Member Info for Daisan

Agreed. It is an obvious target point for some and the infamous round number resistance has to be climbed. However, I though the same at 30p and 40p and there was barely a pause. 50p is even 'rounder' but the interest seems phenomenal at the moment.

If 50p is taken out on strong volume other barely a pause, there is little evidence to suggest that round number resistance is proving much of a resistance at all currently. But I suspect that £1 will prove a little more.

Faramog,

I agree.

Hi James0309,

No it doesn't - just operational costs. But it is likely to be an over estimate for these as the production profile rises.

Thank you for your informative post.

Mikhail is a great speaker.

I don't think they are a shorter, Winnifrith accolyte or anything else that is seeking to benefit from a falling price. According to ADVFN he is doing it for a laugh (according to someone claiming to be behind these different identities).

I think I just gave you some information that would allow you to work that out.

There are many factors affecting the share price. Clearly sentiment is positive (this is what directly affects the price) but this is based on the Vanadium price, current and future production numbers and the potential for delivery on the other assets of the company. Of course EBITDA is directly influenced by these first things and this number will be influential in the price going forwards. I think that it is clear that the EBITDA figures will be very good if the current rate is maintained for an annual period.

I have my own forecasts and have shared these on occasion but it is easy to work out based on a production rate for 2019 of, say, 3600 tonnes (for a margin of error), $120/tonne average Vanadium price (currently higher) and $20/tonne costs (likely somewhat lower based on higher production rate). I'll let you do the maths! :-)

(Not EU/Brexit related).

There is a noticeable change in the movement of the share price which is presumably reflective of the lack of a large seller, either of shares or warrants. It is refreshing to see a price that is reflective of normal supply/demand.

It's playing out in a way that is very consistent with a non-Chinese buyer's strike as discussed previously. As the price discrepancy increased, supply from China dried up which meant more supply for China and less elsewhere. This results in the Chinese price stabilising/drifting and the non-Chinese price rising which is what we are currently seeing in these figures. Ultimately there will be parity or even an overshoot by non-Chinese locations.

There is still insufficient supply to satisfy demand so once the market rebalances we should see a resumption of the rise unless there is a new source of supply (there is some minor supply coming online from a US source). Personally I am looking out for evidence of stockpiling over the last few months which may have contributed to the rise and may dampen future rise. At the moment I am not convinced that there is much of this but sharp rises always attract the vultures.

Ho ho ho! (Well, it is approaching that time of year).

This is, of course, forgetting a small company that goes by the name of Glencore.

Really enjoyed my visits to NY. You should try the subway. Much maligned and primitive but my experiences were positive and avoided the gridlock.

I didn't realise that you are an Ayn Rand fan Alfacomp.

I did my 3rd year undergraduate thesis on chaos and strange attractors (a long time ago). Fascinating area of study.

What would be really interesting is a plot of page views against market volume and price on a daily basis. Is there a clear correlation? Is there any form of lag? I tend to think of things like number of tweets or posts on bulletin boards as indicators of momentum and tops (local or otherwise) so it would be interesting to see whether this is the case (the data presented here may be indicative of this given the rise over the last few weeks).

Any source of information is useful so I will add it to my list. I think I had seen pretty much every article referenced but some of the company news was new to me. Thanks for sharing this.

I of course am a dedicated reader of chemicalwatch.com. (No, I am not really:-))

Apologies. Try doing a search for "vanadium contamination" and clicking on the top story, which is the link for this article. Going via this route seems to allow access.

I have not seen this mentioned previously:

https://chemicalwatch.com/71715/uk-scientists-give-vanadium-contamination-warning