Member Info for JP8891

Glencore lost billions in 2013, 2015, 2019 & 2020 in the last 10 years.

In 2013 a year which Glencore lost 8 BILLION! - he got paid 1.5 million basic and 109 Million in dividends!!

Fortune got paid 425K US. For being a CEO of a listed company with a plus 100 Million turnover.

What do you expect any CEO of company that has a 100 Million turnover to be paid?.

I means seriously what pay would you be happy with?. He is not getting any bonuses whilst targets aren't being hit.

So financial performance was not met and the CEO / CFO took a pay cut from 2020.

Prudence in running a company.

One would argue, part of the economic war with China is to hurt them through high commodity prices.

US happy to have high Vanadium price to divert exports away from China. China needs an inflation hit to justify its expensive asset bubble plus keep up with average weighted goods basket cost in Dollar. Especially as it is such a large net importer of raw materials especially foods.

I am not sure wince is the right word when looking at the debt section of the accounts.

Half the debt is very long term so not really of concern.

The IDC debt has no interest nor repayment time frame.

The CLN to ORION is obviously the main concern, needs to be addressed.

Director renumeration has pulled back by about 30% since 2020 so I don't see that as an area of concern.

We need to get cash costs back to 17-19USD and AISC costs of 25 - 28 USD. Which one would hope could become achievable of the back of lower oil prices and higher outputs.

I still think 5 Million needs to be shaved of admin costs.

The one thing you seem to have missed in looking at the accounts is the 296 Million in assets!!.

To get Vanandium prices away from government influence you need to make it more openly tradeable as a commodity.

Which Largo did with there directly investable largo physical vanadium.

I don't think China can hold down Vanadium with the VRFB demand coming online. Low prices are also hitting their own companies Pangang Group Titanium & Vanadium has dropped 33% in value in 2 months.

The USA need higher and stable prices to get their own mines off the ground, they won't want to buy off SA forever.

Pricing cycles generally always work to re-inforce the larger players in the market. The weak get picked up on the cheap by the big uns.

Cindercone - I think that is quite a character assasination of Fortune. However lets play out you belief as true.

Now find me a CEO of a South African company that turns over plus 150 Million USD a year that doesn't fit your description!!.

SA doesnt sit midish table on corruption for no reason. I want to add I don't think Fortune is corrrupt for a moment, I actually rate him.

You think the load shedding deal - was done because Fortune said please to Mr Energy provider!!. The energy providor got something out of it, or it was told to be a higher authority.

Fortune has a desire to improve SA - but that doesn't come without climbing the greasy ladder.

Now CC is opening up.

CC will go long when he gets his buy price! so some of his thoughts are to some extent valid.

He has possibly hit the nail on the head re China / USA price control. China more so.

China is investing more in VRFB than the whole world put together!!. Yet the Chinese price for Vanadium is dropping accross the board. Manufacturing output globally starting to rebound - Yet vanadium dropping, it doesn't add up. Unless of course you have some market manipulation going on.

So CC - When will China no longer be able to manipulate the market and more importantly what do you see happening to the long term price of vanadium?.

So CC are you saying FAR is fairly valued and BMN is overvalued?.

Everyone on here knows (Or should) - the difference between an explorer with assets and a miner with serious revenue producing assets are a grand canyon apart. For that serious and fair valuation should be attributed.

Haha - They will conveniently remember when they take long positions and want to actually try a get true value reflected!.

Is this not all based on fulled dilution of the CLN 40 Mill at todays share price?.

Cinders are you really going to berate over 2% - which has been explained by worse than expected weather!!

Have you considered it would be unrealistic that Fortune would want to include Orion & BE in seperate RNS. I certainly expected nothing more than a production and sales update. Which I was more than happy with.

What I was also really happy to find out is the Mini grid will do 10% of our electricity needs. I can see this being upscaled very quickly to 30-40%. This will pay dividends in terms of offsetting the outages and help us to achieve 5000MTV a year.

You have hit one nail on the head and it is absolutley the reason you are still here.

FLAVOUR OF THE MONTH! - 100% agree - we are not the flavour of the month. But the reason you are here is because you know there is a very good chance that will change, with it your tune.

My guess is what you are looking for is a sentiment change and the minute that happens you will be praising Fortune to the top of Everest!!

Surely though by admitting we are not flavour of the month, you agree we are massively undervalued.

The big question as always is what is the nitrovan premium on published V prices??

Amazing that all the trolls told us that we were on stage 100 this quarter and production was screwed.

Hope the RNS shuts them up. Pat on the back for PDUB for keeping the forum in some form of decorum while PI's pulled their hair out listening to the doom mongering of stage 100 load shedding effect!!!

Guidance still on track. Cash cost down.

I imagine we will hit 3p now!!

Fairly decent drop, along with more properties coming on the market, I noticed no confirmation on average sale price like for like, fairly easily calculated.

While the BOE rate is high these guys will suffer unless they get ahead of price drops.

Redundancies at head office needed. You can't have people twiddling their thumbs whilst transactions are down 42%.

Arguably this all a stitch up anyway, all the housebuilders capping sales together to control market prices.

Maybe they can use the down time to train their trades so they can build homes to a good standard!!!

The issue is not demand, it is demand at price level. They could sell twice the amount of units if they dropped prices to affordable levels.

CC I certainly give your posts the time of day.

However your last post - point 3.Buying something else this morning,.....

If that is the case post on that board not this board!

Bickering on an online board like school children!!

Wait for news, hope its good!

I do feel alot is not going BMN's way. I feel Fortune wishes to succeed and will, lets hope he succeeds without destroying shareholder value.

Not sure if this has been put on here but here is the YouTube link. 40/41mins in Alberto talks about vanadium and VRFB.

More VRFB installed in 2022 than previous 40 years wow.

He is very pro positive vanadium price outlook.

https://www.youtube.com/live/sEa96HzEHfE?feature=share

Is a direct shout out to BMN.

Strangely that warms the ****les of the heart. A sort of invisible hug, that Vandium and BMN will prosper in SA. Lets just hope the patient PI's benefit!!