Member Info for faramog

oh yes .. any number of variables... but most of the cost will be local, energy & labour costs ... just making an observation.

Poor FM does seem a bit fed up with the SP questions.... I am sure he gets it !

Sharesahoy ... that is usually the case (not always in some industries).... I just observe that the cost base has been going down, but so has the Rand (and since they quote cost base in $, there is a conversion.

In the last 2 years the Rand has devalued by 25% to the USD... but the cost base gas gone down only around 9% . So is it getting more expensive relatively to produce a KG of Vanadium ?

No danger of an immediate reversal as FM said they expect further Rand devaluation ...

Yes .. dig it up, process and sell every KG ... it is a pretty linear, dull, but very very profitable story

.... Perhaps when BE starts producing Electrolyte the emphasis will shift

Some interesting points.. cost base down 19.1, 18.1, 17.5 at Vametco but is that really just the weakening Rand ?

Had not realised the Vanchem cost base is lower (range of $16.3-$17.3)

As for recognition, not heard FM say this before: "not the most straight forward story ... over time hope people 'get it'
". As for AIM .. 'keep reviewing' .... same old same old

Dividends .. future.. but hopefully soon !!!

And also not heard the articulation of a Vanadium price band that works for production and VFRB as $40-$50

2 dull questions for Anglo Pacific ... they a whole load for FM ....

yes @bassguy ... the intro lady dropped that in ... BE 'developing VFRB for grid use in the USA'

Interesting !!!

a concerted effort to dump lower than 12 ... and where is the floor this time.... so bored of this !

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ShouldHaveSold - another village idiot filtered

@Gambit - just on your point (3), FM clearly said in the interview that they are on course for 4,300 this year .

One thing not spoken about (and FM did not mention) is the possibility of a pre-processing plant to concentrate .... there is a heck of a lot at Mokopane and last year there was a lot of discussion about shipping concentrate or ore direct to China for processing

So much expansion to come ....

Oh dear Roger... It's not love of the stock... Rather the actual facts of the story ... Don't you know that.

You do realise in NET profit terms, bushy is in the AIM top 10 and if including the FTSE, top 30%

Jog on

A big thing to say on a public BB @bassguy..

All the best to ya

no DD ... to be honest I just decluttered my mind and have forgotten all about them ... got a record somewhere but of no great import

not aim .. a share I had 4 years ago desisted off the main board and moved to the USA - we had a choice of some cash and some US shares or cash (but shafted)... the US registration required me to fill in a big US tax form so I said stuff it.

There were no shareholder choices here and a lot of people lost out (with predictably quite a few gaining rather well)

I do hope FM is not thinking of being a SA-only listing ... but in once sense, it makes sense

Some nice goodies in the interview:

by 2022 (presumably towards the latter part) will have 3,100 MTV production rate at Vanchem. Add to the upped Vametco rat (may be wrong in memory but thought they planned to get to 4,200-4,400 by then... that is over 7,500 MTV .. and this year on course for 4,300 with a lower cost base ..... so very very profitable !!

Like the answer on Lemur .. it is not core but we are not just giving it away .

Overall, FM seemed a bit fed up of the market not reflecting either the success to date, the cash generation, the profitability, the expansion ongoing or the fact there is a large Vanadium shortage

I am pretty sure that would require quite a vote !! ... but has happened to me before and got stuffed !

Clearly a bit fed up with both how AIM is working and how tricky it seems to get the II's to pile in. A rather exasperated "we are trebbling our production !"

yes Gambit ... I noted that and wondered ... is moving off aim and solely onto JSE an option ?

I raised an eyebrow when I heard that live.... Key player as well

quick on the google .. missed a few ... tell me:
1. who is actually producing
2. who is planning to produce and when if they get the cash
3. the grades of recoverable vanadium

have a nice day !

there is plenty in SA Gambit.. Cyril has only really just started and fighting an uphill battle against the entrenched ANC elite ....