Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Also their vrfb unit have received $6m in finding from the US Doe. They clearly see future vrfb possibilities for the US..
"In Q4 2021, Largo Clean Energy (LCE) was selected to receive $4.2 million US in funding from the Department of Energy (DOE) to scale up its US-based manufacturing of VRFBs subject to award negotiation. The DOE award negotiation was completed in early July 2022 with the grant of $4.2 million approved. Largo Clean Energy’s total DOE budget is $6 million US. This grant by the DOE is a significant stamp of approval for potential of Largo’s manufacturing ability in the U.S.
The DOE award substantiates VRFBs as a legitimate green technology for long duration energy storage, and an integral part of the US move to shore up its energy security by moving to renewables and more efficient sources of power. LCE expects to complete this project in three years, as they continue electrolyte production and stack manufacturing."
Largo obviously very confident about cash flow over the next year and will be buying back shares;
"The company also announced that it not only is implementing the previously announced buyback program for up to 5% of shares outstanding, but the program is now automated, meaning it will be carried out regardless of earnings blackouts. The buyback program becomes effective as of July 14, 2022. This program could provide a strong bid for the stock over the next 6-12 month with daily purchases potentially equaling up to 25% of daily traded volume in the stock."
Brazilian Nickel's claim on their tweet (link above) is that geothermal energy will take up 75% of the 2040 demand.
Anyone know more about this use? Need to understand that significant use case more.
Any links welcome.
From the Mrs T/Reagan era onwards we have had ever reducing interest rates (40yrs). From around 15% to 0%. In that time we have had recessions in 1990, 2001, 2008 and after each one rates continued on their long term downwards trend. The world is now addicted to easy/loose money and has debt binged at super low cost. We're not going back yet to hard asset backed currencies so the only course of action will be more of the same after the pretence is over that the Fed et al can raise rates without causing a severe recession/depression.
When the QE taps turn back on ( next year or soon after under a new global emergency pretext to justify ..?) I expect to see a surge in commodity prices in particular metals that are essential to power/electrification transition away from fossil fuels to meet climate goals but also away from Russian energy supply dependence in Europe.
When rates are 0% and QE is available at the press of a button, then they are telling you that the currency is literally worthless and therefore no point saving it.
Only commodities/currencies/goods and assets with a scarcity value are really worth anything. So will nickel be scarce..? Judging by LME stock levels down to around 60kt, and still falling even during this last few months of markets selling off, then I'm saying hzm will be in the money as a 2024 producer.
"I don't think it will last forever the west despite stagnant growth for ages will get back to QE and pretending we are all wealthier than we really are at some point...."
We all know it.. and of course "you can't taper a ponzi!"
In any ponzi, the beneficiaries have to find more ways to supply the ever widening bottom rung with even greater resources to keep the pyramid from collapsing. Those at the top of this FIAT construct will ensure that structure remains functioning just as it is thank you!
Hence, following the current central banks charade and the recession it will bring about, rates will head back to 0 and QE will inject ever greater amounts until the demand for a hard, asset backed world currency, becomes unstoppable (probably post a worldwide full blown debt fueled currency crisis).
Anyhow on that cheery note, anyone watching LME nickel stock keep on falling.? Low (and falling) stock levels seem at odds with a declining price..?
Or do the price falls mainly reflect pricing in the super strong USD?
Im not following your reasoning Samval.
My post, which I thought was quite balanced and factual, had around 50 likes and was appreciated by both the likes of Pdub and yourself.
It showed that BMN SP decline over the short and medium term is virtually identical in percentage to Largo, thus asserting the claims made about BMN singularly " failing" are false in market terms.
But you are saying "the supporters" shut it down?
Why would they?
I feel for you Knuttie and hope the SP can turn around just so we can get you back to your true poetic jokey self. !
I believe it will, but it is no more than an educated guess based particularly on the BE silence indicating either nothing to say(failure) or more likely Eskom et al NDA(s) currently.
Our new up market broker and 5yr wage deals at 6% may also indicate a long term confident outlook from management.
When a SP falls its difficult to resist the thought that others know that there's something up. But I take comfort in this case that its the market in general given the evidence that BMN have fallen 13.5% on the 6 months SP chart and Largo have gone down by a very similar almost 12% in the same period.
PP, I think you're right with the 2 year buyout timescale. The Vermehlo DFS is planned to land at just after Arag1 first production for a reason. It could be a heck of a lot sooner if they so chose..
As far as price goes, then the only way this doesn't go for significantly more than the 500p mentioned is if there are no other interested parties than Glencore.
I struggle to see why that would be the case. I understand that JM has had multiply enquiries at the recent mining conference. Once Vermehlo is in play, then EV manufacturers, battery suppliers and large mining outfits will all be seriously considering HZM.
When BHP battled, and lost, its bid to take over Noront last year, it took the SP up over 4x original but it still wasn't enough.!
My conservative T/o price is 600. However my hope is (nickel price depending) closer to 1000
So very true Numpty. Funny! :)
However, just maybe, with the SA state being a part owner of our nearing completion electrolyte plant, then things might just start moving soon (thats the SA soon btw)
Its why Im invested here.
The SA state will surely recognise the value it can unlock to the people of SA in terms of jobs and energy security if it utilizes the resources (in particular Vanadium) that it is blessed with.
And as a significant by-product start a major new energy storage industry across Africa and beyond.
Central Banks trying to give the appearence that they will be able to continue to " normalise"interest rates and consign money printing to history...
Thats even more incredible than Australia being in the European song contest.!
QE will return as nation states suffer and commodity prices will rocket. Next year onwards.
Goldman have already gone for a 42k nickel prediction in 12mths.