Member Info for faramog

or could be on threads deleted .. that is what normally seems to occur

Mining contributes more than 10% of SA GDP and more than 30% of foreign earnings ...... be a lot more than that in a couple of years methinks

where are all the TA and chart types telling us about support levels and stuff ?

https://twitter.com/Scott__McGregor/status/1118084683164729344

Thought Scott had left !

just a shame the SP never properly reflected the Vanadium price rise eh Expert. Can't claim its about Vanadium when it only works one way - either there is a link or there is not

I wondered how long it would take today .. down over 4% now

sitting slap on the fibonacci 50% retrenchment ....

Not having a dig but what happened to Elliot & and waves ?

blimey .. not what I expected to see this evening ... so around 0.5% of total shares traded and a price fall of 9% .. seemed to fall off a cliff about 4pm ... anyone know why ?

I see lots of the usual 'shorter' stuff but can it really have that much impact in small numbers ?

Good post BBN. Just shows that we are around 18 months behind in production that where many thought we would be a year ago.... end of this year is when the magic should start to happen.

So the 1 pound target this year anyone ... not anywhere near as sure now - even RK has revised his bullish prediction for this year down to 120

The large fall in 2008 was surely rather more related to the general western world financial crash and recession. I take the point about volatility, but the difference from this years is twofold. First, the Chinese increasing demand (albeit now it has paused), and secondly the emergence of VFRB to drive further demand.

SPA if I recall had a 2019 settle price of $70-$75 (may be my bad memory here), and although it is plausible to go beyond $100 again this year I do think the settle price will be in the range $70-$80 myself. I don't see vanadium pricing falling to $40 and staying there

One thing that does give me confidence is the number of large holders who have met Fortune and been very impressed. I don't get the feeling they are naive about people or business and that very early on gave me a lot of positive vibes.

For a lesson in how to manage comms, look at RED ! ... delivered nothing (except minor test boxes), yet keep being successful investor wise - they manage the crowd (will I believe a pretty cynical manipulation of facts, but that is my opinion).... Bushy on the other hand has masses of really good news and lots to keep reporting on. The newsletters I get emailed have got better and more detailed and we can see the level of work gone into the corporate presentations and video's ...... but they don't reach the fund managers I don't think .. RNS's do

There is already oodles of Vanadium, saying there is more will have no real price effect as we have seen the substantive NPV of the mine not really taken much into account . A report is going to make no material difference to the headwind we face.

Now if the amount were reduced ... then hang on to yer hats

copied, toll or not ... the statement "The second reason and the most worrying is Fortune’s ongoing and repetitive failure to deliver positive news on time" I rather agree with.

But rather than viewing FM a failure (which he is most definitely not ), I think the Vametco operational issues have been a substantial headache and as I said yesterday, despite a lot of upgrade cash, the state of the place has been found out. What we do know (from Alfa's visit), is that these are pretty much sorted and a new general manager put in place along with other processes - this is just growing pains.

I cannot see Vanadium pricing staying where it is or dropping much more ... if that is the case, then the large 'deficit' was a mirage.. if not, then an increase up is inevitable.

All taking longer than hoped, but I see nothing to get all hot and bothered about. If enough people wrote to Bushy with words along the lines 'manage the comms better' perhaps the penny will drop

we did not hit 30p until more than 6 weeks after the rns ... the re-rate to 30 p was partly on that but there was much consternation at the time that the significance of the ownership increase (and more particularly control of vametco cash flows) was not properly appreciated or reflected.

I have no idea why we are back down here - just seem out of keeping with the news we have had. For whatever reason, the general world cooling is having a considerable damping effect on mining... only shows the market has not one jot what the real value here is and it is not Vanadium but BE

30.15 now reported on Uk.investing (-7.3%

31p now... will we see 30 tested this week

conventional wisdom is an SP goes up with more buys... so someone may be building a position... but someone also reducing one surely.

What happened the the vast short.that Alfa's a alysis pointed too ?

What makes you think.I follow Elliot.... interested in it and TA... but not in the way you mean

gkb47... did you expect a positive straight line ?.. if so .. more fool.you....

Just personally somewhat surprised at the down drift and sticking in a trading range.... eventually the numbers will win out.. I aint selling anything

now now RK ... decent is allowed ... so long as its polite... remember the note on some poor chap loosing his shirt on Debenhams .. it is not all a straight line.

The SP has in the past moved on expectation, numbers and significant change (but not that much). Yes, Mokopane would be large but would also take 18 months + to get anything out of it. I am not anywhere near as confident as you that a sudden massive rise would occur. After all, there was a forward production plan that had the graph turned upside down. No one expected the Vametco operational issues and despite a very large amount spent to date on upgrades the fruits have yet to actually be reported in the positive. By now I am sure FM thought we would be 4,000 tonnes + and heading to 5K rate bay year end.. not in 18 months time as looks more probable right now.

The Fund Managers and Investors watching who started to get excited last year have undoubtedly started to feel nervous.

In the end, SA is still high risk, Ramaphosa changes are slow (but getting there), The ANC will likely win majority but may well be somewhat reduced and lazy fund managers look at last years data and see a negative PE and no profit .... until the audited accounts come out and more particularly forward guidance.

All going to get there and 10x+ from where we are .. but it's going to take a bit longer..