Member Info for faramog

could have waited a bit longer folks .. obviously up to mischief, but its a slow day and the masses need entertainment .. after all the world snooker champs is not that good

Don't forget .. Mikhail speaking

https://www.miningreview.com/energy/battery-storage-africas-energy-metals-market-and-supply-chain/

anything on AIM (especially a commodity company) is a speculative buy

CC... sounds like a national wealth fund lol

correct me if I am wrong.. but if a BE transaction is to be had.. then the deal will have cost 74% of $68m (circa $50.3m) in the end

Good week .. stonking news, better than muted response and a most decent lunch with a couple of LTH's (you know who you are).

Sadly had to liquidate 64K shares for my mum, but since they were 248% up can't complain.

Have a good bank holiday weekend all ... now.. time to wander to my local club for a pint and some rugger

intrigued by the staging over 12 months .... in principle, a fund raise and near 29% dilution to essentially reduce debt is not all that bad a thing long term and would tend to release working capital (employed in debt payment) for expansion

@MG ...against LSE rules to offer advice... you might however consider the current SP is circa 32 and many expect it to go 3, 4 or even 5x over the next 18 months .... you might incur a capital gains tax as a result (or may not depending on your circumstance) .. inside an ISA there is no tax and dividends are tax free.

No one can advise you here, but you might consider the relative cost of selling, transferring cash and re-buying against a possible CGT liability .

Do your own numbers and make your own choices ...

I read into it that the Long stop dates covered the timeframe of expectation of Mokopane. Although feeding Brits ore is possible/probable, the real gem is Mokopane, and I can't see that final completion would not align or be a a reasonable extent dependent on that licence.

We know Ramaphosa wants to get on with it and developing new operations that employ ANC voters is a winner for him.

Maybe the licence really is actually now 'imminent'

number 3 ... the top 2 are time speculative sub penny shares with 20% bid spreads.

https://www.proactiveinvestors.co.uk/columns/sp-angel/30865/today-s-oil-and-gas-update---bushveld-minerals-30865.html

Key things ...
----------------------
-New earnings estimates to follow tomorrow
-BUY – Target price under review

Conclusion: The acquisition brings a number of benefits to the Group potentially ramping up production by 4,200mtVpa (ie more than doubling the current output rate), bringing the Group closer to the 10,000mtVpa target, unlocking the Mokopane Vanadium Project at significantly reduced development cost ($133m in acquisition and ramp up costs is c.45% of the DFS Mokopane development capex) and accelerated schedule (first Mokopane concentrate may be start feeding the Vanchem plant in 12 months period following the completion of the deal), significantly improving flexibility of existing operations reducing reliance on a single processing plant (number of kilns to go up to four from current one) and mine, expanding the final product mix including the output of vanadium electrolyte from the Vanchem’s existing chemical plant. The deal secures a cash generative asset and increases the Group exposure to the commodity supported by a structural deficit market dynamics. We will update our earnings and production estimates and release undated numbers in due course.

29 now .. (suitably not live of course)

there is usually a recording posted out after .. expect it will be on youtube in a day or two

what on earth is the point of sticking this out when it does not include Vanchem ?

I had to close and restart ... all I got were slides and cheesy music !

any sign it is starting

@BBN ... what you state struck me as well ... what a master play ....

"Better still with 3 kilns Vanchem can control its outputs without affecting its output costs.

Thus empowering their desire to feed either a strong steel market, a strong VRFB market, or simply curb production when prices are too low. Ready to up it once again when prices begin to call for it."

@pdub .. all the best for the treatment .... what a great moral booster this morning

@wolfman-J - refurb is considerably cheaper than full development. The plant and infrastructure are already there but need some upgrades and higher levels of maintenance.

That is why brownfield with existing plant is always cheaper even if the plan needs extensive modification

nonsense.... would just be shorted more.... use capital to build not play market games