Member Info for BenAlder

It is at the discretion of BMN whether to pay CLN’s in cash or shares. This is all delaying tactics so BMN can pay them off in cash, IMO.

This is merely a side show to the main star – Vanadium price. Almost a month of sanctions, and price has yet to reflect what must be a constricting market.

No evidence, just previous history, which ranks them high on the ‘suspects’ list, but we’re all guessing for now.

@Justin Welcome.

BMN, Largo and even FAR, although yet to dig a shovelful, are all investing in electrolyte production. You could say they are hedging for an expansion to their market. Informed or chancers?

VFRB’s are good tech, but expensive. They are perfect for larger scale storage right now. All technologies are eventually replaced by cheaper solutions, but they take time to be developed, tested and initial take up can be slow like we have seen with VFRB. So chance is VFRB’s will have the spotlight for at least the next 5 – 10 years. Also, Govts are desperate to act fast to solve current energy issues. This should start the ball rolling very soon. Just a few decent sized projects will require a lot of vanadium. The hedge here is if V price tanks due to a contracting steel industry, demand for VFRB’s should increase. This will help stop the wild price swings too. BMN were first to introduce a leasing model, so the cost of V can be spread out over years, making projects more viable and attractive.

I am hoping uptake climbs quickly and Govts will remain committed to continued investment in renewables, defence and infrastructure. This would ensure BMN still has a healthy market if recession bites in a couple of years. Marco has replaced Micro. I worry less about the company and more about the market now.

problem?

The world has tilted on its axis and it is not going back to the old normal. Chaos will continue in the stock markets and commodity prices, as people frantically try to work out what is happening to them, and new lines of supply are established to replace broken ones. Some winners and some losers. BMN are fortunately winners in this new world scenario. Their current markets are unaffected, and a significant amount of vanadium and steel has been removed from the supply side. Demand up, Supply down. $60 is cheap in this environment. It will take years to unwind the changes going on now, and months for the price to settle.

China is a risk, but they risk more than they can afford to lose at the moment, if sanctioned. As much as the world (over) relies on China, at the moment China needs the rest of the world. Worst case, that vanadium could easily be absorbed by the expected demand in the battery market.

A general flight into cash. Commodity Assets should bounce. No one knows for sure.

or means to produce it, either!

Management need to prove themselves and deliver a Plan B. Great asset. Go bigger quicker, I hope.

@Older - Discovered CGO were going into competition with them producing coke. They have just invested in coke plants themselves, but don't have supply. They had an understanding which did'nt involve CGO producing coke at the time. Screwed the local market with no preparation of clients for coke.

@DD So a bit of a bi-polar day for me. I’m finishing on a high though. Looking at the SP is not even tainting my elation. +$60 a kg V! No worries about a thing if this is sustained. You will be rewarded. You must believe that if you held on. Can’t you smell it! . You should have taken some profits after the high. You hopefully have added at the opportunistic moments we have had over the years. I feel the strain too. But I feel closer to reaping the courage of my convictions. You are about to feel that exhilaration again, or my next depression is going to be very deep! Cheer up mate!

European FeV - $60.50 - $63.50
US FeV - $63.80 - $68.20

The point of this thread. Thanks NickD

confining

I think he tries to be transparent and honest with people, but he is a trader as well as investor. You have to judge it in context. His research is good and he tries to support his point of view with fact. I miss the big guy. I like the way he thinks and expresses it. Twitter is too confiding for him. Come back BBN! (Just keep your trading private.)

We have broken the sound barrier! This is like gold going up to $4000 oz!

BMN has done their part and more in promoting VFRB's. Who has done more? They are still leaders in actively creating and expanding this market. I’ll bet every player in the VFRB sector is aware, or has heard of BMN/BE. It is a small world. Joe public may not be aware. My point is, BMN should not have to promote to this level. They are suppliers of vanadium or electrolyte to the manufacturers’. I think that they have that covered. Battery manufacturers should promote to end users. Vanitec and similar bodies should be promoting to governments and energy advisory groups.

I think they are doing enough. They can only produce so much a year. I am damn sure that they will be able to sell it all. I just think it is an unfair criticism of the BOD and over expectation of them in this regard and their role in supporting the SP.

You are making me grumpy, you moaning gits. Promoting VFRB’s is not this company’s job. Surely that is the battery sellers’ role. Besides they have done more than anyone else so far in making it happen. This company’s job is to produce vanadium and sell it at a profit. Do some of you guys understand this company at all? Cusp of $60 a kg, £100M pretax profit going forwards.

It is up to the market, as it always has been, to decide the SP. BOD has/is doing their bit to increase profitability. All the data, research and arguments on here suggest that this is worth a lot more than 13p. It is only going to go up as people realise the value on offer here with its skyrocketing revenue.

(I'll take a break!) ATB!

@CC – Agree. And add a royalty on all minerals produced as well.

I have always believed that there is a future for building an iron ore plant which would produce offset minerals such as vanadium, titanium and phosphate. The vanadium production would provide a steady cheap supply to Vanchem. All in addition to the pig iron which would meet any countries standards for processing to steel. Where that market is, is anyone’s guess.

The political tensions with Russia highlight the West’s problem with reliance on China (for everything!). Europe has all but stopped its steel manufacture, with a few exceptions such as small companies in the Eastern Blocks, using Russian ore. China and India dominate the world market because of cheap coal and labour.

It is a zero valued asset in BMN’s portfolio, but its real value is growing all the time and hopefully, after BMN has got to capacity, and the SP has consolidated at a very much higher price, I think it is the next project that will be done in a partnership. Huge value waiting to be released. That is why I’m not keen to sell it or its raw material just now.

Stagflation or some yet unimagined scenario may lead to falling rates of steel production in the coming years, but that then plays into the battery sector if the prices fall. A good place to be I feel. ATB!

Sorry that should of been Micky not mikey!

I have been watching CGO now that I have stake in it. Would never have bought CGO shares, but it has some potential, but have my doubts about management. SBLM shareholders will probably tank the price in our rush to get out with our shirts on!

Yeah, they are there to taunt and remind me of my mistakes and greed, everytime I login., lol.

@Mikey & RG33 - I very much appreciate what you have both have done and are continuing to do. Thanks for your efforts guys. If it was not for this website, I would never have known about the distribution of CGO shares.

There must be a case against the directors here for failing in their responsibility to shareholders, but I don’t think anyone in authority gives a damn. Just hope the registrars have more integrity and professionalism than Groves et al. The distribution should be simple you’d think. Hopefully we suddenly wake up one morning and the shares are in our accounts. They expelled mine from my ISA to a trading account too. Anyway, fingers crossed. Thanks again.

@Lindon. I think it is. The problem is that there is relatively little steel manufacturing in Europe, but EU expressed a desire to bring all essential ‘activities?’ such as steel making home, to reduce foreign reliance. So SA would be considered a safe place to source from. But as I said before, SA could replace that Russian steel Industry in a few years, in country, if they could ever organise themselves...

Yes agree Pdub. We are all about to reap the benefits of external circumstance amplified by the actions of management over a relatively short time and cost. (Hope you are doing well, thinking of you.)