Member Info for Block16legend

Tyfoon, I share your optimism when it comes to the future earnings and the significant step forward in profit in h1 compared to H1 17 L4L. The signs are there for all to see that we have a lot of potential. There is also potential for higher income in H2, if we have increased our forward order / wholesale prices in line with the price increases (as I believe there will be a lag in the sale price for forward orders). But I disagree that we should consider the buy out of Sojitz as part of our BMN profits, until it’s signed and sealed. Global demand for our product is significant, hence the $65.5 price, but we need to continue to deliver the production rates. Something I think the Q2 update suggests is not as certain to happen as we think/hope. If we don’t have the product to sell, as we haven’t mined it, then we can’t bank the cash. I could be completely wrong here, but I, like you and other LTH’s hope we are on for strong figures.

Sorry, but what do the Worthington trades before the suspension suggest, and what are you suggesting is happening with BMN?

If you only have 3 spades, and 3 employees, do you work them 24/7? Or do you have 6 people working the spades over 2 shifts.

Without sounding naive here, would it not make sense to employ more people to raise the mining and production, thus getting back on track and kicking forward to even exceed the 3750 target for the year? We could be down on the quarter, but imagine coming out of the year and the impact on the share price

Could they have been waiting for the results of the Brits drilling test, to put some positive spin on the disappointing production result? If the drill test was completed during Q2, maybe the results for quality of reserve wasn’t back in time to allow for the Q2 update being released around the anticipated date of the 09/08.. wouldn’t be anything wrong with including the Brits reserve quality result of it was actually drilled in the period, would there? Maybe it’s a sliver lining to a cloud, that caused the delay

Sorry cindercone, I meant that in terms of downtime (2.5 days isn't am excessive amount of time, I could be wrong, but just my opinion) it was resolved swiftly.

let's hope it's not the start of a racketeering exercise, and we can take steps towards our expected production targets without any further issues.

"Meanwhile, we are very pleased with the recent positive drilling results at the Brits Vanadium Project, which has shown similar mineralisation to Vametco with vanadium grades in magnetite of 1.54-2.09% V2O5."

Does anyone know the size of the Brits reserves? If the mineralisation is similar to to Vametco, that's excellent news, but depends on reserves.

agree with some of the comments about industrial action and disruptions to business activity, it's a risk every business faces, but the positive is that it was handled swiftly and production resumed immediately. Let's hope we haven't thrown a few ZAR at the problem in the hope it goes away, as once we've started down the route of paying off the problem, the cost of doing so next time will be significantly greater next time around. Only time will tell

Could this have already happened, and will be included in the H1 financial report, or is it a material fact that would require its own separate RNS?

Might be clutching at straws here, but I think there's a positive spin RNS due very soon.. FM won't sit on his hands here, surely?

How long did the largo industrial action in Brazil take to resolve?

They then rolled out the big guns for positive PR; let’s see how FM and co respond. I’m a betting man, and I wouldn’t put my lunch money on him sitting on his hands here

What was it Del Boy said,’this time next year...’?

Slightly sadistic humour given the news, but the prospect of a strong second half of the financial year gives us something to hope for

Where does this drop leave us in terms of AIM 100?

He believes that China are showing signs of continued rebar production and export, no mention of BMN. But as the Chinese grow their export, is this an indication that vanadium will keep being purchased to keep up with EU/US standards? Not bad news for vertical producers if so; do we know any?

Sorry PB, my mistake. Got distracted. Need to give Bloomberg my full attention at 11:20, it could be exciting!

John Meyer will be on Bloomberg at 11am discussing the metal markets; will he take his chance to put BMN in the limelight.... let's see

Two chunky sells between 13:13 and 13:27 have put the made the chances of the cup being won this week unlikely; but it won't be long now, surely?