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Great research, SloppyGuiseppe!

Delighted to hear that the South African govt are taking action to help the mining industry.

Also encouraging to hear the Chinese Vanadium prices are continuing to increase.

Know I posted this before but please check out this article here - which formed part of my thinking when I posted at 22:08 last night. Also v exciting.

https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/renewable-energy-stimulus-boost-future-vanadium-demand/

Whoa a couple of big buys have actually been reported as buys!!

23-Jul-20 13:05:06 11.44 138,216 Buy* 11.00 11.50 15.81k O
23-Jul-20 12:57:30 11.44 157,342 Buy* 11.00 11.50 18.00k O

12:30 11.225p 178,062 shares Sell* 11.00 11.50 £19,990

Classic

so I believe the fall is justified to be honest

If this drops sub 700p I will be very tempted because otherwise GVC are a really solid business

May sound weird but I'd prefer to buy at something closer to the ask (11.5p) than the bid (11p).

But yeah it's an excellent price really. You're basically paying 11p for something with a NAV at close to double that.

Now offering me 11.17p to buy. It's feels like they want me buy to look like a 'sell' so may just accept it cos there's strong support at 11p and this is insanely undervalued.

which means it would probs come out as a sell.

Will try again in a bit...

Miagi, thanks for letting us know.

It's a relief because the chart was looking pretty dire a few days ago!

As was the mood on this bulletin board actually.

Seems like the mojo is returning!

Ah that sounds exciting!

We have to be mindful that the Q2 Operational Update (released on 31st July) probably won't look great since the Vanadium price in Q2 2019 was much higher than it has been in Q2 2020.

So if, at the same time as that, we have great news about production progress that'll be hugely exciting. If it wasn't for COVID-19 there would be no doubt in my mind that production would be much much higher than last year now we have acquired Vanchem but the pandemic has caused me to wonder, so it's great to hear rumours of very strong production figures!

Which would represent a 36%+ increase vs last year's 2,931 mtV

Munchbox,

Thanks for posting but only a month ago the BOD said that they were still expecting us to reach our production targets, and we can see that the shipments of vanadium are still being made, with 40% profit margins to the US, and much higher profit margins to China where they're buying vanadium at higher prices.

Let's also not forget Bushveld has had their mine workers down tools for 35 days in the past and still continue to increase production and profits which demonstrates what a resilient business this is.

So I struggle to understand how you say Bushie are stuck because they really don't appear to be. And the COVID-19 situation worsening in the past few weeks alone is not going to massively change the dial.

If you're reading what we're posting properly you'll see this is massively undervalued as it is so I see no reason to be anything but bullish at this ridiculous share price.

Do some proper research before posting next time. Don't just watch 1 news report. No offence.

*Biden isn't one of the "Green New Deal" sorta Democrats demanding 100% green energy and 0% from fossil fuels but undoubtedly US demand would multiply under a Democratic president.

I've been pondering why there is a territorial difference between China (where vanadium is selling about 30% higher (hence why Bushveld have more than tripled sales to China) vs elsewhere; especially the China vs US difference; and I believe one of the factors is Republicans have been in control these past few years, and they're absurdly resistant to investing in renewable energy.

The good news is that, the new stimulus funding that has been announced, includes LOADS of money being chaneled into renewable energy generation, with US$35,000,000 committed to offshore wind farms in the first half of 2020 alone — that’s up 320% year-on-year.

The additional bit of good news of course is that the US Elections are less than 4 months away and the Republicans look on course to lose the Oval Office, the Senate, and the House of Congress to the Democrats, who are know climate change is a huge issue, and they will do loads to invest in green energy. All of which will increase vanadium demand.

Biden isn't one of the "Green New Deal" sorta Democrats demanding 100% green energy and 0% from fossil fuels but it's uncountable that US demand would multiple.

We're also seeing Australia make huge efforts to switch over to green energy sources (especially solar farms) which will also increase vanadium demand.

The UK appears to be increasing demand too (look at the massive Cleve Hill Solar Project in Kent that has been approved by Boris's Govt).

If Europe could also follow suit that would be remarkable.

In addition to all of that we're seeing more companies starting to invest in vanadium. Colruyt Group has announced they are already. And, as I mentioned, I know of UK multi-billion pound company wanting to invest in energy storage batteries (hopefully vanadium). And there'll be countless others I'm sure.

At the same time we're seeing more and more stories about the fire hazard of lithium batteries. I mentioned the ones used in e-scooters earlier but there's loads of stories out there. These stories will force there to be a switch. If vanadium could capture the Electric Vehicle market that would be hugely exciting (exactly what Colruyt Group are going to be doing!)

Naturally all this will increase the demand for vanadium.

That vanadium has to come from somewhere. Bushveld currently supply 3-4% of the world's vanadium. With Vanchem as well as Vametco, they plan to be able to increase this at least 3 times over in the next few years.

When you think of the bigger picture, everything is going in the right direction already. And if Trump loses in November that'll accelerate at an even faster pace.

Correct, RFX is much more reliant on foreign currency exchange (people going on holiday!), which is why I now believe HAT is the better investment out of the two.

Have to admit I haven't bought in yet because DLG and BMN are my focus for now, but I do intend to jump in within the next 3 weeks, so am keeping a close eye on this.

Share buybacks are completely pointless in my view. Would much prefer the money is returned to shareholders as a dividend instead - something I'm confident will happen eventually.

Hadn't thought of a 1 for 10 consolidation but that's actually a great idea! The fact we have so many in issue doesn't look good and it's so unfortunate because the number in circulation is basically due to the deal making that had to be done back when we were at sub 3p.

Also, as an observation, it seems like 292-3p is becoming the new 'floor' since it has remained above that price for the past 7 trading sessions, and seems to have bounced off it whenever its reached that point (like today)

Very wish choice, SirSwish - you'll be thanking yourself within a month I'm sure!

Wonder if the MMs have dragged the price down to allow someone to purchase bushie shares in tranches of 100,000 / 130,000 at a lower price. Basically looks like this may gap back up to 11.5p by close.

800,000 shares are down as Buys because they're deleting sells from yesterday - anyone seeing this?

Ah yes, you're right actually. Feeding in to the point I was making that we're already mining, processing, and selling lots of vanadium!