Member Info for Daisan

Interesting to see the B&Is going through. Lest people forget, this is not new money coming in and because the trades tend to be at the bid it would appear that the market has been dragged down with them as sellers are drawn in (whether normal or short sells). Time will tell at what price this will stabilise but we are currently right on the 200dma. The market could do with some more positive news on the Vanadium side (I do not see BE releasing anything in the short term that will move this).

Headancer, I don't think that will be the case until much more material news comes out of Lemur and BE I.e. directly cash generating. A Lemur sale will do it as would BE winning a portion of the SA tender. Until then I believe that it will be largely driven by news on the Vanadium side.

I am not sure why the Vametco resource is considered significant. There is enough defined already to keep the operation going for decades. My view on this was that it was more for optimization of the operation. As a producer, resource statements become less significant if there is enough already for a LOM of 7 years or more.

I would say a bed and SIPP as £40k is the maximum annual allowance.

Yes, interesting. It may be that we have a significant buyer.

It looks like somebody sold as can buy 125k shares on HL now.

Amazing. Still can't buy more than 150 shares. What kind of market is this?

An exaggeration! You can buy a whopping 150 shares on HL! 151 though.......

"fill yer boots"

Maybe we should have cliché Friday.

Not published yet but you appear to have caused a tick up.

Fosters100,

The English language is a wondrous thing! A shame that most people use so few words.

Pigpen70,

True. Smaller sells can fetch 34.075p currently with buys at 34.4p.

There are more than 3 sells but they are shown as buys owing to the spread at the time. However, there is still a preponderance of buys today.

1onic was suggesting that the spoof was by NTOG rather than BMN. And that is the last time the two should be mentioned in the same sentence!

I confess I didn't even read the article 1onic but agree with the sentiment. NTOG and its executives are not exactly paragons of virtue.

This is just following standard disruptive technology processes. Any new technology doesn't just have to be better it has to be radically better in order to justify capital spend to replace the existing capital that has already been spent on the technology it is replacing. So, if batteries supplying an electric vehicle are struggling to beat a range of 250 miles and something with 300-400 mile range comes along for a similar price, I suspect that it will not supplant the incumbent. However, if something comes along that delivers 1000+ miles range and/or is a third of the price then it stands a chance of doing so.

The article focuses more on electric vehicles than grid level storage but you will note that there is a concern expressed around grid storage usage or Li ion and this is not really addressed in the article.

Technologies come, technologies go and Li ion will eventually be hard pressed by the next technology. That may be just for existing niche applications, emerging applications where it doesn't currently dominate or across the board but it will ultimately happen.

I am sure that he is slapping his forehead as we speak on seeing the one flaw in the argument. I am pretty certain the practice takes place however.

Sanchez599,

I was not suggesting that it was a 'crude suggestion'. I was merely suggesting that there is nothing to suggest that the lack of information relating to the resource statement and the dividend announcement were linked to a big announcement in the works. I did also point out that there must inevitably be a big announcement at some point if they are to realise the ambition outlined in their statements over the last year or so.

I am not sure that we can put two and two together so easily here. The lack of communication around the dividend and the resource statement is not necessarily related to big actions going on in the background, in fact I suspect that they are more likely due to the fact that the company had just not managed to put things in place in time (this is almost certainly the case with the resources statement whilst the dividend statement is more curious).

One thing we do know for sure is that they have been banging the brownfield drum for a long time now and to such an extent that they will look just a little daft if this just disappears with no activity. Add in the fact that they are committed to a 10,000mtv production rate in the 'medium term' and this must surely mean that there is something significant in the offing at some stage, we just don't know when. However, given the nature of the Vametco purchase it is very likely that it will be produced like a rabbit out of the hat and take us completely by surprise whether the tone of the board here is positive or negative. I would hazard a guess that such an announcement would be received reasonably positively.

A positive start that hasn't been immediately slammed. That certainly makes a change from most of the trading sessions over the last few weeks/months.