Member Info for Lamps56

‘Financial obligations’ associated with the permit. Presumably a requirement that the company demonstrates that it can afford the (annual?) licence fee. If so, how unusual.

I wouldn't get hung up on the wording, despite the ugly split infinitive. Probably a compromise with the Chinese version. I think we can conclude that things are creeping forward.

Has the market twigged that V prices may be on the turn?

There is a negative narrative developing here, somewhat at odds with the investor presentation today. CC stated on several occasions that there was risk if the V price didn't tick up this year, and he admitted that he was looking hard for short term investment, but I didn't sense the inevitable demise implied by the foregoing posts. There are some green shoots on the V price charts, and who knows, if it turns around then there will be a different conversation. If you don't take the risk you won't reap the reward.

And p.s. Isleworth, my apologies, I was joshing with you. Course you averaged down, we all did.

.... so fortunate.

Isleworth: `60% loss' tomorrow? So you bought at 1.5p? Long term project for you then. Wish we could all be fortunate.

You couldn't wish for a more straight talking CEO. Even admits his own incorrect assumptions, as well rightly lauding the turn around in production efficiency. However, apart from securing some short term cash (I'm sure he will) it seems as though V price is the dominant factor going forward.

Sushi - you clearly haven't been following the story here. Looks like you are shooting from the hip due to your extensive range of stock interests. The demand for this product is so huge that the company needs to make a step change in its financial model. They may well need to raise funds as HarChris mentions, and the important question is how they will do it. However, this is the future of energy storage unfolding in front of us. Wait for forthcoming anouncement.

Sham - you are making definitive statements with no qualification or reasoning. Why don't you see Vanadium price recovering? How do you know that production `will' be stopped'. Debt repayments are geared aren't they? I think the basic problem is that the company has short term cash flow problem due to circumstances beyond their control. Let's see what Craig C. has to say on Monday. Hopefully he has figured out a solution.

Can’t disagree with that. ‘We are pleased to anounce …….. a 30% drop in the SP today’. Happens all the time when there is a suspicion of cashflow problems. Why do it. h

Steven, if you think it is a bad investment, say so and invest elsewhere. You have not changed your view for as long as I can recall. Presumably you have divested your holding. So why keep coming back to comment so frequently?

I am hugely disappointed in their performance, but I think that indictment of Wardle is harsh. If you need a temporary injection of cash you would get from the fastest route.

Possibly on the turn? The rate of decrease was a bit slower last month and we are now seeing some green on Asian Metal.

Thanks Troajan, about to say the same. Market doesn’t seem to have the same pessimism as some of the doom and gloom merchants who have lately reappeared on this Board. I just reduced my average considerably. Vanadium ore still in the ground and record production figures. Will be back to yesterday’s levels in no time.

Grrshaw: I sense some poorly veiled sarcasm there, but we long term shareholders are only expressing frustration about events over which we have no control. I am assured, however, that talk of a takeover is utter b*llocks.

And as soon as I said the SP was frozen, up it goes, with significantly lower volume than the last few days. Feeling like a mushroom.

So clearly this SP has been frozen at 23.75, presumably to shape an imminent II deal.Doesn’t seem very fair to the PIs who have invested over the past week or so.

Your posting history belies that declaration.

Over £300k today, so that’s over half a million quid in two days with no significant effect on the SP.

Dvharrison,: you were an insidious deramper, now you are just throwing out wild statements without reasoning. Suspended for what reason? Green coffin.