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I guess as much for cost and practicality reasons, but also for control, IES pre-fill their containers prior to shipping. This does limit the amount of storage per container (because of weight), but lowers the costs overall and space is rarely a real problem with double stacking.
As the mishap (or filibuster) showed, it takes very little to cost a great deal !
Well .. it all really did look possible ... what we did not know of course was ... (already covered at length and now in the past) .... worth remembering that the '30p' equivalent mcap at a PE of 10 would need an eps of 1.33p (with 2.5b shares) .... a stretch but not a big one
of course .. after all the dilution.. that £1 rockets out (and i never subscribed to it) .. basically, if you have held 6 years you have (after all the orion splurge) then if we get diluted to 2.5b shares then what you had at the peak would need an equivalent sp of almost 21.6p (for an mcap of £541m), and for the 30p party equivalent would be 13.4p (that i do see as realistic)
i see no realistic possibility of that any time soon
but then again the picture looked ok until probably 2 years ago... even then it was all in hand
of course what did not see was
- vanadium pricing falling through the floor
- fm utterly incapable of mining detail
- we did not know how bloated the staff count was
- we suspected, but we're not sure mn was all **** & vinegar
- the kiln expansion & refurb plan was put on the back of a *** packet
- maintenance was a 2nd thought
we now know better .. and i for one, see a competent pair of hands at the helm .. i will not get back to the value i could have realised .. but hey ... it is all a learning curve
3 weeks I reckon.... As I understand it the SGM timing takes 3 weeks (could be wrong) so realistically 3 weeks until called
At that point everything will be in place and all parties bound (Chikka confirmed that to my query a few weeks ago)
You might have been trading metals for 20 years but your two posts don't really demonstrate a great understanding at all.
China has a large import tariff on Vanadium making it impractical for pretty much anyone to sell into china (this is no doubt deliberate to encourage home grown supply)
Not sure I agree that world vanadium pricing has essentially been dictated too by China for 20 years either. Lots of evidence of US led manipulation
China may have current oversupply, but that is because they have oversupply of steel and not enough rebar usage yet. But throw in the truly vast increase in VRFB and they could easily use 100k mtv a year in VRFB in very short order - their oversupply will just feed their own market.
Meanwhile, The USA is not allowed to buy Vanadium from Russia and is trying very hard to reduce any dependence on China as well: hence the growing sales from Bushy into the USA
I did wonder the saving for using s-l-a-g ... "it’s early days but coltman is nothing if not optimistic. “i’m very excited about this,” he says of **** that can be supplied at a third of the price of vanadium ore. “i have a plan.”"
The actual cost saving we shall have to see as that is only about a third (guess) of the process [ming, crush, concentrate, initial processing]
No wonder CC is bullish about it and easy to see why SPR are so keen .. they stand to make a packet
It is registered in Jersey .. I am pretty sure Jersey law is aligned as a UK dominion .... It is 3% as I understand it .. every other holding going above or below that has notified ....
If it walks like a duck, quacks like a duck ... its a duck !
Dr Google MoreCheese .....
https://www.bushveldminerals.com/lemur-resources-to-develop-coal-fired-power-station-in-south-western-madagascar/
https://landmatrix.org/media/uploads/lemur-holdings-bushveld-minerals.pdf
https://www.gem.wiki/Imaloto_Coal_Mine
https://landmatrix.org/media/uploads/imaloto-coal-power-station-global-energy-monitor.pdf
Except of course your diesel cannot expend that energy as fast .. it burns (relatively slowly and at lower temperature. An EV battery can go into thermal runaway and expend much of the energy very very fast ... big bang !
You are comparing apples & oranges to make in invalid point