Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Take a read of theOakBloak analysis of furesale value... rather above 6p a share
I would not bet that SPR & Orion would not seek to lower the 6p conversion price, but they have to balance that uncertainty with the long term gain they only get with survival
I rather suspect the deal is the deal and terms agreed subject to the due diligence requirements
In any case.. it is in no one's long term I tests for BMN to go under... but Tanya rather let it out the bag that the signatures won't be until close to the end of Nov deadline
So rather a lot depends on the Interims (due this or next week) with updated picture, and Q3 in Oct showing production improvements
I am sure Orion & SPR are already kept very much up to date, so providing they can see cost controls and optimisations gaining traction, why would they change anything...
This has always been a very supportive board for folks in distress or death (our esteemed late fellow punter Corbin, Knuttie & Pdub and many more come to mind).
So let us all kneel down together .. and pray for AimWolf ...
"dearly beloved... we are gathered here together to laugh our socks off at the esteemed feckwit that has just infested us... we pray the entertainment continues ... amen"
You are full of it @AimWolf .... "For me I'm selling, I cant see any reason to hold. Big lesson learnt here." .... "i don't think im going to seel today. very hard to sell at a 90% loss. "
.. as I said ... the rules for newbie trolls:
Rule 1.. post inane drivel constantly so the number of posts makes you out to be 'a contributor'
Rule 2... When said demi-god status has been achieved, postulate all sorts of rehashed guff and call it 'research'
Rule 3... Deride all-comers who dare to utter the word 'Jehovah'
Is Capa morphing into a 'Quad-bike' ?
https://www.trussty.com/2020/08/a-super-quad-bike-with-fierce-and.html
Good write up here...
https://theoakbloke.substack.com/p/spr-specially-pleasing-result
Well put UKsteveg .... FM had a great vision, but a mixture, of practical reality, bad luck and covid rather burned the posts down a bit.
As stated before, CC rather laid down with some clarity the plan:
- we have to get smaller to get bigger
- we have to focus on the basics (ie plant operation & costs)
It is not all doom & gloom - the Cellcube ownership could easily be worth $50-$100m over the next year and despite the dilution, if the costs are controlled down, the consistency and production go up and Vanadium pricing increases modestly, then in 12m the profit, balance sheet and cash flow position will look very good !
despite dubby banging on about costs coming down, vanchem is loss making and its costs somewhat higher. it is not making a profit and seems to be struggling both to get a consistent output, and get a consistent feedstock suitable. its staff appear to have local control 'issues' given the level of intervention put in place.
a long term high vanadium **** supply is a good thing, if the personnel issues can he reduced, the consistency go up, then the costs will be down.
50% of a profit is preferable to an endless 100% of a loss !
Perhaps not Vanadiumdummy .. but I may have a slightly deep perspective than you... I can't be doing with you endless 'I am new and want to lear ... naaaww .. I don't agree you sugar coat it ... but I want to learn' .. pi5h
green bin
One other thing, is the point made by Alfa a day or two ago about the 'real money' is about how much you can cycle the system and really you get the payment for pumping out power and flow systems can cycle several times a day with practically no degradation
When that is really commercially demonstrable, the big penny will likely drop !
Erm .. well .. flow system traction has been a lot slower in the 'west' despite vast Green net-zero agenda stuff and that is in itself a bit bizarre. the problem is that the investment case really needs working examples to demonstrate and there are oodles of examples around Lithium. The mini-grid coming into operation by the end of this year is a very big deal in both SA and as a showcase as it combines 3 key elements: novel finance, renewable (solar in this case), and leasing.
It is not going to take many real-world demonstrable examples to change the investability paradigm: just look at the Cellcube and IES pipelines and commissions in progress
It is certainly the case that every gram of Vanadium could be sold into steel and steel growth will be astronomic (after all, most big renewable systems need a lot of infrastructure building - winner winner chicken dinner !
Long term, it is the rental side that looks brilliant as it is exponentially growing revenue streams with an asset (the electrolyte) that barely depreciates (unlike Lithium systems).
China has an autocratic system and the rulers simply 'decide' what will happen and the sheep get on with it - they are far less hampered by iiR and business cases and can (and do) look much longer term.
It is the next 6-12 months that look the hard part for BMN: but given the likely value return of a Cellcube Nasdaq listing, I am not at all sure there is much of a problem past the next 3 months - I guess that is why the likes of Kamran have bet so large