RE: Price29 May 2019 09:54
1/ 2
Got some <1.55 yesterday morning and currently plan to hold until next year at least.
Principle commodity exposure shifting focus from pge to vanadium but with some continued exposure to pedra brancas pge ounces - to me improved upside potential, shift from late to early stage development however increases scale of likely future dilution.
Jan share price in the short term, assuming deal goes through, now appears of little importance at least less important c.f. with that of valore, imo.
New exposure to high grade Canadian uranium projects close to athabasca basin with section 232 decision from trump likely by mid/late july. If canada is included beneficially in the deal (likely imo US has insufficient supply for short term satisfaction of 25%) valore sp should/could see a boost.
Low mcap at present with incoming non dilutive cash to progress apparent large V asset. Would BM have done this if he wasn't positive about that asset creating relative shareholder value (69.5% of shares not in public hands)? Given the unknown dilution of the receivable valore stake going forward, I doubt it.
Vanadium price being lower at present is better for developers c.f. producers apart form the disinterest from providers of capital (Jan have incoming cash if sale goes ahead). The lower the price the more economic vrfb are and the greater the scale of their production and concurrent iterative price reduction per kWh. The future demand and long term average price of vanadium will likely be more stabilised and be higher if/once vrfb grid scale energy storage market penetration becomes dominant. China gradually enforcing the rebar standards of Nov 2018 over 2019 and 2020 should gradually increase price, 10 to 15 usd per lb range is my bet for mid term equilibrium. Those prices should give incentive for development and finance of several new vanadium mines around the world. If vrfb do prove dominant then multiple times increase in demand is possible for years to come into the next decade/s.
https://mastermines.global/articles/vanadium-2019-taming-the-tiger/
Number of shares jan get - fixed at 25m. sp of valore - not fixed, the higher it goes in next 100 days or before the placing/ acquisition, the lower the attendant dilution to the 33% Jan stake. Section 232 decision and pedra Bianca dfs release prior to 100 days from today? - so this could work out better than it may appear today.
'Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totalling 43.3 million pounds U3O8. ValOre's comprehensive exploration programs have demonstrated the "District Scale" potential of the Angilak Property.'
Been watching Jan for a while, this one was definitely very left field. No ideal where sp will head short term with yesterday being such a shock.
AIMO
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