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Sorry tek just got home, I see your questions have been answered correctly and yes 1kg of FeV 80% is currently fetching $43 in China.
Vanadium Price Today
V205 Vanadium Pentoxide Flake 98% USD / lb
Europe : US$9.50/lb ?(+1.06%)
? ??Ferro Vanadium 80% USD / kg
China : US$43.00/kg (0.00%)
Europe : US$37.55/kg ?(+0.27%)
Investing. Com has US FeV 80 % at $43. 75 per kg.
Fortune said that he was confident of settling the Orion debt.
https://twitter.com/brr_mediauk/status/1620425487024803841?t=Zlm4n_eJbkNRvZUCgYjaIA&s=19
Vanadium Price Today
V205 Vanadium Pentoxide Flake 98% USD / lb
Europe : US$9.40/lb ?(+1.08%)
? ??Ferro Vanadium 80% USD / kg
China : US$43.00/kg ?(+0.70%)
?Europe : US$37.45/kg ?(+0.54%)
BMN Mcap... $59 milion
FAR Mcap.....$52 miiion
The mind boggles, FAR won't even have a DFS for their mining project until Q4.. { then the dilution starts).
They're spending money on their recycling plant just to keep the lights on and are currently loss making.
We have been selling product all year, ( nearly 50% to the US) at the following 2022 FeV price average.
§ 12M 2022: London Metal Bulletin ("LMB") ferrovanadium price of US$39.2/kgV (12M 2021: US$38.2/kgV); CRU Ryan's Note of US$52.7/kgV (12M 2021: US$37.7/kgV); and Asian Metals of US$34.3/kgV (12M 2021: US$36.5/kgV.
We have enjoyed record production for 2022,with only severe load shedding stopped it being much higher.
I suppose it's the difference between being listed on AIM and not the main markets.
Today's RNS no way deserved a 7% drop, 10% on opening just to wipe out any stop losses.
Why? ... Because they can.
Vanadium Price Today
V205 Vanadium Pentoxide Flake 98% USD / lb
Europe : US$9.30/lb ?(+2.20%)
? ??Ferro Vanadium 80% USD / kg
China : US$42.70/kg ?(+0.47%)
Europe : US$37.25/kg (0.00%
US : FeV 80% $41.25 per kg.
UkSteve, I don't trust full time trader's they have to make money at any cost to survive.
They can say that the bought a stock and hype it up, wait for anticipated RNS, say not impressed and selling.
Then buy cheap shares that the sheep are dumping
Not accusing anyone, but it's a common trader's trick to get a lower entry point
The rules of the Aim casino.... There aren't any.
Glad to see that he through this paragraph in after it was pointed out to him, that in the last interims there was approximately $26 min of stock in transit at sea, and as we only get paid on delivery it was not included in the cash position.
The continued logistical challenges being experienced worldwide in the last period have resulted in relatively high stocks of material being "in transit" in order to guarantee supply to key markets.
South Africa's Department of Mineral Resources and Energy ("DMRE") has removed requirements for independent power producers ("IPPs") to hold generation licences to produce electricity in an effort to rapidly add much needed generation capacity.
https://www.whitecase.com/insight-alert/south-africa-exempts-private-generators-generation-licence-requirements
He needs to butt out.
Sorry, I'll get my goat., I mean coat.
https://twitter.com/BigBiteNow/status/1617855535658983427?t=x2TEc-hkwJbnksrl6hVcYQ&s=19
With FeV in the US around $44 per kg, that's significant revenues filtering through to the BMN coffers, especially if they are making good use of their 800+ mtv already costed inventory.
Looking forward to the Q4 operational update which should be due within the next few weeks, or even sooner.
Vanadium flow battery sector gets boost with UK rental deal, new plant in Germany and environmental impact whitepaper
ByCameron Murray
January 17, 2023
CellCube says its VRFB’s environmental impact is 45-75% lower than lithium-ion
https://www.energy-storage.news/vanadium-flow-battery-sector-gets-boost-with-uk-rental-deal-new-plant-in-germany-and-environmental-impact-whitepaper/
Vanadium Price averages up to Q3.
9M 2022 ferrovanadium London Metal Bulletin ("LMB") price of US$41.1/kgV, CRU Ryan's Note of US$56.5/kgV and Asian Metals of US$34.8/kgV (9M 2021: US$38.2/kgV, US$37.7/kgV and US$36.5/kgV) with USA prices trading at a premium to the rest of the world
Q3
·2022 LMB Ferrovanadium prices: US$33.8/kgV, (Q2 2022: US$43.8/kgV). CRU Ryan's notes US$50.9/kgV (Q2 2022: US$67.5/kgV) and Asian Metals US$30.4/kgV (Q2 2022: US$33.7/kgV).
"The vanadium price is based on the FeV mid average price for the period, published by LMB for sales to Europe, CRU Ryan's Note ("CRU RN") for sales to the United States and Asian Metals for sales to Asia."
2022 Group guidance
· Production guidance of 3,900 mtV - 4,100 mtV maintained.
· (C1) Production cash cost guidance at each asset is maintained.
· On track to achieve an annualised steady state production run rate of 5,000 mtVp.a. - 5,400 mtVp.a. by the end of 2022..
· Sales volumes and markets have been flexed to maximise revenue by optimising sales of Nitro Vanadium into the higher priced North American steel market and increasing premium vanadium chemical sales into aerospace and petroleum / catalyst applications.
· Demand for Bushveld Mineral's suite of vanadium products remains strong, and the flexibility afforded by the diverse product mix and wide geographic presence is a significant strength when the current reduction in steel capacity utilisation is considered, allowing emphasis on higher value products and markets. The expectation remains that sales volume will equal production volume.
Extracts from https://www.lse.co.uk/rns/BMN/q3-2022-and-9m-2022-operational-update-l8zoqdrp6pnug92.html
So looking for 4000 mtv sales volume. Despite load shedding this should be achievable because of our all ready costed
825 mtv start of year inventory and with Vanadium at well over $40 per kg average for the year despite the anticipated increased costs of generators, the revenue should be significantl as we delivered our highest ever numbers to the US in November and December.
Now with BMN nothing is ever a gimme (understatement) but FM is not responsible for the load shedding, political unrest in SA., the world economic situation and the war in Ukraine.
Not going to mention the other things happening with BMN as until they do and start making money it's irrelevant as AIM is not an inefficient and forward looking market.
The Orion debt of $65 min due November 2023 imo is not a big deal when you consider the capex needed to bring a new project online is probably 5 times that amount with no profits for a least a few years.
Next few weeks should be very interesting.
JMO.
Vanadium Price Today
V205 Vanadium Pentoxide Flake 98% USD / lb
Europe : US$8.90/lb (0.00%)
???Ferro Vanadium 80% USD / kg
China : US$42.50/kg ?(+1.19%)
????Europe : US$36.75/kg (0.00%)
US FeV 80% $43.75 per kg
As Qwedes aledgely accused de-ruyter-of using load shedding as a weapon to overthrow the state.
I have a feeling that now he is minister for energy that the load shedding will miraculously improve.
JMO
Vanadium Price Today
V205 Vanadium Pentoxide Flake 98% USD / lb
Europe : US$8.90/lb (0.00%)
???Ferro Vanadium 80% USD / kg
China : US$42.00/kg ?(+1.20%)
???Europe : US$36.75/kg (0.00%