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@CC - No, and No. Suggest you re-read thou I suspect you understood fine. I've come to terms with my losses thanks.
Actually I was very well informed here. It doesn't help when these CEOs either lie to you or omit to tell you what is actually going on. Ended up being another typical AIM company. I wrongly assumed FM was a man manager , able to cover his gap in knowledge/experience. I started to bail, although not quickly enough, when Les Ford appeared on scene and we started taking 3rd party ore.
I like Craig, and it starts a new chapter for the company. But questions remain on the company's ability to hang on until V prices get back into the $40's and what Craig is actually achieving here.
I expected a recovery to 3p with the first Orion RNS accepting the deal, but the Market is not ready to price it there yet. Need new news. Cash from a sale on top of higher production numbers. SPR splashing out to build kiln 1 this year. Couldn't pay on time! I do not trust these guys, but assume a buy out would happen later and at a higher price anyway.
I hope I'm wrong, but honestly see a slow year here. Anything can happen on AIM so you never know, I 'd take 3p for my last tranche, so the sooner the better. I ramble on, so TTFN!
Its not bitterness George, and its not to put the boot in either, it is a reaction to your armature and incessant baseless ramping aimed at the ignorant punter I presume. The Goat is watching you!
This has had two attempts now on the back of Orion's deal announcement to break out. Both times it rose and then was heavily sold into, and it never looked like it was going to 3p. You saying third time lucky?
SPR's reputation as the Man with the readies is in question and exposed BMN's financial weakness even further. News of getting the delayed rescue funds in will not be enough to lift the SP while the future is still very uncertain. Its going to take a stream of good news to restore confidence. I think it will be a slow recovery. Who knows?
Clark I take it you disagree. Opinions make the market. Will you be buying on the funding news than? I'll get off my rubbish now, what ever that means.
Why should it take off? Maybe next year if a dramatic increase of V prices.
Current V price means loss making and more debt accruing.
Orion with 124M shares to unload over the year soaking up any rises, as they did before.
SPR's future investment not clear and not contractorialy obliged to do so in any time frame. A vulture waiting to pick the carcass if it fails and a Shylock if it needs cash?
Barely out of the frying pan at the moment.
FAR is having a mare today.
https://www.lse.co.uk/rns/FAR/trading-update-764njirw0c7fhrm.html
6 years ago this share was getting pumped to the high heavens on the basis of VRFB's. I was hooked for a while. Still seems to be some belief or blind faith that this tech will take off. Any defenders? Very quiet. Alfacomp the expert? I'd be (slightly) interested to hear his current bushveld perspective. Has he just moved the projected dates out a bit? Manana, manana!
Not sure if it was MN and FM that converted Vanitec or the other way round, but Vanitec is an industry body trying to self promote its own interests, vanadium. I think they are largely responsible for promoting VFRB's and manufacturing all those future projections. Heavily biased.
The chap has a point even if perhaps delivered to provoke a reaction.
https://www.nytimes.com/2023/04/12/business/china-sodium-batteries.html
https://www.ft.com/content/826fb9bb-b27f-4c68-ad4b-a54ad74713c9
https://northvolt.com/articles/northvolt-sodium-ion/
https://www.sciencedaily.com/releases/2023/12/231213112602.htm
https://www.msn.com/en-gb/cars/news/tesla-masterminds-sodium-tech-and-the-little-known-welsh-car-battery-maker/ar-AA1lDgfK?cvid=c14a4f93963347a0a425993d72867980&ocid=winp2fptaskbarhover&ei=9
I've watched the VRFB market over the last 6 years and I've seen very few installations and hardly any growth at all. Some may want to cite China, but even they are giving this sodium tech a go. 16 out of 20 factories in the World are in China. Its reminiscent of recent V electrolyte production growth, but bigger and faster.
Cost is always the driver. If not sodium, then it will be something else. VRFB's are too expensive for mass take up, and their window of opportunity is closing as far as I can see. Niche as I've said before, but you can always hope.
CC -Like Vanitec? They had a rule never to discuss prices. I sure it goes on to some extent, but price fixing is illegal is it not, with the exception of OPEC.
The metal traders like it the way it is, as they effectively control the prices. Steel producers will/can cut their prices to kill the primary producers. And there more of them.
Low steel production means low consumption means low prices. Economics.
You cant really set prices when there are enough producers to create a market. The US etc, would soon put a stop to your price fixing.
Your imagination is running amok now you have your rose tints on. But we all love a good ramp!
New broom, new players, same old story. V price. When that hits $40+ you may get your return.
Again market reaction is subdued. Not buying the jam tomorrow speech. Maybe after the rogues put out their notes on the new model they will bite.
I like what he is doing. With the exception of Tanya, which was a bonus, he's made every move I've suggested except for the 26% buyout. Class. I didnt think that was allowed, else why not before now! Still not ruling him out as a SPR plant. lol. What is his salary?
Well kiln 3 capacity was supposed to take the company to 5000-5400T pa . Higher grade required perhaps. Vametco was slowly slipping. Needing attention. 5000T potential? Plus 1500T pa from Kiln 1 or 2 if re-built.
When could Vanchem be locally supplied with s lag? A gamechanger.
"SPR will provide a medium-term trade finance working capital facility to the Company, totalling ~US$25-30 million."
So I assume they build up debt in that account. For a while.
"A potential future commitment by SPR of an investment of US$7-10 million in Vanchem for the recommissioning of Kiln 1."
That seems like half the cost quoted last FM project expansion cost plans. If so how is the difference being funded?
Pray V rises in the new year or otherwise its same old story of servicing debt. Good times to pay for bad times.
I'll give credit to Craig. Turned out to be the ruthless type I described he could be when he came in. Would of died without him. This will be as lean as it can be, operationally, in 2025. Perhaps ripe for a take over. lol.
Yes, but you'd think the receivers would have been called in by now if there was no negotiating going on with a resolution in sight. Still could happen but last news was positive and I'm taking 'no news is good news' at the moment.