Member Info for HaleSpur

seen some 14p buys on the shares magazine site, which is more up-to date for current trades but not live.
Wow that's all I can say and hopefully like I said earlier the placing shares have gone so MM's have to move this up just on general buying.
Hopefully there is a foundation for this with good news due, yet this is still massively undervalued.

Colt we would be down if there was news :)

Back to 11's now so hopefully we consolidate there for today. That's still good for a quiet rise and don't want too many wild swings to entice the pump and dump crew.

Bit more dirt on cantor... They have been fined $3.2m for what seems like trade data defiencies.
https://www.google.com/amp/s/uk.mobile.reuters.com/article/amp/idUKFWN2BU15S

Hi Evidently no offence intended , but I think you should go back to reading every single RNS on this site for the last few years like I have done, before you start thinking about projections about vertical integration.
You can't make any projections with significant holes in your current knowledge such as not knowing about there being an electrolyte plant being built and that Invinity does not produce electrolyte.
Then I think those with more knowledge than myself will probably help, otherwise you aren't helping yourself. GL

Yep agree Knuttie we don't make concrete and Invinity don't make electrolyte in the UK.

sorry typo

Short answer, the $10m electrolyte plant is due to be built this year and then it can supply to its hearts content and worldwide.
Until then they will need to use an electrolyte partner for the small scale projects but it is still profitable supplying vanadium. This in turn will in turn take Vanadium out of the steel market.
Please refer to the BMN RNS page to view progress on this as it will show the approvals over the year. GL

Sorry can't post Vox links so just look for the podcast on 20th Feb on the vox market podcast site.

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Just the 20th Feb Podcast with Dan Gooding for those who need reminding. Seemed bullish with regards to the NXP001 & NXP002 deals.
Hoping we hear Ebers or NXP001 first though to get us back to around 8p for a good base to spring from.

Credit to The Bushveld Perspective AM on twitter.

Thanks TBP for sharing this link -
https://www.wired.com/story/electric-grid-needs-big-vanadium-batteries/

Wired.com has a good reach to the mainstream and regularly read their articles on Apple news.
The word is slowly getting out and just need to get utilities to get on board.

BMN is always down during ISA month so no correlation ;)

Bassguy I like this principle below as it could be BMN on the 2nd page of the foreword. There isn't a dividend because money is being continually poured into the business and eventually the compounding will come into realisation by holding for the long term.

For the crux of Smith’s insight, I will quote an early reviewer of his book, none other than John Maynard Keynes: “I have kept until last what is perhaps Mr. Smith’s most important, and is certainly his most novel, point. Well-managed industrial companies do not, as a rule, distribute to the shareholders the whole of their earned profits. In good years, if not in all years, they retain a part of their profits and put them back into the business. Thus there is an element of compound interest (Keynes’ italics) operating in favour of a sound industrial investment. Over a period of years, the real value of the property of a sound industrial is increasing at compound interest, quite apart from the dividends paid out to the shareholders.”

Hi Rob, I think the cash pile will be needed for the Electrolyte plant, Vanchem refurbishment and Mokopane development which I'm sure will amount to over $50m. Add to this the other minor stakes in VRFB manufacturers and the majority of Vanchem paid upfront.
With current low V prices and Coronavirus, FM will be careful with not spending every penny on expanding or investing when survival is more than enough.

Cheers for that Gr33ning68. It was a good read and something we should all have a good think about. I suppose a lot of us are looking far too ahead when at times we need to live in the present.

Hi Rob good to see you again.
BMN want to be the supplier of Vanadium/electrolyte to multiple companies and are happy with the huge pipelines the companies already have negotiated. By having a small stake they get first refusal on hopefully more than the two companies that they are involved in, and don't need worry about their day to day operations.
By investing small amounts in many companies, BMN will have their fingers in many deals and electrolyte sales will generally be more profitable than FeV.
This in turn should increase V prices due to demand increasing without much further production around the world.

I know you are just speculating on numbers, but if there is a Vanadium price spike then this could be 6 months. If there is a BESS contract worth multiples of current MCAP then it could be in a few months.
If this Virus causes the great depression and nothing changes for us on the energy front or V price then maybe 2 years just based on expansion. However I don't see all of those happening. 4000MtV and possibly more will be good for BMN's cash flow to achieve its plans.

BMN's short loan data for March is 0.3% of the company.

Suppose we only think about China's V production and its effect on the market. However with Rhovan and Vametco stopping it will have an effect on V prices across the globe.