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this is one of my biggest holdings in my portfolio and CLN refinancing was starting to worry me, what great news. Seems well played by FM and fairly resolved by Orion. now to look forward to FY 24 results.
Looks like cash in banks running low again after another capital raise, no projected numbers to FCF positive. Lots of talk about future prospects and the potential. luckily i only took a punt of 1.5k so quite happy to sit and see with this one but i would definitely not be buying anymore until management offers so financial scope on cash generation when they kiijs to be burning about 4m more than they make a year at the moment.
I am with you on retaining earnings, as a longterm holder i invest my money into companies that can make a greater return on capital. Since theres still production ramp up and exploration in assets i would much rather see fully self funded expansion in operations, especially as gold seems th reamin high rather than a quick buck on the SP.
Not sure if the pricings correct but looks like on vanaduimprice.com over the last month has downward V price pressure, could also be driving the SP trending down. Sub 4p is perplexing to me though. The results either confirmed what we knew with positive downward costs, continued sales to specialist sectors gaining increased market prices and also stablised impact on load shedding with focus on higher concentrated seams... unless im missing something?
Seems I cant get away from them, they wanted to buy out the company i work for then my WG shares and now THG. luckily exiting WG at a profit if they are snapped up although had a bright future ahead of it. THG anything above 147p and ill be happy, my breakeven
good news on the gold pour, looks like market priced this in what would be key now is FCF and overall margins predictions i hope we may get scope of next quarter. If the company has a healthy funding stream for west kenya development this could be put into a development timeline after consultation, thats the value unlock for me here.
I remember hearing/reading that they would be updating/confirming production at Sangida after gold pour, am i correct with my understanding? potentially could be why the news id being held while they forecast production rates on current operations?
I am under 30 but rarely know anyone my age who actually buys individual stocks outside of private pensions, if they dabble it all tends to be be spread betting and more of a gamble or funds. Only reason i started early on is because i worked next to someone in their 40s who got me into it at 20.
I think you are right at 19/20, excluding the eskom woes that is causing economic damage and rand depreciation. US rates are now predicted to go much higher at 6.5% and for longer which will increase the dollar strength, looks like rand is being eroded at both sides.
Not sure if anyone published this but current Rand is following its downward trajectory this year reaching 18.34 currently. worth noting if anything the absorption of inflationary pressures.
After sitting on the side lines and watching this share for a couple of months I can now say I have snapped up a chunk this morning, the two soon to be live assets are very promising stand alone!
I dont get it, talks about how fundamentally disingenuous the company is and how numbers arent stacking up, refinancing to be eye watering and future prospects of the company looking bleak then ends with. maybe this price is the right price to buy. either you are full of it or need to go get checked out my friend.
Looks like markets see something positive in it now, ticking up 7% and appears other Vanadium producers are slightly down today.
She replied on her thread saying that Vanadium is not traded on the LME so no impact!
Interest rates across the globe are increasing and the cost of debt is becoming more expensive im sure they have done cost of equity calculations internally to find out the optimum balance sheet leverage. Besides they need to strengthen the balance sheet and they save 10m+ a year. Short term impacts may be negative but mid to long term i see this as a good thing, especially if the market takes a down turn again from macro economic slow downs. Im definitely not opposed to this move.
It is a war by the way i used "milliatry Operation" as that's what they used to poll to not get arrested.. and i think the war is appalling I do not back it and fully support Ukraine.
theres only really 2 outcomes for Putin. Europe falters on energy squeeze and western support for Ukraine dwindles cutting aid and forcing negotiations and the loss of regions for Ukraine or Ukraine left in ruins and a full withdrawal. if forced to Putin will escalate the conflict, let us all remember our media only is showing the unsupportive voices in Russia and not the support of the majority when it was pulled over 80% back the millitary operations and majority believe its for the survival of Russia against a Nazi regime. lays a path for a full scale assault with over 1 million troops and tactical ballistics that can easily raise kyiv to the ground.
Share buy backs as stated reduce the shares in issue which also increase the earning per share. Ie divi yield per share. Also strengthens the stock to raise equityif its going through difficult trading or needs expansion/acquisition. If you believe in management to generate you strong ROE on investment, share buy backs make complete sense
Business fundamentals haven't changed, they have highlighted expansion will be conservative once they have a strong balance sheet and long term Vanadium is very optimistic. This is nothing but Recessionary fears, china slowdown worries ect. During covid lockdowns as Vad prices was in its 20's the SP wasnt as low as this.
Good presentation from BE engineer today. Stresses the Bushveld vanadium ability to react swiftly for increase vanadium demand to meet the SA energy market, not sure if its been posted yet.
https://www.youtube.com/watch?v=_w21wLZWnPg