Member Info for JP8891

Or house prices just drop!!,

House prices are well over cooked. Time for them to drop like a lead balloon.

2016 - Persimmon average sale price was 208k. Total profits for the year 750 Million!!
2022 - Persimmon average sale price was 248k. Total profits for the year 1000 Million!!

Back to 2016 prices and profits. Everyones happy. If PSN want to make more money - build more houses! the country certainly needs them!!.

There is not a shortage of demand for houses. There is a shortage of demand for houses at current prices.

Before everyone harps on about increased inflation and 2016 selling prices not sustainable. Maybe going back to 2016 prices will allow persimmon to re think how much it pays contractors, some of their glorified workers whose only task is to lay blocks in a straight line & vertically (Which they barely can) get paid a fortune for what they do, that would certainly help bring inflation down.

Prices down - Good for sales. Pay everyone involved in building them less - good for inflation - WIN WIN!

That sentiment is eerily similar to that of, when prices where at the 2p mark (before they went to 7/8p) and 8p mark (before they went to 40 p plus). Both with investors questioning why have I found a bargain and why can no one else see it.

I actually have it down as a strength and weakness of this share. BMN does not have broad market appeal, from an investment point of view. It is not easy to understand, it is possibly (hopefully) at the start of the next phase for the company. To which we bring profitable revenue in from multiple sources.

The market rarely pays attention to 'possible' it invest when it is done.

I don't think it would be easy to takeover BMN. Not until everything is cleaner from a strucural point of view, also at what price?.

If everything carries on as planned why would I let my shares go at anything less 50p!

the month so far.

Nitrovan is one the most superior forms of Vanadium for steel strengthening. Needing 40% less product to have the same output as traditional ferro vanadium.

The big question is - if you need to use 40% less what is the premium you would pay?

Cold commissioning has commenced. Very good to hear. My interpretation is plant done and working just waiting for orders!!

Also remember that 18p is on the basis that we dilute 35 million at current levels.

So if we don't, the value is at 31/32p.

On long reflection, whilst I would like to have seen more happen I think other than Belco it has been a wise strategy in hindsight.

Let's say we had gone full hog and set up a battery facility. It would have taken far more resources, but critically the market wouldn't have been ready.

Going down the electrolyte route has allowed us to make a shippable commodity and exploit demand in whichever market has the strongest VRFB demand.

We let someone else do the hardwork selling the battery,dealing with client, dealing with various factory's etc.. (all resources intensive) we come along with the vital commodity and make a decent amount from the most critical part!

The technology and uptake is all changing rapidly, which again will be resource heavy. All we are doing is providing the most critical part.

There will be VRFB manufacturers galore soon. But I don't think there will be electrolyte manufacturers 10 a penny.

Are you sure?.

I cannot see a schedule for east london in the eskom load shedding schedules.

Thats a great graph. The gap is unbelievable.

It also doesn't factor in that the previous SP was a company that was producing sub 3000 Tons a year and we are now plus 4000 Tons a year. pushing up to 5000 Tons a year.

To add and for me this is the big one with their valuation report.

You have correclty put all the ARC valuation figures. But without inlcluding their caveat. Their valuations are based on full dilution of the 35 Mill at current 5p prices.

With Vanadium & Rand so high. I do not see a need to convert all of the debt repayment at 5p a share!!

If their is no dillution (In Fortune we trust!!)

Your figures almost double!!

Scrapping the barrel now!

Strikes due to lack of skilled workers - worldwide problem. Agreement in place with the workers for 5 years - more than can be said for royal mail!!
Failure of critical infrastructure - Its not failure, it is demand related. SA has had this issue for years. Luckily there are now viable alternatives an SA can utilisie the sun with VFRBS!!!!!!!!
corrupt government officials - worldwide problem......next........
global recession - yeah in consumerism, ever so slightly. Big infrastructure projects tend to increase in recession... only helps squeeze the V supply!!
Debt refinancing/ dilution - Been covered time and time again.
High V price and impact on redox flow battery market - HAHAHAHAHAHA - you are worried about high V price for a miner of V - REALLY!!!
Limited Interest cover in free cashflow - Do you even understand this sentence?.
Key-man dependancy (no not you pdub) - For entertainment purposes can you enlighten who you believe is the Key-man?!

I also didn't see this.

https://twitter.com/cellcube/status/1605553228283682824/photo/1

Should have arrived by now!. Must be getting close.

When people wake up - the supply deficit is likey to be huge, with not enough supply coming online.

It could be the perfect storm. Orion repayment will look like loose change!

https://cleantechnica.com/2023/02/14/the-latest-on-vanadium-batteries-join-us-for-a-live-conversation/

Very interested to here where they are on residential vanadium batteries.

eatstocks - I think its unlikely you will get any form of financial info from HQ.

What they might be able to give is the timeline on guidance for BELCO financials. I think its very fair to ask the question. On the basis BELCO is planning on being completed with the next 18 weeks. There needs to be guidance to the market as to what shareholders can expect from BELCO.

BELCO - has huge potential. We know very little about its financials. I assume the plan is once completed (Hopefully very soon), its not to leave the lights off, but to be producing and selling product. The market is very in the dark on the next stages.

We know capacity is only 200MW at 8 Million litres a Year!. Which lets face it on current news won't cut it. So I would like to see a full uptake agreement RNS, with a review in to increasing to 32 million litres.

I'm not sure its a big seller. I think if anything its a trader. If you bought last week at the mid 4s you can now get out low 5s easy money for a weeks work!

VRFB and energy storage articles are now 10 a penny every day. Flow battery systems are getting continued world wide MSM coverage.

Lithium storage systems are getting worldwide negative media coverage - see all the fire videos & safety concerns.

Steel requirements and the requirement for quality steel is increasing and by the looks of it will be increasing considerably with current world events. Earthquakes / US infrastructure plans / bounce back in areospace manufacturing / war / tighter regulation on quality of steel in construction.

Supply of Vanadium - appears to be very tight now. Whilst every day we get closer to more electrolyte processing facilities (Mulitple) coming along around the world. With one of the main ingredients being vanadium. This is backed up by the growing projects / orders for VRFB systems around the world.

The heavy PI investor base in BMN means we have a lot of free float. This tends to mean the lows go low and highs are high!.

The above doesn't even take in to the account the possible BMN news of.

Grid completed (Not that I think it will have that much of a SP effect)
Funding Secured (Huge affect on SP)
Production targets hit (Big effect as this will show a lock in of profits)
Mustang News (Big if we can get a main market listing)
SA Load shedding (Big in both ways, if easing positive, if not negative)
BELCO producing (Big - I don't think the market has confidence we will delivery, so if we do very positive)
Electrolyte supply contracts (This is the big one for me, show me companies handing over money for our electrolyte and the market will have to wake up to the fact we are not a one trick pony.)

So If we work on a 5k a container saving half a million US saving a year?.

The drops have been huge and rapid, so very possible a higher price has been used for guidance.

Fortune is pleased to announce bmn has hedged it's dollar Rand rate at 18 to 1 until October 2023.

Bmn published their vanadium content guidance. From operational update -

'Each litre of vanadium electrolyte will contain between 82 and 92 grams of vanadium, with the plant using over 1,100 tons of vanadium oxide equivalent at full production.'

It also costs mega multi hundred millions of USD to set up a primary producing plant, which creates a large barrier to market. Funding is very difficult for these type of projects.