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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.
Yup ... lots of factors... and the west's general economic malaise is not helping.... no sign yet of an economic boom again. Needs a lot of infrastructure growth to drive it
Or a few big flow battery orders needing electrolyte .... cannot see Belco being anything but shut down at the current rate
Good .... what would it take ....
Arguably the range of Costs are around $26.5-28
A BMN attributable production out of 5,000mtv of 75% of that (half of Vanchem will ultimately be SPR's) gives circa 3,750mtv
An av sale range of $40-$45 gives a margin range of $45m-$70m
A PE range of 6-10 (historically low in mining) gives a target price range of 8.0p - 20.5p (less when you take any other/royalty costs off)
As Craig said in a previous IM, at $40+ the company literally prints money
So yes... so long as there is enough cashflow to keep going until Vanadium pricing rises substantially again ... every change of 14p and more
Good news from Sainsbury today on profits ... without re-reading, I seem to remember that rents had a floor but also an index to profit... so good news and a nice bit of blue today
A friend just pointed me to this .. interesting read up... like you @Fincent, I sort of question where the dividend was. But it seems still quite early (perhaps a year or two away yet on first glance). But their website rather makes the strategy clear:
https://tridentroyalties.com/about/strategy
"Trident believes that the acquisition and aggregation of individual royalties and streams has the potential to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio, including diversity as to geography (lowering geopolitical risks) and commodity exposure.
Once scale has been achieved, the Company expects strong cash generation to support an attractive dividend policy, providing investors with a desirable mix of inflation protection (through exposure to commodities), capital growth and income, with returns enhanced through conservative levels of leverage."