Member Info for faramog

If I remember right, there is outline planning consent and space to build onto the dock-plan by a factor of 4 (so 800MW annual capacity). Once the first phase is up and running doing that should be pretty quick if needed

agreed YTSS ... there is a misguided view that what is said on this BB actually makes a great difference. It does not. There are way more and wider investors who do not frequent this or any other BB.... they go by the PR and news flow which (as can be seen by the SWS post yesterday are confused !).

There certainly have been the odd sole who has just ra-ra'd and ramped away and I cannot think who you mean (he is busy trying to get Boris to buy lots from his pharma investment across twitter right now). Although a tad irritating at times, pumping out the forward message and view is not a bad thing. As newbies come they do need to start to get the bigger picture. Those of us who have been here 4+ years know it and buy in, but from a cold look, it does rather look like a small one product miner is looking for world domination - the potential (starting to be realised) is that big.

The reality is that we will grow substantially and as (was it it Pdub the other day), pointed out, the number of relative revenue streams involved. As I said last week, it is a win-win investment: if VFRB falls away, we sell 8,400+ MTV into steel generating a very healthy net profit likely to be over $100M and a lot more if we sell half of it into VFRB. If the vanadium price collapses, we can still sell into VFRB that will be considerably cheaper than Lithium as a result .... I really only see some marxist takeover of SA and nationalisation as a risk... the revenue streams will start to flow next year and grow exponentially.

This is why I am buying a lot more to add to my 3.3M holding

just look at Royal Mail: EBIT reducing, Profit reducing, Cashflow reducing, ROE very much on a steep downward line...

But hey .... they shipped more parcels so lets up the SP by 24% ..... and we have ... mmmmhhh 2% !

yup ... will be slow to start, but as more is added the incremental profits and revenues becomes exponential

As FM ha pointed out repeatedly, the BE side will be worth way more than the mining side in the future... and the mining side is a 1B+ company in 3 years just on mtv output

yes Bassguy ... the key nub of the PR & Comms issue.... bang the drum !

a great summary of the vision for revenue streams there @pdub

Oxford hub is a model that will exponentially expand.... Yes fire risk lithium will be involved, but more and more vfrb... And more rentals.

All starting to come....

Well Investor, certainly been an interesting discussion of accounting views.

I am not an accountant so will just wait for the published ones, but I do think we are not in any trouble.

No debt (essentially)
Cash in the bank
Solid sales cash flow
A large and growing profit (controversial tonight perhaps)

Oh yes... And some other large things going on....

Whatever view anyone takes, been an interesting and respectful debate... A real change from the usual Sunday night furry slanging match

He he ...... Food fight !!!!

With current sales and costs at circa $30 and $17... An initial gross of 40-45%, there is no way we are not making a good solid net profit

And next year arguably at least an additional $10 per kg for the value add of electrolyte.

Just leave it there

It's the whole year that matters, but you certainly make an interesting observation.

I wish I had time to over the accounts and RNSs right now.... Your observation rather suggests what I don't feel to be the case: a more marginal business even with vanadium at $30ish

Interesting numbers James .. Just a point. Last year's figures had almost nothing from Vanchem. This year there is quite a lot and it is 100% with no royalties.

I do not for a moment think Bushveld is operating close to break-even only and still rather see a very healthy profit for the year. In past years, if memory serves it is H2 that has provided rather more bulk to the profit side

you did indeed

but it is not just dilution - debt reduces and the remainder will be invested in other ventures. This strengthens the balance sheet and creates greater operational income flows.

It is another form of Leverage really. I can sympathise with current investors, but for me it is looking much closer to the point of getting in

I have the impression this is the model for UKW as so much of the profit is returned as dividend. Fund raise for cash to buy, develop the asset. It almost feels like an REIT type

Still watching anyway - there will almost certainly be another big blip as the world markets cough post US elections and dire results + rising unemployment and repossessions start to happen ...

exactly Bassguy...

I am very bullish for the future and when a house sale goes through will be buying a lot more (these are ridiculous prices and after all, I do keep showing with a 9x increase in 3-4 years is pretty much inevitable just on steel sales alone)

But pipeline ... after living through the mythical vast RedT pipeline ... evidence and action is pretty well all I will believe. I do not accept that so much must be secret - you get out and bang the drum consistently

Rather more enthusiasm came from the questioners in the dial-in after all

Didn't really say a lot not published but a couple of thinks peeked my interest:

The first question was from a SA who was asking about championing the vanadium/VFRB/Renewables market in SA and basically saying it was still a bit quiet - get championing loudly (need better comms & PR for that methinks)

Other thing was at the end FM spoke of the numbers of CV cases: 31 at Vanchem and 3 at Vametco (all thankfully recovering)

no Introv, not scaremongering .... as I have not read the specifics and you have, just pointing out your lack of clarity:

"Convertible at the holder's option in two tranches of up to US$11.5 million each" ... you do not say '50%' of this.

So the total liability in shares is 50% of 2 X $11.5m = 8.6M GBP (at 0.5 current exchange rate) = 6% of the current MCAP. Your 3% comes from it being in two tranches, so the liability in Oct is 3% of MCAP... but if we just bubble along for another year then it would be another 3%. If we go 3X it would be 1%.

I can do maths ... maybe you should been clearer .. after all.. you read it and posted an analysis

have been looking at UKW with some other Renewables for almost 3 years as part of some long term portfolio planning and will be buying a decent chunk at some point in the next few months. I rather agree there is more economic shock to come and just as the price spiked down from 143 to 101 in March, I rather expect another spike - great buy in time.

So to share the basic analysis figures. I essentially made a fantasy investment on 2nd Oct 2017 and as of 5th Aug (when I last updated), re-investing dividends my annualised return would have been 12.6%. (On todays price of 135 I get 9.8%)

When I compare to the other 3 renewable's I track the same I get 5.2% for FSFL, 4.1% for NESF, 13.7% fro TRIG. All above inflation and fairly solid with an aggregate of 9.1%.

A solid long term investment that will generate a really good long term return

As for a spike down, well if that had occurred at my fantasy start time, then I would have made an annualised return of 27.7% and almost 24% overall ..... I am gathering cash and waiting for the blip to buy in, then hold, re-invest and leave alone for at least 5 years.

I have not had a detailed review of the RNS's, but on first glance it looks good for the long term, close down debt, generate cash to buy and grow.

$23m at the current exchange rate is circa 17.3M GBP .. that is around 11.8% of our MCAP .... so no a 3% dilution