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Company that we own 8% of dropped finals today.
Ies up over 9% today. We own 8% of IES. Our Sum of the parts today has increased by 0.4%. We have dropped 2.6%.
Cheating bastards are trying to bore you out of your best ever investment. Do not give in. Soon our stake in IES will worth more than our mcap. Ridiculous.
Squirty,
There’s a company that I know that has gone from a small miner to a vanadium producer, that has lined up a number of energy deals, has one of the largest resources in the world, has a history of making exceptional deals in order to grow. It is part of a growing commodity market and about to be a big player in one of th most important energy revolutions ever. It is currently valued below its NAV by a crooked market.
Now I don’t think that there is a better bargain to be had. We had all better hope for a quick rerate before WE become somebody else’s vanchem.
IMHO .
Squirtyflower, in normal times I agree about the buy back. It shows a lack of imagination.
However we all patted FM on the back 13 months ago when we bought vanchem at a bargain price. I would forgive FM if he bought a few more bargains.
No wish to argue with you Pdub, I respect your contributions too much for that. But to talk about a quick fix after 15 months of a shafting takes some swallowing. We are either a great company or we are not. Share price I’m afraid is telling the one half of the tale.
Time to take back control and stop this nonsense.
Surely with sum of the parts valuation significantly higher than Mcap and everyone on board expecting better things because of FM strategic planning and with cash in the bank, wouldn’t this be a shrewd investment for the directors or the company.
Lack of action speaks volumes. If this is such a bargain why are there no buyers. Come on directors, get your hands in your pockets. Most of us here have.
No sensible person can deny that this share is shockingly undervalued, but this is what the market says it is worth (or more accurately what the manipulated market says it is worth). We are all aware of the good news and canny business play of FM.
Thing is; we can see it yet the wider market can't. This can only be due to poor communication of the business model, plan etc etc.
FM is on record as saying that he has a fix for the SP problem. Given the lukewarm reaction to today's solid RNS, now might be a good time to implement that plan.
I speak as a very frustrated LTH.
GLA genuine holders
@vauch @alfa, thanks to you both. Both excellent points. A massive cake of which vanadium ought to get a decent slice. About 3.5m reasons to be cheerful.
Just remind me Alfa, how much Vanadium would be be required for that and who on earth has that much of the stuff.........I wonder.
.
So there seems to be a consensus that we need lots of PIs or a few IIs to continue the momentum to see a rerate and maybe finally cease to be the markets plaything.
II investment seems to me, to be unlikely while we have Lemur. Many of the biggest hitters have recently boycotted coal. We should do likewise. Discuss. GLA
I’m a rocket man!
The Vanadium price in China is picking up nicely. No one can argue with that. V price elsewhere isn't.
Pinning hopes of a rise in SP based on what is happening to V price in China is going to end in disappointment. We need price rises elsewhere, OR off take agreement with China before we will see anything. Now if Vanadium is such a key metal to the future of ESS , then we may get to a situation where we have a Global mainstream commodity market, as we do for Gold Silver Copper etc. Then the V price becomes really important.
No V price in China is not important. Selling our electrolyte is, selling our energy storage is, selling our MWh is what will change this company's SP. So come on Nik give us some news.
I remain long and strong.
IES through the important £1 Mark. Our stake in this is worth £1m more than yesterday. Yet we are chalked down by £3m. Makes perfect sense on AIM.
To Invinity and beyond surely
The company SHOULD be worth a lot more than that in the future. However we should have an SP significantly higher than it is currently.
What this whole adventure has taught me is that what it should be worth and what it is worth are decided, not by silly things like profit and future growth, but by what the market ( ie barely legal spivs on AIM) decide.
FWIW I would take a quid.
Now here’s a thought. Fortune has stated that he will look after the SP. full years are due soon, and I think we all know what will be in there (take a bow BBN et al). Fortune will also set out guidance for ye Dec 2020. We have liquidity and spending plans.
1) assume local costs of developing Mokopane are in rand and that our cash is in $,
2) weaker Rand means we need less of our dollars.
3) should have some spare cash.
4) let’s consider the prospect of a dividend to sting those manipulating bastards and reward loyal long term shareholders.
The above is Not a prediction, merely designed to encourage discussion. GLA
To quote Mr Bumble' " The law is a ass.....a idiot".
AIM is snake pit of thieves and pond life. The quicker we get onto a proper exchange, where fair value for our shares is established, the better.
Might refer FCA to itself so that it can see how useless it really is.
Do not give the thieving twats your £1 bushy tokens.
Seem to recall that some months ago, that the trade of a single share was a signal to sell. hope im wrong.