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Talk sense please Alwaysone.

On Friday someone posted that the market was not keen on further spending on vanadium battery platforms. I thought that was not at all correct and suggested that in my opinion the sp movement was due to one or more large sellers. Today we have proof that the sp drop has been caused by VanEck dumping a large quantity of shares onto the market. That kind of activity would impact any low volume share.

Hope lots of you are taking full advantage of this temporary drop. I can't as my pension simply won't stretch that far but would be very happy to see my fellow shareholders grab some bargains. It would not be unreasonable to expect a nice bounce in the sp once VanEck have finished, and that shouldn't be long now with most of their holding already disposed of.

Hopefully then the bb can go back to discussing the real activities of the company!

Just my opinion.

Quertyquerty why do say that? All the evidence points to growing pressure for energy storage. BMN / BE are perfectly positioned to take advantage of this and are being very proactive in pushing the industry forward. I totally disagree with your conclusion as all the evidence points to an increase in pace for the VRFB industry. Yes things paused in 2018 due to very high V prices but more reasonable V prices must now be impacting on the viability of VRFBs.

So why are you so pessimistic about the future? What evidence draws you to that conclusion?

"... here ..."

Thanks for that VauxhallViva. It seems to confirm my opinion that VFRB technology is going to be adopted at a greater rate than some hear have suggested. Pressure to tackle climate change will only accelerate the uptake of stationary battery storage and BMN / BE should be major beneficiaries from the growth of this industry.

Good to know getbusy. Great feeling to be out of hospital.

Regards. Paul.

Ok doesn't like the link the missing part is d I r e c t o r s t a l k but without the spaces.

https://www.d I r e c t o r s t a l k.net/south-africa-investment-conference-official-opening/

I believe this is what you are referring to HaleSpur.

In case anyone is concerned that SA politicians are not aware of Fortune Mojapelo, BMN / BE and Vanadium you clearly haven't seen this video of the opening of the South Africa Investment Conference 2018. Please click the link below and watch now!

You don't need to view the entire 1hr 36 mins 26 secs but that wouldn't be a bad idea. The first hour includes an opening speech by Cyril Ramaphosa followed by an on stage panel debate.

If you wish to skip that go to 1.04.20. At that point you will see an almost empty stage occupied only by the presenter. She begins this section by inviting forward the named CEOs of companies that have already pledged investment in SA over next 5 years. There are 10 names on the list and Fortune Mojapelo was fourth. Remember Cyril Ramaphosa is watching and listening to all this! The President is invited on stage and is seated behind each speaker no pressure there!

Each representative has 1 minute to tell their story, their contribution and why they believe in South Africa. If you just want to only watch Fortune go to 01.14.10.

https://www.*************.net/south-africa-investment-conference-official-opening/

At the end of his speech he shakes Ramaphosa's hand and receives an appreciative pat on the shoulder .... from the President of South Africa. I think it is fair to say that BMN are definitely known to the politicians and have been for some time!

Now if there is anyone here that still thinks that BMN are not in a very strong position to gain contracts from Eskom or other SA opportunities then do please explain.

I know this old news (though still very significant) but clearly some either haven't seen it or have forgotten about it.

Just my opinion.

Apologies for double post.

Daisan I don't think BMN would even consider FAR. From their Interim RNS H1 revenue from vanadium sales $1.7 million and a net loss!

On the mining front BMN have far bigger fish to fry expanding Vametco, updating and refurbishing kilns at Vanchem and bringing Brits and Mokopane into production. Do they really need any more in ground vanadium resources? And in Kazakhstan?

Daisan I don't think BMN would even consider FAR. From their Interim RNS H1 revenue from vanadium sales $1.7 million and a net loss!

On the mining front BMN have far bigger fish to fry expanding Vametco, updating and refurbishing kilns at Vanchem and bringing Brits and Mokopane into production. Do they really need any more in ground vanadium resources? And in Kazakhstan?

Berserker one further point. I agree with your scepticism re broker targets but they are interesting as they indicate what the brokers are thinking. But that wasn't why I included a reference to them in my 22.04 post.

I was actually drawing attention to the factors they have used to establish those targets. In other words as far as I can tell they are not yet assigning significant value to BE, and therefore one could draw the conclusion that, like me, they would see the current sp as being entirely supported by vanadium sales to the steel industry.

Hope that helps.

Well I can see why you might think that. It's not often that AIM produces such a success story. But this is real.

Let me give you one good reason why I have remained positive for so long. The Profs Viljoen are I believe top experts on the geology of the Bushveld Complex. These guys have been around for a long time and have previously been involved with monitorising resource projects very successfully. They are no fools yet years ago they teamed up with Fortune and Anthony. They simply would not do that if they hadn't the utmost confidence in the ability of FM to deliver. What's good enough for them is good enough for me.

At a show in London in 2014 I had the privilege of having a long chat with FM and one of the Profs and I saw for myself the mutual respect the two men had for each other. I had the pleasure of being complimented on my knowledge of the geology of the Bushveld which he said was unusual for a pi (I have a BSc in Geology). So I not only rely on my judgement of Fortune but know that he has the full support of the Profs Viljoen, experts in the relevant field.

In addition I have met most of the original BoD and that is another factor in my support for the company. And as I have said many times I look to invest in the management. I was amused to read that BMN / BE are also investmenting in the management of their partner companies, a policy that I naturally fully support.

Why is all this important? Because I know that the management team are talented and fully capable of delivering on their plans, as we have seen already. And if things do go wrong or take an unexpected turn they are more likely to be able to react effectively. In fact their entire strategy of creating a large low cost vertically integrated vanadium platform is partly designed to hedge against volatile V prices and thus protect the interests of the business and its shareholders.

No investment is 100% safe (premium bonds perhaps?) but if one is to make risky investments on markets like AIM then at the moment I cannot think of a more secure home for that money than BMN and some of the reasons for that opinion have been stated above.

Berserker please don't insult me by calling me an optimist in the context of BMN. The implication that my position here here is one of fluffy blind faith and lack of understanding of the risks is frankly insulting. I suggest you might like to choose your words more carefully in future.

My knowledge of the BoD, the assets and the V market plus six years of investment experience with BMN are the driving forces behind my strongly positive position. That is nothing to do with optimism.

And don't kid yourself that I don't understand the risks or that I have not protected myself against them!

I am puzzled that you describe yourself as a pessimist. Perhaps you are not a very good one! After all what pessimist would a) invest in AIM, one of the riskiest (and possibly corrupt) exchanges b) invest in the resources sector (possibly the riskiest sector) and c) place their trust in the BoD of that company?

Ok so just having a bit of fun there but you are right to be cautious ... it's your money. But somtimes you have to take risks if you want to make money. Those risks are best mitigated by learning all you can about your investment. That is what I have done here.

Berserker I am happy to be corrected but yes I do think the majority of the money in BMN is invested on the back of hard cash and profit made so far at Vametco by selling to the steel market.

I am also happy to be corrected but it is my understanding that the valuations by our brokers also focus on the cash made from Vametco selling to the steel market.

Bushveld Energy is the very exciting future but has yet to see any real value. Perhaps that is fair enough as it produces no revenue ... YET! And with all the activity going on at BE I don't think it will be a one trick pony do you? I anticipate numerous revenue streams and not just from SA. The BESS tender is obviously important (though why you think nothing will come of it I don't know). But there are going to be many other significant energy storage opportunities out there. Do we really need to frighten off potential investors by misleading them to think everything hangs on this deal or that deal? It just simply is not true.

In my opinion you are correct that the "monster" value may lie in BE. We know that but I truly believe the market doesn't yet get it. Thus that value is not included in the current share price. I will leave the last word on this to Fortune Mojapelo, CEO of BMN, from August interview:

"So we have to appreciate that it's not the most straightforward story and it's one which I think the market will only fully appreciate as we deliver very granular initiatives such as the electrolyte plant and we start to produce electrolyte, we deliver the electrolyte rental contracts and the market can see how that works and how it translates into value. As we deliver deployments of VRFBs and as we demonstrate what sort of partnerships we are going to do with VRFB manufacturers. So I can understand why the story is not yet fully understood or appreciated but I think it's only a matter of time."

All just my opinion

Lucan I dont think today's sp movement has anything to do with what you suggest.

For whatever reason there appears to have been one or more large sellers and that has impacted the sp. Whether shorting is involved I have no idea nor do I particularly care. All I know is the company is making relentless progress on its stated ambitions to develop the VRFB market and to become a large low cost vertically integrated vanadium platform. And I like that!

And lo and behold a 6 million sell turns up as if to prove the point. I rest my case.

Good luck Derek.

Take one day at a time and enjoy every precious moment with your loved ones. Take nothing for granted but stay positive and do everything you can to win this battle.

If it helps this is my philosophy. I can't control whether or not my cancer comes back but I can control my attitude to life and what I do with my time. That is what I focus on and it helps me stay positive.

Regards. Paul.

Getbusy so sorry to read about your cancer diagnosis. I hope the treatment and surgery was bearable. From experience I know how fantastic the surgeons and medical staff can be at dealing with cancer. After a month in hospital I expect you are very keen to get home to spend Christmas with the family and what a great present for all of you. Enjoy every minute of it.

I am not a religious man but if I was I would say a prayer for you. Instead I send you my best wishes and hope you achieve a full recovery. Try to stay positive ... it makes a big difference. Most important don't worry about shares as hopefully they will take care of themselves.

Please give the bb regular updates of your progress. People here really are very supportive.

Kind regards to you and your wife. Paul

I was about to post this before the temporary interruption.

Excellent posts Alfa.

Just to extend the discussion I am quite sure that many AIM resources companies would love to have got even as far as acquiring a 'Vametco' type of asset, but most never will and if they did would probably sit back and enjoy their fat salaries. Fortune on the other hand took no pay rises I believe for three years, and once his target acquisition had been achieved continued to drive the company forward at pace and used the profits of the Vametco plant to help fund this.

However he didn't stop there! FM and MN are now helping to shape the very industry they operate in. These guys are not followers they are leaders and innovators who are working hard to push VRFBs forward.

We are so lucky to have these guys at the top.

I do empathise with those who are underwater. It's not nice and have been there myself. All I can suggest is what I did. If you believe in the BoD and the Vanadium / VRFB story then try not to focus on the short term sp (and it is frustrating, on that we can all agree) but pay lots of attention to what the company are doing. Much of the time they are ahead of the game but sooner or later markets will catch up. I find it a very exciting story.

All just my opinion.

That's what we have at BMN in my opinion.

Quality Management - absolutely critical reason for my long term investment here.
Quality Resources - and I am sure we owe a lot to the Viljoen twins in identifying these assets.
Quality Business Plan - this just gets better each year. Production plant acquisition, Second production plant acquisition, Creation of Bushveld Energy and access to second market for vanadium, Contracts with other companies in the vanadium space to help drive the energy storage market, etc etc.

We are very lucky to have invested in a company where the BoD actually delivers on its promises. Surely anyone with some understanding of this company would have to acknowledge that the future looks very exciting. As the energy storage side takes off the full benefit of the low cost vertically integrated vanadium platform will begin to be seen as the company benefits from both high and low V prices, through sales to the steel industry and energy storage respectively. A great hedge against fluctuating V prices and 2019 has been a year where many of the building blocks are being put in place.

There will always be those without the vision to see this and will focus solely on the short term share price. It is sad that some of them choose to vent there frustration by targeting well informed supporters of this excellent company. A pity that this wasted energy isn't used more constructively either by learning more about BMN or selling up and chasing their dreams elsewhere.

Those who have been here long enough have seen similar negativity on the bb back in 2015 / 2016. That was just before the sp rose from 1.3p to where it sits today. People like myself attracted abuse from unsavoury characters for being positive about BMN's future, just like we do today. But we were right then and I am confident that we are right now. Time will tell.

Of course this is all just my opinion.