Member Info for pb940

Surely the covid cases discovered and resultant changes in shift patterns, working arrangements etc impacted their forward guidance. Those changes needing to be in place changed how much they were producing hence a change in estimate.

If those changes were in the last 4 weeks then the inference to forward guidance would have been correct at the time. I think how management reacts to a situation shows a lot about them and they are continuing to manage the company effectively during these challenging times.

Also noticed that steel rebar had increased by $10.50/t which is a bigger increase than I've seen for a while

Chinese steel rebar 25mm US$557.1/t vs US$546.6/t

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Tuesday_01.09.20.pdf

Ferro-vanadium prices jump 6.4% to $24.34-24.94/mtV in Western Europe Fastmarkets)
• Prices for ferro-vanadium are at long last starting to regain lost ground and catch up with the rise in prices in China.

I know I mentioned the Imaloto coal power plant being updated the other week but what I didn't realise is that there are now 2 instances for it. Both have been updated recently within 2 weeks of each other. I'm now curious as to why there are 2 instances for it. Any one have any ideas?

https://www.l2b.co.za/Project/Imaloto-Coal-Project-Madagascar/9620

Acquired by Lemur in April 2011 through its acquisition of Coal of Madagascar Limited, the Imaloto Coal Project is located in the Imaloto Coal Basin, which is the northern-most coal field in the greater Sakoa Basin of South West Madagascar, located approximately 30 km north-west of the Sakoa Basin, where coal mining has previously been carried out. The Imaloto Coal Project area lies approximately 20km north-west of the town of Benenitra, between the north-south flowing Imaloto River and the west-east flowing Onilahy River. The Imaloto Coal Project area consists of 3 permits covering a total of 11 concession blocks, giving a license area of approximately 69km²: Permit 3196 consists of 3 concession blocks and is an exploration license. Permit 4578 consists of 4 blocks and is a full mining license. Permit 12653 consists of 4 blocks and is an exploration license. Imaloto is favourably located near the existing port of Tulear and adjacent to the proposed Soalara Port, where infrastructure planning is underway to provide a mineral bulk handling export facility. Lemur has identified the importance of an independent power-producing project that is destined to be implemented alongside its Imaloto coal project.

https://www.l2b.co.za/Project/Imaloto-Coal-Power-Plant-Madagascar/20486

Construction of a 60MW coal-fired power plant and an associated 200km transmission line in southern Madagascar. The coal for the power station will be provided from Lemur's coal mining permit in Madagascar. Phase 1 of the project comprises a 136-million-ton coal mine, a 60 MW coal-fired power plant and over 200 km of transmission line.

By end of month you mean tomorrow?

The project was updated again yesterday, it was updated only recently, so hopefully something moving there, really wish this was in a position to be sold though.

https://www.l2b.co.za/Project/Imaloto-Coal-Project-Madagascar/9620

Just for info I've checked with Mr Meyer and the US price should be 9.8-10.7 lbV NOT kgV in case anyone was sat there wondering what the heck had gone wrong :)

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Tuesday_25.08.20.pdf
Ferrovanadium prices rise 5.1% in US to 9.8-10.7/kgV
• Prices for ferrovanadium in Europe remain stable at 24.8-25.3/kgV having fallen by 4.4% a week ago to 22.78-23.55/kgV.
• We expect prices in China and the US to rise further in the short term due to rising local demand in their local markets.

Cheers dubmaskullanga. Wonder what those big buildings are across the road

Is it the square on the lower end of Umsimbithi Rd near the junction with Ikhala Rd opposite the stripe roof buildings?

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Monday_24.08.20.pdf

• Arc Minerals reports the resignation of Don Bailey from the board.
• Don commented: "I have thoroughly enjoyed my time with Arc and working with Nick and the board in transforming the fortunes of the Company. The announcement of an exclusivity agreement with Anglo American is a major step forward and for me personally a good time to move on with some of my other projects. I will follow with great interest the next steps for Arc and wish them well going forward."
• Don was a former head of mining operations for Rio Tinto in Africa, South America and Europe and spent 30 years with Rio Tinto where as Joint Global Head of Mining Operations he was responsible for the development of numerous major international projects including Escondida in Chile, Moro d'Oro mine in Brazil and Neves Corvo in Portugal.
• Don was also a director of a number of Rio Tinto international companies including Palabora Mining and Rossing Uranium in Africa.
• Bailey was also founder, CEO and Chairman of LionOre Mining which was acquired by Norilsk for $6.8bn in 2007.

Conclusion: Don will be missed on the board but his departure may make more room for another major mining company to potentially step in.

https://www.investegate.co.uk/arc-minerals-limited--arcm-/rns/board-change/202008240834389509W/

Arc Minerals announces that Don Bailey, a non-executive director of the Company since 1 June 2018, has decided to resign from the board of the Company, effective September 1, 2020.

Don commented: "I have thoroughly enjoyed my time with Arc and working with Nick and the board in transforming the fortunes of the Company. The announcement of an exclusivity agreement with Anglo American is a major step forward and for me personally a good time to move on with some of my other projects. I will follow with great interest the next steps for Arc and wish them well going forward."

Nick von Schirnding, executive chairman of Arc said "It's been a privilege to work with such an experienced mining executive as Don Bailey. Don's contribution to the company and the board has been invaluable and we wish him well with his new initiatives."

Hasn't that been advertised for a while on a SA job website?

Yes, can you not tell by the community minded spirit here, helping a fellow investors request for help on a personal matter? I hope that it isn't causing offence?

https://www.metalbulletin.com/Article/3947045/FOCUS-Why-have-Chinese-vanadium-prices-remained-rangebound-since-late-July.html

Do you think that will be after he tells them he had BMN shares at 3p but got bored and sold.

Are you sure Alfa? He sounded totally legit :) I mean he registered today specifically to let us know with his first post *sigh good grief

Nearly 1 billion shares in issue and you think 294,118 new shares is enough dilution to warrant a drop towards 3p?

Cheers guys

Thanks jogj99