Member Info for RichKen

Loudspeaker - Based on the current $/£ exchange rate that will be #BMN share £34.93m
Looking very good!

Dryland, lets hope that the little whisper in Fortunes at the recent conference in South Africa by the President was "I'll give the license office a ring and ask them to mark the essential minerals file with a green mark so you get close to the top of the queue! Nice investment strategy Mr Mojeleolo"
Coal 8 years - not great for climate change. Vanadium - critical mineral new energy storage pass all licenses!
Well, we can hope..cant be long from coming true now then NickD can announce the cash elephant has turned into a tsunami of diamond-encrusted vanadium nuggets!
Cheers,
RK

BeingPatient - that would be the best Christmas present for Bushy holders. Now that would wake up the marker!
Just imagine the RNS:
“Fortune Mojepelo is pleased to announce that there key Mokopane Licence has been granted. All scoping works are completed and permissions are in place to commence initial mining. Oftake agreements are in place and we are expecting initial first year resource deliveries to exceed 5000 mtv. Bushveld Minerals are close to finalising their next brownfield site to process ore within the next 6 months.”
That would be a very good Christmas present. Next day headline BMN share price jumps to £1.20 on incredible news!
Sorry not quite true yet but that day is coming!
Cheers
RK.

Hi Expert,
You holding is similar to me. The growth potential in time for your retirement point is looking very good indeed especially if we avoid being bought out at any point. The relationship between Bushveld Vametco and Bushveld Energy is critical to Fortune and Mikhail’s vertically integrated business plan and hedges any risks.
None of us have such a clear crystal ball on this but based on models we can potentially see the following potential SP
December 2019 - £1.60 to £2
December 2020 - £2.80 to £4
December 2021 - £3.20 to £5
December 2022 - £5 to £8.50
This is based on the growth in vanadium output to 10,000 tonnes per annum at Vametco + Brits, Mokopane with 20,000 tonnes per annum and 4000 tonnes of vanadium feeding into Bushveld Energy providing 1000 MWH electrolyte.
The potential here is eye watering. Some may think these figures are exaggerated and some may see them as conservative, but this company with the current extremely astute BOD are on course to deliver this business to become the jewel in South Africa’s eye.
It may also be a story that you may share with your friends and family in years to come which will have them all asking how did you find Bushveld Minerals? Wow.
Food for thought....
Cheers
RK

So with the $ vs £ exchange rate now at 1.25 our profits in sterling will be 4% higher than before. So when the world wakes up to us we will be seen in an even stronger position!
Have a great day all!
Cheers,
RK.

Roscon, I have a friend in the same position as you, wants to add more, but the question is when. At these prices, it is a bargain! But will those pesky MM's drop it further? With some serious buying it will rise quickly though and with one of those amazing RNS's due, it could take off again. The million dollar questions are when and when?
I am sure if you are adding now and keeping for 12 months or more the amount paid tomorrow will have increased very dramatically by this time next year!
Hope it plays out well for you! Chocolate and ginger is going down nicely. Thanks,
Cheers,
RK

Bassguy, I think at £10 I will change my Avitar to ObscenelyRichKen
O RK has a ring to it.
In the end though it will only be special and properly appreciated if my Claire gets through her treatment. Keeping super strong for her!
Cheers All.
RK.

Not sure if you all agree but surely at today’s close price this company must be the bargain of the decade. When we know what is coming and the value that is going to be attached to this company in the months let alone years ahead. Bushveld Minerals at 39p is the bargain of the moment. We should be around £1.32 right know which would be a fair price and market cap given the profits we are making.
Please do make your feelings known if you agree.
Cheers
RK

Good evening Ladies and Gents,
I have not been able to check in today till now. See we have had lots of decent buys. Thanks, Nick for your support as ever and lots of new posters and new people joining us. great news and welcome to this amazing board. Hosted by a group of well researched and dedicated investors. Given everything we have in front, it is somewhat perplexing to see a drift back on the SP over that week. But this is only a short-term drift and we all know now is the time to load up fully. We may have more drift give the willingness of the M's to play games with us all. But most here would not trade and sit knowing as we have all along this is going to amazing places. Not least because the vanadium resource globally is severely constrained at present and even more exciting that even though we have a small dip on the FeV price it will not be long before we see that rising again. It has too as demand is not softening it is going to be getting strong in the new year.
Then there is the VRFB era which is just hatching. It is well noted that Bushveld Energy have amazing footprints ready planted in South Africa and it is good that in the UK there is a company which may one day even become a client and there is plenty of space in the global market for many more players in fact when you have clients and competitors you know you are working in space where there is a market and that is good for everyone. So I hope REDt do well and they succeed. I am not an investor there but have considered it. I am well a truly looked in here, and want to see us succeed in SA as it is good for them.
Looking forward to more insights soon.
Let's have an up day tomorrow and a Mokopane RNS would be THE Christmas present we all would like to see!
Have a great evening!
Cheers,
RK

Hi Roscon,
She normally loves chocolates and ginger. Tonight she actually faced a Dark Lindal Ball her favourite but for the last ten days could not even consider one. Small steps. I know ginger has great anti-nausea properties. I will search out a ginger and dark chocolate combo! Thanks for the tip off. I will let you know if it works.
Thanks,
RK.

Hi Knuttie,
Thoughts are with you and your Liz at the moment. Today is the best day My Claire has had this week. At last the nausea has subsided. We have got all to go through again from the 19th this month.
The chemo is very aggressive I just hope it has done it’s thing.
Really hope Liz is able to feel a little stronger over the days ahead.
Keep strong my friend.
Cheers,
RK.

Last bit:

So looking forward will we get the Christmas RNS’s we would love to see:

1. Dividend Policy for 2019 and beyond giving any new or large investors a very good reason to come on board
2. Mokopane Licence coming through opening up the huge potential for late 2019 early 2020 offtake
3. Confirmation of a date for the JSE listing in South Africa bringing in new investors from the home country

Exciting news whenever it comes it will likely give us the next lift.

Have a great weekend all.

Cheers
RK

Good afternoon Ladies and Gents,
This week started at 40.82 p and finished at 41.25. A steady week but not scintillating.
We finished last week with news that we have won a very prestigious award, "African Miner of the year 2018",
We had a Q3 Update bring together all the news on Bushveld Energy
We have seen some interesting press coverage on the award and an Interview with Chika Edeh our Head Investor Relations bringing Bushveld to the front yet again.
Then there was a very good article on Reuters posted by Raz10.
Key text in there was very exciting:
“Current forecasts estimate that VRFBs will account for 20 percent of vanadium consumption by 2030, but with a significant additional requirement which could be as much as 50,000 tonnes, if VRFB capture 25 percent of the energy storage market within the next 10 years.” – From our website

“That’s around half of current global output, even before factoring in the likelihood of falling production in China.
As Bushveld concedes, “the ability to guarantee supply of vanadium for VRFBs will be key to the success of these systems”.
The company is looking at the option of never actually selling its production, but rather leasing it over the life of an energy storage project.
It’s an innovative solution to the twin problems of availability and price volatility.
However, it’s also an admission that if vanadium is going to play a starring role in the coming green power revolution.”
It should be remembered for 1000MWH a VRFB needs 5000 tonnes of vanadium. That is the estimated capacity for the new electrolyte plant that Bushveld Energy are building East London, South Africa. Let’s hope everything is in place for the expansion at Vametco and Brits. We better get digging very soon from our huge additional resources
The other repeated point this week is the company intends to only to invest $100 dollars on plant to grow to 10,000 mtv and possibly an addition brownfield site as well.
Given we know when the Mokopane licence is finally granted the open style mine will be able to supply 20-25,000 mtv per annum the supplies are going to be there and there about in 3 years time.
This week we have found ourselves propelled out of the AIM darkness and brought into the AIM100 list which, in itself, from where we were just 9 months ago is a huge step forward
Yesterday we had an interesting RNS which dates back to an abnormality from 2 years ago. Clearly this has been in discussion in the background. In the end there has been a compromise and this has been resolved in a way that Bushveld have paid a reduced fine based on a speedy payment. This given our cash flow will be paid off incredibly quickly. We will very quickly be able to forget this instance and move onto what really matters for our business taking it to the next level.

A bit more to come!

Good evening Ladies and gents,
We may have had two weeks of consolidation and reached a steady place this week. But looking forward we have so much to be looking forward too which makes Nickderby's coiled spring looking like the lid is about to pop off.

Key for me are the ones that increase production and productivity and set a clear path for expansion both at Vametco and with Bushveld Energy.

We know that Vametco will be increasing its capacity to 5000 mtv per annum with plant upgrades and these are highly likely to be brought forward as some works are already underway

We are expecting very sound figures from Q4 finishing this month with hopefully an RNS 3rd or 4th week in January confirming what we estimate to be between 725 to 775 mtv for the quarter at $112.4 per kilo average (most likely 752 mtv) Any more would be a very good result and on the nose would be very good too. To put this in context it would mean the Q4 would be nearly as much in terms of income as Q1 and Q2 together.

Then news on the potential VRFB contracts coming and how they will be fulfilled

News on the companies vision to upgrade to 10,000 mtv

Confirmation on the build and completion dates for the electrolyte plant

Surely 2019 will bring the long-awaited and anticipated Mokopane license which when up and running will easily be able to produce 20,000 to 25,000 mtv per year. Wow, that will be news to blow the socks off!

Confirmation of 2018 accounts which will illuminate the world to what we all know but they haven't quite see yet.

Then the companies first dividend.

2019 is going to be the defining moment for Bushveld Minerals. No doubt Fortune will through in a few additions!

Exciting times!

Cheers,
RK

Menomosso- I would endorse HL too. Fantastic service and just so easy to use. Good information too!
Cheers
RK

Thanks Nick. It is not down to me it is very much down to all your support and help!
I just like many others post what I think is helpful and positive for all of us!
I think it is great to recommend each other’s posts! It is encouraging and supportive. It would be great if 1 to 10 was all filled Bushy supporters!
Many thanks to all of you who have messaged support through these difficult days. She is still very poorly at moment so I am at home playing nurse! Not a very good one but trying!
Many thanks all!
Cheers
RK

Well all, this is very exciting.
The projects they have in hand and the potential unlocking of these resources over the next 1 to 3 years is truly awesome.
When we look at what is in front the whole Bushveld management team have got a lot of work to put in and they will need great Project management in place to deliver them all. But they are in the best position possible with the capital revenues coming in from current sales which can be used to fund all these growth projects.
Looking forward some may have concerns over the JSE listing and if there is any dilution, but when you see where the capital would be used with immediate effect and how quickly the capital could be turned into profit, it is really for the good of the future and unlocking of every asset this company has in its arsenal into a huge cash generators. There really is no time like the present.
It clearly looks like everything is fitting into place perfectly.
Cheers
RK

There were some very interesting points in this interview:
“There is a growing demand in the [Bushveld] story from South African investors,” Edeh continued, “and a lot of cash in South Africa. We find investors want to deploy that in key stories and Bushveld is one of those.

“We have had a number of institutional investors wanting to take a position in Bushveld but to do so we have to be listed on the JSE.”

Bushveld’s targets in the short- and medium-term are to increase vanadium output to 5,000 metric tonnes a year and 10,000 metric tonnes respectively, from the current projection for 2018 of between 2,600 metric tonnes and 2,650 metric tonnes.

It has completed its phase two expansion plan at Vametco, and Bushveld has now begun phase three. To get to 10,000 metric tonnes a year, the company is looking at either building a new USD100 million kiln at Vametco or buying brownfield sites nearby, or even both.

Bushveld will look solely at South Africa for acquisitions, Edeh said, commenting: “South Africa is the natural territory we are looking at. It is the region with the largest deposits in terms of resources and there are so many idle facilities around Vametco”.

This aim to increase output, Edeh added, is part of a plan of allowing Bushveld to capitalise on growing demand.

“The vanadium market is in a deficit because supply is concentrated and limited and there is a growing demand from the steel industry, especially with the new regulation in China which kicked in this month.”

“This regulation is expected to increase demand by 10% to 15%, as China counts for over half of all vanadium consumption. There is also growing demand for batteries, which is expected to account for 44% of vanadium demand by 2027,” she continued.

“We expect demand both for the steel industry and for redox flow battery deployment to increase, but we believe the only people able to close the supply and demand gap are pure-play vanadium producers which are us, Largo Resources, and Glencore”.

New Kiln at $100 million to raise production to 10,000 mtv per year. That is something not brought up before. I like the idea when it says both! That unlocks huge potential!

Cheers
RK

Thanks Raz. I thought it was a good read to have on here!
Cheers,
RK

Part 2
"PERFECT STORM
China’s moves both to boost demand and limit supply have created a perfect bull storm for the tiny vanadium market.
Exports from the country have dried up, stocks everywhere are falling and prices have been on a super-charged rally.
The market was already in an 8,000-tonne supply deficit last year and SP Angel expects demand to continue exceeding supply through 2020.Indeed, “we are struggling to see how the market may supply demand vanadium in the next two years and we feel vanadium prices should settle at a higher price level than previously envisaged for the longer term.” (“Mining Flash Note: Bushveld Minerals”, Nov. 9, 2018)

Unless there is a technical breakthrough in either stone coal or by-product slag processing, the slack will have to be made up by primary producers such as Bushveld and Largo Resources, which operates the Maracas Menchen mine in Brazil.
There is no shortage of vanadium wannabes but as ever with new projects, lead times are long and susceptible to delays, meaning forecast new supply “is not expected until at least 2021,” SP Angel notes.
BREAKING DEPENDENCY
It’s a problematic backdrop for a metal that could play a key role in the build-out of energy infrastructure, particularly in developing countries.
Storage systems accounted for only around 2 percent of global demand last year, according to Bushveld Minerals.
But future usage is potentially huge.
“Current forecasts estimate that VRFBs will account for 20 percent of vanadium consumption by 2030 but with the significant upside of as much as 50,000 tonnes (...) if they capture 25 percent of the energy storage market within the next 10 years.” Bushveld says on its website.That’s around half of current global output, even before factoring in the likelihood of falling production in China.
As Bushveld concedes, “the ability to guarantee supply of vanadium for VRFBs will be key to the success of these systems”.
The company is looking at the option of never actually selling its production, but rather leasing it over the life of an energy storage project.
It’s an innovative solution to the twin problems of availability and price volatility.
However, it’s also an admission that if vanadium is going to play a starring role in the coming green power revolution, it will need to find a way of breaking its circular dependency on the steel industry."

From the article on Reuters.

Cheers,
RK