Excellent so then as we agree the fundamentals are solid and the future is bright perhaps we can also agree that day to day is irrelevant in the bigger scheme of things and short term manipulation for piddling gains is just part and parcel of the AIM cesspool. It's the amount of crap from your style of commentary that accompanies it that we can all do without.
if you're that clever @Filthy, then you might like to look at the volume (hint it's the buys and sells added up) compare to the shares in issue then explain htf a 7% fall (in your world) can accompany a trading day churning 0.2% of the company
The bit that additionally interests me in all this is that traditionally in the "lulls" in commodity pricing like we are seeing now for Vanadium post a big rise and fall. Having tried and failed to see additional volume come into a market to meet demand, there is usually then a period of consolidation that see's the minnows taken out for critical mass by the bigger fish. We may just be peeking at this with both RedT and IRON in their different ways. Don't forget the genius of Fortune and our Board. They bought Vametco at the absolute nadir in the cycle and now off the peak they are acquiring Vanchem. They got Brits for a song in the doldrums too. Our Board are ahead of the pack - that usually shows who is the healthiest...…..Further consolidations in the production space would not surprise me...….
There is a modicum of merit in your hypothesis @Qwertyqwer25 it is the turning an Oil tanker syndrome. When Vanadium prices were sky high, many small expensive projects will have looked viable and some will have achieved funding. It is just like shale oil wells in the US. When oil was sky high they looked profitable and many were sanctioned. As the price turns downwards they become uneconomic and eventually fall by the wayside. The Turning tanker bit, is that period between when they start up and when they die when they are struggling and failing. I suspect in both China and Russia uneconomic transient production has come into the market and will soon expire.
Accacia were one of the very original funding vehicles for BMN when Mr Borromeo was a majority holder. Their holding went down from 85 million to the current 70,598,644 when he rationalised all his holdings back in November- December last year.