Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Re: AH/Coffeecups post,
Why would anyone who's a (rich?) and cunning share sleuth make themselves out to be a tit, in order to fool everyone into thinking he's a tit. Doesn't make any sense to me. I think probably he's more bell-end than high-end.
You can tell when a deramper is losing patience when they resort to petty insults - good to see it. Alfred - the harder you try to deramp the more bullish I am on this stock, we all know how it works. Nice try at the ‘I’m a real everyday investor here’ guise - but on this BB even the best are called out.
This is so ridiculous it's not even up for debate. Have we achieved the selling price at all times? Yes.
Have we ever paid tarrifs? No.
Has the US government changed its policies? No.
End of.
I agree with you on this occasion Pdub, I get the impression alfredh is simply a troll disguising himself as a genuine investor keen for discussion.
You raise an interesting point Coffeecups and of course it is possible that is a conscious strategy of his.
However I think on this occasion you are crediting him with too much strategic skill. More likely he has raised a perceived negative (for whatever reason) and gone at it like a dog with a bone. He completed some good digging but made some incorrect assumptions. These have been pointed out and he didn’t like that.
End of the day I think his “concerns” about Duties on imports of BMN products are unfounded as they relate to FeV whereas BMN products sent to the US appear to be largely Nitrovan which is not subject to them.
If Alfred has benefitted in some way by learning more about BMN that’s fine with me as that is also the case for anyone else who may be interested. I only care about the accuracy of information posted on this bb. That includes my own posts and why I am happy to be corrected on facts etc.
Just my opinion.
Mark,
It works that way for Alfred as well, it's a clever system he uses, it is why he uses it.
1.Look up company website, do the most basic level of research work, throw in some numbers pointed towards the research that you want to know about to chase out anything you have missed / can't be bothered to look up and waste hours on.
2.Post on social media type boards something contentious.
3.Sit back and see what is fired back.
4.Add to notes with anything of value to aid investment / de investment.
Just to follow up on my post this morning I have found a number of FeV producers in the US so they have a domestic industry to protect. That may explain the imposition of additional import duties on that product. South Africa is not listed as a significant supplier of FeV to the US.
I have not found evidence of any significant Vanadium Nitride production in the US. As there is not a significant domestic industry to protect then they have not imposed the types of tariffs and duties that Alfred spoke about on Nitrovan.
Fortunately it is Nitrovan that BMN largely supplies to the US, it’s largest market.
I think this subject is now well and truly put to bed. And the lesson for Alfred might be that a little bit of knowledge can be a dangerous thing. Do proper research before flagging up issues. Then other readers will not be misled, whether accidentally or deliberately.
Just my opinion
That's what I like about this forum, when an Alfredh comes along there's always plenty of contributors with useful info about BMN's market/ operations to put him/her right. The more info there is about Bushveld, the better it is for everyone, except trolls of course.
I thought we had already established that alfredh is our cycling troll of multiple identities, aka Capa. Why, therefore are we not reporting and filtering?
It's an insult Alfred, an insult. Americans don't express equations with a comma, that's the Europeans. So many basic grammatical mistakes, I can't take anymore. You can't even be bothered to do a decent job with the trolling, insult. If anyone should give things no further thought, it's you. Alfredh, Alfred Hopeless.
Alfredh distraction technique doesn’t work with me. Been at this game too long to fall for that.
You have been causing some concern about duties into US using FeV as your weapon.
I have challenged you by pointing out that the bulk of what BMN exports to the US is Nitrovan (basically Vanadium Nitride) which is a completely different product to FeV.
I have simply invited you to provide ANY evidence that these duties you talk of apply to Nitrovan.
I am sure everyone bored enough to be reading this conversation will have noted you total failure to answer the question, ie you have no evidence.
I am very happy to note your attention paid to my opinions rather than answering the question. It tells me all I need to know.
Until you provide evidence relating to Nitrovan I think we can assume that it is not affected by the duties you speak of.
I am very happy to be proven wrong on this subject if you have the evidence. This is not a point of principle, merely one of accuracy.
Facts suggest that BMN is now making a very healthy profit on every kg of Nitrovan shipped to the US and due the 1 to 2 month lag in receipts is likely to be doing so for several months to come. That should make every GENUINE investor in BMN very happy.
Now unless you have evidence regarding Nitrovan may I politely suggest you stop wasting everyone’s time with this thread.
If you are desperate to keep attacking either myself or my opinions please feel free to do so. Bit of a pointless waste of your time but I do quite enjoy the attention.
Just my opinion.
Didn’t you only buy shares in April, why are you complaining now. You watched a lot of that drop and put in orders a couple of times.
Either you believe in the company or you don’t but sounds a bit fishy your smelly chat.
You have been "supporting" BMN all the way down from 40p to 9p disseminating the same old story all the time: BMN is undervalued, undervalued, undervalued. BMN managment is not to blame, not to blame, not to blame. Guidance missed, so what, undervalued! Output way short of capacity, so fookin undervalued! You sound like the proverbial broken record. BMN stock is down almost on a daily basis for 6 weeks in a row now. Someting is wrong with your story.
At the start of February, before Russia inflicted war on Ukraina, the EU FeV price was $39,25. Shortly after the war had begun it peaked at $62,75 (up 60%) and then fell to $39,75 today, almost exactly to where it came from.
BMN stock started February at 9.34p. Shortly after the war had begun it peaked at 15p intraday (up 60%) and then fell to 9,08p today, almost exactly to where it came from.
But never mind! Keep pointing out how great the US FeV price is holding up. I bet that will be of great relief to those watching their money disappear day by day.
Keep up Alfred. I posted this on Wednesday:
“ 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.”
What is your point?
Most product from BMN to US I believe is Nitrovan, not FeV.
You have not presented ANY evidence that suggests these taxes apply to Nitrovan. So once again what is your point, other than trying to spread unsubstantiated concerns.
Not sure what the discussion on containers is all about but deliveries to Baltimore are in 20ft containers and over the past year the maximum load as been 20,000Kg net. The average of 134 containers over the past 12 months is 19062Kg net.
I have the container Reg numbers logged but can't be rrrsd to go into that.
Hope that helps someone calculate how much profit their £100 of shares might make.
Vanchem does produce FeV, no doubt about it. The website clearly states:
Vanchem processing:
Step 1: Crushing, milling and magnetic separation to produce a magnetite concentrate with average grades of approximately 1.65% V2O5 in-magnetite;
Step 2: Salt-roasting of concentrate. The concentrate is roasted with sodium salts in a kiln at ~1,150°C to form a water-soluble sodium vanadate material;
Step 3: Leaching and purification, involving dissolution of roasted vanadium concentrate in water, purification and precipitation of vanadium through the addition of ammonium sulphate, followed by drying and then processing in a reducing environment to produce an ammonium metavanadate (“AMV”) product;
Step 4: The AMV is de-ammoniated and melted to produce vanadium pentoxide flakes – a primary product. The AMV is also used in other processes to produce a spectrum of vanadium chemicals; and
Step 5: vanadium pentoxide is reduced by aluminium in the aluminothermic process in the presence of iron to produce ferrovanadium – a primary product.
The deliveries at question are Nitrovan deliveries. Whether or not the antidumping duties apply/applied to Nitrovan, as of now is unclear to me.
The International Trade Administration lists current AD/CVD proceedings
https://www.trade.gov/data-visualization/adcvd-proceedings
Select Country South Africa, Product all, Commodity Other metals and other articles of metal
Status is "Current Order", next Sunset initiation: 2025. Why would they list it as "Current Order" when it is not in effect? I think it might be POSSIBLE (I don't say it is the case) that antidumping duties override broader regulations like AGOA. Unlike others I want to be certain what the situation actually is like. I will not go with the most convenient possibility just because I'D like it to be the correct one.
20 inch container eh? Big enough for my Dinky trucks.
Elliot, customs documents explicitly mention delivery occurred in 20" containers. Usually the material is packed in 1t bags and 20 of these bags fit into a 20" container. They are not 100% full, thus ~19t deliveries.
@elliot846: All good points and you are correct that it matters little to the overall costs to the market. To steady the nerves of those now worrying about the introduction of demmurage, in the 5 years that I have been following them I have not found a single demurrage charge levied against a Nitrovan container.
Sit back everyone and enjoy the ride, VRFB is the real news.
I think the most relevant point in the “debate” today is what does BMN ship to the US.
I believe the trade logs indicate that it is mostly Nitrovan, NOT FeV.
Unless evidence is presented here to the contrary whether or not duties are charged on FeV is irrelevant. I have asked the poster who raised this issue to present any evidence that Nitrovan has these duties attached to it. So far no response.
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.
So without evidence relating to Nitrovan imports to the US the debate is not of great concern to BMN shareholders.
Just my opinion.
Guys lol.
There are too many unknowns. One known is that citing container freight prices, ain’t the way to go. It’s dry bulk, likely shipped in a Panamax size vessel. There are so many factors, if the bulk/cargo is FOB, (Free on board), there’s demurrage to consider, what the tax on the ship and what did the ship owner receive from the seller/buyer as a brokered deal. Point is if it is FOB then the price paid at port post demurrage etc will be the price represented in the market alongside other variables that’ make a market and contribute to world indices.
Let’s all relax, this is a winner. But dipping into the finer points of shipping won’t get us there faster.
Happy days I hope.
Agree - filtered on a very select list. Offers squat diddly.
Don't give the troll air that is what he wants you must know that, pointless.
Alfredh - how long have you been invested in BMN ?
Alfred Hamerlinck. You are deramping.
Your prime as a cyclist has been long gone? Between 1927 and 1933. what are you still doing here?