Member Info for Nickderby

18.74p to buy, 18.6p to sell.

Sellers - probably Knuttie house keeping with his T20s ;)

So £1.95 for Vametco producing 5,000 tonnes and FeV at $100 per kg. Add on Mokopane. Add on Brits. Add on Bushveld Energy, with a contract with Eskom to supply VRFBs for 40% of Africa (You never know!). Add on Imaloto Coal. Plus Iron ore, Afritin, Phosphate. What value do we get? The mind boggles! :)

Exactly Alfa, the best investment I have found in my many years of investing. You left out Brits too! :) However, don't forget our Afritin share has been diluted at the last placing. Exciting times ahead.

My new dream scenario.. FeV prices of $100 per kg - probably later this year when the new Chinese rebar rules kick in. Production 5,000 tonnes pa - by the end of 2019 at the latest. Vametco ownership 74% - another imminent one? Even using a very high cost per kg of $30, these three items increase our share of Vametco's profits to $259m pa. At the current exchange rate that is pre-tax profits of £195m pa, giving £140m post tax profits. A PE ratio of 15 would give us a share price of £1.95! Certainly worth a buy and hold. That's without everything else! Patience is the key here :) DYOR

SOTTR, yes its old news from 23rd May. The placing just needed shareholder agreement.

LS - agreed. Just imagine production of 5,000 tonnes, an FeV price of $100 per kg and a 70% holding in Vametco. Dreamland! Not to mention a contract with Eskom to supply VRFBs..... :)

The MMs have shut up shop again. I can't buy any at 19.5p

Faramog, I'm just going by the latest legal date. It will actually be by Friday 28th September at the latest.

Libero, I posted this the other day regarding the year end accounts.... ‘The next full accounts are the year end accounts (which actually cover the 10 month period to 31st December 2017). I don’t expect these to be very exciting; they will show a loss due to the poor first 6 months to 31st August 2017. The first 6 months were hit by the Afritin demerger write down of £7.6m, causing an interim loss of £6.7m. During the final 4 months of this period, from 1st September to 31st December 2017, we only held a minority interest in Vametco, so the revenue/profits generated by Vametco can’t be consolidated into the group accounts. These profits will be accounted for under the ‘equity method of accounting’. In late December 2017, we acquired the majority Vametco holding and so from that point we will be consolidating the Vametco figures into our group accounts. The next quarterly production figures to 30th June 2018 will be out in July and these should show increased production for Q2. The very important H1 figures will be published by 30/9/18. These figures should be exceptional with FeV averaging over $60 per kg in Europe for the first 6 months of the year and even higher in the US. (And rising!) There is plenty of other news expected that will drive the share price over the next few weeks/months. Here are a few items: The acquisition of the Sojitz minority holding in Vametco increasing our share to around 74%. Mokopane mining licence - imminent! Mokopane news of early revenue generation. Brits vanadium drilling news, very high grades expected, thereby reducing Vametco production costs even further. Bushveld Energy contracts. Eskom VRFB news. Electrolyte production news. FeV prices continuing to rise due to the supply deficit and Vametco production increasing further. Brownfield acquisition to increase our production capacity further. Imaloto coal BFS, by 30/6. Imaloto coal platform sale/spin off. Etc’ Hope that helps :)

Currently being quoted 19p to buy. 18.8p to sell.

Ludeck, imo we don't need any further clarity on the Mining Charter, the new 30% BEE holding has been around for months.No one seems to be disputing that part of the Charter and so it is as good as final. Any Sojitz deal should already have this figure built in.

Don’t worry Knuttie, I don’t think either news item is dependent on the new Mining Charter. Either piece of news is just as likely to come tomorrow!

Alfa, that's right. Frustrating isn't it. 4 trades at 500k, delayed until the MMs are ready to disclose them.

No shortage of shares here today. I've bought another 2m shares today and the bid/offer hasn't moved. ATM seems excellent value at these levels, everything is moving forward nicely for production in H2. I can't see the share price remaining at these levels for long.

All looking good :) https://www.vanadiumprice.com/global-vanadium-wrap-vanadium-market-sees-uptrend-across-europe-us-and-china/

Minimal volume today. My quick calculations show around 200k more buys than sells, yet down 2.9%. There were lots of buys were below the mid price today. It won't take much buying tomorrow to reverse today's losses. Bring on the news! :)

Faramog, nothing concrete yet. Let's get the mining licence issued and then FM can give us an update on producing early cash flows from Mokopane. It's all coming together very nicely :)

Buy now 19.27p Sell 19.203p

Mokopane economics are now exceptional. Forecast annual production 9,525 tonnes V2O5. OPEX $7,200 per tonne. V2O5 price today is around $16 per lb, which is $35,200 per tonne. Therefore gross profits of $28,000 per tonne. That gives around $266m pa gross profits. Say $200m net profits. Our share 64%. Mining licence expected this month? Imminent anyway! :) Mokopane Post tax NPV at $16 is an incredible $1.234 billion.