Member Info for faramog

@pumpky.... Call the court and tell them you want answers .. I feel sure the only body answerable to absolutely no-one will jump to it

Be even nicer if it translated to bushy's SP !!

in the article

"....The battery was provided by UK-based redT energy, which was recently renamed Invinity..."

Pickler .. not quite true as I understand it:

If this amount is within the basic Income Tax band you’ll pay 10% on your gains (or 18% on residential property). You’ll pay 20% (or 28% on residential property) on any amount above the basic tax rate.

Basically if a low rate/nil rate taxpayer then it should be 10%

https://www.gov.uk/capital-gains-tax/rates

Pretty sure he must be 18

I might add that my average at the time was around 2.1 and I was over 35% underwater at one point .... when the company owned 26% of Vametco, low problematic production and was definitely very early high risk phase. As can be seen by my low purchase price, I bought more !

Just depends whether you invest in a story, a need, a product ()with few other world choices) and wait for the wave to crest. Certainly 2-3 years later that originally looked possible and we know all about the delays. Really a year away from gaining solid market visible traction, but more and more pieces fall into place.

Plenty here (me included) more than a bit fed up with the pace, the comms, the lack of meeting stated aspiration etc etc etc ... all normal growing pains from a minow to a whale !

I suspect most people will go 'blue' this year and a decent chance that even those who bought at the top might as well.

I am well in profit .. but then my lowest buy was 1.6 !

Not gloating - just one of the relatively few who have been here a long long time

Not sure that is entirely true... If they ask the market to move a lump over time at prescribed sell rates, they only need to report when compete (as I understand the rules)

It is a shame @hxulcolrdoh that you make a valid point (about over promise and the clear scepticism of many investors as a result), but then ruin it with insults.

Your credibility has taken the same knock as overpromising Bushy !

Far too early ... I suspect it will be a few weeks looking at the latest published vs their court date

https://www.bailii.org/ew/cases/EWHC/Ch/2022/
case: BL-2021-001153 | Garnet Commerce Limited v VRFB Holdings Limited and another

Not obvious Moggy ... I have not forgotten your deramping pish... Even if others have

where is the announcement of that ... no RNS and that would no doubt be a market sensitive requirement announcement..

Full of pish Moggy

Someone has a burr up their jacksy !

https://twitter.com/BushveldMin_Ltd/status/1486990286303674374

I would agree with much of that...

@Lindon
" They have just stated in the analysts call that they have no plans to increase the electrolyte capacity beyond 200mwh. I think that also indicates that the BE story is being left behind."

Not quite .. no immediate plans but have a modular plant design and planning to increase to 800MWH ... that would take pretty much all current production if built, or about 15% or the forecast annual outside china demand.

Different views on the market view of FM and the past (can't disagree with your summation), but start rolling cash in (especially in what looks like a turbulent, inflation infested world and those view will change

BenA

Vametco/Vanchem costs the wrong way round .. Vanchem is about $7/$8 more expensive, but makes premium chemicals

Other big thing missing is the general admin and operational costs. the $23/$23 is not all-in (excluding capital needs)

Also, it is 74% not 75%

What you miss next year is that at least 800 tonnes will be 'sold' to BE, then processed and sold at a premium as electrolyte (either to a direct customer or the rental vehicle). I am guessing a profit equivalent of circa $10/kg

Add in of course the premium for electrolyte and additional premium if rented .... At next years production of circa 5400mtv I would not be surprised to see an EPS above 3.7 and the following year above 6 as production ramps further.

Thing is, it all neds on what assumptions you make.

What is very clear is:
1. Future very strong and growing FCF
2. Future strong and rapidly growing EPS

Does not take a genius to see even on a modest PE an SP of 70-100 and if a solid forward discounted calculation is done, knocking that sometime this year !

Just keep meeting the targets, growing the margin, growing the revenue streams.... and GET OFF AIM !

@V1per - just a look at your posting history .... never positive, upbeat or supportive of any stock are you.

I agree that MN looks like he has achieved little, but then in the background, has put BE together, a Rental company setup and led many of the use and business case reviews that have influences the SA government thinking about storage.

I may of course, be crediting too much .. or not enough

Knutsford... https://www.basel.com/en/events/basel-tattoo

Bit like the Edinburgh Military Tattoo (but a better show)

yup .. you should get a ticket

the Vanadium price rocketed ... No-one realised just how linked BMN price was to it - essentially, the market used BMN as a proxy commodity fund (IMO)