Member Info for RichKen

Expert, I see the Stock Price falling, but I don't see any more selling than any other day. Infact there seems to be more buying which again for umpteenth day in a row is odd and there is more buying then selling but the MM's are doing there best to bring price down as it seems to suit them.

Yet again I would say I would like to see this brought under control by a change to SETS so the market is not controlled in a negative way.

There is every reason why the investors should be buying in at these crazy prices and pushing us up not down. The situation is frustrating but our fundamentals will deliver us through and I am not selling or going anywhere else soon. Expert you have been buying on the dips (as you have said) and I am sure you will continue to do so!

We should be double the current SP, at a minimum, and in reality, should be well above £1 right now to be anything like fairly valued. IT WILL COME!

I said this yesterday and it really is worth repeating!
Anyone selling now, in my opinion, is off their heads!
Unless they need the money for something essential like pay a tax bill!

Why?

Simple.
- This company is making a huge profit every week - over £1 million (2018 accounts due in March)
- They have resolved the Vametco mine throughput issues and control by ramification in structural management and maintenance
- They have an initial production target in 2019 of 3200 to 3400 mtV
- Vanadium pricing is holding well in Q1 and is likely to rise after the Chinese New Year
- BMN have two key products being shipped (60% to the US where FeV prices are strongest) Nitovan 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)
- Bushveld Energy is running final settlement tests days with there VRFB at Eskom. Ready to start the full 90-day evaluation of the 120kW/450kwh VRFB at Eskom. It is working well as witnessed by investors last week.
- Bushveld Energy are bullish that the successful completion will bring significant contracts to Bushveld Energy
- Bushveld Energy is proceeding with the pilot plant for Electrolyte at Vametco
- 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 on its site in East London SA ready for the end of Q1 2020
- 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!

- The company have a full expansion capacity vision to grow to over 10,000 mtV over the medium term

- 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.

- 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!

The company is in the strongest position with a growing market and will be in the strongest position to be a major player in the huge energy storage market worth $50 Billion by 2027 and which will need around 80,000 mtV just for the VRFB market by 2027 based on extensive market research.

This is one compelling investment! It is a VERY STRONG BUY!

Those selling will have tears in the eyes when they see what this company will have achieved in the months and years ahead. Many may not see the light and be a little impatient. But if you are patient you will

Halespur, funnily our visit should mention G4M before I discovered BMN I had a run from July 16 to December 16 with them. Bought at £1.22 and sold at over £5. Very quick rise. Great idea in the day. Some of my fellow investors would remember me tipping them as I did Boohoo at 38p. Sold them at £1.5 to buy Bushy at 5p.
VRFB are an even better potential and they will deliver stronger growth going forward.
I think my record has been reasonable and I trust my research here too.

Both numbers will be amazing and potentially available!

I would take either too. If I could get it there I would chaps!

£2 by Christmas would be just perfect for 2019! I am sure every investor would be happy with that for Christmas!

Alfa, Yet again a truly fantastic summary of the visit with all the essential information included! Tanks to Sanchez to for his support work in the background helping it read perfectly. Yet again a true reference piece for many to read as our story grows. I am sure these 3 pieces will be read over and over by many and rightly so.

Makes you wonder how excited we will be when we here that Bushveld Energy has been selected for multiple tenders for the new energy storage projects! That will be a day and we will be jumping with a Shumi Leap, in old F1 days!

Thanks, Alfa. Great work and massively appreciated! I hope for your sake the SP gets to £20 before you retire! You will deserve every penny of the reward!

Cheers, RK

LL, I am not sure that the market analysis is the most important point at the moment.

What is happing to build this company and give it the full foundation to be what we want it to be in the years ahead is more important. I actually think as an LTH it is giving too much information to amateur traders. It should only, therefore be made available, if at all, to verified holders via subscription. This is my personal view and I am sure many enjoy the service that Alfa has given. It also should be remembered that he has been doing this every day for months without pay or true recognition. Maybe it is time for a change.

Something new could be coming, that may be even more important to explain the upcoming story. But whatever the basic fundamentals and buy of the shares is what drives the price up. If we have a fund or trust unloading then they can't be far from finished and when they have the breaks will be well a truly off. As has been pointed out before the Erongo story from the Bushveld Perspective. Once they finished we had a very significant rise.

No JSE until end of Q2 beginning of Q3 based on what we have learned this week so far and NO dilution!

Cheers,
RK

BBN, Many thanks as always all your points are incredibly well thought out and I expect nothing less from you.

All the points come together at some point and I truly believe that point is now. You are right if they get everything in step in this quarter and we see a number above 800 mtV. This would be very good. But they should be targeting 850 mtV every quarter from now. This would show they are delivering on all the effort put in. Clearly, they have put a lot in on quality control and meeting their client's needs.

Let us feel optimistic that they can deliver on the deliverables and the expansion can be funded clearly from the cash flows, investment, and projects that are lined up to take this company to the true next level.

Knuttie makes a good point, this is our first full year in full control and delivering is always what an investor wants, plus our growth and plus the potential. This company has all those with vanadium knobs on!

Q1 in April will give us more pointers and by August we will have the potential news flow to really blow peoples socks off and give us the lift to get us towards the £1.60 to £2 target SP by year end.

My eye is still on the ball... and I believe so have the BOD and the full team at Bushveld Minerals.

I appreciate your challenges they are well thought through as is every detail of your analysis and it is why you are one of "THE" most valued posters here. Keep up you truly valued work.

Just to keep labouring the point, this truly is a strong buy at these prices. If we were £1.50 I would still say the same thing.

Cheers as always, RK

Uncle John,

I understand your predicament in the scenario. But given that most LTH here have continued to add throughout the up and down cycles and given we know what will still unfold. I still don't see many wanting to derisk at a point where the prices are lower than the position in the '40s from some weeks ago when the price is going to bounce quickly at some point in the near future to 50p plus. I make the exception for those needing to seel for tax bills, salary or VAT quarters. If you were a savvy investor/pensioner, you would not panic unload at the point the price is at its lowest for 6 weeks. It makes no sense. You would drip feed off over a period of time in the rise, not in the fall. That is what smart money does! You don't become wealthy selling when you should buy and then buying when you should sell!! Otherwise you will be a very unpopular uncle!
This is not advice just an opinion!
For unbiased advice, this is a SCREAMING BUY ;-))))

Cheers, RK

Hi Cindercone,

I think the key to this issue is that since Bushveld Minerals have had 100% control, that is 75% and then to comply 74% ownership they have spent no time it getting the plant running the way they want to have it managed! This means putting right the years of neglect it experienced under Everaz. This has meant using the management in the most optimized way to bring the plant back up to speed. This are not actually missed targets, from my side these essential requirements to ensure the plant can run efficiently in 2019. The company are not learning they are managing this correctly to ensure that the future is sorted. Any investor reading the presentations and the information would be delighted with strong, positive management. They are making tough decisions in 2018 to make 2019 a complete success.

Let's put our feet forward and stop writing negative thoughts and see the future for what is! Incredible and mega positive going forward. The presentations and Alfa's report makes things very clear what is going on!

Cheers, RK

Anyone selling now, in my opinion, is off their heads! Unless they need the money for something essential like pay a tax bill!

Why?

Simple.
- This company is making a huge profit every week - over £1 million
- They have resolved the Vametco mine throughput issues and control by changes in structural management and maintenance
- They have a production target in 2019 of 3200 to 3400 mtV
They have two key products being shippped (60% to the US where FeV prices are strongest) Nitovan 12 and Nitrovan 16 both superior products to standard 80% FeV
- Bushveld Energy are more than 15 days into the 90 day evaluation of the 120kW VRFB at Eskom and it is working well as witnessed by investors last week
- Bushveld Energy are bullish that the successful completion will bring significant contracts to Bushveld Energy
- Bushveld Energy are proceeding with the pilot plant for Electrolyte
- 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 on its site in East London SA

- The company have a full expansion capacity vision to grow to over 10,000 mtV over the medium term

- They will be listing the company on the JSE - WITHOUT resulting in diluting any more shares on to the market which is very good for current shareholders.

- 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!

The company is in the strongest position with a growing market and will be in the strongest position to be a major player in the huge energy storage market which will need around 80,000 mtV just for the VRFB market by 2027 based on extensive market research.

This is one compelling investment! It is a BUY a VERY STRONG BUY!

Cheers, RK ;-)

A few days ago we looked at the percentages being exported. In the new presentation there are some changes.

So for comparison:
Vametco Production was sold based on the following in CY17
- United States 52%
- Asia 18%
- Europe 16%
- Rest of World 7%
South Africa 4%
China 3%

Vametco Production was sold based on the following in CY18
- United States 60%
- Europe 16%
- Asia 10%
- Oceania 7%
- Africa 4%
- Middle East 3%

So definitely a focus on new customers and increasing exports to the US where they are seeing the benefits of using the Nitrovan products for their steel. Interesting that the area in the world where you expect they would demand the highest quality is the growing market for Vametco. Also where the prices are holding up the strongest.

Cheers, RK

Just to help, Chika has emailed me to let me know that as soon as Indaba has made the recordings available from the presentations at 1205 and 12:25 from today, they will be published on the BMN website. She doesn't know when yet, but it is coming!

Good news!

Cheers, RK

Updated for 2019

- Experienced mining entrepreneurs in our BOD.
- No outstanding warrants or debt.
- Dividend policy to be announced in Q1 2019
- Bushveld own 74% of Vametco.
- Vametco 2018 profits are looking excellent based on our EBTDA of $107.5 million – Due March
- Our share of Vametco profits after tax is over £1m per week at current production and Nitrovan prices of $81 per kg.
- The current world vanadium supply deficit will remain for at least the next 3 to 4 years.
- The new Chinese rebar standards, which started back in November, will increase vanadium demand by a further 30%.
- The Chinese are banning imports of vanadium s l a g.
- The environmental crackdown in China is fuelling the vanadium price rally further
- Global vanadium prices are looking excellent for 2019 and will no doubt pass the multi-year highs reached in November 18.
- China, one of the largest vanadium producers in the world, is expected to become a net importer of ferro-vanadium in the near future accelerating demand in steel and VRFB uses
- Vametco annual production capacity in 2019 has increased to 3400 mtV and we are implementing production levels to 5,000 mtV pa to be in place in 2020
- All current production increases will be paid for through operating cash flows.
- Guidance for 2019 production is 3400 tonnes of vanadium.
- An additional brownfield vanadium production facilities to be secured with potential capacity up to exceeding 5,000 tonnes to be announced soon
- Our Mokopane mining licence is due any time - World largest vanadium resource
- Mokopane early revenue generation is coming based on off-take agreements
- With current V2O5 price this makes our Mokopane vanadium project potential hugely profitable
- Brits vanadium - very high grades confirmed, thereby reducing Vametco production costs even further.
- Updated drilling resource is taking place at Vametco and will be updated in Q1
- Bushveld Energy is opening up the exciting VRFB sector.
- BE has partner agreements with UET and IDC.
- Commissioning of the demonstration VRFB with Eskom, the SA national power utility, is in progress place. Completion due in early April
- Potentially a huge contract is coming our way to supply to Eskom!
- Electrolyte production plant environmental study due to be completed soon.
- Electrolyte pilot plant being installed at Vametco
- Electrolyte plant completion in H1 2020
- Electrolyte leasing partner news to come.
- Imaloto coal has an MOU with Sinohydro.
- Imaloto coal BFS will be published shortly.
- Lemur has signed a binding 30-year power purchasing agreement with the Madagascar state-owned utility JIRAMA
- Potential Imaloto coal sale or spin-off - funding multiple projects ($200m)
- Our 10% Investment in Afritin Mining - first production underway
- Other resources we have iron ore, titanium & phosphate.
- JSE listing Q3 2019
South Africa politics have improved significantly.
New South African investors are re

Alfa, I think it is clear to say they the information you have included in the Vametco report has made the whole process and key components of the operation the clearest yet. For anyone not understanding the operation and quite what all the critical steps are it opens ones eyes. These two reports are the best I have ever seen on an mining and process plant write up and they give the clearest insight into the critical parts of the process.
It agin highlights the critical Maintanance programs required on a plant which is dealing with what is effectively a very abrasive and corrosive product. With everything set up in the best manor they really can hope to achieve consistent processing from here on in.
The detail, pictures and presentation is superb and I am sure Fortune and Chika will be pleased to point people to these two articles.
I would imagine ninjamagic and yourself were able to explore many aspects you never thought you would see. The team have down well.
Looking forward the key many here I am sure would love to understand is what is the key production aspect that will enable the delivery of phase 3 and unlocking of a consistently higher yield.

In the meantime in a mass of news items dropping every day at the moment RNS’s or not these days are exciting.

Thank you for the incredible effort!

Cheers RK

Yachty - Fortune has told us the story is only half told and from Alfa’s part 1, I would say the info he has shared so far is the first of many chapters. This as you can see from the pictures, this was quite a gathering of potential new investors as well as people from the brokers. I am sure there is a lot of news to come here. They want the brokers to be fully up to speed, those large potential investors to see the picture clearly so they can see what the potential is.
We have more info than most through painstaking research and catching everything we can. There are several investors here who have met Fortune on a number of occasions and being the perfect gentleman he gives time to people. The selfless promotion work put in by Alfa as we know is incredible. As many have large investments here. But that kind of support and help is seen throughout the industry including Vantitec.
Our picture is going to become very clear over the weeks and months ahead. I still believe 100% that we are going to witness a dramatic rise very soon and rather than people cashing out, you will see more investors see the huge potential and building there own stakes. I think SETS is likely very soon too.
Poor c2 is wondering if he can make a few quid this week. I thinking about a few 100 grand. Not from trading but from allowing the built up investment do its thing. This industry is going to be huge and Africa is going to buck the global trend. Africa over the next 10 years is in some of its more educated countries is going to have its time. The world needs the next Vietnam for new manufacturing and with it comes the need for power. Solar, Wind and Energy Storage are the key with international funding. The world needs the minerals and ore and Africa has the most of it. China and the developed world will pay. If Africa can see the way to unlock this they have the potential in there hands. Fortune and Mikhail have the vision and fairness as already demonstrated to deliver this company in an ethical and very fair way. Investors will be the silent passengers. Patience will be rewarded.
Exciting week ahead.
Cheers all. Good night. RK

Excellent opening chapter to the Vametco site. I can see this having multiple chapters and more info becoming clear as the week progresses. This weeks potential is very exciting indeed.
Political stability will give SA a continued boost and allow the new policies to be set in stone and give SA finally a chance to make the best of its incredible assets.
Looking forward to Fortune’s presentations on Wednesday and Thursday.

Welcome to the board rodgk01,
Great opening post. Sounds like you have been reading, researching and buying in all the way. Interesting comparison to Homeserve which is a good asset to the service industry. Huge debt they have!
Makes us look incredible. Oh we are! It is just the world is sleeping still.
This giant is about to wake!
Rodgk, how did you find out about BMN?
All the best.
Cheers RK

To anyone who has just discovered Bushveld Minerals,

Firstly, welcome to this board filled with investors who have put time and energy into research.

Many investors are having a nightmare, the global markets uncertainties and the future of the EU are affecting many investors long term strategies. This company is in one unique situation since its creation, the board of directors have worked hard using wisdom and insight with an incredible astute strategy to position BMN as a company which not only mines and produces high-grade vanadium (Nitrovan and V205), but is set to build up its own energy storage business using the very vanadium it mines. This not only adds value as any good business person would tell you but gives you security.

Why Bushveld Minerals in South Africa? Well the country has put years of difficulty behind it, and Africa is having a new birth due to the global demand for minerals and low cost production facilities. One essential ingredient for this is new energy availability across the continent and a huge influx of foreign investment. Renewable energy with wind and in Africa solar is key to installing and creating energy security. But you need to be able to store the power. Vanadium makes up 30% of a vanadium redox flow battery and this technology creates a battery with huge long term energy storage which lasts a minimum of 20 years without losing any of its energy storage capacity. Not like your old rechargeable batteries or even the Lithium-Ion ones found in your mobile devices, car, hand-held tools etc. Bushveld are building a plant to turn the vanadium into a special electrolyte which will be supplied to either their own battery manufacturing plant or other clients around the world. They on course to be the first completely vertically integrated supplier in the world. They are making in excess of £1 million pounds in profit every week. Their market cap is around £418 million and it will rise to multiples of this over the next 2 to 3 years.

South Africa is becoming investor friendly and this company is set to be one of its best success stories and endorsed by the SA President at a recent conference.

This is investment has the potential to richly reward those who come on board. Are you to late? No, you have probably found us just at the right time. This market (Energy Storage) has everything set in place to become one of the largest on the planet with estimates of over $50 billion in 5 years time.

There is a lot more I could say but hopefully you have an appetite to learn more:

Bushveld Minerals
- http://www.bushveldminerals.com/
- https://www.thebushveldperspective.com/start-here2

Hope you find your research as interesting and profitable as we have. Welcome to the board!
Cheers, RK

Good morning all,

Sorry, I have not been up to posting for a few days as I have been wiped out with a virus. Still way below my normal self. Not good as it is only 8 days from my Claire’s big operation. Timing in this case for us has not been good!

So in this last week, we have had confirmation of Q4 giving an ETIBA of $107.5 million dollars which is a very healthy finish to 2018. The full financials are likely before the end of March and will make a compelling case that BMN are making a good profit and are truly kicking way above the station in terms of their ability to generate income and grow their business in multiple ways.

There has been an investor open house attended by John Meyer which has brought a somewhat of the blue news that our Bushveld Energy VRFB is up and running and is in full test and evaluation mode at Eskom. Given what we know about the capabilities of VRFB’s this will be a point of confirmation to Eskom and all investors that we are on our way. A full BE Q4 update will clarify much of this.

Whilst we are on BE, the article in the African Mining Press which “Paludina” gave us the link to yesterday shed more light still. The Electrolyte plant environment study is underway and once complete construction will start with completion likely Q1 2020. However again the hint that BE will provide the site for VRFB assembly which will be a partnership. This will surely be on a site right next to the Electrolyte plant. Why would they not do this as the ELIDZ is ideal for this next to the port?

In the meantime, we should expect news on the progress of the electrolyte pilot plant being co-located at Vametco. All work can be tested and debugged hear ready for production in 2020.

Then are we going to get news soon on the brownfield site which may reduce risk on Vametco and may have a suitable Kiln to give throughput capacity expansion to beyond 5000 mtV? That would be the rabbit out of the hat.

Then the mystery of Lemur? Do we hold or do we let it go? What is worth to us as a current asset or as a future asset. Coal may not be green, but it is still a huge income resource within many large mining companies. Look at BHP, Rio etc. One would be very short sited to let a huge capital asset go before you are sure the value has not been unlocked unless it will take financial resource away from maximising your primary growth plans. We will know soon.
So we know we have a new MM on board with a focus on battery technology. This could be significant, time will tell. Then this week we have the Mining INBADA in Cape Town. So much news to come from there. That large buy on Friday may be a green flag that we are going to see a large uptake of new quality investors. There are clearly many in SA awaiting the JSE listing?

Our next news comes tonight at 7pm on the Bushveld Perspective – Thanks Alfa!

Exciting times is an understatement! The time is upon us. Expect to see our rise start right now.

Cheers,
RK

Maybe Mr Meyer has only told part of the story as it is not his field of expertise. They may be other important investor analysts there who may bring more details. Let’s see what comes over the coming days.
Also you can be sure next week Fortune will be making the most of the news. Maybe the RNS may come very soon.
Cheers
RK