just been testing the waters with some dummy buys and sells (somthing i have not done in quite a while). At the moment i am able to get a live quote above the stated bid to sell 1M shares. when i used to do this some time ago i never managed to get live quotes over 250k shares. is this normal these days?
In the words of Homer Simpson: Doh! Cheers SOTRR & Alfa. Interesting that they seem to be trying to follow in our footsteps. Our own MOU with UET was signed pre any mention of Vametco so we were in a similar position at that time. I doubt AVL will be able to pick up V plant bargains as we have though.
firstly apologies if this has already been posted. I know there was some interest in who had licences some time ago. Having a look over AVL it seems they are pursuing the vertical integration angle too (although from memory still with significant costs between them and an operating mine / plant). It does seem however they have struck up a JV with a co with a licence for PNNL electrolyte (RNS 13th May) :
"UPS (Ultra Power Systems) is a private company which has secured a licence to Pacific Northwest National Laboratory’s (PNNL) generation 3 vanadium electrolyte production. UPS is the only company outside the United States to obtain this licence, which is the third and final licence in the world. The generation 3 electrolyte has a higher density than the standard generation 1 used by most VRFB manufacturers. This
allows the product to have a smaller footprint and operate in a wider temperature range without the need for heating and cooling, from -40°C to +50°C."
Hopefully some agreement may be worked out to allow BE to use or produce this 3rd gen stuff too.
from memory it was the processing side of Vametco that was the bottle neck not the mining side. perhaps vametco will become sole Vanchem supplier pre mokopane boosting Vametco profits although perhaps Vametco is already supplying Vanchem with ore....
Just picked up a grands worth at 23.945. This price is silly for the cash generation and potential short medium and long term. Then again 30p was a silly price too and 50p still vastly undervalued us. This will turn its just a case of when.
For reference full £20k Bed and ISA completed with Halifax today. Done by phone and put to their dealers to try and get the cost of the spread around £50 vs live spread of circa £600 at the time. Was advised they are very busy and would go through today or tomorrow..... but "hopfully today". 2 Hours later and it has gone through PTM of £1 on both the sell and the buy, commision of £25 on the sell only (normal online fee is £12.50 per transaction) Sale price 32.5p Buy price 32.5568p. Shares lost in the process: 191, (however this includes shares sold to cover commision/PMT).
If memory serves the surface ore at Brits is weathered and may be easier / more efficient to process. So either supplementing Vametcos ore or perhaps temporarily even being used in preference could be an easy route to increased production without immediately increased capacity. Memory and opinion only.
@Alfa can I query your comment concerning dividends being paid into an isa being taxable when taken from the isa? I am not qualified in the field but this was not my understanding of the situation. Can I ask if this information was from your own research or tax advice received from a professional at some point.... Or have I mis understood your comment? I has seen a number of references including the one below which www.moneyadviceservice.org.uk/en/articles/stocks-and-shares-isas/amp any benefit within the is a wrapper was completely tax free.
Not sure if this has already been posted as it is a few days old
I note from the graph that Sichuan region has seen a dramatic fall in stocks held. If these stocks were being fed into the market over the period described they would presumably have acted to supress the rise in the vanadium price over the period, however in the same period the vanadium price still in fact rose at a very healthy rate. China already released their secret store of Vanadium into the market a couple of years ago so now with stocks at a very very low point in China at least will the next rise (from what I have read expected in Feb after the new year) be even stronger?
It is perhaps interesting to note that within the Sichuan region is a city called Panzhihua. I have read that Panzhihua is considered China’s centre for vanadium. According to wiki Panzhihua Iron and Steel Group is the largest vanadium product manufacturer in China, and the second largest in the world. So I wonder, how big is the second largest vanadium producer in the world? Some googling of this lead me to BMN’s Vanadium 101 presentation and page 39 (www.bushveldminerals.com/wp-content/.../Bushveld-Minerals-Vanadium-101_Final.pdf) which advises Panzhihua group output is/was circa 22,000 mtv. More importantly however what the slide focuses on is the fact that the producers listed are co-roducers who are reliant on steel production and steel pricing so they cannot just increase their output of vanadium if they wished to.
Interestingly the start of the decline of the stocks of vanadium in Sichuan also coincides very roughly with the rise in V prices (so perhaps selling into the rising market) and also very roughly with the period of environmental inspections that took place in the region beginning August 2017, (so perhaps some production was never restarted.
Some conjecture, but what is not conjecture is that Chinese V stocks are down over 88%. If anyone has any other info or thoughts on Panzhihua region I at least would be most interested.
Happy New Year All!
Ophidian has been here for a very long time and only relatively recently begun to post concerning EW. With news due it would seem risky for any LTH to trade more than a small percentage of their holding for any reason. On the whole I suspect this would be done to accumilate more stock into stronger hands than to cream profit. People will be trading based on EW and other criteria regardless of such posts and anybody trying to trade on such things with no understanding is likely to loose out. Ophidian has explained himself in the past and for me at least (with due caution) that explanation sits happily. You too Cinder, when accused of excess negativity in the past have explained your approach and posting. Just curious though if there are any other members or price predictions that have riled you and you would like censored?
Ophidian, I like your dreams. I am soon to encounter some CGTable transactions... I wish you frequent and happy dreams in the future. .I shall however investigate an think further in daylight waking hours. Atb Concious
@ Tyfoon. I note you often post articles from local (SA) press, which are appreciated as otherwise I suspect we may not come across them. I agree positive moves are being made but am fearful due to the social, political, and financial clout of those (and their associates) that we know/suspect to be involved. Can I ask whether you are on the ground in SA? I spent some time there a few years ago traveling north to south and it was interesting to get a passive feel of opinion there at that time. I certainly hope for all that Cyrils approach continues to bear fruit in progressing SA away from the Zuma years.. ATB, concious.
A bit late to this thread but it does seem a reasonable concern and I am surprised it didn't recieve further replies. Cyril has certainly been positive for SA and for our investment in BMN but he is one man and must be walking a tightrope, one I suspect he will continue to need to walk for the foreseeable future. As I see it Zuma will still have influence in some areas of the ANC and the more Cyril tries to clean up, the more people he will upset. I have to accept that some may go to extreme lengths to save their bacon. If this time next year Cyril was not President of SA I think we would all see much greater risk to our investment here. Nationalisation under Cyril I don't see, but Cyril must be at reasonably great risk both personally and politically on a day to day basis. I certainly hope for SA that he can continue to carefully walk his tightrope and lead SA to prosperity.
15:44 on 24th October was in fact a buy at 1.07 (my buy). A Minute later the cost for £500 or more worth of shares was 1.075. Interestingly a few minutes after my buy at 15:44 the offer to sell circa £1000 of shares was 1.071.