Member Info for faramog

Correct .. but 'follow up' and 'signed deal' are two different things ....

Seen this too often .. no .. it is not in the bag .. just getting more likely than not

And how much over the years has Prince Useless been paid for this $100 !

Well the stupid corrupt klepto's have had a mine, electrolyte plant and box-making tie ups now for 2 years and have done nothing .... a bit rich to now want to talk about it

Or is the right shade of brown envelope now available ?

None knows... Can't take the inputs and current cash position as lotsvofvlate debts and forward maintenance purchases

Only real thing to go on is the independent Going Concern comment (no prob for the next 12 months) and statements about viability well into next year

It's a crap-shoot

We don't know the actual.cash burn @TB... A lot of late payments and urgent spares bought

Dont get me wrong .. I bought a few weeks ago for a bounce trade on securing the SPR & Orion funds .. that aint happening now .... so just wait until there are real signs of vanadium price recovery (if its in time)

Remarkably the SP has not dumped down (yet) .... I decided its a long road so got my sales in at the bells ... now just wait and see

Yeah ... bleak if Vanadium does not hit $50

Setting up for the next trader day

Hannam have a 34p target for Feb 25 ... BS !!

What is that nonsense WildTiger ... sold out at 65 ... this SP has never even been close to 65 !

The people going are mainly head office and support services .. as CC pointed out months ago their functions could be far more efficiently provided by contracting in when needed.

I doubt many (if any) of the plant staff will go any time soon ...

As has been clear for a year .. IF Vanadium pricing rises into the high 30's+, BMN survives .. if not .. it doesn't

As for all the vrfb stuff .. I am rather reminded of Betamax v VHS ! ... if vrfb cannot make good inroads with a sustained long period of very low vanadium pricing then really .. in the west, it will only ever be small

The cult of Lithium burns bright !

Given that the large Loan is to primarily Orion and they have successively kicked everything long and indeed just pony'd up a load more cash ... not sure why anyone thinks that 'market jitter's are the reason there has been no recovery. It is perfectly clear there is enough cash and working capital for a year now.

This share is really all about when (if) Vanadium prices rise. CC did say more than once they had 'market intelligence' and the big investors will have seen that too ...

What is that AI generated gibberish

@HC .. yup .. a sustained level but even a spike will garner interest and a level of re-rate. I just kept coming back to the comments from CC in the last 3 IM's... Also, Orion et al just would not be supporting if they could not see the return.

It is all cyclic and exactly the same noise is in the Lithium, Tin and other key metal areas

The chines brought in a rebar standard that kicked off the last spike. It was advisory and not mandatory so lots of plants found ways around it all. hence, in the view of many, the price slumped back.

In 3 weeks the standard becomes mandatory and the max grace period for change is 3 months (so by Christmas, all plants must meet the full standard). This in various posts and platforms appears to amount to a 10 % (15 max) increase in the likely Vanadium need in steel in China. On top of this they have massive VRFB roll outs.

They are certainly scr3wing the Russians over commodity pricing as they cannot sell many other places. BMN sells nothing in China, but there will be a knock on world wide.. what that amounts too and how much the Vanadium pricing moves is anyone's guess.. but over 3 IMs CC has rather muted at $40-$50 I think.

If he gets plant costs down $4 (s he indicated is an aim), the AI costs might end up $30-$32. At 3,000 mtv and $50 that is at least $54m net profit which would be an EPS of 2.3p (ish)... modest PE of say 8 and not hard to see the possible re-rate (less debt).

Even if Vanadium ended at $40 and AI was $32 that would be 1.03p and an SP target of 8-10p .... just gotta re-rate to survice and in CC's words 'thrive'

In what way .. it is just a tidy up of the legal position .. the money has already been paid in I think ,.... don't see new cash here

At least Kirwood is going .. good riddance

Thanks for that Cinders .. you will be off then I guess ... so thanks for all your contributes .. sorry to see you leave :-)