Member Info for Sanchez599

Something or nothing, but interesting that as soon as that 140k buy popped up we see the 2x £10k plus fees sell that has been so prevalent when we are being shorted.

Someone's taking the p*ss here to keep the SP down. I stand by my posts earlier.

What would be massively helpful would be if the company came out and delivered some positive newsflow and tried to support its shareholders whilst under such pressure.

Sentiment can't just be manufactured. It can be helped, but it needs catalysts and share prices need momentum. That is especially true now, during the covid era.

The business does need to build on investor meet and get some positive stuff out there soon. I'd personally like to see this because it would show the mgmt are savvy enough and more importantly have the fight in them to tackle this head on and that they are at least somewhat concerned by the way we are being treated, and more importantly with how their company is being misrepresented.

I'd be furious if I was Fortune. I know it's not his style but if ever there was a time in the last 3 years to start showing a few cards, it is now. So come on Fortune...

And have a look at the vertical integration brand idea I shared on twitter. It's a very rough concept but it shows how a new approach could start to showcase vertical integration.

Some of us do actually do stuff to help, despite taking issue with certain actions!

Important to remember we are currently 1/5 value of Largo. We aren't 1/5 of the company. We are only marginally higher than FAR who don't even produce 10% of what we do.

The AIM market over-exaggerates to create this reaction.

As a demonstration of this which you can check for yourself, plenty of stocks listed on the JSE weren't down yesterday. Bushveld was down more than most which tells you everything you need to know about how this business is being treated from afar.

I suspect part of this perpetual downtrend is an attempt to remove some of the larger retail accounts, and if people don't think things like this happen, I also have a bridge to sell. Clearly moving from an SP of 23p and a V price of $23 to an SP of 12p and a V price of $40 is absurd, regardless of production outlook.

The situation in SA has already started to subside. Lots of clean up operations happening now.

BMN tweeted on April 27th when the SP was 16p and Largo's was over 20, that they were working hard to close the "arbitrage" gap. That gap is now 12p vs 20p and has been followed up with production downgrades and a news vacuum. This is on the back of "we hear you" and "there is something we can do about thr share price". Bushveld have 2 out of 4 processing facilities, outside of China, a licensed Mokopane, Enerox, ATM - all brilliant, but costs have skyrocketed and the SP is still 12p for all that growth.

I think people have a right to feel frustrated without being told they are damaging sentiment and being attacked for it. This is objectively an absolute shocker of a year given we hit 24p in January at a V price of $24. Yes the market sets the price, but it responds to what the company puts out there and on balance, it hasn't been great this year.

Given the obvious acceleration in VRFB adoption, Belco finally happening and the news coming out of SA regaridng self-generation, it is really poor SP performance. It is 100% possible to buy into the strategy and company, yet also to be very disappointed with current the SP. Investor Meet was great and FM should be pleased with that, but look what has followed again - another drop.

When you think about how many high-calibre directors we have, all the one-liners suggesting hope and positive progress, its a remakable level of under-performance. The MGMT simply need to do better. Strategic excellence is not everything. It has to be coupled with actual business performance.

What is criminal is the way the TSX can maturely manage Largo's valuation at £750m Vs the way AIM is on a mission to devalue Bushveld to make out it is worth only 1/5 of them. Personally I am surprised Bushveld just roll over and accept it.

To buy this drop. Crooks

It would make your point better if you juxtaposed all of them with Largo, who are back over 20CAD sp with a MC of £750m.

5x the current and rather embarrassing Bushveld valuation.

https://www.vanadiumprice.com/durban-seeks-to-wean-itself-off-eskom-with-400mw-power-plan/

Note the huge significance of this. This is a municipality starting to procure its own energy supply including 100mw BESS, in SA. This isn't Eskom and it is big.

Next.
Currently Largo are worth £690m, FAR are worth £118m and BMN are worth £150m.

All the CapEx and costs talk omits as usual the reasons why they are happening and what capability the company has at the other side. It's a frustrating mess at the moment and Bushveld have left too much of a vacuum for naysayers to fill, but there is a huge valuation discrepancy here.

You don't value a business based on its absolute figures in a pandemic when it is spending hugely to expand. That is a fools errand and a methodology purely designed to diminish value.

Lastly

Anyone still think Comms are good enough?

And because I know not everyone agrees with me, I will leave it there for now and others are welcome to add their piece. It's quite possibly wasted effort anyway! All the best all. Enjoy the football.

Paul, I have emailed on various occasions on various subjects and replies take weeks and then are pretty general. I gave up emailing them a long time ago. I am sure many people are aware I have posted reams of ideas of things the company could do here and on Twitter and have had a lot of support and some very childish responses too. Also they definitely read LSE and Twitter. 100%. They just choose not to engage - unlike nearly every other company in the world.

A very key point was made earlier. People would be more forgiving if they could see the company was straining every sinew to be the best it can be. I know from many clients in the past that people will always forgive delays if you are open, honest and can obviously demonstrate you are going over and above in their interests. Does anyone genuinely feel like that at the moment? That the business is doing everything it can to deliver for you and that your interests are front and centre. Does anyone actually know what Mikhail is currently doing? He isn't building BelCo brick by brick himself that's for sure. Running a business is hard and I get that, but equally you are answerable to investors and shareholders. Why did they not answer any retail questions in the recent call when they took questions through a submission box.

The AGM is coming up. One thing that could be done is to ask for consideration to be given to a director of communications. You could barely hear Fortune at the analyst call which made it seem very amateurish. And he sounded nervous and fumbled his words a bit because guess what, they don't teach presentation skills when you are an actuary. Why would having someone who was amazing at delivery and had a real desire to communicate, to market the company and manage the brand be a bad thing? Mikhail would be excellent if he actually wanted to speak to shareholders, but seemingly he is kept in a cellar for 90% of the time.

There is far too much opacity and most of it seems unnecessary - like it's some fetish Fortune has to never tell anyone anything. That's a strategy that worked when the company was an explorer but is just frustrating when it is maturing and the SP is going nowhere. It is time he personally blossomed into the dynamic, engaging CEO this company needs. Strategy is not all his role involves. If he isn't good at something, get someone who is to help him.

Anyway on a side note - it's coming home. (Apparently.

Anyway BoD, when you do read this, perhaps give this some thought. We aren't mushrooms, we deserve some effort on our behalf because at the moment, the only ones who seems to be winning are the BoD, despite the fact that our money is building this company.

Thank you John. I am not trying to fall out with anyone. I just write from the perspective of someone who built a business from scratch, that paid dividends from year two, every year and then sold it in year 8. And they are just my own views. I fully accept that no one has to agree with me and that I risk many retorts simply by posting them. I would also like to be very clear that I fully back the VRFB play here. If anything I just wish more were made of it and the company made more effort to use it to attract shareholders and build the outward persona of the company. Eg - Mikhail as a great speaker (Fortune is definitely not one) being more of a face of his part of the business.

1st post should end 'our nomad, not a troll.'

The company need come out fighting and start to deliver for shareholders. Some people may love making no money from their investments here, but the company do have a responsibility to those invested.

I believe hugely in the potential of Bushveld, but my goodness it is time to start seeing them actually realising some value here. Real value that translates into gains for shareholders.

Agree or not. We are all entitled to an opinion.

£2 party. The delusional madness on here never ends. If this is what Telegram is like...

The SP is just over 13p, around a paltry 25% of all time highs, after disappointing results following a period where the company managed to achieve zero SP accretion for vanadium prices nearly doubling. If someone had proposed that scenario after the 'under-promise,over-deliver' comments in January, they would have been hounded off the board. As investors we have yet to see any tangible benefit to our investments from Vanchem, Mokopane, IES, Enerox and so on. Arguably we would have a higher SP just for getting Vametco running properly and doing nothing else until it was. We certainly wouldn't be looking at costs as high as we are, more dilution and having taken on more debt/CLN's in a pandemic.

I honestly think the SP could hit single figures and people would still be defending this poor performance. The lack of scrutiny and acceptance of how this business is actually performing is bizarre. For clarity I am not saying that single figures on the cards - conversely this may prove a very good entry for new investors (it's that terrible an SP for existing ones).

The reality that no one seems to accept is that this company has a big rebuilding job on its hands. Look around at sentiment, where are the II's, hoards of new investors at 13p? Timelines have been pushed back, targets are lowered, we are even more dependent on the vanadium price staying firm than ever before and still the Comms are like something out of 1998. Opaque, lacking in enthusiasm and barely using any of the tools a digitally enabled 2021 can offer a business.

And still people think it's all just fine and nothing should be improved or challenged - although I note some have changed their line to messaging like 'not everything has been perfect'.

Management have not run the assets well - even Fortune admits that is what they still have to prove. Literally the basics - telling the market what they will dig up and doing it. Pandemic or not, every production target has been missed and instead of organically growing, we are stretched thin with higher costs than our competitors.

The VRFB story is literally the differential that makes people want to invest here and the company is barely talking about it, let alone trying to attract investors with it. No one seems to even bother to ask why Comms are so bad, why we never hear from Mikhail, why they are making no effort whatsoever to build investor sentiment or the SP, to protect people's investments, to buy shares themselves and despite the fact investments are eroding and eroding, everything is still taken at face value with no questions asked. Is a buy out coming, does this help JSE based investors? Who benefits from this stagnation.

John Meyer expressed the situation perfectly when he said that 'Bushveld COULD be the Tesla of VRFB', but also that he could 'understand why investors would be fed up of this.' Our nomad, not a

It's like having a stalker.

As someone who bought in in 2017, I have to say it is time that this cohort moved on from discussing how much people from that era are up. It's anathema to new investors and is almost entirely disconnected from what the opportunity is for investors now.

People then bought into Fortune and an Iron play and beyond that, as I did, into the possibility of Vametco landing and what that would bring.

This business in 2021 is about a vertically integrated vanadium platform. That is what investors in the last 3 years have bought into and it it is that which should be the context for assessing success in investments with Bushveld going forward. Everyone can do their victory laps for getting in early,but in reality this is an entirely different business and one that is due delivering some returns for people who have bought into it because of what it is and has done since Vametco.

There is a major confluence ahead in every aspect of the company. Big jumps in V price coming, technicals, fundamentals, VRFB, strategy and narrative are all reaching a huge tipping point, not seen since 2018. If Justin Waite was in, he'd be selling about now, just as things get really interesting.

https://twitter.com/Sanch3z599/status/1408357382103744512?s=20

Calamari, honestly if you were not such an ar5e with it and acted with some awareness of others investments I actually might because you were right on that. I am more than happy to acknowledge that. It's a shame you are already positioning your lines for VRFB adoption issues when the price overheats but that's how you roll hey.

When the annual results come out, they mark the end of a two year period of being unprofitable. There has been no benefit to shareholders yet from Vanchem, Mokopane getting a license, expanding Vametco, rising vanadium prices, Enerox, IES investments or even our ATM shareholding, beyond expanding our NAV, which as a metric really is arbitrary on AIM given the wild fluctuations in SP we see. 0 shareholder returns from all of the above. At this point, it is what it is. You can spin it whatever way you want, but thats an unarguable fact.

After the results land we face what has been a very long time coming - blue skies of growing profitability, expanding production, Eskom, Enerox progress, BelCo actually being built, the effects of new SA generation thresholds being raised and so on. It would be absolutely impossible to justify keeping this share down at that point and whoever is trying will be on a hiding to nothing. They might even try for a bit but the scales are tipping quickly against them.

Bushveld won't be releasing much if any news till that happens next week. Imo we are at the bitter end of this period. After the results come out it really is all there for the taking and given that shareholders have literally paid for and carried all of the weight for the expansion, Bushveld management have a reponsibility, after a two year downtrend (with a paltry recovery to todays SP) to put some effort into realising that into returns for shareholders and showing the wider investment community they are on a mission to deliver, that this is good place to invest and rebuild sentiment, momentum and the buzz around this co.

Strategically all these things coming together presents what ND would term the perfect storm and it really is the perfect chance for the BoD to finally deliver some good times here. This year has always been about H2, - well now we are nearly there and its very nearly time we will start to see that weighting and progress come to fruition. As I say, I think it pretty much all hinges on getting the results out of the way, then there is absolutely no excuse for not seeing a serious re-rate. We should be 35p on V production at current levels. We should also see uplift for everything associated with the progress made around VRFB. The only curve balls for me are the JSE listing, and how the company sees its value upon launch, if it indeed happens, and the continued sale of the Vanchem shares (And general AIM BS).

I don't imagine a single person thought if V prices hit $43-45 after all of the work to build out the business, that we would be at 15p, the one good thing is that the downside is neglible and shares are cheap. Most people are very painfully aware that this company is lightyears ahead of the one that hit 50p in 2018. It's definitely time that progress converted into shareholder value again. All the elements are in place for that to happen.

Rough overlay here for anyone interested in seeing a stark visual of the current disparity.

https://twitter.com/Sanch3z599/status/1405801752444669952?s=20

How you post is of course up to you. I don't like hyperbole because when you are spending money on a business it's the information and opinions that matters. That's just me. Other people love it, I'd not worry about what anyone else thinks I were you. Clearly you don't anyway! Bambi won in the end.

There is no disagreement from me except that SA will naturally use a mix of technologies, not just VRFB and renewables. Just how it goes.