Member Info for marc001

Hi Ridgewalker, our paths cross again. Well done on your HOC investment thus far btw, I had a bit in there and sold up way too early.

Fortune this, Fortune that. Change the record - he’s gone. Craig is in charge now and is doing a great job, V prices are starting to rise and the Vanchem sale has gone through, but trust a troll to look for a negative eh, lol 😂

Ha, yes praying for Bushveld at this point as I’ve got a lot more in that than here and like most heavily underwater.

Small rise today on Asian metals, ideally this is what we see for the next 3 months - small rises compounded daily all add up.

Hello, anyone home at Ironveld…?

Going on 5 months since the last update, must be out of cash by now so what’s the score. Less than 1.5m market cap, so got to be a target for a buyout surely considering the resource and stage it’s at.

It will eventually if this rise is sustained , China leads as we know.

Strong % rise showing on Asian Minerals, need to see this sustained now for the next 2-3 months.

Andrea Hotter via Twitter:

“Fastmarkets assessed ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V at 25.50-26.30 on October 2”

Just need to see that rise sustained now. Imagine if we get $35 by end of Dec, that would keep the wolf from the door at least.

Titanium mentioned:

https://www.niasam.ru/ekonomika/rossiya-gotovit-zapret-na-eksport-vazhnejshego-syrya-v-nedruzhestvennye-strany-241354.html

Correction- a sale of BMN’s share of VFRB Holdings (aka Cellcube) rather.

Strange how the presentation didn’t include anything on what’s happening with VFRB Holdings. A sale of that should bring in a few mill and they are going to need it going into next year. Fair play if they are waiting for the right offer, these things take time, but suprised it’s not even got a mention.

Appreciate the transparency, thank you BBN. No I agree, conviction is key with AIM stocks and I’m the same with Bushveld Minerals. I like IES as a business, at some point I may take a position myself, but I’d like to see what the next few months brings first.

I don’t doubt your analysis BBN, but what I’m trying to get at here is - are you a trader when it comes to IES, or an investor?

Do you have much of an investment here BBN…?

Curious to know how much ‘skin in the game’ you have.

Latest US sanctions specifically names and targets Evraz, including its Vanadium business:

https://home.treasury.gov/news/press-releases/jy2546

No idea what the implications of this are, but likely to constrain supply I’d imagine. I think I read somewhere Evraz produces in the region of 10-15% of global V supply.

Would cost more is my understanding.

There goes Largo SP up almost 12% on the daily, with trading volume 60% higher than average.

Dollar is collapsing also, all very bullish for miners and metals. Impossible not to be optimistic here.

Hopefully not long now until we start seeing the impact of the change in rebar standards, they only have a few weeks left to sell of the remaining non compliant stock and at some point steel producers will be cutting over to produce steel to the new standard. Steel demand down in China, but not globally so interesting to see the outcome for V. My guess is we see V prices creep up, but not as aggressively as 2018 and to be fair that would be better to avoid prices crashing.

Recent info on the Asian metals site shows that some Chinese V producers are halting production. Price is either unsustainable for them now to sell at and / or they are cutting rebar production ahead of the new standards so they can clear existing soon to be non compliant stock first.

Suffolk&Watt - I’m not offering any investment advice, so there’s that.

I’ve made a paper loss here, and I’m in fairly good company on that. You see, paper losses on long term investments I don’t equate as actual losses (even if you and others might). It’s only a loss if I sell below my average and that’s not going to happen under any circumstances.

Thanks for your ‘concern’ though, wish you well with your BMN investment - I take it you still own shares if your on this BB..?

Fundamentals go straight out of the window if V price takes off. V goes on a bull run, so does BMN IMO. Always the same sentiment at bear market bottoms.

Orion and SPR are in at 3p, they will want a decent return and I’d be surprised if that was any less than 6p / share. No sense in selling for cheap when they can ride the storm out and then BMN becomes a cash cow when V prices inevitably do rise again.

The best business out there at one time were some of the most hated or overlooked. We have a great CEO on board, with supportive V prices BMN will fly.