The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good .... what would it take ....
Arguably the range of Costs are around $26.5-28
A BMN attributable production out of 5,000mtv of 75% of that (half of Vanchem will ultimately be SPR's) gives circa 3,750mtv
An av sale range of $40-$45 gives a margin range of $45m-$70m
A PE range of 6-10 (historically low in mining) gives a target price range of 8.0p - 20.5p (less when you take any other/royalty costs off)
As Craig said in a previous IM, at $40+ the company literally prints money
So yes... so long as there is enough cashflow to keep going until Vanadium pricing rises substantially again ... every change of 14p and more
Hey folks, hope everyone is behaving themselves! :-)
I've not been paying attention to this share for some time and obviously disappointed with the SP. So just a quick question, what are the odds of getting back to 14p (break even for me) and any timeline?
Again, totally out of the loop on this and holding/hoping.
Cheers
@cat1 .. no .... V price
Type? Lithium, VFRB, Sodium or Fe
Https://constructionreviewonline.com/construction-news/south-africa/red-sands-africas-largest-standalone-battery-energy-storage-system-coming-to-south-africa/#:~:text=The%20Red%20Sands%20project%20will%20be%20built%20on,capabilities%20of%20the%20project%E2%80%99s%20batteries%20can%20be%20utilized.
https://www.cnbcafrica.com/2024/uk-funds-africas-largest-battery-storage-system-in-south-africa/
V1per I sold out in my ISA recently, still have a holding in my pension
wa ʿalaykumu s-salam *****essential luton chat ⛔️
Not ramming anything just a polite welcome from your neck of the woods
Grisly I see enough of that in everyday life in the UK without having it rammed down my throat on here ffs.
When did you sell razor?
Well Goatman 49K is better than nothing, I'm giving CC a few RNSs to restore my confidence. I've kept a small holding here after making sizeable losses. I've posted on some other shares recently, just OCTP, PHE and MIRI, maybe I'll see some of you guys there if you have any interest. I'm sure one of these days I might pick a winner. Here's hoping anyway
Just looked at the most recent set of accounts at Companies House. Fixed assets almost 100% depreciation which would imply a lack of investment in the business in recent times. Modest profit in the year just 49k. Hope BMN works out for you fella.
Lindon,
Take off the last 3 letters of my avatar and Google ...... - don't want to get criticised for non BMN 'stuff'.
sammy - I did !!!
GLA
Happy Birthday MIKINAMAN, I have an educational interest in —- and was wondering if you happen to have any type of involvement with students from Trafalgar School - which I think is in your local area? Apologies and no probs if that’s not the case.
Happy birthday 🎂 enjoy 👍🍻
That's 'cos it's my birthday today !!!!!
GLA
Noise !
Blue
It’s been a roller coaster first Q but we are through it! Whilst we hope for a better V price we can’t control that so looking at costs needs to be urgent.
I don’t think the finance uncertainty is over and it would be a big plus to resolve that
Thanks @HC .. cash operating costs up 16% year on year ... and it is the 'excluding royalties' that also raised an eyebrow !
I think the US price is about $28/kgV currently so for BMN and its premium products that would be around $30/kgV.
from last week - largo sells roughly a third of its output to europe and a third to the us
'nearly every speaker at largo’s fourth quarter and full year 2023 financial results conference call talked about the challenges the company faces because of low vanadium prices.
in response to a question about how close largo is to marginal costs given that v2o5 prices are $5-6 per lb, ernest cleave, largo’s chief financial officer said that largo’s 2024 v2o5 cash cost guidance of $4.50-5.50 per lb means “at current prices we’re seeing of $5.90 on the market, we will not be making cash at those levels. but it’s very hard for us to forecast where things go.”
primary production represents about 20% of global supply, according to paul vollant, largo’s chief commercial officer. primary producers are losing money at current prices, vollant said.
“the other type of production, either from steel **** or what we call secondary sources from, oil and gas manufacturing, it is indirect cost, which is very difficult to have clarity on. but yes, we’re seeing the oil industry struggling at the moment,” vollant commented.
declining vanadium prices had a significant impact on largo, resulting in a 7% drop in fourth-quarter revenues to $44.2-million compared to q4 2022 and a 13% dip in 2023 revenues to $198.7-million compared to 2022. revenues per pound sold in 2023 fell to $8.66 compared to $9.38 in 2022.
the european v2o5 price fell 22% in the fourth quarter and 31% year-over-year, with the most recent price hitting $5.90 per lb, cleave said.
largo’s cash operating costs excluding royalties were $5.30 per lb for 2023 compared to $4.57 in 2022. several production problems and an accident resulting in a death plagued the company last year.'
Really .. not seen the USA pricing and that is where most is sold. The company sells practically nothing in Asia which is being flooded with Cheap Russian Vanadium
Need the vanadium prices to rise to save this but they just keep going down
What have you been up to C.C.? Are we treading water, sinking or swimming?
SP needs some good news soon otherwise the consistent selling will drag this under a penny eventually.