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Still moving north.
http://www.asianmetal.com/VanadiumPrice/Vanadium.html
knuttie, pdub et al - alas we don't know the full story - there is of course the possibility that FM has told John Meyer and SP Angel to go slow on upgrades or even to delay them until there is clear positive news to hang them on - the argument being that it is better for the company to deliver consistent SP growth in line with apparent broker targets rather than exhibiting extreme divergences between broker target and SP valuation.
At the crossover between an explorer and producer evidently one goes from being valued on what one has in the ground to being valued on the money coming in the front door. Normally this process takes a good few years - in BMNs case we are in the fortunate position of having done this ultra-quickly via the acquisition of Vametco which leaves the normal City boys, let alone Google finance or Stockopedia struggling to keep up.
The purpose of the TBP analysts watch ( https://www.thebushveldperspective.com/blog/public-blog-1/post/analyst-watch-232 ) is not to kick-off the regular debate about whether John Meyer knows what he is talking about or not it is simply to lay out the facts on Analyst's targets and assumptions so that people can make up their own minds. Evidently people come to different conclusions about this and having stated them again here perhaps we can all move on to more interesting and ultimately conclusive discussions.
PDub I have always respected your input but on the topic of John Meyer, sorry my friend you have rose tinted spectacles.Previous posts say it all , he has upgraded based on vanadium at $50 per kg falling back to $35, absolute tosh. He is damaging our progress pure & simple. conservative my a**e.
Sorry I should add that in my opinion The Bushveld Perspective is also a very important part of BMN PR.
Many thanks to alfacomp.
Goblesmythe he most certainly is not our enemy. Think on that!
I again disagree with you. In a manner of speaking we are paying him to be our friend. That's good enough for me.
Another recent quote by Mr Meyer on 11.04.18:
"And BMN is extremely well placed with an electrolyte plant planned and with their own battery technology being produced. They are producing a battery for ESKOM at present. They are part way through construction of that battery and they hope that it will be completed I think at the end of this quarter. That is exciting stuff."
Who else in the City is promoting BMN in the media like Mr Meyer does? I'm not aware of anyone.
Given that BMN have an approach to PR that is not always supportive of the sp we depend on friends like Mr Meyer and this bb to get that positive message out there.
I most certainly don't think MrMeyer gets it right all the time and I expect a higher sp and vanadium price than he is forecasting. However that is only my opinion and certainly does not justify his credibility being undermined on this bb.
He's paid by us, he's not our friend.
Here are some quotes by Mr Meyer from last year that make it very clear that he is a conservative analyst and expects there to be plenty of upside to his figures!!!!!!
"JM in interview on 20.04.17:
"And we constructed a series of forecasts on the company and what this business would do. We think in fact there's every indication that they will exceed our numbers by some margin ..."
JM in interview on 31.05.17
"I expect earnings from Bushveld to truly exceed forecasts and, I think, exceed most people's expectations."
JM in interview on 17.08.17:
"The price in Europe is two times what it was and I was looking at the numbers last night going well this doesn't make any sense. So what we've done is take a very cautious approach to this in our modelling. We've just assumed this doubling of the price lasts just a few months and then we go back down to more normal levels. That has taken our valuation to 14p a share for the company. They are currently 9.5p so lots of upside. In fact I think there's lots more upside than we are reflecting in our valuation. We're being pretty careful with it. We assume the SA Rand stays relatively strong where it is now. We assume they do increase production but we don't assume any benefits to operational costs so I think there's lots of room for additional upside. I think it's a very good prospect for investors to get into."
Clearly acknowledges the possible upside beyond their cautious forecast."
Good for you,I hav'nt forgotten you're all night stands defending this share, lets agree to disagree on this matter.
Repeat post:
"The repeated criticisms on this bb by a few posters of John Meyer, Partner and Mining Analyst at SP Angel, are in my opinion neither rational nor fair.
They are not rational because John Meyer has consistently supported Bushveld Minerals at every opportunity in the media. No other analyst is doing that as far as I am aware. Perhaps I am a little old fashioned in this respect but it makes no sense whatsoever to turn on our friends and allies. Trump may think that is ok but I certainly don't.
They are not fair firstly because John Meyer has made it very clear on a number of occasions that his Vanadium price assumptions are very conservative with plenty of potential upside. Second because as of today the current forecast of around 25p has not yet been achieved as a closing price (I think) so remains valid as a target / forecast.
Third ARC have a forecast of 19.8p which has been significantly exceeded from late April through May yet they are not criticised at all when clearly the SP Angel forecast has been more accurate, at least in the short term. (All target numbers taken from TBP)
I don't take much notice of broker forecasts but I do read this bb and so do many potential investors. Attempts to undermine the credibility of our friend John Meyer do not seem to be in our best interests. I look forward to the next John Meyer interview on BMN. Was it not he who dropped a hint as to BMN's interest in Sojitz?
All the above is just my opinion. Clearly other opinions are available!"
Goblesmythe I haven't ticked up those two posts because I consider them highly divisive on the bb. And those two characters know it so deliberately provocative.
Shame. This bb used to be such a high standard. Good luck to you goblesmythe if you think that is the way forward. On that I must strongly disagree with you.
I've ticked up the last two posts but won't post anything, because it might be deemed as a negative by some posters.
Loudspeaker I couldn’t have put it better
One of the favourite's for next years Edinburgh joke festival is John Meyers FeV price forcast for 2018 of $50 per kg..
Anyone who has anaylised the history and price drivers of Vanadium on a daily basis over the last 4 years and who has emailed spangles with their research of the world's vanadium experts, Perles, Friedland etc. and received replies will know what a pompous Oaf he is and that spangles are just another bucket shop city broker
But I suppose his clients are very happy with them (he made them 100% profit in just a few weeks with the last placing) and that's all that really matters in the incestuous square mile.
Anyone got a link to follow the live vanadium price?
@Loudspeaker yes when all of this comes together it’s going to be quite a show. I read about so many potential start up junior miners reveling and rejoicing in the current V205 pricing environment, and what it means for their future schemes. But it’s a discussion about a price environment of now influencing a world of the future, of which there is no true guarantee. But for BMN it is a now that is all about now. Thus for every pound I would deem worthwhile investing in said start ups, I would have to be investing at least 10x that in BMN, because at this valuation and those prices, those fundamentals, there is currently no comparison, no percentage play that says to me the return is worth the added risk. For all of their SA positioning, this perceived risk is drowned by the fundamental environment that Vanadium and BMN find themselves in. By knowing and understanding that one can readily conclude that BMN is going to see a considerable increase in value, because it’s simply got a powerhouse of pricing activity backing up the multiple development front it is pursuing, and like I say it will be quite a show to see.
Oh dear. Logged on and looking forward to reading positives about BMN but what I find is the same old negative nonsense about John Meyer. It is a pointless discussion that has been done to death and adds nothing to the investment case for BMN. Surely those raising this yet again can find find something more positive to discuss than this devisive topic?
I wonder if they're secretly short BMN......
(^_^)
V205 and FeV prices in China, US, and Europe have all now surpassed the previous highs of last year.
There are currently more environmental inspections being carried out in the Chinese industrial cities, the new rebar regulations kick in November along with the Annual winter heating restrictions.
V205 is being reported as extremely scarce, is tha VRFB take up of it starting to influence this?
And don't forget the favour he did for us with that discounted placement.
If I was John Meyer I would be at the local stationers this morning buying tippex.
Vanadium prices: we are raising our vanadium price assumptions for 2018 to
US$50/kg from US$45/kg and to US$35/kg from US$30/kg thereafter.
Gaffe of the year.
If I was John Meyer I would be at the local stationers this morning buying tippex.
Vanadium prices: we are raising our vanadium price assumptions for 2018 to
US$50/kg from US$45/kg and to US$35/kg from US$30/kg thereafter.
Gaffe of the year.
MTB - thanks https://www.thebushveldperspective.com/blog/public-blog-1/post/analyst-watch-232 is now completely up to date
It works for me
http://research.spangel.co.uk/_act/link.php?mId=AO9422667498894203858429966483926&tId=897388185
Morning Alfa, there's a link to it on VoxMarkets BMN page but it's marked as "content visible to Professional Users" which I am not.