Member Info for Alfacomp

Tyfoon - in principle that sounds attractive however with everything going so well I would be wary about picking up anything substandard that might be a drain on management time or company resources. Having options means we can choose the best path. There is no unwritten rule that says that we have to go for 90%+ beneficiation from the start so we can get cashflow moving fast but work towards improved beneficiation and profit over an extended period, rather than the high-cost, big-finance, big-bang approach, which typically leaves early PI's significantly diluted. Fortune's approach throughout has been one of minimal dilution, which I for one am fantastically grateful for.

Prices paid moving up, 4 mms buying at 19.0 only cantor (as usual) selling at 19.5p This will tick up in the next 15 minutes.

In some ways that give BMN access to all levels of the value chain for Vanadium 1) Mokopane exporting concentrate 2) Vametco+Brits producing high quality Vanadium for Steel and high purity V2O5/MVO for electrolyte 3) Multiple Vanadium electrolyte production plants 4) VRFB manufacturing. Truly remarkable.

MTB - no the obvious place to take Brits ore is 50m (next door) to Vametco. Mokopane is 200km from Vametco so you might as well ship from Mokopane to China. That was the point I was making. They are signaling that there is no 'imminent' need to build a processing plant at Mokopane - you could simply dig and concentrate ore at Mokopane and ship ore abroad for processing into final Vanadium or Electrolyte - the Capex would be a great deal less. Sure you could build an all singing and dancing processing plant if you want - but the point is you can do this in your own time and when a good financing deal can be struck, if you even need it.

NickD's calculator has registered a 1202 alarm

yep it is more reliable

Pdub - hmm interesting - expand Vametco to double processing capacity at low Capex where everyone is already set up. You could see the argument that Brtis should be able to supply this without any problem so there would be no obvious need to even dig one tonne at Mokopane. What a surfeit of riches !

And no L2 working here - any other platforms working ?

vauch - I think Knuttie does sleep quite well knowing that his (and all our) investment is proving brilliantly successful. He is only using the discussion point to make exactly the point that you are making - that nothing goes up in a straight line - there are inevitably TA driven traders around who will try and profit from momentum rises, pullbacks and the 7th of 5 wavey waves which will inject the volatility that helps make the MMs their money. No matter - the company is developing brilliantly, and as you will recall from the Vanitec meeting in manchester, is one of the key drivers for the development of the multibillion dollar VRFB megabattery industry. Speaking of which is there really nobody who wants a trip out to Lausanne in July to the 4th Vanitec ESC meeting ?

But it's not holding the price back anymore so either it is not the same seller as before or it is very near the end and the mms have seen the writing on the wall.

Tomorrow then it looks like yesterday's 6M is to wogen 1 as 13.8M was to Erongo

Thanks Faramog and BBN - video commentary updated

from 121 mining conference is lsited now on the Bushveld Perspective https://www.thebushveldperspective.com/slides/slide/121-mining-london-bushveld-minerals-vox-pops-53#scrollTop=0 I have to go out today so if anyone wishes to contribute a short and snappy summary please feel free to post it here or email editorial @ thebushveldperspective.com

Uksteveg - why would there be an RNS just because of a sell of 6M ? That is significantly below any notifiable level.

I believe it is officially "as soon as possible" which doesn't help much.

YTSS - quite simply because if PIs were able to know what Market Makers were up to they, the PI's could trade profit from it. There is a clear asymmetry of information in the market, normally strongly skewed in favour of market makers, that is why the presumption that AIM is a simple peer-to-peer market is not appropriate.

That of course would not explain the 6M share trade reported today - as that would correspond to a share sale. One hypothesis is that this is the remainder of the the Wogen warranted shares being sold into the market - as a large block so that the ongoing stock overhang position would not have been analysable as was done for the Erongo selldown. If we see the SP let go of later today then this might provide support for such a speculation.

YTSS - warrants could be exercised ahead of big news and SP rise - the real question is when do they actually sell the shares they get from exercising the warrants. If big news were on the way, and it was known that a significant block of warrants had already been exercised then it might have the effect of removing a potential perceived drag on the SP - and thus yield a greater rise - I think that this is what swanseayellow is getting at.

Steel production does not look like it is going down any time soon. It's not the 1930s now. http://archive.treasury.gov.au/documents/1042/HTML/docshell.asp?URL=02_Resource_commodities.asp

Your buy of 193,284 is now showing up