Post of the day...1 Jul 2021 00:56
... In my opinion, was HarChris at 1606 - not one single recommend:
"The problem you've got the downgrading in Vametco 2021 production, followed by a sentence highlighting the increased Vametco cost, followed by Vanchem's lower production forecast, followed by its increased costs...
Then immediately after you have the forecasting of 5,000 mtVp.a. and 5,400 mtVp.a by the end of 2022. Well it's going to have to be seen to believed now..."
Spot on Sir. The production guidance - in my eyes - means absolutely nothing for the time being.
I'm really disappointed with today, unlike others I'm not sold on the Vanadium price predictions; in a few months it could still be 40 odd, or 30 odd or anywhere far north of either. With these high production costs, BMN can swing from profit to breakeven or loss extremely quickly.
H2 will be better no doubt but today will sting for a while. The BOD need to do the d@mn basics better, shareholders deserve it.