Member Info for Pdub

SoulDoubt i am sure you would state that black is white if it suited your agenda!

The development of the VRFB market was criticised when the V price was high. I am tip the only one who has noticed that our furry friends have gone very silent on that now that lower V prices make that industry so much more competitive.

Fortune's brilliant strategy puts BMN in a win win situation, whatever the V price. BE is still in its infancy but I expect great things from that side of the business.

Calamari that is a very blinkered and shallow view of BMN.

However when the V price reverses, and TP expects that soon, I trust you will be here singing the praises of BMN.

We will be watching!

It was calamari but apparently someone is even dafter than you! I must admit I am as surprised as you lol

SoulDoubt I think that post is the most ridiculous post. Market forces would be sending this share sharply upwards. Unfortunately for reasons best known to themselves some institutions have decided to practice the evil of shorting on this great company.

This is not market forces, it is one of the worst kinds of market manipulation, and that is why in some countries it is banned.

I am surprised if you are naive enough to not understand this. Get real.

The end.

And do remember Vamaetco production costs at less than $19 kgV so still very profitable. There was a time when we could only dream of $40 kgV!

Expert please please read TPs analysis. It is very detailed and requires concentration. You won't find a clearer assessment anywhere.

However it does make sense of the current situation.

The factors appear to be short term and he expects a reversal soon.

?

Sanchez he wasn't being hunted down. His views are respected so only natural that one would ask. It is resolved as he had posted taking holiday. It's all cool.

Now back to BMN

Thanks pb940. If anyone deserves a break from here BBN does.

Regards. Pdub.

James I hope BBN is OK.

We haven't had a comment from him on:

Q1 vanadium update
Vametco Mineral resource and Ore Reserve Update
AfriTin Standby Working Capital Support Financing
Final Results.

He did comment on Monday about BCN, a wannabe Lithium producer.

I know many, including myself, value his opinions. Perhaps he is enjoying a well deserved holiday and a break from the bb. I hope we hear from him soon.

Regards. Pdub

From Vanchem Aquisition RNS:

"Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer, with ownership of high-grade vanadium assets in South Africa, is pleased to announce that it has entered into a Business and Share Purchase Agreement (the "Agreement") with Vanchem Vanadium Products (Pty) Limited ("VVP"), a subsidiary of Duferco Vanadium Investment Holding S.A. ("Duferco"), South African Japan Vanadium Proprietary Limited ("SAJV"), a wholly owned subsidiary of VVP and Duferco Participations Holding S.A. to conditionally acquire the following vanadium production assets in South Africa (the "Transaction"):
(i) the vanadium production business of VVP as a going concern ("Vanchem Plant");
(ii) the ferrovanadium production business of SAJV as a going concern ("SAJV Business"); and
(iii) 100 per cent of the outstanding shares of Ivanti Resources (Pty) Limited ("Ivanti"), a subsidiary of Duferco Participations Holding S.A, which has economic rights to certain secondary vanadium units treated within the Vanchem Plant,
as one indivisible transaction, for an aggregate cash consideration of US$68 million (the "Consideration"), which is to be settled in two stages. The Vanchem Plant and SAJV Business are hereinafter jointly referred to as the Vanchem Business ("Vanchem Business").
Bushveld Minerals CEO, Fortune Mojapelo will host a webcast for analysts and investors to present the transaction today at 09H30 BST."

I think the highlights from today's RNS speak for themselves.

One interesting snippet. BMN revenue has increased by 6,860% in just 24 months. That's quite good isn't it?

Bushveld Energy

Commissioned the VRFB project with South African national power utility Eskom, including site acceptance testing
· Secured a grant from the USTDA of US$500,000 to support the Eskom project and the energy storage industry in South Africa
· Progressed the development of a 200MWh vanadium electrolyte production facility, including allocating the facility's site in the East London Industrial Development Zone ("ELIDZ") and initiating an Environmental Impact Assessment ("EIA") on site
· Purchased the first 2 mtV from Vametco for conversion into electrolyte using a new production process designed specifically for Vametco's vanadium feedstock

Bushveld Vanadium

Vametco delivered a solid financial performance in 2018, underpinned by a strong vanadium price environment
· Vametco's Revenue (Revenue reported net of all sales commissions) and EBITDA for the year ended 31 December 2018 increased by 131% and 353% respectively to US$183.0 million (2017: US$ 79.1 million) and US$108.3 million (2017: US$23.9 million)
· Average Ferrovanadium price up 149% to US$81.2 KgV (2017: US$32.6)
· Vametco annual production down 3.4% to 2,560 mtV (2017: 2,649 mtV) following 37.5 days of stoppages and unexpected operational challenges
· Vametco achieved a safety record of 5,375,848 man-hours without recording a lost time injury and there were no fatalities during the year

As we have been a little distracted worth reminding ourselves just how good these results are:

Bushveld Minerals

Raised our effective underlying interest in Vametco from 59.1 per cent to 74.0 per cent in September 2018
· Raised over US$20 m in an equity placing at 10.3 pence per share from experienced mining and UK institutional investors
· The best performing FTSE-AIM Materials stock
· 3rd best performer on the FTSE-AIM All Shares Index
· Revenue of US$192.1 million (2017: US$ 2.8million)
· Adjusted EBITDA (reported as operating profit before depreciation) of US$101 million
· Total cash of US$42 million as at 31 December 2018 (31 December 2017: US$9.7 million) with no debt (31 December 2017: US$7.9 million)

Calamari that is one of the most stupid responses I think I have ever read. I am very interested in the V market. That is why I spent so long transcribing the words of one of the market leaders.

Now answer my questions

Calamari again don't play innocent. TP analysed the many factors affecting the V price.

Let me ask you a question. What do you think the V price will be in 1 month, 3 months and 1 year?

You keep asking others to work for you. Now it's your turn. Oh and of course give some rationale to your answers. You don't believe TP so you must have your own theory. Spell it out.

GeordieShores I realise that traders rarely know much about the companies they trade and they tend to rely on old cliches which paraphrased amounts to what goes up must come down.

However every so often a little gem emerges from the cesspit of AIM and BMN is one of them. Many here, including myself, spotted that early on. Strange how so many of the so called experts that trade AIM completely failed to see this one. Hence my disdain for those self appointed experts that seek to disrupt this bb.

The developments that have been flagged up in the last few RNSs come on top of being one of the best performing AIM companies over the last two years. In my opinion this company has a very exciting future and will deliver more considerable returns to its shareholders. It is also my opinion that anyone unable to see that shouldn't be allowed out on their own!

TP has clearly flagged up the continuing structural deficit in the V market, and expects a price recovery soon once the short term factors have played out. That's going to be very interesting. Most other V commentators that I have read also believe the structural deficit is likely to continue for some years. I realise some are blinkered and cannot see past the recent V price movements. I would imagine they will miss out once again on this investment opportunity.