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The Vanadium price rises continue across most indicators according to Asian Metals.

http://www.asianmetal.com/VanadiumPrice/Vanadium.html

Quote from Fortune Mojapelo from 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! I think that time is coming now. Only question is just how slow is the market to understand such an exciting story. In my opinion if you've already got it you are well ahead of the game ... and isn't that exactly where wise investors should be?

Exciting? You bet.

http://www.asianmetal.com/VanadiumPrice/Vanadium.html

Vanadium prices up across all indicators according to Asianmetals.

With all of this great news AND V price rises then surely it's only a matter of time before the share price responds?

This is only my opinion but isn't this a great time for investors to move in?

Daisydog it is not so much that the short term share price is irrelevant, it's more about where the focus should be. For me that is absolutely a no brainer ... the focus surely has to be on the astonishing developments we are witnessing during this growth period of the company. If you believe that this company is going to deliver on all of these plans then as that materialises and the revenue streams both increase and diversify the share price will take care of itself.

Just my opinion.

Something I believe is very important given the employee dissatisfaction at Vametco that appeared to have been inherited from Evraz, is that Fotune believes the workforce is now unified with the management in driving things forward. That is particularly good news considering previous industrial action shut the plant down. Only three sittings to agree a three year wage deal. Brilliant. Yet another factor very significantly derisked. This also bodes well for management / employee relationships at Vanchem.

Some may not have fully appreciated the significance of this.

Fortune once again demonstrating what an excellent CEO he is.

Part 4
Of course we have also committed ourselves to further growing production at Vametco beyond that level to 4200 mtV on the back of some capital expenditure to increase the capacity of the plant. Something which we will obviously update the market as we do more work in respect of this. But I couldn't be more happy with the progress that we have seen at Vametco. We have a very motivated staff employee base which is all working all in one direction with us to ensure that Vametco unlocks it's true potential. We should never forget and I think lose sight of the importance of this asset and obviously with Vanchem coming onboard it will also play an important role. Just underscoring the significant strides we've made in terms of for example getting alignment with our workforce when we negotiated our wage agreement this year for the next we were able to agree that very quickly, just in 3 sittings, and that's something that bodes well going forward with the belief that we are very well positioned to continue driving improvements in the operations of Vametco. We want to be the lowest cost producer of vanadium and an important part of that is driving more throughput through the plant and extracting as much efficiencies as we can do."

"Well Fortune thank you very much. It's great to speak to you and Mikhail today and look forward to speaking to you again soon."

FM "Thank you. Thank you for your time."
MN "thank you very much."

Part 3
"So Mikhail the RedT / Avalon investment is part of a broader initiative into the VIP. Can you give us an update here?"

MN "Absolutely. I think one of the things that we can also do as Bushvleld is to help mobilise additional funding to go into investment to go into these companies. We have done very well but we are not somebody that can carry the entire industry. However we think that we know the industry quite well. We obviously have the best line of sight in terms of how the issues of vanadium supply can be solved to enable the industry to be successful as demand rises. By making commitments ourselves we feel that can actually unlock quite a bit of additional investment. What we want to do with the platform is to make sure that we are not the only investor that comes in to a strong and growing VRFB company. So in a way we can kind of mobilise and multiply our investment to bring in external funding and that's really what the VIP is all about."

"Now Fortune you have made significant strides at Vametco from an operational perspective as well as with stakeholder engagement. Tell us more."

FM "Absolutely. I should just say that as I have indicated Vametco is at the core of what we do. It is until the acquisition of Vanchem the sole and core source of our revenues and our cash flows. It provided us the platform to expand our business into the energy storage market which we are very excited about. What that means is that it is absolutely important that Vametco operates and performs to its potential. Since the acquisition of Vametco we have been fairly clear that we saw significant opportunities to do 2 things. 1 is to increase production throughput significantly and secondly to also just improve the operational efficiencies of the plant. We have been engaged with a transformation programme there which is looking to address those 2 key elements. We are very happy with the results of that work which has seen the company improve its performance across all key metrics. One particular notable one being the fact that we produced in September 310 mtV, which is the highest the plant has produced from just magnetite concentrate. That is a great result. We expect to see that continue and we have always been clear that we are focussed to get Vametco producing up to 3400 mtV pa run rate just on the back of operational improvements, efficiency improvements. We are well on our way to achieving that.

Part 2
"Thank you Fortune. Now Mikhail turning to you it would be great to get an update on Bushveld Energy. Tell us more about your strategy as well going forward."

MN "Our strategy is really focussed on 3 directions. 1 is around vanadium electrolyte where we are building a facility to produce in SA and we have already deployed a rental product to allow customers to not buy the vanadium electrolyte as part of the value to actually rent that out to reduce the upfront costs. The second part is around manufacturing where we have set out a strategy of how we work together with the VRFB manufacturers though a platform that we've set up, a vanadium investment platform VIP, and very recently we announced our first investment under that which is linked to the proposed merger between two vanadium battery companies, Avalon Batteryout of North America and RedT which is listed in London. And then the third part is within Africa we look to deploy batteries within projects that require quite a bit of energy storage and we've done a system with the utility here. We are building a minigrid at one of our mines and we are actually building quite an extensive pipeline of in most cases renewable energy pairs with the long duration storage."

"And Mikhail you've recently announced your RedT / Avalon investment. Tell us about this and the significance for Bushveld."

MN "This is part of one of the ways that we engage with VRFB manufacturers. I think that these two companies are very complimentary in what they do. They have both been in the market for a few years. Avalon battery focussing more on the North American market and in China, with RedT more focussed on the European market and on project development and they are quite strong there. We really like the management team that Avalon brings. We like some of the expertise that RedT has developed. We don't we a lot of capitalisation between them and I think one major benefit is these are two companies that are still quite small. Together they are larger and one of the key challenges is to this technology is to get to scale. There's a very positive cycle that happens when you achieve economies of scale. Your costs come down. You get more projects as you are more competitive. You get more scale so it's a very nice positive cycle. We feel that 2 companies working together are going to get there much faster and at much less cost, and as an investor that's extremely appealing. That's why we support this transaction."

Part 1
"Welcome to BRR Media. Today I am joined by BMN following their operational update. Fortune and Mikhail it's great to have you with us."
FM "Thanks for having us it's good to be here."
"Thank you both and looking at Bushveld Vanadium first, Fortune update us on the company's activities over the quarter, particularly on the successful completion of the Vanchem Processing Facility. Now that you own 2 of the 4 operating primary processing facilities in the world how does this shape your strategy."
FM "Indeed. We have explained and outlined the strategy a couple of years ago already which is basically the script from which we operate, which is all about the vision to create a significant low cost and vertically integrated vanadium platform and in respect of which there's two key aspects to what we do, building our resource base and our production platform which is essentially centred around 3 deposits on the Bushveld Complex which combined for 550 million tonnes which is the largest primary vanadium resource base of any company in the world with tier 1 vanadium grades, combined with processing facilities that will allow us to supply vanadium and have a significant share of the global vanadium market. Those facilities essentially being the Vametco assets which we acquired from Evraz 2 years ago and which is currently the flagship and the core of our cash generation, and from which we have supplied just under 3% of the vanadium global market. We have since added Vanchem, which we completed yesterday, and Vanchem essentially brings an additional asset, a primary processing asset, and between Vanchem and Vametco post the refurbishment of Vanchemand some expansion initiatives at Vametco should see us grow our production to 8400 mtV pa over the next 5 years. That's a more than 3 fold increase in our production which would give us just under 10% of the global vanadium market. Our entire approach has been making sure that we've got a large resource base and we've got scaleable flexible and low cost production platform, which we are now in a position to do with both Vametco and Vanchem.

As you know we produced about just under 3% of the global market last year from Vametco. That really gives us a good platform to then develop the downstream energy business through Bushveld Energy whose sole focus is to promote the deployment of VRFBs in what is a multi billion dollar and growing stationary energy storage market."

Sorry ... post not boost

About to boost the transcript of the more concise but equally impressive BRR interview from today with FM and MN.

This is in 4 parts. Enjoy.

Cooy already sent to Alfacomp.

Regards. Pdub.

Transcript to follow. Possibly today.

Happy days !

Haha. Yep.

And to think I qualified for my free bus pass last Thursday. The irony of it!

Quertyquer25 you clearly know far more about the future sp than I do. I'm impressed.

May I ask where you gained all this experience?

I must confess to be completely unable to specifically predict future share prices of any stock, never mind BMN. However I am always appreciative of positive factors that might push a share price upwards, like today's reported uptick in the V price (not to mention the brilliant interview (ok Langtro?) by MN and FM.

Several have posted on here (including some home players!) that they didn't think the sp would rise until the V price did. I would now expect those same people to be more positive. Seems reasonable doesn't it?

I will however take with a pinch of salt anyone who thinks they are smart enough to precisely predict the future share price of any stock on AIM.

In the case of BMN it seems to me to be far wiser to follow the fantastic progress being made by our excellent BoD in developing the world's largest low cost vertically integrated vanadium platform. Obsessing over the share price seems to me to be missing the point with this great company.

Incidentally I was delighted to hear in the Crux interview that MN and FM follow a strategy similar to my own ie they invest in the management of a company. I have many times said I have invested in Fortune Mojapelo. It's worked so far for me!

Just my opinion.

I like the title of this thread!

I wonder how many potential investors have been sitting on the fence waiting for V prices to move up. Well wakey wakey .... Take a look at AsiamMetaks this morning. Up across most market indicators.

http://www.asianmetal.com/VanadiumPrice/Vanadium.html

I reckon the vanadium market players read my transcript last night hahaha!!

Previously I pointed out that V prices in Europe / US had been flat for a week. Good to see some sort of reversal up today. May not be much but up is better than down!

Yachty I am still in the dark ages with some IT stuff. Alfa may be best to deliver that.

Regards. Pdub.

It's brilliant.

How's that?

Done. Great interview as many will already be aware. Going to send copy to TBP