Member Info for SickOfTheRatRace

@alto1 you are welcome to your own opinion, here's mine.

The lowest price over the last year was 18.75p which lasted one day. Many commentators would say this was whilst V prices were pushed to their lowest level over that time therefore affecting the share price of BMN as the market expected a collapse in revenues. I think that the results from the company tell another story and whilst revenues have of course fallen during that period they have not fallen by the levels expected by some as the company also has great control over costs.

It would appear that 18.75p was the floor price so expecting 14-16p in 90 days is very unlikely in a period where V prices have been improving. Clearly BMN has been stuck in a range around 20p for a period of time. However V prices have increased, therefore those same commentators should now be expecting an increase in the BMN share price, as do I and no doubt the vast majority here.

A part cash part share offer is also possible.

*cheerful !

Three blue days, there's a reason to be cheeful.

Long may it continue, first stop Peel at 45p.

Freetrade

@Bumblingfool the key takeaway for Bushveld is the 2GW of energy storage procurement by 2030.

Indeed others are more technically versed than you or I in terms of more fine detail, but if you haven't seen it already I would highly recommend the recent interview with Fortune: http://www.miningweekly.com/article/bushveld-sees-battery-storage-potential-beyond-evs-2020-02-17/rep_id:3650

It contains a condensed well paced plan for how Bushveld can meet that need. One key point from the interview is that the electrolyte plant will initially service 200Mwh of electrolyte with the potential to scale that by four times.

Big news indeed Tyfoon, it unlocks the shackles at Vametco and allows a much larger mini-grid (now a midi-grid?) to be installed to cover more of the plant requirements. Deploying a larger scale project at their own facility will certainly open doors as at last they will have something demonstrable for new prospects. Nothing like physical proof you can actually achieve a large scale deployment to allay any potential customer doubt.

Hope so! Two blue days in a row can only be a positive. Let's hope for a third tomorrow.

As I said on twitter earlier today (before the previous thread) the reiteration of 45p by Peel still substantially undervalues the company and the progress it has made.

Also is there any evidence that 60938 is currently allocated to Bushveld and part of their works?

Could it be the impingement into 60936 is a side effect from 60938 construction to give plant machinery somewhere to park during that phase?

Alfa there is no misrepresentation here. The bottom left corner of zone 1a, the area designated in the tender document is green on the current satellite imagery. I am sorry you cannot accept that. The tender appears un-awarded at this time and construction of the plant has not started.

Far from "copy and pasting" I pasted the exact links I had open in my browser this morning. Believe it or not, makes no difference.

I honestly believe you need to take a step back from BMN as it clearly has you wound up extremely tight that you see conspiracy where there really isn't any. After all you are supposed to be on a family holiday yet are spending it here - take a break and relax.

Wow and now you have blocked me on twitter also Alfa. I thought you were a bigger man than that. Clearly you see conspiracy where none exists.

I guess I can look forward to starting to have my posts reported here as well then now I am out of favour.

Anyway as I hold no grudges, best of luck with your investments in future.

You can also keep an eye on the official ELIDZ map here: https://www.elidz.co.za/the-elidz-from-above/

The square in question is the bottom left of Zone 1A.

Bushveld doesn't currently show as a tenant on the site but no doubt will later this year.

@alfa thanks for the links so that people can view and make their own mind up. To be honest I have little recollection a discussion in December but this is how I found the site today if anyone wants to follow the same path:

Download the tender document here: https://www.bushveldenergy.com/tenders/
Page 13 says "The project is located at site 60936, East London Industrial Development Zone".

I checked the map here: https://www.nda.agric.za/doaDev/sideMenu/fisheries/03_areasofwork/Aquaculture/AquacultureInvestmentPolicyDialogue/ELIDZ%20Sites.pdf

Then used this site to view various satellite images of the location: https://eos.com/landviewer

You have to register to view the closest images but it is a good site for keeping an eye on progress. You can draw a square of interest then save it for later use. You can view up to 10 images per day. Some images aren't very clear, taken low resolution, at night, with lots of cloud etc but each image is previewed on the right side of the screen. When you click on an image (as soon as you click it uses one of your daily credits) it is then overlaid on the map (it may take a couple of minutes for this).

Well I believe my comment was that not a brick had been laid. Despite claims to the contrary that appears to be correct. There is no deliberate misrepresentation of any facts here - the plant is not currently under construction. Anyone can view the images and decide for themselves.

As for being "booted" out of a twitter group I guess you have to ask loudspeaker who decided to block me rather than engage in debate. The actions of one have unfortunately cut me off from the avenue of private discussion with the group so now I can only comment here. I have my suspicions as to the true reason behind it but it is what it is.

"duplicitous actor" is a strange comment to make to be honest. I have long championed BMN and will continue to do so as I feel appropriate. I will also continue to raise anything I feel is pertinent to my own investment which remains ongoing.

That's the one in Zone 1A, strange that an image taken on February 11th by Sentinel-2 L2A shows that green.

There is some work next door in 60938 but the tender location looks very green to me.

Are you sure you are looking in the right place Alfa, the ELIDZ map cross referenced with the tender location says otherwise.

I would be happy to post a picture here but unfortunately that isn't supported. The other avenue to post a picture has been cut off to me.

Yes a good find!

What will be even better is evidence that the plant construction has begun. Tender closed 10th December and the current satellite imagery of the site (11th February) shows the location is still greenfield. Hopefully confirmation of tender award and construction soon.

No point relying on Google Earth by the way, latest image of the site is 2018.

60 tonnes at $16,600 less costs of $15,000 is $96,000 a month so the economics are not particularly good until the other minerals are factored in, plus the refinery margin needs to be deducted from the spot price. No mention in the update of whether they have started processing these but as the Tantalite has been long signposted I would hope that circuit is in place at least.

Agree Worzel7, there is no getting away from the fact that they are behind where they wanted to be but they have identified the issue and are taking the necessary steps to address it. The good news is that the issue is caused primarily by the material itself rather than something under their own control and they can fix it.

"lithium-ion" and "exploded" in the same article. Joking aside how long will it be until there is a disaster at one of these large deployments? The case for VRFB for this kind of project is clear.