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Alfredh what nonsense you are posting. This is unbelievable.
The company did revise its target for Vametco … last year. They have done exactly the right thing. You can argue the toss over capacity but what the market wants to know is how much production are they targeting and at what cost.
They stated target volumes and targeted reduced costs. I am sure you are pleased that they are consistently achieving thus sustainable production volume.
LB, you provided helpful info. I acknowledged that and said thank you. I also said some doubt remains as it is still unclear wether antidumping rules override broader rules which remains unclear to me as of now. But that has not been the topic of today's postings. I'm fed up with the never-ending attempts to sugar-coat a dire situation. Bushveld's output continues to run short of capacity. What I have seen are excuses in abundance and attempts to faith-heal the situation. That won't help for sure!
Why doesn't the company come clean and admit that Vametco can produce no more than 3100mtVpa? What's the point in overstating its capacity at 3750mtV? Over-promising produces nothing but frustration and disappointment. Posters who endlessly attempt to faith-heal the situation really get me going.
Alfred,
I rarely check in here and when I have recently I have spent valuable time rebuffing your comments with constructive arguments backed up by research but having checked in again tonight crickey you do really like to spout nonsense.
Do you not have anything better to do with your time?
Alfred what a strange statement from you:
“ The conversation goes a long way explaining how some can be happy with the reported numbers as it has become obvious they don't understand what's being reported. LOL”
It seems to me that it is you struggling to understand the difference between a plant’s maximum capacity and what would be a sustainable production level.
Sensibly BMN BoD and I hope most shareholders understand that a sustainable production target that doesn’t lead to straining the system and constant breakdowns is the desirable and correct course for management to take. Exactly what BMN management have done.
And having set those sustainable targets I am sure most genuine holders are pleased that they are achieving them, particularly now that V prices are at profitable levels, particularly in the US.
Just my opinion.
Alfred I’d like to think you are not stupid but when you say “ Yeah, just go on denying the fact that Vanchem sells FeV,” I really do have to wonder.
I quote from two of my previous posts:
20 May @ 18.31
“Same poster said Vanchem produces FeV. Yes it does, and V2O5 and other specialist products, but BMN also ship to other markets, including Europe and Asia.”
18 May @ 23.06
“Same poster said Vanchem produces FeV. Yes it does, and V2O5 and other specialist products, but BMN also ship to other markets, including Europe and Asia.”
Now those posts clearly state that Vanchem produces FeV but that BMN also SELLS in other markets. I have not denied Vanchem FeV is sold. Good grief. Please try to understand the posts that you read.
Paludina publishes the trade logs from US Authorities that not only give the import quantities in each BMN shipment to the US but also the product. That product is mostly NITROVAN.
I hope you are capable of understanding what I have said. Vanchem FeV is of course sold but more likely to be shipped to Europe or China. Get it?
YOU are the one that raised the issue of Duties on FeV into USA, but much of what BMN ship to the US is Nitrovan which is not subject to those same duties. You misled the market in my opinion and you should apologise.
Just my opinion.
Alfred won't give up till he's picked off a few waverers this week. Know's no shame, he's possibly in politics?
"Vametco not at full capacity. Of course it isn’t and likely very rarely ever was."
Wow! Just a short while ago I was told Vametco production actually BEAT capacity. LOL Listen up, Ben!
Yeah, just go on denying the fact that Vanchem sells FeV, I'm fine with that. But that's just another attempt to distract from the task at hand, i.e. Vametco's production shortfall vs. its own capacity announcement. The conversation goes a long way explaining how some can be happy with the reported numbers as it has become obvious they don't understand what's being reported. LOL
Oops... Kiln3 :)
What is the update on Kiln 4 commissioning? RNS said May, so would expect to hear something!
J
Oh good grief Alfred I am surprised you dare show your face here after your complete mess regarding duties on BMN products to the US. You didn’t know that duties you claimed against FeV don’t apply to Nitrovan, and worse still you didn’t know that Nitrovan is the main product BMN ship to the US. You were corrected by people with superior knowledge and understanding of BMN. you were not big enough to acknowledge your error and to apologise for misleading this bb.
Now you crawl back with your latest decamp … Vametco not at full capacity. Of course it isn’t and likely very rarely ever was.
Vametco is not a new plant and when production issues became apparent the decision was made to shut down and fix the plant. Absolutely correct management decision.
They then had to determine a sustainable level of production, both for themselves and for the market. Those targets set in first half of 2021 have been met in every Quarter since. Exactly what the market needed to hear. And Vanchem has also hit its targets since coming into BMN 100% ownership. Excellent work at both plants.
Now we have Kiln 3 being commissioned that will substantially increase Vanchem / group production and bring down costs.
Only an idiot would think that is not an excellent result.
It is plain to see you are trying every trick in the book to deramp. Hopefully everyone sees through your rather obvious game.
Just my opinion.