Member Info for RichKen

Pdub and Roscon on the subject of medical support - sorry for off topic but it effects us all!

I have to say our experience has mainly been incredible! But in the end the journey is down to the people you meet and the surgeons, nurses and support workers. They do an incredible job, but in life there are always those who forgot why they went into the profession in the first place as in any walk of life!

I have the highest praise for the team who helped my Claire at Northampton General Hospital and then the consultants and n team in the ITU department at Leicester Royal Infirmary. They are beyond normal people there level of care and support is remarkable and as you would really expect and to think it is a free service in the UK is beyond amazing.

The only but, is the mix ups once you get onto standard wards. The communication between understaffed doctor, nurses and HCA's is frankly rather worrying. Unless you keep your eye on your loved one's medical needs, medication and points made by the consultants and doctors you could end up with medication and support missing. When a team works together and communication is good it is incredible when you have a team that has not worked together it is a disaster. In private healthcare, you get nice food, a nice room, and fast access to your consultants but when you need ITU the NHS has it sorted in my opinion.
Overall though I would say that without everything in place that the NHS provided my lovely Claire would not be home with me now. For that, I will be forever grateful for all who helped her.

Back to Bushy now!

Vanadium Prices start to increase at a faster rate!

China Ferro Vanadium 80% FOB US$74.5/kg vs US$74.0/kg

HaleSpur - I used to think that a huge amount of new money would be added on the first day of the new tax year as people loaded up there New Years ISA. In reality what happens is people fill there trading account during the year and then on the Monday of the first day people do Bed and ISA through there brokers like HL etc. This means they save up the maximum in the trading account through the year which means they don’t save £20k but likely in BMN around £7 or £8k and then have £20k to bed and ISA with.
Clearly not everyone does this or can do it. But with a company like BMN over the last two years this has been possible and for the next 3 it is likely to be a repeat. This is not advice but it can work.
Always take advice from a tax accountant.

But the result is you very rarely see multiples of new £20k being bought in the first week of the new tax year.

So if you have an amount set aside to add in April it may pay to open a trading account and put the money in there ready for a bed and ISA. If we do get a significant lift you will be in a great place.

This is not advice - just a thought.

I am sorry Mikinaman, but I think it is highly unlikely. However nothing is certain one way or the other the way the market is at the moment. It could be 40p, 50p or 87p or even a £1. It all depends on our new investors and large investors react to the coming news.

It should be huge, but will it be? The million dollar question. I am super optimistic so I will be thinking 80p plus.

Congratulations are in order for our CEO - Fortune Mojepelo who celebrates 7 years today at the helm of Bushveld Minerals. What a path he has bought the company on so far! For the last 2 years we have had 300% growth year on year. It is more than possible that 2019 to 2020 will do the same again. Maybe that is why March is such good month for Bushy as they celebrate each year with some great news!

So bring it on - a great presentation today - maybe another 6 RNS's to go one for each year the company has been progressing!

In the short term it would be very good for Bushveld Minerals if they did start to lift up to new highs again. As a producer this will be a huge help to capital investments and the ability to expand the operation at minimal costs. However high prices as help new players offset borrowing costs on new projects too. New projects don't give such quick paybacks when the prices are lower so it is a double edge sword. I think it would be good if they settled around $80 to $100 but a peak of $150 in 2019 is possible, depending on the validation of rebar standards in China and if the drive in China to keep build huge infrastructure projects continues. Currently, it may be that the bigger projects develop in India and Vietnam as they continue to develop. But the world population shows no sign of slowing down so the world will develop and South East Asia is in an Earthquake and Typhon risk area so rebar is essential for their projects.

Then there are a few very large VRFB projects which have the demand to suck V203/5 demand up pushing prices up.

So rising prices is very likely in my opinion. They will be where they will be and demand will only push up prices unless a huge supply stream comes on stream soon which is not looking likely. Lots of talks, but not much actual increase yet.

But BMN are in the best seats on the planet with the worlds largest resource of high-grade ore on the Bushveld complex!

Thanks, BBN - I always appreciate your feedback on the matters and you are spot on with each point.

As you say a lot rides on the Eskom tenders and when they are completed and awarded. For Bushveld having the extra time in the long term actually plays into our hands as these projects always take time to deliver ready for production and then there is commissioning and training to bring the plant up to speed and ensure the production team is ready.

I still see the full value really being seen in 2021/22 and growing steadily towards the end of the decade with a peak around 2027 to 2030.

The inclusion of Mokopane in the presentation is very useful for opening up the potential for new investors as they like to see as we do the upside and the more upside there is the more likely people are going to want to come on board. But the fact this has been again really highlighted may mean that this is more imminent than it was before!

I still see that licence as being a very valuable asset to Bushveld Minerals even if we have huge vanadium resources already without having to put another digger in the ground yet. But if the world demand is going to double by 2027 we need to be starting soon. To get a new plant designed built and in production will be a 3-year project from start to production.

Times are very interesting indeed.

BBN - Do you think they are going to install a second rotary kiln next to the existing one with the high capacity? This would give options and this would be critical to increase the throughput by such a substantial margin at Vametco.

On the Electrolyte plant it was going to be 200 MWh initially and expansion to 1000 MWh before to full capacity with an assembly facility for VRFB next to it. Maybe they are so sure the demand is strong that they need to build ready for the initial capacity end of Q1 and the full capacity end of Q4.

This is a very strong indication of the required upgrades and demands. Fortune will be reading our comments and interpretation with interest! These really would power us forward quickly!

Libero - This will actually have the opposite effect. It will add a significant number of high-value investors from South Africa into the Bushveld Investor stable. When this happens I would expect to see a very good lift to the stock price.

I also think the wording around this is hard to quantify in as much as we have heard that the announcement will be made at the end of Q2/EarlyQ3 given that they will want to clarify all points and dates and it takes time to bring this we can expect that it will all be completed by the end of 2019. This gives plenty of time for any points to be agreed and sorted. For investors in AIM this is not an issue as it will not affect our holding. If at that point they decide for example due to the need to fund a large investment not currently planned for example build a brand new processing plant and mine at Mokopane following a huge announcement this may need a fundraise. But, I think this is unlikely at this stage as is heavily hinted multiple times the first call on Mokopane will be selling ore directly to China. This income will more likely fund the new process plant as the income stream is re-invested in the mine and plant.

So all in all this will be very good for the business and existing shareholders. All in my opinion.

Cheers, RK

Great find SloppyGuiseppe:

Definitely the ideal fund for BMN:
London-based natural resources boutique Baker Steel Capital Management is set to launch a metals and mining fund that focuses on speciality metals for use in the latest technologies.

Following its launch on 11 March, the Bakersteel Electrum fund will be overseen by managing partner and CIO Trevor Steel and managing partner and fund manager Mark Burridge.

The new fund is a renamed and refocused version of the existing Stabilitas Gold + Resourcen fund, which was managed by German asset manager Stabilitas Fonds. The UK group has been appointed to run the fund as part of an agreement between the two firms. As part of the deal, the investment strategy is being refocused in response to client demand.

The fund invests in certain parts of the metals and mining space, including the growth of the speciality metals sector, battery technology and renewable energy, and the recovery in the related precious metals sector.

The fund house is targeting these areas amid the expansion of government regulation, decarbonisation policies and incentives to improve sustainability given the rise of environmental concerns over fossil fuels.

Brasi - thanks for sharing the presentation from the BMO Florida conference. Some new slides added to the Cape Town presentation.
Especially on Mokopane - let’s hope that is warming up to a big announcement! That would be the icing on the cake for 2019 and would be massive in driving the SP upwards. It would also very likely make some other potential vanadium miners very nervous which would be even better for us!

Let’s hope that comes very soon. It was good to give insight to this in the US as our biggest customer and they would be very excited to invest in a company with such huge potential and resource. Let’s hope they pile in soon. Well at least next week after Pdub gets his funds in place ;-))

Has there been a RNS signal today?

Tomorrow would be a very good day for the first of many this month.

Thanks for the kind messages about my Claire. Post oesophagas removal, unfortunately a special meal is out of the question Rob. It is very small portions of high calorie wet food, soups and feed via a pump through the night. But any home made food is like nectar for my good lady compared to genaral hospital food!

Interesting discussion:

https://www.youtube.com/watch?v=SEsx6wPCQiM

Signed - Both Mr and Mrs RichKen

Yes, that means My Claire is home after 22 days in the hospital! I am very happy!

That is why we are sitting in the best seats in the house. We have the inside track and will be riding high when they wake up after the full audited accounts are finally showing on all the major investment websites. They will see the profits, see the cash on the books and the dividend policy and the say oh! Where did that little AIM company come from? Let’s run soon me figures and see what plans they have! Research returns, they are going to be huge and then they pile in! Late 2019 anyone?

Let’s hope the buying starts very soon after the first RNS. It is interesting that other analysis is pointing in the direction of £2 plus. This would be a very good place for 2019 to finish at. This was at the top of my estimations. But once the big investors start waking up to this the sky is the limit.
I would really like to see BMO give a broker target. It would give investors even more confidence. Really you need 5 broker targets pointing at significant upside to really affirm lazy investors to see a green flag to invest.

There is far too much information unknown on this story to make any predictions apart from they will need a significant capital raise to progress. A typical process mine and process plant will cost in excess $350 million. If you are not already a producer that is a large capital raise.

This is an interesting story but like other Aussie potential vanadium developments, they are far from certain. Let's see if they even list on AIM before wasting too much time talking about something which may not happen.

Too much about to happen here. I don't think you will be worrying too long about the missing shares for too much longer. Pressure is building!

Read my post, BO and listen to the presentation linked at the end!

What is your holding here and how long have you been invested? We would be interested to learn. We all like to hear how people found BMN and what made them want to invest. Look forward to hearing your story.

Cheers, RK

Dav3j and uksteveg - I know these variations on when the quarter updates arrive is slightly unnerving for some. But to be honest, I would much rather they released the information when they have everything right than release information on a certain date and not be able to communicate the information that we are looking for.

This is not Tesco's. This is a multi-company operation which is going through its critical year. If you have both taken time to listen to the Audio Presentation this evening you will have heard Fortune say that this is the critical year. He said much of what we expect to here in the RNS on Bushveld Energy. He made it clear in Cape Town and he made it clear in Florida. The presentation slides from Cape Town and Florida are the same so if you watched Fortune in Cape Town it was the same presentation. He just had more time in Florida - just!

The Q4 BE will just put more detail on it, but the message is strong and assured so please do not worry.

This month is month 3 of the year and it will surely give a big growth story be the end of this month. But be sure that in 9 months time as we head into December we will have seen a lot more significant news and you will be sitting in a very good place. So keep calm and have faith in the work being worked through. I don't think I have ever seen so many positive signals pointing to a complete success story in the years I have been investing.

One thing I am sure is the workforce is highly motivated they have the knowledge they have bonus payments coming and a promise of share ownership later in the year which will give them all a huge potential stake. they most likely don't understand the situation as well as we do unless they read this board. many companies would do much better if they had confidence-inspiring leadership that BMN has!

Listen to the presentation again! http://www.bushveldminerals.com/bmo-audio/

So sleep tight, stop worrying and let the company achieve its goals!

Cheers, RK

Just in case anyone has missed this new presentation released today:

http://www.bushveldminerals.com/bmo-audio/

Just audible!