Member Info for RichKen

To be honest LawrenceH, the position that Bushveld Minerals are in as Fortune and Mikhail have stated it doesn't matter too much even at this level they are making money. Not many others will be! As we have the lowest cost base. Add Vanadium Electrolyte and the VRFB market and supply of 1000 MWh of electrolyte every year (5000mtV) at a premium as an electrolyte and we will be at the equivalent of something around double if not higher the actual vanadium price and VRFB tech will be lower cost than Lithium-Ion over a 20 to 30-year life! So we are in a win-win situation. This is the hedge or edge that we have!
However, the company which has driven down vanadium pricing over the last 10 months is exactly the company which very soon will be pushing it back up again as they will not be able to let is sit this low for long without it hurting their profits! That company is not interested in VRFB, only in steel FeV or V205 for steel additives. The main primary suppliers of vanadium will have more control by the middle of next year too.
So I am not worried at all. In fact, it is the reverse I am more excited. I didn't see worried faces on Fortune or Mikhails faces in the interview did you?

It seems pretty clear that once the vanadium price turns upwards and there is a steady rise, with the output increasing now we have a real output potential immediately of 5000 mtV (3500mtV from Vametco and 1500mtV from Vanchem). Ironically this is exactly what was suggested by the company two years ago! It is not quite in the way long term investors expected. In fact, the current situation is even better. As we have the upside over the next 2 years to 8400 mtV and way above that by 2023/24. Potentially over 12,000 mtV if they build a greenfield plant at Mokopane which would be highly likely if VRFB becomes as big as it has the potential to come!
Even if we had a steady long term Vanadium price of $60 per kilo that is over $336 million per year (8400mtV pa). Purely on vadium, but it will be much higher than this as the electrolyte income will be substantially higher. By 2024 we could have profits well over $400 million dollars pa. Now I might be getting ahead of myself here, but if we take what was suggested by Mikhail and Fortune in the interview, this puts us in line for a valuation somewhere between £4 and £10 depending on how the market looks on the Energy Storage market in 3 to 4 years time.
This is truly phenomenal! It also makes today's price an absolute bargain.
SavvyiInvestors with time on their side should really consider this as a solid part of any divested or even renewable energy-focused investment portfolio.
These are my thoughts and people should make there own decisions but this is looking as good as it gets. The world is talking about moving away from fossil fuels, and looking at energy from renewables and making them work 24 hours a day. Vanadium Redox Flow Batteries maybe 10% of this energy storage market, but if this turns out to be conservative then our valuation will be a whole lot higher than the giddy heights which even I have laid out!

Thanks for Matthew Gordan from Crux for bringing out the info and thanks to Fortune and Mikhail for having the vision to build such a business! Oh, and how fortunate are we to be investors in right at the start of this amazing story!

Cheers, RK

We must get some strong buying today after that interview!
Have great week all!

If you are just checking in then today’s must watch for everyone investing or invested in Bushveld Minerals: https://youtu.be/p3QUjIL1rJQ
If this doesn’t help you nothing will!

Expect that the company will grow beyond 8400mtV after 2023. Expect an additional kiln at Vametco taking the throughput beyond 5000 mtV in the future too.
Bushveld Minerals are ready to grow as quickly as the market develops and much quicker than any other vanadium business!

Best interview yet with Fortune and Mikhail!
If this interview does not convince the doubters and shorters that they have miss understood this company they are blind or stupid!
This company is going to make serious progress and huge revenue!
They are looking to invest in other VRFB companies and other vanadium potentials. This company is going to be mega!

I really look forward to a time very soon when some of the VRFB manufacturers add to the story with more detail on the costs for production, the ease of recyclability of the electrolyte, the parts which would be replaced to make the system function on beyond the 20 to 30 years.

There is no doubt as the membrane technology evolves that the life of a VRFB could increase to 30 to 50 years. This could be a massive advantage to renewable projects. Only pumps and pipes may need replacing as part of routine maintenance.

The VRFB almost becomes a case of perpetual energy when linked with this high power wind turbines and solar projects.

There is so much work being completed in studies in new building cladding which will be solar energy-absorbing, plus of course solar panels or new solar tile technologies, bring this together with a long life VRFB and your homes, factories, leisure facilities and shopping complexes can all be carbon energy free and energy cost could be reduced for years and years! Good for the pocket and amazing for the planet!

Once the true facts of the advantages take over in energy storage of vanadium there will be a huge change of focus. The Lithin Ion batteries have amazing capability in the right application but not in your home energy storage, not in large energy storage projects and certainly not being used as an extended life in energy storage beyond the vehicle. 3000 cycles are it for Lithium-Ion! But Vanadium really will go on and on - 10,000 and beyond!

If 'Duracell' made batteries out of vanadium they would not sell another one!

Low vanadium prices are likely to speed up the transfer from one technology to another and the VRFB manufacturers need to be making this their moment! Bushveld Minerals Vanadium Leasing program is going to extend this low running cost over the life of the energy storage project and that will help every renewable energy project be the most cost-effective.

You need to lobby these points home to everyone!

After all are you not invested in the company with the world largest high-grade low-cost Vanadium resource!

My thoughts for the day!
Cheers, RK

SIPPmeister, sorry I have been away from the desk for a couple of hours!
Lithium Ion batteries have high energy concentration hence they are ideal for portable tools, laptops, phones, small devices and of course EV’s. They have around 3500 cycles of charge discharge, however over their life the depth of discharge reduces, as we all know from our phones and laptops etc. It is also a point that during charging and discharging they become warm or even hot. So good is high energy density, lots of power in a compact device, but short life which deteriorates.
Vanadium Redox Flow Batteries have a lower energy density, they are made from water, sulphuric acid and vanadium in a powder form which dissolves. There are suitable for long duration storage and the volume of the electrolyte tanks determine the storage capacity. Now they have a minimum of 10,000 cycles and they don’t loose their depth of charge over life. During charging and discharging they actual cool slightly rather than heat up. The current life is limited only by the membrane technology between the two sides of the battery. Because of the physical size they are only suitable for stationary applications.

Lithium ion cells are relative complex to make and there are multiple metals involved and this makes them hard to recycle. Lithium if if catches fire cannot be extinguished just using water or even taking away the oxygen and in fact when in fire the energy is multiplied around 6 to 10 times and they give off very toxic and dangerous gasses!
Vanadium Redox Flow Batteries are relatively simple, two tanks full of electrolyte, two pumps, inverters and a high tech membrane. The electrolyte is easy to reuse by draining out and reusing. Of course the vanadium could be extracted and used for other standard vanadium uses. The other major point on large energy storage is there is no fire risk and they are safe in buildings etc.

This is as compact and simple an explanation as I can give. There is far more to be honest but this is as easy as I think we could make it.

Hope this helps!

Cheers RK

Oh and Bushveld Minerals are Vanadium miners, processors and Vanadium based energy technology masters!

Hi Bella, as many on here, who are on Twitter will testify, I have an obsession of promoting VRFB on as many solar and wind projects as I can with respect to #renewable energy, #renewables, #VRFB, #solar, #wind, #energystorage, #gridstorage, amongst many!
I have also written to the key business and energy ministers too!
I am always happy to have others support on this. I started as Alfa will tell you with one follower! I have a few more now! The key is to expand the advantages of the technology to a mass-market and get people engaging with energy storage and what it means. That means going to shows and conferences on energy storage if possible to learn and contribute to questions. We are all learning after all!
But the only way is to follow Mikhail and his team on VRFB promotion! If you v believe in the business and the potential it is a practical way to engage in the business future. Hopefully, soon I will buy a VRFB for my home!
Cheers, RK

Matthew from Crux has said today - 'Mikhail and Fortune are smart guys. The business is a good one. They have options. I liked what they said'

It will be a great interview!

From a business perspective, there is no downside to Bushveld Minerals at the moment as will be abundantly clear when the interview is published later today on Crux.

For investors currently bought in, we need lots of new ones to realise who good this company is and how strong the market will be for energy storage and especial Vanadium Redox Flow batteries to back up large scale solar and wind renewable projects in Africa and around the world. The world knows we need it, but the world only really has heard of Lithium Ion and until there are a few more large projects which high-end energy companies can see with all the numbers to back up the ROI (return on investment), the reliability, and the fact that the performance stays level of life they will be thinking?? Now there enough projects going live and development systems which are becoming more public and this will change the sentiment is a big way. One of the key drivers, is the life, 20 to 30 years and the fact there is no risk of fire or thermal runaway!
There is no doubt in my mind that this company is set to on to be a multibilllion pound company, from multiple revenue streams and the ambition of Fortune and Mikhail both being young, knowledgeable, with astute business acumen and massive motivation, as well as both, being large shareholders in the business are going to deliver and keep delivering!

Just my thoughts, but based on a lot of detailed research!

We have certainly had an exceptional year in terms of a business positioning itself for future growth:-
* Optimise training, bonuses and pay structure at Vametco
* Optimise output and run of mine at Vametco
* Workout a perfect strategy for leasing vanadium electrolyte and founder partnership
* Find a perfect way to expand the business through the acquisition of one of the largest potential vanadium brownfield processing plants in South Africa
* Then once the deal is on the table, renegotiate the terms and save $25 million
* Progress ready for the Mokopane mining licence which will open the largest high-grade vanadium mine in the world
* Secure a worldwide Vanadium Investment Platform to lead the global push for VRFB and partnerships with other VRFB manufacturers and OEM's to help them grow with BMN
* Secure a long term partnership with Avalon and REDt by helping to fund their development and to leave a door open to gain a larger share in those companies as well as gaining a wide-open door for electrolyte supply
- Finalise the purchase of Vanchem
- Record production in one month 310 mtV at Vametco in September

So what next:-
- Big interview with Fortune and Mikhail out today / tomorrow on CRUX Investor
-Maximise the potential with strong management and operational excellence at Vanchem with
shrewd-investment
- Ensure Vanchem Vanadium Chemicals is ready to produce vanadium electrolyte
- News on the East London vanadium electrolyte plant
- Licence agreements to produce electrolyte in other parts of the world with Bushveld Vanadium?
- Move to the FTSE with a huge Investment Presentation to explain the business future and the renewable energy market with a key push towards safe long-lasting and reliable energy storage?
- JSE Listing with opportunity for SA and its people to buy a part of one of its most potentially succesful companies of the 2020s?
- BESS Project tender update with major opportunities for Bushveld Energy to partner and support.
- Vanchem and Vametco upgrades to accelerate vanadium production to support the global electrolyte market
- Mokopane Ore off-take agreements
- Mokopane Ore deliveries into Vanchem
- Bushveld Energy Partnerships with Renewable energy companies?

The picture and opportunities are magical and incredible and this companies dream of vertical integration and now horizontal partnerships are looking beyond what any early investors could have imagined!

However, one thing is abundantly clear Fortune Mojepelo and Mikhail Nikomarov as CEO's are doing a truly remarkable job of steering this company forward!

Many thanks to you both from all the investors on this board!!

Have a great weekend all!

Cheers, RK

Hot news!

A little bit of news the interview is completed and is in editing! Should be available tonight or tomorrow morning!

The good news is both Fortune and Mikhail are in the interview so a lot of ground will be covered. Apparently it is a long one!

So Pdub get you transcribing skills ready!

Cheers, RK

Raz10 the combination in 2020 could be very close to 5000mtV!

Assume 3500mtV for Vametco and 1500 mtV for Vanchem

I fully expect to see a rise in vanadium prices despite what some on this board have considered in the last 24 hours. There is no doubt that assuming the China /US trade ware will stop as it is benefiting neither country, that new construction projects will come on stream and that VRFB projects will really start to take off then demand will grow. Vanadium chemicals growth will happen too! I really will be very surprised if we don't have an average vanadium price in 2020 of $45 to $50 per kilo.
Remember Largo will be shot of Glencore, Bushveld will have increased production and Glencore will want the prices pushed up otherwise there own operations will be in negative profits! Companies may manipulate prices for short times to meet their objectives but they need to make a profit with their assets and that will be the case. The pure-play vanadium players will want pricing which suits them and there are not many of them right now.
So I fully expect 2020 to be a great year for Bushveld Minerals and Bushveld Energy and a year that Bushvelds investors will look on as the year that their investments finally realised a sensible level! Time will tell, non of us can be 100% sure but every cycle changes and right now it looks to me as if this is about to change!
Cheers, RK

One of the most interesting points for me in yesterdays Q3 RNS which I didn't see anyone comment on was this:
'Bushveld Minerals is exploring various options for Lemur Holdings to operate as a standalone coal and energy focused platform.'
That means it will be sold off or floated as a stand-alone business. Clearly they are progressing that business in the best way they can to maximise its value to shareholders, but it is not sustainable as a business within the Bushveld Minerals umbrella for clear reasons.
I look forward to hearing more news on this soon. Would make a great Christmas RNS Lemur is listing on the JSE or is sold. With the value being used to develop Mokopane.
Does anyone else have thoughts on this?

The text Sanchez posted:

On 7 November, Gao Feng, spokesman of the Ministry of Commerce, disclosed at the press conference that China and U.S. chief representatives had serious and constructive discussions on properly solving core concerns of each party over the past two weeks and agreed to cancel additional tariffs by stages with the progress of agreement.

According to Gao Feng, if China and the United States reach the first stage agreement, the two parties should follow articles of the agreement and cancel additional tariffs that have been imposed in a simultaneous and equivalent manner, which is a significant condition for concluding an agreement. Gao Feng expressed China's consistent and definite position in tariff issue. The trade friction is provoked by additional tariffs and should be put to an end by cancelling additional tariffs. The specific decline in additional tariffs in the first stage is subject to the first stage agreement.

Great Post James0309! Recommended!

There are many investors on AIM that follow a herd mentality and ramp penny shares to pump them up and once they reach a level they sell up and knock them so they fall back. The MM's make their money on the way up and down. Most have thin management and questionable fundamentals, but could offer dream potentials, generally, they line the pockets of the businessmen who run them, the MM's and a few lucky punters.

Every now and again a company comes to market with solid management, great fundamentals, and a market potential which is fantastic - Burford Capital, ASOS, Boohoo, Keywords, and many others.
Bushveld Minerals is one such company which has set out foundations for a truly incredible business in a county with a difficult history, but which needs strong future businesses as well as great examples to be emulated in future. I am sure Bushveld is such a company. Nothing anyone on this share chat or any other will change anything this company has set in motion.
Vanadium prices have been manipulated by certain companies up and back down again to suit an agenda. When that company thinks the time suits them they will turn it back again. However, Bushveld has a way to maximise in the low days and maximise in the high days with a vertically and horizontally aligned business plan. No Market maker or Individual investor will change that. Investors have a choice to chose investments they think they can take a punt on or invest in. There are many highly intelligent and smart investors on this board who have spent years working this company out and the market and they will make a healthy return by increasing there holdings in the ways they can, by buying more, trading small amounts and buying back or through dividends in the long term being reinvested.
One thing is for sure this company has such a strong base, customers, resource and one of the worlds largest markets it will succeed!
Primary Vanadium Companies:
Bushveld Minerals
Evraz
Largo Resouces
Glencore
There are others working up like Australian Vanadium and some other hopefuls.
Glencore is huge and vanadium is just a small part of there portfolio. But long term tow focused companies Largo and Bushveld have a very bright future. But Bushveld in many ways has a major advantage it has the worlds largest resource and is already vertically integrated. It has grown via the purchase of low-cost brownfield assets at perfect times and now has the capacity and opportunity to really make strong profits. The vanadium prices will not stay long at this level and i am sure Fortune will explain that in the Crux interview. A few poorly research investors will be very surprised with what is going to happen next here. But the well-researched people can see it as clear and clear.
I will be adding to my investment very soon here, and will be adding for the next few years, as this will be one very successful company!
Cheers, RK

Daisydog, just to let you know CRUX thanked us for your question earlier and said he would add it in.
Can’t wait to here it tomorrow/Saturday when it is posted on YouTube.

Good evening everyone,
Make no mistake after the last few week shenanigans with respect to this companies valuation, individual share holders may well be disappointed and upset. But you can be sure give the monumental progress and business positioning by the board of directors and the company management, they will be equally disappointed!!
They have as much if not more to gain by moving away from AIM as all the individual share holders.
If this last 4 weeks have proven anything, it has fully underlined the need to change. This company is doing everything right and the business does have a massive future, seriously this is for real.
The BOD have serious holdings too and in the future employees will too via the JSE.
I expect this now to become a priority for the business and would expect to see this in early 2020.
It is my opinion and I have a very strong hunch.
Cheers RK.

Daisydog, Question sent to CRUX. No problem.

Bella, CRUX thanked us for yesterdays additional question.

Wow, we really are on our way now!!

Cheers, RK

Thanks