Member Info for Alfacomp

Bass guy - warrant holders are not share holder investors like you and I - they did not come here after weeks of intensive research. As others have described they often got the warrants as a freebie - last time atlas exercised their warrants the so was exactly where it is now - so maybe they are satisfied with just making 100% profit on zero risked cash

The HMRC don't of course know about everyone's CGT which is why you have to be honest when you fill out your tax return. If you are dishonest and are caught you may go to prison - remember lester piggott.

Sotrr - if a market maker knows that warrants are coming - eg if the warrant holder has asked them to presell them then there seems no reason why they could not sell what they don't have yet and the only issue of time would be perhaps how long they are prepared to keep their short open or the time limit on delivering the shares they sold (20 days I think)

Tyfoon the latter of both of those pairs was actually duplicated precisely and have therefore been counted (once) towards a warrants block pre-sell as explained in my trading analysis yesterday

The precise matching of the duplicates tends to suggest a price transfer agreement between MMs which seems slightly uncapitalist but perhaps there is some kind of you scratch my back I'll scratch yours type of thing that goes on. Perhaps this is not across the board and some Inter MM trades are priced on some kind of spread albeit less than what us punters get.

Tyfoon - can I ask why - if a duplicate you mean not per se the same time and price but a corresponding part of some kind of rollover, at slightly different time and price ?

what was I saying in yesterday's trading analysis ? ( https://www.thebushveldperspective.com/trading-analysis-18th-sept-2018 )

" Thus today we have seen a total of 1.6M shares transferred into the market via this mechanism (plus potentially more if there are further corresponding trade duplicates yet to be reported.) "

What did we just see ? - a delayed report of a sell duplicate at 09:28:11 which now brings yesterday's total to 1.85M

I will add him to the troll list if not already on it

@LS - indeed it just goes to prove how much the world needs our commodity - when the potential interruption to supply of just a single mine can spark a 20% increase in commodity price.

Back on the subject of V2O5 and FeV - the difference in pricing systems means (KgV vs Kg(V2O5) ) means you need to be careful when comparing plants such as Largo and Glencore which report in Kg(V2O5) and those such as our which report in KgV.

Largo: 9600 Kg (V2O5) = 5376 KgV
Glencore: 9545 Kg (V2O5) = 5345 KgV
BMN Vametco: 3000 KgV

Thus on production capacity alone BMN Vametco is 56% of Largo.

I note that yesterday Largo's SP reached 3.05 CAD which gives a fully diluted Market cap of 1.592 Billion USD ( 1.21B GBP )

This yields a simple valuation of Vametco of 675M GBP - i.e. BMN share price of 60.8p

Loudspeaker - what do you think the chance of Vanadium reaching 100 USD/KgV next week are ?

Note for those new to this area KgV means per Kilogramme of contained Vanadium, and is the terminology used when talking about alloys like FeV which can contain variable amounts (eg 50-80% typically) Vanadium. V2O5 being a specific crystalline compound is always 56% by weight Vanadium so can be price per Kg (i.e per Kg of V2O5).

eg see :- https://www.thebushveldperspective.com/vanadium-prices

Sanchez - indeed today's trading is one of the most interesting I've seen - clear evidence that the MMs read this board and are now tapping the warrant pre-sells to try and close a short position that one of them had allowed to develop.

in case anyone missed it:-

https://www.thebushveldperspective.com/trading-analysis-18th-sept-2018

as requested, and just completed:-

https://www.thebushveldperspective.com/trading-analysis-18th-sept-2018

Jamiejojo et al - would people be interested in this ? It's been a long day here for me and I'm on the road with only my laptop so data analysis is a lot harder on a small screen.

The usual quantum applies - 20 recommendations and I will stay up all night if necessary.

There's a lot of 250K trades today - I won't be able to analyse them all until later but all the latest ones look like buys - these seem to be offset by 300K sells which are paired - so something seems to be unwinding quite nicely at present.

So what china doesn't export Vanadium to the US any more, China is now a nett importer of the stuff from places like South Africa. Doh another great result for the idiot in the Tower.

Sanchez - indeed - for those who may be unfamiliar with what happened with the Erongo overhang it is all laid out here (one of our most read articles):-

https://www.thebushveldperspective.com/blog/public-blog-1/post/the-end-of-erongo-260

Expert - I suspect it is half of one and 50% of the other. If a warrant block has already been dipped into then the MM will no doubt know what the warrant holder will expect in terms of price - at the start though the warrant holder may not have revealed this information the MMs and would need to be tracked down by them.

Certainly seems like it.

If you are not one of the 200 or so people who have read this, the Bushveld Perspective's 300th article on the subject of Bushveld Minerals, now is perhaps a good time to do so:-

https://www.thebushveldperspective.com/blog/public-blog-1/post/trading-analysis-17th-sept-2018-300

Nick - they are chugging through the warrants no doubt now.