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Faramog, I don't think we flicked any dominoes over yet. More a case of standing them up. I stand on my opinion. JSE falls............
I actually think the message has been received, whether or not action is taken we will see.
GLA
blow em out the water tomorrow Pdub! :)
Moretti calls...
well BG ... not heard FM say "not the most straight forward story ... over time hope people 'get it" before ... clearly frustrated.
Its the little things I think Faramog. Someone commented yesterday about tweeting developments like ground clearance or building work starting for BE. We are a business that is transitioning, has a complex story to tell etc, little bits of info keeping the progress in the public eye would do wonders I feel, along with BE pipeline info, after all Infinity can put this in an RNS today so why cant we FFS!!?? The big picture is covered, we know the plan, it sounds great but we need the colour, the subtlety and nuance that bring the story alive and makes it real NOW not just in the future. Does this make sense? I think that would make the story much more alive to the markets and help with the SP situation and manipulation.
we flicked the domino over at the end of last year as well DBB... and the year before !!!
oh yes .. any number of variables... but most of the cost will be local, energy & labour costs ... just making an observation.
Poor FM does seem a bit fed up with the SP questions.... I am sure he gets it !
Depends on how much of there cost base they pay in rand Faramog, for example shipping to US port might be included in these costs? If so could be in dollars.
The more I listen to Fortune the more relaxed I feel about my investment. He definitely has a plan for the SP which I believe starts with the JSE, the way he mentioned the South African side "understanding the business" and then "dividends" . Like bassguy said we are waiting for Numptys first domino which I believe will be flicked over at the end of the year and I'm quite happy to wait with maybe a few grumbles on the way.
GLA
Sharesahoy ... that is usually the case (not always in some industries).... I just observe that the cost base has been going down, but so has the Rand (and since they quote cost base in $, there is a conversion.
In the last 2 years the Rand has devalued by 25% to the USD... but the cost base gas gone down only around 9% . So is it getting more expensive relatively to produce a KG of Vanadium ?
No danger of an immediate reversal as FM said they expect further Rand devaluation ...
That's correct Production increase's bring down costs, and the Rand v Dollar exchange rate makes it a double whammy
@faramog, I was under the belief that the higher the production output, the lower the cost? Please correct me if I'm wrong.
Faramog yes and with regards to taking of aim he did mention other UK markets so all that huff about soley moving to JSE is bull.
Some interesting points.. cost base down 19.1, 18.1, 17.5 at Vametco but is that really just the weakening Rand ?
Had not realised the Vanchem cost base is lower (range of $16.3-$17.3)
As for recognition, not heard FM say this before: "not the most straight forward story ... over time hope people 'get it'
". As for AIM .. 'keep reviewing' .... same old same old
Dividends .. future.. but hopefully soon !!!
And also not heard the articulation of a Vanadium price band that works for production and VFRB as $40-$50
2 dull questions for Anglo Pacific ... they a whole load for FM ....