Member Info for RichKen

Wul_1976 - not sure now is the time to reduce your holding. If anything now is the time to increase your holding if at all possible. This compnay is not going down it is building its position to be a major global player in a market which is in its infancy. You should not compare other AIM shares to this one. You know as well as many how strong this is looking. You have been here long enough to see that.
There fundamentals of this business and its growth plan is beyond any I have seen in a long time. Companies growth cycles go through warm and cooler patches. Just because the price of vanadium has fallen since its high in November, this company is still making significant profit and the fact it can accelerate this number in the form of vanadium electrolyte from lower grade V203 compared to its Nitrovan 12 and 16 product means its even more sure-footed in the vanadium world than any other producer currently. Many investors have fialed to understand what is going on and they see a potential fall. But this will very soon become clear that this could not be further from the truth. That is why many long term holders are still adding to there holdings. I am no exception. Sometimes I add quietly and some times I share. Many are the same. Don't get confused by a few posters here with doubts. They will be the losers!

You just need patience and you will be well rewarded!

All decisions are down to individuals and the risk is in your hands, but make sure you fully understand the potential before switching course.

Hope this helps.

Cheers, RK

Peterfal - that is the best one yet! Made me smile! Have you got that 488 yet?

Just had 9029 more of our golden tickets!

My wife has always said I was born with a silver spoon in my mouth!
Somehow I have always found amazing opportunities and capitalised on them. She calls me Ken!

If I happen to be as fortunate on this investment as others you will be all be pleased and you can add Rich to all your Avatar's!

Enough Said! :-)

The outlook for Bushveld Minerals is very exciting!

Our current price means those buying in at the moment are getting the deal of the century.

The vanadium pricing will be coming back up soon and the cycle will be leveled with the new demand coming from VRFB manufacturers. I fully expect a more level pricing structure as demand increases. A price of around $75 to $85 would be reasonable to expect. But this year it may well peak above $100 in Q3 as the supply-demand strengthens.

What is still to come - well here are some thoughts!

Q1 – Vametco Update – late April - with much news anticipated

Vametco Resource Update
• Latest information about the resource in the ground at Vametco and how the mine could grow and the expected life of mine.

Q1 – Lemur Update - progress on the project which will at some point may lead to a potential sell-off or spin-off once the asset value has been maximised

Brownfield Investment
• It is thought by the recent indications that Bushveld Minerals will develop Vametco with plant expansion to include a new Rotary Kiln to increase the plant capacity to 10,000 mtV.
• However, another Brownfield option has been hinted at multiple times and it would be interesting to see this come to fruition in 2019 which would be very timely to give increased process capacity ahead of the production at the electrolyte plant which will need a minimum of 1000 mtV for intial production

Bushveld Energy Update
Including updates on:
• Completion of VRFB testing at Eskom
• Progress on the electrolyte plant at the ELDZ including completion of the environmental study, timings for construction of the plant and estimated start of phase 1 production for 200 MWh
• News on the leasing business for the electrolyte
• Timings for Bushveld Energy VRFB at Vametco and 1 MW Solar generation to reduce the risk from load shedding to ensure production is secured at all times and this be a great development tool and financial modeling asset and will reduce the Vametco energy bill going forward. This will have the ability to be expanded as the IPP legislation in SA is changed to allow larger generation capacity.
• News on VRFB partnered manufacturer to be assembled at East London Development Zone (SA)

2018 – Full Financial Accounts for 2018
• Information containing full financial results. These will help excite those in the city who look at Bushveld Minerals and only see the 2017 accounts which are a long way from the achievements in 2018!

Dividend Policy with 2018 Accounts
• This is possibly for some investors one the most significant news item as it is news which opens up the structure to make Bushveld Minerals attractive to pension fund managers and will draw in a significant number of new investors
• As Private Investors, we are excited also to see how the company will develop this strategy as it will reward many faithful long term investors who have been here from the early days and give confidence to new ones!

JSE Listing
• This on schedule to be announced in late Q2 or early Q3 2019 and completion in 2019 introducing a number of high-value investors from SA

Mokopane Licence
• This is one news item always on the radar, but investors see this as a huge opportunity for Bushveld to become the largest vanadium miner and processor on the planet. We are all awaiting this one. But it would be incredible if the “imminent news” was to be actually announced in 2019

The outlook for Bushveld is v

To me, this is a sign as more brokers add broker targets that they are seeing this as a long term growth business. On the likes of HL, the more brokers that give price targets of Sell / Neutral / Buy gives much stronger confidence.

Any broker issuing a target price higher than the current price gives confidence that we are undervalued. Any long term holder here knows very clearly.

SP Angel our key broker and Nomad have a target price of 87p based on a FeV price of $75. Currently, they have stated that there is a FeV price of $56 per kg in China so this equates to 65 pence at today's prices. SP Angel reinforces a Strong Buy for Bushveld Minerals.

Given the business is expanding its operation in the next 3 to 5 years to 10,000 mtV per year this is a strong potential on its own. However, the broadening of the business into energy storage with the new Electrolyte plant which will be constructed later this year with a target for production in Q1 2020 with a production target of 200 MWh of electrolyte quickly expanding to 1000 MWh will give a significant increase in the revenue stream to the business.

These points are critical to the long term growth of this business.

Fantastic insight into four European VRFB manufacturing processes and incredible how the development will reduce weight and increase flexibility. Most interesting is the opportunity for car charging stations. This could easily become one of the largest markets for Medium sized VRFB’s and would be one to mass manufacture. Imagine how many work place car parks, shopping centre car parks, hospital car parks as well has service areas will be installing this systems and then potentially earning revenue from your parking and topping up.
I think this market and its potential is still not fully understood by many. I think that there will be opportunities for manufacturing in many countries with a few large electrolyte suppliers providing large quantities in tanker formats. The opportunity for Bushveld Minerals to capitalise on this will not be missed by FM and MN.
Those leasing contracts may be very lucrative indeed. We are perfectly positioned to exploit this market.
Top marks Alfa for a superb report, yet again.
Many thanks!
Cheers RK

Not likely. Have you looked at their accounts and there salaries of the directors.

Let’s stick to Bushveld Minerals here thanks.

Based on that report from today - I wouldn’t want to be invested in oil, gas and coal. These funds are looking at very different energy green energy and with that will come energy storage as the two go hand in hand.
However no may be the time to divest one asset so we don’t have muddy water.
Focus on vanadium and VRFB and partner with a great solar supplier or even a wind opportunity and we might have something very special indeed on a continent where it is needed most and has the finest opportunity.

Let’s hope these funds have us in sight.

It should be noted that SP Angel are still re-enforcing the position that Bushveld Minerals is a “Strong Buy” in their update today.
In my calculation from earlier based on today’s FeV price we still have a target SP of 68p. As soon as the vanadium price increases this will lift too.
If we consider the intention to rise output to 10,000 mtV per annum this is over 3 times today’s output then you can see the potential excluding any uplift for Bushveld Energy an the electrolyte potential which will bring a higher profit margin than the Nitrovan product.
So exciting times will come here. Do not be dragged into the thought process being plagued by the naysayers!
Cheers RK.

This helps you to understand of the market and benefits:

http://www.bushveldenergy.com/images/Power%20Transmission%20Africa%20conference.pdf

The transmission of power is expensive and difficult in Africa. ESS eases this issue.

There has been much discussion on here with questions on energy costs. Have many people read this report?

http://www.bushveldenergy.com/images/lazards-levelized-cost-of-storage-version-40-vfinal.pdf

Peterfal, you did well with your call. The fundamentals of this business have not changed and we are very undervalued and we will be in a very strong position going forward, so the only way should be up!

BBN, you make some very strong and valid points in your reply to Knuttie!

The level of increase on SP rises for some is incredible (from the individuals buying price) when it is rising and quite frightening when it is falling. But, I hold much hope to the points you make at the end of your post with respect to the upside potential for the business to the Increased capacity to 10,000 mtV per annum and the electrolyte plant let alone other potential triggers which should and is most likely to deliver such a large uplift to the current SP prices on which many new and long term investors have insight. The key though is the timing for these projects.

If we take Sp Angel's current broker note target based on 87p at $75 our current target being slightly pessimistic at $59 per kilo is still 68 pence per share. This is some upside from today's rather hopeless valuation of 33p. That is based on our current income and output.

So any upside in capacity and pricing on vanadium will be very helpful to confidence in the SP in my humble opinion.

Bushveld Minerals (LON:BMN) 32p, Mkt cap £364m – Eskom signs US$180m loan for renewable energy expansion

STRONG BUY (from BUY) - Target Price 87p

(Bushveld Minerals now hold 74% of Vametco and 84% of Bushveld Energy its vanadium redox battery unit)

- Eskom, the South African state power utility, has secured a US$180m loan facility for the expansion of renewable energy.
- New Development Bank’s ‘NDB’ COO Xian Zhu signed the deal with the Eskom CFO on Monday.
- The New Development Bank is a multilateral development bank established by Brazil, Russia, India, China and South Africa.
- The project will integrate a total of 670 MW of renewable energy into the power utility’s grid..
The news does not include any comment on grid storage which will become an important part of future renewable energy projects.
- Bushveld Energy is currently running a trial 450kWh vanadium-redox flow battery at an Eskom test site in South Africa.
They have also initiated development of a smallish 1MW mini PV grid paired with a 4MWh vanadium flow battery at the Vametco plant. This will supply around 8% of Vametco’s electrical power consumption and in theory, should be sufficient to supply several thousand houses in South Africa.
- Eskom is preparing to roll-out 1,400MWh of battery storage this year with completion by 2022.
- Conclusion: The advance of renewable energy in South Africa will create a greater need for more battery storage for grid support and balancing. This should be good for Bushveld Energy assuming the Eskom trial supports the use of Bushveld Energy’s vanadium-redox flow battery.

All positive news I would say!

5 mtV is required for 1 MW/h of electrolyte from information provided by Bushveld Minerals

http://www.bushveldenergy.com/technology/additional-information

Great presentation for the people attending in South Africa - this is a great example of Bushveld Energy showing local business what can be achieved and demonstration of funding available for the projects through various financial assistance. If there is take up of this opportunity being shown this is beyond Eskom and allows business especially in mining to reduce their energy costs over the next 20 years especial if Eskom is increasing the charges by 25% to help recoup their situation this is a huge incentive for large users to get within the IPP window.

This is showing the Bushveld are being very proactive at marketing the opportunity and the return on investment.

Very positive for us!

Raffym- all true great post!

J, I do agree it is a disappointment. When it is sorted then we will be much happier bunnies!

Daisydog - Mokopane is completely out of BMN's control. It is like you trying to go against a planning officer on a grade 1 or 2 listed building. You have to go with the local government decisions and at there speed. We have to await their go ahead. It is not down to Bushveld Minerals.