Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Error below - 1st link should be this : showing previous V price spikes & causes :
https://www.crugroup.com/media/3159/vanadium-prices-rise-by.jpg
On the subject of Vanadium Volaitily, I found this chart useful. It points out the previous 2 V price spikes in the 2000s.
Unfortunately, both previous spikes results in a settlement back in a trading range $20 - $40 /kg. The Novemeber 2018 spike was just that, a spike. Where the new baseline will be only time will now tell.
https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwimp6i4r8rhAhWxxYUKHQz8DAAQjRx6BAgBEAU&url=https%3A%2F%2Fwww.crugroup.com%2Fknowledge-and-insights%2Finsights%2F2019%2Fvanadium-prices-face-a-turbulent-2019%2F&psig=AOvVaw2xl996fE8r8WaWFv4ChTTY&ust=1555152151769463
The direct competitor to BMN is Largo Resources, with the Maracas Menchen mine in Brazil.
If you overlay the BMN 1 year chart with the Largo 1 year chart you get the same trend. I believe the SP is following the V price effects as per the Largo chart. too similar.
click below then select the 1 year timescale. Its clear, its the overall V market
https://finance.yahoo.com/quote/BMN.L/chart?p=BMN.L#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJjYW5kbGVXaWR0aCI6My43MDY1NjM3MDY1NjM3MDY3LCJ2b2x1bWVVbmRlcmxheSI6dHJ1ZSwiYWRqIjp0cnVlLCJjcm9zc2hhaXIiOnRydWUsImNoYXJ0VHlwZSI6ImxpbmUiLCJleHRlbmRlZCI6ZmFsc2UsIm1hcmtldFNlc3Npb25zIjp7fSwiYWdncmVnYXRpb25UeXBlIjoib2hsYyIsImNoYXJ0U2NhbGUiOiJsaW5lYXIiLCJwYW5lbHMiOnsiY2hhcnQiOnsicGVyY2VudCI6MSwiZGlzcGxheSI6IkJNTi5MIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJ0b3AiOjB9fSwic2V0U3BhbiI6eyJtdWx0aXBsaWVyIjoxLCJiYXNlIjoieWVhciIsInBlcmlvZGljaXR5Ijp7InBlcmlvZCI6MSwiaW50ZXJ2YWwiOiJkYXkifX0sImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwiZXZlbnRzIjp0cnVlLCJjb2xvciI6IiNlNTYzMmEiLCJldmVudE1hcCI6eyJjb3Jwb3JhdGUiOnsiZGl2cyI6dHJ1ZSwic3BsaXRzIjp0cnVlfSwic2lnRGV2Ijp7fX0sImN1c3RvbVJhbmdlIjpudWxsLCJ3aWR0aCI6Miwic3ltYm9scyI6W3sic3ltYm9sIjoiQk1OLkwiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiQk1OLkwifSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoiZGF5Iiwic2V0U3BhbiI6eyJtdWx0aXBsaWVyIjoxLCJiYXNlIjoieWVhciIsInBlcmlvZGljaXR5Ijp7InBlcmlvZCI6MSwiaW50ZXJ2YWwiOiJkYXkifX19LHsic3ltYm9sIjoiQk1OLkwiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiQk1OLkwifSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoiZGF5Iiwic2V0U3BhbiI6eyJtdWx0aXBsaWVyIjoxLCJiYXNlIjoieWVhciIsInBlcmlvZGljaXR5Ijp7InBlcmlvZCI6MSwiaW50ZXJ2YWwiOiJkYXkifX0sImlkIjoiQk1OLkwiLCJwYXJhbWV0ZXJzIjp7ImlzQ29tcGFyaXNvbiI6dHJ1ZSwiY29sb3IiOiIjNzJkM2ZmIiwid2lkdGgiOjIsImNoYXJ0TmFtZSI6ImNoYXJ0Iiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkJNTi5MIn0sInBhbmVsIjoiY2hhcnQiLCJhY3Rpb24iOm51bGwsInNoYXJlWUF4aXMiOnRydWUsInN5bWJvbCI6IkJNTi5MIiwiZ2FwRGlzcGxheVN0eWxlIjoidHJhbnNwYXJlbnQiLCJuYW1lIjoiSlVDUTBCTjNUNSIsIm92ZXJDaGFydCI6dHJ1ZSwidXNlQ2hhcnRMZWdlbmQiOnRydWUsImhlaWdodFBlcmNlbnRhZ2UiOjAuNywib3BhY2l0eSI6MSwiaGlnaGxpZ2h0YWJsZSI6dHJ1ZSwidHlwZSI6ImxpbmUiLCJzdHlsZSI6InN0eF9saW5lX2NoYXJ0In19LHsic3ltYm9sIjoiTEdPUkYiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiTEdPUkYifSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoiZGF5Iiwic2V0U3BhbiI6eyJtdWx0aXBsaWVyIjoxLCJiYXNlIjoieWVhciIsInBlcmlvZGljaXR5Ijp7InBlcmlvZCI6MSwiaW50ZXJ2YWwiOiJkYXkifX0sImlkIjoiTEdPUkYiLCJwYXJhbWV0ZXJzIjp
BBN : week 19 ? we are week 15 are we not ? The sub $50 V price will ultimate pass through the accounting figures for 2019.
Fact is, Vanadium has a history of volatility. And now plunging V price can only negatively affect 2019 profits. All we can hope is better production figures.
BMN will not go bust, but falling V prices will push emerging small operators out of business. BMN will survive of course, and 1 day in the future the V price volatility will swing in shareholders favour again. But when...? 2 years, 5 years ?
I am here for 5 years. I'll still be mid 50s, and can enjoy the benefits. But others may not wish to wait that long.
Its all about personal risk.
Oreste...great, thanks!!!
https://www.crugroup.com/knowledge-and-insights/insights/2019/vanadium-prices-face-a-turbulent-2019/
Recent 5th april article.
It needs to register under a company email (not a personal email).
Anyone able to access it & post the details here ?
A quick look at Largo Resources versus BMN shows a trend. Click below & select the 1Year timescale.
So, fair to say the SP fall is a cyclical mining sector issue & not BMN specific ? In fact, Largo has fallen back more than BMN (I put that down to the 59.1% to 74% Vametco acquisition effect - so BMN baseline is now higher than previous)
https://finance.yahoo.com/quote/LGO.TO/chart?p=LGO.TO#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%3D
RNS 13th Sept 2018. BMN announced increase in Vametco from 59.1% to 74%. This resulted in the significant SP re-rate from 19p to 30p. We are now back at this level.
Question next , is will the SP now go below the re-rate effect of 13th Sept & drive into reverse the 59% to 74% Vametco acquisition SP re-rate effect.
a number of concerns creeping in here
RK. I already have my chosen charities. last year I gave 3,500 € over the year. BMN is going through a no news period and conversation is diverging into off topic. Our of interest, studies show most charity donations per personal wealth come from the poorest in society, the richest are the meanest, coldest . anyone beat my 3,500€ ( which is a meagre 0.13% of my net wealth) . I feel a little ashamed at that. how do others compare ? generous social consciences or selfish capitalists?
Pdub, you are 1 of the "lucky" ones. I am really pleased for you and your care. I have personal experience witnessing great NHS service, but sadly also negligence. in this BB there are a snall number of individuals (or family thereof) currently enjoying excellent NHS service. However, if that small number were in fact 100, or better still 1000 patients, we would see a clearer picture of the good and bad from a better sample. no-one on this BB has their head in the sand and naive not to read the horror stories in the press. . anyway...... BMN is why we are here.
roscon, I have worldwide sanitas (bupa) full medical care. oncology, everything, top level cover. Am sure many on here can afford that themselves and loved ones avoid the NHS . BMN has bought me private health cover
pdub. FACT. UK 5 year cancer survival lags european average. UK 5th richest country in world. something not right there. agree. total lottery in UK about quality. 1 person sings praises....as the next negligence case is quietly swept under the carpet. sorry off topic. but i seen Germany and Spanish superior health care to that of the UK. id rather be sick in Spain than the UK any day. each to our own opinions. I can only draw on my comparisons.
think the UK MPs are too busy having a civil war in parliament. besides, UK knife crime, homelessness, appalling NHS. Brexit induced chaos more important than a few cash wealthy capitalists with spare cash to gamble on AIM.
MassiveRay...this is not a dating site . I am here for BMN, not your health or vanity.
swampdub....well, considering by end of March, 5 weeks away from now, we should be seeing an RNS about the dividend policy, an RNS of H2 2018 financials, I'd say as each week passes, its getting more highly probable an RNS falls.
broncomv. ... well done on chosing BMN. I, like you, are hoping for a decent dividend payout out year to live off. a 3p share when SP is at Broker Target of 87p is 3.4 % dividend. Not too unrealistic.
1,000,000 shares paying 3p dividend is a nice £30k a year income
Valiant, thats a nice story you tell. May I be rude to ask how many millions (of shares) you are holding ? Are you 1 of the major holders , having got in at such a low price ?
Best Of Luck
Bobby, this,is the book Mark Chapman was reading at the time he murdered John Lennon. Maybe you should put it down, and read Viz instead.
Roscon, I certainly hope there are no MAMILS on this BB. ( MAMIL = middle aged man in lycra). The thought of them looking like this as they research BMN puts me off my lunch https://goo.gl/images/2NEHb6
IH...did they release you early on condition of a gagging order ?