Member Info for BumblingFool

Abengoa are building the mini grid, they are also feasibly part of our Eskom bid, so not great news, guess we will have to see how that all plays out. Given the increasing price of Vanadium, the appreciation of other assets and increasing production things overall remain positive

Progress here is frustrating, we are not going to be into commercial production in q1 another piece of guidance missed. The perlite news is a shame but not really concerning in the grand scheme. The wait continues

Looks like the market just realised V price is significantly up, luckily we have our own Loudspeaker to bring it to our attention

Thanks loudspeaker, very helpful

I see 3 sources for V prices, fast markets, vanadium price . Com and Asian metals

They never seem to match up although they do agree on trend. I’m aware Asian metals isn’t currently being updated but when it was showing daily increases these were not reflected on vanadium price. Com with the same frequency or % increases. Today’s and last Fridays increases reported on fast markets also not reflected on vanadium price . Com

I find this all a bit puzzling anyone make sense of it?

Great news hopefully upturn tomorrow

I added again at 18.5 few days ago, clearly pulled the trigger to early. This retrace is way more than I expected, I really must get better at top slicing!!

Different people frequent the boards for different reasons. I come here to read the great research that is shared. I think it’s a shame that questions perceived as not positive are ignored or attacked as sometimes there is an aspect of the business I’d like opinions on. Personally I dislike all the cons piracy theories and comments on daily SP movement as it takes longer to find the quality posts. But others like such chat so each to there own.

There is some very long term holders here, nuttie, Alfa et al, I’ve been here about 2 years now first buy in was at just over 20p bought all the way down to 11p but my biggest buys were nearer 20!

Happy with company progress and Vanadium market outlook, it’s my biggest holding.

We have missed guidance timelines on pretty much every occasion over the last few years. It has not historically been down to things going badly just unrealistic optimism in how quickly progress will be made. Expect it’s the same this time although I must admit a little anxiety at the lack of news on offtakes

We are up considerably on a month ago, what makes you think ppl are panic selling on losses?

https://www.theguardian.com/business/2021/jan/21/cineworld-faces-revolt-by-shareholders-over-pounds-208m-share-scheme

Splatted looks like we are sharing 2 investments now, hope I get to pat you on the back for great returns on these!

China : US$7.10/lb (0.00%)
Europe : US$5.90/lb ?(+1.72%)
Ferro Vanadium 80% USD / kg
China : US$30.20/kg ?(+0.67%)
Europe : US$27.05/kg ?(+1.12%)

Splatted are you just working your way round different boards trying to get some congratulations on making a return?

Yes I agree but Lemur is a stumbling block, I see this as a green energy revolution play, it ticks the boxes for me but I don’t think it does fir big funds yet.

I think it’s unlikely we will meet the criteria for any green funds

Lemur is in project finance discussions for the construction capital with interested lenders. The company’s objective is to get the project to a ‘construction-ready’ stage, which we previously announced would be completed in the first half of 2020. Due to the effects of Covid-19 we anticipate that the project will get to construction readiness in the first half of 2021 and attain financial close soon afterwards. Discussions with lenders are expected to be concluded during 2020, once the key studies such as the SEIA and the mine definitive feasibility study are completed. Subject to financial close on approximately US$160 million of funding, the plant commissioning date would be 2022.

If we win a decent contract or contracts from Eskim, that will be great as growth will be accelerated, if we don’t we will continue with our current growth plans which are more than satisfactory. I don’t think there is any contract win expectations built into the current SP.

3.5p I believe is realistic once up to full production assuming no further dilution, personally I think there will be some I’ll be very happy at 2p but I’ll probably cut and run before then. I find it hard to bank a decent return, but even harder when I don’t and it evaporates!