Member Info for RichKen

Hi Wolfman_Jack,
It looks like the Q2 update from Bushveld Vanadium is likely to be around 28th July based on the last quarter timings for the RNS's. Yesterdays Q2 on Bushveld energy was a day later than my last prediction, so it should be close to that date.
If the will be a separate RNS for H1 is hard to guess. But wow are the numbers going to be good!

Well Alfa and Kev, the key point in the report to me is the life of that mine is only estimated at 13.5 years. That is nothing and the grades are really low. So for the spend that is not a real investment. ESpecially compared o Bushveld. It just shows that we really have not only a great company but we are sitting on top of one of the best Vanadium mineral resources in the world.

We have the easy ability to increase our production to such a high level. If we use the 30% effectiveness of our product then we will be the end of next year be supplying the equivalent of 6500 tonnes per year. That is hugely significant compared to the other miners in the world. That's is before we even start Brits and Mokopane!

I think we are a tad undervalued!! I am excited by the prospect of a great Christmas based on Ophidian's post-match predictions! Bring on the rise.

When we are at £1, we will still be here piling in more and expecting to see further massive increases as our company grows that is the beauty of this amazing company it just keeps delivering.

It definitely is Pdub. Excellent post

Great summary by Fortune:

"In the second quarter, the first ever vanadium redox flow battery was delivered to South Africa. As the integrator for the project, Bushveld Energy and its team have been able to expand its expertise on project delivery and implementation. This has significantly assisted to build our capability to develop and deliver energy storage projects across the African continent.

This project has shown that utility scale batteries can be delivered in only months. Simultaneously, we are advancing the component manufacturing aspect of our business, where we are building flexibility for quick expansion. This strategy allows us to keep initial risk lower with an ability to capitalise should growth in energy storage materialise even faster than expected. With these efforts, Bushveld Energy is positioning itself in Africa with a unique combination of technical skills and component supply to deliver energy storage solutions."

Thanks, Alfa, that was really interesting feedback from the presentations.

Hans B Puttgen's youtube video was certainly very interesting. I would imagine his presentation was very inspiring. More should watch it! https://www.youtube.com/watch?v=HRrNEaOb7lU

Clearly, our UK man needs more education. Hopefully, he was listening to the other presentations and may have gone home with some inspiration. I think I will be writing to my local MP who sits on the front bench, I have had good correspondence with that MP before so hopefully I can start giving them a gentle prod.

Great RNS, extremely positive and punctual as always including the delivery of our first joint venture VRFB. Superb!

Eskom Vanadium Redox Flow Batteries project:

· Bushveld Energy and the Industrial Development Corporation received delivery of the first vanadium redox flow battery ("VRFB") from UniEnergy Technologies ("UET") in South Africa. This included the mixed-acid vanadium electrolyte that will be used in the battery;

· The utility scale battery was delivered within months of the order being made;

· Bushveld Energy's team is performing all the integration work related to the VRFB at the Eskom Research and Innovation ("ERIC") micro-grid site in Roshverville, South Africa;

· All site preparation work has been completed at ERIC;

· Preparation of the VRFB controls for integration to Eskom's existing site controller at the facility is complete;

· Two technicians from Bushveld Energy were trained on the installation, operation and maintenance of the VRFB at UET's production facility in the USA. The training will continue during the commissioning process which is expected to conclude in July, as UET is sending two engineers to South Africa to oversee the process; and

· Bushveld Energy and Eskom expect to receive initial data on the VRFB's performance at the facility during the coming quarter. The analysis of the results will help to inform the technical and commercial merits of future energy storage projects.



Vanadium electrolyte production facility:

· Bushveld Energy awarded the contract to perform an Environmental Impact Assessment ("EIA") to a South African consultancy for the greenfield facility in the East London Industrial Development Zone ("ELIDZ");

· Based on recommendations from the consultant, a full EIA will be performed, rather than a basic assessment as originally envisaged;

· The EIA will cover both the initial 200MWh capacity for the plant and allow for future production expansion;

· While this will require up to three months for community engagement and other processes, the long-term benefit will be the ability to increase capacity without securing another EIA;

· An EIA is also required for the chemicals plant that will be co-located with Bushveld's existing mining and processing facility at the Vametco vanadium mine. This application will be combined with Vametco's overall expansion application and thus not add any additional time or cost to Vametco's EIA process, highlighting an example of the synergies of vertical integration in Bushveld's business model; and

· The project remains on track to produce electrolyte in 2019 for South African and international markets.

Hey YTSS that is an interesting read. But at the end the power companies still worry about renewables because they are concerned about energy storage. The Guardian writer doesn’t say so. He or she probably haven’t heard of VRFB’s.
Lets hope our government and the energy giants learn quickly how important this form of storage will be for our energy future before our Chinese friends install them all and there is no opportunity for reserves for us in the UK.
It is funny how they all are wasting so much time on the European Union and forgetting what is important for our future. Just as important as how much money is spent on the social structure of Europe, which is about providing a safe environment and safe working conditions for everyone. In the end people decide the wealth distribution and structure. Energy is driven by policy. If subsidies for Solar PV’s had stayed most houses in the county would have had them fitted by know. Then the need for small energy storage mediums would be here right now. If every new home was built with solar tiles and every new housing development had a small VRFB then we would have much better energy balance through at least 6 or 7 months of every year. That would have been much cheaper than a huge Nuclear power plant which nobody wants near there home or the huge cost of dealing with it later.
So energy storage will be key to our needs in the future, for our homes, for our communication and for our cars and future transportation needs. If we all have EV’s we wall need small VRFB to hold the power gained from our solar roofs or our economy 7 low cost electricity (those were the days).
We need Vanadium for our buildings, for criticle metal items and for energy storage.
Bushveld Minerals - we have huge reserves of vanadium and we can produce the highest quality cheaper than anyone else.
Is Vanadium the most important mineral that the world hasn’t heard of? It sure looks that way and we are in pole position to take advantage. At 24p our sp is super cheap. But not for long. Very soon we will have an RNS detailing our progress with Bushveld Energy.

Lady J, many thanks they look fantastic. Great job very easy for us all.
Easy to download and save too.
Thank you!

Hi Tyfoon,
I am sure there is no delay! I am just saying if there was, it is often the client who is not ready which causes delays in final commissioning, not the supplier. But we do not know what the trues situation is until we have our next RNS which could drop at any moment. Our own BOD, who pride themselves as being men of there word, and not promising what is not achievable. They continue to prove this time and again. Our "friend" does like to stir up issues which are not issues and it is very hard to understand some peoples agenda.
We are at the forefront of this technology and we are going to deliver on our promises. Onwards and upwards my friends!
I am still feeling, that if this company was a space rocket it is now wheeled out into position, all systems are ready and the launch sequence is being initiated. We are about to see this rocket (BMN) go to places where no AIM investments have been before! Fab!

MTB, These market conditions make it even more important for BMN to request that the Mining Licence for Mokopane is prioritised. Our resource will become a pivot point for the supply of V205 which is the key mineral for the electrolyte production.
I think that is a day to celebrate, as well as our 30p milestone. I really hope Fortune and the team can lobby the mining minister to have this resolved as soon as possible if it is not already very close to the top of the papers on the table in the SA Governments Mining rights agenda
What a prospect in front of us all.

Raffym, in life we have people who talk and those that do. We have a board of directors who “do” and achieve so much. We have to remember that implementation of projects is more than just delivering a product. When new capital equipment is delivered all the resources at the site have to be in place. In my work our clients are very often behind. There is every reason to think that could be the delay here. So far our BOD have delivered on there promises. As they say Rome wasn’t built in day, but it is still there and is a key capital city still. There is no reason to think that Bushveld Energy as part of the Bushveld Minerals company will not be the energy storage company in Africa. I hope they will have opportunities to export the technology to into the global market. Which ever way we look at this it is very exciting. Patience will be well rewarded. Our agenda is our future, and it is looking superb.

I am sure the imminent RNS for Bushveld Energy will enlighten us all on this.

Hey Headancer, This is one of the best long term investments you will ever find. Vanadium is the mineral of the year and it is likely to be for several years. Currently our SP is 24p in 2 years time it will be around 6 to 8 times this level. So if anybody buys today for the first time they will see a huge return on there investment. The growth curve is looking phenomenal. So much news flow is coming and we have the worlds best reserves in terms of quality and total resource. What more do you need in and investment. Have a great day!

I see our opening spread is as yesterday morning on HL 23.8. / 24.5
Given the situation with the price of vanadium and especially our premium product at over 90$ a kilo, you would think every man and his dog would be buying this stock. As shown in the shared slides from Vanitec, the world still needs educating about this mineral and what it will do for the world.
If investors saw the bigger picture we should be jumping of the scale. This mining company is going to grow very quickly and is producing one very in demand mineral at the lowest costs on the planet. That means huge profit for a small company and great opportunity to expand its production with almost no borrowing. Amazing.

Well Gabitxjs, let us hope if Fortune is going to be in London he needs to be here due to interviews booked up following various announcements as well as more presentations to fund managers to highlight our potential. It would be great to see some meaty buys coming through. This really gets the SP moving.
I don't think we still grasp quote what is going to happen here. Wow, it is exciting, to be part of this!
Thanks so much for the slides and the really great feedback, you guys have done us proud!

Just had two small buys for me and my good lady. Both at 24.31 buys.

On HL he spread is showing at 23.8 - 24.8. They love there big spreads. At the moment it only looks like buying. Rightly so with an amazing RNS due in the next 24 hours. (base on 6 days from Lemur Q2 update last time).

Thanks Alfa. Good points and of course I understand the market sensitivity.
Of course with the Q2 Bushveld Energy Update RNS due either tomorrow or Tuesday, we may learn so much more which could open up more questions. Also a huge thanks to you and Gambit going out to Switzerland for the conference and giving up you valuable time for the cause which the majority here have a large vested interest! Thank you gents.

To the B.B. contributors. I know we are like a group of BMN friends and it is tempting to venture off subject turning the board into a community message board, but it is more helpful to investors if this board is kept on message. Maybe you should start a separate friends of BMN blog somewhere to have all the off subject chat. Or join a football / golf forum somewhere else. I don’t want to be a bad sport, but let’s focus here.

Please be nice to each other. It is a shame when people say things which are insensitive that you would not say to people in person. It is much better to have a focus on positive contributions to help each other’s knowledge without making everything personal.

This should be a very good week. Let’s hope we see some new investors and lots more buying as more people see that Vanadium is “THE mineral of the year” and on the UK stock market this is the only real vanadium player that anyone should consider investing in if you want to see a truly phenomenal return on your investment. 30 to 50p see you very soon.

Hi Gambit and Alfa,
When you have your chat with Fortune and Mikhail, firstly they should be congratulated by all of us for the amazing job they are doing. Then it would be amazing to hear what effect the huge increase in the revenues from Vametco will have on bringing forward the investment at Vametco to increase the output to 5000 tonnes per year. Does the construction and lead time, limit when this can be implemented. Often lead times effect capital project realisation. You would think with the current market conditions, that bring this forward would be beneficial. Although keeping it under there hat, so the world doesn’t see there increase, would keep the prices high, if you see where I am going.
With respect to the electrolyte production, it would be very interesting to understand how many litres per year they will produce and what percentage of the electrolyte will be vanadium.
It would be very interesting to learn more about this area, as it is not discussed here very much. We see the potential but we are missing some important fundamentals.
I really hope it is a good trip and it will be very interesting to hear what the players think about this incredible time the vanadium market is entering with 100$ per kg, very likely to be exceeded in the weeks ahead, let alone what will happen in November.
We all look forward to your feedback. I hope sometime soon to join you in one of these trips.
Cheers. Good night all.

Pdub,
I completely agree. This BB is to help those who come read about the incredible company we are invested in and to share relevant news in the Vanadium, VRFB and Coal markets which have direct influence on our business.
We have a great week ahead with news expected on Tuesday from Bushveld Energy Q2 update. Look out for the RNS with news due less than 2 weeks later from Bushveld Vametco. Expect both pieces of new to be exceptional for our future.
Have a great Sunday all!

Sorry, Sanchez. I will use "Word" in the future and then copy and past! Only one large G&T was drunk, so I can't blame any alcohol as I am definitely not young enough for that to affect me :-) !