Member Info for RichKen

Expert10201, if you are going to quote people or address people please be polite enough to use their name correctly - it is Pdub!
As the most respected poster on LSE you owe him that courtesy.
Thanks.

I think Sanchez it is the most imminent it has ever been and when it does land BMN will be the envy of the Vanadium world, and any doubts or concerns about BMN being a junior miner which they no longer are will be blitzed as they will become one of if not the largest Vanadium miners and processors in the world. That will be remarkable progress over 3 years!
Within the next 3 years we could be the largest Vanadium Electrolyte supplier in the world too.
The field of opportunity is way beyond Eskom! It is the world VRFB and energy storage market.

Great news for the Afritin BOD and all investors!

We all love Blue Monday!

Bobby,
RNS 1 - Bushveld Minerals are pleased to announce that the Mokopane Licence has been granted in the opening of the mine is fully funded for stage one and an off-take agreement is already in place

RNS 2 - Bushveld Minerals are pleased to announce that Vanchem purchase is no fully agreed and 100% ownership is confirmed and we will be commencing with immediate effect phase one upgrade to 2000 tonnes per year and we have this fully funded via a funding facility from xxxx with agreed terms over 24-month payback through revenue from the plant

RNS - Bushveld Energy have their first supply agreement in place for electrolyte for 100MWh for 2020 and we will be supplying from Vanchem and in mid-2020 from the new plant in East London

RNS - Due to unprecedented new interest from SA Investors Bushveld Minerals are bringing forward the JSE listing

All possible and who knows some could be very imminent indeed! But they will all have a massive influence on the advancement of the companies prospects and potentially our valuation!

Cheers RK

Faramog, I think Thunder1 may have been struck by lightning and we may not see him for some time ;-))

Welcome HocusPocus, I think you will find this board an very knowledgeable place to ask questions and be guided to the answers. I would recommend spending time looking in the Bushveld Minerals website and watch many of the interviews on YouTube which you can find on the Bushveld Perspective also. There is so much information put together to help any newcomers.
There are so many great articles to read here - https://www.thebushveldperspective.com/blog/public-articles-1
I wish you every success with your investment.
Cheers RK

If you are and you want to know what all the investors on here are so excited about, why not read or listen to an interview with the CEO's Of Bushveld Minerals and Bushveld Energy here - https://www.thebushveldperspective.com/blog/public-articles-1/post/recharge-podcast-with-fortune-and-mikhail-426

Thanks to our own Pdub for the transcription of the interview.

Of course our own Bushveld Energy will be supplying Vanadium Electrolyte and potentially assembling VRFB Energy Storage systems, here is a company based in China already building some of the largest systems in the world. It may help you see what is already being produced.
https://vrbenergy.com/
Hope it helps.
Cheers RK

Of course on this point, we have to remember that if you consider a Lithium-Ion Battery is made up of lots of cells - think the small discs you get in watch or small portable application and the cells in an EV are like thousands of PP9 type cells all encapsulated to make up the Lithium-Ion Battery you have in an EV or wall-mounted home battery system. The Vanadium Redox Flow Battery is not like this. It is made up of two tanks of electrolyte (the larger the volume of the two tanks the larger the capacity and duration), then you have the pumps to pump the electrolyte to the membrane. Hence the term flow battery. The membrane is where the Re-oxidisation occurs (Hence Redox). The electrolyte changes state, V2 to V3 and V4 to V5 depending on if it is charging or discharging. The states of vanadium can change through this state indefinitely, hence the long life. Only the membrane loses its property over time (20 to 30 years) and would need to be replaced.

So the system is a Vanadium (Electrolyte) Redox Flow Battery - VRFB. Once everyone gets used to the term it will like describing a car - we don't call them Automobiles any more do we?

The other clear point, is the point of application in the perfect applications they will be used as Grid Batteries - Used to store large amounts of power from either renewable sources, after transmission over distance so the reserves are local to the demand, as peaker units to balance the grid when demand is high or if a power source is lost and lastly as the frequency correctors to make sure we get 50Hz which is critical to motors and other loads which are connected to make sure power does not increase or decrease on the load. So the people who need to really understand the advantages of VRFB will be the energy companies and the national grids of this world.

The smaller home type units from Voltstore and StorEnTech will at some point make a presence but the target market is the Grid and these systems will be large and use lots of Vanadium.

Cheers, RK

Great post Peterfal!
I think we all need our eyes on the Vanadium Redox Flow Battery (VRFB) and the growth of energy storage. Everyday the estimates for the size of the industry is growing and that will be great news for Vanadium producers, and the established ones will be in the best position.

"Ferro Vanadium 80% FOB (China) US$39.3/kg vs US$39.5/kg

Company News:
AfriTin Mining* (ATM LN) – 3.2p, Mkt cap £20.6m – Uis tin project drill results

(AfriTin hold the Uis project in Namibia) (Bushveld Minerals* holds 9.5% of AfriTin)

Afritin, which is developing the Uis tin project in the Erongo district of Namibia, has announced that Nedbank has agreed an N$35m (approximately £2m) working capital facility as well as an N$8m (approximately £465,000) VAT facility with its Namibian subsidiary Afritin Mining Namibia.
The VAT facility ”is simply secured by assessed/audited VAT returns (refunds) which have not been paid by Namibia Inland Revenue yet”.
As the parent company of Afritin Mining Namibia, Aftritin, and Afritin’s 8% shareholder, Bushveld Minerals have “have offered surety for the [working capital] loan to Nedbank as collateral in the form of a joint suretyship from AfriTin and Bushveld”.
“In the unlikely event of default, Nedbank will first call on the suretyship of the parent company of the AfriTin Group (i.e. AfriTin Mining Limited). In the event that AfriTin Mining Limited cannot make a payment, it is only at this point that Nedbank will call upon the Bushveld suretyship of N$30,000,000”.
Explaining the background to the facility and its importance to the Namibian economy, CEO, Anthony Viljoen, said that it “will enable the technical team to focus on a successful ramp-up in order to achieve the design capacity of the Phase 1 Pilot Plant as the Company transitions into cashflow”.
Mr. Viljoen also confirmed that “Having secured a working capital facility for the ramp-up phase of the Pilot Plant, AfriTin is on track to creating the first revenue-generating, a conflict-free asset in our portfolio."
The Uis project area contains was originally discovered in the early 20th century and was mined on a large scale between the 1950s and 1990s, however, the company’s website says that this activity covered just “a fraction of the licence area”. Afritin’s pilot plant plans to use dense-media separation to upgrade the mined ore prior to the production of final tin concentrate. Test results shown on the company’s website indicate that 74% of the tin is recoverable to a concentrate grading in excess of 67%.
Conclusion: The loan facilities from Nedbank help Afritin as it ramps up the phase 1 plant at Uis into cashflow.
*SP Angel acts as nomad and broker to Bushveld Minerals which listed AfriTin on AIM and still holds a meaningful stake in AfriTin."

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Friday_16.08.19.pdf

All positive with today's BMN RNS on financing, which was not released when the SP Angel daily news was emailed this morning.

One thing which is really clear to notice at 20p this morning this share was undervalued by 4 to 5 times! We should be in the SP range of 80p to 100p. So anyone buying in today and over the days ahead are guaranteed to make a significant profit on their investment over the next 12 to 24 months! Not a ramp but a fact!

Zeb, in the developed world you are right, mini grids are for communities or businesses setting up in areas without infrastructure where installing hundreds of miles of cable is not cost effective.

There is no doubt right now that the world is in a change mode situation, with respect to transportation, energy generation, heating and all points that lead to climate change and recycling. The youth of today are pushing the leaders of the planet to wake up.
The global population continues to grow and in China and especially India, this is especially strong. So global infrastructure projects will be at the centre of all superpowers economies. This means continued construction of roads, bridges, large public buildings as well as accommodation. In areas of confined space, this means more high rise buildings.
Buildings will continue to need strong steel, we may see a change away from concreate in a need to move away from high carbon footprint buildings to stronger steels and vanadium will be a big player in this as much as it is in today's rebar market. But concrete will remain for many years yet for the majority construction companies key bonding material.
One major planet change we will see with the introduction of EV's, Renewable power sources, including wind, solar as well as air or ground source heat pumps, an increased energy demand and this means increased loads and transmission cables. Or does it? If grid infrastructure is balanced use large battery systems then current grid cables can be used and the energy storage can be topped up during low demand. Also, the use of mini-grids in outreached areas will need energy storage as well. Energy storage can also be used as peaker units to balance the grids. All these applications for energy storage applications need long duration, multiple cycling, long life and continuous depth of charge over life and only one current battery system fits this bill and this is the VRFB. In any recession, these items will not change and the use of energy does not go away. So the demand for Vanadium will increase, whatever happens, we need to reduce the risk to climate change and provide homes and power for an increased population and if we don't sort out safe buildings and reliable energy supply the world will be in a mess.
Bushveld Minerals has the worlds largest, low-cost supply of vanadium in the world and the low-capex to increase production puts it ahead of every other vanadium supplier and producer in the world. This is why Fortune and Mikhail are so excited by the companies position. Read this interview to hear it from their own mouths and make up your own mind.

https://www.thebushveldperspective.com/blog/public-articles-1/post/recharge-podcast-with-fortune-and-mikhail-426

Cheers RK

Just quietly bought a few more and this amazing price. Don't think it will be this low for long so essential to buy in a few more.
I see our board is very busy today. I hope you have all been buying, as much as chatting, we will be soon up if you were!

For the fundamentals rule, and the BOD is doing a great job of running Vametco and building the business for the years ahead. Record deliveries going to the US and record production output at Vametco. All good in my book.

I note that today's FeV as reported by SP Angel is $39.5 per Kilo FOB (China).

Cheers RK

Two great posts yesterday -

-Gambitxjs - awesome summary
Ophidian - a great insight into the salt roast process

Of course many other great posts and reminders of the great progress and the profit the company is making.

Thanks to Admin for cleaning the board! Let's hope we get back to normal progress today and see a solid recovery building to new SP highs over the coming months. The company is doing everything right, the investors just need to see the progress and continue to buy into this amazing story.

Cheers, RK

From yesterday:

"Vanadium - Chinese rebar strengthening demand cuts vanadium exports and raises ferro-niobium imports

Vanadium exports from China fell through the first half as imports of ferro-niobium imports rose on new demand for metals to alloy with rebar steel for strengthening.
Chinese exports fell 18% to just 2,807t of ferro-vanadium (75% vanadium) in H1 vs 3,419t yoy (FastmarketsMB).
Better prices in China due to stronger steel production through the summer contrasted with slowing steel production in Europe due to the slowing economy, auto production and European summer shutdowns.
China rebar production rose 19% to 119mt in H1
Chinese imports of ferro-niobium rose 87% yoy in H1 to 26,550t making up for a lack of available ferro-vanadium and serving to help offset the very high ferro-vanadium prices seen through H1.
Ferro-vanadium prices have since pulled back to a more competitive $40-42/kg in China and we suspect there will be less available niobium available for substitution."

"Ferro Vanadium 80% FOB (China) US$39.7/kg vs US$39.8/kg"

So we can expect to see demand rising for FeV! Let alone the requirements for V203/V205 for VRFB growth.

993444 - I am not sure I agree with you to the point that BMN has had a bad year. I think they have had an incredible year so far!

Best every accounts in the history!
Record profit in 2018
Increased reliability and output from Vametco
Another Brownfield purchase in progress
VRFB marketing and global presence increasing just at the right time for a certain Bushveld Energy to pick up the mantle

Only thing for investors, is to see the share price rise back to a sensible position to reflect the companies progress.

The great thing is many have not missed the boat!

I have always thought I was rather obsequious, with respect to Bushveld Minerals and our share chat, but after the last two days with lots of travel and business meetings clearly, my obsession has become my work again, given the unprecedented erosion of the share price. I have a little saved away for a buy, if I get the timing right. To be honest, I hoping we will see a turn up in the days ahead. I find it hard to believe that even the oddest investor would not want to unload at these low levels given the position we have been and will be aiming to reach over the next 12 months.
I have just noticed that Bushy investors hold the top 5 positions, and somehow I am on the list. Not sure who that happens with the other top posters who I hold with the greatest respect. Thanks for the votes of confidence guys!
Any way lost of ready to do and hopefully a blue day, week and month ahead. About time we find ourselves in the 30's again!
Cheers RK

Oh, by the way, my word of the day is - obsequious - attentive to an excessive or servile degree ;-))