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Also interesting is that with the appearance of the traders comes an odd set of trades. 2 x 50k and 1 x 25k. That pattern then repeats once more a few minutes later. We have seen similar behaviour in the past. It may not be related, or it might. Coincidental to say the least.
Glad to see the board has had a cleansing of the vile posters from last night. It was a new low for the bb, and I can only hope that it doesnt happen again. The lows that some people will sink to in order to maximise their profits is truly unfathomable to me. Thanks to all the great posters today, especially jimbo for his very relevant post re debt.
And what if they were angling for a take over of Largo? They would I'm sure be willing to put up with short term losses in order to attempt to dominate the future of Vanadium. Which they have said in the past is their plan.
cos Glencore have never been accused of falsifying accounts or any illegal activity? And clearly they are not withholding stock currently. That would be counter intuitive with their offtake agreement coming to an end early next year. It's in their best interests to have it as low as possible so that they can try to bully Largo into extending the agreement.
Glencore have them over a barrel till the end of their offtake agreement. Glencore agreed to buy all of Largos vanadium, but it is my understanding that if the price goes below a certain level Largo must make up for that in cash payments. So Glencore have the ability to manipulate the V prices in europe being the largest trader by far. They buy all largos V for very cheap, get compensated for it, then withhold stock to send the V prices high and sell what they just took from largo at higher prices.
Unless you are claiming to understand the vanadium market better than all the world experts, there is no way that you could have predicted such a slide. You say that the sp is tied to V prices, well chinese orices HAVE risen and European ARE rising. The fact that BMNs sp has not yet risen despite thag proves your theory wrong. Your comments have no internal logic at all.
Brokers are sometimes brought in if said company is pursuing an acquisition. Fdev have mentioned it in the past as something they wish to do. It would certainly be possible with the fre cash flows generated from JWE last year.
Anyone who has met Mikhail can attest to the fact that he is doing absolutely everything in his power to make Bushveld Energy a major player in the VRFB space. Remember that until the electrolyte plant is built and producing they cannot actually begin trading. Does this mean that there are no potential deals that are being worked on? Of course not. If you think that Mikhail spends most of his day simply sat in his office awaiting approval of the electrolyte plant then you are very much mistaken. If you could tell me how they should deliver on that side of things, ahead of being able to actually trade within it, then I'm happy to hear suggestions. It may be a frustrating wait, but businesses don't just pop up in a few months.
LIION - I'm not entirely convinced a buyback is a good use of capital ahead of an acquisition and expansion project. They could initiate one, and I would welcome it if they did, but I'd also understand if they wanted to keep the money for other uses during this growth phase.
You know that the company has no control over the share price? They have released good news in abundance, and they ARE delivering on that. I take mild exception to this insinuation that they are not considering what they have managed to accomplish in such a short period of time. Aside from ploughing on with Bushveld Energy, acquiring Vanchem, increasing ownership of Vametco to its maximum, awaiting the Mokopane license and unlocking the value of the Brits recourse, what more do you think they should deliver?
I'd also say that whilst the acquisition of Vametco was significant in getting BMN into the vanadium market, the coming acquisition of Vanchem will prove ultimately prove to be even more transformational. Not only will it allow BMN to increase production significantly over the next 3 - 5 years, it will also enable them to diversify their products. It will make them one of the most diverse producers of vanadium products in the world. It is the key to unlocking the value of Mokopane ahead of a greenfield plant at that location, and de-risks the entire business by spreading the production across multiple plants. It's hard to understate how significant this is for BMN.
He said he had MADE £2 million. As in that is his profits on paper right now. Not that he had sold. But of course you know this. Just continuing to stir controversy. As if anyone here needed any more evidence of your motivation.
Interestingly in the past Largo has released an RNS that they had noticed unusual trading behaviour. They have also been shorted, something which we have followed here with interest. I don't wish to carry on banging a worn out drum as it does no-one any favors, but the fact is that shorting has occured and had an effect. I witness with my own eyes, in real time, the sp being manipulated down by trades that were sized and timed to do so. Other's don't have to agree with me and that's fine. There could even be an argument to say that we may have ended up down here regardless of manipulation.
And whilst comparison with Largo is useful to a certain degree, BMN is an entirely different entity to Largo.