Member Info for BenAlder

...and apply a realistic probability to the event weighed against the potential loss to the company.

Low prob/risk, shared with a huge bank. Really you are desperate. I know you are trying to add balance, but you sound like you have joined the dark side with HMHG.

If they survive this period and prove their machine a success, how will they fund production and sales? I expect the SP will be a lot higher anyway, but they will probably be more of a target at that stage and just as vulnerable as now.

While Flash may be exaggerating the bottom, I generally agree with him. You make the assumption that these investors would hold for share appreciation where I would suggest their business model is to get a modest discount to current SP, and forward sell or at least dispose of those shares at a profit fairly quickly to be able to repeat the process. More money lenders than investors. Falling SP is proving his case so far.

I fear this company will milk its shareholders for years to prove up what it has, before trying to go into production. Dilution every year for drilling. Worth trading if price falls below 3p as many will be driven by the sentiment of good results rather than the reality of getting it out the ground, plus a sale of Dundas is always possible.

Many II's have rules on what they will buy. Some won't buy on AIM or in Africa, some with minimum mcap or profit limits. Generally II's are more risk averse and wait for clear signs even if it means a higher entry price at a later date, unless they can make money in funding arrangements during the growth phase. They may wait until debt is cleared and/or consistent profits are achieved. BMNs erratic profit generation to date has probably something to do with it too.

Falling knife. £80m debt and a need to raise £40m to see them thru to next year (might be less). Placing inevitable. Wonder if this fall is deliberate to facilitate an interested party, or abandon ship for some PIs? Glad I didn't jump in earlier. Mcap getting ridiculous, but I'll wait this out.

Don't assume cash generative means profit. Not at these volumes. Big fat wages to pay and who knows what else until results published. Need to invest to expand, but first need customers. SA promising, but export via other countries will lower CGO's prices.

China is looking to Africa to replace its reliance on Australian iron ore and reduce its price. It seems that the Chinese are seriously considering developing a large resource in Eastern Guinea, in the region Sables Nimba mine is, roughly 100km away. The Guineaian Govt has been trying for years to get a big miner to build a railway to its own ports in the West from there. Sable had hopes to export thru Liberia as it was closer to existing infrastructure. Interesting read and would make Nimba more viable if it happens.

https://www.afr.com/chanticleer/china-s-african-iron-ore-strategy-spells-danger-for-australia-20210408-p57hnm

This supply of electrolyte to the US must have been arranged prior to Cellcube's agreement with US Vanadium.

HOT SPRINGS, AR (February 24, 2022) – US Vanadium is pleased to announce a greatly expanded purchase agreement under which Austrian-based Enerox, which sells vanadium redox flow battery (“VRFB”) systems under its brand name CellCube, can purchase up to 3 million additional liters/year of U.S. Vanadium’s ultra-high-purity electrolyte over the next five years. The agreement marks a significant expansion of the initial purchase agreement between US Vanadium and CellCube for 580,000 liters /year of US Vanadium electrolyte, announced in September 2021.

USV can now Produce 4 million Liters/Year of VRB Electrolyte, Which can Enable Storage of More Than 73 Megawatt-Hours of Energy. Vanadium is sourced from India (5 year agreement)as by-product as well as other sources.

Goat. You proudly told me you only follow the beat of your own drum. Now you're admitting to being a mug for listening to other peoples hype on here.! Just learn a lesson and move on, or are you secretly holding on here, in spite of your bitterness to all things BMN?.

The cheapest place.

But I get your point re: supply/demand. This will have more effect on V price worldwide.

No I don't expect that at all, just trying to show how alibaba price is more realistic than other suggestions. I agree with you. BMN does not set the price for its vanadium, the market does. Same for electrolyte, there is growing competition now and I expect those margins to be squeezed down over time. Electrolyte is not the golden egg, it is just another product with some added value, comparable to our chemicals. Another avenue to sell vanadium.

Bonxie. You have to add other costs onto your $3 of vanadium to make the L of electrolyte, so with another $1-2 costs and a margin of 50% equates to $6-7.5 L. Seems more realistic then some other dreamers.

https://investingnews.com/vanadium-forecast/

The lunatic is on the grass
The lunatic is on the grass
Remembering games
And daisy chains and laughs
Got to keep the loonies on the path.

Showing your age you old goat. I'll leave you to your mischief. Goodnight.

Forecasts on vanadium show future deficit in supply, even without VFRBs. That added in and the gap is wide. So sky high V prices are not just Hopium but possible for a few years until new supply kicks in, but in anycase indicates we will have a market to sell to.

Hence the plans to expand both plants to capacity of 8400t pa, as much of our costs are fixed, getting production up are key to low unit costs and high profitability. The numbers are very good.

Thats why I'm here, but a bit peeved that the cost/time of getting there has led to the SP decline. As an entry point it is very attractive, if you are patient. Mines running thin, so my Hopium is on the V price to float this in the short term to boost sentiment.

Lamps I looked at the world steel growth forecast last May and found growth to be estimated at a CAGR of 4.1% from 2021-2030 and steel use will grow by more than 60% through to 2050. Not looked for latest, but the trend is upward even if slowed a year or two due to current economic conditions imo.

https://www.alliedmarketresearch.com/long-steel-market-A12419#:~:text=The%20global%20long%20steel%20market

https://rethinkresearch.biz/articles/global-steel-demand-to-grow-60-through-2050/

Steel recovery bodes well for V price. China now recovering, hundreds of tanks to be built in Europe and more VFRBs being considered around the globe. How long before we see $60+? The World will bounce back as always. Current V price is a good base to be starting from.

British steel has been in a mess for decades. They should let it die, as we always have to bail out the owners in the end, which have been foreign for a long time too. Current Govt wants to give them £600M to switch from coke to hydrogen, even though the process is not yet refined or cheap enough that British steel could ever compete worldwide. Unless they ban 'black' produced steel for 'green steel' some time in the future.

Kibo or MUST may take it and use it as a shop front, using Cellcube tech.

Best scenario would be a float on US stock exchange.

Have to wait and see. Dont hold your breath.

Well Eatstocks, what would you pay for a company with no assets, no IP, just a couple of consultants and a brand name?

If we get anything, that will be an achievement. On the other hand BMN will save some money with its disposal.

What you expecting?