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Asianmetal .... Vanadium prices up in China and Europe.
Surely even the mist pessimistic amongst us must be encouraged by the upward trend in the Vanadium price? It can only be a matter of time before increasing profit margins at BMN are translated into rising share price.
http://www.asianmetal.com/VanadiumPrice/Vanadium.html
Hopefully see a reversal today or tomorrow
From other board, some looking to further their investment in BMN this week, so hopeful.
I think the key is roll on 2/3 months of these continued price rises is our share price realistically going to be where it is now when profits will be in their millions?
BBN suggested the the V price could reach $60 this year. I honestly believe that based on future production, the share price could be north of £2 with this V price.
Don’t know how long this will take to reach fair value, but we have some savvy investors predicting good things. Onwards and upwards.
Shall we try and get to 20p first and then actually holding there!!
If prices continue to rise then I can see this getting back to 30-40p range, towards end of year. When are they going to unleash BE though? That is why we are here, to see the real re-rate.
@SMT1
I never actually said that V prices could reach $60 per kg this year. I merely used that pricing as an example of potential profitability.
What I am focused on are the trend and significant pricing point breaches. That doesn't guarantee anything but right now things are looking very positive.
That makes sense.You can see how certain people are making things up.For those of us who have been with BMN a while we know this is going to take some time.
Are you RK in disguise!!
Even at $60 (which let’s be honest is a finger in the air), SP would not move to anywhere near £2.
Based on recent broker notes and at current guidance, a move up to $60 could potentially drag the SP north into the range 50p - 60p.
Sorry for that BBN, but I am getting very excited about my investment. Also, the V price rose about $50 in a month in the last spike.
The last update and posts I'm reading here today prove to me, that for the time being, Bushveld is unfortunately more tied to the Vanadium price than ever before.
I sincerely hope that the energy side being reported separately means there are developments coming in that area. GLA.
That's only true James if you're talking about sustainable share price. If the price of V continues to rally traders will jump on this like they did in 2018 and a spike to about a pound a share is more than possible. At that point no one cares about 'fair value', they buy if the hot stock that keeps rising and rising. Sure I'm not talking about a long term sustainable share price of £1+ anytime in 2021 but for all of us holders down here at these levels we may well get the chance to sell at ridiculous profits before buying back in after things cool off for a long term hold.
The Vanadium price rise looks like a strong trend upwards.
Some of us may remember a Q1 Update RNS on 14 May. A lot of negative nonsense was written on this bb about that RNS, but whatever your impression of it don’t forget the factual content. This paragraph in particular:
“In Q1 2021 the London Metal Bulletin ("LMB") Ferrovanadium price averaged US$30.9/kgV (Q1 2020: US$26.5/kgV). The current market price for LMB Ferrovanadium is approximately US$32/kgV.”
So at time of publication the V price was $32. Today, just a few days later, and Gambit quotes a source as giving the Europe v price as $ 33.75.
Market analysts seem to expect this trend to continue.
So .... do you wait to buy BMN shares until the price rises filling v price rises .... or do you get in early, ahead of the crowd, and hopefully get a greater return? Your decision!
All just my opinion based upon the evidence. Not advice.
HarChris - let’s keep thing real. No way this will reach a pound if V is around $60. When we briefly touched 50p late 2018, V prices were around $130 (production obviously lower and Rand weaker).
Cool your jets :-) Let’s get to 20p first - we had to suffer all the RK £2 by Christmas nonsense back then.
I am talking about a rapidly rising V (more than $60 like in 2018) and with it the share price getting well ahead of itself. I like to have money in companies whose share price has the potential to ignite. I am not saying that the business with V at $60+ is worth £1.2b, obviously.
Chris - ok but the thread was specifically talking about V price of $60!
Anyway, we don’t want to get ahead of ourselves, but as someone posted earlier it demonstrates how the SP is massively correlated to V price.
Right, off to work, have a good day- cheers!
Correction of typo
“So .... do you wait to buy BMN shares until the share price has risen following v price rises .... or do you get in early, ahead of the crowd, and hopefully get a greater return? Your decision!”
China has already given guidance on the V price , if it moves outside of those numbers China burns stone coal to supply more V and substitutes the V out of its steel production to control the price.
China has already given guidance on the V price , if it moves outside of those numbers China burns stone coal to supply more V and substitutes the V out of its steel production to control the price.
Roskill:
“We expect that prices will remain low in Q1 ? possibly increasing moderately if there is some restocking interest ? gain momentum in Q2 and accelerate in H2 2021,”
Whats the production costs for stone coal CC and when is it profitable?
Roskill:
“We expect that prices will remain low in Q1 ? possibly increasing moderately if there is some restocking interest ? gain momentum in Q2 and accelerate in H2 2021,”
I remember reading that there was some sort of constraint on Stone coal at the moment but can't exactly recall where and the details perhaps someone else can add?