Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I thought he was pretty straight talking .. a couple of my questions not taken, but basically without a substantial capital injection (my guess is £15-£20m) then getting to the point they are expecting Vanadium pricing to start decent rises ( this time next year) will be pretty much a non starter.
Since June last year vanadium pricing has dropped by over 30% (from a modest level as well)
In the end, his point was that both SPR and to a much larger extent Orion have put a lot of money in and would stand to loose a fair chunk of it. They all agree Vanadium pricing is historically low and see the cycle reversing ... do they want or have the cash to make the substantial returns happen
Survival must mean substantial dilution. They struggled with a fund raise at 3p. Not sure how successful one would be at 0.65p ... basically a 50% dilution to get £15m ... right now I would vote for that.
Frankly though, I am not that hopeful.... buggering about for fund raises is a distraction. If Orion et al cannot see the monumental change done at Vanchem and see what is coming at Vametco then we are stuffed.
Dead and bust in 2 months or has funding to survive and thrive are the two options I see..... and SPR will loose a lot. They do not have Mokopane or 50% of Vanchem and their loans to date are unsecured .... would they survive ?
As for Belco .. hand washed .. that place will close soon I think. the IDC won't really want to fund much more.
A good IM, but really just says .. if someone does not pony up a lot of working capital very shortly, then will the last one close the door on the way out
Largo also haemorrhaging cash and have been for months.. on a time limited mine. How much longer before that halt for a bit .. and if BMN is gone and Largo suspends ops, that is a lot of USA supply gone .... China would love that !
Well the interesting thing was it was a 6 day wait for the IM .. might have expected it thur or even friday ..... But the cold reality is that the company needs to secure working capital pretty much equivalent to its current mcap to survive into next year at current vanadium prices.
In January, Lemur was all but sold (just needed BoD approval he said)... there is the value of the Cellcube holding .. neither will be massive, but a decent level of W/C... and the cost measure seem to be working well,
Everyone seems to agree Vanadium pricing will rise .. just can we limp on until then ... its a pure punt right now
ATM went off over 6 years ago ,... it has yet to make any real money and has had both investment and a whole load more coming.
Like many, I was pretty disappointed at the dilution we got in shares, but FM and mini-me were dreaming of energy rainbows and positioning as an integrated energy provider. remember that Belco plans were changed and scaled to meet the expected BESS requirements that were largely going to be paid out of free World Bank money. They cosied up to Cyril but totally underestimated how weak he was.
CC was an is right to focus on mining first ... but lets not delude ourselves there could have been the resources to keep and expand ATM. There were not and given that ATM (tin price spike aside) is a year+ from really making any money and that would be over 7 years.
Mining is hard !
From Ryan .... should have a positive effect in time on US steel making
Biden to announce new duties on steel and aluminum from China
ON APRIL 17, 2024 BY ALANPATRICKRYAN
President Biden is expected to announce today that he will triple some tariffs on certain imports of steel and aluminum from China. The product tariffs, which are now 7.5%, would increase to 25%; these items were not initially included in the Trump 25% duty. He also wants to work with Mexico to block Chinese steel from coming through Mexico. Other Chinese products will also be subject to higher duties.
Biden’s announcements will be made at a USW convention; the union is pressuring the Administration to take action. The effect of the new duties, however, could result in higher prices—and inflation. However, Chinese imports are an easy target.
No TB .. you didn't ... I just laughed privately with some other folk about your dim figures and what you missed, assumed and frankly made up ... but each to their own .. and no .. I won't be sharing ...
Keep up the entertainment though ... I am so depressed ... its all failing ... we are doomed ...
In the end .. we are past a certain point .. either CC has done enough and it flies .. or everyone looses their shirts .. go sell .. hold .. just stop whining about it
You say nothing new .... it has been clear to even those with only 5 brain cells that the situation is poor and requires Vanadium pricing to rise .... you are just a broken record
I can only hope that I am able to free up some investments early enough to buy in (earlier than planned)... the drop seems based on asset valuation changes in property from the little I read... but the income is not just 80%+ (and arguably higher) guaranteed, but index linked and partly incremental on supermarket profits ... which just went through the roof.
Not sure I see a lot of risk here if just wanting income, or to re-invest the dividend.... please don't recover just yet !!
Which is I guess why CC has rather stated clearly that he is not interested in it .. focus and concentrate on mining
But hey ... you keep adding value ... red crayon next time
And this is a buried link banging on about how Elon is worried sh&tless (yeah right)
.. https://secure2.angelpub.com/o/web/697521?_gl=1%2a1upky29%2a_ga%2aMTUwMjM5MDE0MC4xNzEzMTk2OTEw%2a_ga_EC9PKLT0JS%2aMTcxMzE5NjkwOS4xLjAuMTcxMzE5NjkwOS42MC4wLjA.