Member Info for Pdub

Don’t think I haven’t noticed that you haven’t answered ANY of my accusations with evidence to the contrary and have tried to divert attention onto me. No problem ducks back etc.

I don’t doubt that you are very intelligent. I am willing to concede that you are a much better trader than I am. Not hard as I don’t trade.

However you have made a big strategic error. By posting incorrect information you made it too easy to destroy your argument for people that know more about BMN than you do.

Let yourself down. Better luck next time.

No Coffeecups. I tell it as it is. When you tell blatant lies about BMN. I will call you a liar..

If you disagree with my accusations then post the evidence. I am not arrogant or bullying and will apologise if you post the evidence that BMN haven’t hit a target for years. I will apologise if you post evidence that the only thing that has increased is the BoDs salaries.

If you are going to lie don’t accuse people of being rude because they call out your lies. Simply grow up and stop lying.

BoD salary increases.. Again a blatant lie.

Where is your evidence?

Here is mine.

CEO SALARY

2019 £800,000 +
2020 £600,000 +
2021 £400,000 +

You are just lying Coffeecups. I

Stop talking rubbish Coffeecups. I’m not impressed with your arrogant bullying style with no evidence to back it up.

And stop lying. About targets. Eg 2022 target for Vametco was raised during 2022 and yet was still exceeded.

Target to commission Kiln 3 in 2022 delivered.

Etc

You are lying.

No one claims every target has been achieved but lying about not hitting a target for years. Pure lies. Pathetic individual.

Just using this bb to promote another company. Pathetic.

They haven’t gone quiet. Stop making this stuff up. H1 completion of commissioning is confirmed in every relevant RNS. Stop making this stuff up.

My evidence and conclusions.

BMN is now in a very strong position going forward based upon current circumstances:??Record group Quarterly production in Q4 2022 May be exceeded in Q1 2023.?Record annual group vanadium production in 2022 likely to be exceeded in 2023.?Costs falling as production has risen.?New revenue source in H2 with opening of the electrolyte plant H1.?Vanadium prices rising recently to a level that makes BMN very profitable despite a small pull back in last few weeks.?Almost daily it seems that new VRFB projects are being announced which will increase demand for Vanadium and electrolyte.?A VERY favourable US Dollar / Rand rate. This effectively is widening the margin between revenue (in US$) and costs (in Rand).?Multi year wage agreement in place with unions.?Agreement with local authority that should significantly reduce any load shedding impact.?International shipping rates falling dramatically.??Again there other positive factors beyond this list.??Whilst competitors seek funding and permissions for mining / processing BMN is already doing both and expecting a year with few new capital requirements.??IN MY OPINION 2023 looks very promising for BMN and its shareholders. I have been invested for nearly 10 years and as far as I am concerned the company is in such a strong position now that it’s prospects seem better than at any time in the past.??Some might think that the current share price is ridiculously low and may recognise this as an excellent entry point if they perceive the potential for substantial share price growth. That would be an opinion that I would not argue against!

Evidence please HMHG. Strong claims by you. Now you have back up your mouth with evidence. No lying this time either.

Rubbish Coffeecups.

There is nothing in the public domain to suggest commissioning not completed during H1. You are making it up.

I cannot guarantee target will be made but that is the current position and you know it.

Again there is nothing to suggest that the plant won’t be running until 2024 at earliest. You are just making this stuff up. Shame on you.

And stop being so patronising to BMN shareholders. Such arrogance.

He is and he will JP. For a variety of reasons it has taken longer than both he and the shareholders had hoped for. His desire to deliver sustainable production and expand and diversify operations places the company in a very strong position in 2023.

Professional PR video. Well done BMN.

Many of us have been critical of lack of PR from BMN in recent years and some seem to have made a career out of it. Those most critical should now acknowledge that this video is a big step in the right direction. My hope is that it reflects a shift in policy and the company is acting on the need to get the message out to the wider market.

BMN have achieved a great deal in the last couple of years. Get that story out there.

Actually the real point is that BMN promised commissioning complete in H1 and looks like they will deliver on that. One in the eye for the missed deadlines miseries if that happens.

AND H2 should a new revenue stream for BMN. Try celebrating the good news.

Oh but I do blame you Cindercone for spreading false information, whether deliberately or due to sloppy or incompetent research.

If you wrote it you are responsible for it. Instead of always trying to evade responsibility for your ‘error’ apologise and move on.

Alternatively behave like a teenager and blame Mr Notme!

Thank you HarChris and I would like to commend you for challenging the misinformation being posted by the usual trolls.

Someone questioned the ability to sell the vanadium. I know …

Facts about sales in last two years by H:

2021 H1 1608 mtV
2021 H2 1706 mtV
2022 H1 1644 mtV
2022 H2 1939 mtV

The evidence suggests sales going very well with a big jump in H2 2022. With global logistics improving and VRFB demand likely to increase I would not be surprised to see a record year for sales in 2023, same of which will be high value chemicals and probably electrolyte. And if V prices hold up, particularly in the US, then sales could generate some very serious profit.

Just my very positive opinion.

BMN is now in a very strong position going forward based upon current circumstances:

Record group Quarterly production in Q4 2022 May be exceeded in Q1 2023.
Record annual group vanadium production in 2022 likely to be exceeded in 2023.
Costs falling as production has risen.
New revenue source in H2 with opening of the electrolyte plant H1.
Vanadium prices rising recently to a level that makes BMN very profitable despite a small pull back in last few weeks.
Almost daily it seems that new VRFB projects are being announced which will increase demand for Vanadium and electrolyte.
A VERY favourable US Dollar / Rand rate. This effectively is widening the margin between revenue (in US$) and costs (in Rand).
Multi year wage agreement in place with unions.
Agreement with local authority that should significantly reduce any load shedding impact.
International shipping rates falling dramatically.

Again there other positive factors beyond this list.

Whilst competitors seek funding and permissions for mining / processing BMN is already doing both and expecting a year with few new capital requirements.

IN MY OPINION 2023 looks very promising for BMN and its shareholders. I have been invested for nearly 10 years and as far as I am concerned the company is in such a strong position now that it’s prospects seem better than at any time in the past.

Some might think that the current share price is ridiculously low and may recognise this as an excellent entry point if they perceive the potential for substantial share price growth. That would be an opinion that I would not argue against!

Cindercone if there is one thing I detest on this bb it is deliberate misinformation.

You claim:

“… when the V price has been dropping consistently for well over a month. Inventory means nothing if you can't sell it.“

I checked on vanadiumprice.com. All three of the vanadium prices that they record show latest rise peaked around 12 / 13 March and the recent retrace began then. Today it is 11 April. Please tell me how you turned that into well over a month. Lying or incompetent?

And who says BMN can’t sell? That is pure fabrication on your part. Even following the retrace it would appear that all markets are profitable, particularly the US which as others have pointed out is BMN’s largest market.

Please stop writing misleading posts.

Correct Daisydog no contracts, but that has all been explained in the RNS extract below. It is clear that customers are there. Once qualification process completed expect contracts to follow. What is your point?

From RNS 31 January 2023

“Construction of the BELCO electrolyte manufacturing plant is progressing according to plan with a targeted annual capacity of 8 million litres of vanadium electrolyte. Each litre of vanadium electrolyte will contain between 82 and 92 grams of vanadium, with the plant using over 1,100 tons of vanadium oxide equivalent at full production. BELCO is undergoing a qualification process with several VRFB manufactures to use its electrolyte, for upcoming orders.”

For HMHG in the hope that he finally learns that no one is fooled by his habitual lying. The quotes below clearly demonstrate the latest lie. From relevant RNS 09 November 2020:

“As an adjustment to the previously announced terms of the Instrument, the conversion price of the convertible loan notes has been set at 17 pence. All other terms remain unchanged.  The terms of the transaction are summarised below. The proceeds from the issue of the convertible loan notes will go towards the first phase of Vanchem' s critical refurbishment programme and debt repayment.”

And comment from Fortune Mojopelo in same RNS:

"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.  Importantly, we have agreed a 17 pence conversion price with Orion, representing a premium of circa 39% to the Bushveld closing share price as at 6 November 2020, to limit dilution to existing shareholders."

The conversion price is 17p.

Once again HarChris an excellent post

Yes true ARCM but where is the time limit written down on that. This a growth company. It has spent the last two years investing in exactly that. Just what the CEO promised.

The results of that investment have not yet trickled through in terms of turnover and audited profit … but it will. That is when it might be fair to judge the delivery. As always pi impatience drives much of thee commentary but in the long run it will be operational performance that will create a sustainable share price rise.

Having said that I cannot understand the poor comms and do not condone it. However I am more interested in the bigger picture. Just hope I am still around to benefit from it … literally!