Member Info for TrevorBrooking

A shame $ to £ has weakened by almost 10% this year, this is far more important as sales are made in $ and translated into £ for the accounts, this will more than wipe out any gains from a weakening ZAR. Just my opinion,DYOR

The punt is will Bushveld run out of cash before any potential rise?

For all the supposed increase in demand, US prices, Bushveld's most important market are as follows:

Latest -0.29%

30 days -0.55%

60 days 0.03%

90 days -0.05%

6 months -9.79%

12 months -11.78%

Maybe the cub scouts could release a new range of "I've filtered" badges for Pdub and friends so they can sow them on their arm sleeves, one for each person they've filtered. They could compare their badges with great excitement!

Which electrolyte contracts are you referring to Pdub? None have been announced

Because Pdub and Harchris keep telling them it's all going to be great one day, and people believe them for some bizarre reason!

Interesting that their solid-state battery only uses 1/10th of the vanadium that a VRFB does. Guess it will all come down to price in the end.

"The features of their vanadium solid-state batteries can be highly disruptive to the stationary battery market and potentially the EV market space. According to MK Plus's corporate presentation, their vanadium solid-state battery provides higher desired performance at a lower cost over vanadium redox flow batteries (VRFB) in the large capacity battery market, claiming their battery:

1) Rapidly charges in minutes (C-rate of between 100 and 300 versus C-rate of 20 in VRFB), achieving massive charging speeds 100 times faster.

2) Uses one tenth of the amount of vanadium that VRFB use for an equivalent charge.

3) Has +100,000 deep cycle life without heat dissipation (no fire risk) or degradation (long life)."

Doesn't sound like much vanadium will be required!

https://www.carltonpower.co.uk/battery-storage

"Trafford Low Carbon Energy Park

The project is located on Trafford Low Carbon Energy Park, in a long-time industrial area on the site of an old coal fired power station. Trafford Energy Park is being developed as a multi-stage, multi-faceted energy development to support Greater Manchester’s net zero 2038 target – along with the UK’s net zero 2050 target.

These projects include:

Li-ion Battery Energy Storage

Cryobattery - Liquid Air Energy Storage (LAES)

Green hydrogen production facility

Potential hydrogen fuelled combined cycle gas turbine (CCGT)

Net zero industrial projects"

So what you are saying Harchris is that none of the 10% fall in prices compared to 6 months ago has been recovered yet?

Much has been made of the fact that due to weakening ZAR $ exchange rates, costs are reducing, whilst this is true an eye also needs to be kept on the $ £ exchange rate as this is actually more important. The bulk of sales appear to be priced in $ but for accounting purposes this needs to be converted to £. A strengthening $ against the pound leads to greater £ revenue, but a weakening $ against the £ results in lower sales. Surprised that this hasn't been commented on before, people are only considering the costs.

Benalder, latest forecast for production this year was 4200-4500, not 5200!

All in costs $30? - you're dreaming Harchris - another random figure picked out of air by you!

That may all be very true Harchris but I'm sure that falling V prices are just as damaging for Bushveld!

Tekanalyst - your statement "The marginal price of Vanadium is actually set by the growing sources of demand - which is VRFB applications" makes no sense; if demand for V is increasing then why has the price of V fallen?

The following line of the Largo update:

"During Q2 2023, the average benchmark price per lb of V2O5 in Europe was $8.46, a 24% decrease from the average of $11.08 seen in Q2 2022 following softer spot market demand during the quarter, primarily due to adverse conditions in the Chinese and European steel sectors"

If you're going to tell a story Harchris, don't just select the best bits!

Harchris - "We'll have to see how Q2 went but as long as all on target we'll see a profit for H1 2023 in the range of $7m-$14m pre tax I think."

That is the most ridiculous statement I've seen on this board for a long time! Will be lucky to see break even. Just my opinion though, DYOR (but do it better than Harchris!)

Harchris, I know I'm on your filtered, but for benefit of everyone else it does seem as if you only want to read posts that agree with your point of view, which leads to a very one sided view and seems rather pointless. Surely it is better to hear both positive and negative arguments so you can make informed decisions. But I guess you're in over your head and taking the sticking your fingers in your ears approach and hoping for the best. Good luck! Not the approach I would take but each to their own.

Loudspeaker, I was under the impression that this was a BB to discuss Bushveld, was I wrong? There are enough people trying to draw in new investors with bullish statements here already, shouldn't other views be taken into account, especially when they are based on facts, not conjecture and hopes?

Tek, re your immature statement "Brown trouser time for BS spouting shorters" - please advise what part of my post you consider to be BS as I consider it to be based on facts, not sentiment.

Still no increase in vanadium pricing, 10% down on last year whilst costs are up. Exchange rate that was looking favourable is now pulling back. What's going to come first, price increases or a cash raise? Operational update coming up will give a good indication on production costs, shame it doesn't cover admin, finance costs etc, so we won't get the full picture, we'll have to wait for the interims for those. Nail biting times ahead for shareholders.