Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
On which date would you have binned Fortune exactly, now you have the benefit of hindsight to make a good determination.... Would it have been before during or after the excellent deals he struck that built the company?
Would it have been on the climb towards 50p when Vanadium prices were riding high, at exactly our highest price or in the period of the SP decline?
Would it have been whilst we were waiting for long delayed items of news, delays which were outside of the boards controll?
Would it have been as COVID struck, As the ramifications of Brexit started to effect prices on UK shelves, As a past PMs policy screwed the UK economy, As wars started, As globalisation decreased, As interest in investment in LSE declined.
Your comment is simplistic in the extreme.
Hopefully CC has better luck with factors beyond his control and the roadmap he has laid out sees us all able to exit with a good profit.
Agreed, but I would also add in the macro environment generally. It's bigger than just our sector. Though the comparison to Largo is useful. We aren't down where we are while other V producers are flying high, we are all doing badly.
Vanadium prices will rise again
-China is still backing grid scale storage, some other nations will follow in this.
-A multitude of nations will be increasing defence spending and this will trickle down to an increased demand for strengthened steel
-There are (sadly) areas of the world being demolished by war which will need rebuilding most probably using a lot of rebar.
-China is again upgrading it's re-bar standards which will increase the quantity of V used in rebar.
These are all demand side factors any and all of which will encourage the price of V upwards.
If anyone had some in place prior to the suspension it may be worth a look at them... I'm sure no one else is as forgetful as me, but I only remembered mine yesterday and have now cancelled them all ??. I had put a ladder in place to take advantage of upward swings, but that was based on what was happening then and it now looks like we will gap up significantly on open.
Historical data showing the opening price on Mon
15th Feb Vs Friday 11th Feb when the Value of RASA was removed https://m.uk.investing.***/equities/evraz-historical-data
I wondered the same... It seems the record date for RASP shares was 15th Feb. Close to the 15th the SP dived £1.50... but with everything else going on that could have been due to sabre rattling. If anyone knows better please update.
Perhaps prudent caution, and each day there will be a list of EPICs on the risers board. However historically, following periods of lack on news we have then been provided a deluge of interconnected RNS that have shown us what was happening behind the scenes.
I could move my investment elsewhere and might make money elsewhere, but personally I am completely comfortable leaving my investment in BMN and adding to it when possible. I know the history and I know the potential. Each to their own.
"One of the red flags I ignored in my original investment risk analysis was Fortunes lack of experience in running this type of operation and that has cost me 3 years of lost investment opportunities elsewhere when I could have deployed the capital to greater effect."
Just to be clear, youre saying that your own choice to ignore a risk (as you appraised it) is what has cost you. So you have caused cost to yourself by taking what you knew to be a risk? But a risk that at the time you wagered would be worthwhile and through which you would reap great rewards... But having not gained great rewards in hindsight you think you made a mistake.
If you've had to sell at a loss, then I feel for you, but it's the risk we have each taken when we clicked "buy". I wish you better luck in opportunities else where.
Interesting to hear of BCN, watching their previous incarnation rise dramatically one summer was what caused me to start investing. Many moons later I was here to witness BMN do something even more impressive and rode it all the way up, adding along the way and all the way back, still adding. Hindsight is a brilliant thing. I am surprised that big ticket news items have come and gone with little to no effect on the SP, however many of them had been long expected or guessed at thanks to the research contributors here have offered.
I suspect there will be many like myself who (on the most part) quietly hold and add when they can because their research leads them to believe BMN will make them a good profit. Equally, there will be those who have sold down/out in periods where no news flow has been expected so that they can invest elsewhere and probably sit on the sidelines. I look forward to a day when we move off AIM, and attract a larger proportion of longer term investors.
Tomorrow both plants could explode, Madagascar could be washed away by a tidal wave, and a big meteor could hit Mokopane and Vametco (the area has formed, even if a long time ago). Equally, we might hear that Sinohydro have offered to buy us out of Lemur, that the deal had been being worked on for the past 3 years but delayed due to COVID. I don't think any of those things will happen tomorrow, but my investment is betting on the latter being more likely in the extreme than any of the former. I am happy with my investment... And that's having been invested in a miner wiped out by Ebola, a miner who's railway got washed away just before the rolling stock was delivered and a couple of others where a carriable loss was the only perceivable positive.
My glass is half full, I just wish others here would refill theirs, in the mean time I add when I can.
You'd think if an MM had taken 1.3m at 14.75, they'd have been willing to fulfil my order at 15p between 16:15pm and 16:30pm... Or has that 1.3m already been churned through in the recent past in dribs and drabs and the buy price will increase tomorrow? Or those thoughtfull old MMs were looking out for me not wanting to sell me shares at a price which they knew would be lower tomorrow, ( I have to admit they have never been thoughtful like this in the past) I'll wait for an indication just after 8am tomorrow.
Annoyingly it seems they locked up 10 minutes or more early today, couldn't get a quote via Hfax even for £50 worth, let alone the 30,000 quantity i'd have liked. Oh well, tomorrows another day, if the price is back up then great, and if its not, i'll have some more at a silly bargain. Seems a lot of my watch list is red today, but not the broader markets or sectors, just one of those days perhaps.
190% I admit wouldn't be bad, if I was unhappy with the company, wanted out, or had other equal opportunities elsewhere, but those few I mentioned in my earlier post will have witnessed over 1000% even up to 2500% depending on their average and held firm for somthing better. Our share price at the moment is depressed and we may see lower than today in the future but broadly speaking I only see us heading in one direction. Completely ignoring batteries and our other assets, Vanadiums use in re-bar will remain steady or improve as governments demand a higher % of V in the rebar, and as the use of re-bar itself (I think) will increase as countries invest in infrastructure post covid. Last I checked we are responsible for about 5% of worldwide vanadium supply and have a reasonably clear relatively low cost route to around 10%. As I say that's ignoring batteries, iron, coal etc. That's my reasoning anyway... Well and the batteries.
I strongly disagree, many long term investors know what we are sitting on and have already endured the pain so I expect many would hold out for a better price. Also the shares held by the "many" you mention might only be equal to the shares held by a "few" longer term investors. If there were a bidding war for us though things could get interesting. I also can't see Fortune recommending a low offer or infact almost any offer untill he has developed the resource to a point where it should achieve good value. Seperately if an offer were made for us wouldn't the share price move towards the offer price so I'd imagine those happy to sell out at 40-50p could do so in the open market.
Google it seems has got my number, today it recommended another video on Re-bar.
I have been lucky to benefit from the thoughts, ideas, and research, of others but cannot recall alternative reinforcing bars being mentioned other than Niobium's use as a strengthener to steel.
From what is portrayed in the video (and a bit of side research) other types of rebar will not be competitive in the future which may concern us, however corrosion of rebar in concrete is an accepted issue as I've witnessed from the damage and works on elevated road sections locally.
I post it simply because I had no awareness of alternative concrete reinforcements, and concrete reinforcement is currently a big bit of Bushys business.
Cue the lights... and run the annoyingly commentated video.
https://youtu.be/thUZImUTZn0