Member Info for numpty5

CC. I don't like your 'land grab' comment. Almost libelous in my opinion. Certainly a terrible insinuation. We have a PURCHASED a brown field site in vametco. We will PURCHASE Vanchem on 31st October. To the best of my knowledge there is no limit set on a Companies ability or intent to expand and increase their size and profitability and share price for the benefit of their owners (shareholders like me) so take your pathetic snidey comments a do one please.

Ha, yeah you're right. And thanks for the wealth of information. I told you we wouldn't fall out.

Ophidian, thanks for that. So if we pay circa 8m for the whole Company, all their mineral rights and have to throw in another 4m (under 3 weeks currently generated profit) we get a third processing plant for about 289m less than building one from scratch?

Trying to turn round an endemicly corrupted organisation such as the government Zuma left is like turning an oil tanker without a rudder. I think Ramaphosa is doing a sterling job. You can't reverse a centuries old culture in 5 minutes. I believe the world leaders will recognise this and they and big business will be supportive because SA is the tip of a very big iceberg. There is a massive continent that the world would like to do business with. Straighten out SA and the rest will follow.

Do Ironveld own this? I know they were negotiating for it in early 2017 but can't seem to work out what happened. If they do then buying it for its current value would seem a no brainer. We don't need the Vanadium as we have enough for a century or so but they have some interesting other minerals that would derisk us with diversification and extra processing would be welcome. Not that we need derisking to be honest.

Cowboy, I make it about 700,000 but math was never my strong point.

Knowing Fortune he will be completely up to speed on this. If there is a good deal to be done he will do it. If there isn't he won't.

 for sale assetFri 18:26

'Company holds unfettered rights to 56.4 million tonnes of magnetite ore, which the JORC compliant mineral resources holds 1.4 billion pounds of Vanadium (equivalent to 4 times annual global demand), 27 million tons of High Purity Iron in situ and 8.3 million tons titanium'

Just so nobody misconstrued my last post I would like to make clear I don't think the SP will stop at £3 either. Anyway, just cracking the second bottle of red so I'm going to shut now after last Fridays constructive debate.

JMC69. Yeah so would I. I was being conservative obviously. With the other bits and bobs I have £2 and 7% I could retire and live a nice life. £3 and 7% I could retire and live a very nice life. That's my aim here. No pun intended.

I wouldn't want to sell at £2. It would give me roughly £400,000 or £16,000 dividend a year at 4% For me the dividend would be better. After all, what would I do with the money that has the same potential for growth? Nothing. This is going a lot further than £2 in my opinion.

With the cash we had - 42m plus the cash we made H1 and what we will make Q3 we could fund Vanchem twice over by my reckoning.

You have good evening too vijay. No offense intended.

They pay me plenty. Not actual money of course but a wealth of research and insight and opinion that have led to me buying shares in this Company from October 2013 up to two weeks ago ranging from 4.5p to 28p. I can never repay the likes of alfa for what he is paying me. Not that he'd ask me to.

I think what alfa is trying to say is - You're wasted here. With your acting skills you could get a job on Crossroads. The new Benny maybe.

I know alfa. That's why I posted.

The target date for Vanchem is ' no later' than the end of October. What on earth makes you think it will be done this week? Bear in mind they intend to finance it through profits not debt. Meaning we still won't have any. Just like we have no warrants.

It could just be the Elon Musk of VRFB's. On another note alfa, I googled VRFB news and TBP was top.

Picture of it. The scale is somewhat staggering.

https://stockhead.com.au/resources/are-lower-vanadium-prices-triggering-a-wave-of-giant-new-vrfb-developments/

Berk, you appear to have a different question with every post. However, your latest one - are there any examples of just how much vanadium content is required for VRFBs that would allow us to gain a better perspective of their future profitability? - Have you done even the remotest research? TBP will tell you everything you need to know on this subject. So go away and answer your own questions before you start bothering people who have forgotten more than you currently know. Or just go away. You're boring us now.