Of battery and strategic metals development is for me a calculated gamble by the investors. The Ironveld company would require tens of millions of US dollars to create a modern mine and mining equipment. My guess is that they know that vrfb’s are coming with Eskom leading the way with their closeness to Government and other officials. Their gamble is that some big company will go for an off takes arrangement. Just my opinion
Deal may be the catalyst to show the markets that Bushveld is going to be a serious player in the electricity storage market in the foreseeable future. Whether because of the turmoil in the world economy Fortune renegotiates certain aspects of the deal, namely the price, the signing of the deal would show absolute confidence that Bushveld has a grip as to its future.
That it is a complete coincidence that hundreds of thousands of shares are sold in seconds of each other which gives te very false impression that there is a coordinated shorting attack. Utter miss interpretation!!!!!!!
Stodgy88, has the shipment landed at Baltimore and does the $30 include the premium if the product is Nitrovan. It would appear to be a very good price at this moment as vanadium prices seem to be down.?
Sorry last message just decided to self post before i had finished. Is the vanadium from Largo just for distribution to Glencore’s customers or for self use, or is there an opportunity for Bushveld to supply Glencore’s cystomers.