Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Adding on to my last post alfa, you have said much I agree with here in your post mentioning buffett and the fact this is undervalued. Investing with a “margin of safety” makes it not that risky in reality.
Not sure that the smart people particularly work for hedge funds. Well, not if you consider performance as a measure of 'smartness' as hedge funds have been under performing the market for years.
Thanks Sanchez. Yes, that was my thoughts with the Q2 update - given that the numbers we are basing our investments are already comfortably in the public domain, we're not seeing anywhere approaching a fair market valuation yet. Look forward to September changing all that.
It doesn't really matter, AIM rules state that our H1 6 monthly financial interims must be published by 30th September.
Then every man and his dog will know that we are making well over 1 million pounds per week profit... Tick. Tock.
H1 interims will be out back end of September. They will contain numbers in black and white and are exactly why most on here are more aimed towards those than the Q2 update. The Q2 update will still need potential investors to use their calculators which as we know is a terrible deterrent to buying shares.
Have Bushveld ever released interim financials? Having black and white profits and EPS reflecting the impact of Vametco production will be what really sets us on our way. Given how slow the market has been to catch up I am not sure that we will have the overwhelming reaction we are expecting from Q2 production updates.
if you want an explanation of this disconnect have a look at this:-
https://simplywall.st/stocks/ca/materials/tsx-lgo/largo-resources-shares
SNOWFLAKE DESCRIPTION
Limited growth with questionable track record.
This is what you get if you invest by numbers. The people who do this will always miss out on the big winners, and to be honest so should they - why should they be rewarded for simply following a formula, there is a reason they are not running hedge funds.
There is a sort of belief out there that 'smart' investors can make money whilst taking minimal risk by being clever with their diversification or stock screening strategy. This is the sort of fantasy that is put about by stockopedia et al.
The simple answer is that you have to be really really smart to beat the market by playing at that game - and all those guys already work for hedge funds.
It is a simpler but less scalable strategy to spot a brilliant company like BMN that has been foolishly underrated by the market. This is the sort of thing that Warren Buffett does, and what we have evidently done. We have taken minimal risk by buying into a company with world class resources and excellent management, if you can survive the nonsense that goes on in AIM whilst you cross the chasm, then companies like this will always turn out to be very unrisky.
With vanadium prices at decade highs, Vametco a cash Elephant and BMN looking to put a dividend structure into place.
The smart play is to accumulate as many shares as possible and not sell them for a 10% profit.
If BMN's Q2 is anything like the Q1 reporting (and, sadly, I expect that it will) then we will get production numbers, MB average price for the quarter and costs. This is enough to roughly work out revenue and EBITDA. I say 'sadly' as the Q3 reporting last year was more comprehensive (including revenue and EBITDA) and I see no reason why this should not be included.
And still the market sleeps quite unbelievable
They are also removing credit facilities they obviously needed during darker days that will have demanded specific financial reporting and oversight that they no longer wish to be saddled with.
kevkan,
They are simplifying the debt and it is now easily supported given the production increases and price rises. It is still, however, debt and will need to be paid down.
YTSS - it will be production numbers not revenues. They will be in H1 interims.
Repaying some debt to the BNDES and banks doesn't change the huge number of warrants they have in play.
Our anticipated Q2 2018 revenue would represent an increase of between approximately 176.6% and 198.9% over Q2 2017, if realized. The increase to revenue is expected to be driven largely by the upward movement in vanadium pentoxide ("V2O5") pricing and increased production when compared to Q2 2017.
Are we likely to see expected revenues next week in operational update or just the number on mtv produced. Largo up 0.5%
All tied up in a tangled web of debt need Nick or a n other to sort that lot for me
Yep it bodes very well for our update. Eye-wateringly high numbers. Phase 3 can't happen quickly enough!
"The restructuring of our debts along with the most recent posted price range of V2O5 for the week ended July 13, 2018 of US$18.90/lb V2O5 to US$19.85/lb V2O5 (as reported by the European Metal Bulletin)".
Wow. I haven't seen figures for V2O5 quite that high yet. Pushing $20/lb.