Member Info for Pdub

I hope no one is being taken in by the blatant trader talk by the poor trader MEM who by his own admission has made losses but wants in cheaper.

Take notice of this trader at your own risk.

Just my opinion.

In which case you are stupid. Just my opinion.

MEM don’t be such a cry baby.

You decided when to buy. No one forced you. You got your timing wrong. It’s a tough world buying selling shares.

You decided to sell and take the loss. No one forced you.

Don’t blame the rest of the world for your c*ck up. Take responsibility like an adult.

This is a great growth company, as today’s figures demonstrate. If you don’t understand that then perhaps you shouldn’t be buying shares. We won’t mind if you stay away. Others with far more insight will no doubt happily take those shares.

Just my opinion.

Doyzee

A. This was a contractual obligation with BMN

B. Have you actually read this guy’s record? This brings experience and no doubt contacts to a growth company.

So it had to be done and looks like they got a very good guy. These things can be priceless. People here have tried to deramping by saying same old company (Red). Well this is another example that exposes that lie. You should be celebrating.

More importantly the market liked it so again you should be pleased.

Worth reminding the market that Invinity sales of VRFBs will as I understand it be using vanadium and then electrolyte supplied by BMN either through sales or via rental contracts such as the previously announced example between Bushveld and Avalon, now Invinity through the merger with Red.

Thus any Invinity successes are directly beneficial to BMN through vanadium and electrolyte revenue and through increasing value of BMNs 8.7% stake in Invinity.

We need to constantly remind the market if this.

This is important news for BMN so would have liked to see their own RNS. Perhaps later?

Our appointed Director at IES. Looks like he has a decent track record.

“Invinity Energy Systems plc (AIM:IES), manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, is pleased to announce the appointment of Rajat ("Raj'') Kohli as a Non-Executive Director with immediate effect.

Raj joins the Board of Invinity as the nominated director of leading integrated vanadium producer Bushveld Minerals (AIM:BMN) pursuant to the agreement announced between the companies via RNS on 1 November 2019.

Raj has many years' experience in the resources, energy and infrastructure sectors. He began his City career as a mining and metals analyst before becoming Managing Director in HSBC's Resources and Energy Group, Investment Banking in 2000.

Raj joined ArcelorMittal as Co-Head of Mergers & Acquisitions in 2007, returning to banking in 2011, joining Standard Bank as Global Head of Metals and Mining. Since 2015, Raj has provided strategic consulting services to the natural resources sector as Principal of Ptolemy Resource Capital.

Neil O'Brien, Chairman of Invinity Energy Systems said:

"I am delighted to welcome Raj to the Board of Invinity Energy. He joins at an exciting time for the company. We look forward to benefitting from his deep experience and sector expertise as we execute against the vast opportunity in front of us.''

Raj Kohli said:

"I am honoured to be joining the Board of Invinity as the company gears up to commercialise its undoubted technological expertise in the fast-growing energy storage space."

Just don’t expect a blow by blow account of how negotiations are progressing. Not his style but also commercially unwise until deal is done.

For those not sufficiently researched and unaware of my reference to renegotiating a better deal, look no further than the RNS on 23 Oct 2019 updating the Vanchem purchase:

“The Company is pleased to announce that it has renegotiated the consideration payable for the acquisition with the sellers and that the initial conditions to closure of the transaction have been met.

The total consideration has been reduced from US$68 million to US$53.5 million ......

.......The improved terms take into account current market conditions while affirming the medium to long term vanadium market outlook of the Company, which is the natural buyer of Vanchem.”

Our CEO knows what he is doing. If there is a better deal with Enerox there is a very good chance he will nail it.

Fortune has a track record of being a master of good deals for BMN. Trust him. He knows what he is doing. As Alfa has hinted it is quite possible that an even better deal has been negotiated. Am I correct in thinking this happened once before?

Covid19 will have impacted on production a little but as we understand it Vametco is back to full production. Worth remembering though that they have been selling and had a significant stock. Thus revenue has continued.

Doesn’t take much to be positive here in one tries! There is so much to be positive about.

Argh. iPad has mind of its own knuttie. Sorry for typo.

Knottiest no need to apologise. I made a mistake and you were right to point it out. Glad you did and hope damage repaired.

Regards. Pdub

Mogwhy the least I can do is to post a corrected version of that post and request that everyone disregard the earlier offending item.

Avalon and Red were already established players specifically in the VRFB markets. With a great deal of help and investment from BMN they merged to form Invinity, which operates in much more mature renewable energy markets. They are doing exactly what they were meant to do ... sell VRFBs. But that is it.

BE is a totally different animal. It is a subsidiary of the Bushveld group and is an important part of the BMNs strategic plan to form a large low cost vertically integrated vanadium platform. It’s remit goes far beyond just selling VFRBs and in that context is making significant progress. For example involvement in the establishing of electrolyte plant, running the project to test and prove the VRFB at Eskom in association with UET and the IDC (and through that attracting funding), designing and agreeing electrolyte rental contracts with Avalon (now Invinity), investing in existing VRFB companies and facilitating mergers in order to push the whole VRFB industry forward to help create a bigger market for the entire BMN group, and attracting other investors into deals eg Enerox. And of course BE are operating as a force to sell VRFBs only in Africa which is a much less mature energy storage market but which has huge potential for growth. Uniquely BE enjoys the financial protection of being part of the BMN group.

Some have failed to understand this much broader strategy and look only at VRFB sales. I have no doubt in my mind that they will be coming, and in significant numbers, but BMN / BE are focussing on creating the environment where this will be possible in Africa and placing BE in the centre of the action, but also where they are benefitting from companies like Invinity selling elsewhere but using Bushveld vanadium, electrolyte and rental agreements on a global scale.

BE is set to be a very significant beneficiary of the growth in the VRFB industry, but with multiple revenue streams. As MN said this is the purpose of vertical integration. This will not be a one trick pony. Every time Invinity sells a VRFB, BMN / BE make money! And of course may see capital growth in their investment. Brilliant.

Ok Mogwhy thanks for letting me know as that wasn’t clear to me. I do apologise and hope no offence caused.

Hopefully you agree with the remaining content!

Remember that Avalon and Red were not as successful on their own. FM/MN recognised that one obstruction to progress was scale. By facilitating the merger BMN helped to create Invinity which will hope will be a far mire efficient organisation and more competitive, early indications are that this strategy by FM/MN is working, judging by the published sales for Invinity. Sales which directly benefit BE and the Bushveld group.

MN through his role as chair of the Energy Storage Sub Committee of Vanitec will personally know every significant mover and shaker in that industry. That must by invaluable in shaping the company’s strategy going forward. How can anyone place accurately a value on that.

In any long term investing decision look beyond the horizon. That place can be both very exciting ... and very lucrative, as those of us who invested and held in 2013 to 2018 experienced.

Mogwhy quite apart from the blatantly obvious negativity of your post (which really *****s me off when some of us are trying to restore sentiment here) what is the point you are making?

Avalon and Red were already established players specifically in the VRFB markets. With a great deal of help and investment from BMN they merged to form Invinity, which operates in much more mature renewable energy markets. They are doing exactly what they were meant to do ... sell VRFBs. But that is it.

BE is a totally different animal. It is a subsidiary of the Bushveld group and is an important part of the BMNs strategic plan to form a large low cost vertically integrated vanadium platform. It’s remit goes far beyond just selling VFRBs and in that context is making significant progress. For example involvement in the establishing of electrolyte plant, running the project to test and prove the VRFB at Eskom in association with UET and the IDC (and through that attracting funding), designing and agreeing electrolyte rental contracts with Avalon (now Invinity), investing in existing VRFB companies and facilitating mergers in order to push the whole VRFB industry forward to help create a bigger market for the entire BMN group, and attracting other investors into deals eg Enerox. And of course BE are operating as a force to sell VRFBs only in Africa which is a much less mature energy storage market but which has huge potential for growth. Uniquely BE enjoys the financial protection of being part of the BMN group.

Some very short sighted people posting here have completely failed to see or understand this much broader strategy and are attempting to look at only VRFB sales. I have no doubt in my mind that they will be coming, and in significant numbers, but BMN / BE are focussing on creating the environment where this will be possible in Africa and placing BE in the centre of the action, but also where they are benefitting from companies like Invinity selling elsewhere but using Bushveld vanadium, electrolyte and rental agreements on a global scale.

BE is set to be a very significant beneficiary of the growth in the VRFB industry, but with multiple revenue streams. As MN said this is the purpose of vertical integration. This will not be a one trick pony. Every time Invinity sells a VRFB, BMN / BE make money! And of course may see capital growth in their investment. Brilliant.

So Mogwhy if you or others wish to try to be negative about BE all that tells me is that you are not sufficiently well researched to understand what the big picture really is. Stick to comparing apples and oranges if you wish ... I intend to enjoy the fruits of my investment here (cancer permitting of course).

I referred earlier to building blocks. Consider what BE are putting together. Summarised nicely by MN in November with regard to multiple revenue streams even from a single project and even in jurisdictions where they are not supplying the VRFBs:

“Now I want to be honest we are not going to develop every single vanadium project every vanadium battery project in the world but if it's in Africa then it's extremely active. If it's somewhere in let's say Australia yes we are probably not involved in the development, but we may be supplying vanadium, electrolyte, possibly having equity stake into the company that invested there. Possibly having a stake into the rental product company that is supplying electrolyte for rental. So there's a lot of different ways and it can be extremely active. I don't know who is getting 6 ways to make money on one project. To some there might be only 2 or 3. But in either case it's more than just vanadium and that's what integration allows us to do."

Our thanks once again.

I note some blatant lies are being told about Bushveld Energy by a new A/C holder tonight.

In my opinion this a poster banned from LSE for abuse, lying, misleading posts etc. and now sneaking in after hours in a typically dishonest way using a new identity, with the sole purpose of damaging your investment and therefore robbing you of your hard earned money. This poster has repeated this dishonest activity over and over again and will no doubt will be removed by admin over or after the weekend. Pay attention to this character at your peril.

It is important to note that Bushveld Energy is a wholly owned subsidiary of Bushveld Minerals. Thus any activity within the Bushveld Group that relates to energy storage comes under the Bushveld Energy remit, as can be witnessed in the Quarterly Update RNSs. Thus CEO Mikhail Nikomarov will either be involved with and / or driving these developments.

The Bushveld group have been through a period of putting into place the building blocks for the future developments of the group, and this is particularly true of the BE subsidiary where there are some very tangible developments.

People might like to do some proper research into these achievements by Bushveld Energy.

... for the support last night and today. Very much appreciated !!!

Chemo was tough but no mishaps. Home for a rest.

Have a great weekend everyone.

Kind Regards. Paul