Member Info for Pdub

And please answer the question … are you BenButton… yes or no?

AimWolf (BenButton) manage your anger and engage brain please before posting please.

AimWolf first don’t make stupid comments about how many shares I own. You haven’t a clue.

Second don’t set yourself up as judge as to what are acceptable opinions on this bb. I follow the rules and merely give my opinions about all matters Vanadium and BMN. I don’t tell people to buy hold sell and I don’t predict the share price.

You are free to agree or disagree with my opinions but don’t you dare try to suggest I shouldn’t be giving them.

Now answer this question … are you BenButton …yes or no.

Is AimWolf a new identity for BenButton?

AimWolf joined 14 September and already trolling.

Nothing at all suspicious about that. How many previous identities?

Another one to report and into the bin you go.

Quantar as you are so well researched would you mind telling us all what mine they have sold?

Here is an interesting possibility from the RNS:

“SPR also holds an interest in Highveld Robust Steel, a company that is in the final stages of acquiring and planning the resuscitation of the Highveld Steel complex, which would provide significant synergistic benefits for both SPR and Vanchem. SPR envisages supplying vanadium-rich s l a g to Vanchem for processing at much lower and more efficient costs and higher outputs compared to run of the mine ore. Bushveld would share in the benefit of such optimisation.”

So SPR will part own both Highveld steelworks and Vanchem. So Highveld steelworks produces vanadium rich s l a g which can be processed more cheaply at Vanchem than say 2% magnetite ore and requires less processing and therefore less stress on the kiln, leading to fewer maintenance issues and lower costs. Apparently that is how Vanchem used to run.

But then Highveld provides a ready market for Vanchem vanadium eg for steel rebar. SPR are at both ends of this and will also run marketing. Win win for everyone. It is possible that output can be raised and costs reduced through this process.

Of course this is all dependent on a successful reopening of Highveld Steel. Something the SA Govt will certainly want.

Thanks to Alfacomp for the source of some of these thoughts.

And it looks like refurb of kiln 1 May happen quite quickly with the investment offered by SPR than under previous plans which relied upon BMN having the cash.

So whilst at first I had strong reservations at first, and still have some, I can also see the potential of having SPR as partners.

As always just my opinion. DYOR

Haha Coffeecups you really haven’t a clue have you.

You seem to be so obsessed with me that any lie will do. Poor old soul. Still your lying is taking in some gullible people so keep it up there’s a good chap.

Seen what I needed to see, reminded you that the truth hurts and so time to put you back in the green box. Wasted more than enough on you today.

And the name is Pdub. Don’t forget it

Oh dear Coffeecups. Still being as rude and childish as ever. Removed you from filter today just to see if any particularly offensive posts. Will check later.

“I see you are still making big mistakes

He ramped the stock as he sold, agreed that maybe fortune was to blame in some way ( deramp) and then posted he gad bought stock.”

Completely wrong…. Again.

In 2020 due to health issues I had to sell my boat. In 2021 I used that money to pay for the private radiation treatment that my friend referred to. I did not sell any shares in BMN. My friend whilst well meaning was completely wrong on that point. And if you weren’t so desperate to harm my credibility you would not have made yourself look so stupid … again.

Remember when you claimed about my wife’s posting history when in fact you didn’t know the difference between present and past tense(posted and posts). That gave me a good laugh too.

Then your lies about my shareholding… the mythical 300000 … pathetic.

I suggest you spend your time giving more practical advice like telling people to buy BMN … oh wait a minute … were you qualified to give out that financial advice? Thought not.

If you wish to keep trying to discredit me (surely a waste of your time) that’s fine with me. It will just highlight the sort of person you are.

And the name is Pdub

Have a nice day

… for removing offensive posts by Vanadiumdum

Member search Vanadiumdum … no results found

The name is Pdub Faramog. No need for more of that nonsense.

I missed this on first read through:

“ SPR is also undertaking to develop Mokopane in the near term, reducing the Company's feedstock risk and input costs via an irrevocable life of mine supply agreement.”

So although BMN won’t own Mokopane nor face the capital cost to get it running they have a life of mine agreement to supply feedstock to BMN. Nice future supply guarantee.

How about two more RNSs

Orion finalised on original terms

BMN reverse take over of Must to access main market.

Maybe…

What rumours? What evidence?

This investment would not be forthcoming if there was any doubt about it securing BMNs future

Caught me by surprise but that is a big institutional investment that could secure BMN future. Smaller stake by in a much more healthy company financially. And the commitment to fund refurbishment of Vanchem kiln 1 to further increase production.

The vanadium supply will be useful. In. Theory the best partner we could chose

Like everyone with a serious interest in BMN I recognise the importance of signing off the refinancing agreement. I am in no doubt that Orion have been very supportive of BMN and wish to continue to be so. The very fact that a refinancing package has been agreed by Orion supports that conclusion.

Just my opinion. DYOR

For the benefit of those that doubt Orion’s long term support for BMN.

From Orion’s current Investment Strategy:

“Diversified Investment Strategy: Orion provides a combination of debt, production-linked instruments, and growth equity to low-cost metal companies, primarily in jurisdictions with a long history of mining. The flexibility to draw upon numerous financing combinations allows Orion  to finance a project to production and drive value creation.”

And:

“Orion’s Mine Finance strategy provides exposure to ……. energy transition metals, for which the supply/demand dynamics will benefit as we shift to a more sustainable economy.”

And:

“Exposure to Energy Transition Metals: The energy transition will rely on battery, wind and solar technologies, as well as other renewable options needed to address climate change….”

BMN RNS 30 September 2020

“Philip Clegg, Portfolio Manager at Orion commented:

 

"Orion is delighted to become a cornerstone investor in Bushveld. We have been attracted to the quality and growth profile of Bushveld's portfolio of mining and processing assets for some time, and we also recognise the leading role that the Company has assumed in the supply of crucial raw materials to the vanadium redox flow battery industry. We are looking forward to partnering with Bushveld as it continues on its growth trajectory and supporting the Company as it realises its full potential."

BMN RNS 09 November 2020

“We are pleased that Orion has once again shown strong support for the Company and its growth story. While we did receive widespread interest from other investors in the Instrument, Orion's willingness to upsize its investment in line with the terms of its existing commitment made them the natural investor for the entire US$35 million. We welcome this vote of confidence in Bushveld.”

BMN RNS 30 November 2020

FM

“I would also like to welcome Orion as a significant investor into the Bushveld story, their support provides further confidence in our development plans we have in the coming years.”

Philip Clegg, Portfolio Manager at Orion, commented:

"We are thrilled to get the expansion at Vametco fully funded and to support the refurbishment plans at Vanchem. We are looking forward to partnering with Bushveld as it executes its growth strategy and ongoing advancement into battery technologies."

BMN RNS Refinancing Update 05 May 2023

FM:

“"I am pleased to announce today's proposed refinancing agreement with Orion and wish to express my and our board's appreciation at the support and confidence shown by Orion in our business and future plans.”

News item 05 May 2023

FM

“"We look forward to finalising the refinancing and further strengthening our long-standing partnership with Orion,"

Agreed SquirtyFlower about the mining licence which I am aware of. In fairness I just said that Mokopane project was not yet developed. But otherwise I completely agree with your comments.

You appear to be characterising Orion as a Darwin type financing group. They are nothing of the sort.

They have reiterated their long term support for BMN. They are not doing that for charity. It is because they see long term value from their investment.

This refinancing suits both parties and in my opinion it will go ahead for that reason.

I think it will be under the original terms but I do acknowledge that the recent backstop share issue may cause some discussion. However in return BMN has a substantial stake in Enerox which may offset any pressure to alter terms, although there is no evidence that anything but the original deal will complete.