The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Richken - I appreciate that you are trying to be optimistic here, but unless there is some solid justification for stating these dates then I think it is probably best not to make these sorts of estimates. Before you know it your estimate will become an expectation, and then give more ammunition to trolls and shorters if / when it doesn’t happen.
Lionel - thank you for going to the time and effort of pulling all those replies together. I guess that although it is a substitute threat there are still significant barriers to entry for any company that might be considering a switch from vanadium. Agree with Alfa that given this is referenced by BMN as a substitute threat it would be good to have the detailed responses below on TBP. Definitely helps to give a more balanced view to potential investors.
Apologies clarkgriswold, I have not seen the discussions relating to this topic and don’t fancy my chances of trawling back through the thousands of messages to try and find it. Is there any chance somebody could enlighten me, perhaps without being quite so dismissive and condescending? I am a legitimate investor asking a legitimate question based on reading the presentations that were made available today, and would be grateful for any guidance.
I was surprised to learn from one of the presentations released today by BMN that Niobium is a viable substitute for vanadium in the strengthening of steel, and becomes particularly viable when the cost of vanadium becomes 2-4 times higher than Niobium, as happened in November 2018. Is it possible that the high price of vanadium in Q4 last year caused an increased uptake of Niobium which has in turn caused the vanadium price to return to its current levels? Obviously if BE is as successful as we all hope it will be, then Niobium becomes less of a threat to our business, but in the meantime this seems to be a legitimate factor that could limit the profitability of BMN. Is this a fair analysis? Can someone explain if I have completely misunderstood? More than happy to be corrected!!
Alfa - the daily trading analysis is so useful in understanding the otherwise incomprehensible fluctuations in the share price. It’s like a safety blanket when dips happen, reassurance that the dips are more often than not engineered by the MM’s and that despite the dips the fundamentals of the company remain unchanged. That you are documenting them all on TBP is an incredibly useful resource for us all, so thank you and please keep ‘em coming!
@Elad72 - I've read it all, and i understand that the reduced volumes are from the industrial action which is now resolved. There is however also reference to lower than expected grades of vanadium. I don't see this as a huge issue now, but it does create some uncertainty about the quality of the remaining reserves.