The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Preying for a blue bounce to complement the rise !!
GLA
URL: http://www.ferroalloynet.com/price/european_vanadium_products_market_prices_on_13_november_2019.html
Posted: Thu, 14 Nov 2019 01:02:00 GMT [0 days ago]
Keywords: European vanadium products market prices
Channel: European Prices
Tags: VanadiumVanadium PentoxideFerro Vanadium
Summary: Product Spec. Price Unit Change Vanadium pentoxide % min . - . USD/LB V O -- Ferrovanadium - % . - . USD/KgV + .
Product
Spec.
Price
Unit
Change
Vanadium pentoxide 98% min 4.7-5.0 USD/LB V2O5 --
Ferrovanadium 70-80% 22.0-24.0 USD/KgV +2.0
@MIKINIMAN: I think that you have been here long enough to see how the sp reacts on this share.
Now what I think will move it up today, by at least 20% is this.
Overnight I received an E-Mail from a very nice gentleman in Nigeria. He wants to buy out the most promising Vanadium Company in the world but Nigerian Law won't allow him to be the named owner. I think you can guess the rest I will soon be the true owner of the Paludina Bushveld Vanadium Company for only £20,000.
FUNNY HOW HE ONLY WRITES IN UPPER CASE THOUGH.
Paludina, that's why I'm PREYING !!!
GLA
Whisper it quietly, but to my untrained eye I'm seeing a lot more normal buying and selling here this week than the months and months of blatant dumping of 50k/30k sells to push the share price down and keep it there. Volume is very low today so far and the dumping may restart if buying picks up, but at some point it has to stop and perhaps we're at that point. While there are a lot of bad investors/traders/manipulators out there, there are also some very shrewd and good ones and the stream of outstanding news over the past few weeks will have got through to some of them and it won't be long before they start putting there money to work here (on top of all the shrewd PI investors who have already invested here!)
beginerman - I don't know why they picked on this particular level, but it has been clear for many weeks now that the objective of the game has been to get and keep the share at around 21p. They've not wanted below that and have quickly squashed any rise much above that. The sells won't keep coming in the absence of large buying because that will drive the price below where they want it. The question is now whether they have much firepower or willpower left to resist new larger scale buying or whether we're at or close to the point where buyers find they are pushing against a now open door.
Still with these theories about the SP being held for the JSE listing...
The JSE listing has been pushed back. Has this valuation been agreed for all this time. Very very unlikely.
And by unlikely I mean absolutely no chance.
As I said in my original post, I don't know why 21p has been earmarked - either why they want a specific level at all or why it is 21p rather than 25p or 30p or some other number (other than that's where they see most profit in the end). I don't think it is to do with JSE listing as that is too far off and they couldn't plan to hold it for 18 months or so if you assume the 21p plan started early this year. For a while I thought it may be to do with an assumption BMN would need to substantially dilute (their assumption not mine for the sake of clarity!), but even they must be able to see that's not likely now.
@Squirty 21p is 100% profit on the 10p placing
Ophidian
@gkb47 So in your opinion. We are going to be diluted when the jse comes?
Seems a bit harsh of the bod if they did
This has been a long term support level for some timw. Clearly we were shorted off the back of the 28.5p rise because of the endless focus on V prices, acquisitions or not. There was very little support until we reached this long term support level - more than likely because of the obvious selling, (tame, short or otherwise) and a feeling of being unable to turn the tide, until we reached the SP range that has long proven a good entry and support point. This support has arrived against a backdrop of a turning vanadium price and lo and behold we are showing signs of recovery. All juxtaposed with the 100% profit on placing shares Ophidian mentioned.
We don't need conspiracy theories.
There have also been obvious attempts to trigger margin calls on spreadbets around 20-21p. This has happened twice now.
Listening to FM on the proactive pod cast this morning, he said cash flows were healthy even with current V prices when asked about any need for an equity raise and kicked that suggestion into touch. As debt finance would always be the first option.
@gkb47 - just because you missed your entry, there's no need to talk utter Bollux - I know you do it well and regularly but really c'mon a placing. That is so weak. If you're going to de-ramp please - we're so past this entry level bull, you must do better to stay on the team
Ophidian
Referring back to the title of this thread, we must be looking good for more rises in the V price overnight and another good day tomorrow.
Ophidian agree with what you say.
Proper de-ramp boll ocks wrapped in semi-intelligent language to sound like its factual.
I filtered the tw.t long ago
Ophidian's post 35 recommends gkb47 1....just saying......
There's no Placing.... placing....placing... acing....ing…..g