Member Info for alfredh

Yeah, the market makers misconception is widespread here.

A trade is made of a purchase and a sale at the same price.

seller...

Bidding 12.30 for 100,000.
A trade 181686 shares @12.21 went by, leaving my order unfilled.
AIM is such a trash market. Congrats to the buyer at 12.21, you have been ripped off.

"when in full production" LMAO. They could be bankrupt well before they approach 50% of "full production" just like North Amercian Tungsten is BTW.

So at appears people are mostly very happy with Vametco output at 65% nameplate in a $62 price environment. Great!

Stating the facts is as much "negativity" as labeling a war "war" is treason.

""The slower than expected ramp up to this production capacity has been disappointing contributing to the revised production guidance."

I was referring to this paragraph. The "slower than expected ramp up" happend despite record high V prices, before Covide and without SA Govt. involvement. The reduced guidance also happened before all that.

Further, if Vametco's annual production run rate was 3,750mtV sinc 2019, why is 2022 guidance "between 2350mtV and 2550mtV" only? What's the excuse this time?

No moaning included, just the facts. There is a REASON for BMNs reputation and my message intended to explain HOW such reputation has been built. You can like it or not but you can't deny the fact.

Pdub,

Fortune's comments on 22/08/2018 were made in the midst of the highest V price environment in recent history. No vanadium price collapse, no Covid 19, no SA Govt to blame.

Fortune on 22/08/2018:
"I am pleased to see the completion of Phase Two of the Vametco multi-phased
expansion project, which was successfully completed on time and within budget,
bringing Vametco's annual production run rate to 3,750 mtV."

annual production Vametco:
2019: 2832mtV
2020: 2646mtV
2021: 2453mtV

"The slower than
expected ramp up to this production capacity has been disappointing
contributing to the revised production guidance."

Well, I kind of get used to it. Repeatedly missing guidance certainly builds a repution of over-promising and under-delivering. That's why the market discounts BMN stock. 9 months of meeting (reduced) guidance can not revert a reputation that has been built over years.

"Phase Three of the expansion plan is scheduled to increase Vametco's
annualised production capacity to over 5,000 mtV by the end 2019."

It's 2022 now and actual guidance for Vametco this year is "between 2350mtV and 2550mtV". Including Vanchem's envisaged "Production guidance of between 1,750 mtV and 1,850 mtV." it's 4100mtV - 4400mtV combined, still a far cry from the 2019 prediction.

to see share trades go by at a price lower than what I am currently bidding. It happened numerous times to me. The number of shares traded at the lower price is greater than my offer to buy. So my ourder COULD have been filled. Obviously somebody is being taken for a ride as he got less money for his shares than he could have got. At the same time I am left without shares although I was bidding more than the guy who actually got shares. What kind of grey market is this?

Thanks a lot, Steve!

was >20M shares during the first half of March. This should have presented a good opportunity for Duferco to sell what they think they have to sell. Here is hope that they will be no longer in the list of major shareholders once it is updated again. Does Bushveld issue updates to the list on a regular basis, like once a month, or does it happen rather sporadically?

Yeah, right. Keep wheeling out the same old nonsense.

Just my opinion.

is made of overblown expectations.

Exactly right. "Just wait for the court case to be resolved and sky's the limit". Yeah, right. Look at the sp now!

Not quite 20p. It's 13p. Another case of enthusiasm meets reality.

I think the price of V should stay at elevated levels for the foreseeable future but with regard to BMN's ability to avoid another blunder I am in wait-and-see mode. Last year's shortfall is too fresh to be totally forgotten.

"So do you think BMN is a good investment or a bad investment at this sp?"

IMO this is dependent mainly upon two things: 1. The company's performance, in particular its ability to meet guidance and 2. the future price of V.