Member Info for faramog

A range of views !

They had no tariff then !

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

What are the numbers Paludina ?

At 1p, CC should say no and go for the firesale .. the net will be 3-4x that....

Can't dilute that much... hits the 29.99% threshold well vefore

They don't make nitrovan

No surprise... they are making a loss at current prices...so a slow down or suspension of production is to be expected

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 !

ATM are dropping ...

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

Yes .. especially the kids in far flung Africa scratching out the raw minerals to make it eh

The way the eye witnesses describe .. sounds EV related .... interesting that some insurers are shoving premiums up by 70%+ and some now declining to insure them ..

Just wait for house insurance to put a clause in for a garaged EV !

So They expect EBITDA to go up in '24 to a positive $12m and $22m in '25 with an av realised price of $33.6 and $35.2/kg respectively .... rather ignores the nitrovan premium and at that price, Largo wont be producing at all creating a demand shortage

Is it me of does their new target of 3.00p have a distinctly false ring to it .. very handy for the now oft discussed 3p strike price expectation for Orion

And no value for the Cellcube ownership either !

Well his cheeks will be wobbling given CC rather pointedly said half (or more) projects could be better done by externals for 15% less cost.

Come on snails ... he is far too busy playing with powerpoint

Takes no account of the energy side and whilst I agree, VERL, Belco & Be are zero, that is not really the case for Cellcube... perhaps why CC rather pointedly talked about 'retiring some debt'

Personally, I would be happy to see Cellcube sold off prior or on float and a whole raft of CLN's retired ... CLN's are a sea anchor on everything

not a huge amount in the overall picture has changed from the bnp paribas report of 26th may to the one in sept. yes, fm has gone, cost control and production stabilisation measures have been implemented and continuing to develop.

so a tad perplexing that in 3 months they have a valuation of 4.80-6.80 in may and 1.70-2.70 in sept.

mostly it seems they have changed their view on net profit from (7.1) and 1.6 for '23 & '24 to (18.5) and (45.1)

but this adjustment is mostly down to imparement charges on the balance sheer and some additional expenses to do with operations and the must **** up.. again, mostly a paper charge, and yet in '25 they raise their estimate of net profit from 7.3 to 8.6 (despite lower vanadium pricing assumption.

it is even better if you consider their estimate of net debt/editda at 2.7, 1.5 and 0.9 for '23-'25 in may to 5.8, 1.1 and 0.5 in sept

it seems counter intuitive, that a deal that reduces current debt and liability, reduces medium and long term debt and takes zero account of the cellcube value and (understandably belco, verl & be) carries a higher risk premium.

all smells a bit of being helpful to orion in driving the strike price down.

problem is, bmn have no where to go and just have to bend over .... if only one of craig's rich mates would come in eh !!