The Erongo video makes it clear that there is little correlation between good news and SP response. With more than 4,000 views I know that most people here will have already seen it once but it may be not known to some of the new people looking in.
by Investor01 earlier this morning before the board was swamped with nonsense by our resident halfwit
1. Vanchem acquisition completed. 2. Planned maintenance programme completed ahead of schedule. 3. Record monthly production achieved in September. 4. On track to meet production target. 5. Finalising documents in order to execute Mokopane mining rights.
as usual BMN has done exactly what it said it would and has pulled off a deal, which in some respects is even more impressive that Vametco. Vametco was a somewhat stranded asset due to the withdrawal of Evraz from all of its South African businesses. In fact Evraz believed that Vametco could not run productively without a feed of Vanadium rich sl-a-g from their Highveld steel plant - as demonstrated by the announcement today Vametco most certainly can and is now on track to produce more than during the times when it was taking sl-a-g as part of the input mix. They are now running solely on locally mined magnetite ore, and at production costs which are no higher than they were.
Furthermore Vanchem is a much more highly diversified chemical processing plant, allowing access to a much wider range of Vanadium products, and premiums over that available purely from FerroVanadium. The 3 rotary kilns there now increases our total to 4, providing very helpful diversification and insurance against any kind of local problems.
In addition, Burford will continue to press for regulatory and criminal action to be taken against such wrongdoers. In this respect, Burford has already asked the FCA to investigate the manipulation of its share price. Burford wishes to assist the FCA to the best of its ability in order to ensure that appropriate regulatory and/or criminal proceedings are brought against those responsible, whether by way of public or private prosecution. Burford has a legitimate interest in such action being taken in order to ensure the perpetrators are punished for their wrongdoing and to deter future manipulation of its share price.
Pat48 - I've spoken to a number of people in the energy industry who are still woefully ill-informed about VRFBs - assuming them to be slow to respond or still in the laboratory. And these weren't just your average guys these were highups