Member Info for Pdub

I would add that we have heard all this negativity before, including calls for the replacement of the CEO. Nothing new from the trolls. That was back in 2015 / 2016. The following 2 years saw the share price rise over 3000% …. (Below 1.5p to over 48p

Just saying ….

Thank you for proving my point TropicalApe. You are very lazy. Can’t even be bothered to address my points properly.

Any share price whether high or low long term will be driven by company performance both in delivering its targets and its financials. This is such a basic point that I am astonished that you cannot grasp it.

The company over the last two years has been totally focussed on improving production at the two plants and now completing the electrolyte plant. These form the basis of its revenue and any potential profitability. The very significant achievements in this regard over the last 2 years are highly relevant to future performance and 2023 is looking very good.

Your failure to demonstrate ANY understanding of these matters indicates either a very concerning level of ignorance or deliberate negativity to suit an agenda. I suspect the latter but can’t rule out the former.

Please raise your game as these shallow ‘it’s all about share price” comments will not do.

TropicalApe instead of repeatedly posting wishy washy smart Alec comments are you intelligent enough to actually post a proper analysis of operations at BMN that long term will underpin the share price?

You clearly have a very high opinion of yourself yet you post nothing substantial to back up your inflated ego.

You seem able to only understand the current share price which to be honest if you show those numbers to any junior school pupil they would understand that todays share price is very low. So far you have not shown yourself to be capable of any higher level of understanding.

Unless BMN get the business right there will never be good news for the shareholders. Fortunately they have spent the last two years doing just that and 2023 should see much better financial numbers and if this market is anything but a fraud then that should be reflected in the share price.

Do us all a favour and start posting fair and intelligent comments.

Yes I know Squirty. However you may have noticed that trolls are doing their best to keep negativity on the front page here. At least some of us are trying to counter that, in this case highlighting positives in an article published today.

There will be plenty of new investors that have not necessarily seen these news items previously. With the BushveldPerspective they could be directed there to look at past info. Sadly that no longer exists so one of the ways that shareholders like you and I can help is to draw attention to sources of info about BMN. I choose to do that. If you wish to criticise that’s fine.

I would recommend that everyone read the full article, whether it is new or old news, as a reminder of what is happening at BMN

https://www.miningweekly.com/article/hybrid-grid-electrolyte-plant-nearing-operation-2023-01-27/rep_id:3650

… for BMN. Hopefully shareholders will some good returns for their patience.

And finally this little gem from same article:

“Bushveld Minerals notes that the BELCO electrolyte plant is the largest publicly announced plant outside China and its production capacity can be increased to 32-million litres a year to meet medium-term demand.”

Couldn’t be more positive with regard to electrolyte plant.

So in 2023 BMN are likely to start the year following on from possibly a record group production year in 2022 and on track to beat that record again.

And the company will develop a new revenue stream from sales of a higher value product .. electrolyte for VRFBs.

Wake up Market. There is a lot happening now at BMN.

From same article:

“In 2022, BELCO undertook a qualification process for its electrolyte with vanadium redox flow battery (VRFB) companies in preparation for electrolyte sales later this year.”

So behind the scenes BMN have been working with VRFB companies to ensure that the product is fit for purpose and they are getting ready for sales. Revenue and profit being lined up. More positive news to start the year.

From the Mining Weekly article:

“Integrated vanadium producer and energy storage solutions provider Bushveld Minerals notes that the construction of the Bushveld Electrolyte Company’s (BELCO’s) electrolyte plant – which is located in East London, in the Eastern Cape – and the Vametco hybrid mini-grid – which is located in Brits, in the North West province – are on track, with both set to achieve operation in the first half (H1) of 2023”

So both developments in operation H1 2023. Producing electrolyte for VRFB companies and demonstrating how energy storage can work. Very positive news.

Thank you HippyDays. Given our history that was a generous comment and appreciated.

Regards. Pdub.

HMHG when trolls target me and take the trouble to read through my history I know I am doing a good job.

It’s a sad fact that if my positive thoughts on BMN didn’t threaten to undermine your agenda driven negative trolling you wouldn’t bother with a word I have written.

What is most interesting is that you are unable to counter the content of my posts so you are reduced to trolling me. The more you do that the happier I am.

However in this evenings post you almost produced a sensible discussion point so I will give you a very brief answer. Keep it simple just for you.

FM wants to build a Vanadium platform.

BMN had an in ground vanadium resource of world class at Mokopane.

However they did not have the mining licence and the cost of building the new processing plant if I remember rightly was in excess of $200 million which no one was going to lend a junior mining explorer. Problem.

Them Vametco became available, complete with fully staffed mine and processing plant. (Happily BMN were acquiring the along strike extension of the mine at Brits which placed BMN in number one position to buy Vametco with the ability to dramatically extend life of mine).

The genius of the Vametco initial purchase was that they bought it at the time when V price was very low. I remember speaking to Fortune and his opinion was that V price would rise. And hey presto in 2017 / 18 it did just that. Within months they paid back loans to purchase the plant from profit. It wasn’t me that said how good this deal was. It was a professional mining analyst who is on record as saying it was one of the best deals he had seen, as I am sure you will agree now that you have had your first history lesson.

Acquiring Vametco enabled BMN to become a miner and producer overnight and transformed the company.

Of course with any second hand purchase there is the risk associated with use and age. Vametco began to show this through production issues. Management wisely raised the funds to refurbish the plant (successfully) and we now see sustainable production and in 2022 a raised target.

When the second opportunity with Vanchem suddenly arose wisely BMN changed their plans and secured that plant. They now own 2 only 4 primary production plants and done at much lower cost and none of the delays in building new. As with Vametco Vanchem has its challenges but they have commissioned Kiln3 and are likely to see record group production for 2022.

It has been a hard road for both company and shareholders, nobody would deny that, but 2023 looks likely to be a very exciting year as we see the results of the significant capital investment.

I support FM because he is delivering his target of a large low cost vertically integrated vanadium platform.

You waste your time writing pathetic attacks on a company you are not invested. Please don’t stop trying to undermine my credibility. The more you do it the more confident I become.

Just my opinion.

Apologies for autocorrect: “Knuttie ….”

Knottier I have searched the RNS link on Investors page but can’t find that.

Elsewhere someone has posted that it is 2 years old.

The last two years have seen significant and very necessary capital investment in the business. Without this Vametco would be suffering more and more breakdowns and who knows what mess Kiln 1 at Vanchem would have been in.

The BoD recognised this and have made the necessary investments at both plants to raise production and reach a sustainable level of output. They appear to have been successful at both plants and we begin 2023 with production at or near to 5000 mtV pa depending on what impact load shedding had at Vanchem and how they have mitigated this.

And in 2023 we have electrolyte production coming on line to provide a new source of revenue.

It does not seem unreasonable to expect a much better financial performance in 2023 given the above, a favourable dollar exchange rate and higher Vanadium prices. This should enable BMN to deal with debt repayment and rescheduling as necessary, as always subject to vanadium prices which currently look positive and looking forward market pressures suggest upward price movement eg as the VRFB industry finally takes off.

I am hopeful that increased sales into US market in November and December where prices remain high have already pushed BMN into profitability.

Q4 Update should be published before the end of January if the pattern of the last 6 Updates is followed. If the numbers are good (production, sales, costs, for example and if included) then that may stimulate more interest in BMN and hopefully some positive movement in the share price.

Just my opinion.

No one doubts that load shedding is an issue at Vanchem (far less so at Vametco where over half this years production is likely to come from). However there are clear attempts being made by trolls to inflate the load shedding impact. I won’t speculate on their reasons as I am sure it will be clear to most readers what these trolls are up to.

From Q3 Update it is clear that BMN did not expect their target to be too significantly derailed and looking forward are taking steps to offset the impact.

“This year, South Africa has experienced unprecedented levels of loadshedding whereby the state utility temporarily turns off the electricity to an area due to a supply shortage. Q3 2022 was notably a severe period of loadshedding since the onset of the energy crises in 2007, with 75 events totalling to 218 hours of load shedding and, in turn, lost or significantly curtailed production hours. Calendar 2022 is proving to be the worst year in the last 5 and September was so far the worst month.

The near-term prognosis from Eskom does not indicate significant improvement and at Vanchem, where we are primarily affected, we will continue to use diesel generators during loadshedding periods. Engagements with the local municipality to explore ways to mitigate the impacts are ongoing. In addition, we are exploring renewable self-generation options to supplement power requirements, similar to the mini-grid project we are constructing at Vametco….

… Despite these challenges, we remain on track to achieve our annualised steady state production target by the end of 2022, as well as our cost guidance for each asset."

That all sounds very clever Cindercone but general sentiment is affected by what people read from various sources, including here. I notice that it is only those spouting negativity that claim it doesn’t affect anything. Sounds like conscience cleansing to me.

If these bbs have no effect on sentiment why do both pump and dumpers and the trolls both expend so much energy working them? Sorry but I do not accept the excuse for constant negativity being that it doesn’t affect anything. Find another excuse for knocking your own investment.

It’s a funny old world. Here we have a company that has made astonishing progress over the last 2 years. Yes I do mean astonishing given the national, regional and global issues they have faced.

Both plants have gone through a refurbishment that has resulted in greater production and electrolyte plant soon to come on line just to point out a few of the successes.

Yet there some shareholders that leap on every tiny negative and magnify it out of all proportion whilst at the same time give little time to emphasise the very significant achievements.

Then those same people are likely to be the first to complain about poor sentiment apparently due to lack of PR but don’t recognise their own negativity as contributing to the problem.

As I said above … funny old world

HMHG haha your posts do make me laugh. Bit lacking in accuracy but entertaining.

Very very good!

Small clerical error corrected within a few hours. Makes the complete overreaction on this bb look a little silly.

Not sure that a single careless error, probably by an office employee, fairly equates to “… an abysmally unprofessional report …”. It shouldn’t happen but I think a sense of perspective wouldn’t go amiss. However that is just my opinion.

Anyway easy enough to calculate the correct holding from total shares and % held.

The last 6 Q Updates have all been within 1 month of Q end and that appears to be current policy. The eagerly anticipated Q4 Update is therefore likely to be published within the next 13 days if BMN stick with the pattern.