I know you follow BCN as well @BBN. Difficult to know where to inject cash at the moment with the Zinnwald feasibility study now published. I'm just hoping these two manage not to peak together !! Profits from one into the other then all back into BMN is the plan !!
As usual your analysis is excellent and I agree with what you are saying. I think once the Rig moves (it's still at Anchor today) then the real Market can show through. Until then, we are simply being played by the MM's shorting against the Warrants up and down in a very predictable pattern. I'm seeing 75p - 90p on spud and then with a first positive result 135p.
and that 250K as well. Proves they are working together to play the warrants. They are running out of willing sellers now tho' it will have to move up (to about 57p) soon to let them keep going with their little game.
The price IS being kept down by the Patient MM's squeezing the last drips of impatience from the Fearful before they feed the Greed with their accumulated shares. All of course backed by their sure thing Warrants holder whom they have on a string.
@Bassguy - mastermines (who you need to view carefully sometimes) is reporting on Twitter: "#Vanadium #V205 stocks reported by #Chinese major suppliers drop considerably. The market should find it difficult to respond to any increase in demand at current price levels. Next move expected upwards around AUG H2"
Eating away stockpiles is good news. the Chinese use V2O5 to make FeV for their home steel industry as well as FeV from the Market
@Bassguy - Q2 production figures will delight and sting depending on your position. I'm looking forward to that announcement, especially as it will re-affirm our average H1 achieved price is way over the Spangles number.