Member Info for RichKen

Alfa - sorry my friend but in your report summary you mean 40.155 (not 45.155).
Just to be 100% correct.
Cheers,
RK

Alfa - your are spot on with your pick. That relationship and its potential will blow the socks off anyone with any concerns with where we are going. Quite how Fortune and Mikhail and the team have managed to build these incredible bridges to set this in place is truly mindblowing.
That total collaboration with the potential in South Africa as well as the rest of the African continent as it goes through its own China moment over the next ten years will make this company a multi-billion pound company. Dont forget that the relationships between China and the African nations has been forged through political alignments where many African Nations have sided with China in many UN votes and in return China has invested infrastructure projects and industry. The key one first and foremost in any new development of a region is power! So inconjusction and partnerships Bushveld Energy has the potential to be absolutely huge as the first truly "African Energy Storage Supplier" utilising African resource and with the built-in Africa label which will please any nationalistic African.
Timing is just perfect. Once others open their eyes to this and see the light they will truly regret not being in invested in this company.

Risks - not many. We will have 2 or 3 mines, minimum of two processing plants, at least one electrolyte plant, a VRFB assembly plant (joint venture), an electrolyte leasing company (joint venture).

Supplying 25,000 to 35,000 mtv per year and producing a minimum of 1000 MWh of electrolyte (if everything takes of most likely 4 times that by 2025 to 2027).

Company Valuation - 2028 - ten years from now if VRFB technology becomes "Number 1" in energy storage for Grid and Off-Grid - Potentially 15 to 20 million - who knows. It will be a big number. We wont be talking about CHina, we will be talking about Africa.

Alfa - That book you are righting will sell better than any Warren Buffet book!

That's enough excitement for one night - I am home and time for a bottle of beer and a relax!

Have a fantastic weekend all! Keep warm!

Cheers,
RK

PS sorry if I am too positive ;-)

PPS - Chartist2 your apology is well and truly accepted! Just try to see the bigger picture.

The growth of Bushveld Energy with the Electrolyte plant will be the driver for the rest.

Mokopane will be the security of supply for VRFB production. It has the potential to supply a large part of the world's vanadium for electrolyte once it is given the permissions needed.

The dividend policy will be good for shareholders and will give much confidence that their investment is being recognised.

Vametco Upgrade and extension into Brits will be perfect to expand Nitovan production for rebar and steel strengthening and will make us potentially the largest single premium supplier in the world of high-grade vanadium. This will be with the brownfield acquisition.

I believe all of these will be in place by the end of 2021.

Hope that puts the stake in the ground and answers my key transformational milestones for BMN growth.

Nick is of course right, any or all of them will be transformational!

Cheers,
RK

One point I would like to add is the change from SETSqx to SETS for MM SP. this will be key to moving into the AIM50 and beyond. Then days like today might actually bring our price up!

Go back through my history numpty5. I made a few observations on this today.
Cheers
RK

Also Alfa asked me what I thought would be the biggest influence to our growth. I will post again when I have a moment.

Thanks young lady! Always good to have someone keeping an eye on you!
Hopefully after these bloods she will be much stronger. Docs, said she may even come home tomorrow! So I need to make sure everything is spotless!
I am a bit OCD so lots of hand cleaning!
Cheers
RK

Hi Knuttie,
That is amazing news. Incredible progress. You must be feeling much relief so far.
My Claire is currently having a blood transfusion as we speak. She is still neutropenic. So again unlikely to come home tomorrow.
Claire was really pleased to hear Liz’s news!
Thanks for the updates. Please send her our love.
Keep strong Knuttie!
Cheers
RK

Nice one SloppyGuiseppe - I am all for all our hospitals to use renewables and fit batteries within. They use huge amount of power for lighting, pumps etc.

Get those roofs covered in solar panels and let's get some VRFB installed. Reduce the electricity bills for the NHS and spend it on nurse and equipment!

Cheers,
RK

Thanks BBN.

Q1 2018 was 731 MTV from the RNS on 27th April so we should be looking at a good increase on that for Q1 in the region of 877 to 937.5 to be really in the annual capacity zone.

It really will be interesting to see how close we can get, with an estimated Q1 average of around $80 to $85 per kilo.

That will be a great start to 2019.

You really are definitely not alone in thinking we will soon get a very decent increase in SP!

Cheers,
RK

Bassguy - Great chart! I love the last part. Nick was promising the elephant. Is that a trunk curve. Something to add to the next TA study. Unique to Bushy.
We need Ophidian to give some feedback!
Cheers,
RK

BBN - Those are still massively important figures and will still bring huge confidence to investors.

Last year Vametco Q4 was on the 22nd January.

Ophidian's article on TBP clearly shows and explains the importance of the Run of Mine which determines what goes through the plant and the efficiencies they can achieve.

With everything in place if we can then have a Q1 which we are now in which shows 20 to 25% increase from 2017 Q1 then we will have confirmation that the operation is really getting in the window in 2019.

I still think we will see the plant upgrade completed earlier in 2019 to 5000 MTV. Some time in Q3.

All exciting and potentially fantastic news.

Cheers,
RK

993444 - When Mikhail was talking he said he saw the future in Africa on mini-grids. This means solar or wind power generation feeding a VRFB supply to village or small town or industrial zones etc. They are never going to install a Africa Continent grid system. It would cost too much! This is the market that BE really want to get into as they can sell over the whole of Africa, with the potential to grow further afield. The market opportunity is absolutely massive!

That is why they are looking at partnerships on VRFB's. UET is of course already there with them.

Given that China is looking at Africa as the industrial expansion as it still has low-cost labour, huge mineral resource, sunshine and wind for power generation. The opportunity for investment and the timing could be incredible.

That is why this investment is more than just the price of vanadium.

Cheers,
RK

Gambitxjs - they should be able to pay for it ok! Plenty of daily sunshine to charge it too!

UAE could be a major client for BE long term. There is a country with a few people who would be keen to be investors long term too! Plenty of places to build a factory there! Did you look at the window coming into land! There are miles of roads and industrial areas waiting to be developed!

Cheers,
RK

One of the key advantages for VRFB on hotel installations is they are safe. Lithium-Ion have a greater risk of fire, due to heat energy dissipated during charging and discharging. Also, Li-Ion has a limited lifespan - 3 to 10 years maximum

So you would not want the Li-Ion battery to close to the hotel! A VRFB could be installed in the basement and it will last for a minimum of 20 years. Also VRFB set can be charged and discharged at the same time!

The potential and long-term reliability will be much stronger. I think manufacturers will be soon contacting the key electrical supply companies around the world, they often finance these projects!

Bushveld Energy may well be able to get into this market in 2021 if not before.

Cheers,
RK

Alfa - The growth of Bushveld Energy with the Electrolyte plant will be the driver for the rest.

Mokopane will be the security of supply for VRFB production. It has the potential to supply a large part of the world's vanadium for electrolyte once it is given the permissions needed.

The dividend policy will be good for shareholders and will give much confidence that their investment is being recognised.

Vametco Upgrade and extension into Brits will be perfect to expand Nitovan production for rebar and steel strengthening and will make us potentially the largest single premium supplier in the world of high-grade vanadium. This will be with the brownfield acquisition.

I believe all of these will be in place by the end of 2021.

Hope that puts the stake in the ground and answers your questions Alfa.

Nick is of course right, any or all of them will be transformational!

Cheers,
RK

Africa for utility-scale storage over the next 5 years is 80-90 GWh, or $25-$30 billion

This is made up of:
79 GWh of Grid Storage in Africa
9 to 14 GWh of Off-Grid like mini-grids, communities, hotels, industrial operations etc

The energy storage market has seen aggressive growth in the past few years and can well be considered to be at a tipping point.

While consumer electronics and electric vehicles have attracted more media coverage in the past, stationary applications, particularly in utility scale applications are growing and are expected to claim a significant share of the overall energy storage market, with recent studies showing that:

Global stationary energy storage demand is growing rapidly and will exceed 300GWh by 2030; and
While actual forecasts vary, most point to 20-40GWh of storage deployed annually by 2025.
In this market, the VRFBs are well positioned to take a significant share of the stationary energy storage market, on account of unique features that give them an edge in large-scale, stationary and long duration energy storage applications. VRFB deployments continue to grow globally, led by China.
Market intelligence points to two
more ~400MWh sized VRFBs being procured in China in addition to the 800MWh system by Rongke Power and ~400MWh system by Pu Neng, which were announced in 2016 and 2017, respectively.

A 1 GWh VRFB system requires approximately 5,000 mtV in electrolyte, more than six per cent of current annual global vanadium consumption. As an example, if VRFBs capture even 25 per cent of the Bloomberg New Energy Finance forecast annual energy storage deployment of nearly 40GWh in 2027 it would indicate a vanadium demand of over 50,000 tonnes for energy storage alone. Accordingly, the ability to guarantee supply of vanadium for VRFBs will be key to the success of these systems.

This will put pressure on vanadium requirement in the years ahead!

Cheers,
RK

This are all coming soon:
so much to come and some very soon!

Q4 Updates from:
Bushveld Vametco
Bushveld Energy
Lemur

Dividend Policy

Mokopane License

Vametco Upgrade to 5000 mtv

Brits program to expand the Vametco mine into Brits

Brownfield plant acquisition to expand production to 10,000 mtv

East London - Bushveld Energy Electrolyte plant programme update

News on progress with VRFB at Eskom

New contracts to supply Eskom and other African projects with VRFB

A big bounce on the vanadium price again due to constrained global supply

Large battery projects are going to be headline news in 2019 with VRFB becoming the battery system.

We are in the best position possible to be at the absolute forefront of this growth and our assets are the best in the world and can be funded out of revenue and many other finance agreements with fast payback and increased profits.

When our 2018 accounts are finalised and published the world will see clearly where we are and where we are going!

Cheers,
RK

Thanks Ray! You always make me smile. You are the fairest bouncer on the board!
Always been there as long as I have been reading it. Top man!

Thanks Alfa! Always a huge support on this board and your work as Ophidian said in his annual awards, has played the biggest part in our global outreach. Appreciated by all here and the CEO himself of Bushveld Minerals.
Huge thanks to you.
Cheers
RK.

Troajan - I am sure you are right. But if you post on a board 4 or more times a day would you do it without reading anyother posts or try to understand the vibes influenceing people’s decisions. Humans are naturally enquisitive, most here probably suffer with the fear of missing out and that is why they post, read and get involved.
In the end we are just on a journey which 99.8% of the posters on here understand and believe in.
2019 has the potential to be incredible. Yes there are risks with global uncertainty. However green energy and energy storage are highly likely to buck the trend. They are an incredible hedge against any price drop in the vanadium world. However even China if it has a recession will still continue to build as that is what they do to bring confidence to the people. So any doom and gloom spreaders may still not see the wood for the trees.
Even loyal followers of your board have thought that we might just be on the right track.
Anyway. That’s my lot for tonight. Still think we are going to do good!
Cheers
RK.

Firstly excuse me for off topic.
Every time I open my phone during the day I have a beautiful lady who looks at me. Taken on our holiday last year.
We have been married for 24 years and 8 months.
Last September she was diagnosed with squamous call cancers in the oesophagus. She has been going through chemotherapy and has had Continouus side effects and has been in and out of hospital. She has beautiful long dark hair and has always lite up every room she enters as she is full of love and kindness. Three weeks ago here hair started to fall out and her pillow was covered in hair. She has been very brave and is incredible. She has a lot of pain. Every time any helps her she says thank you. A tower of strength.
We have an incredible marriage and I am sure she will get through. Our faith keeps us strong. We work on strength and hard work. But our lives are full of love and happiness. She is incredible!
Is there anything bothering me. Yes I gues there is.

On this board no, because the guys and girls and great they work hard too with solid research.

Today I picked you out as I thought you are trying to play at being two people, one a person from Switzerland who only can post via google. But then one who is completely fluent in English. I have been to Switzerland many times and most speak perfect English, French, German and Italian. I don’t mind you words but just be straight with everyone.

We are all clear where this is going. Just out of respect just read and research a little you might just lean something.

Good night.

RK