Member Info for BenAlder

What the heck are they employing all those people for? Its planned but for the final arrangements I described. Yes waiting on KoBold to give the nod and open the purse. Are they in the same hurry as you? I just think expectations are a bit high here leading to a mini panic when by Dec 31st you are all none the wiser.

Patience. Its no news at this time of year.

@Hemo - I think planning has probably started. But they may not announce anything until its at a stage that it is a go, everything booked and chartered. So end of Q1 latest for a June start.

Thanks Chris. Thats what I was trying to say.

Total all in costs is what I am looking for. But the real one that FM never gave us.

I had reckoned $170M last year, discounting one offs. Without that info its guesswork, and I'm thinking, that may reduce to $130-140M. At 4000T = $32.5 - $35kgV breakeven.

So need to know.

SPR now contribute to half Vanchems general running costs.

SPR will take over sales in future.

Bought out Vametco minority shareholders for 100% profit income.

Redundancies we know today.

Shedding of cost and fees associated with disposals.

Debt restructure.

I'm trying to work out what kind of profits the company could make with these savings and the new profit split on Vanchem.

I see where this is heading, if all goes well, but the income potential is very different to last year. I dont see that information becoming clear until summer 2025 Final Results. May get an idea next summer. Im not talking about production costs alone. It was all the other stuff that was drowning the company.

Ruthlessly efficient. I'm starting to forgive him for his negotiating skills.

Ask him how much he thinks he has saved so far.

RE wouldnt give a time for completion in his last interview with Sarah. So likely this will slip into Jan/Feb. There is no rush or pressure on these big guys, its BJay that is desperate. I think he'll get something done before end Q1.

Also expect Kolbold to declare their drill dates at end of Q1. I see no reason that they will not follow up on their comitments, nothing has changed and they have the cash.

People are hanging onto RE's every word. Take it all with a wee pinch of salt. The man is not going to put a negative spin on anything. A lack of experience perhaps, but I take him as generally honest, but not to be trusted any more than any other miner. Remember what Mark Twain said about miners, lol.

Rarely do things proceed at the pace we hope. I'm not looking to hang him just yet. I'll start worrying towards end of Q1.

ATB!

I heard a member of the ANC is going to the big battery switch on next week.

Sorry, I've just been corrected. It's the RAC. They have a fully charged one incase its needed.

Meanwhile the staff at BMN would like to thank the PI donors and are looking forward to their Xmas office party.

Get them while they still cheep!

PD101 - So exciting! Cant wait for the presentation.

Are we going to be mining for diamonds now?

This has got to be worth 20p at least.

Coffee, sell CASP and get it all on this. Your confidence, Marc's plus PD101's is compelling. Hate to out of this ... too soon!

I meant at what ever level Orion set. I did not think it was going to stay at 6p.

They then used 3p for the fund raise to II's. That should also have set the base as 3p.

Did you not expect that the market would snap up cheap shares on the market?

Marc believes there will be lots of interest at 3p.

But alas, still no rush to buy to cheaper while they can.

Because SPR was happy to use it a a valuation. It should of created confidence for more buying up to that price. The shares are sticky, except for Orion.

I still hold some.

I am realistic. Call it as I see it. I had expected us to be at the level Orion set. Well look where we are. Why?

If the take up is very poor, what will you put that down to? Will it make a deference. Will it affect your judgement on this share?

Still a loss making company with debt. Tough year ahead. I'm not ready to put my rose tinted glasses back on yet. I'll not assume it will just all go to plan. Done that before. As I said before, it has lost its luster as a long term hold. I'm looking to get out higher but no hurry. Thing are turning.

Interesting is not the word I'd have used. Lucky or surprising.

Market reaction to the 3p news has been very subdued.

He has no intentions on holding to 10p. More like 4p and dropping daily.

We know 2023 was loss making, again. 2024 is all about profitability. That information is not really going to crystalise until the start of H2. So I dont see this getting much higher than 3p for the next six months.

Also highly likely, based on past performance, to see Orion selling down their shares in that period, suppressing any gains.

You'll have to be very patient. Pray to the vanadium gods!

Not much enthusiasm to buy sub 3p.

Coffeecups that was common knowledge. It is set up as a model to show that these projects can be funded and operated seperatly and the elec bought at a cheaper rate than Eskcom. We will save 10% pa on the elec costs at Vamentco. How many years pay back is that?

It was a good idea, but funding this, the plant building and Cellcube all at the same time as re-building the two plants proved to be a step too far financially.

It was all built on the idea of higher V prices and no covid slowdown, but this didnt cost a 'pound of flesh' as you said before, it was more like an arm and a leg!

If built, they and China will dominate the market and no upstart will ever have the chance to compete. End of VRFB manufacturers.

Because

a) They have the V supply as a by product of their vast oil.

b) They are not the west. They are not democratic.

c) They have the wealth.

Beyond China and Saudi, who has still to prove it will do what it says and move off oil, who else is going to do it on this scale?

I accept a growing market for BESS and that VFRBs are a very suitable solution, but where is the growth that was promised. They are too expensive, therefore niche and for the rich, like the countries building them.

.... less than 25%. Or sold off by the end of 2024. Craig is not carrying passengers.

(didnt like the less than symbol - 3rd time lucky.)

Lets see how well our new e plant (or elephant) is utilised next year. I'll go