Member Info for faramog

its not $100 / kg..... its $80/kg gross profit....thats the number that matters

no... anchor is up and saling .... just leaving the Solent and picking up speed

So at current price (22,5):

creating 5.6M quids worth for directors
a share facility of 24+M .......... maybe for warrants ?
a Rights facility of 80+M .......... looks likely for capital for a brownfield/new plant/mod plant

current issue of shares 1,079,354,650

creating 24,847,310 2.30%
Share Facility 107,535,465 9.96%
Rights Facility 358,451,550 33.21%

total facility 490,834,325 45.47%

If all done 1,570,188,975 68.74%

did not represent a 33% dilution though last year ... It is just the facility, but since they are asking shareholders perhaps we have a right to know what its for. I do not doubt it will ultimately be about creating greater value and take the argument about commercial loans .. but I really don't get what those loans cannot be serviced by the cashflows we have.. maybe I am just being thick.

Anyway .. it will matter not if we all vote against it as we don't hold the major cards... so in FM we trust ... 30p party may be delayed a bit now !!

facility for a substantial dilution then ..... or maybe I am reading it wrong....... making so much cash... why ?

nice one RichKen .. however, SP Angel has published how they calculate the SP .. they gave earlier this year the basic calculation .. its just if we apply they real numbers (and that was done), we got to the valuations we believe.

Lets just remember that for all our view on the valuation, we have yet to actually exceed any of the broker forecasts.. I have decided they are much the same on many stocks .. just a mood music indicator and rarely seem to reflect much.

There is still a lot to be decided in SA politically but when the Mining Charter is finally approved (in whatever form), that will provide a significant measure of investment stability and (providing it is not too silly) garner a strong upward swing in SA stocks, investment and sentiment.

Like many .. I see us exceeding 100p in the next 12-15 months .. just think... in less than 18 months we will generate a rate of 5,000 tonnes of vanadium from Vametco and getting on for that from Mokopane .. at $100+ per tonne and ebitda of $3-400M+ is perfectly possible for the following year..... does not take a genius to back work a discounted valuation and 100p is on the low side for it.

I suspect (hope) that JM's real value is in the backroom stuff... but as investment is largely no longer needed, maybe his relevance will disapear

10:57 .. 8489 was a sell (my mum wanted to get at some of her ISA ... did try to tell her)

fractal distillation ... reminds of my home brew days ha ha

@PlayOffSunday ... not sure that is true. A few weeks ago NickD posted comment on this as he has a background in corporate accountancy (I understand). as a minority shareholder they do not have as much clout as perhaps we may think. Personally, I cannot believe that when the fund-raise was done in March/April a deal was not framed with elements to finalise and the timing perhaps has more to do with what suits the parties. Not sure we would get the whole 15% given the 30% BEM rules which JM sort of let slip in a podcast back in April when he said Bushveled owned 69% of the Vametco operation (not 59% which we currently own),,,, so 69/70% is where I would expect it, some payment to Sojitz and perhaps some deferred profit share for a couple of years. There has been comment about holding stock but I can't see that happening as that gives way more future leverage given the wider ownership (but who knows) ...

I see it really coming as news just before the H1 results as that would give some greater momentum and impact

makes you wonder why the Nitrovan premium is only 5% !!

nicked from the redt bb... timing is bang on for BE..... I read this and thought of you guys..... "Of all the types of smart power initiatives, energy storage tops the list. In the survey, 62% of businesses said they are planning to invest in energy storage technology in the next 18 months, followed by renewable energy projects with a smart power component (58%). Financial investors are also showing great interest in energy storage, with 93% of our respondents stating they consider these projects to be viable financing opportunities,” says Fèvre." https://www.esi-africa.com/africa-could-revolutionise-the-energy-sector-through-smart-power-innovation/

Saw some comments on asking for the link a few days ago. Been away .... here it is:

https://onedrive.live.com/view.aspx?resid=7CA08D1AD119BB44!349&ithint=file%2cxlsx&app=Excel&authkey=!ACwzApTR8TVzc8Q

basically .. we don't want to look at the data and do some basic sums ... just sit on the fence until its rammed down our throats and then shout 'we told you so' ... one interesting statement was the $9m to simply structure - does imply its happened !! .. so what was it ?

I thought it was afternoon tea at the Savoy with FM

interesting ..... Home  Top Story Public comment for Mining Charter extended to end-August By David McKay -   July 8, 2018 0 166     tweet Gwede Mantashe, mines minister, South Africa PUBLIC comment on the draft Mining Charter will be extended by a month to end-August with a view to finally delivering a document by October or November, said Gwede Mantashe, South Africa mines minister who added that the trust deficit between the mining sector stakeholders had been narrowed. Public comment on the Mining Charter was due to conclude on July 27. “We must be ready for ongoing engagement,” said Mantashe in an address which closed a two-day Mining Charter summit, held outside Johannesburg. He later said at a press conference following the summit that consultations, a socio-economic impact assessment of the Charter, and Cabinet approval was expected by either October or November. “We must now go to the more involved government processes, including approval of the charter by the Cabinet,” he said. “That is what will take us to October or November”. He disagreed that the Department of Mineral Resources (DMR) had “shifted the goalposts” or that the process was behind schedule having earlier said that it would be done by June. “Within three months, we have finished the consultation,” said Mantashe. “We are having this summit today and it was very intensive. And we have drafted the charter by June. We are now in the process of post-drafting which will take us to October,” he said. “We are not shifting the goalposts.”

no... cant stand golf ....ha ha

only problem with spinning off is we would then not be vertically integrated .... I have said it before... you dont become a multi billion $ company by selling off your high growth assets

inshore vessel ... fat fingers on a phone again

the norwegian ship is a Maersk inshirt vessel with 3 engines... one was converted to electric drive and is used as a load balancer. Diesels work most efficiently at constant load so they get set to a power level and the variable drive is electric.... cant remember the fuel saving but substantial enough fir the change to pay for itself pretty quickly... I may have remembered wrong but 15 months came to mi d