PYX Resources: Achieving volume and diversification milestones. Watch the video here.
NT to buy going into the close. Dummy sells at the close 18p on the bid. V prices expected to rise further overnight.
All looking very positive and expect a tick back up towards 20p tomorrow prior to the holidays.
GLA
Paul, that was my post from yesterday .
This is really beginning to get exciting!
More daily rises across the world overnight with Chinese prices edging very close to $30/kg. If the magnitude of these rises continue it looks likely to burst through possibly towards $35 in short order.
My crude estimate based on 2021 production levels would be that for every $ increase from here would add approximately £2.4m to post tax profit, which should equate to roughly 2p on the share price.
So with a move from $30 to $35, I would estimate the impact would be to add an additional post tax profit of £24m per annum which would add 10p to the share price.
There is generally a lag as V prices move, but If 2-3% increases overnight continue I would expect the SP to move relatively quickly through to the mid - late 20’s.
Let’s sit back and enjoy the ride!
GLA
This is really beginning to get exciting!
More daily rises across the world overnight with Chinese prices edging very close to $30/kg. If the magnitude of these rises continue it looks likely to burst through possibly towards $35 in short order.
My crude estimate based on 2021 production levels would be that for every $ increase from here would add approximately £2.4m to post tax profit, which should equate to roughly 2p on the share price.
GLA
http://www.asianmetal.com/VanadiumPrice/Vanadium.html
Total contract is £0.7m inclusive of approximately £0.1m V, so Vanadium element of overall contract is small, which bodes well as any increase in V prices from current level will not have a significant impact on future VRFB contracts.