Member Info for Nickderby

It makes you wonder who would sell their £2 coins for 21p at the moment.

We've just taken our Vametco holding up to an incredible 75%.
FeV is at record levels.
The supply shortage is going nowhere.
The illegal strike will be settled.

You can lead a horse to water....

Its definitely worth saying again...

Looking at things conservatively for 2019...
We have production of 3,750 tonnes, FeV at $90 per kg, costs of $30 per kg and our share 75%.

That gives pre tax profits of $169m, giving £130m pre tax, £94m post tax.

Our forward PE at 23p is just 2.71.

Fair PE 15? gives a share price of £1.27.
Fair PE 25? gives a share price of £2.12.

This deal is absolutely transformational..... Again! :)

Expert, our profit share increases from today, so our additional share of profits will be included in H2 accounts from today.

Boom :)

I don't normally reply to trolls but on this one occasion I will make an exception.

No it won't, just remember we are a low cost, vertically integrated vanadium supplier.
Now that Sojitz have gone, we can subsidise our VRFBs without compromising profitability of the group as a whole.
Fortune told us this in one of his recent interviews.

We are in a better position than anyone to be able to bring on VRFBs in Africa.

The structural supply deficit is having a massive effect on FeV prices. All regions are sitting at new highs. Current FeV prices.... China $88.84 - $89.72 per kg (12/9). Europe $87 - $92.1 per kg (12/9). US $85.8 - $86.9 per kg (12/9). Incredible prices! ‘Prices for Chinese Ferrovanadium are expected to rise rapidly in the coming week.’ A nitrovan price of $100 per kg is definitely in sight. This is such an exciting time to be a primary vanadium producer :) After the strike is over, surely 30p next week? :)

https://www.vanadiumprice.com/chinese-vanadium-price-indexes-surge/

https://www.vanadiumprice.com/chinese-ferrovanadium-prices-soar/

As soon as the strike is over we will soar!
Last peak 28p, plus 27% extra profits gives 35p for starters.
That is still so undervalued, even for SA!

Over £1 next year, easily.

There were a few doubters out there, who thought Fortune couldn't pull this deal off without lots of dilution or whether he could even pull it off at all.

Another fantastic deal completed!

The man is a genius.

Thanks Fortune :)

Looking at things conservatively for 2019...
We have production of 3,750 tonnes, FeV at $90 per kg, costs of $30 per kg and our share 75%.

That gives pre tax profits of $169m, giving £130m pre tax, £94m post tax.

Our forward PE at 23p is just 2.71.

Fair PE 15? gives a share price of £1.27.
Fair PE 25? gives a share price of £2.12.

Our already huge profits have gone up by another 26.9% overnight!

Then there is the FeV price to take into account,which is hitting new records every day.
The vanadium supply shortage is going nowhere.

Cash elephant! :)

Sanchez, delighted! :)

YTSS, yes.
A bad day for a lie in :)

OMG! 75%! Cash deal!
Booooooom! lol

:) :) :) :)

I see a 250k buy went through after the close (4.41pm) at 20.25p. Interesting. There were certainly no shares available at the crazy offer of 19p. Perhaps off to a flier tomorrow! :)

Yes sorry.
NT to buy 30,000 shares at the close.

The MMs trying it on.

NT for 30,000 shares at the close.

It’ll be interesting to see what caused that 0.5p drop at 4.09pm. Most probably nothing, just MM tricks I bet.

Darryl, that’s anyone’s guess. I’m still hoping that it’s mainly warrant related. It’s certainly been a very useful time for topping up cheaply :)

I can only see around 700k sells this morning. Therefore around 2.8m buys. Net buys currently around 2.1m.