Member Info for Nickderby

Clearly what Charlie knows about investing can be written on a post it note. He’s seems like a typical rainbow chaser, jumping from share to share, looking for the next best thing to hold for half an hour ;)

Even with a very large holding, down days don’t bother me anymore . There’s so much happening you just know it’s going to bounce back hard. Just consider the news due, the vanadium price, the structural deficit etc... Coiled spring! :)

28.125p to buy.

Not even worth answering.
Some village has lost its idiot... ;)

Our forward PE is just 3.1 for 2019, based on FeV at $100 per kg, costs of $30 per kg and production of 3,750 tonnes pa.(Based on the current share price of 30p.)

PE of 15 gives a share price of £1.45! :)

5 recommendations away from 4,000. He’s our superhero! Well done Alfa, amazing work :)

Does anyone actually subscribe to that rubbish...

Coffeecups, I don't understand that.
Caspian are not included on this quarter's changes. They don't appear to be in the AIM 50.
Inclusion in the AIM 50 is based on market cap and they certainly don't qualify on that level.

https://markets.ft.com/data/announce/detail?dockey=1323-13780362-1CB1S4ULAL2OOC5BV3OQ185HPI

I’ve put 50,000 tonnes into my Mokopane calculations at the current V2O5 price and it throws out a profit before tax of $1.955 billion! Our share 64% in £ would be £693m post tax. Multiply that by a PE of 10 gives a market cap of £6.93 billion. However, maybe production of 50,000 tonnes pa would reduce the current V2O5 price, unless of course the demand was still in excess of supply. It’s a phenomenal resource!

Now up to 80% buy on technicals. 100% buy on fundamentals. Perfect storm! https://www.barchart.com/stocks/quotes/BMN.LS/opinion

LS , thanks. Nice to see our daily 2% to 3% gains continuing. Quite incredible! :)

Nick - almost doubling in 6 weeks. I would take that for starters :)

I would hope so. Surprised that we haven’t seen an interview yet. Maiden company profit and the Sojitz acquisition were both huge pieces of news themselves. Perhaps he’s waiting for something else that is imminent! :)

Thanks Alfa. I would take that tomorrow! :)

I seen Largo is flying again tonight. It is up almost 10% at the moment. That’s even more catching up to do! Maybe tomorrow... :)

SOTRR, good work! I thought Mokopane was already BEE compliant but was struggling to prove it :) There will probably have to be an adjustment within the BEE holding but this won’t affect BMN’s share. Unless of course we manage to increase our holding to 70%.

LS, yes I thought that was the position too. I believe our % of Mokopane will not be reduced further. BBN will know intricate details, I have no doubt :)

Chinese vanadium price indexes keep rising. Date: Sep 27, 2018 www.ferroalloynet.com: On September 27, Chinese vanadium comprehensive index is 360.45, up 3.41% from yesterday, up 8.94% week-on-week, up 23.66% month-on-month, and up 159.06% year-on-year. Ferrovanadium 50% spot index is 355000 rmb/ton, up 4.41% from yesterday, up 14.52% week-on-week, up 29.09% month-on-month, and up 158.18% year-on-year. https://www.vanadiumprice.com/chinese-vanadium-price-indexes-keep-rising-2/

‘On September 26, European ferrovanadium prices went down slightly to 100.85(↓0.15)-105$/kg V, equivalent to Chinese FeV50 at 346700-361000 rmb/ton, but due to the changable exchange rate, the prices in RMB were higher than last time; and European vanadium pentoxide prices stabilized at 22.25-23 $/lb V2O5, equivalent to Chinese V2O5 98% flake at 330500-341700 rmb/ton, also going higher; American ferrovanadium prices remained stable at 42.8-45 $/lb V.’ https://www.vanadiumprice.com/european-fev-had-slight-change-on-low-end/

‘A source from the company said, “Vanadium prices move up at rates absolutely beyond our expectations. Last week we sent an enquiry on ferrovanadium 50%min, which suppliers quoted at RMB360,000/t (USD104.75/kg V) at least, while so far by today quotations have risen to RMB420,000/t (USD122.21/kg V).’ $122.21 per kg! :) https://www.vanadiumprice.com/quickly-rising-vanadium-prices-drives-benxi-steel-group-to-cut-ferrovanadium-purchases/