Member Info for Pdub

This is a company that refuses to dance to the tune of the get rich quick street boys that crawl around AIM.

Good. Like many invested here I want the long term wealth creation that the company are building, personal circumstances excepted.

Fortune continue what you are good at. (Although a few more operational RNSs wouldn’t go amiss!)

What a load of tosh.

Deliberately trying to rumour monger. Tread carefully.

Someone posted that link on Tecan bb. Looks like mick-b just copied it here. I doubt if he even read it properly and if he did then probably didn’t understand all the ifs, buts and maybe’s in the article, which by the way compares to lithium. Probably doesn’t even understand that BMN is involved in VFRBs.

Just another disruptive trader trying to be clever. Best ignored.

SCoutS calm down. You are ranting. If you are in the sun get some shade.

SCoutS I note the report was written by four scientists at Imperial College in 2018. That corresponded to the spike in V prices when they were 4 times higher than today. Can you tell me where in that article they have recognised this huge reduction in raw material costs, which are a significant part of overall VRFB costs?

Also since that article was written, Avalon (a company you seemed completely dismissive of) and BMN (whose CEO you have patronisingly called biased) developed the electrolyte rental model which significantly reduces upfront capital costs of VRFBs and deals with the issue of V price volatility. Could you direct me to the point in the article where this has been taken into account? I can’t find it and this would be a serious omission.

Interestingly I did find this quote, even allowing for the above issues with the relevance if the article:

“air.”

“For applications with greater duration and cycle requirements, vanadium redox flow stays competitive..”

I see on this bb that there are one or two working hard to cast doubt on the effectiveness and / or competitiveness of VRFBs compared to lithium-ion batteries. Perhaps the best people to listen too on this are folks that actually know what they are talking about. The extract below is from an interview with Mikhail Nikomarov (CEO of Bushveld Energy and Chair of the Energy Storage Committee of Vanitec, and Fortune Mojapelo (CEO of Bushveld Minerals, a company heavily involved in Vanadium production and driving forward the energy storage industry through investments in companies like IES). MN and FM were interviewed on 10.10 2019.

MN: “I think that when you think about lithium ion and then the flow battery the difference is do you need power or do you need energy? Use the comparison of a car. In a car the motor gives you the horse power - how fast can you go, how much tork can you generate. But it's the gas tank that tells you how far you can go at that speed with that power. And the flow battery once you add in energy you have a 4 hour battery, 6 hour battery, 8 hour battery, it becomes extremely cost competitive to lithium even despite the cost decreases that lithium has seen. So if you are looking for 15 minutes of storage, 30 minutes of storage, even just an hour, you go and you buy a lithium ion battery. That's why they are so successful in the US where historically you've only had a market for frequency control and other types of ancillary services

However as the trend is moving to long duration where you need capacity support multiple things for a battery to do. Deferral of transmission investment, distribution investment. This is where the flow battery becomes extremely attractive, and one other benefit that I would add is the V battery doesn't degrade. So if you are using it every single day the capacity you have in one year, ten years, twenty years is basically the same. Whereas for a lithium battery you will have very quick degradation, and getting it to last beyond 10 years or getting it to use it much more than once per day is going to be very difficult. So once you've got these use cases of long duration, fairly frequent use the technology becomes not only compelling but extremely attractive."

FM: "By some estimates 90% of stationary energy storage applications by 2027 will be of a long duration nature which really plays to the strengths of VRFBs."

Rather than listen to disruptive pi’s with hidden motives it is better to seek the opinions of people that actually know what they are talking about.

Just my opinion of course

Reteps I agree. I have had enough of this individual. Years of moaning.

Into the bin.

If that comment was addressed at me Daisydog our resident idiot deramper then you are a bigger fool than I thought.

Grow up you child.

By the way I noticed that the sellers appear to have made their moves around 8.50 onwards.

What time did the negative posters start up?

Daisydog a simple question for you. Why do you so often appear to be talking your own investment down? Why are you so often at the centre of negativity?

Please don’t dodge the questions. Just honest answers for an honest investor like myself. You see I can’t understand your logic. It simply defies all common sense to spread negativity about your own investment, especially when the company is as good as BMN.

... even £80 on HL for last 15 minutes. Read into that what you will.

Apologies to Pat48 and all for double post. Not sure why that happened.

Pat48 I think that you have missed the point slightly. I am sure that you would have written the same back before Covid19 when BMN shares were 20p +. The drop was caused by Covid19.

I know of several useless exploration companies that have bounced back to pre Covid19 levels and even beyond..

We know that this great company has continued selling vanadium products and by now may be at or near 100% production.

Therefore, putting aside the clearly seen manipulation going on, BMN must soon bounce back to at least pre Covid19 levels, with or without the factors you refer to.

That is all people are saying and I think they are spot on. Increasing V prices and BE contracts should take us way beyond those levels.

Can’t believe how undervalued this company is.

Just my opinion.

I also disagree about little interest in BMN the miner and producer. Look at all the buying that has occurred despite the large ‘sells’ that mysteriously appear to attempt to dampen the sp.

I think sentiment is much stronger than some here want to kid us all into believing.

Pat48 I think that you have missed the point slightly. I am sure that you would have written the same back before Covid19 when BMN shares were 20p +. The drop was caused by Covid19.

I know of several useless exploration companies that have bounced back to pre Covid19 levels and even beyond..

We know that this great company has continued selling vanadium products and by now may be at or near 100% production.

Therefore, putting aside the clearly seen manipulation going on, BMN must soon bounce back to at least pre Covid19 levels, with or without the factors you refer to.

That is all people are saying and I think they are spot on. Increasing V prices and BE contracts should take us way beyond those levels.

Can’t believe how undervalued this company is.

Just my opinion.

A few facts:

BMN has always operated in South Africa ... even when Zuma was in charge. Sp reached 48p then. Being in South Africa will not stop the sp rising.

Corruption has always been an issue in that country ..... even when sp reached 48p. New President seems more keen to stamp it out so situation is likely to have improved. So corruption can’t be used as an excuse to stop sp rising.

BMN was on AIM when sp rose to 48 p so being on AIM doesn’t stop sp rising. No excuse there.

Of course Fortune Mojapelo cares about the share price. It is idiotic if anyone to suggest otherwise. However he is a responsible and wise CEO and knows that he needs to focus on building the business as his first priority. That is the best way to provide long term sustainable value for shareholders.

We would all like to be on FTSE and JSE. Fortune will no doubt have good reasons for having this on hold but hopefully this year for JSE. Not sure how Covid19 affects that of course. No one here knows his thoughts on FTSE.

There are numerous things that could send sp northwards as I would think most intelligent investors that are familiar with this company would regard it as significantly undervalued. BE contracts, rising V price, etc. We do seem to be plagued with a vile form of share price manipulation. It therefore surprises me that some posters, who no doubt in other contexts are wise and sensible, can’t seem to understand the very very simple idea that we need buyers and positive sentiment would go a long way to helping with that.

It surely cannot be hard to understand my complete mistrust of those who continually post negative rants about this that and the other, thus damaging the very sentiment needed to help support the sp of their own (apparent) investment. This crazy behaviour screams either risk aversion, complete idiot or sneaky g*t with dodgy motives.

Only you lovely people will know which of those badges you should be wearing with honour.

Some may have noticed that I have become less than polite and patient with those that would accidentally or deliberately harm sentiment in my investment. With time not on my side you are correct ... I have no time for the petty whinings on this bb. I can’t imagine how some of you would handle really serious issues that we all have to face at some point in our lives.

Be grateful that this talented management team is focussed on all the right things. Whatever people may think they cannot control the sp.

Good grief Drifter. What would you be like in a crisis?

Unbelievable negativity.

Sorry but I must now filter this nonsense from you..

BB project forward in time a little.

BMN on FTSE andJSE. VRFB and electrolyte contracts flowing in. V price up. Profits rising. Dividend payment likely. V production up. Etc.

Now tell me that a derisory offer still looks attractive to you.

And don’t tell me this can’t happen. It is all part of BMNs vision moving forward and so far they have a good record on delivering the substantial parts of that vision.

Just food for thought.

Daisydog the only thing that your post tells me is that you clearly have no understanding of Fortune Mojapelo!

“sweeten the deal for the BoD” haha.

This is his life’s work. He won’t be giving it away.

Let’s hope so gambit. Disgraceful example of a human being.