Member Info for Daisan

So who is going to say it first?

I saw a chat with Mastermines relating to the low spot prices currently. I suspect that volumes are extremely thin and this is not representative of a true market currently, probably in the same way that the summer was not representative to the other extreme (as it looks like there was indeed significant stockpiling within the system). Give is a few months (after Chinese New Year) and we should see a more representative market.

Personally I am not looking for a step change in activity as a result of a JSE listing. Every other company I have seen that is dual listed with the JSE has had very little volume over there. It may be that BMN will be different given the nature of the company but the evidence that I have to date has not suggested massive demand.

This is often the way with these things - a big sell heralds the completion of the process and removes the overhang which allows the buys to be reflected in the price. It remains to be seen if we have more than one significant seller.

Ha ha! Love a good conspiracy theory.

Agreed.

Well, one thing you can pretty much say for sure is that if the Vanadium price continues to decline for the foreseeable future there are entities in China clearly flouting the law as that is the only way that the supply/demand imbalance is going to be rectified in the short term.

I think that saying "Wave theory is utter garbage" could probably be construed as "berating" those that use it!

I could just as easily say that cindercone is complaining about Ophidian predicting a wave 5 upturn because he has a large short open. And I would probably be no more or less correct that he is about Ophidian.

Each to his own so why shout out against it?

No idea why people are getting upset about somebody who uses a technique to predict share price movements over varying time frames. It's their life and others appreciate it so why can't you just accept it?

There goes the neighbourhood.

Oh dear.

Well, well, well. This is very interesting indeed. I doubt whether we will hear anything at all for a few months and then a surprise drops in. The Bushveld way.

The original question surrounding grade was phrased in a manner that was suggestive of a mine reaching the end of its life. Declining grades tend to be associated with this. However, it is clear that the issue reported was one of grade control rather than declining grade (a very important difference!) and I would be very surprised given the nature of the reserve (let alone resource) at Vametco whether it is anywhere near suffering declining grades. So I would put the declining grade bit to bed. However, the question of controlling the grade appropriately IS an important one and does need to be addressed in the latest quarter. Of course, a decent production number would be a fair indication that this has indeed been addressed but more detail would be appreciated.

The contamination of the electrolyte was clearly highlighted in the Q3 BE report, namely:

"the unexpected contamination of the electrolyte that occurred during the filling stage"

I concur with MarcoT. He is terrible and working in losing his first million. His TA is awful.

I wish them luck. I think that they are going to need it.

Hmmm. I would be disappointed if a policy was not announced. Remember we are talking policy here rather than dividend and it could be conservative to ensure that sufficient capital is available for whatever purpose. Not announcing would be counter to previous statements and, personally, I don't think that it is good practice to make these statements and then not deliver on them. I would add that I find it rather annoying when companies say they will do something in a time frame and then leave it to the last minute to actually do it. H2 2018 is 6 months not just December 31st!

That is negligible in the scheme of things and cannot be responsible for the drop -they are just making the most of it. There is clearly a decent seller to clear. Who that is I don't know but you wouldn't be surprised to see a rather large trade drop at some point.

Spinning off BE seems to come up quite often on this board. I cannot conceive of any situation where this will happen. It would be bad for BE and for BMN and would undermine the message that they have put forwards for the last few years. I am not saying that it will never happen but currently I can't see under what circumstances it would.

I would be amazed if that was true. I suspect that this will attract CGT. Not only that, but I believe that the amount you transfer may well attract tax if it is above a certain value. I confess that I have not looked into this for a while but I have it in my head that you can fund a Junior ISA and pension up to a certain level and gift a relatively small amount before things start being liable for tax.

Get some professional advice would be your best bet.

Plus ça change, plus c'est la même chose