is your decision. I need to raise a lot of money shortly for some private health care that the nhs won’t provide. I will be doing everything I can to avoid having to sell any of my BMN shares to pay for this. I remain convinced that the foundations are being laid for a significant rise in share price so giving them away now for someone else to make profit from seems a bit daft to me. The rising V price trend over the last 7 months or so is a real bonus.

All just my opinion.

I believe you have private messaged me but I can’t read it as not a Premium Member.

If Alfacomp doesn’t mind could you send it to him and I would ask Alfacomp to email it to me.

Regards. Paul.

I need to think about whether to continue participating on this bb.

In my opinion there is immense damage being done to sentiment by comments on this bb. I honestly thought that the excellent RNS yesterday would be an important turning point and that those who are largely critical would begin to see a more positive future. That they would start to support the company once again.

Well how wrong can one man be. Despite the excellent news yesterday that Vametco is back on track and that both COVID and civil unrest were not having a significant impact today the knives are out yet again.

It is very telling that had the share price risen 20 to 30% yesterday the CEO would probably be a hero! How fickle are we pi’s.

I am going to concentrate on remaining positive in my battle with cancer. Frankly the depressing atmosphere at times on this bb makes that so much harder.

I will keep this decision under review.

So for the time being good luck to everyone.

Regards. Pdub.

Excellent trading Lucky selling at the bottom. Anyway hope you do better elsewhere.

I have made my opinion of this RNS very clear and given very detailed explanations as to why I think this was an excellent RNS.

For reasons that I cannot fathom some here seem to think this RNS was not very good. Ok. Explain why.

But before you do let’s have some context. First you must consider where we were after the Q1 Update and the 2020 Final Results. Then you must remember that this was a Bushveld Vanadium Update. It was never intended to be about the rest of the business.

So why was this anything but a very positive RNS?

In summary they did not put too much information in this update. It was mostly to the point and released earlier than expected. Those points should be considered as context. And more importantly there no major negatives and some very important positive information.

For me an excellent Quarterly Update when measured against recent history. Hopefully this is the springboard for a flow of good news.

Things I did not know before today’s RNS. I may have speculated on some of these points but they were not confirmed, nor could be quoted as facts. In my opinion this was a very informative RNS and most of it very positive.

Group production figure of 886 mtV for Q2.
Vametco produced 278 mtV and 261 mtV for the months of May and June respectively.
Vanchem produced 293 mtV in Q2 2021 in line with Q1 2021 (Q1 2021: 293 mtV).
Vanchem is expected to maintain its current monthly production levels of approximately between 90 mtV to 100 mtV, through the support of feedstock from the upper seam at Vametco.
Group sales in Q2 2021 of 820 mtV.
On track to meet 2021 Group production guidance of between 3,400 mtV and 3,600 mtV.
Recent unrest in South Africa, during July 2021, has not impacted production.
The Group expects to maintain export volumes during Q3 2021.
Q2 2021 Total Injury Frequency Rate ("TIFR") of 1.74, an improvement of 95 per cent relative to Q2 2020 (Q2 2020: 36.34), as a result of improved risk assessment and mitigation measures.
We intend to complete the now expanded prefeasibility studies ("PFS") at Vametco together with the technical studies currently under way at Vanchem in Q4 2021.
We are pleased to have commenced the vaccination programme for both the Vametco and Vanchem employees, including Impala Platinum kindly agreeing to collaborate on the use of their vaccination centre for our employees at Vametco.
The Group has experienced logistics delays in getting the final product to the port, these delays have now been resolved.
Vametco Phase 3 PFS The scope of work of the PFS for Vametco has been extended to include upgrading the concentrate section to a Semi-Autogenous Grinding mill and life of mine of Open Pit with higher production to supply both Vametco and Vanchem, making Vametco the single ore supply for both operations for the medium-term.
The Upper Seam portion of the Vametco resource ("The Upper Seam Project") has been earmarked as a near-term source of feedstock for Vanchem to replace the ore stockpile acquired with the plant which is expected to deplete at the end of Q3 2021.
COVID
Reduced staff on site by splitting day staff, workshops, and foreman into shifts.
Prevent physical contact between shifts through scattered lunch breaks.
Transferred all meetings to virtual platforms.
Vametco also provides isolation facilities to minimise the potential of exposure to staff family members.
The Group has recorded 54 active COVID-19 cases among employees. Whilst production remains unaffected additional protocols have been introduced to minimise infections and potential exposures. We continue to monitor exposure and infection cases daily.
We commenced the vaccination programme, during the week of 12 July 2021, for employees and contractors of over 35 and 50 age groups.

Thanks Mogwhy.

So we have:
Stabilised production at both Vametco and Vanchem (despite any COVID cases).
Production numbers on course to meet group production targets for 2021.
Improving US$ / Rand exchange rate, reducing costs and improving revenue.
A rising trend in Vanadium prices.
Predicted increase in V demand with supply side constraints 2021 / 2022
A growing demand globally for Vanadium Redox Flow Batteries (VRFB)

Looks like quite a tasty year or so ahead to me.

Just my opinion.

HarChris and Paul I agree with your posts.

Knuttie it’s in the RNS. Hasn’t affected production and vaccination programme in place. In the middle of a global Pandemic BMN have done very well with respect to COVID.

I don’t agree at all with your analysis. COVID is dealt with in three separate sections of the RNS, including impact on the business right down to precautions for workers.

This was in my opinion an excellent RNS, demonstrating how a number of issues have been resolved and indicating future strategies, along with of course very good news on the production front. Just my opinion of course.

“Logistics delays have now been resolved although general international seaborne logistics pressures due to the COVID-19 pandemic remain. We continue to monitor the international logistics situation closely. The Group expects to maintain export volumes during Q3 2021.”

“COVID-19 Response
· In June 2021, the South African government, announced that the country had entered the third wave of COVID-19 and implemented an adjusted level 4 with additional restrictions. Bushveld Minerals has responded by proactively implementing measures over and above existing protocols including amongst others:
-  Reduced staff on site by splitting day staff, workshops, and foreman into shifts.
-  Prevent physical contact between shifts through scattered lunch breaks.
-  Transferred all meetings to virtual platforms.
-  Vametco also provides isolation facilities to minimise the potential of exposure to staff family members. 
· The Group has recorded 54 active COVID-19 cases among employees. Whilst production remains unaffected additional protocols have been introduced to minimise infections and potential exposures. We continue to monitor exposure and infection cases daily.
· We commenced the vaccination programme, during the week of 12 July 2021, for employees and contractors of over 35 and 50 age groups.”

“…. This has not had a material impact on our operations, and we hope each employee achieves a speedy recovery. Moreover, we are pleased to have commenced the vaccination programme for both the Vametco and Vanchem employees, including Impala Platinum kindly agreeing to collaborate on the use of their vaccination centre for our employees at Vametco….”

Cindercone you are entitled to your opinion but I completely disagree with you. That RNS has brought news that confirms that the production problems at Vametco have been dealt with. This was a major concern of the market. That is excellent news in my opinion. Good to see a positive response from the market.

The other aspects you mentioned are not appropriate as this is a Bushveld Vanadium Update.

… I am glad you raised FMs job. He has come in for a great deal of criticism recently. Totally unjustified.

Running a growth company like BMN in the challenging political and economic environment of South Africa is no easy task. Add to that two huge issues like the Vanadium price collapse in 2019 and the impact of COVID in 2020 / 2021, and the challenges of running older plant, no wonder he might be tired! I would be exhausted! Comments that he looked disinterested in a video I think have failed to understand this. He was not disinterested, he was most likely knackered!

But now we know that all the hard work is paying off. A proportion of the sales switched to the higher paying Chinese market. Stabilised production at Vametco, increased and stable production at Vanchem. Planning in place to increase production and ensure Vanadium supplies for years to come. Actively promoting the VRFB industry. A very successful investment in Invinity. Vanadium electrolyte rental agreements developed. Building an Electolyte manufacturing plant. Working on a solar / energy storage mini grid at Vametco. Etc etc.

Fortune is doing a great job building the business. My one hope is that the prompt release of this Quaterly Update and the simple focus on Bushveld Vanadium rather than too many other strands reflects a new approach to PR, the one area where they have not done so well recently.

These prices had undergone a small reversal in the last week or so. Hopefully this upturn is a return to a rising Vanadium price trend.

Nice to see a positive response by the market to this very good RNS. I would like to think that this is the beginning of a return to fair value for BMN shareholders.

Support from this bb can only help.

Then why don’t you all focus your posts on the RNS and it’s implications. Practice what you preach.

This is an excellent RNS and has the potential to trigger a variety of positive strands. I’ve done my best today.

Apologies to all and to BMN. I used an incorrect figure in my production calculations and ended up with a low total. Here is the corrected version, which is even better news.

Group production H1 = 1574 mtV

H2 Production at Vametco at:
240 mtV per month = 1440 mtV
250 mtV per month = 1500 mtV

H2 Production at Vanchem at
290 mtv per Q = 580 mtV

Projected production for H2 = 2020 mtV / 2080 mtV

Projected production for 2021 = 3594 mtV / 3654mtV

At current production rates at Vametco and Vanchem the company is on track to meet production target as stated in the RNS.

Group production H1 = 1574 mtV

H2 Production at Vametco at:
240 mtV per month = 1440 mtV
250 mtV per month = 1500 mtV

H2 Production at Vanchem at
290 mtv per Q = 580 mtV

Projected production for H2 = 2020 mtV / 2080 mtV

Projected production for 2021 = 3460 mtV / 3580 mtV

At current production rates at Vametco and Vanchem the company is on track to meet production target as stated in the RNS.