Member Info for BenAlder

Sorry Julian. I made the cardinal sin of not reading the full thread. No harm intended.

So what is your opinion then, Julian?

Not really. I suspect Setcentric is right about BMN being constrained to supply extra vanadium.

I still read it as Crisps, brain making assumptions! Its ok, I don't buy into conspiracy theories. Thought it would make sense for a crisp manufacturer to research this and get the monopoly. Potential is huge, like so many of their other offerings. I'm not yet in but hoping to buy soon as cash available. GLA.

lol! I read it that way too! Do you think it was deliberate.

How expensive is their salt to normal? But I suppose that if the food industry is interested - it will be huge.

Ok, sorry. Must have sold some to pay for the RNS then.

Don't think so. Did IES not do a cash raise recently?

The point is that high V prices are not to be feared, as leasing becomes more attractive and is profitable with low risk. You can't destroy the vanadium. The advantage of high prices to BMN is the free cash made can accelerate growth and reduce borrowing/dilution. We have a mine to build if this takes off!

I'm enjoying watching the price of V a lot more than the share price. It is easier to make a prediction of future V prices then it is a share price. However companies are valued on the bottom line, and every cent rise in V is around $40,000 rise in sales profit to us. We can only follow. Ergo - BMN will rise.

In 2018 the BMN share price took 7 months to rise from 9p to its highs. I wonder how long it will take this time. Looking forwards to the summer! Kinda exciting! GLA

Well the way I see it, it is about ownership of the vanadium.

We either sell at spot or BE leases the vanadium at a rate that probably will pay them back at least 2-3 times the price of the vanadium over 20 years. So Bushy can set a rate dependant or totally separate to the spot price at the time.

I expect that we may charge an upfront fee to cover our costs eg $20 kg, and whilst our vanadium is deployed we get paid monthly income from the lease agreement. If they terminate early there may be charges, but we keep ownership of the electrolyte, so have future resale value with little or no costs.

BE will, over time, still make more profit than with a one off sale at the spot price at the time. The battery client gets to spread the cost of the vanadium over a period of years making the project financially viable to them. With HP the customer ends up paying more, but accepts paying a monthly fee instead of interest on a large loan he may be unable to secure.

@Alastair - I like the idea! This can happen anywhere in Africa, and will in time. Higher V prices are coming, we are so undervalued, but I believe 2021 is going to be exciting with a lot of news flow. SP rise must come!

Nice find NYS. Well worth a listen.

Maybe Fortune plans to develop this after he builds his vanadium empire. A vertically integrated steel company specialising in rebar!

Lemur will be sold off , i'm sure, but for a good deal.

Sorry *******, do you really believe that NM's job is at risk, if so why ?

Well he is the leader. If some of the shareholders don't like the direction then they are ousted. There is a constant debate on here of whether NM will take the golden goose to production or sell it. That is probably at the heart of this. But never seen a begging RNS for votes before. Maybe the new PR has missed its goal and it really is for shareholder relationship building but they are causing panic!

I can't see it lasting long. Reports are that they are increasing steel production. They'll just blockade the wine, which will be a worry to the Aussies!

Colin is too flighty and has never had shareholder interests at heart. He reminds me of Wallace (of, and Gromit), but not as smart! It strikes me that he is just looking for the next Tier 1 discovery at the expense of others. Never sticks to a plan for very long. He will continue to dilute the hell out of this as he wanders around the world on his quest. This and PREM are indeed a pair!

Shorttracker showing Millennium has left and no shorts (over 0.5%) declared on APF.

ASIC of up to US$995 per oz - from the interim report. Remember when it was supposed to be under $800. They need to work on this, or are they assuming future reductions achieved by increased throughput? Comm's is poor from company too.

But oz's, grade and growth potential are there. No debt soon, but is there to be a hit to raise finance for immediate expansion? I can see what the man is saying. High gold prices go along way to helping this company, esp Dugbe project. I'd be happy to get fresh, experienced mining management in. Hire own labour and get rid of expensive contractors, think about buying own equipment instead of hiring. I know they did these things for security/insurance and probably lacked experience to do it themselves.

Good price if you accept the risks. Did not expect these levels again.

No still locked down! Nice in May before the midges come out. ATB.

@ faramog - I take it you have already googled his name to look for cycling connections? lol!

Biffy, to be fair, I'd probably laugh too if someone in the office tells you he knows of a company that is the next best thing since sliced bread and is going to go up in value 80 fold in 10 years, if I don't know the story or see how you arrive at that figure. Perhaps its the way you sell it. If you reduce your targets to something you can demonstrate ie- current, financed growth to 8400t pa in 3 years and the ability to grow to meet future potential demand as it rises.

Better to hold for your £10 and wave it in their faces latter. God, I dont think I could hold out for £10 anyway. I'd be laughing hysterically all the way down to the bank at £2! Good luck to you!