Member Info for RichKen

Thanks, VV! The confidence in this business and the vanadium world is growing day by day as we see the needs of the world-changing and the great opportunity to make use of new technology.
When the advantages are so profound using vanadium to strengthen steel and make buildings much safer and then vanadium to make an electrolyte to be used in an energy storage system which practically makes it go on forever (if the rest of the VRFB components could) it really becomes a miracle mineral.
When we look at the upside to grow out output to 10,000 tonnes per year and the amount of electrolyte we can produces which relates to 1GWh of energy storage per year from the first plant this is just such a huge story and the profits which can be achieved in the low cost production as well as creating jobs in a country where there are real issues and also the fact that the company are giving so much back to help the local community this is an investment which is good from every point of view which is why I am such an avid supporter. Of course for all those who hold will see an excellent long term return on their investments.
I am expecting another good week ahead, in fact I am expecting a solid run for the next 3 to 6 months!

Have a great week all!

Cheers RK

Superb article Ophidian and superbly illustrated by Alfa as always! The knowledge of may investors on this board makes it an invaluable place to pick up the latest info in the vanadium world and potential details that help any investor learn more about Bushveld Minerals and the Vanadium world. Of course, the detail is illustrated well on the Bushveld Minerals website as well as the Bushveld Perspective which was endorsed by Vanitec the Vanadium Industry body.
Great work!

The growth of VRFB will happen in phases and the advantages will be clear to the Energy companies around the world and they will take a strong share of the global energy storage market. In the meantime our small shareholdings in this amazing company will be worth many multiples of today's value in a steep upward direction for those with patience to hold. The upward growth curve of this industry and the need for zero-carbon energy generation is huge!
I do not want to predict the value of the business in 3 years time but I think it will be multiple billions of £ sterling and will be making strong profits and paying dividends which will make many of today's investors very content indeed!
Cheers RK
PS - Below it should read East London (SA)!

VV, I have also followed closely the growth of the business and you find of the growth in the BMN summary on HL website is always a good read. The last 3 years have been incredible, the next 3 years are likely to be phenomenal!
The growth of the energy storage market is already huge and the coming years are going to get stronger and stronger. There is much interest growing in the VRFB technology and the fact that there are more and more companies taking this technology seriously across the world and the known limitations with Lithium-Ion battery systems. Our next 12 months at Bushy are going to bring a large influx of vanadium electrolyte to the market. Of course there are other players coming too and this is good. The market potential will need multiple large V Electrolyte plants producing large quantities to ensure the technology becomes the major force over the next 10 years.
I keep underling the fact that the unique vertical integration supply chain that Bushveld Minerals gives them the fastest and most efficient route from ground to the electrolyte by transferring the asset from internal business to business maximising profit and potential earnings.
I also want to make clear that the market in South Africa is and Africa is huge, but Bushveld could just as easily expand the exports to the Middle East, Europe, India, China and even the US. Some here are concerned about the issues at Eskom, I d not share this concern as the global market is already off the scale. Any country with the mineral and technology with such a great company as Bushveld Minerals should maximise there opportunity, but if the politicians don't see the light and the country wants to site in the dark ages focusing on coal then Bushveld Minerals will make huge opportunity selling their product around the world as the renewables and energy storage market takes off. South Africa has 30% unemployment and a population of 58 million people so there should be lots of opportunities to create jobs and solve their energy crisis if they want to. They have lots of sunshine and wind so they are in a good place.
Either way, the opportunity for this company to grow in the most dramatic way over the next 3 years is pretty clear. Vanchem and Vametco as a combination is massive, the point when Mokopane is brought into the picture either later this year or in 2020 just exponentially explodes the growth opportunity and the East Londo Electrolyte plant with 200MWh in phase one expanding to 1000MWh as quickly as is needed will be I am sure just the first real phase of Bushveld Energy. In 3 years time I expect Bushveld to be opening a second or even third Vanadium Gigafactory!
The growth of VRFB will happen in phases and the advantages will be clear to the Energy companies around the world and they will take a strong share of the global energy storage market. In the meantime our small shareholdings in this amazing company will be worth many multiples of today's value in a steep upward dire

Bella, I am sure you are right. The lease deal is of critical importance to the pricing of the VRFB product. They have always been clear that there will be a leasing partner in much the same way as motor finance is backed via a bank or financial institution and of course, Bushveld Minerals will be paid for the vanadium and Bushveld Energy will earn a long term income from the lease agreement.
I am glad you buy it the point that Fortune has already said that he does not want further dilution of the business, so we can be sure that if more money is needed it will be raised through debt which will be backed by income from all aspects of the business and knowing the way the business has performed so far the debt will be cleared quickly at each stage.
It is clear that there will be much pressure on the shares in float know and over the next 12 to 18 months. I think we can expect to see a very strong rally in share price which is very hard to predict, but the value of this business will rise, the rise further and dividends of the current share price per annum will be more than possible within 3 to 5 years.
This will represent a solid long term investment which many in the future will be kicking themselves they had not bought in, or even sold out to early. This is not your usual AIM company and I would be very surprised if does not move into the main FTSE market early in 2020, if not at the time the JSE listing is finalised.
The income streams from the steel growing Nitrovan products from Vametco, the V205 sales, the Vanadium chemical sales from Vanchem and the Vanadium Electrolyte sales from Bushveld Energy in EL, will be generating a very strong profit stream and this company is likely to be one of the jewels in SA new crown listed on the FTSE in London and the JSE in SA. I expect it will become a first-tier supplier in a new huge energy storage tech market and we will see very strong valuations in future, despite its global location, which from a Vanadium perspective is critical as one of the primary vanadium resources on the planet.
The more we look at the future potential market and the development of VRFB and its market growth, and as time goes on a replacement tech for worn-out Lithium-Ion products, it could have a two-stage growth from 2020 to 2028 and a strong upside again from 2028 to 2040 in the replacement market. By then we may see a life of VRFB of 50 to 70 years possible with technology developments.
Cheers RK

Sorry for the error in the previous post!!

We have all been aware that at the end of life the Electrolyte in Vanadium Redox Flow Battery system can be recycled. At this point, we imagine that the electrolyte is drained off sent back to Bushveld Energy they siphon off the vanadium and reprocess it. However, the reality is the tanks of electrolyte could stay right where they are and the membranes and a few other parts in the VRFB systems upgraded and the system recommissioned and the system has another 30 years plus. It will depend on the designs of the VRFB as they evolve. Once the market sees this potential the life of the system will be longer than the power source!
If you think about the lease model revenue this could be over 60 years of perpetual income. Not surprised that the lease idea for electrolyte is so exciting!
Makes you realise that these are looking like the true perpetual and every ready durable energy storage system. A battery system for life!
What a beautiful mineral vanadium really is!
The story of the VRFB is only half discovered and has massive development ahead which will change the grid and unlock renewables as low-cost perpetual energy.
Still not invested here? Well, these low buying prices will not stay around long, the rise is in progress and it has a long way to go!
Have a great weekend all!
Cheers RK

We have all been aware that at the end of life the Electrolyte in Vanadium Redox Flow Battery system can be recycled. At this point we imagine that the electrolyte is drained off sent back to Bushveld Energy they syphon off the vanadium and reprocess it. However, the reality is the tanks of electrolyte could stay right where they are and the membranes and a few other parts in the VRFB systems upgraded and the system recommissioned and the system have another 30 years plus. It will depend on the designs of the VRFB as they evolve. Once the market sees this potential the life of the system will be longer than the power source!
If you think about the lease model revenue this could be over 60 years of perpetual income. Not surprised that the lease idea for electrolyte is so exciting!
Makes you realise that these are looking like the true perpetual and every ready durable energy storage system. A battery system for life!
What a beautiful mineral vanadium really is!
The story of the VRFB is only half discovered and has massive development ahead which will change the grid and unlock renewables as low cost perpetual energy.
Still not invested here, well these low buy games n prices will not stay long, the rise is in progress.
Have a great weekend all!
Cheers RK

Berserker, you are right, there is a lot of PIs invested here all at different stages at their investment so no one can be clear what anyone else is doing and in many ways it is irrelevant because with over 1 billion shares in circulation a few here and a few there doesn’t make any difference. What does is mass buying or mass selling into news.
The key points for all investors to note is that at every stage Bushveld is a low cost efficient operation which can maximise profits in every value stream it decides to operate in. With astute investment to maximise plant operations and excellent training and staff motivation based on pay and well being we can be sure that the business will be making fast returns on investment and good margin. This means maximum profits and will in the short, medium and long term make Bushveld Minerals a solid investment with solid fundamentals.
Once the four major points are in place:
Vanchem complete
Mokopane licence with off take and mining information announced
Electrolyte production and off take agreements in place
JSE listing completed
The business will grow very quickly indeed to well over a one billion market cap business with potential for multiples as it grows further.
As people more and more understand the potential more will join the investment opportunity. It is much bigger than this share chat forum or any other forum will control. They have and will have significant global investors and it is very exciting indeed.
VRFB will be huge and that industry will be a huge cash growth story.
All good for me!
Cheers RK

Well, looking at the change in momentum and the current rise in SP we are on track to get close to 50p by December. Of course, there are multiple factors which can accelerate or steady our progress but I think investors as a whole would be very happy to get to that level and set the potential for a strong rise through 2020.

The upside potential for the Vanchem plant, upgrades to Vamteco( as well as record production in 2019), Mokopane licence with early off-take, production of VRFB electrolyte from both Vanchem and East London, electrolyte supply agreements and orders and the JSE listing will all have a huge impact over the year ahead.

I would be happy with a close of around 24.5p today just to finish strong!

Have a great day all!

On HL it shows today up 7.04% up.
Great result after sensational RNS leading towards the goals which have been explained and those which are expected.
This company is already moving forward in an exceptional way, but it really is about to deliver not only on people’s hopes but on Fortune and Mikhail’s expectations leading Bushveld Minerals to be one of Africa’s most successful mining, processing and energy companies in the fastest growing renewables energy market.
Very, very exciting.
Tomorrow - definitely blue!
Cheers RK

Fantastic news, it seemed a sure thing but great to see it in black and white. The preparations and ensuring they have everything in place to fully fund the upgrades are very positive indeed.
Next RNS's
- Mokopane Licence? That will be the icing on one of the most special cakes ever!
- Bushveld Energies first Vanadium electrolyte contract agreed?

They won't be long. Exciting times ahead!

Sorry not to post earlier today - but very busy day for me!

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Wednesday_28.08.19.pdf

"Ferro Vanadium 80% FOB (China) US$38.5/kg vs US$38.5/kg

Battery News

Tesla Megapack pushed to replace peaker plants

Elon Musk continues to drive the recently launched ‘Megapack’ to electric utilities in an aim to replace peaker plants. According to Tesla, a single Megapack has up to 3MW of storage capacity and a 1.5MW inverter.
Tesla was competing by simply configuring projects with a lot of Powerpacks, but now the Megapack is a new option better suited for larger projects: “Using Megapack, Tesla can deploy an emissions-free 250 MW, 1 GWh power plant in less than three months on a three-acre footprint – four times faster than a traditional fossil fuel power plant of that size. Megapack can also be DC-connected directly to solar, creating seamless renewable energy plants.”
Musk is especially targeting replacement of peaker plants, which are smaller and less efficient fossil fuel plants used when the grid requires a lot more energy than average, such as at its ‘peak’.
Musk suggests incorporation into the Supercharger network, which experiences highly variable charging intensity.


Supercharger network delivers impressive 72GWh electricity

In 2014, two years after the Supercharger network launched, Tesla had only 10GW capacity and could deliver around 72MWh in a single day. Tesla’s latest statistic shows the automaker charging network delivered 72GWh electricity in a single month.
Roughly 6 years of operating the Supercharger network, unanimously considered the best electric vehicle fast-charging network globally, had delivered over 405GWh energy by last year – resulting in almost 1.4bn miles.
On Twitter today, Tesla said that they saw 2m Supercharger sessions in July 2019 — “totaling 72 GWh of energy.”
The automaker compared the energy capacity to powering:
Hawaii for three days
The Republic of Ireland for a day
Playing “You’re Beautiful” on repeat from every device in your house because Karen just left you
The Supercharger network now consists of 1,617 stations and 14,087 stalls around the world."

Of course, the ideal solution would be for the 3MW Units to be VRFB so they would last 30 years not 10 which the Tesla Lithium-Ion systems are likely to last! But Elon Musk will be pushing his technology hard and the VRFB industry needs to be ready to tender of all these projects as they grow. It is also worth noting that providing batteries packs local to large charging stations around the planet as the EV industry takes off will be essential to make sure there is always sufficient power ready for rapid charging. The second point just shows how large this market really is now let alone what it will become!

Great to see another blue day here. Shame we did not finish were we should have done around 5% up as we saw around midday, but the momentum is good and is looking likely we are heading back towards the high twenties over the next 5 to 10 days.
There is no reason that at any time we may see another critical mass RNS which could really accelerate the re-rate back to a sensible and more realistic valution.
I am glad to see a few new posters on this board who are regularly adding to the debate. I think we all need to be careful not to get to personal or say things which we would not say to one another's faces if we were together, and of course try to stick to aspects relating to Bushveld Minerals, Vanadium Market conditions and opportunities relating to energy storage and specifically VRFB technology which really drive our market potential.
I have to say there is a lot you can find on twitter using #VRFB which are worth reading and finding out about.
Have a great evening all!
Cheers, RK

There is some serious buying this morning. Good to see the market is starting to wake up to the potential this incredible company is working towards in a market which is said to be worth $100 billion over the next 10 years - Electrical Energy Storage - The world of Bushveld Energy and the Vanadium Redox Flow Battery - VRFB.

Looks like Henry Hover is buying all the shares he can....

Just had a little buy of 6995 @22.7 - not live
Keep on adding!

We know that Fortune has said that he would like to build on partnerships with VRFB companies and that may mean taking a share in them. The partnership with Avalon already announced will mean a leasing platform for Vanadium Electrolyte, but it could become more. I am sure there will also be a further tie-up with UET who have partnered with BE already on the Eskom system and this could easily grow. There are multiple more opportunities too, even license agreements which are possible?

Whoever they partner with if they can get into an exchange on technology and supply agreements for electrolyte it will be a win-win hopefully on multiple continents to ensure a broad customer base and be able to supply the right systems for the right applications which is all-important.

TODAY:

Very pleased with another blue day and if this correction continues it will bring a lot of confidence back just at the right time with the most significant news items coming which will truly be setting Bushy up for the next level!

Very exciting times. I am in no hurry, I just want the world to see the advantages of the technology and every shareholder and employee of Bushveld Minerals to be able to share the success of this incredible business which is heading in the right direction at the right time.

Have a good evening all.
Cheers, RK

Definitely VV! We have been sharing the last incredible possibilities on line for some time and the advantages are compelling indeed. In fact in time the 30 year life could easily be extended. Compared to 10 years maximum for a lithium ion it is a now brainer! The heat issue is a worry too. VRFB systems can work with the same performance over a very large temperature range. Which is better suited to all climates. Also if you need to increase the duration from 2 hours to 4 hours you just double the size of the electrolyte holding tanks. Nothing else changes. The technology is remarkable.

There will of course be at some point the transition on the cost of charging an EV on route, but the smart money will invest realitively quickly in low cost solar and a suitably sized energy storage system for home before the tax comes in. The governments today need to incentivise first the change hence the tax breaks for early adoption.
With respect to grid storage though this will be a business purchase and this is clearly where the focus of Vanadium Redox Flow Batteries technology will be deployed and this will make up the majority of Bushveld Energy’s clients and so important the technology will be.
Looking forward to exciting news ahead over the following few months which will lead to significant upside:
Mokopane License
Vanchem purchase completion
Bushveld Energy East London site updates
News on First clients for off take agreements for Vanadium Electrolyte
Vametco mine and process plants latest record achievements
The future is Giga exciting!

Faramog, I think you are going of subject. This discussion and the relevance of energy storage for use on the grid and at home is completely linked with renewable energy and EV’s which brings and focuses our discussion back to the critical importance of vanadium as its ability to give long term repeatable energy storage is a unique selling point. This board is about the key drivers which Fortune and Mikhail the CEO’s of Bushveld Minerals and Bushveld Energy have made their life’s work and to which readers of the board want to understand. The Markey size for energy storage is beyond massive and the use of vanadium because of its unique four phases of its cell structure within the electrolyte make it a perpetual energy source. The limitations are down only to the membrane technology and the life of the electronics which control the battery storage and frequency control.
Vanadium as massive future not only in the well established steel strengthening market but in the massive VRFB market of which readers of this board will be wanting to fully understand.
Once you have your solar system and your home VRFB system your electricity is going to be a whole lot cheaper and less dependant on tax.
The focus is based on the urgent need to make solar and wind both discontinuous power sources a 24 hour source, protecting our plant for generations to come.
Vanadium is a super mineral and that is why it is a compelling investment for the foreseeable future and Bushveld Minerals are in the driving seat to capitalise on this opportunity bringing all investors with them.

Absolutely Alfa, there will always be a few that think this is a great idea and they are the ones who don’t understand the technology and thinking they are getting something for free. Poor old Nissan Leaf owners may be getting a rough deal as the previous generation of batteries had the worst deterioration of any EV sold. The last thing they need is more cycles.
Of course vehicle manufacturers are likely to promote this idea so you come back 3 years later and replace multiple cells in your battery. Nice little earner for them having lost out on servicing. I would also expect many dealers will over optimum charging stations to suit there clients vehicles. Nice chance to go in and look to upgrade to the next new model.
The Porsche Taycan, will need this support as they can use 800v high power charging, as opposed to all others which are 400v. Of course this is facilitated through the onboard control as the UK 3 phase supply is 400V. But nice idea if you want to charge your Porsche in 20 minutes back up to full charge. Fast car fast charge.
Back to V2G, the idea is compromised in so many ways and proper Grid storage is the only perfect way to enable the grid to work effectively and ensure transmission cables don’t all need upgrading.