Member Info for Pdub

Zebediah your description of BMN is only partly correct. It is NOT just a miner. They don't just mine ore and ship it out, for example like an Australian iron ore miner that ships ore overseas.

When the company purchased Vametco the brilliance of the move was not that they bought a working mine. No no. They bought a working mine AND processing plant, all up and running and fully staffed! In other words they are a miner AND producer. They are adding value to the basic ore by processing it into Nitrovan.

If you don't believe me this is how the company describes itself at the bottom of RNSs:

"The Company's flagship vanadium platform includes a 74 per cent controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a primary vanadium mining and processing company; the Mokopane Vanadium Project and the Brits Vanadium Project."

Note mining and processing company.

As far as Bushveld Energy is concerned your comment that "BMN is not going to save the world via BE" sounds very plausible but misses the point. BE on its own won't save the world BUT renewable energy combined with energy storage may well do! And BE is in a great position to be a leading player in South Africa and possibly the wider African continent. That presents a very exciting future for the shareholders, as I am sure you would agree. This is how the company sees its future (again at bottom of RNSs):

"Bushveld's vision is to become a significant, low cost, integrated primary vanadium producer through owning high grade assets. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy Ltd, the Company's energy storage solutions provider. Whilst the demand for vanadium remains largely anchored in the steel industry, Bushveld believes there is strong potential for an imminent and significant global vanadium demand surge from the fast-growing energy storage market, particularly through the use and adoption of Vanadium Redox Flow Batteries."

As an investor I have always been attracted by the future opportunities with BMN as outlined in their business plans. They are currently producing excellent profits from Vametco (that alone distinguishes them from a large number of wannabe AIM companies). However the future potential earnings from expanded production, developments at Mokopane, and the opportunities that energy storage presents to BE are what now are of great interest to me.

Remember the big money is made by those that invest early in a growth company. Like many others here I have already benefitted from that. I hope to see far more growth in my investment as the company develops its energy storage business. Oddly the more realistic vanadium prices make that more likely!

All the above is just my opinion. As always DYOR.

Regards. Pdub.

"... life changing ..."

Good post RK.

It struck me as very odd today that a poster that I have had no previous contact with thinks that after 5 1/2 years of sustained support for this company I would suddenly want to try to crash the share price by selling. The big flaw in this argument is that while this is a big investment for me I certainly don't own enough shares to damage the sp. Oops!

More importantly that aggressive person seems to forget that since the beginning of the year I first suffered acute appendicitis and the associated surgery and post op recovery. Then I underwent major open surgery for liver cancer followed by a painful period of recovery from surgery which is still ongoing. And now I am on chemotherapy!

Only a complete fool would think that under all of the above circumstances I would even consider damaging what is a life hanging investment for me. Then there are one or two numpties that jumped on that bandwagon. And those that recommended a totally false and malicious post.

It is clear to me that a bb like this attracts a wide cross section of society ... some good and sadly some bad.

Fortunately BMN is run by an excellent BoD that are delivering on their business plan and have little in common with some of the visitors to this bb.

My support for them remains solid for reasons that were highlighted in your post at 20.42. And I repeat for the slow learners that I have not and am not selling shares. I am way too busy trying to fight my health issues and get back to full fitness. If there is anyone reading this that is too stupid to understand that then you should not be allowed out by yourself!

As always just my opinion. Other opinions are available.

Regards. Pdub.

Expert could you be more specific? Who wants you to say "£2 by Christmas and 50p dividend"? I don't see that being stated here. In fact in comes across as a rather pointless jibe at people that have a positive view of the company. I don't really understand why you feel it necessary to do that.

Worth remembering:

According to the Q4 update Vametco production costs were $19.7 kgV for 2018 and even better for Q4 at $18 kgV. The average price in 2018 for kgV was given as $81 kgV and this generated Ebitda of $107 million!

The above figures demonstrate that Vametco is very profitable at $40 to $50 kgV, but even more so at $70 to $80 kgV which it achieved in Jan and Feb. Given the one month lag in pricing even March may average the latter value. In which case Q1 Ebitda would look rather good should they choose to publish it.

If Q1 production is up on 2018 Q4, as some here have suggested, then the numbers could be even more positive.

The genius of Fortune Mojapelo's strategy, announced long before anyone else was talking about a low cost vertically integrated vanadium platform, is that the company (and therefore those shareholders with sufficient patience, is in a win win situation. Low vanadium prices encourage VRFB development and BMN is poised to drive that market in SA and beyond. Higher vanadium prices and profits from sales to the steel industry rise. Either way BMN is likely to be very profitable.

It is a pity that recent short term sp movements have diverted attention away from the very exciting future with BMN. However those that know and understand this company should recognise what I am suggesting.

But remember, and as I always point out, this is just my opinion. It is not advice. DYOR, take responsibility for your decisions and don't cop out by blaming others.

Regards. Pdub.

Haha classic Squirty!

Mikemm you need better research.

There is only one major supplier of Niobium. Ant pressure on demand will have exactly the same effect on price of Niobium.

Converting to niobium I understand is not strait forward and quite costly. That makes niobium substitution not viable for many steel producers.

Looking further ahead niobium is not relevant in the expanding VRFB market.

Everyone is entitled to their opinions. It is a pity that some of those opinions are based upon little or no research, I'm sure you would agree.

You'll need to find a different thread to deramp on I'm afraid.

Now I expect vanadium prices to begin a recovery soon for reasons that I have posted here several times. I also expect some progress on increasing production at Vametco, BMNs cash cow.

Just my opinion.

If the sp rises is that good for anyone with shorts open? Lol

Mikemm I am not sure why I am wasting my time with you so I will make it brief. Our CEO draws a very small salary in relation to the usual AIM CEO levels. I have the figures going back several years..... but you know what? I am not going to help you. Trawl through the final results like I did. Then you will understand what good value we as shareholders have had from this BoD. Over the period 2017 and 2018 huge shareholder return but modest Director reimbursement. If you think that is a problem then you really need to enter the real world.

Any bonus they may receive this year is fully justified, unlike most of your comments.

As for the Dividend policy then unless you are acting on inside info (illegal) you have no idea what will be in it so I suggest you wait and see.

Vauch up until now I have given you the benefit of the doubt. Today that ended. Have you no shame?

BRFC that's a start!

Regards. Pdub.

SG this is interesting from BBC link posted earlier:

:China's economy grew slightly faster than expected in the three months to March, official figures released Wednesday showed.
The economy expanded at 6.4% in the first quarter from a year earlier, ahead of a Reuters forecast of 6.3%.
Beijing has taken steps to boost its slowing economy, including tax cuts, while trying not to inflate debt.
The world's second-largest economy also faces softer global demand for its products and a trade war with the US.
China's rate of growth is closely-watched for the potential knock-on effect on the global economy.
The latest growth figures were in line with the 6.4% rate posted in the last three months of 2018.
The result follow a sharp pick-up in factory output, with industrial production jumping to 8.5% in March.
Other data out Wednesday also showed improvement. Retail sales for March rose 8.7% on a year earlier, and fixed asset investment expanded to 6.3% from a year earlier."

Paints a fairly positive picture about industrial production and factory output.

Regards. Pdub.

Thanks SG.

This is

Vauch sufficient information is already in the public domain via RNS on both the dividend policy and the Vametco mineral resource.

From RNS on 5 April:

"The Group's capital allocation and dividend policy will be outlined in the CY 2018 Annual report."

From Lemur update RNS:

"Update on Vametco mineral reserve and resource estimate:
Further to the update announced on 27 March 2019, the Vametco Mineral reserve and resource estimate is currently undergoing final stages of review and will be published as soon as it is available, albeit this may now be after 15 April 2019.

I think that answers your question without the need to raise it again.

Regards. Pdub.

SG that article states what we already know.

I am much more interested in what is happening now! I believe someone posted that vanadium prices have stabilised over the last couple of days. I am looking for the launch pad for vanadium price recovery as the temporary factors that led to this fall come to an end and the impact of the vanadium market structural deficit re establishes itself.

With the Chinese economy picking up the demand for vanadium should increase and that will work its way through to the vanadium price.

Just my opinion.

Regards. Pdub.

Looks like a big seller, plus some shorting activity and mm usual games, possibly using Bed and ISAs to look like two sells to confuse, no doubt some amateur trading and perhaps a liberal dose of panic (that can prove expensive!).

After all the nonsense with the sp and even more nonsense with the disrupters on the bb BMN continues on its journey to raise production, develop electrolyte production and BE, and develop other mines and production facilities. And according to most experts (not derampers on a bb) the structural deficit in the vanadium market remains in place.

I am a little disgusted by those posters trying to spread negative stories about the company. This is pure invention. They know nothing!

I haven't sold a share so no losses.

Just my opinion.

Night all.

Regards. Pdub.

Knuttie I think Troajan is ok.

On the bb that pigpen highlighted he was definitely attempting to get 1onic to see sense. I hope his intervention works but we shall see.

Troajan you come across as a sensible person. I hope that 1onic is wise enough to take your advice. Time will tell.

Well put Gambit

Nope. We have fine upstanding and honest people like yourself to do that. Off you go.