Member Info for RichKen

These are the key players:

http://www.vanitec.org/vanadium-redox-flow-battery-vrfb-companies

Yachty, that is a good find. There are some very interesting points raised in the discussion. It shows that they have solid ideas.

The key one is they have ambition to offer serious competition to Samsung and LG Lithium-Ion on the stationary storage market!

Let's hope they succeed using Bushveld Energy Electrolyte! I can't wait for the East London plant to be completed and the first litres of product being shipped.

There is some great information on costing and ROI included in this presentation by Avalon:
http://vanitec.org/images/uploads/Avalon_Battery_-_Company_and_Products_Overview_for_Chengdu_Vanadium_Symposium.pdf

Cheers, RK

Income is income - 61% of something is much better, than 100% of nothing.
I don’t subscribe to this though. The business needs to invest in the business right now. It is maximum growth phase and this is critical to make the business ready for the ramp up of the VRFB energy storage market.
We don’t need dividends yet we need the business to able to provide vanadium electrolyte, and reach its goal of 8400 mtV and its VIPs to be growing quickly.
When we reach this, dividends will be annually higher than today’s SP per share.
Now that will please all share holders!
Cheers RK

@BB you can be sure that a few negative posters on a share chat have zero influence. As many here know and I am sure you remember, I went through a very tough time with my good lady a year ago. She was very poorly indeed. She has made huge progress but will never be 100%. So, those negative posts can try to get at any of us if they want, but a greater understanding is clear and no negative vibes will destruct us.
If there is an issue any anyway here then it would be very clear. But, there are not any right now. So keeping up with progress and the steel and VRFB market is vital for all investors. Primary suppliers are in a great position right now. Thanks for your support! There are some amazing individuals on this board and some have like wide had a tough year!
Cheers RK

@Vauch, I am very happy for you all to sell, let in the large fund managers, and in the meantime I will continue to add. If we get to 12.5p as per our chart man suggests I will just double my holding. I think the SP Angel broker note is clear for all to see.
Many will remember 18 months ago we were all complaining that SP Angel were far to conservative, in fact they were nearer the mark than we were. Today many can’t quite believe that they are underlining the fact this share is 25% of its true Markey value. Of course very rarely is any business valuation bang on. They are either under or over valued. But the smart choice when a business is truly undervalued is to buy in. Now never has a pathway been so clear to potential investors with a solid broker note and a vision outlined and underlined by the board if directors not only in this weeks Q4 report but in the interviews presented last year with Crux and others. Now this week ahead there will be new presentations and potentially another RNS! You can be sure that at the mining Imbada in SA there will be a very clear outline on VRFB technology to those concerned about the Eskom situation and Bushveld will be making clear they can help mines with renewable energy systems! The market is perfectly poised.
Let’s see what happens, but my take is that we are very much likely to see the market take a new direction very soon, and it is very unlikely to be downwards!
This very much a buying opportunity as per my opinion indicated on the LSE indication choice!
Cheers RK

Stunning start, not only strong delivery to the US, yet another record. But also the stack is in the ground with the complete Q4 data released this last Thursday as correctly predicted. But several key points were also accurately predicted. The company has outlined the year ahead and they have learned much over the last few years. They are being cautious with predictions so they can achieve there goals, then in time making sure they will not only reach, but exceed at each of the main key targets laid out.
If one watches the Crux interview on FAR released this week you can see a company which has a plan but multiple stumbling blocks. If we then jump to the last Crux Interview with Fortune and Mikhail you can see how far we are ahead.
The key to unlocking the future of the VRFB is the VIP partnerships and the long term supply electrolyte agreements with leased supplies to ensure the capex for clients will be low.
Some may think low cost from the Lithium Ion suppliers will keep them ahead. However given the drop off in performance of Lithium Ion on grid energy storage, there is a distinct change in momentum coming. The energy companies need reliable supply to their clients over a long life to ensure there return on investment is maximised. When you then know in procurement, that the assets will last 20 to 30 years with constant performance, you will chose the long lasting and reliable asset. This is the USP of the Vanadium Redox Flow Battery system. All the key VRFB manufactures know this and when you read there presentations they make it clear.
So a well known chart ‘expert’ may be good with rulers and data analysis but actually the base line is already hit and the fundamentals are going to win in 2020 and we will more likely see new highs in 2020.
That’s my take on the situation, based on a lot more knowledge about this company and the market from an energy storage going forward.
Cheers RK

However, it looks like they didn’t wait for the last week of the month!

Vanadium spot prices rising and Bushveld Minerals Q4 results!

Otherwise an interesting overview.

Cheers RK

This is interesting reading!

https://seekingalpha.com/article/4320150-vanadium-miners-news-for-month-of-january-2020

Cheers RK

Many thanks to everyone who contributed to the 24 hour board reading survey!
The data shows from those who took part we are a little down in numbers from last time. But 206 checkin’s in 24 hours when people are busy is a significant number!
It underlines again who much the information shared and discussions do influence and help a lot of investors. Even when the SP is not moving quickly upwards!
So thanks. Have a great weekend one and all!
Cheers RK

- Bushveld Minerals are a mining business mining vanadium which is used to strengthen steel
- Vanadium is also used in a breaking electrolyte technology used in large energy storage batteries
- Bushveld Have two processing plants Vametco and Vanchem - currently producing a combination of 4160 mtV, in last year with an average selling price of circa US$40 per kilo with an operation coast of circa US$19
- 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 the licence for mining in progress which happens to be the largest high-grade Vanadium mine in the world
- 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 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
- The world supply chain for vanadium remains in deficit and although other projects around the world are in planning so far Bushveld is ahead of the other players in every respect

These are the key aspects and are all 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 Q4 from 2019:
https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q4_Operational_Production_Update_January_2020.pdf

Target broker price 82 pence! This year looks very strong!

This is the basis for a clear illustration of the strength of Bushveld Minerals as a business!

Cheers, RK

Berserker - We all know that you are a fully-fledged 'troll' and love to add a negative balance especially over the weekend and the odd evening to wind everyone up, but for reference, Bushveld Minerals have until November 18 meet and exceed every target that SP Angel had issued.
Clearly, since the fall of the vanadium price in 2019, the SP has retreated from 50p to 20p. But given everything in the SP Angel update today, the RNS yesterday, clearly we are going in very much the right direction.
I am sure you will be mortified and your day will be ruined to be proven yet again incorrect. But the for investors the pathway is very clear.
If you think Bushveld Minerals is not for you, why don't you go and invest in another company where you feel it might achieve your personal goals it will help improve your state of mind and give you some joy in your life. Cheer up, it is easier in life to be happy and much better for one's self- esteem than it is to be a sad misery!
Many thanks,
RK

Oh, and for transparency, I do not own any AML shares!
But, love the cars and had the privilege to drive a few of them!! Stunning!

End of of topic for me.

I think faramog you will find there is much more to that deal than meets the eye. I know Dr Andy Palmer! Not sharing any more than that.

Bassguy, in yesterdays statement it was 8.4p of 82p target price. So about 10%.
I would expect in a years time it will be 50%! So we should have a target price of around £1.50 this time next year.
This is reasoned posting not ramping :-))

Maybe we should stop all this objective and well researched posting! We should just go into full ramp mode! Well, I wouldn't want to be out of this over the weekend!! LOL

I am very optimistic where we might be this time next year! ;-))

Cheers RK

Well, this freshly published report from SP Angel is just the tonic for investors to read!

Came out at 13:25 today!

https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q4_Operational_Production_Update_January_2020.pdf

BMN is highly unlikely to consider Iroveld has we have more than enough vanadium for production for 50 years.

Their investments are going to focus on the refurbishment of Vanchem to bring on line all 4 kilns, grow production to 8400 mtV per annum for both Vametco and Vanchemand grow Bushveld Energy which has the potential for revenue well in excess of just a mining business.
Long term you will see a greenfield processing plant at Mokopane with capacity depending on market needs of 5000 to 10000mtV per annum.
Bushveld Energy are also build investments in VRFB technology as this helps the vertical integration model.
I hope this gives you a good idea why BMN are highly unlikely to put money into a non-operation like Ironveld.
Bushveld are going to grow and quickly by SA standards and that is it in a nutshell.

Cheers, RK

Bushveld Minerals* (BMN LN) 20p, Mkt Cap £230m – Significant operational improvements in Q4 help Bushveld to positive year end result

(Bushveld Minerals owns 74% of Vametco, 100% of Vanchem, 84% of Bushveld Energy in South Africa, 100% of Lemur Holdings, 9.5% of Afritin)

Strong buy - Valuation 82p

Bushveld Minerals report a strong, fourth quarter for production and low costs at Vametco in South Africa.
Vametco produced 880mt of ferro-vanadium up 32% yoy in Q4 bringing the year to 2,833mtV vs guidance of 2,800-2900mtV.
Vanadium sales lagged behind Q4 production at 673mt causing sales to fall by 6.7% yoy to 2,392mtV. The difference of 441mtV is worth over $12m at current price levels.
Cash costs fell 20% qoq for the quarter to an impressive $15.2/kgV. The sale of this stock should benefit cash flow this year.
The Q4 fall in cash costs highlights the impact of improvements made to the Vametco plant and the effect of higher production on unit costs.
Cash costs also fell 5% yoy for the year to $18.10/kgV (ZAR261/kgV) for the year vs $19.6/kgV in 2018 and better than guidance of $18.90-19.50/kgV.
Guidance is for production of 3,000-3,200mtV in 2020 with higher production rate of 3,400mtVpa due to come through in the second half.
Cash cost guidance for the Vametco plant is estimated at between US$17.20-17.70/kgV (ZAR257-ZAR265/kg representing a 2-5% cost reduction on FY2019).
Assumptions: our key assumptions are in the table below. We expect the price for ferro-vanadium to recover with new buying seen in the market in recent weeks.
Valuation:

While the EBITDA figure is better than expected and ferro-vanadium prices have risen in recent weeks we are conscious of potential impact from an extended seasonal shutdown in China due to the Coronavirus.

The Coronavirus is now declared as a global health emergency according to the World Health Organisation and the extended shutdown of industry in China may disrupt steel production, consumer confidence and construction demand.

China is likely to move to restore economic growth and confidence in the ruling Communist Party through greater than planned expenditure on infrastructure and other construction.

This is likely to stimulate further demand for steel and ferro-alloys and serves to support our view that ferro-vanadium prices are likely to rise further this year.

We do not include any additional value for Bushveld’s involvement in Enerox and Avalon/redT though we can see the ‘VIP’ VRFB Investment Platform adding to our valuation of the group in future years.

We maintain our valuation of 82p for Bushveld. We see Vanchem as offering good flexibility in terms of production and product diversification. We have adjusted our assumed rand/USD exchange rate to reflect some further slippage to SAR18/USD from 2022.

https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q4_Operational_Production_Update_January_2020.pdf

Interesting interview on Ferro a new Vanadium play way behind BMN - https://youtu.be/c8D_EEml02Y

Not an endorsement just for information.

Cheers RK

Hi faramog, no I am not interested in being top of any leader board, the idea is to gauge really how many people are reading the board at different stages of the business growth. There are many regular posters here and it is highly likely many watchers. When you see that 200 plus people are following and most likely investing here as a direct consequence of research and the actual usefulness of the share chat, it underlines its importance.
As investors it also helps us know the true sentiment, apart from the SP.
the survey has no other purpose I can assure you.
I have loads of great friends and being liked or disliked from a personnel perspective of a forum like this is not anyone’s goal. Share helpful information and research is very encouraging though.
I hope you agree.
Cheers RK