Member Info for fatbanker

so the central bank has approved the orion deal. now the existing lenders and orion will agree the pecking order for asset liquidation payment in the event of insolvency, major business change, change of ownership etc, and then document those agreements by way of deeds of priority, parri passu or postponement to negate any dispute at a later date. standard stuff when multi banked. if any lender plays hardball its not unusual to see the other lenders clear that lender out. no drama in this rns.

this is a quality investment. dont fret over fractions of a penny up or down. The company are delivering, the market forces for vanadium are improving. A lot of traders came in for a quick punt in the 11 12 13 range and some will dip out at 14 15 16, thats the way it will be. In good time this share will make buys now look very astute, particularly when the good news RNS's start to filter out. gla

diamondlover. bmn was iron ore not copper, some tin and lots of phosphate

Mr Golden Summit is probably sitting in his mansion, watching the SP rise and thinking "maybe I could have done this better"

sippmeister - post of they day

on twitter there is a tweet detailing another systen being delivered to CZ

7 years since my first bmn buy, and the story is not even half told. gla

not sold a share, waited it out, still watching, our time is coming. lower quartile cost, vertically integrated, global primary producer of vanadium products. gla

Interview with Bushveld CEO, which contains good info on the vanadium market and why primary producers will lead the market. May be of interest to you FAR investors.

https://tinyurl.com/y54csmp8

katie looked ok also IMHO

i think there is some sort of subliminal message there somewhere

still here buddy

uksteve - the wisdom of company 's lower quartile cost base.

the company is doing what it and its financiers need it to do to emerge from covid and handle the vanadium price. other producers with higher costs, and explorers kidding themselves they can become producers will be feeling more pain than bmn.

https://www.l2b.co.za/Project/Vametco-Electrolyte-Plant-North-West/25930

clearly says vametco in the heading when you search the page

its normal to run a leasing book out of a subsidiary or joint venture investment company, which produces its own accounts, and can feed income up to the shareholders, which then goes to revenue if its a majority controlling shareholding, or to other income if its a minority shareholding. the value of the asset, in the vehicles balance sheet, is broadly speaking the unpaid rentals on the leases, plus any residual value at end of term.

bmn have right but not the obligation to win the supply contract provided they match other supply offers from 3rd parties.

company doing what they said they would do. holding and watching. gla

8~)

people who think largo have suddenly gone off the rails need to look at the effect of revenue recognition in their business. all things equal, their production and profit margins are unchanged, but they have delayed their booking of income and thus profit to landing goods at destination whereas before it was done at shipping from brazil.

imagine you are working for a salary and agree to defer payment for 2 months, your salary and profit margin are the same but you receieve no cash for 2 montha and therefore make no profit for 2 months. it will adjust in 2 months.