Member Info for Alfacomp

But knuttie if instead of buying the car outright she leased and then bought BMN shares instead she could buy the car outright at the end of the contact, and have cash left over.

Mrremmy - this looks really quite possible but please lets not tell everyone

Endion et al - the BBC and all the journos know next to nothing about technology. Who wants to come in on a new project to try and change that ? If you wish to contribute time and effort please email me at editorial @ thebushveldperspective.con

For someone worth supposedly 80 billion 15 million is nothing, just the cost of doing business.

I don't know but it is maybe possible - depends on a long term deal with UET I would expect

Mrremmy - indeed. This was evident to both Fortune and Mikhail from the start.

The Vanadium price cannot wag the steel dog.

The majority of Vanadium supply comes as a by-product of only certain steel plants. These are generally the dirtier and least costs effects plants that use Vanadium-Titanium-Magnetite (VTM) ores as their input. If the price of steel falls these are the first ones to stop producing. As a result even less vanadium gets made and its price rises.

This is essentially why Evraz Highveld closed in 2016. As a result both the Mapochs mine and Vanchem Vanadium plant closed, taking something like 11,000 tonnes of Vanadium out of world supply ( https://im-mining.com/2017/09/08/vanadium-mapochs-mine-sale/ )

6 months ago was 600 USD /Tonne, currently is 510 USD/Tonne ( https://www.lme.com/en-GB/Metals/Ferrous/Steel-Rebar#tabIndex=2 )

Amount of Vanadium in Chinese Grade 3 rebar = 0.03% ( http://www.bushveldminerals.com/wp-content/uploads/2018/02/Chinese-Rebar-Statement-February-20188336.pdf )

Amount of Vanadium in 1 tonne of Grade 3 rebar = 0.3 Kg

Cost of Vanadium in 1 tonne of Grade 3 rebar = 30 USD

Clearly there is nothing stopping the rebar market from charging 600 USD per tonne, as that was what was happening only 6 months ago. If people are only charging 510 USD at present it is because there is too much grade 3 rebar knocking around.

If you don't like having to pay 30 USD for your Vanadium, then you have a simple choice of 1) Don't put any Vanadium in and make standard steel, which is worth significantly less 2) Stop making steel because you are evidently not competitive enough.

Option 3) going to the board and asking for tens of millions of dollars so you can change the specification of your entire rolling mill and use an element for strengthening that is a) not permitted for use in rebar (at least in china) and b) has even more monopolistic supply is no option at all.

The steel market has no option but to pay for the Vanadium that it needs. It is in this bind because for too long it was able to rely upon Vanadium made as by-product from dirty steel sl-a-g processing in China. High Vanadium prices now are simply a reflection of that reliance that they have had for too long - supply and demand works for o-level economics but is not relevant when i) it takes 5 years to build new primary Vanadium supply and ii) the majority of Vanadium is actually still made as a by-product of a steel plants that do not care how much they can get for the tiny amount of vanadium they makes if it cannot make steel competitively.

CG - I think you could say he has the charisma that steve jobs thought he had

Yes, and scandium

According to http://www.energyfuels.com/investors/presentation/ the La Sal project has a resource of 1.327 million tonnes at 0.88% grade.

This equates to contained Vanadium of 12,000 tonnes , sounds like a lot on a press release, eh ?

But remember this is approximately 1% of the size of Vametco, and perhaps only 0.25% of the size of Vametco, Brits and Mokopane combined.

Whilst there is perhaps a place for artisanal mining in some low wage economies it perhaps doesn't make much sense in a place like the US, unless of course it is Trumps plan to use his misguided isolationism to make it a low wage economy. Perhaps if they introduce tariffs of 300% on all Vanadium imports then they can make it possible for one small Vanadium plant in Utah to be 'competitive' - trouble is that if they were stupid enough to do that then they won't be able to build any new buildings for a while because they won't be able to afford the steel. Doh, fail !

Musk's trouble, as some have pointed out here, was that he started to believe his own hype - that you could build a vacuum tube 1000 km long and fire people along it at hundreds of kilometres an hour without killing them. Alas this is in not just an individual problem - it systemically plagues much of american thinking on the subject of Vanadium.

Updated for the end of the day. 900,000 more buys than sells (on the trade log reported so far.)

https://www.thebushveldperspective.com/trading-analysis-28th-sept-2018

YTSS - yes a change to Niobium would require non -trivial changes to the steel plant - this is because Niobium strengthens steel in a completely different way. You need to make very elongated crystal grains with Niobium which means that the rolling mill need to be able to reduce the cross sectional area by at least 50% on each rolling pass - this is very heavy rolling and needless to say requires a lot higher force on the rollers.

it is all explained here:- https://www.thebushveldperspective.com/blog/public-blog-1/post/vanitec-4th-energy-storage-meeting-part-1-274

I suspect that this might be another one of those 400K+ buys, like we saw yesterday. This would appear to be someone loading up with a share holding under the covers and someone else, who may or may not be aware of what is going on, being taken for a ride for their 250Ks at a price of only 30p.

knuttie - the first one - I think there is definitely a buy before that - you don't have 250K shares just chucked into the market and then the price to buy shares increase from 30.075 to 30.25p without any reason.

Again asymmetric disclosure of trades designed to misdirect the market. On a completely flat day like today I don't think that they could get away with the usual excuse of volatility bla bla we have to do this etc .

This is a market misled.

Who knows how much they are hiding from us at the present - I find the periods immediately before the two delayed sells (240K at 09:21 and 250K at 10:30) unseemingly quiet - nothing in 13 minutes before the first and not a single trade in the 15 minutes before the second. This does not look right to me.

the 30p is what is shown as the mid point because the auction at 9am yielded a 30p trade - as neither Bid or Ask has since changed this is what is still shown as the 'Share Price' on this platform.

Updated for lunchtime perusal :-

https://www.thebushveldperspective.com/trading-analysis-28th-sept-2018

I too struggled to see how they came up with the number 41 - should we care if we think that IC is so far behind the curve as to not matter anyway. I stopped reading it 4 years ago when I got bored with their whole using complicated words to make themselves sound informed approach. To be honest my profits have increased by 750% since then so I think it was a step in the right direction.

hmmm I guess I could block access to TBP from certain parts of london - would that be fair though ?