Member Info for OldFool13

Well yes, sort of! Tidal is wonderful but it have troughs when the tide is on the turn, so to smooth out this time some sort of storage is needed. The project will not need to store all its output, just a smaller amount to bridge the periods of low generation.

A shocking year? So no mega deals, so order book filled, no prospects for the future! If what has been promised comes to pass (remember December was the promised month for Gen 3 orders and an update on Mega deals) this SP will re-rate in a transformational year. FACT.

The current SP is a reflection of the AIM market where people buy on news and sell when it goes quiet (please do not read criticism in that) and if you cannot face that then don't invest in AIM companies. I assume that you have sold then Sbuild, am I correct?

As yellow1 rightly points out that 1 German order makes a massive amount of work and moving from relatively low volume production to large scale will be very challenging indeed. Mikey813 the Red team are extremely responsive to enquiries, but since your LSE account has just been set up yesterday, I think I will assume that it was set up for one reason only.

The interesting element in almost all these new mines / expanded mines is that they are basing their strategy and economic propositions on a much lower Vanadium price. The longer the price stays up, the bigger incentive there will be to get these opened. Interesting times for the market.

SEE are likely to publish something prior to the AGM to sweeten attendees surely. Cannot see the Bod wanting to face too many questions about the low SP and the handling of Fleet.

I mean this: Thank you Faramog. You have forced me to get off my lazy arse and research the answer a bit!

I lied, a bonus one since its Monday tomorrow and its anothe open pit in America

https://www.prophecydev.com/projects/gibellini-vanadium/

Gibellini vanadium project, designed to be an open pit, heap leach operation in Nevada’s Battle Mountain region, is about 25 miles south of the town of Eureka. The PEA reported an after tax cumulative cash flow of $601.5 million, an internal rate of return of 50.8%, a net present value of $338.3 million at a 7% discount rate and a 1.72 years payback on investment from start-up assuming an average vanadium pentoxide price (V2O5) of $12.73 per pound. As of October 21, 2018, the price of vanadium pentoxide is $29.90 per pound according to www.asianmetal.com. The PEA was prepared by Amec Foster Wheeler E&C Services Inc. (“AMEC”), part of the Wood Group of companies. All dollar values are expressed in US dollars unless otherwise noted.

Last one as I think my point has been well and truly proven and this time its back down under in Australia:

http://www.australianvanadium.com.au/

"AVL hosts a declared Mineral Resource at Gabanintha comprising 175.5Mt at 0.77% Vanadium Pentoxide (V2O5), made up of a Measured Mineral Resource of 10.1Mt at 1.11% V2O5, an Indicated Mineral Resource of 24Mt at 0.63% V2O5 and an Inferred Mineral Resource of 141Mt at 0.77% V2O5."

Another one? Why not! This one is a combined Graphite and Vanadium.

https://www.nextminingboom.com/nxe-set-capitalise-vanadium-demand-it-fast-tracks-mine-development/

"The study found the project to be technically and financially viable with no immediate or obvious impediments to mining, and having an outstanding life of mine strip ratio of 1:1, with a large high grade JORC Measured Resource and simple fully integrated process flowsheet design (using flotation and magnetic separation) to extract graphite and vanadium."

Oh okay then another link since its a Sunday.

Largo to expand vanadium mine in Brazil

"With the recently approved expansion, Largo wants to grow output by 25% by increasing the production capacity of the milling, fusion (deammoniator, furnace and flaking wheel), leaching and filtering areas. This would result in an additional 200 tonnes of V2O5 being produced per month, totaling 1,000 tpm after June 2019"

http://www.mining.com/largo-allowed-expand-vanadium-mine-brazil/

BTW in none of my posts have the answers been personal. I have given links and encoraged others to read facts rather than offering no evidence.

Do not compare me to Bolgas. I'm glad you spent the time to read back through my old posts, you can now see that when I sell I do not deramp to get back in lower. I go about MY business on my own, and the one thing I do beleive in is moving on, something you really need to do.

Another link to read - The race to open Vanadium Mines in America - worth a read to see how much Faramog is wrong - So that 2 new mines in S Africa, 1 new in Australia, 1 in Brazil increasing output and another 4 now in N America. Should I stop looking now?

https://www.valuewalk.com/2018/11/nevada-mining-rush-vanadium-resource/

You really do not like being proven wrong do you! Personally I enjoy proving people like you wrong (and reading the filter / unfiltered lies)
1/ If you do hold shares, but deramp at every opportunity, I think you need to get a grip.
Just admit you are wrong on points 2 to 4 that is the way I read it.
5/ Once again, you need to read others words, not mine - the article clearly states that existing production could be virtually doubled based on commodity prices. Again just open the links and read - all are open pit mines so that means one year and one of them starts this year.

Come back when you desperate attempts are cohesively thought out

Once again don't believe me, or listen the Faramog, instead read it from experts! (this is just one example)

https://katusaresearch.com/the-hottest-metal-in-the-world-right-now-vanadium/

Vanadium is actually fairly common, and can be found as a secondary metal in many types of deposits.

Most of these secondary deposits contain low grade vanadium mineralization. But at current vanadium prices, those marginal deposits become economic. Which opens up a plethora of new potential supply. This is very similar to the crappy/low grade copper and nickel projects which magically turned into cobalt projects last year.

You will see many crappy uranium projects now be touted as vanadium stories. It’s neither cheap nor easy to produce a radioactive material. Buyer beware.

The second dirty secret is that there is actually a sizable amount of production capacity which is currently offline.

Total production capacity in the vanadium market is around 150-160 thousand tonnes per year. But right now, production is only around 95,000 tonnes.

1/ You have no holding here but return out of bitterness then. Congratulations on BMN, well spotted, I wish I had been so astute, and yes I agree plenty more upside there.

2/ Naivity in extreme - you really cannot be serious that BMN are not going to lease Vanadium are you? Where else does it come from, just a few quieries turn up extensive answers that there are currently no shortage of Vanadium suppliers, but at a healthy price. If the price goes up higher so more mines will open - I have given you 3 such examples already.

3/ Owning 1.6% pf the share register is a motivator to increase the SP, that is the reason he owns them. Are you suggesting Scott wants the SP down the plughole and the guy is a Machosist?

4/ China will sell to the highest bidder - if you bothered to look on the last link I posted you will see it is ZERO chinese sales and the rest are European sources. Buyers are not buying Chinese because their price is higher.

You can come here with filters on and hide from reasonable questions, but the base question remains to be answered. What possible reason do you return here to post drivel when you do not own RED shares?

Lastly Faramog asserts "The Chinese will not export" … well actual trading says otherwise. You can google these results yourselves:

Https://www.vanadiumprice.com/vanadium-transaction-statistics-of-chinas-export-and-europe-in-july-2018-2/

And of course Scott invests his own money to 1.6% of Red Shares because he does not have a plan on where to buy Vanadium from!

Faramog you still have not answered why you keep returning to this BB if you do not hold Red shares! Weird really

Rather than listen to someone trying to deramp for what reason I really do not understand, just listen the Bushvelds own words. Better to listen to a producer rather than me though, so have a listen to an interview done recently on this subject from Bushveld: 7 minutes in is where the subject is covered.

https://www.brrmedia.co.uk/broadcasts-embed/5bbb916a269b0c1ded1894fa/event/?previewEventId=5bbb916a269b0c1ded1894fa&popup=true

Looking back to last year's AGM, there was a run of small good news stories and a general sense of the future is bright. A statement from the company contained this:

"The Company remains excited by the large and fast growing multi-faceted market opportunities in Commercial Fleet, Automotive and other segments. The Fleet business has strong momentum with a current pipeline of sales opportunities close to A$200M with growing engagements with larger fleets in USA, new opportunities in EMEA, a growing ecosystem of strong distribution partners in APAC and new global Telematics channel partners such Mix Telematics and GeoTab."

Where has that optimism gone? This year all but silence after the recent negative RNS's and falling SP. Can the BoD expect a smooth AGM given this new negative background, surely no BoD wants to face this fall and the "grumblings" from shareholders. The recent comms (posted here) from the company talking down to shareholders indicates they are aware of PI's concerns.

Or can we expect (hope?) SEE to release news in the next week to change that mood?

Vanadium new mine potential

Https://www.vanadiumcorp.com/news/industry/http-www-stockhouse-com-news-newswire-2018-10-25-high-grade-vanadium-western-australia-drilling/

"In addition to the significant interval of high-grade vanadium mineralization, the other key takeaway from hole BBRC001 is that mineralization begins at surface. Vanadium mineralization in the other four drill holes occurs near surface. As experienced mining investors know, this greatly enhances the commercial potential of such mineralization.

While the Company was pleased with its success in initial vanadium drilling, management was in no way surprised. Directly to the north of BATT’s vanadium mineralization trend is Atlantic Vanadium’s Windimurra Vanadium Mine. The most recent estimate for this bulk-tonnage resource is 235 million tonnes grading at 0.49% V2O5 (Measured & Indicated)."

You hold shares here and your advice is sell!

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