Member Info for HaleSpur

Yes Pb I was looking for $6m loss figure while trying to get a toddler ready. Happy for it to be pointed out although I admit I haven’t read the whole RNS due to family commitments.

Maybe US is still high but other areas are lower see Ryan’s note-
Moving on to the vanadium market, during H1 2022 the London Metal Bulletin ("LMB") Ferrovanadium price averaged US$45.0/kgV (H1 2021: US$33.4/kgV), Asian Metals prices Ferrovanadium prices averaged US$37.2/kgV (H1 2021: US$31.8/kgV) and US Ryan's Note prices averaged US$58.5/kgV (H1 2021: US$34.1/kgV)

Also-
US$8.5 million had been spent as at 30 June 2022, with most of the cost being Rand-denominated.

The Company forecasts a reduced capital expenditure rate from 2023 onwards, limited mainly to sustaining capital, which is expected to support positive cash conversion of EBITDA, particularly as the increased production volumes of Vanchem's Kiln 3 are realised.

Kiln3, court cases, building electrolyte plan, VRFB investment costs are hopefully in the past by the end of the year. It is time for BMN to main 5000MTV next year and pay off debts which will hopefully add the much needed rocket to the SP.
BE will be carved out and the BMN will become a simpler business to understand,

Calamari do you think the investing activity which accounts for a lot of the loss will now cease and operating costs will reduce with kiln 3 getting to full speed and therefore expenditure?
Do you think the Rand/dollar exchange rate at over 17.30 in favour of BMN will counteract some of the V price softening.
Don’t want to spoil your bad news story but for once some positive after a few bad years.

This is the RNS we have all been waiting for hence i've been patient. Positive cashflow from now on should mean it can pay debts and hopefully get the SP to yearly highs.

I'm sure Orion will do their best to help BMN if they make another years interest/additional shares if the full payment is not possible.
Lets see how this pans out with the current climate but my best hope is that I might have wait another 4-5 years until the masterplan is complete to get a multiple return.

Hopefully SA looks like a safe-haven to invest with the corruption, substandard politicians and uncontrolled inflation in the UK :)

To be honest I pay no attention to little movements now. The whole investment now depends on a major material RNS which could be many months from now or next year. 20%-30% moves won't frankly change much for many of us.

Mulder is sweating on his short position hehe

I think as it’s a new formulation they need to start from the beginning and the infamous durability studies still need to be done at a later date.

Its

Good to hear shipping costs are dropping compared to the previous year. Regardless of who is paying for it as it helps the world and it’s customers pay less!

You're such an amateur shorter Mulder for slipping up with your other account that I can't take anything you post seriously. I just can't help but laugh at you, sorry.

There is no correlation between what the Market Cap is doing and the CAPEX mate.

Hi Mulder do you know where my friend ForeMagnus is? I miss him and if you can turn into him again, it would mean a lot to me.

Hi DJH thanks for the calcs as I’ve not had time to look at things and I see why you are worried.
I’m just hoping those calcs are an overestimate if we don’t have a full time CEO to pay for now and some of the ground work on NXP004 and NXP002 has been done.
Also as Soup has mentioned Oxillo and Lanstead should easily see us through to 2023.

DJH while you are looking out for us.
Can you run us through monthly income vs expenditure up until 2024. Many thanks.

Hi Paul my issue is with having Vanchem kiln 3 not running efficiently after setting that June target a long time ago. I could have predicted this RNS going off the track record and there seems to be mitigating circumstances every time.
My pessism is only because I want this share to start moving up and every once in a while give us a top end guidance figure.
Load shedding is effecting many companies which I have no issue with..
There are positives here as well and I hope the US sales will give us a record quarter regardless of issues.

I agree Compass, he keeps missing targets which he has set. 5-6 times just isn’t good enough even though there is nobody better for the job.
No wonder the SP can’t lift off to norms!

Highest average V price in years and even at slightly lower production than last quarter should be the most profitable since pre-Covid.
Maybe the BE and/or Mustang update is being incorporated which is going to be complicated and will take time.