Member Info for Pdub

Getbusy that’s an amazing run of good news. Treasure every minute!

Kind regards. Paul

Well said Roosters.

Goblesmythe don’t be so defeatist. That’s exactly the useless response all too frequently on this bb. A load of negativity. I commend Libero for not falling into that trap. Whilst Libero may or may not get a response at least he is trying, whereas your cynical and negative comment will certainly achieve nothing.

I hope the majority here will support what Libero is trying to do and perhaps contact the bb themselves.

Well done Libero. Your email has my full support. Exactly the kind of proactive action that shareholders should take, rather than simply venting frustration on LSE.

I agree that if more shareholders took similar action it becomes increasingly hard to ignore.

Hope you get a suitable response.

Well that’s good. Sticking to what you know. A wise decision.

Good luck Lucky.

Now returning to BMN / Bushveld Energy for a brief comment to close the stiry of how they are building a large low cost vertically integrated vanadium platform.

Of course this is the creation some years ago of Bushveld Energy (BE) to venture into and promote Energy storage and vanadium redox flow batteries (VRFBs).

So now the company:
is building an electrolyte manufacturing plant in East London (SA);
is creating a solar and battery storage mini grid at Vametco;
has partnered UET and the IDC in demonstrating a VRFB for Eskom;
with Avalon developed an electrolyte rental model
supported and invested in the merger of Avalon and RedT to form Invinity;
is purchasing Enerox;

All this is likely to lead to an expanding energy storage side of the business and a wider market for BMNs vanadium products.

BMN published their strategy several years ago and are actively delivering on every stage of the large low cost vertically integrated vanadium platform. It is a complicated picture and without proper research many fail to understand it, as seen in the post tonight that I have criticised. However the market will eventually get it and I believe that is starting to happen. One can only benefit from this unfolding story by being invested in it (in my opinion).

Most important of all to me is that the BMN management are one of those rare commodities on AIM ... a BoD that delivers on its plans, but has also shown that it has the flexibility to change those plans in order to take opportunities as they arise (eg Vanchem acquisition) and also to respond to global issues (eg Covid19). In my opinion this is exactly the kind of management wise investors should look for.

As far as the seller (probably Golden Summit) is concerned then they are likely to be near completion and that should take the brakes off the sp at some point.

All just my opinion.

Finally LuckyLuciano you have previously complained of insulting responses to your posts (yet I note you are only too happy to dish it out yourself (bit hypocritical I am sure you would agree).

I chose not to dismiss everything you wrote in that post but to take some of my most precious time and give you a considered and fact supported response.

If you write any more such misleading and incorrect posts and thereby embarrassing yourself by further exposing your lack of knowledge and understanding of BMN I may have to provide further detailed and considered responses.

My advice is stick to what you know, stop being so confrontational and divisive and try learning instead of teaching/preaching.

All just my opinion.

Part 6

LL this next quote i agree with you on as it accurately describes many wannabe non producing resource companies in AIM and maybe some trying to break into the vanadium space.

“I have been always suspicious of company directors that in stead of focusing on the company profitability, are busy to do the easy work of public relations.”

However using that with BMN in mind is simply absolute nonsense and is the sort of deramping rubbish that only someone with a complete lack of knowledge of the BoD of BMN or someone deliberately trying to mislead would write. It is simply not worth further comment other than to say go do some more homework.

Now LL to your final paragraph:

“Just sharing my 20 years experience in trading with you people,...”

Well frankly, if this is even true, 20 years of trading is worthless if you have learned nothing, and your past today in my experience is not of the quality I would expect from an intelligent adult with that kind of experience. You need to do much better if you don’t wish to keep embarrassing yourself. Sorry to be so blunt but I can only respond to your writing.

Next:

“I honestly couldn't care less if my FAR investment is better than yours or not. ...”

Really? Pull the other one. That comment I actually laughed at.

Next:

“But I can surely understand what is happening and because I have been here before with my investments”

I’m sorry but no you don’t. Your lack of research and complete misunderstanding of events is quite hard to believe.

Conclusion: you know and understand very little about BMN yet you arrogantly turn up on this bb trying to tell us the facts of life when you clearly don’t know a bird from a bee. Now do yourself a favour and stick to posting on bb’s where at least you have a half decent picture in your mind of their story.

Of course all these 6 parts are just my opinion based upon facts known to me as a shareholder of seven years with BMN, and having met and had extended conversations with the CEO and other BoD members on several occasions.

Part 5

Next LL from your post:

“On the card it looks a transformational piece of information but don't you think, this news was already in the company knowledge and a RNS was produce quickly today, just when BNM sp is finding resistance at this level for the last 6 months?”

LL you suggest something untoward about releasing the RNS today. Rubbish. Read it properly! But first you need to know that BMN have a history of publishing an RNS when a key milestone is reached in enabling large financing deals to be concluded and this was one such RNS. From the RNS:

“is pleased to announce  receipt of Exchange Control authorisation from the South African Reserve Bank Financial Surveillance Department, a key condition for the completion of the US$30 million Production Financing transaction with Orion Mine Finance ('Orion') announced on 30th September 2020.”

So they have announced that this key condition has been satisfied, a key condition specified in the 30 September RNS, had you been bothered to read it. For you benefit here are the relevant extracts from that RNS:

“Drawdown on the loan is subject to completion of certain conditions precedent as described in this announcement.”

And also:

“Material Conditions to Completion include (amongst other things): 
§ Exchange control authorisation from the South African Reserve Bank Financial Surveillance Department;
§ Execution and delivery of certain security documents to Orion;
§ Provision of certain legal opinion(s) in relation to the Borrower and each of its guarantors; and
§ Agreeing revised terms or prepayment with Nedbank in relation to the Nedbank Financing (including all amendments required to the Finance Documents in a form approved by Orion).”

Without these key conditions being satisfied this major financing deal cannot proceed and is therefore price sensitive and inline with their previous policy of updating important deals. The fact that this has been finalised in just three weeks since the previous RNS is great news.

And your assertion that this was already in the company knowledge (whatever that clumsy phrase is supposed to mean) is incorrect (ie false and misleading). They announced receiving the approval exactly in line with AIM RNS rules.

As for your ludicrous suggestion about deliberately doing this as the sp touched 15p .... rubbish. The sp has approached 15p several times in the last few months and no RNSs were released to support the sp. In fact the CEO is on record as saying that he focuses on delivering company performance and believes the the sp will take care of itself. I have the interview transcript where he stated this.

I will be generous and assume you are simply ignorant of the above through lack of proper research and not guilty of deliberate lies and misleading comments. Others may take a harsher view.

Part 4

Next:

“I am invested in FAR the potential there is huge compare to this company..”

Well that is your opinion and I respect that. But I am puzzled as to why you need to express that opinion here. It suggests a lack of confidence in your belief. For comparison I am totally at ease with the excellent progress that BMB are making in delivering their plan to build a large low cost vertically integrated vanadium platform, yet I don’t feel the need to go elsewhere and shove my opinions onto bb’s dedicated to discussing other companies.

LL if you think you are correct then great but try to have greater confidence in that belief and let others get on with supporting their investments.

Is this next section a joke?

“people need to be bother to do the hard work, be fluent at numbers and also have an eye to understand when a company BoD is full of hot air. Now ask your self...was there the need to make public today RNS?”

I am trying to show you as much respect as I can and take time to analyse your post properly but frankly that paragraph is simply all of these things: arrogant, misleading, factually wrong ... in fact in the manner in which you used it to target BMN just utter nonsense and as such I will make no further comment on it. What concerns me is what it says about you but that is for you to live with.

Part 3

Now yet another lie:

“If wasn't for inflating the value of recent acquisitions,”

As referred to above BMN did nothing of the sort. Vanchem was independently assessed and verified by auditors and found to be worth far more than was paid for it. Fantastic news and illustrates the genius of the BoD for negotiating deals. Let’s hope that other AIM wannabe resource companies have such tough negotiators and strategically wise and managers running them.

As with Vametco Vanchem is an investment in a producing asset to generate revenue and profit. Both purchased at a fraction of their value and compared to the capital investment required to build new plant (anything upto $200 million or more) acquired for an absolute steal. The wannabe companies will of course have to build new. Good luck with raising the finance on that in this economic climate.

That brings us to your next nonsense and lack of knowledge:

“But lets be honest vanadium price is all it matter and if you bought for a prospective mine project also attract finance is another hurdle.”

As referred to above BMN is not a “prospective mine prospect”. There are plenty of companies that you may be familiar with on AIM that are, but BMN is an existing miner and producer of market ready Vanadium product largely for the steel industry, but increasingly for electrolyte in the energy storage business. Without checking I believe Vanchem and Vametco are targeting around 4000 mtV in 2020 and are on course to deliver this, including a range of vanadium products.

Yes it is true that they have finally acquired the Mokopane mining licence and in time that resource will no doubt amongst other things supply Vanchem with ore, and that is indeed another exciting part of the BMN. However currently Mokopane is not part of the production side of BMN and no value has been attributed.

Part 2

How are they delivering a large low cost vertically integrated vanadium platform?

Announcement of the Mokopane vanadium project in 2013. One of the largest high grade vanadium resources.

Acquisition of the Brits vanadium resource next to Vametco.

Acquisition of their first % stake in the fully functional fully staffed Vametco vanadium mine and production facility for just $17 million, including $12 million of market ready product. This deal was negotiated when vanadium price was rock bottom. By the time it was concluded the V price was rising and the debt was paid off within a few months from the profits from Vametco. One Mining Analyst described it as one of the best deals he had seen.

Profits from rising Vanadium prices were then used to facilitate further % stakes in Vametco to achieve the maximum permitted 74% ownership under SA law. Unlike many wannabe resource companies BMN were now an important miner and producer in the Vanadium industry.

Next to be targeted was Vanchem, a second vanadium producing plant, again functional and fully staffed. Falling V prices enabled an excellent renegotiation of the deal, once agin fir an excellent price, later independently audited as being substantially below its true value, and 100% one’d by BMN.

There only 4 primary vanadium producing plants outside China. BMN owns two of them and both are producing at very low cost, essential during times of global crises and challenging vanadium pricing. They are absolutely delivering on the mining and production part of their low cost vertically integrated vanadium platform. Not many AIM non producing wannabe resource companies will ever achieve even this.

BMN didn’t stop there. They are currently building their own electrolyte manufacturing plant in East London (in SA in case your geography is as bad as your knowledge if BMN!). So in due course they will be a manufacturer of electrolyte. How many wannabe AIM resource companies have achieved this?

Part 1

LL there are times when it is best to say nothing when you have no idea what you are talking about. You should take heed.

LL the level of ignorance displayed in your post of 19.15 is quite astonishing, even more so as it demonstrates how little you have learned from your “20 years of investing”!

“It looks like the BoD of Bush with today useless rns hasn't managed to push the sp higher.”

This RNS relates to a major financing package and as such is potentially price sensitive. Under AIM rules the company had no option but to release the news. That’s the regulatory part. Then there is the quite farcical attempt to suggest that the BoD did this to nudge the sp up. Do you never read this bb or track BMN’s rather poor record of releasing RNSs? They do the opposite! In 2020 they have released 35 RNSs as follows:

18 Price Monitoring (automatically released to market in response to price movement criteria)
2 Annual or Interim Reports (Mandatory)
2 Holdings or Director Shareholding (Mandatory)
2 relating to AGM (Mandatory)
3 Quarterly Operational Updates (in line with clearly published Company policy)
1 Directorate change (Mandatory)
1 Covid Operational Update including Operational halt (Price Sensitive)
4 relating to factual investments in/with Partner Companies (Price Sensitive)
2 relating to the Orion major financial package (price sensitive)

Not a single RNS of the fluffy PR variety intended to boost the sp. Not one! In fact your ignorance of this company is revealed by even suggesting they would do this. Some here criticise them for NEVER doing exactly what you suggest.

“This is what I see with this company, lots of public relations news flow but in the end, when it comes to facts visibility is very foggy.”

In FACT the opposite is true. Apart from the occasional very precise and informative interviews there is hardly any PR at all! Had you done some proper research you would have known this. The Company has the goal of developing a large low cost vertically integrated vanadium platform and is delivering on this in a way that most AIM wannabe resource companies will never be able to deliver. They are admired for this. Their Achilles heel is the lack of consistent PR .... the opposite of your criticism.

LuckyLuciano having read your post at 19.15 tonight (Friday) I cannot let the errors lies and misrepresentation go uncorrected. It is clear to me that either you know very little about BMN or that your level of competence leaves a lot to be desired. There is a third possibility that you are deliberately deramping BMN but I will grant you a question mark on that explanation.

These days I rarely write long pieces on the bb due to having to deal with cancer. However just so that you understand how strongly I feel about this very inaccurate post of yours please understand that I am writing this late Into the night having spent an unpleasant day at hospital enduring 6 hours of chemotherapy. I can think of better things to do with my time.

My response to that highly misleading 19.15 post follows in 6 parts.

Yes thank you FB. I second Alfa’s comment. Very informative.

Fortune good to have some news. Let’s have that more frequently.

Reteps I am so pleased to read your update. Long may that continue.

Kind regards. Paul.

Do shut up brgmg. You are a truly nasty individual.

That post is such nonsense.

If you have something useful to say about BMN fine. Otherwise stop arrogantly trying to bully contributors to this bb.

I have emailed admin requesting removal of the lying trolls SteveD86 and PAyres.

And on another topic Libero and RK are not the same. Fact. Nice to see Libero expressing enthusiasm for his investment. Too many regulars here all too keen to be negative at first sign of sp fall.

Can we stop focussing on posters and concentrate on BMN.

That’s where you need to send these trolls to.

The abusive responses from some are exactly what the trolls want.just ignore them

I said yesterday that it doesn’t matter whether or not the large seller has finished. At worst they don’t have many left. My own feeling is that they are still selling, judging by some largish trades still going through.

What is more important is the volume of buying is massively up over the last few days with many new investors. Sentiment is on the up ... and that is significant. I don’t know if the sp will be up or down at close ... but who cares. Once the seller is gone ... that’s what everyone needs to look forward to!