Member Info for Pdub

Expert don't be such a cheeky idiot.

For your education the energy storage market will be huge. There is plenty of space for a variety of successful technologies, in much the same way that production of renewable energy generation has room for wing, solar, biomass, hydro, tidal, wave, etc. I have never said anything different.

And there will be space for a number of companies in the VRFB space. I have never said anything different! Will BMN be one of the best companies in that vanadium space? There is a very good chance that will be the case. Will BMN become the largest low cost vertically integrated vanadium play in the world? In my opinion quite possibly.

As I probably know a lot more about this company and the vanadium space than you do I think I will trust my judgement and not that of some self appointed misery guts like yourself.

Not a question of my rose tinted glasses. More a case of your blindness to the real prospects for BMN. Still you can lead a horse to water etc...

Now kindly stop trying to antagonise me (and everyone else). Leave my name out if your trolling.

Just to place today's IMM huge share price jump into some sort of context, 2 years ago the share price was about 100p. It finished today around 29p, so even after today's impressive rise anyone who invested 2 years ago would still be down over 70%.

For comparison if you bought into BMN 2 years ago the sp was about 8p so today you would be up nearly 200%.

Haha. Touched a nerve I see. Good. Might provoke you into thinking about your responses.

And a point of order. Your original post included 'a certain few' leaving it open as to who that meant, and that was my invitation to respond. Now I suggest you focus on BMN and not fellow posters. Do you have anything positive to add about the company this bb is meant to be discussing? I would certainly welcome that change of emphasis from you.

Exactly fizzydrink. By your own admission you targeted Alfa. That is why you received a hostile reaction from others. Think about it. You created that situation. Stop complaining.

Fizzydrink take a look at your own comment. It is critical, negative and targets other posters. I am not in the least surprised if posts like that receive a hostile reaction. That approach would most likely be unwelcome in any context, never mind an online chat board.

The vast majority of posters respect the fact that people have their savings invested here. Sadly some posters don't care about that and their hostile style of posting creates a reaction. Hardly surprising I am sure you would agree.

Many contributors have a very positive view of BMN, and given the track record of the company that is very understandable. Those that choose to post negatively, and quite often in a very antagonistic manner, should expect to have those opinions questioned.

This is a very well informed bb and a very good starting point for those considering investing in BMN.

As always just my opinion.

Interesting analyst comments Bella. Some of course are specialists in certain fields. John Meyer for example is a Mining Analyst. Energy Storage probably takes him slightly beyond his comfort zone.

Bella that point was highlighted by Fortune in the 10.08.2019 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."

Only a matter of time!

So do investors wait for confirmation of the story (sales, revenue, etc from BE) or get in early before this story is widely known?

Those that invested in BMN the mining explorer, before the Vametco acquisition and revenue, are now sitting on very large profits. Now I can't say this with any degree of certainty but perhaps the present share price offers a similar opportunity for investors. With that in mind I pulled out of my last AIM oil junior a few weeks ago (hooray !) and added that to my investment here.

Just my opinion.

Regards. Pdub.

How high could the BMN share price rise? Well clearly no one has a definitive answer to that.

My own target remains at 75p to £1.50.

If the company continues to deliver on its expansion plans at Vametco and Vanchem, and brings Mokopane on stream in relatively short time, the increasing revenues from those activities alone should significantly impact on the value of the company.

However BMN appears to be on the cusp of delivering revenue from the Bushveld Energy business, and that could increase quite rapidly over the next year or so. Who knows what impact that may have on the sp as the company begins to produce electrolyte and delivers on its plans to first supply and then build VRFBs and also announces rental contracts, etc. And of course we may see returns from the investments with our partner companies (Avalon, RedT, Enerox, etc).

As these activities ramp up I would expect to see a significant shift upwards in the sp even at the current V price, and perhaps aided by JSE listing. Any dividend announcement next year (not certain at present) would also be a positive factor.

As this new market (energy storage) for vanadium begins to impact on the V demand supply relationship one can't rule out a significant rise in V price, perhaps towards the $40 + kgV level suggested by Fortune. In that event I believe we will see an even greater shift in the sp and in these circumstances my 75p to £1.50 target may begin to look very conservative.

As always the above is just my opinion. DYOR.

Regards. Pdub.

Morning all and welcome to the 6th anniversary of the RNS "Introducing a new platform - Bushveld Vanadium" with reference to what we now refer to as Mokopane (a 298 million tonne reserve and resource) For those interested I provide a link to that first RNS.

https://www.investegate.co.uk/bushveld-minerals-ld--bmn-/rns/introducing-a-new-platform---bushveld-vanadium/201311271147340688U/

Prior to 27 November 2013 BMN shareholders were invested in a junior mining explorer focussed on iron ore, but on that day CEO Fortune Mojapelo announced this very significant change of direction. This extract is taken from the opening paragraph of the RNS:

"... The new platform, which is to be called Bushveld Vanadium, will focus on accelerating the development of a potentially world-class vanadium resource in the MML with the possibility of becoming one of the world's largest vanadium producers. The Board of Bushveld believes this merits its own development path given the potential world-class nature of the deposit."

Even at that stage Fortune wanted BMN to become one of the largest vanadium producers!

On that day in 2013 I was in London to attend a presentation by FM in Mayfair. I read the RNS in a pub not far from the venue. I have to say that my interest in the presentation rose several notches at that moment!!! There was a real sense of excitement in the room that evening and I was lucky enough to meet Fortune for the first time and talk to him about his plans. I was very impressed with him and have supported him ever since. And he has not disappointed.

It is incredible to think about what BMN have achieved in those six years without developing the original Mokopane resource. The man should be regarded as a strategic genius for building this amazing company, even without help from Mokopane. And once the paperwork is sorted hopefully we will see rapid progress in bringing this huge vanadium resource into production.

The future looks very exciting.

So Happy Birthday Bushveld Vanadium and thank you Fortune Mojapelo for all that you have achieved.

Just my opinion.

Regards. Pdub.

Halespur this is what I posted in early October:

"This is my view in a nutshell of BMN:

Stage 1 (2012 to 2016)
A junior iron ore explorer that switches direction to Vanadium just before iron ore prices crash. A promising but frustrating period for its shareholders as the company lacks revenue and sees a sustained period of low share price.

Stage 2 (2017 to 2019)
Acquisition of Vametco mine and production plant instantly turns BMN into a miner and producer. Company takes advantage of low vanadium prices and Evraz policy decision to acquire brownfield site at knock down price. Rising vanadium prices plus production, revenue and profit send share price up. Further % acquisitions of Vametco generate even higher sp. company is cash rich and debt free. Retrace in V price plus other opaque market activities reduce sp but remains many times higher than in Stage 1.

Stage 3 (2019 to ?)
A period of expansion and diversification of production sites and products, largely funded by internally generated profits. Increasing production resulting in increasing revenue. In my opinion we are just entering this next phase in the history of the company with the Vanchem acquisition. I expect the sp to grow in much the same way as it did going from Stage 1 to Stage 2.

Stage 4(2020 onwards?)
Business plan successful as BMN becomes a low cost vertically integrated vanadium platform. Focus in the stage on BE with leasing contracts, VRFB manufacture and energy storage developments. Also increasing production at Vametco, Vanchem and Electrolyte plant. Rapid growth in revenue (and profit) further pushing the sp upwards.

.... The future for BMN and its shareholders looks very exciting, particularly as we are about to embark on what I think of as Stage 3.

Just my opinion of course and admittedly a rather simplistic view of the company, but that does seem to make things easy to understand and may help to explain the current sp stagnation. I don't think it will last much longer!"

Regards. Pdub.

Earthling what most certainly isn't stuck is the progress being made by the company. They have acquired a second primary vanadium production plant and announced several initiatives on the energy storage front. They are delivering all that was promised and more.

I have no doubt that the market will eventually catch up.

Some time ago I posted my view of the different stages in the BMN story and that the Vanchem acquisition would mark the beginning of Stage 3 .... a period of increasing production and diversification of production sites and products. That acquisition was successfully completed and I am delighted that it was accompanied by numerous developments in the energy storage business.

If all goes well this could turn out to be the most exciting period in the company's history to date, even exceeding the huge successes in stage two where BMN was transformed from an explorer to a miner and producer.

Just my opinion of course

From Slide 31 of the H1 results presentation. Says all that needs to be said really:

Compelling commodity anchored to steel with burgeoning demand from energy storage

Large, high-grade, low-cost primary vanadium assets

Largest primary vanadium resource base of ~550Mt grading 1.6-2.0% V205

After completing the Vanchem acquisition, Bushveld Minerals will own 2 of the world’s 4 existing primary vanadium production processing facilities

Within the next 5 years Bushveld Minerals aims to strengthen its position as one of the leading primary vanadium producers

Productivity initiatives designed to make Bushveld Minerals one of the lowest cost producers of vanadium

Bushveld Energy is one of the leading players in the energy storage market

Bushveld Minerals will offer a diversified product offering for the steel and chemical industries and energy storage

Bushveld Minerals’ vertical integration strategy provides a natural hedge against vanadium price volatility as well as a diversified revenue stream

Driving innovation across the vanadium value chain

http://www.bushveldminerals.com/wp-content/uploads/2019/11/BMN-H1-2019-presentation.-Final-301020192.pdf

Alltorque you have my sympathy. Not nice being underwater. I was in that position for more than 2 1/2 years before starting to see a good return. However as an investment that really was no time at all and the wait was very definitely worth it.

Those that were around at the time may remember that I was every bit as positive then as I am now. I was far more interested in where the company was going than the short term sp. That remains my position.

The future of this company looks VERY exciting. Hopefully, if you have the patience, the share price will reflect this and you should see a healthy return on investment.

As always just my opinion.

Thanks Paludina

That Shapeshifters interview surely demonstrates to even the most cynical just why in 2013 I placed my trust in Fortune Mojapelo to deliver great returns on my investment.

By the way a key part of that was the Viljoen brothers. These guys are Bushveld Complex experts and at the it occurred to me that if they trusted Fortune, then I could do a lot worse than follow suit. Best financial decision of my life !!!

RK I know that you are gentleman and modesty prevents you adding your own name to that list, but it just doesn't feel right without you!

RichKen - Cheer leader and Director of Positive Thinking.

I am sure many regard you as one of the 'nicest' contributors on the bb. I certainly do.

Regards. Pdub.

Just logged on and .... wow! Great to see so many less familiar or new posters on the bb and generating a real sense of enthusiasm for this great company. Hope you all become more frequent contributors as that will help keep the bb fresh and enables us to embrace a wider cross section of the BMN community.

And Bplanoyes I agree that Paludina's work on shipments has provided us all with very useful data. A great effort! Many thanks.

Regards. Pdub.

Thank you RazorShultz. I really do appreciate input from someone with clearly a greater working knowledge than myself.

Regards. Pdub.

Lindon nice try but those same rules require only one of the two main ratings agencies to have investment status. And Moody's still has.

Your post misled the market in my opinion. You should apologise.