Member Info for Hazbeen

Alfacomp

Do not forget the 3.8m issued at 6.5p in May as well
These may have cleared I would have thought

More shares to be issued yet I am sure

Do not Panic...you may be able to sell at 9p again..half pence profit is not be sniffed at

re-hash of the poor interview at *************

You cannot believe any figures based on the pilot plant
The market does not , it needs the BFS study to change. My thinking and thinking of the
Market . It is all hot air at the moment

Good post Dave , will need to read this again but your figures look right initially Urge to listen to the Crux interview that took place in January this year , shows how far behind this Co is in progressThe BFS study is the most important part to get financing . CEO makes that very clear , without this no financing , debt it off take deals . He needs $ 1.5m to complete this study .The current plant is not producing much and not making money ( he us very stuttery about that when asked )But he admits he needs another $1.5m to pay for the new power line to ramp up production to bring in positive cash So hVe raised $800k just to pay wages and keep in running , no money has been raised for these two vital parts of the project to show real progress . Do very much as we were of January this year .Needs another $2m for a furnace too .All this take of Bala , is nonsense ... jneeds AT LEAST $100 m for just phase 1 to Produce 1m ore or 5000t of pentoxide But this is dependent. on the BFS and plant upgrade completion and then find $100m You are taking 3 years for Bala phase 1I M telling you this CEO is not fit to deliver this project .I like to see hi m offload his 30m shares to the market with no progress .He can talk all he likes about VRB, but he will not be able to produce pentoxide to meet demand

Alfacomp

Based on those figures , how can the CEO state their resource is the lowest customer to produce compared
With other producers ?

Months away
Early discussions... nothing concrete ... will need plenty of assurances that Co can produce
In required quantities ... this is 2-3 years away
So like I said hot air for now

Alfa
Did you watch the Crux interview ? Jan 2020
Co gas not made progress since then apart from 2equity raises less the 800k

https://youtu.be/c8D_EEml02Y

Alfa
Spot on with your comments .
When I mean distraction , what I mean is their time and cash is needed to
Develop and upgrade their pilot plant .
The VRB route is a longer term objective .. any patent ,even if feasible will take a while .
The problem with that has your tightly say is , a higher vanadium price makes the VRB battery
Less cost effective , this is why sub $10 is ideal
But higher prices benefits Co supplying the stainless steel market

VRB is a side show and distraction
Stainless steel in the main market for its resource .

Potential is there , but can it be delivered . It has to meet the derisking milestones to be valued higher.. just like most junior miners .
A lot of money needed and few years before bala will be in production
It will be in 2 or 3 phases too not overnight .
Let’s take it step by step ... as always rampers get ahead of themselves , then wonder a spike in the price falls back again .
First get this pilot plant ramped up .. without that nothing will progress .
Then get the western feasibility study completed .
Oh do not forget the other conflicts I mentioned below .

That is desperate .. confirming a ramping day trader

I see the rampers have come over here now
You are all rehashing old known news from the website to meet your agenda .
Here is a teal and cute t update for the newbies . Ignore the rampers like donotpanic.
The news flow over the last year has been the cause of the fall here .
Co needs money .. another $4-4.5m if you believe the BoD
To ramp up ( 1500 units ?). Which is not huge but brings in cash flow .
But this has dependencies on power line installation and funding as I said
The BFS is the key to unlock the value and derisk the resource . This was due end of this year but has been out back by a few
Months until early next year .
The Director has been trying to sell most of his 30 million shares as part of his divorce settlement but this was
At a detriment to the Co share price as no takers .
So Mr Brigden has had to suspend selling and has put on hold for another 8 months more ( was 12 Months when initial RNS came out ). So one minute he is trying to raise funds and BoD wanted to offload too. A conflict is it not .
So be careful here .
Co needs an off take for its resource , not anymore dilution .
But it may happen once the BFS has been completed as any taker may be reluctant
Until it has been derisked .. but you never know .
The patent application seems like a bit of hot air to me and the Co needs to focus on ramping up existing pilot
Plant production .
Quite strange the Co has jumped in the VRFB batteries . On the Crux interview , he was not optimistic about demand here
, the focus was on stainless steel demand for its product
Do not know what to believe with this BoD ... last few RNS’ are just rehash if same information
I guess it is possible he has nothing to say as nothing has progressed much in the last 12 months .
COVID and lack of funds has pushed progress back
Early next year is when I Expect some decent update

Agree with that totally
Co is not transparent enough
Give it 6 months to get a better idea

A bit annoyed with myself for misreading the bonds value
Would have sold at 15p yesterday

This is still hot air .. Co is not forthcoming with new power line update
COVID update and his operations are now running .
And also where BFS is at

I still think next year when I d or two to hear more
Unless they can pull a rabbit out of the hat

You are right !
10 measly k
So another just over $4m needed in my books

Alph

10k... hmmm misted that !
Let me read that again

AndI have to see the Co has done well to raise this money with minimal dilution
To be fair the BoD did say that was how it was being planned
So delivered it
At the time he said mainly debt or offtake and small dilution
So one tick from me , and I have been critical in the past
I am more optimistic now

No I do not understand why this much has been raised when only $5m was needed
Something else going on we are not aware of yet

It is not a large dilution in the scheme of things , and 8p
Still life in this dog :-)

And we had have money from the bonds

What I do not get is the Co only needed $5m in total