Member Info for RichKen

In at number 5!

I would rather be on the risers board!

Actually JD, it should be above 50p ;-))

According to the phone App it says that today the volume was 10.72m - that is a big volume day for BMN!

9 days ago we peaked at 24.5p around lunchtime. The only thing from a company perspective that has changed is we have another vanadium supply deal in VRFB - and that has huge significance. We should be 30p!

Pdub, absolutely great to see you back on this board. Seeing your post, and having Nickderby post yesterday, it is like old times again.

It is great to have many new posters on this board too, as Pdub has clearly presented there is no reason to think that we may well see an explosive rise when the markets settle back to normality and this devastating virus is wiped out!

A global clean air policy is needed and people need to wake up to climate change in the same way as they have reacted to the coronavirus - that is - take it seriously!

Solar, Energy Storage - look at Voltstorage.com (for home application of VRFB), potential hydrogen heating systems, EV's and hydrogen-powered vehicles are the future.

Cheers RK

Definitely JD! As I have said the residual value for the vanadium will be very high as it is an appreciating asset!

Real - Sign up for RNS notifications from BMN on their website. You get them almost as quickly as they are posted on LSE.
Hope this helps.
Cheers, RK

Many may try to calculate the SP from this note. The key caveate is that it does not realy refelect the selling price and income from Vanadium Electrolyte - currently in the range of US$60 to 80 per kilo. It doesn't take into consideration the income from sales of projects including VRFB or electrolyte leasing. This income is likely to match or exceed the income from Vanadium mining and processing which are the only matrix which SP Angel take on board.
Just worth saying when you look at these numbers.
Cheers, RK

Definitely Knutsfordnotary, the exchange rate is now 16 ZAR to the US dollar. This means our operational costs our down and our margins on sales in US dollars are up!
So our profit will be up too! given it would cost around US$350 million to build Vametco and around the same to build Vanchem, we have over 3,500,000 mtV in the ground (not ore - vanadium) we are producing and selling 4300 mtV this year we have a highly skilled workforce and we have multiple revenue streams in place and we are investing in new opportunities year on year, our value is way ahead of the market and way ahead of our broker targets. Why ahead of our broker targets as they don't understand the value of the VRFB market or the income which will be created through the vanadium leasing agreements. Most automotive PCP finance agreements are 2 to 4 years. Ours will be 10 to 20 years! Our asset will go up in value not down. Very different circumstances!
Cheers, RK

In relationship to this answer why the CEO's of Bushveld Minerals and Bushveld Energy care about the share price:
Shares issued to directors and staff - 24,847,310

Data found in the 2019 report - https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/xj0117w

Cheers, RK

Because they are both shareholders in the business they run and most likely have considerably more shares in the business than you do!
They also care about there shareholders, CEO's of listed companies report to the shareholders.
Did you consider this?

On any other day and in different times today's mass of buying in reaction to the RNS and the incredible opportunities that Bushveld Minerals have created over the last year, this SP would be rocketing up! We should be back at 25p, not less than 15p.
If ever there was proof that the AIM market was corrupt today is it!
I have written to Fortune to congratulate them on the progress made especially with today's RNS. I also asked him if he had considered bringing forward the option to move to the FTSE if it is possible as this would be better for the shareholders, the directors, the business and the companies kudos!
Do you agree?

Yes the vanadium price is holding strong. Our production costs are lower due to the exchange rates, so our profits on sales are up. We now have another revenue stream and orders for V205 to supply REDt for Vanadium electrolyte production. Our BOD are doing all the right things!
The only thing causing the SP to fall is the market makers. Now, no automated system would be playing this game as it does not understand what a coronavirus is! Clearly the market makers are just playing opportunist. They did it first thing this morning as punters were checking in between 8 and 9 and now they are doing it on peoples lunchtime 1 till 2pm! You can here their boss, drop the SP lets get those PI's selling and get some shares on the book and then after lunch we will raise it back up. Get too it!
I can't wait to for us to move off AIM to the FTSE and let's have proper regulation!
Cheers, RK

Well, I said before and I will say it again, I think this company will have a share price in excess of £5 by 2025.
Today’s RNS is the very beginning of the vanadium leasing opportunity and this will drive the future revenue based on VRFB installs having lives of 20 to 30 years. It’s going to be like a freight train. Make no mistake. These prices will not be here long.
I am not ramping, I truly believe it.
Cheers RK

Sounds like the need for renewable energy is going to increase big time!
A fall in oil price is not going to help governments around the world who’s tax revenues are undermined by the income they receive through fuel duties.
Going to be an interesting day...

The key factors which make Bushveld Minerals investable:

- Bushveld Minerals are a mining business mining vanadium which is used to strengthen steel from its Vametco Mine
- Vanadium is also used in a breaking electrolyte technology used in large energy storage batteries
- Bushveld has two processing plants Vametco 3200 mtV and Vanchem 1100 mtV - currently producing a combination of 4300 mtV, in last year with an average selling price of circa US$40 per kilo with an operation coast of circa US$19 – but operation costs are lower in 2020
- Bushveld has plans to more than double the capacity of these two plants to 8400 mtV pa within 3 years
- Bushveld has 3 mines Vametco in operation, Brits and extension to Vametco and Mokopane which has its licence for mining fully approved and this happens to be the largest high-grade Vanadium mine in the world – DFS later this year and expect the mine to be opened in 2021
- Bushveld has built up a new division called Bushveld Energy which has partnerships with Avalon, REDt and Enerox GmbH
- Bushveld Energy has installed at the Eskom Battery Test facility a VRFB which has been operational over a year which is being used for evaluation purposes
- Bushveld Energy is in the process of building a Vanadium Electrolyte 200MWh plant in East London (SA)
- The Electrolyte plant will eventually have the capacity for 1000MWh of electrolyte
- 1000MWh of electrolyte needs approximately 5000 mtV per year
- Bushveld Energy is working with multiple partners around the world through Vanitec to build the strongest business case for VRFB
- Bushveld Energy plan to build an assembly plant for VRFB is SA – a Enerox subsidiary is possible?
- The world supply chain for vanadium remains in deficit and although other projects around the world are in planning, Bushveld Minerals are so far ahead of the other players in every respect

Vanadium prices are rising in 2020 with the price today close to US$30 per kilo and our cost is circa US$15 per kilo and we will be producing 4,300,000 kilos of vanadium in 2020!

The current limited supply puts Bushveld in one of the strongest positions as a primary Vanadium supplier!

These are the key aspects and are facts!

If you are not sure - then read this:

http://www.bushveldminerals.com/wp-content/uploads/2019/06/Bushveld-2018-Annual-Report.pdf

Last reported financial position is:
https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/xj0117w

Latest broker report following 2019 Q4 from SP Angel:
https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q4_Operational_Production_Update_January_2020.pdf

Latest company presentation – February 2020:
http://www.bushveldminerals.com/wp-content/uploads/2020/02/BMN-Mining-Indaba-2020-Corporate-Presentation-Updated04022020.pdf

The Interview with the CEO's two is better than one:
https://youtu.be/p3QUjIL1rJQ

Target broker price 82 pence! So we are looking undervalued!

Cheers RK

The only question is, will we fall over the next few weeks until the virus peaks? The fact that we have 200 to 300 people who read this board and we have so many investors here with large holdings there are lots of people here who believe that the SP will not only recover but will reach a very high level. Will it meet the £5 mark we don’t know. But it it meets the broker targets of 45p or even 82p. If the SP did drop to 15p this would be a huge increase. 3x or even 5x the current level. Given 100% of investors think we are under valued or significantly undervalued. Investing at these levels if you have confidence in your belief that this company is making strong profits and they will grow further means that if you can afford to invest that could be seen as prudent. How you fund this investment is down to individuals. If you can afford it, it there may be a strong case. But the market is in uncharted territory right now. Calling the basement of any investment is a tough call, but surely we can’t go much lower. But once this virus has gone, the global market will recover and some will make a fortune. One thing for sure our Fortune the CEO has huge ambitions and his target is to build a multi billion pound business. That makes investing look like a stunning opportunity. Let’s face it if we had not had the corona virus we would be still at around 24p. That’s 30% higher than today.
Investing is a decision only individuals can make. I’ll leave those thoughts with you.
Cheers RK

Brasi, that is even more relevant now. Short term investing in an unknown market, is full of risk.

Just a thought in relation to my thread relating to vanadium prices. If we end up with an average FeV price of $45 per kilo that gives a gross profit of US$129 million. Year on year with Vanadium electrolyte being a greater percentage of the income stream this is going to grow and grow. One fundamental point to allow this is the company needs its free cash flow to invest in production upgrades, the electrolyte plant, VIP opportunities and other potentials. However much people would like a dividend, I don’t think that is where the business needs to look, until it has a very sure locked in BE revenue.
The future looks very interesting, however we have to get through the next few weeks which will be challenging for many PI’s and the market markers are well aware. They make money in this uncertain moments by investors panic selling. As investors our eyes should be watching the company and the opening market. But, each should do only what you are comfortable doing. It is your investment and your hard earned cash. Our valuation is estimated by brokers at 45p to 82p. That has not changed. But, market makers want to sow doubt. But however much they drop the SP over the future days, if they do? But at some point they will push it back up very quickly. With that in mind, we must keep our eyes on what we invested here for in the first place. Those points haven’t changed. We have come down for the wrong reasons. But, at some point we will recover for the right reasons. That is where my eyes are looking.
These are all points for consideration. I am sure many can see this, but of course for those who’s average is well above today’s prices, it is easy to be full of doubt at this points. One thing is worth remembering our product is still one of two additives which is critical for steel strengthening and that will not change. The global population is growing and steel is key to construction. The energy market is growing and energy storage is highly likely to be a key part of the future. We can expect the VRFB to play a part of this and it will be large enough for BE to make a strong income in the years ahead.
I will leave you to consider these points. Have a great weekend and keep safe and well.
Cheers RK

One aspect of the future valuation of our business and the immediate impact of the share price is the profit the business can achieve from the market price of vanadium. There has been much discussion in the past about the potential impact that Glencore had on the price especially as it had a supply from its own mine in Brits SA called Rhovan and then it had a 100% supply from Largo. But later this year the supply from Largo will stop and Largo will supply their V205 to customers of there own choice. This will take around 6000 mtV of Vanadium out of Glencore's market control. It is likely with this reduced sales inventory it could increase the price of vanadium again. The other consideration is that in China they may reduce the amount of production of stone coal in an effort to reduce the CO2 emissions.
If vanadium prices recover to the mid $45's per kilo this will be a very strong position for Bushveld Minerals and its profits.
The other point going through my head is the vanadium electrolyte leasing. Many will understand that residual value is king in car finance agreements. The higher the residual value the lower your monthly payments. Bushveld Minerals Processing plants can decide their own inter-company sales price to Bushveld Energy. This means that they could easily have the lowest cost of vanadium electrolyte in the world if they wanted to. This means that the actual residual value will be higher in their electrolyte. This is good news for Bushveld Minerals and even better news for their customers as the electrolyte rental costs will be lower as the residual value will be higher. This means they can maximise profits of electrolyte leasing agreements and become the largest supplier of low-cost vanadium electrolyte in the world. We often only consider the supply of electrolyte to the SA market, but if the SA government continue to stall the IPP projects and BESS projects then Bushveld Energy VIP's have the most to gain out of their agreements to take BE electrolyte.
This means our profits and output may well increase to higher levels than has been anticipated so far. It is food for thought and gives every reason to underline that fact that when the market changes direction then Bushveld Minerals may be in the top league of fast growth stocks. Only time will tell. I am looking forward to seeing the end of this current downtrend and being ready to pounce with some funds from a buying level I never in my thoughts would come. The upside and end goal doesn't change. I still expect an SP exceeding £5 within 5 years. It is a tough one to predict but highly possible.
Cheers, RK

Just in case investors are wondering why @roosters was given short thrift based on his comments with respect to the BOD. I would suggest investors look at the presentation from the company given by Fortune Mojepelo in February.

http://www.bushveldminerals.com/wp-content/uploads/2020/02/Corporate-presentation-Feb-2020-Final-20022020-website.pdf

And if you want to see where the company has come from try this:
https://www.thebushveldperspective.com/blog/public-articles-1/post/mandela-to-mojapelo-a-vision-to-change-africa-for-good-384

Cheers, RK

There are many questions investors will have across the whole market at this moment as to what will make the market turn. Nobody knows at what point the current global situation will change with respect to the Corona Virus. However, there is every likelihood that once the temperatures in the northern hemisphere increase the risk of flu-type viruses should reduce based on similar situations in the past. There however maybe at some point vaccine or some treatment developed and as soon as this is announced with availability the markets will see a full turning point.

With respect to Bushveld Minerals and the progress as well as developments to enhance throughput and market progression, the Board of directors led by Fortune Mojepelo and Mikhail Nikoramov have shown astuteness and foresight and continue to be ahead on the market on strategy. The company is using open cast mining and it has grown throughput through training and focused management. They have the lowest cost operations, both at Vametco and Vanchem and are still focused on producing 4200 to 4300 mtV in 2020.
Bushveld Energy are focused on unlocking the VRFB business with the Minigrid at Vametco, VIP partnerships with Enerox, Avalon / Redt as well as other potentials. The opportunity for Energy Storage contracts being announced in 2020 is ever-present. We fully expect to see the electrolyte plant completed for 200MWh in late 2020 ready for electrolyte production.

The company could do multiple things to speed the recovery of the market capitalisation including listing on the JSE with a move to the FTSE in London. If the share price slips much further they may even consider a share buyback.

The long term prospect is very strong, this is not a speculative AIM investment of a company mining and producing high-quality vanadium products to an existing market which has growing demand. We may have a market capitalisation currently which is close to the value of our assets which is totally unreal. At some point very soon the market will turn and when it does (nobody knows), it is likely to recovery very quickly indeed.

In the meantime, the company is working as hard as ever and I have every confidence that they will succeed and build a very strong energy storage business.

These are my opinions, but I hope it helps answer the question.

Cheers, RK