SP Angel expect 17.8% increases in #Vanadium prices in Europe over the next month.
That takes the price to around $42/KG FeV - 20% ABOVE their 2021 estimate of $35 used to determine #BMN SP forecast of 31p. Q: What happens next to 19.5p SP?
https://t.co/yaNVLCxE0Y
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“We have entered the new financial year on a positive footing with secured funding, higher production for the year, and a rising vanadium price," says Fortune Mojapelo, CEO of Bushveld Minerals https://t.co/GOPC7KPK2G #BMN#Bushveldvanadium#Bushveldenergy#vanadium#mining#VRFB
#BMN
Have Orion got it wrong?
$65m recently pumped in to expand production. Eskom BESS $400m+ tender winners due from Monday on!
BMN on home turf have been working in those deals for literally years.
But mms have been walking the SP down for 3 weeks.
So who's going to be right!?
Interested to get a feel for #BMN investors outlook for next 12 mths. The company faces a quite remarkable context of Eskom tenders, Belco launch, global pandemic and green recovery.
Feel free to vote and share your view.
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There's good/great investments and then there are what I call the alpha investments.
These are the sleeping giants, that come along very rarely and tend to consume my attention when they do.
I have been fortunate enough to have found 2 such alphas, AVCT and #BMN
#BMN a year of building. Tempered by the SP, but so well set up for the years ahead.
Vanchem✅
Mokopane MR ✅
VIP platform active ✅
Electrolyte planning perm. ✅
Brits resource est.✅
YD earnout ✅
VRFB leasing ✅
Enerox / Avalon commenced ✅
Eskom positioning ✅
New hires ✅
#BMN. #Vanchem is a simply brilliant acquisition that unlocks so much - #Mokopane, #electrolyte, product diversity, scaling production & geography. I remain as confident as ever in @BushveldMin_Ltd journey and the exceptional business being built. Such amazing progress in 3 yrs
#BushveldMinerals announces all conditions for Vanchem purchase have been met and the purchase price has been negotiated down from $68m USD to $53.5m USD! Another stellar negotiation by Fortune Mojapelo. Full completion of the deal now expected by 7th November. #BMN
#BMN Revised broker target 90p. Which represents a significant upside to where we are today. AGM today will vote to allow a share buyback. Good luck shorters: you're playing chicken with an articulated lorry loaded with 10,000 tonnes of vanadium.
The most important thing for #bmn investors right now is patience.
12 months from now we will be witnessing a completely different business altogether.
The noise will dissipate soon enough.
Absolutely. Bravo to all of the team at @BushveldMin_Ltd
You have played a blinder. There have been challenges, and moments of sheer joy on this epic journey we are all on, but now what a set of numbers to be able to announce to the world.
#Vanadium#VRFB