Member Info for spbhoy

Bushveld Minerals* (LON:BMN) 37.3p, Mkt Cap £416.8m –Investor site visit to Eskom highlights potential for new growth

Bushveld took a group of investors to see the Eskom test site for new battery storage installations yesterday
Eskom are looking to install some 800MWh of new battery capacity in an initial phase to support renewable energy projects across South Africa and have been testing battery facilities for some years.
The new battery facilities are likely to come from a mixture of lithium-ion and vanadium redox depending on Eskom site requirements, needs of the South African power system and the results of current trials with each type of battery suitable for differing applications, among other factors.
Vanadium Redox batteries are seen as better for larger-scale operation with longer duration and deeper energy discharge.
There is some $200,000 worth of vanadium in the UET battery, the size of a 20 ft shipping container, installed jointly with the Industrial Development Corporation, highlighting the cost component and importance of the vanadium in the battery. Fortunately the proposed ability to lease finance the vanadium should enable the low cost effective rental of vanadium for rolling out new battery facilities.
Eskom plan to run various protocols (trials) for 18-24 months and while they may start to order larger scale vanadium batteries for grid use in the meantime they may also discover further ‘grid’ applications for this type of battery which may increase the amount of vanadium storage they choose to order.
If Eskom sees that it works and starts using it, other utilities and large customers will follow suit, opening up the market for energy storage and vanadium.
Conclusion: Bushveld Energy should have a good future depending on the completion of the trials which have had a good start and have run for 10 days so far.

Correct uksteveg, but dropping over 10% for a 1.5% miss on productivity levels is somewhat overdone . Strong buying opportunity prior to next week in my eyes

Production targets missed by approx 1.5%....SP down by around 10%...go figure. Overdone and being played? or deserved?

As others have said before, another little bit of news, especially BE or Divi and nothing ought to stop us.

Then the usual suspects will disappear elsewhere.

Somewhat odd though that such a volume of sells had less of an impact on the SP than lower selling volume first thing...happy enough with that. Bring on a TR-1

Selling volumes appear to be fairly low and the Bid seems to have been dropped at a 0.5p rate for every couple of sells. Quite incredible to be honest. Seems to be ticking back up slightly as we speak

now 38.1p/38.695

Given the volume that the MMs will take for any sale, (they gave me a quote for 100,000 all the way from 40p down to 37.35p between 08:01 and 08:14) I am hoping that they are behind the price drop and hoping to pick up a few weak sells. Not sure how much volume you could pick up on the Ask as I don't have much in the way of funds left in my trading account (such a pity)

Now 38.85...someone appears to be trying it on. Buying opportunity that I did not expect I suppose.

Getting a buy price of 39.35p...unbelievable

To be quite accurate, the only real negative is that production was around 1.6% lower than forecast...hardly the end of the world, albeit ever so slightly disappointing. Surely not enough to be seen as a negative that can be exploited, especially given the earnings figures.

An update on BE or even a dividend policy announcement in the next 2 days would be nice.

Same old same old. Many seems having little or no effect on SP so we can naturally expect a large delayed sell from around 8am...no doubt showing around 9am.

37.71/38.05 Bid/Ask...Tick Tock

Two more names added to my filter list makes the board far easier to read.

Hopefully everyone else will apply the suggested filters and if our "filtered" chart topper reciprocates by filtering all those who have filter him, then he/she will have np posts to read.

I think you must be smoking some real good stuff it that's what you think we will get to. Fingers crossed but not as hopeful as you.

The only problem is that they do not declare that the original £900,000 debt is now clear, so we can assume that the number may have increased over time and we will now still have a balance to clear. Hopefully not too much.

Looks like we'll be seeing another 25,000 or 50,000 sell being declared. Frustrating doesn't even come close.

Looks like Alfa's analysis last night is spot on. Bid/Ask now 38.375/38.45p...dropping both to try and find a few more sells. Sorry guys, but myself and most others are holding tight for now...thanks very much.

I'm sure Richken would not mind me reposting this summary:

Huge announcements between now and then!

- surprise news that Vametco exceeded 800 mtV in Q4
- new investors confirmed
- a defined timeline for projects in 2019
- early completion date for 5000 mtV
- clear terms of JSE listing
- Great news from Eskom on successful trials with UET battery
- resource confirmation at Vametco with extended LOM
- new electrolyte pilot trials at Vametco underway for work with partner VRFB manufacturer
- Amazing new tie-up deal with UET to produce VRFB in East London next to the new Electrolyte plant under construction

That should do it! I would love to write the RNS's!
Cheers,
RK

If these holdings were only updated today, perhaps we will see a red dot tomorrow with TR1 details

Yeah, sounds like advice to me and disclaimer to say otherwise. Careful