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Nothing yet - I sent a message to Hargreaves Lansdown a couple of weeks ago and they said they would be in touch when they heard from URA. I've not heard anything from them since then.
MertyMcS, I didn't get any more information on the time frame, just that the process is underway:
"The resolutions were passed and the court process mentioned in resolution 9 is currently underway and the Company will provide a further update on the process of the distribution once this has been completed."
I don't think it would affect the URA shares that we hold - they will presumably remain in whatever account they are in, until / if we end up being relisted on an exchange. The Ananda shares would likely be given out in addition to the URA shares, so you would hold both of them in an account; the Ananda shares could potentially be sold though as they are listed and therefore tradeable.
dannatt, yeah I've not totally written this off - at least something may be recoverable.
I emailed the company a couple of weeks ago about the distribution of Ananda shares and got a reply almost immediately - it was approved at AGM and they're now working through the legal process to allow it to happen.
There were updates being posted on https://www.uraholdingsplc.co.uk/ but the website seems to have (temporarily?) become unavailable in the last few days.
Beyond that, I have no idea what's going on with other aspects of the company.
James0309, thanks for clarifying! My numbers included around 1/3 taken off for taxes, royalties, bonuses, repayments etc, but even if we have to take another 28% off of that, we should be adding 1.4p PER DOLLAR to our shareprice on a PE of 10.
Given that vanadium prices are rising at around 2% per day on a base price of $30-35, that's 60-70c rise per day = 80-95p per day.
Markinvestor, I'm more than happy to verify my holdings / email address / former business with the Bushveld Perspective if that's still a thing? I know know from the last few years of lurking that this board is (quite rightly!) skeptical of newcomers.
Absent that, I would invite you to look at my profile and see the username's registation date - way before the majority of people even knew whaa "corona" meant ??
Oh damn, I'd not even made the connection to the infamous "patient 31" over here :/
Fortunately, it's nothing related to that - my username dates back to 2013 when I first registered - it was adapted my old university email address where I was the 31st person with my initials to pass through the system.
You might be thinking more of HK / Taiwan - the modern Korean ones tend to be a centralized aircon system for the building that each apartment can individually switch on or off by remote control. The cold air comes out through the ceiling but individual apartments don't have their own aircon units. Older buildings here still have external aircon units (and often solar panels) hanging off the balcony or window frame. Those might be the ASHP systems? Most new-builds in the last 5-10 years have centralized ceiling aircon and separate underfloor heating though.
The apartment may well do, it was built in 2013 so I guess it's pretty up to date. I generally just pay my bills and don't worry about where the heat is coming from thought. From Snott's link, is the fluid cooled in order to extract heat from the environment? Otherwise it seems a bit like this:
https://mozey.files.wordpress.com/2007/02/heat.jpg
Snott, thanks for the link I'll check that out. I've been living in a multi-storey apartment in Korea since 2013 so I'm completely out of the loop with regards to houses - it's not something that's been on my radar until I saw it on here!
This seems like something we should be shouting from the rooftops, no? This is all based on my understanding and other posters with more knowledge might be able to update / correct this, but this is how I've been roughly calculating it:
Let's take a middle value for estimated 2021 production as 4,200 tons. We'll asssume metric as no-one has specified US tons. Each extra dollar on the vanadium price gives $4,200,000. We own 74(?)% of Vametco and 100(?)% of Vanchem. We'll assume each produces 50% of the total production, for the sake of simplicity and because we don't know the exact post-refurbishment/upgrade numbers, or how shutdowns will affect production at either location. That means for this calculation we're assigning 87% of the $4,200,000 to Bushveld, giving $3,650,000.
Out of that will presumably come tax, royalties, potentially Orion repayments and potentially performance-related employee bonuses - I don't know what that total will be, but let's conservatively assume it leaves us with around $2.5-3M extra profit per $1 of vanadium price, if it's sustained across the next year.
At a PE of 10, each $1 increase in the vanadium price should be adding something like 1.8 - 2.2p to the share price.
Once again, those are my very rough estimates - if I've missed something, please don't hesitate to correct me. But if my understanding is right, let's shout those numbers far and wide - we should be adding that every couple of days at this rate of vanadium price increases!!
Alfacomp, forgive my ignorance (and lack of posting history - lurker and holder since 2013, but very rarely post on LSE and never on BMN); do you have any links that could explain how that kind of heat pump works? I'm not doubting you for a second, just a curious biologist who's not heard of anything like that before!