Member Info for Pdub

Evidently I see you are being very persistent with this question of geographical reach by BMN. I have been invested here for some 6 1/2 years and consider myself reasonably knowledgable about the company. In my opinion no one can definitively answer the question that you keep asking. However I will try to shed some light on this and hope that you then have enough information to be satisfied.

BMN’s global reach is and always will be as a supplier of vanadium and eventually perhaps vanadium chemicals and electrolyte. They will also have a global impact through their investments via the VIP platform (as we have already seen with Enerox, Avalon and Red), though I don’t believe at this tome that it is their plan to takeover any of these companies. As far as BE projects are concerned it is no secret that the focus will be on projects in South Africa and elsewhere across the African continent.

I offer you this quote from the same interview as I referenced earlier in the evening. Read it carefully as it is from FM / MN and clearly outlines their vision:

“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 attractive. 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 attractive. 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."

Perhaps that quote more than any other that I am aware of indicates exactly where BMN intend to operate.

If you are still not satisfied then I suggest that rather than asking others to give you the benefit of their hours and hours of research you do some yourself and feed that back to us.

Hope that helps.

(The interview was in November 2019)

Evidently I see you are being very persistent with this question of geographical reach by BMN. I have been invested here for some 6 1/2 years and consider myself reasonably knowledgable about the company. In my opinion no one can definitively answer the question that you keep asking. However I will try to shed some light on this and hope that you then have enough information to be satisfied.

BMN’s global reach is and always will be as a supplier of vanadium and eventually perhaps vanadium chemicals and electrolyte. They will also have a global impact through their investments via the VIP platform (as we have already seen with Enerox, Avalon and Red), though I don’t believe at this tome that it is their plan to takeover any of these companies. As far as BE projects are concerned it is no secret that the focus will be on projects in South Africa and elsewhere across the African continent.

I offer you this quote from the same interview as I referenced earlier in the evening. Read it carefully as it is from FM / MN and clearly outlines their vision:

“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 attractive. 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 attractive. 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."

Perhaps that quote more than any other that I am aware of indicates exactly where BMN intend to operate.

If you are still not satisfied then I suggest that rather than asking others to give you the benefit of their hours and hours of research you do some yourself and feed that back to us.

Hope that helps.

(The interview was in November 2019)

Evidently I firmly believe it is best to listen to what the CEOs say rather than speculate. We know that BMN is a significant miner and processor of vanadium. To continue downstream to vertical integration here is what they said in an interview in November about Bushveld Energy. It is fairly clear what their goals are.

““Bushveld Energy, you get a lot of coverage online for your expertise, so I hope that you can share some of that with us today. Can you tell us again, just a little summary of what BE is and what you think it can become in the context of BMN?”

MN “Sure, I think what it can become is something even larger than what we are doing on the mining side, I’m not going to put a timeline on that, but in terms of upside that is possible. But that is where the market is going. It is just a question of how we get there. In terms of what BE does itself, think of it as three verticals, one is around electrolyte that is a specific type of vanadium chemical, it’s the piece that stores energy within the batteries. We are building a facility in East London. We are doing it together with the IDC, we’ve got our environmental approvals clearance in September, we just went out to tender for the construction of the facility there."

"The second thing that we are doing in the electrolyte is that we’ve created a rental product where we’ve taken advantage of the fact that the (electrolyte) doesn’t degrade through use in the battery, it can be fully recovered to be deployed in another battery or converted very cheaply into Ferrovanadium again. So that is the second thing that is going to be more of a financial product.
The second part within what BE does is around manufacturing. We envision there being a facility in SA for assembly of VRFB’s as the market grows. More recently what we’ve started doing is work with the vanadium battery original equipment manufacturers. There is a number of ways with which we work with them, one of the things we’ve announced is investment and I can talk about that further. We definitely feel that these companies – there are some good ones out there, and they are going to generate a lot of upside in their value as the stationary storage market grows, and as we see this trend towards longer duration where our technology is a lot more powerful.

The last piece is around deployments, so we do project development. We’ve got a team that looks to deploy energy storage sometimes coupled together with renewable energy, sometimes on it’s own. And really, that’s quite an exciting opportunity, especially on our continent where the need for energy is very high, but the provision of it is very unreliable.”

Olderandwiser if as you say every bb has someone claiming “one seller”or “wicked MMs” and that you don’t buy it, do you have absolute proof that in every case they are wrong? Of course you don’t. Surely it would be foolish for someone as old and wise as you to discount such possibilities?

In my opinion there have been numerous occasions where the BMN sp movements do not reflect the buy / sell patterns, even allowing for later disclosed delayed trades.

It would be very naive to believe that mms with the power they have to determine market prices are so squeaky clean that they don’t abuse that power from time to time !!!

Alto at a glance I think you need to check your maths, but haven’t looked carefully.

What I do know is that if you only consider the price and ignore the value you completely miss the point.

BMN have secured a stake in what will be a very important company in the VRFB space, operating in the US and European markets. They have secured a test bed for the rental agreement model. They have secured the right to supply vanadium for two years (and beyond if they maintain 5% interest in company). And of course BMN will gain further exposure through this investment.

Looking at a share price in the middle of a global pandemic that has trashed financial markets is rather pointless unless the value of the investment into the future and post Covid-19 is fully understood.

This looks like a great deal for all parties.

Just my opinion.

date.
"Invinity starts its journey with a strong project pipeline already in place, one which it plans to grow even more in the future. Despite the global impact of the Covid-19 pandemic, the fundamental need for long duration energy storage to support the energy transition has not changed. The benefit to Bushveld of supporting this downstream vanadium-based industry is already becoming clear, and Bushveld continues to support the growth and its participation in the energy storage industry

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer, which owns high-grade vanadium assets in South Africa ("Bushveld"), notes that redT energy plc ("redT") has today received shareholder approval for its proposed merger with Avalon Battery Corporation ("Avalon") (the "Merger"). The merged entity will be named Invinity Energy Systems plc ("Invinity"). Bushveld entered into a Joint Venture agreement with redT on 9 March 2020 to form a Vanadium Financing Partnership to supply vanadium electrolyte to be used in third party-owned Vanadium Redox Flow Batteries ("VRFBs") projects developed by redT. The Joint Venture agreement will be transferred to Invinity.

· The Merger will create a leading player in the growing energy storage market with a presence in North America, Europe, sub-Saharan Africa and Asia.

· Invinity is expected to have strong competitive advantages, gain financial stability and form a base for rapid future growth.

· Invinity will be able to offer a VRFB that competes effectively against other energy storage technologies.

On 1 November 2019, Bushveld announced it had agreed to support the Merger with funding of US$5 million through a convertible loan to Avalon. In accordance with the terms of the convertible loan, on successful completion of the Merger the loan will convert into shares in Invinity. The previously provided US$5 million loan (together with the accrued interest and commitment fee) has been converted into 302,978,063 Ordinary Shares at a price of 1.65 pence in Invinity, representing up to 8.71 per cent of Invinity. The shares issued to Bushveld are not subject to a lock-in arrangement.

In addition to the funding from Bushveld, Invinity has raised £7.9 million through an equity placing at 1.65 pence per share.

Under the agreement, following the completion of the Merger, Bushveld has a right to nominate a director to the Board of Invinity, subject to Bushveld retaining at least 5 per cent of the issued share capital of Invinity. The nomination of a director will be done in due course. Bushveld will retain that right after one year provided it beneficially owns at least 10 per cent of Invinity. In addition, for so long as Bushveld beneficially owns at least 20 per cent. of Invinity, it shall have a right to nominate two members of the board of Invinity.

The investment is in line with Bushveld's strategy of partnering with VRFB companies and part of the VRFB Investment Platform ("VIP"), as announced on 1 November 2019.



Fortune Mojapelo, CEO of Bushveld Minerals Limited, commented:

"At only a few months old, our VRFB Investment Platform is already gathering momentum on the back of the investments made to date.

Chish you have described ‘normal’ market conditions on AIM (eg falling sp can buy cant sell) and I don’t disagree. However, and I would be very surprised if you haven’t noticed this, quite often with BMN as the sp drops but one still can’t buy any quantity. That is not a ‘normal’ market scenario yet it happens here. Hence the justified concerns here about sp manipulation.

Hi Paul150. Thanks for your response.

The difference in our figures is because you have used arrivals in the US. I used the dates that vanadium was shipped from SA. Hope that helps.

ps: I notice there is a very cheap imitation cluttering the bb. Don't buy it. Never as good as the real thing!

These figures from Paludina's shipment logs on The Bushveld Perspective website:

Q4 2019: 475 mtV shipped from SA to US
Q1 2020: 212 mtV shipped from SA to US so far.

In Q4 we know from RNS update that Vametco produced 207 mtV more than they sold and that over the course of 2019 the excess of production over sales was 441mtV. Thus at the end of 2019 Vametco had a very significant stockpile of market ready vanadium.

If we assume that production continued through most of Q1 2020 at a similar rate, and that produced a significant excess over sales (and the shipments to US referred to above seem to indicate this) then the stockpile of vanadium has grown even larger. Therefore it is quite likely that BMN could continue selling vanadium for some months, even with zero production. That assumes that movement of goods to ports for export is allowed.

And that does not even factor in the significant production from Vanchem!

Remember that Covid-19 is affecting every company, country, continent, share price, investor, trader and TROLL around the world. The way the lowlifes talk you would think only BMN sp has been hit. Not so.

What is most important is how robust is the company in terms of weathering the financial turmoil. It seems to me that BMN is well placed to survive, with cash in the bank, a significant stock of product, costs in Rand but revenue in US$ and an excellent BoD. I certainly do not underestimate the challenges facing every economy but good companies should emerge leaner and stronger in the post Covid-19 era.

Climate change isn't going away so the move to renewables and energy storage will continue. That market I expect to grow rapidly as we are all waking up to the reality of global threats.

Finally SA will need all the foreign exchange it can get, and BMN is one of the companies generating US$ from its sales. The Government will surely be aware of this!

Of course much of the above is just my opinion. DYOR.

Can we all use the report button please. It does work. Certainly did last night.

However looks like said unpleasant character is desperate to distress people already seeing their investment drop as a result of this global pandemic that has affected every market, and has re registered already (just my opinion) What a sc*mbag.

Can we all use the report button please. It does work.

Delano the point I am making is that the current global crisis is hitting a huge number of shares very hard eg BP down over last 12 months around 59%, Easyjet down around 60% over similar period. These dramatic sp movements are across the board. It's a bit pointless singling out BMN.

Far more relevant to concentrate on future potential now that the sp is already very low. In the resources sector Largo and SOLG have seen similar falls over last 12 months. BMN can't control these external factors. Thank goodness they are so good at what they can control ... growing the business.

Delano interesting that you focus on year on year March numbers just for the one year out of the last 4 that the sp change was negative. Let's add those missing numbers just for balance Delano.

March 2016 .... 2.275p
March 2017 .... 8.05p .... +254%
March 2018 .... 12p .... +49%
March 2019 .... 39p .... +225%

That is a remarkable record for a company that at the beginning of 2017 had no revenue, yet now owns 2 of the 4 primary vanadium producing plants outside of China.

It can't be ignored that in March 2020 the sp is a lot lower than in March 2019, but it took a significant drop in global vanadium prices, a global pandemic and some shorting if the stock to drive this. In other words factors beyond the company's control. In the meantime the company has progressed its expansion plans and is actively developing the energy storage business.

What should be of interest to every investor is where the sp will be by March 2021 (or choose your own time target) when hopefully Covid-19 is under control, the world economy is recovering, vanadium prices on the up and BE contracts being delivered.

I don't do sp forecasts but I wonder what others think if all of the above goes well?

I think I have wasted enough of my time and everyone else's on coffeecups. Back to the bin for you.

Filtered.

Coffeecups my online name has only 4 letters. You cant even spell that correctly. There is little evidence that you have sufficient ability to provide this bb with any sensible analysis of the global economy.

You rant on about cheap oil but don't have a clue about the huge push to replace hydrocarbons with renewable energy and battery storage. Such ignorance is quite astonishing.

Then there is your pathetic deramp with regard to Covid-19, again showing little understanding that this is affecting every company,every country, every continent, every investor and .... every TROLL! Attempting to single out BMN with this first shows how little you seem to understand and second what sort of person you are (just in case anyone here has been rather slow to work that out).

The world will go on, business and industry will recover and BMN is going to be very well placed to play a major roll in the vanadium and energy storage space.

And a little naughty of you to imply that BMN is dependent only on ESKOM (though contracts with the largest ulility in Africa would certainly be lucrative for the company).

Presumably an oversight on your part to not mention the links BE is forging with companies operating in Europe and US.

Oh I can assure I got the point Coffeecups. Hardly difficult when your trolling is so obvious.

You appear to have missed my point that the sp performance of BMN and Largo are broadly similar. Doesn't quite fit your agenda but facts are facts.

Really does demonstrate just what an unpleasant character you are, still trolling this bb in these times of great uncertainty for all investors.

Coffeecups I have no idea what the purpose of your post is, though I doubt it is intended to help BMN shareholders, given your posting history.

However as a matter of interest I have just compared the sp of BMN and Largo. In turns out that since the peak of both share prices in November 2018 both have fallen by an almost identical %. Clearly circumstances beyond the control of both companies have led to similar sp response.

Can't speak for Largo but I am sure you would agree that it is good to know that BMN is such a well managed company with healthy finances and is very well positioned to weather the storm.