Member Info for RichKen

Knuttie, I would say we are in the same position as you my friend. This amazing investment is giving us the ability to do things we would never have dreamt of, but in the end, if you don't have your health, it seems all a little bit tough. We just have to wait and keep determined!
Cheers RK

YTSS is Oesophageal (squamous cell). Hopefully, she will be fit enough to have the operation she certainly is now yesterday they told her to ensure she keeps fit. I don't know many people who can jog as fast a she walks. But she has the determination to beat it. But we know the op is huge (9 hours) so it all depends on the ability of the surgeon on the day. But they have a fantastic record so our trust is with them. Thanks for asking. It is the same I think as Knutties wife.
Cheers RK

Knuttie, at least you had enough to cover the prescription charges.
I hope all is going ok for Liz. My good lady had all results of scans yesterday. 10cm tumour. So starts chemo next week and then the big op in Feb. BMN is a great distraction from the reality of what really matters in life.
Cheers RK

So Target Price Raised to 87pence !!

Bushveld bought a further 16% of Vametco through the purchase of Sojitz’s stake taking Bushveld’s stake to 74% in the quarter. The deal now means that Bushveld have acquired 74% of Vametco for US$48m, a remarkable feat given the company had relatively little spare cash when it agreed to buy its initial 23% stake in Vametco for $4.7m.
Tailings: Vametco is expanding its tailings facility to maintain capacity. Our modelling includes expenditure for tailings work
Off-gas: project work required to meet stricter regulations and increase kiln output.
Brits Vanadium Project: Results from 26 drill holes are shown in the report with the simple average of the grades presented is 1.55% in 43.4% magnetite.
Valuation: Our valuation for Bushveld Minerals rises to US$1.6bn assuming an 8% discount rate and a long term exchange rate of ZAR14/USD or 87 pence per share on our new vanadium price assumptions.
We have yet to add value for Bushveld Energy which is 84% owned by the group and is working to deploy vanadium redox flow batteries in grid as well as industrial applications in South Africa. The company is also working with the Industrial Development Corporation of South Africa to build an electrolyte manufacturing plant in South Africa, to be located at Vametco and the East London Industrial Zone..
There 63 VRFB projects globally with 77% under construction and 17% operational highlighting strong growth in grid battery capacity.
Conclusion: Our research into the supply / demand for vanadium leads us to raise our forecasts for vanadium prices and therefore for Bushveld Minerals.

We reckon the market will see through the expected slippage in the Q3 numbers due to the overriding impact of the vanadium price.

We expect Vametco to report a better final quarter and to continue to grow into the new year.

Bushveld Minerals* (BMN LN) 38.85p, mkt cap £430m – Lack of Vanadium Supply Threatens Global Construction

BUY - Target Price raised to 87p (from 37p)

(Bushveld Minerals now hold 74% of Vametco and 84% of Bushveld Energy it’s vanadium redox battery unit)

SEE LINK FOR BUSHVELD MINERALS PDF NOTE

Vanadium: we have been looking further into vanadium supply and demand where we see increasing probability for significant supply shortages.
The supply situation looks so serious to us that we cannot see where the market will source sufficient vanadium to meet demand for strengthened steel in the global construction sector.
The steady rise in ferro-vanadium prices in China and Europe highlights a severe shortage of available material indicating a lack of available stock the development of a significant market deficit.
The few primary producers in the market appear wholly incapable of expanding to meet demand in the next two years with so much by-product, slag, production removed from the market.
We highlight the reasons for this in the attached note, see link above.
Our ferro-vanadium price assumptions rise to US$75/kgV for 2018, 2019 and 2020 and to US$55/kgV for 2021 and US$45/kgV for 2022 and thereon.
We cannot see how the market can supply demand for vanadium in the next two years and we feel vanadium prices should settle at a higher price level than previously envisaged in the short and longer term.
Q3 results: Bushveld Minerals third quarter report highlights the impact of the 16-days unofficial stoppage at the Vametco vanadium plant and seven-days of unplanned maintenance.
The result is that Vametco’s Q3 ferro-vanadium production was some 14.6% lower than the previous quarter at 537mtV vs 629mtV.
Sales: Vametco sold 1,987mtV of vanadium into the market in Q3 down 18% on Q2 and 21.5% lower yoy.
Management have revised Nitrovan (ferro-vanadium) production lower to 2,600-2650mtV for the year due to the stoppage and unplanned maintenance.
Phase 2 completed in June sees Vametco’s capacity at 3,750mtV.
Phase 3: as part of the operational improvement initiative, designed to enhance Vametco’s productivity, the Company is reviewing the timing and required investment to expand production capacity to 5,000 mtV.
Production costs rose 11% unsurprisingly in the quarter to ZAR298/kgV (US$21/kgV) vs Q2 with unit costs guidance revised to ZAR250/kgV and ZAR255/kgV for the year.
We expect unit production costs to fall significantly from here as throughput rises and grades recover assuming no further unplanned stoppages.
Some slippage in production has also been seen as a result of grade control in the Vametco mine and the team completed 13 drill holes to increase geological confidence with the aim to improve grade control in the plant feed. Vametco will publish an updated mineral resource estimated in the new year.

An incredible amount of buying today but the SP stays in this solid zone. Makes you wonder what it will take to take the breaks off?

Vandium – prices continue to rise in Europe as buyers compete for available supply

Ferro-vanadium prices are reported to have risen by a further 3.4% in Western Europe to US$120-125/kgV by Fastmarkets (Metal Bulletin).
We wait to see if the ferro-vanadium price might continue to rise in China.
Fastmarkets MB report prices held steady in China over the past week due to lacklustre activity while European markets continuing to gain strength on increased activity, closing the gap to the Chinese market.

This is in their daily email round up from today.
Cheers RK

Yamin - I think one really good way of swatting up on Bushveld Minerals is to listen to the interviews you will find on the Bushveld Perspective either of Fortune Mojapelo or Mihail Nikomarov. If after listening to what they have to say you don’t invest - I and every other long term holder would be very surprised. At 40 pence this share is still super cheap. At £1 it will still be cheap. Many of us are likely to be hear way beyond £3.
Depending on you age you might find this could very much change your life. But watch, read and look into Vanadium.
I have over 40 converts and they are very happy that I gave them the places to research this incredible investment opportunity. It is one of the best researched shares you can buy on the London stock market. Also one of the most undervalued.
Hope this helps.
Cheers
RK

Diatom - looking forward to the RNS - Bushveld Energy announces that Eskom have awarded them with this prestigious contract using VRFB built in South Africa from South African Vanadium to Power Africa!
BBN wearing the Polo Shirts produced by Faramogs good lady - written on the back I told you so, except I know he would be far to modest to acknowledge his amazing insight!
But this we can be certain will be announced in Q1 / Q2 2019

Kevwal, I am sure you will with this investment. I don't think it will stop there either. Good to see you are on LSE bud!
Cheers, RK

Sorry faramog! Still, we are looking forward the Bushveld Perspective Polo Shirts, selling on the website shop. You might be able start a small business and make that sewing machine earn its keep.
I think we can include BBN's new Bushveld new slogan - Bushveld Minerals Full Integrated and Fully charged - The legend that is BBN!

Faramog - put on finance! Must be able to get interest free credit if they are keen to sell to her!

Battery industry set to attract $1.2tn in investment by 2040

The global energy-storage market is estimated to will surge to 50GWh by 2020 and a cumulative 942GWh by 2040, according to a new forecast from Bloomberg New Energy Finance
The growth in demand is estimated to necessitate $1.2tn in new investment much of which will come in the form of lithium ion and potentially vanadium redox batteries.
The BNEF forecast estimates the capital cost of a utility-scale lithium-ion storage system falling another 52% by 2030 and that energy storage may be equivalent to 7% of the world’s total installed power capacity by 2040.
Asia-Pacific is also forecast to account for some 45% of total installations on a megawatt basis by 2040. Another 29% will be spread across Europe, Middle East and Africa, with the remainder in the Americas.

Sorry - foreseen!

Ludeck - you have made some very valid points in your assessment. There are now though considerably more reasons to invest, and there are going to be a huge amount of new investors discovering Bushveld and wanting to be on board based on the profits which will become very clear to the market over the next 3 months. Then we have massive potential of Bushveld Energy. So some of the smaller fund managers may move away but some of the larger ones will be coming in. Momentum is going to be our friend very soon and with a clear dividend policy and high profits I am sure we will see very significant market cap increases. Pining dates is almost impossible but the curve may be more aggressive than you are thinking based on the historical information you have seen as a long term holder.
This is no ordinary stock and is likely to do extraordinary things.
So I am expecting to see a continuous and significant increases over the months ahead.
If all that BBN has firseen in his detailed analysis comes to fruition then with these contracts in a place this will be a monster.
Cheers and have a great day all,
RK

The spread is fluctuating a lot at the moment 38.2/38.5 has jumped a few times to 38.5/39 so it looks like the pressure is building again.

Thanks BBN. Great research and well written.
Thanks Alfa for presenting it so well.

Alfa, knowing you you will nearly have finished it. But you should take a rest my friend. Tomorrow would be just fine. Get that cold sorted! Blow your head off hot chilli should help!
My wife once made me a pasta served only with hot chilli’s it nearly killed me. But the cold was gone 2 days later. Not suitable for all but did the trick.

Brad29
Thanks for your very kind words earlier.
This week financially has been amazing for all invested here and even for newcomers who have only just found this incredible company, it will have been a great find! In the end our health is key to enjoying anything and my wife and I am sure Knutties wife’s focus is one getting through the chemo and operations they are facing.
With respect to our investments we have all found something which for many will be life changing. For many though this will help them afford holidays, maybe a car or some other luxury. The best thing is this investment is based on something both ethical, essential for the world economy and with all the news coming over the next few weeks on Bushveld Energy and the technology which can help contribute to a massive reduction in greenhouse gas emissions with storing the renewable energy we are all making our world a better place.
This investment community is something special and we are all working for the same means here. One thing though never loose site of the most important people in your life’s cause we should always give something back.
Massive thanks to all who contribute so positively on here. Also huge thanks to Alfa for his tireless efforts appreciated by all.
This story is still only half told and the potential from here is still mind blowing. I truly think that most people cannot quite get where this company is going to be in a few years. But for those who hold on in there you are likely to be very well rewarded.
Have a great weekend all.
Cheers RK