Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
"Orion doesn't lose out, besides the 5% holding they have. And the new owners would be getting the assets at such a knock down price that it would be worth mothballing until the downturn in V is finally over."
Don't think deactivating a company for 1-2 years then hiring 500 employees to bring it back to life is within a private finance companies remit. They will simply sell off the assets and call it a day.
The exact I expected. From a moron.
Let me guess, you're a Covid denier?
Who wants to take over a heavily loss making business? It's plausible that will come together to find a solution that benefits everyone - at a price.
"It was construction boom in china due to which vanadium hit 130 level."
No it wasn't, it was the central government's decision to enforce increased rebar standards to cut down on the use of low-quality steel.
"Why don't you see Vanadium price recovering?"
You can't be this stupid. Historically, the construction industry in China drives vanadium prices and yet China is currently undergoing the worst property crisis in three decades with massive property developers going bust. That's why the vanadium price is dismal and there is no sign of recovery with house prices now dropping for eight consecutive months due to oversupply.
What other factors will see a reversal in the V price? VRFBs? No. China has plenty of its own now that the demand is not there for steel and can further import cheaply from Russia.
"Same for BE, wasn't NM suppose to be trying to get electrolyte orders? The amount of money the company sank into that must be astronomical. "
$10m for the plant. Nikomarov's salary must have eaten a further $1m + running costs/staffing a few million more. And what do they have to show for it? F*ck all. Nikomarov's little pet project needs to be defunded and his salary is one cost that can be reduced.
What a sorry investor call that was. Only one person turned up to ask questions. CC must be tearing his hair out and wish he never took the job.
@faramog
I was invited, but wasn't given the address. I think they call it 'ghosting'.
"Investor call was short!"
They didn't provide a link and deliberately made it as short notice as possible so nobody would listen or ask any questions.
I mentioned this RNS was coming last week and here it is. To think some nutters were buying shares and still are.
I warned years ago about that crooked piece of sh*t Fortune Mojapelo and was serially abused by the likes of that moron Alfachump and his acolytes.
RIP Bushveld Minerals.
@Tobethebest
Because AIM is now infested with amateur traders who couldn't give a monkeys about they companies they're invested in. If they think there's going to be no news for a month, they'll sell. These days, trading platforms are just another branch of Paddy Power, inhabited by thickos.
What happened to the monthly investor calls that CC promised?
@wildtiger
How does the AI know whether Acacia is going to stump up the £3m it owes or whatever else BMN hasn't told the market?
He's probably still buying HZM.
I'd be interested to your rationale for buying BMN at this point. You'd get better odds playing a fruit machine.
Get the feeling the next RNS will say closure of operations. BMN cannot survive these prices and will be broken up, sold off and delisted.
What will precipitate a 44% rise in vanadium prices when China's property market is undergoing one of its worst slumps in modern history? Not VRFBs. Question is whether BMN can hang on until sentiment there China, but that's not a race it's likely to win.
Could BMN pivot to selling electrolyte at full capacity. No. It's struggling to get one or two customers to place orders. Problem being, China has its own supply and VFRFB uptake is almost non-existent outside of that region.
If you don't like wyndrum's posts scroll on by or shut up. He's not going to influence anyone if that's what you're afraid of.
Ordinarily I would expect directors to buy to show their commitment, but why should CC buy? He's clearing up FM's mess and there's nothing he can do at these vanadium prices other than asset strip the company. Why would anyone expect him to buy under those circumstances? If he saves BMN then implements a plan for growth that requires shareholder funding, I would expect him to back himself buy.