Well if this keeps going up $1 in vanadium price daily, isn't that $4m in the BMN coffers extra once we get past the profitable point. I know run rates and production costs have changed since the old active board used to mention this.
My younger brother was one with a decent profit in SNG last week and I did advise him to take his original stake out after my mistakes on here has shown him. He obviously saw takeover talk ramping and like others did not see the other side. Anyhow he's young and not lost his shirt yet so a good learning experience.
I feel for investors in SNG after experiencing a similar drop here. The only difference is we have a couple of products that could make us profit if one doesnβt.
$45 will be good for vrfb and general sales to steel market. I suspect with increased inflation, energy and shipping costs since the pandemic $50 might become sweeter for FM.
Waiting for $50 before I get excited and might move away from my self-imposed ban to buy any more here. Some would say the SP will be higher but sometimes itβs better to buy when prices are de-risked
Good spot Soup, considering the last notification with 34.4m shares was Nov 17th 2021 and down to 26.6m The average still stands but it looks like they haven't dumped in an orderly manner like they are expected to.
I think the demerger was confirmed on December and 8th February was the last RNS regarding this. The SP has halved since January and doubt the coal side of things is worth half of its operations. I suspect the SP would have gone down 30% on the 8th Feb if the RASP demerger was the reason.
If the UK sanctions Russia along with other countries, does that mean the world cannot do business with Evraz? Does that mean the west will not buy vanadium from Rhovan in SA and Russia further squeezing the supply of V?
I see the conglomerate has lost billions off its value.