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Ouch, looks like a howler of an RNS IS coming next week.
Coffeecups, wouldn't you be better off spending your time supporting CASP. a share that your invested in.
Looking at the 3 months charts it's tanked more than Bushy.
Researchers say that within the next 2 to 3 years the increased vanadium demand from VRFB's will total around 50% of today's global production.
These aren't my word's but from a reputable source and cannot be ignored.
Dyor.
Https://www.mining.com/mining-deal-making-declines-but-beaty-and-others-see-opportunities/
NAV is still 20.7p.
Extract from the RNS.
On track to meet 2023 production guidance of between 4,200 mtV and 4,500 mtV, and weighted average production cash cost (C1) guidance of between US$26.1kgV and US$27.0/kgV, (ZAR447/kgV and 438/kgV)..
Eatstocks....you can't poo poo the statement until its proved wrong, regardless of whats happened in the past.
The really good news to come out of the conference call yesterday was that load shedding is not affecting Vametco at all and since the new agreement with the local municipality it has not affected Vanchem.
So production target's are still on track to be met . ( What more can BMN do? )
Not the doomsday scenario the trolls had whipped up.
Https://stream.brrmedia.co.uk/broadcast/6426b8b94b959ac1b1e40d18/6492d70b2d4fe213e22be472
It all boils down to the fact that the Orion refinancing is legally not a done deal yet.
That's massive, I wonder what they'll want in return?
Correction... unresearched ... just for Maurice.
Personally I think it's the other way round , Pdub and HarChris are wiping the floor absolutely spotless with the " Shatter " of unrecearched trolls that frequent this bb.
Https://twitter.com/AimWarrenBuffet/status/1667568573936541696?t=TJ91v5ro7vixSeSy0PgXLQ&s=19
Don't usually publish FeV prices on here anymore.
But following the misleading information posted concerning them last week I'll bring you up to speed.
On May 4, Fastmarkets assessed ferro-vanadium 70-80% V, in-whs Pittsburgh, at $17.25-18.00 per lb, which is down from $18.15-19.75 at the start of the year and down from a year-to-date peak of $19.50-20/lb at the start of April..
So around $39 per kg.........hope this helps.
Extract from today's Daily Maverick
Not for the first time in the ANC government's history, big business has stepped in and offered a not-so-gentle “course correction”. Reminding the President of some basic policy obstacles and how to get out of its own way should not be the remit of the country's top CEOs, but that is where we are.
This week, Ray Mahlaka reported on the country's leading companies' CEOs meeting President Cyril Ramaphosa, raising concerns about the state of the country. The failure of Eskom and our country's stubborn ties with Russia come to mind.
And now, as if by magic, that course correction may or may not be yielding results:
Vladimir Putin and the BRICS debacle may be moved to China, eliminating any worry about South Africa's basic requirements to uphold international law (since China, evidently, gives no fig). Something has spurred the President to call Xi Jinping.
... And the load shedding crippling the country has eased off, for now at any rate. This is not to say anything is connected to the parental CEO network giving Ramaphosa a gentle policy timeout, but the timing is rather uncanny. Read the above links and decide for yourself.
Https://twitter.com/RenewAfrica_/status/1666382877372608512?t=RfLBWXP2xPEp_wY8KCNMyg&s=19
Https://www.linkedin.com/pulse/energy-storage-now-second-largest-consumer-vanadium