Member Info for Sanchez599

Exactly. It's a red herring in terms of shareholder value. I think however you can forgive investors for discussing it, it was after all BMN that positioned it.

Is that definitely correct Razor?

There is no way we will be going for an Alt-x listing. That would be a step backwards and would not do anything for raising our profile. The only thing that is going to achieve that is a main market listing. Fortune isn't about to drag us backwards into another minor listing.

I do agree it is somewhat odd to have been talking about a primary JSE listing for so long, given the criteria and our current inability to meet it.

Hopefully our non-finance related news drought will be over soon. Q3 surely has to land this week or we are talking December, which isn't exactly timely. September 7th was the last RNS that contained news that wasn't about raising money or standard stuff. Given the proliferation of news on VRFB, it is pretty remarkable.

Which makes our IES investment look rather excellent and our own MCap look inordinately embarrassing in one fell swoop.

Some great pics of the 50mw system going in at the Energy Superhub Oxford project. Hopefully this will be the first of many.

https://twitter.com/Sanch3z599/status/1329777431956365314?s=20

Joint bid with Tesla....

It's Friday...

Campagnolo, if we are worrying about getting invoices paid for winning the tender, I don't think we have too much to worry about.

Sorry one more note on that post -

For me the personally the ultimate inflection point in this companies future will come when we demonstrate excellent profitability at low vanadium prices because of our vertically integrated hedging model and role / investments in furthering the proliferation of VRFB.

At that point the SP - if it has not already due to how bleeding obvious it is that it is coming - must finally diverge from loosely following the path of vanadium prices because our hedged business model is literally designed to achieve a profitable business that is no longer dependent upon those same prices.

The question is how long can the market pretend not to see what is happening.

As Alfa mentions, electrolyte is sold at a premium to the vanadium it contains as it is.

Your point about V prices is important because it captures a huge misconception about this business and you have represented the difficulty it causes perfectly.

Bushveld Energy has at least 6 ways to monetise the rise of VRFB. Success for BMN certainly does not just come down to the price of vanadium. It comes down to how Bushveld actually monetise that full value chain of VRFB and use it to hedge against low vanadium prices and maintain profitability across the group. This profitability at high and low prices has always been how Fortune has presented VRFB as a benefit to the company finances and the key is now seeing it come to fruition. To date the vanadium price has been the only way we really make money beyond increasing asset values and the hedging strategy has not yet hit the bottom line. That is not the case going forwards. Investors really need to cement that idea in their minds.

Calling for higher vanadium prices is not where our future lies

Miagi, you clearly don't do irony.

That seems very unlikely to be the reason to me.

Hi Colt, how could that rationale tie into the vote against the two directors which seems to have triggered the sells.

If it's just a conversion into cash, it seems like a pretty poor way of doing it, both in terms of relations with Bushveld and actually realising value.

FYI - Here is the governments own list of currently agreed trade deals. Count them and read who they are with. It's impressive stuff.

https://www.gov.uk/guidance/uk-trade-agreements-with-non-eu-countries

You can certainly see a convergence of the selling ending and the VRFB newsflow starting, ahead. And that is exciting.

Sorry, Knuttie, I wasnt inferring you had departed, I was just referencing the fact it would be nice to see your bullishness and support back and fully justified.

I personally hope Matt asks FM about YD and GS and we get a straight answer.

Whether we like it or not, AIM is sentiment driven and large sells have had a disproportionate effect on both the SP and sentiment and as shareholders, we should have more information as to what is happening and why.

I feel for people that are frustrated at the moment. It's tough because we all support and believe in the business and have watched progress being made again and again, but we have also watched the SP fall relentlessly from 50p to 12 p, and that creates quite an emotive paradox. It is simply a fact that you would have been better selling or trading Bushveld for the last two years, and that has to change.

I am hopeful that 2021 and Eskom will be a turning point for us. And not only that, that the business gets back on the front foot with its own story, delivering it in such a way as to attract new money into the shareholder register, and not just looking for a quick trade. That requires a persistent newsflow, it requires contracts to start hitting the bottom line and for enquiries to become projects. It requires openness and transparency and it requires humility, to acknowledge the difficulties of the last two years for shareholders.

It has been a long two years and it finally feels like that period is nearing its end. It is now down to the BoD to absolutely leverage the newsflow that is coming. Personally I look forward to a time where we see people like Knuttie back and full of confidence, and singing the praises of the company, with all of our faith being rewarded, particularly those who bought at higher share prices. Nov 2017 seems a very long time ago now and we cannot rest on those laurels any more. Fortune was so proud to describe his £500m business. It's time it got back to that level. Lord knows the scale of what we have deserves it.

Great post Alfa, and no better testament to that behaviour than the fact we are at 12p now but managed to bounce to the heady heights of 17p, during the actual South African lockdown when V prices were lower and we were stockpiling...

During lockdown which according to our SP was when business was nearly 50% better than now.

If that doesn't show the SP is completely divorced from reality, nothing does.

Absurd.

For clarity, I doubt very much that you are a genuine investor Capagnolo. However it was a good excuse to actually share some factual information about ELIDZ.

Jonny, it's important bad actors are called out. Why should misinformation remain unchecked? That's how America ended up where it is currently.

Not sure why that thread was taken down but it's useful for new investors to know why we are building the electrolyte plant at ELIDZ.

Some of the benefits include:

- VAT and customs relief within a Customs-Controlled Area
- Employment tax incentive
- Reduced corporate income tax rate
- Other pharmaceutical, energy and waste processing firms
- Proximity to port for worldwide shipping
- Participation in helping support SA development of industrial zones
- Service infrastructure
- Suitability of location for chemical processing / gaining Environmental approvals

On the point about AIM and it's appropriateness, ask whether or not the day-trading mentality and huge peaks and troughs that infects all but the biggest listed companies is truly aligned to a business focused on developing long term shareholders.

It works for most of the companies you listed because the typical AIM investor can understand they wear clothes and drink fizzy water. There is also not enough cash in AIM and too much unrealistic interconnectivity between shares - look at how Avacta dropping caused us to drop. Simply because some tried to day trade between the two.

In reality those businesses have absolutely no relationship whatsoever so should have no impact. That move ended up killing a rise we were in the midst of. The way businesses are valued on AIM is a joke. Providing all of the fundamental info BMN do is a nonsense when one aggressive seller can destroy the overall value for hundreds of others.

I also see we have had our SP expectations kindly managed down from 47p by one of our own shareholders this morning... I mean really?

What part of building the world's first fully vertically integrated, multi-asset, multi-location vanadium business in 3 years, timed perfectly for the rise of VRFB, do you specifically think warrants their replacement, Bob?

“...Carney said the transition to net zero is creating the greatest commercial opportunity of our age. Total investments required to enable a transition in the energy sector will be $3.5 trillion a year...”

https://www.bloomberg.com/amp/news/articles/2020-11-09/carney-calls-net-zero-ambition-greatest-commercial-opportunity

I think Mark Carney should quit with the blind ramping and discuss a few negatives. Who does he think he is?

1% up and opportunist selling to try and suppress even that.

Not bothered about the SP, what I am bothered about is how unsuitable this day traders market is for a company focused on attracting long term holders.

The biggest news we could possibly receive at present is that we are finally doing something about this.

For anyone interested AIM had 10 IPO's last year. It had 260 on average per year in the mid 2000's.

The sooner we leave this decaying hell hole, the better. It has probably cost us dilution and has gifted ridiculous entry points for substantial amounts of new shares.

There is no point delivering brilliant news if the market is incapable of acknowledging it.