RE: Recap of upcoming News24 Jan 2019 07:57
I suspect that if Vametco exceeded 800mtv for Q4 that this would move up strongly. For me it would be singularly the most significant news (other than the dramatic rise in the price of Vanadium) since we bought Vametco as it would be indicative that the latest phase of production improvements was kicking in.
I am not expecting it. Even if the report that October's production levels prompted a congratulatory note from management to the staff at Vametco with the suggestion of 260 tonnes for the month,that would still only project a rate of 780mtv for the quarter and that presupposes that there was no reduction over Christmas. I am assuming 703mtv for the quarter as it is the lowest level guidance from the company six weeks into the quarter. Anything more is a bonus, anything less is a failure to meet a target that was set half way through, which would make them look rather silly.