Quick Recap - Strong Buy4 Mar 2021 10:55
- Ridiculously low market valuation at present vs any analysis of Fair Value. Let’s not forget annualised production has already increased almost 40% since the start of the year, and is due to increase so much more over the next year. On this basis alone, ignoring all the exciting non-mining/Green operations, we should be at 35-40p already. [As I went into some detail on yesterday]
- Green Stock as well as an excellent mining stock.
- Investors Chronicle, Financial Times, Myles McNulty, and many others have all tipped BMN in recent weeks.
- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it!)
- Vanadium prices have risen massively in recent weeks, and are expected to reach $45gV at the bare minimum this year, and BMN's share price always seem to track the commodity price sooner or later (Don't actually think that's fair necessarily but that's what has happened for years, and that's now a very very good thing!)
- Vanadium prices are now rising so fast I believe we will see $45kgV later this month
For newbies, please read Lionel's Summary here: https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428
Upcoming Newsflow:
- Vametco Phase III expansion project news (using Orion Funding)
- Vanchem Phase I refurbishment news (using Orion Funding)
- Enerox news - MoU with AVL (https://themarketherald.com.au/australian-vanadium-asxavl-up-15-pc-after-deal-with-enerox-2020-09-09/). Which obviously suggests the company is expecting us to be involved with the goliath Eskom BESS contracts.
- Invinity news (because it's very clear they're picking up lots of work and we have the option to supply the vanadium for all these VRFB projects)
- Electrolyte Plant Construction phase start in Q1. This was pencilled in to start on 22 Feb so truly is imminent, and this may get a separate RNS in itself. [For proof: Check the tender docs on the ELIDZ tender website https://www.elidz.co.za/tenders/]
- JSE Listing News and/or Main Market News? See this video interview with the CEO at 33 mins in - https://youtu.be/AX_WdScGDVw
- Possible rebrand - Chika recently said an official company description update would come "once the Q4 Update was released")
- Eskom BESS Tender News - Due in Q1, and could arrive any day now and will cause the share price to rocket!
Target price for end of March: 50p+
End of year target: 100p+
Trust all your research, Keep the Faith, and remember that Big News is coming, and it'll then be like buses!
Also let's not forget how the BOD are actively promoting themselves to investment houses at the moment. Something I mentioned 2 days ago and the post got deleted - fancy that !
GLA : )