RE: Vanadium companies12 Jan 2022 13:56
"My guess is the market wants to see stable production, continued control over costs, profit, and some action from BE, all of which I believe are being delivered or coming soon."
Exactly @Pdub .... a long history of over promising and under-delivery has made 'belief' a bit harder. The appointment a year ago of a seemingly (looking at the difference made) very experienced and above all competent Operations Director has made an enormous difference, and the very pointed signalling 6 months ago that only sustained and embedded production rates would be used in forward guidance is waiting to be demonstrated for a 2nd quarter.
I feel the combination of Eskom news, The Must saga, Forward BE news, rising Vanadium pricing, Declining costs (largely on increased volume, big VFRB plant announcements or commissions worldwide rather point to an acceleration of SP upward pressure.
I felt 35-45 end of last year based on the above (which Covid has delayed by 6-9 months at least)... I have not changed my view that 35-45 will not be that far away