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Uksteveg - no Evraz completely quite SA. Vametco was the last thing they sold. Hope they didn't get hit by the door on the way out.

I like the fact that he says that they used to be a ferrovanadium producer but could not get raw material for production - this refers no doubt to the chinese ban on vanadium sl-a-g that came in at the start of this year.

One of the things that goes on a lot in china is production of nitrovan like V+N compounds - they do this by taking V2O5 and processing it, no doubt in a similar way to how we do it. They do this, just like we do, because V+N is more efficient than plain old FerroVanadium - I have been told by those inside the industry that China already uses a lot of its Vanadium via this route - because they understand Nitrovan V+N style products can save them money. As a result demand in China for Vanadium cannot soften by going from V to V+N, because it's already done that.

(See the Q&A section of https://www.thebushveldperspective.com/blog/public-blog-1/post/vanitec-4th-energy-storage-meeting-part-1-274 )

YTSS and Endion - it is not inconceivable that the courts are involved not to deal with the strike but to rule on the validity of the workers historical agreement with Evraz. Should it turn out that the agreement is valid and Evraz had reneged on it then now doubt BMN would have a much greater justification in withholding on any royalty payments to Evraz.

Done - looks like he only just found out that Twitter has a poll feature. Who even is Vanadium One as I had not heard of them before. Turns out that they have a resource in Canada estimated in 1974, with a grade of 0.23% V2O5 - that's one of the lowest going. Not quite as low as Aura Energy (0.15%) but it at least has the advantage of the V2O5 being in magnetite so potentially easier to concentrate, but really you wonder if it is ever going to get close to happening.

martyboy - we have seen on numerous occasions before that they DO allow such excesses and defiicits to grow over time and simply cycle the SP as is their wont to get the shares back more cheaply than they sold them for. There is a good example here:-

https://www.thebushveldperspective.com/blog/public-blog-1/post/18th-aug-flash-short-week-9-172

Notice how the nett trading excess and the SP move with the same frequency and phase - they sell more to us when the price is high and buy more from us when they have made the price go low.

YTSS - NickD has got it right - they're not getting anywhere by dropping the price, only making the situation worse for themselves, and possibly risking that Atlas will turn around and say, 'no we're not cashing in our warrants just to help you out of your hole'.

Raising the price a little bit is also unlikely to help them because they want to pay lower prices than what they sold the shares for.

If there is strong buying tomorrow then at some point they are going to have to double back on themselves and put the price up a LOT - this way if they can sell a couple of million at say 23-24 p then they have perhaps bought themselves the chance of walking it back down to the 22p level to try and get the 5M or so they will then need. Perhaps then Atlas will ride to their rescue.

Or perhaps not, and the sudden increase in SP will attract in even more new money which instead of leaving at the end of the day sticks around for when the news from the company turns good. If this is the case then the MMs are not going to be able to walk the price down in the afternoon in the confident knowledge that they have day traders who will sell back to them, taking only a few percent of profit.

Now available here:-

https://www.thebushveldperspective.com/trading-analysis-11th-sept-2018

I make it that the MMs are short of c. 2.8M shares in the last week.

SOTRR - no I'm saying that it is not the amount of information that is the issue here.

Having more available will not simply help the company be appreciated for its fundamentals, especially if the new information that is being put out is of the type that is grist to those who's only aim is to generate volatility that they can trade over.

Whilst it may be the AIM rule that anything that might affect the share price has to be published this is a subjective one open to interpretation, especially when truly humungous developments, such as buying 125% more of Vametco when YD was bought out yields effectively zero change in SP level.

An AIM CEO might quite reasonably take the view that such an experience is an experimental determination that the SP behaviour has zero correlation with what the company is actually doing and is instead more reflective of whether there is coordinated trading going on behind the scenes.

There are those that might say - but look the SP changed when there was bad news released on Friday surely that is proof that a strike affects the share price, but equally I bet I could show just as many examples where fundamental news has not affected the share price.

We need to face up to the issue that it may actually be OUR transparency that makes us such an easy group to read and to potentially take advantage of.

well said aisee

SOTRR - that's an interesting angle - that shareholders need to know everything about the company to be able to make informed judgements.

The reality is that those on this board and those who have read the Bushveld Perspective from cover to cover pretty much would have known everything about the company, except perhaps for the precise and perhaps ill-definable nature of the strike. I believe that this group (group A) that have indeed done this are 100% confident about the future prospects for the company and are not phased by the short time vacillations of the share price now evident.

This of course is not the same as knowing precisely what the future holds for the share price, which is entirely dependent upon the behaviour of the least committed and researched shareholders, or those that do not even own shares but simply know where they can borrow them on a short punt. The availability of detailed fundamental information is clearly of no interest to that group (group B) as the information is there and available but they have not bothered to read it, because if they had I believe that they would be in group A not B.

Thus the suggestion that the problem is that there is not enough information clearly does not stack up. There is more than enough information about the company of all sorts to allow a seasoned investor to be able to judge the long term potential of the business.

Knowing who said what to who and who's nose got put out of joint when is a very minor thing which would only be seized upon by those wishing to trade on a purely opportunistic and short term basis. These people are merely spivs which bring nothing to the inherent functionality of capitalism.

Endion, I agree with you

Endion - don't worry I would be the first person to contact Fortune in such a scenario, well possibly second after NickD.

Okay looks like I need to look into the cache settings a bit more deeply should we wish to have /trading-today as a rolling forwarder always pointing to the latest trading analysis.

As mentioned you can go direct with the other link https://www.thebushveldperspective.com/trading-analysis-11th-sept-2018

updated https://www.thebushveldperspective.com/trading-today

let me know if for whatever reason this does not bring up trading for September the 11th as caches may need to be cleared. The permanent link is https://www.thebushveldperspective.com/trading-analysis-11th-sept-2018 if you have any problems

Indeed Daisan it is sometime difficult to unpick the trades, but not generally when there are 3 buys at exactly the same price only 1 second before the 250K delayed trade that just popped up.

I think the story is quite clear - they don't want us to know about big sells as it is just as effective at causing panic is there seems no reason for it, but even more so they don't want us to know about big buys because that might trigger some recovery buying, and what they don't wish to happen is to spark off the same kind of day trading recovery that we saw here last friday.

Yesterday as others pointed out they walked the price down consistently without given traders the chance to get out at any sort of profit - they wish to take that for themselves when the end of the strike is announced. It's really very obvious.

Indeed and that 18.75p trade was from one hour earlier so why then was there no impact on the Bid or Ask then. It's quite clearly a lot of obfuscation at present. Why ? To do over Private Investors of course.

Worth rereading this:-

The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people.

https://www.thebushveldperspective.com/blog/public-blog-1/post/short-story-about-a-hedge-196

Daisan, once you have used the warrants up they are gone for ever for this game. If you can short multiple time before you have to use the warrants up you get multiple goes at getting to screw over shareholders. We went over this all last year.

Daisan, no they try the short and if that fails then they take up the warrants.