Member Info for mogwhy

South Africa seems to be about 4 months behind Europe according to this "expert".

"Unfortunately for South Africa, the worst is yet to come. Salim Abdool Karim, a professor and clinical infectious diseases epidemiologist who continues to offer valuable advice to government, expects infections to peak in September."

That would mean the death rate would top out in October/November.

https://tinyurl.com/ydxetawr

Of more concern is the fact that Gauteng province, which has over 1100 cases, is only 10km away from Vametco.

typo - 10 cases in Rustenburg.

stodgy88 - 23 cases in Rustenburg and 1 in Brits so far.
https://tinyurl.com/y9fxmxvg

Off topic but will be of interest to many on here.
https://www.youtube.com/watch?v=qBa9if6ynfg

vauch - unfortunately, you're likely to get your dip in the following weeks if cv19 gets a hold in the South African townships and civil unrest breaks out.
This will drag the whole sector down.
Vametco employees are openly flouting the lockdown on social media.
This is part of the South African "live for today" mindset which doesn't help in the battle for containment.

The essential element is that Lockheed have the confidence to press on with the commercialisation of their technology.

Lockheed Martin may be more of an immedate threat than any research project.
https://tinyurl.com/snvemcs

Thanks AM.
There have been no confirmed cases of CV19 in the North West Province so far.

GIT - the travel restrictions only apply to private vehicles.
They can't stop the whole country producing GDP.

GIT - see point 3 in my post below.

Wres production should be unaffected by the Spanish lockdown.
"The Royal Decree issued today says citizens will only be able to use public roads for the following reasons:

1. Acquisition of food, pharmaceuticals and basic necessities.
2. Visits to health centres.
3. Travel to the workplace to perform work or business-related activities.
4. Return to the place of habitual residence.
5. Assistance and care for the elderly, minors, dependents, people with disabilities or especially vulnerable people.
6. Visits to financial entities.
7. Due to force or need.
8. Any other activity of an analogous nature duly justified.
The circulation of private vehicles on public roads will only be allowed to carry out the aforementioned activities, or to refuel at petrol stations."
https://tinyurl.com/yx3jfphe

And talking of vanadium demand...

20,000 MWh pa - China - Fangchenggang (250,000 tonnes per year)
--------?------------- China - Ningde, Fujian (30,000 tonnes per year)
------------------------ China - Guangxi Energy Storage Material (25,000 tonnes per year) ?
1,000 MWh pa -- Saudi Arabia - Gigawattfactory (5,000 tonnes per year)
1,000 MWh------- China - Jiangsu (5,000 tonnes)
----800 MWh------ China - Dalian (4,000 tonnes in 2 stages)
----800 MWh------ South Africa - Eskom BESS phase 1 (4,000 tonnes)
----640 MWh------ South Africa - Eskom BESS phase 2 (3,200 tonnes)
----500 MWh------ China - Hubei Zaoyang Phase 2 (2,500 tonnes)
----400 MWh------ China - Wuhan (2,000 tonnes)
----200 MWh pa - South Africa - Bushveld Energy (1,000 tonnes per year)
----200 MWh pa - USA - New York (Margaret Lake) ph 1 (1,000 tonnes pa)
----200 MWh------ Australia - Port Augusta (CellCube) (1,000 tonnes)
-----40 MWh------ China - Hubei Zaoyang Phase 1 (200 tonnes)
-----40 MWh------ China - Wafangdian Zhenhai Wind Farm (200 tonnes)

Total of 334,100 tonnes of vanadium

I don't see that our ramp up and production will be affected by CV.
Rural communities are far less likely to be affected as can be seen from the spread in the UK.

The trades listed here have got better price resolution than the London Stock Exchange.
https://tinyurl.com/uqxtfm4

Thanks K3VMC - are you able to divulge what sort of information you had access to on your previous dealings with the company on placings ? Did you get a prospectus, if so, how detailed ?

K3VMC (or anyone) - I'm hoping you may be able to shed some light on how much data the Spanish investors may have had access to in the placing this week.
Do you think they were given up to date financial forecasts for the current year by the company ? Recent revenue from the current quarter ?
I'm just trying to gauge why they had the confidence to invest at 0.36p when they could have bought in the open market. I know that would have forced the share price up, but in this current market they could probably have netted a good chunk.
It's a shame the rest of the market hasn't (yet) got the same level of confidence.

Troaj - the 120m into the adit is in the horizontal axis. So it's difficult to know what vertical depth they are aiming at. But let's hope it's the high grade intersection of 29m at 0.75% at RGR015.

Magotteaux is the likely source of the Spanish vertical shaft impactor to be installed at Regua.
https://www.magotteaux.com/products/magimpact-cement

gug - just to be clear, I'm quoting gross revenue as I don't have the data to get to net revenue, but I don't think it makes a big difference to ebitda on an annual basis. Maybe I'll subtract a small percentage from the gross revenue in future to get it a bit closer.
Ps. I'm not an accountant so dyor.