Member Info for faramog

Yacht master.

Only bought in a week ago, so I pretend not to get the nuance and deep detail. Just read the '15 % of revenue & profits' and remember the same conversation on BMN.

I don't know if the same applies here and certainly not trying to confuse... Just reflecting what looks a similar situation.. may well be very different

Just remember that 15% is a minority interest. COPL will not control the revenue stream and normally would not get to accrue monthly on sales, but rather distribution of audited profits following year end.

We had exactly this discussion on BMN when Vametco ownership was 24%. I am no accountant but others had experience and rather explained it.

Not to say it is not positive... But best not see it as a direct monthly revenue & profit.... All depends on what process of accrual is allowed

anyone got a link to the spangel post ?

makes the more interesting point about it being an indicator of future increased inflation (which will be good for paying the trillions in debt down).

But not so good for those with mortgages who have had their savings wiped out ...

It is not the dilution down to 0.2 that matters .. but the immediate uplift in NAV.

Squeaky-bum time until it completes (and I only bought last week), but this unlocks future cash flow and increases assets - the real risk is it does not complete (in which case copl in the near term worthless)

No idea how I could (not sure I want to) participate in the placing - I bout on ii but nothing on there

I love this.... "Australian Gold mine strikes over lack of Strawberry Ice Cream in canteen"

Hard nosed Ozzie's ... Except when Strawberry Ice Cream is involved

seems we LTH's are 'loosers' according to that pretty rubbish article

for gods sake Sott - blow your nose ! .... why not say 4x 2017 product ... you infer the funding takes us to 8,400mtv .. it does not (without additional funding which will come from cash flow).... you carry on believing what you want

I was only 'factually' correcting

You did not say that, and besides, the Orion funding does not cover the works needed to get to 8,400 mtv ... as detailed in the RNS's

This 'treble' stuff is just inane ramping and wrong

No Snot .. not 'treble'. The 'guaranteed' bit is around 50% increase with the rest coming from cashflows. Even at the top end, the current facilities top out at a sustained run rate of 8,400 mtv: just over twice, but will need a fair chunk beyond the Orion monies to pay for that.

All in the RNS's ...

@Snot .. around 9.9 tonnes of V205 is needed per MWH if I remember correctly

not a lot of life even going back months ..

https://money.tmx.com/en/quote/XOP:CNX

Looking forward to tomorrow... Nice and blue

James .. they have set a leasing company up though - co-owned and providing it is a separate entity the sales would be recognised and not on balance sheet as assets

That is the point of leasing ... to recognise the sales and transfer the sales revenue to an amortised method with a finance house (and share the profit).

Not much point otherwise

That @Bassguy is one of the more vexing questions and perhaps a reason the leasing model is taking a while to solidify. It is not like leasing a car or other asset where the value mostly depreciates

But if I recall correctly, the Leasing entity will be part owned by BE, so if the cash flows are calculated on a 'safe' residual at the lower end of the scale of value, anything higher is profit in excess of the risk premium.

One thing in advantage is the electrolyte can be refurbished (as I understand it), so if Vanadium pricing has really dropped to a point a loss on the residual may occur - just recycle it

We are just going to have to see - but an excellent question

$45 gives rather more than 100% operating margins when costs are heading downward to $17

Date,Open,High,Low,Close,Volume
1-Nov-18,32.10,36.25,31.75,35.50,12105282
2-Nov-18,36.00,38.00,36.00,37.40,13911157
5-Nov-18,37.85,38.95,37.75,38.75,10650474
6-Nov-18,38.75,39.50,38.25,39.25,9807580
7-Nov-18,39.25,40.00,38.75,40.00,2673478
8-Nov-18,39.50,40.00,38.80,38.80,4603090
9-Nov-18,37.50,42.25,36.25,41.00,13791002
12-Nov-18,41.00,44.50,41.00,44.50,11629147
13-Nov-18,43.65,47.50,43.65,47.50,18197126
14-Nov-18,47.75,50.10,46.50,46.50,17839176
15-Nov-18,47.50,47.95,45.00,47.95,6357770
16-Nov-18,47.95,49.50,47.50,48.40,7321624
19-Nov-18,47.75,48.75,46.50,46.75,5770805
20-Nov-18,47.00,47.00,41.75,41.75,11923929
21-Nov-18,41.75,45.25,41.75,45.00,6548265
22-Nov-18,45.25,47.25,45.25,45.50,5766533
23-Nov-18,45.50,45.50,44.00,44.50,3501491
26-Nov-18,44.50,45.00,43.75,44.50,2770105
27-Nov-18,44.50,45.00,43.00,43.10,5087403
28-Nov-18,43.25,43.25,42.75,42.75,2527333
29-Nov-18,42.75,44.75,41.50,42.00,5415343
30-Nov-18,41.75,42.25,40.00,40.00,5846508
3-Dec-18,40.75,41.25,38.50,39.50,4685025
4-Dec-18,39.00,42.15,39.00,42.00,3186408
5-Dec-18,41.50,42.50,41.25,42.20,3361954
6-Dec-18,42.00,43.00,41.25,42.00,4557844
7-Dec-18,40.50,41.75,39.75,41.25,8563990
10-Dec-18,41.25,41.25,39.00,39.00,2861949
11-Dec-18,39.25,39.25,37.50,38.35,2218711
12-Dec-18,38.35,38.35,35.75,35.90,6223048
13-Dec-18,35.75,38.75,33.75,38.75,8393099
14-Dec-18,38.50,42.25,38.50,39.75,5388547
17-Dec-18,39.75,41.75,39.75,41.75,8469441
18-Dec-18,41.75,46.00,41.75,45.50,9806105
19-Dec-18,46.00,48.50,46.00,48.50,12942654
20-Dec-18,49.25,49.50,46.25,46.35,11344804
21-Dec-18,46.25,46.25,42.00,42.00,19866704
24-Dec-18,43.50,43.50,39.75,39.90,9534694
27-Dec-18,39.90,39.90,36.75,37.35,6636417
28-Dec-18,37.60,39.25,36.75,37.10,4143084
31-Dec-18,37.25,39.25,37.25,38.75,1584439
2-Jan-19,38.75,41.75,38.50,40.90,4487484
3-Jan-19,41.00,41.00,38.50,39.50,2950384
4-Jan-19,39.50,40.25,38.75,39.75,1823574
7-Jan-19,39.75,41.50,39.75,41.50,3794402
8-Jan-19,41.50,42.10,41.50,42.00,2523920
9-Jan-19,41.50,41.50,40.25,40.75,1984785
10-Jan-19,41.00,41.00,39.75,39.75,1308224
11-Jan-19,39.75,41.75,39.75,40.50,1330205
14-Jan-19,41.00,41.25,40.00,41.00,2908559
15-Jan-19,41.00,41.00,40.50,40.75,2010090
16-Jan-19,40.50,41.25,40.50,40.50,1549900
17-Jan-19,40.50,42.75,40.50,42.50,4010039
18-Jan-19,42.50,43.00,41.75,42.40,5221165
21-Jan-19,41.75,41.75,40.75,41.25,2782304
22-Jan-19,41.25,41.25,39.75,39.75,1915723
23-Jan-19,39.75,39.75,37.50,39.00,3384327
24-Jan-19,39.00,39.50,38.50,38.75,1306679
25-Jan-19,38.25,38.50,37.60,37.60,2438460
28-Jan-19,37.75,39.00,37.75,39.00,2586780
29-Jan-19,38.75,41.50,38.75,40.75,3930452
30-Jan-19,41.25,41.25,37.50,38.80,5997843

I just downloaded the share history off Sharescope.... I could create an image if you want

Olly .. not quite ..

Highest Open - 49.25 on 20 dec 18
Highest Intra-day High - 50.1 on 14 Nov 18
Highest Close - 48.5 on 19 dec 18

17 dec 18 was an open of 39.75, close of 41.75
18 dec 18 was an open of 41.75, close of 45.50

cut the '7' off the end - link works then