Member Info for RichKen

Thanks Olly4, The Electrolyte leasing will be working with a financial partner in the same way many retailers do for financial contracts. My wording there may not be quite correct. Sorry for any misunderstanding.
Cheers RK

Massive news. That will increase our ROM number yet again. Let’s hope Ophidian is reading undercover!

Many thanks Bassguy. Things are going very slowly. My good lady although home is still in a lot of pain, she is finding it hard. But day by day there is progress. The recovery period from her operation is 6 to 12 months according to our surgeon. There are several levels of the operation and unfortunately my Claire as her tumour was 10 cm was the most complex. We are happy she is home but wish the pain would subside.

The point on Nitrovan is a good one, there is around a 5% premium, but the product has been around for some years and it is not easy to just put the price up by a larger percentage. It is a little frustrating to Fortune and the team. In many respects the selling price should be 20% higher. However, if you think about it it is a huge advantage to buy product from Bushveld Vametco compared to other suppliers and in every market having a unique selling point is a key advantage for us.
You can see the details on this in Alfacomp’s visit report on the Bushveld Perspective.

https://www.thebushveldperspective.com/blog/public-articles-1/post/vametco-processing-plant-visit-408

Cheers RK

It is not announced publicly. But during the visit in February it was days from being handed over for the test to commence. When Alfa saw it it was fully operational. Did you read his report?

That will get you back to the number 1 spot Alfa!

Meanreverter - I think there are some very clear reasons why people like to see growth in the share price:

1. You invest in a company to gain a financial reward through organic growth and to build an income from dividends.
2. If the investment performs it should beat interest rates in other saving mediums such as banks and savings accounts and the stock market historically has done just this.
3. You save in an ISA to build a future for yourself and your family to cover the costs of important things in your life. Regular savings in an ISA would give an income tax-free pension over a long period and share price growth accelerates the amount you will receive which you will need when you retire as most company pensions will yield very disappointing incomes.
4. SIPP - The regular saving into a SIPP can be very beneficial as a supplement pension or for self-employed people the only pension they will have. Invested in successful companies with good share price growth this will build up into a very good amount which you will need to live through your retirement. Most successful investors will select a drawdown pension at crystallization. However many people have there pensions pots used to purchase a pension from an insurance company. These are called annuities and typically only pay 4% to 5% so a £1 million pot would pay £40K to 50K which is lower than most professional peoples salaries in the private sector. So selecting companies with good growth potential and strong dividend potential is critical.

I hope this outlines reasons why we might want to invest in companies with growing share prices! Nobody wants to invest there hard earned money in a company and then lose money! Remember though investing is a long term strategy!

It is not just about building a pot so you can then buy some extravagant purchase or holiday! It is about securing your future.

Investing in Bushveld Minerals could potentially help people with these savings plans.

Please do your own research in the usual places and take advice from a professional financial advisor!

Cheers, RK

Bushveld Minerals Company Structure
• Outline a capital allocation framework and dividend policy in Q1 2019
• List on the Johannesburg Stock Exchange Q3
• Develop the organisational capacity to align with the Company’s
growth

Bushveld Vametco:
• Enhance Vametco’s operational performance
• Targeting a production platform of 10,000 mtV in the medium term with Brits mine added
• Mokopane Vanadium Project - Secure a New Order Mining Right as soon as possible
• The completed second phase of exploration programme at Brits, results will be provided in Q1 2019

Bushveld Energy:
• Delivered the first VRFB project with Eskom in 2018 - now under full 90 test
• Grow the VRFB project pipeline across Africa with Eskom and other opportunities
• Supply electrolytes to downstream stakeholders in the vanadium battery supply chain
• Develop and build an electrolyte manufacturing plant, with minimum capital expenditure due in Q1 - 2020
• Design and implement a vanadium electrolyte rental product to enable VRFB to be competitive irrespective of
vanadium pricing!

Organic growth:
• Leverage of high-quality vanadium resources 440 MT of Ore!
• Existing global vanadium market share of circa 3%, expected to increase in the near term

Targeted brownfield opportunities:
• Continued focus on enhancing value through targeting of new brownfield opportunities - coming soon!
• Diversify product portfolio
• Targeting the production of 10,000 mtV in the medium term and 20,000 mtV beyond that!

Bushveld Minerals have a very clear strategy to grow this into a mega business with a very high-profit income that will please all investors.

Cheers, RK

- Bushveld Minerals is making a huge profit every week - over £1.9 million based on current ROM and $75 per kg
- They the Vametco mine throughput appears much higher this year based on the shipments to the US and implemented control by ramification in structural management and maintenance
- They have an initial production target in 2019 of 3200 to 3400 mtV based on 90% of the maximum with upside potential!
- Vanadium pricing was holding well in Q1 and is already rising now the Chinese New Year is over!
- BMN have two key products being shipped (60% to the US where there is no local supply) Nitrovan 12 and Nitrovan 16 (both superior products to standard 80% FeV as they only need 600 grams per tonne rather than 1000 grams per tonne make steel manufacturing more cost effective)
- Bushveld Energy have their VRFB at Eskom. The full 90-day evaluation of the 120kW/450kwh VRFB at Eskom is underway. It is working well as witnessed by the recent investors visit.
- Bushveld Energy is confident that the successful completion will bring significant contracts to Bushveld Energy and the SA Government have a focus on locally mined and manufactured systems to be used in SA.
- Bushveld Energy is proceeding with the pilot plant for Electrolyte at Vametco with their own vanadium grade
- New Electrolyte plant estimated with $10 million is funded already in partnership with the IDC and this will have the facility for electrolyte and VRFB manufacturing and assembly on its site in East London SA production ready for the end of Q1 2020 (ELDZ)
- The switch to Vanadium Redox Flow Batteries has won much praise from the SA Government who are promoting the needs for mining and other industries to switch to renewables and energy storage
- When you have the President of your country pointing the finger at your technology what larger endorsement do you need! Job creation, exception kudos for South Africa - mined, built and powering Africa's green future

- The company has a full expansion capacity target to grow production to over 10,000 mtV over the medium term and over 20,000 mtV over the longer term. This will make them the largest global supplier.

- Bushveld Minerals will be listing the company on the JSE - WITHOUT resulting in any dilution of the company and the need for any more shares on to the market which is very good for current and new shareholders. Expected end of Q2/ early Q3. Completion by end of 2019.

- New projects will be debt financed if required through leverage of high cash generation from existing assets.

- The icing on the cake will be the confirmation of shareholder dividends from the strong profit generation!

- The whole management team and workforce are highly motivated to succeed and grow this business!

Alfa there are few questions that would be interesting to have feedback on:

1. Do existing manufactures think it will be possible to increase energy density in a VRFB, so that for a given size they will be able to develop more compact units, reducing the footprint of large grid ESS systems?
2. For domestic home and small factory units, do manufacturers see this as a large potential market to store solar energy and lower cost energy from off-peak as well as power back up using VRFB because of the elimination of thermal runaway?
3. What limits the life to 20 years and can this be extended or is it that we just actually don't know the total life of a VRFB system as they have not been around long enough?
4. Where do the current manufacturers currently get their vanadium electrolyte from and do they think that leasing from the electrolyte manufactures will be the future?
5. Do they think that the electricity suppliers and the distribution grids are fully aware of the advantages of Vanadium Redox Flow Batteries and the benefits they can bring to load leveling through the day?
6. How are the large manufacturers bringing the VRFB in front of the project managers to open their minds to the new technology and ensure that VRFB are implemented?
7. Do they see the largest potential in developing markets or in the transformation of the traditional grid markets in industrial nations around the globe?
8. How many MWh's of ESS do they expect the market to take in the years ahead and how big a percentage do they think that VRFB will take on projects compared to the existing Lithium Ion projects?
9. Do they see that the future of Lithium Ion is just for the portable market, including devices, tools, EV's and small home units and then VRFB taking over all future scaled renewable energy projects?
10. How big do they see this market?

That is 10 questions that just rolled off my head very quickly without thinking too much, but they cover a lot of points. We have from the Bushveld Energy 101 Presentation a lot of information, but it would be very interesting to get the information from others.

One other question would be how will these manufacturers work together to awaken the Global Media to the start actually talking about this technology which will in the end lobby the decision makers to see this as a technology which should be the no 1 choice for ESS.

Thanks for reaching out on this focal topic which will be very important research to understand how others see this market which has the potential to turn Bushveld energy into a very large company supplying VRFB in Africa.

The thought drivers that will be awakened, with the answers to these questions will drive the future and make Bushveld Minerals one of the most important Vanadium Miners and Suppliers in the world as we sit on the worlds largest high-quality reserves!

Cheers, RK

The only mention of "joint venture" I remember being mentioned is on the assembly of VRFB. Bushveld Energy will have a plant in the ELDZ producing up to 1000 MWh of Vanadium based electrolyte and BE would partner with a VRFB manufacturer to assemble VRFB potentially on the same site or locally to the BE Electrolyte plant.

This partnership is currently with UET. But no further announcements have been made yet on who this will play out on the final VRFB construction and the assembly plant. This will come soon.

Is this what you mean Pat48?

gkb47- it did if you were in Florida at the BMO conference. The idea of the presentation is Fortune wanted to reach out to potential investors in American markets and it made excellent reading when compared to the US potential vanadium miners who are talking about dipping their toes in the vanadium market.

I asked Chika if she could make the full presentation open to all investors and she did. They decided to RNS it to give maximum exposure. That is good. It doesn’t mean that we will not have all the other news fully revealed very soon.

They know we are expecting it and they are expecting to release it very soon.

Cheers RK

That is the best thing Swanseayellow, I am sure when all the news falls you will be very pleased you did.

Adding now will surely be one off anyone’s best decisions. The potential upside especially as the VRFB market really takes of will be well rewarded.

I have had multiple small additions of the last few weeks. Looking forward to our mega March take off.

Can’t be long now.

Expert, so did we have a specific group of organisations we help. This money goes directly to benefit the children with no administrative costs taken by the organisers and only benefits there education and the building of a small orphanage. I was not asking for large donations. £5 or even £10 by many soon adds up and is easy to afford. But only for those who want to.
Personel giving is an individual choice and that is down to each to make there own choices.
I would rather this did not turn into a discussion. It is a choice for those who give a huge thank you.
Many thanks!
RichKen.

These are the key points due very soon:

Q4 2018 Bushveld Energy
Including updates on:
• Statement on VRFB on test 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
• Could Bushveld Energy install a VRFB at Vametco to reduce the risk from load shedding to ensure production is secured at all times and it would be a great development tool and financial modelling asset
• News on partnership with VRFB manufacturer to be assembled at ELDZ
• Other surprise news to get us all excited!

2018 – Financial Update
• Information pertaining to H2 2018 and the combination of the figures to help excite those in the city who look at Bushveld Minerals and only see 2017 accounts

Brits Resource Update
• Latest information about the expected resource in the ground at Brits and when the mine will be opening and operations will commence.

Dividend Policy
• This is possibly for many investors 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 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 hear from the early days and give confidence to new ones!

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

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.
• Another Brownfield option has been hinted at multiple times and it would be interesting to see this come to fruition in 2019

JSE Listing
• This on schedule to be announced in late Q2 or early Q3 2019 and completion in 2019

As so much talk has been about the NHS on here today, I am going to ask a huge favour and it is a one off!

Whilst my Claire was in hospital one of the doctors who was absolutely amazing at looking after my Claire told us both about this amazing charity she had set up as my Claire asked her about her outside interests. They are raising money to build an orphanage in Kenya. We have had contact back from the family in Kenya who are working every day with these children who have lost their parents. We have personally pledged to give regular donations.

The website is http://altcricketfoundation.org/why-altcricket/

If you can help with a small donation this would be much appreciated. I promise I will not ask again. If you donate please can you acknowledge with a recommendation.

Many thanks,

RichKen

Interesting to see Largo price bouncing up very quickly today.

Not long and we will be following suit.

Vanadium prices rising and our incoming news is growing to be game changing!

Have a great weekend all!

Cheers RK

Sorry, Rob! Just think yourself lucky I am not head of Bushy Communications and Marketing! You would not be able to get in below £2.

Or you would be delighted as your recent investment would be even more significant than it is today!

The news incoming will be great news for many I am sure.

I am still excited that if Ophidians prediction is right for ROM at Vametco being around 818 mtV that is really good news! That would put us on a new target of over 3200 mtV for 2019 before any further upgrades. Close to 90% of the maximum possible capacity. That would be very good for all. Even more so with the upside momentum in FeV prices.

Rob, you have time you'll be ok!

Cheers, RK

Pb940 - these are the expected news items!

All this information is in public presentations or highlighted in RNS or interviews.

The only exception is my thought that if I was operations manager at Bushveld Vametco I would be asking Bushveld Energy could I please install a VRFB to ensure the security of supply and to produce our own information and hands-on experience. It would be also a great training and demonstration tool. This would ensure my plant had power security and I could maximise production without any risk. This would be a win-win for all!

Cheers, RK

Also linked from SloppyGuiseppe's find - a report on Vanadium - you may need to click on the "English" tab if it comes up in mandrin!

http://www.ferroalloynet.com/report/20182023_vanadium_ore_market_research_report.html

Brasi - I guess you mean Q1 not Q3!

What is coming - well this lot for a start!
Q4 2018 Bushveld Energy
Including updates on:
• Statement on VRFB on test 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
• Could Bushveld Energy install a VRFB at Vametco to reduce the risk from load shedding to ensure production is secured at all times and it would be a great development tool and financial modelling asset
• News on partnership with VRFB manufacturer to be assembled at ELDZ
• Other surprise news to get us all excited!

2018 – Financial Update
• Information pertaining to H2 2018 and the combination of the figures to help excite those in the city who look at Bushveld Minerals and only see 2017 accounts

Brits Resource Update
• Latest information about the expected resource in the ground at Brits and when the mine could be opening will commence.

Dividend Policy
• This is possibly for many investors 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 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 hear from the early days and give confidence to new ones!

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

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.
• Another Brownfield option has been hinted at multiple times and it would be interesting to see this come to fruition in 2019

JSE Listing
• This on schedule to be announced in late Q2 or early Q3 2019 and completion in 2019