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Up over 8% today and 17% up on last Wednesday’s closing price.

I believe much more to come through 2023/24

I agree Clark. There have been a few largish buys today. An encouraging sign compared to many very low volume days.

Published yesterday:

https://www.energyportal.eu/news/vanadium-redox-flow-batteries/4778/

“Vanadium redox flow batteries (VRFBs) are emerging as a promising solution for large-scale energy storage, offering numerous advantages over traditional lithium-ion batteries. As the world continues to shift towards renewable energy sources, the need for efficient and reliable energy storage systems has become increasingly important. Solar and wind power generation can be intermittent, and without effective storage solutions, excess energy generated during peak times can go to waste. VRFBs have the potential to address this issue, providing a stable and scalable means of storing energy for use when it is most needed.”

And also:

“As the world continues to transition towards renewable energy sources, the potential of vanadium redox flow batteries to support this shift and ensure a stable and reliable energy supply cannot be underestimated.”

Had a few more myself.

Bushveld currently THIRD on Risers board. Don’t see that very often!

Well said Beginerman. I would like to endorse your comments and have nothing to add.

Regards. Paul

I rest my case.

Now unless you have anything intelligent to say about matters BMN …..

Halfwit … Beginerman showed a generosity of spirit which I have appreciated and returned.

It is very unfortunate that you have demonstrated to everyone reading this bb a total lack of understanding of such matters.

Thank you Beginerman. Very generous of you considering our past disagreements and much appreciated.

This article was published by the World Economic Forum in 2021 but definitely worth a read.

https://www.weforum.org/agenda/2021/06/how-much-potential-does-south-africa-have-for-solar-power-generation/

Opening points relevant:

“The majority of South Africa has excellent conditions for solar power, writes a physics professor.

However, the rollout of necessary facilities has been slow in this region.

Several new initiatives are being developed in South Africa to improve solar power infrastructure; this is a trend which is expected to continue.”

The summary paragraphs worth reading:

“Southern Africa - a solar hot spot?

All these factors create excellent conditions for the generation of solar energy in much of Southern Africa. Even the coastal, cloud prone locations have enough sunshine to match most of the solar power generating sites in the northern hemisphere industrialised countries. And the western interior, with its extremely low cloud cover, high altitude and low aerosol concentrations, offers some of the best conditions in the world for solar energy.

Southern African countries have been slow in embracing solar energy. Ten years ago the cost was still prohibitive, but not anymore. Many new initiatives are springing up in practically all parts of the region. It is a trend that is set to continue and get even stronger.”

Correction Uksteveg apologies for typo.

All very true Yksteveg except the important bit!

Progress on renewables is being made in S.A. yes he may be an obstacle to more rapid progress but projects are being announced including Vametco and the link I posted yesterday.

Please don’t do the troll’s job for them.

Just ignore the Halfwit. His only purpose is to disrupt and looking for buttons to push.

Focus on BMN.

Well done LawrenceH. Hope it does well for you.

Grabbed a few myself on Friday and may take a few more this week.

Thank you to all those who made yesterday’s bb so positive.

Why the rudeness (again) Cindercone?

Corruption and inefficiency in South Africa is a reality of life. However saying “nothing ever gets done” is nonsense. Eighth largest mining country !!

BMN is commissioning an electrolyte plant in partnership with the IDC … a Government organisation!

The project I cited involves the World Bank and a major renewable scheme,

Anyway I waste no more time on this. Think what you like but in the real world it is as I have explained,

This fact sheet was released on 5 June about the “Eskom Just Energy Transition Project in South Africa” supported by the World Bank:

https://www.worldbank.org/en/news/factsheet/2023/06/05/factsheet-eskom-just-energy-transition-project-in-afe-south-africa

“What is the Eskom Just Energy Transition Project?

The Eskom Just Energy Transition Project (EJETP) is a $497 million project approved by the World Bank Group in November 2022 at the request of the Government of South Africa. It will support its public energy utility, Eskom, to decommission the 56-year-old Komati coal-fired power plant, repurpose the project area with renewable energy and batteries, and create opportunities for workers and communities. If successful, the project could provide a blueprint for a just energy transition in South Africa and beyond.”

Now the point of posting this is for Cindercone and the following extract:

“Beyond improving supply and grid stability, the technical solutions tested at Komati can demonstrate how South Africa can integrate renewables and batteries in the national energy grid, leading to employment creation opportunities through the installation of those new technologies.”

In other words doing EXACTLY what I said about the BMN minigrid … in South Africa …. And supported by the world bank.

Sorry Cindercone but you do not know as much as the World Bank and this clearly indicates that your conclusion is wrong re Vametco minigrid.

I should make it clear that I am not suggesting BMN will be involved in the above project, merely that the Vametco minigrid is every bit as valid as proof of concept as the above project and the IES announcement.

Cindercone describing me as being “so ignorant” is not going to make your post any more valid.

Cindercone I respect your right to an opinion but I completely disagree with you.

South Africa is the eighth largest mining jurisdiction in the world worth $32.5 Billion in 2020. It has a failing power grid system and is crying out for solutions.

The minigrid is perfect for some applications both in South Africa, and in many other parts of Africa where there is little or no grid connectivity and a desperate need for electricity.

The local content, presently vanadium, soon to be electrolyte and beyond possibly locally built or assembled VRFBs makes BMN the perfect supplier. This is recognised by BMNs stated intention to focus on the African opportunities with the downstream applications.

The minigrid at Vametco will be the perfect platform to demonstrate this.

Background info from BMN LinkedIn:

“ Vanadium redox flow batteries (VRFBs) are stationary batteries that are being installed around the world to store many hours of generated electrical energy on a daily basis. VRFBs provide long-duration energy storage for commercial and industrial electricity users. With imbedded solar generation and battery storage, it is possible to significantly mitigate against loadshedding and reduce electricity costs. #energy #energystorage #batteries https://lnkd.in/dTrUx5W2”

Sounds like South Africa is the ideal market

Nice one Loudspeaker. It is hard to believe that VRFB growth rate at that scale would fail to impact on the Vanadium price through shortage of vanadium supply. Unlikely to see any new major sources before 2025 so 2023/24 look to be good years for the Vanadium price and therefore for BMN.