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…. could be interesting.

Final Results due by end June with hopefully a post period update.

Commissioning of electrolyte plant (with contracts?)

Mini grid completion due mid year.

Q2 Update end July with hopefully record production at Vanchem

Hopefully continued strong sales given comments from BMN

Mustang / BE news?

Continued favourable Dollar Rand rate (currently over 19)

Rising vanadium prices

Steel demand forecast to RISE in 2023, particularly in China and North America.

https://worldsteel.org/steel-topics/statistics/short-range-outlook/

More steel demand means more rebar demand.

More rebar demand means more vanadium demand.

That extra vanadium demand is additional to demand from new VRFB projects.

There is limited capacity to rapidly increase vanadium production (although BMN is planning to increase production over the coming years).

This PERFECT STORM seems likely to drive up vanadium prices. Primary vanadium producer Bushveld Minerals is very well placed to take advantage of this situation.

2023 should be a good year for them in my opinion.

…. AM showing vanadium price rises in China for the first time in a while.

Let’s hope this is the beginning of the predicted 2023 vanadium price rise.

Good grief don’t you just love the amateur political commentator!

Money talks Hippy. You’ll see.

HippyDays if there is one thing a corrupt Government understands it’s money. The ANC understand only too well $10.7 billion in exports.

South Africa exports

To USA $10.7 BILLION pa

To Russia $280 MILLION pa

Even the ANC aren’t so stupid as to not understand that

US needs increasing amounts of vanadium. Note that this demand has resulted in higher V prices in the US than elsewhere.

Where does US get that Vanadium from?

China? (Largest producer) Doubt it.

Russia? Hahaha

That leaves primary producers. Only 4 plants. One in Brazil (Largo) and 3 in South Africa (of which BMN own 2 and are increasing production). BMN report strong demand across all of their products.

Don’t really think there will be a problem! This is commerce, not politics, and the Dollar talks

Thank you ARCM for taking the time to reply.

I won’t ask you to justify your comments again as clearly you cannot or will not. I am sure every reader will draw their own conclusions. If it makes you feel better to have a pop at me then I am happy to be of service.

One last thing though. Your inability to respond to my earlier post raises an interesting question. If I have no “investing acumen, just some guy who got lucky on a stock…” (and perhaps you are correct) then what does that make you? Outgunned by someone who doesn’t know what they are doing apparently. Not good for your image!

Even more curious. On the same day as describing this share as a dog you say I got lucky on it. You seem a little confused.

Anyway good luck with whatever your interest is here. Hope it works out well for you.

Welcome back Ophidian!

With respect ARCM t you have not answered my question.

Share price rise here will only happen when company delivers on its operational plans and returns to profitability. It is absolutely doing the first (and that is what my posts focus on) and from all that we know the latter is likely to already be here.

Now tell me what specifically what was ‘rubbish’ in my 09.00 post. I think you cannot. Let’s see.

This one is for you ARCM. Do please enlighten me of any “rubbish in this post, with reasons of course.

2023 looking very positive for BMN.

Vametco maintenance moved to Q3 so Q2 should return strong production numbers.

Steps to reduce impact of load shedding taking effect at Vanchem.

Vanchem production in March and April very strong so Q2 likely to be best yet.

Increased production and increasingly helpful Dollar Rand likely to reduce costs.

Electrolyte plant to open soon with sales in H2

Minigrid to complete middle of the year to demo Solar VRFB and further reduce Vametco costs.

Refinancing of debt very positive and announced early.

Strong market for all products.

Mustang deal finally showing signs of life which may be positive for BE hive off.

Indications are that cash position much improved in Q1.

Even Lemur coal project appearing in company news again.

List above is not exclusive but not bad for a start!!! Not many AIM miners can list those positives in the one year. Volatile V price one to watch but targeting of higher priced markets helps. If the predicted increased demand from VRFB projects picks up pace then not unreasonable to expect stronger Vanadium prices through rest of 2023.

I wonder when the huge in ground Mokopane Vandium resource will once more feature in BMN news and BE contracts appear?

It is worth remembering that pis buy shares for positive reasons. Of course number one is return on investment. That will only happen if the company delivers on first its operations and second profit. We know BMN is doing the first and with much more to come. We think it is delivering on the profits but market will need to see that in black and white.

So much is now going right for BMN. There are of course sceptics but it is noticeable that no one challenges these positives. It is a bit sad that some seek to question future share price performance by looking to the past when the company was not in such a great position.

Others resort to questioning credibility of anyone that is positive about BMN. That is such a desperate and pathetic stance. Makes me smile the victors smile every time.

Very significant investment and operational progress has been made over the last two years, despite huge regional and global challenges. Very necessary for an ambitious growth company that is delivering on its target of building a vertically integrated vanadium platform.

We are beginning to see the results of that investment and based upon recent track record one can assume BMN will deliver further operational successes through 2023.

It would be hard to understand anyone not recognising the positive year ahead.

Some may think that will translate into significant share price growth. I don’t do sp forecasts but I would find it hard to disagree.

Just my opinion

Thinking back through BMNs history I am reminded of a previous year that started with a ridiculously low share price yet the immediate prospects for the company were very good, just like today.

That year was 2017.

The year began with share price around 1.85p and ended above 8p … a 350% ish increase. So what happened? Well the market had been informed of the impending purchase of a stake in Vametco which would transform BMN from an explorer to a producer. There was little market reaction until the deal was done, despite existing shareholders commenting on the potential. Once deal done the year saw a significant rise in share price as illustrated above.

So how is that similar to 2023?

Year begins with a ridiculously low share price (still more than double start of 2017 and much higher m/c!). Several significant events forecast:

Record production, possibly for Q2 and very likely for the year.

Costs reduced, helped by very favourable Dollar Rand.

Commissioning of electrolyte plant in H1 and sales in H2.

Vanadium demand forecast to rise to supply increase in VRFB projects.

Likely rise through H2 in V price and US market seeing stronger prices anyway.

Vametco minigrid coming online, saving costs and demonstrating solar plus storage.

Progress with Mustang.

BE hive off.

Debt refinancing resolved favourably.

Likely to see profits in RNSs

Just as in 2017 I expect to see a positive market reaction as the above potential becomes reality. Could we see a similar percentage rise or more in 2023? Well the analysts suggest yes so why not.

What no one can predict with certainty is the Vanadium price but the demand side looks strong given what we know.

Just my opinion. DYOR

2023 ooking very positive for BMN.

Vametco maintenance moved to Q3 so Q2 should return strong production numbers.

Steps to reduce impact of load shedding taking effect at Vanchem.

Vanchem production in March and April very strong so Q2 likely to be best yet.

Increased production and increasingly helpful Dollar Rand likely to reduce costs.

Electrolyte plant to open soon with sales in H2

Minigrid to complete middle of the year to demo Solar VRFB and further reduce Vametco costs.

Refinancing of debt very positive and announced early.

Strong market for all products.

Mustang deal finally showing signs of life which may be positive for BE hive off.

Indications are that cash position much improved in Q1.

Even Lemur coal project appearing in company news again.

List above is not exclusive but not bad for a start!!! Not many AIM miners can list those positives in the one year. Volatile V price one to watch but targeting of higher priced markets helps. If the predicted increased demand from VRFB projects picks up pace then not unreasonable to expect stronger Vanadium prices through rest of 2023.

I wonder when the huge in ground Mokopane Vandium resource will once more feature in BMN news and BE contracts appear?

Don’t be a silly billy Clark. We already have one.

Stop ramping SandB. 2017 saw a 350%+ rise in share price … still if you say that’s what to expect fair enough.

Patience ARCM. Things don’t happen overnight in the real world.

The ‘narrative’ that matters is that BMN have spent two years investing in the future of the company. Those investments are beginning to make a difference. That will work it’s way into revenue and profit.

As targets continue to be achieved (eg good production and sales numbers, electrolyte sales etc) and profits begin to show in RNSs then I hope there will be the appropriate market reaction.

ARC’s revaluation assumes Dollar Rand of 17. In Q1 BMN state average of 17.8 and since end of Q1 we have witnessed above 18, currently 18.88.

Why does this matter? Revenue in Dollars but most costs eg labour in Rand. Increasing rate effectively increases the gap between costs and revenue. Profit margin increases!

And:

“ Alleviates near-term balance-sheet pressure: The proposed new debt structure removes a substantial near-term repayment liability and re-sculpts future repayment obligations over a three to five-year schedule that is better aligned with Bushveld’s expected internal cash generation projections. Just 25% principal of the new US$27m term loan must be repaid in June 2024, escalating to 30% in June 2025 and with the 45% balance due in June 2026 (early repayment is permissible, subject to a sliding fee). These escalating repayment amounts mirror an anticipated rising vanadium production profile from the group’s Vametco and Vanchem facilities over the coming years.…”

That seems to be a big vote of approval, in line with the other commentators I have read. Not surprising really. BMN delivered exactly what they said they would … and early