Member Info for pb940

You aren't trapped or locked in though, you just don't wont to crystallise your loss but some times it's best to sell and move on for your own peace of mind.
Plenty of great investments out there for you to invest in. I'd spend the next year in one of those investments and not lower yourself to posting on here, be less stressful for you, for us, and you'll be rich. Win win.

Is the sp not simply being positioned for the even lighter volumes that get traded over the Christmas period? And then a miraculous jump in sp in the first full week into January?

I havent included all of the article just the first few paragraphs;

https://www.theguardian.com/business/2019/dec/16/goldman-sachs-to-stop-financing-new-drilling-for-oil-in-the-arctic

Goldman Sachs has ruled out future financing of oil drilling or exploration in the Arctic and said it would not invest in new thermal coal mines anywhere in the world.

The new environmental policy, which was released by the US bank on Sunday, was praised by environmentalists, though many warned that it was only a first step.

In its statement, Goldman Sachs also “acknowledged” the scientific consensus on the climate crisis, which it said was one of the “most significant environmental challenges of the 21st century” and said it planned to more effectively help its client manage climate impacts, including through the sale of weather-related catastrophe bonds.

Jason Opeña Disterhoft, a climate and energy campaigner at Rainforest Action Network (RAN), which helped to lobby for the change, said the decision to rule out direct financing for Arctic exploration made Goldman the first US bank to establish a “no-go” zone in the oil and gas sector.

“Goldman Sachs’s updated policy shows that US banks can draw red lines on oil and gas, and now other major US banks, especially JPMorgan Chase – the world’s worst banker of fossil fuels by a wide margin – must improve on what Goldman has done,” he said.

If other banks followed suit, he added, coal financing would become “unbankable”.

Richken, did you see the following in the Ferro-Alloy Resources Ltd section?

The fall in the price of vanadium pentoxide to $5/lb from $16/lb at the start of the year hit profit at Ferro-Alloy Resources hitting cash flows as management work to finance expansion.
• Negotiations are in progress for near term funding requirements with banks and other funding institutions.
• Management cite an ‘initial lack of enforcement by China of their new higher standards for construction steel’
• Chinese enforcement is now thought to be much stronger and much of this increase in production and substitution is likely to reverse as prices stabilise at more normal levels. In the longer term the outlook for vanadium demand growth is very strong from its traditional market to steel-makers,’
• ‘The advent of vanadium redox flow batteries remains a tantalising opportunity for the industry, the roll-out of which was delayed by the unusually high vanadium price in 2018.’
• ‘The Company continues to use a long-term forecast price of $7.50/lb which is around the historic average and conservatively reflects the cost required to incentivise new production capacity.

You're not wrong Alfa, hopefully some of the 100's of companies Mikhail Nikomarov referred to having discussions with will be back on the phone to Bushveld as part of a solution to their ongoing power problems.

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Thursday_12.12.19.pdf

A bit about the Eskom power problems, I've only copied the last 2 bullet points

South African power disruption may lift ferro-alloy and other metals prices

Many mines and other industries are now looking at the instillation of giant batteries to better manage what is seen as ongoing power disruption.

While Grid-scale Li-ion batteries offer one solution we also expect Vanadium Redox Batteries to be an important part of this solution.

Just noticed one of the pages that scrolls past on the Bushveld website home page had a little Christmas message.

'Wishing all our shareholders, stakeholders, employees and friends a blessed festive season. Thank you for your support during 2019 . Here's to an even greater 2020!'

I'll drink to that (when I finally can :) )

Both the Building and Infrastructure tenders were updated on the 2/12, hopefully progress being made there.

The tender bid closing date is tomorrow and 'A decision on the tender will be made within six (6) weeks of the submission date.' So should find out something between Wednesday (unlikely) and no later than 21st of January 2020

on holiday so unsure if already posted.
https://www.metalbulletin.com/Article/3907237/Latest-news/INTERVIEW-Unsustainably-low-vanadium-prices-will-rebound-in-Q2-2020-Largo-chief-says.html

Hopefully Channel 4 will have a bigger audience than renewableenergymagazine.com though

I reported expert10201 directly to lse and they indicated they would get a moderator to investigate his postings as I pointed that it had become far too personal towards one poster in terms of name calling, targeting him as an older investors who should sell up before they die and general disruptive nature of his posting history.

I refuse to filter him as I feel he would then have free reign to spout whatever he felt he could get away with.

https://www.esi-africa.com/industry-sectors/generation/irp2019-making-hay-from-coal-while-the-sun-shines/

Alluding to a new job market, in November the minister commented that the IRP2019 continues to make provision for significant rollout of renewable energy and storage, which requires South Africa’s high-grade resources in, at least, six key commodities – for example, vanadium, platinum, palladium, nickel, manganese, rare earths, copper and cobalt – critical in the global energy storage sector. “These resources present a huge potential for the creation of new industries and localisation across the value chain,” he said.

Obviously you mean 'from 46p to 23p' NOT fallen by 46p

There was also the following comment about the 121 Mining Conference they held the other day which implies China looking after their own interests unsurprisingly

121 Mining Conference – optimism on future metals demand and high prices shines through
• Our team of four mining analysts met with many of the more interesting companies at the 121 Mining conference event this week.
• Please contact one of our mining analysts for our best mining ideas in town.
• Commodity experts appear hugely optimistic about the prospects for metals with strong demand forecast to come through particularly for the battery metals.
• Metals markets are seen as being manipulated by China and its agencies to the benefit of their manufacturers and stockpiles.

https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Friday_22.11.19.pdf

Vanadium prices rise further in the US as market recovers from recent low
• Consumers are seen returning to the vanadium market with prices rising in the US.
• Ferro-vanadium prices rose 4.3% in Pittsburgh to $10.75-11/lb yesterday according to FastmarketsMB.
• Offered prices in Europe are rising indicating that traders sense new buying interest in the market and may be able to command higher prices.
• Ferro-Vanadium prices in China appear stable with pricing indicated at $28-30/kb fob China. Vanadium Pentoxide remain around $6.2-6.4/lb fob China.

It looks like the Tesla car designers are getting ready for after the global warming apocalypse where all future vehicles in the movies look like this. . . obviously you'll have to add your own steel spikes, blades on the wheels and skulls to the vehicle. Plus you'll probably need solar panels on the roof to keep it going after the worlds infrastructure has disappeared.

I won't be debating anything with him but felt one response would do just to point out any inconsistencies.

Sorry expert, have to pull you up on that one, knuttie said he'd sell a few for £1.23.

You were the one who brought up 17 years and mentioned being in your 60 years and not wanting to be the richest person in the graveyard. It wasn't a big to and fro debate involving posts, just one, from you.

Thanks for posting somtam67, very interesting.

"We will sign off soon on an important project that Eskom will get involved in, which uses in a large part a loan made by the World Bank to the construction of the Medupi Power Station. And that is the battery storage project. It could become quite an important, world class project when it begin to get off the ground in the next year or so," Gordhan said. More information will be provided in due course, he added.“

Hi Richken, there is surely going to be a skills shortage coming where the renewable sector is going to have to invest in education (they may already but I don't know at what scale) so those who are currently working in the coal industry can see a path to move over to the renewables sector.

It's such a tricky one as they can see the damage it's doing to the environment (globally and locally with the water shortages) but how do you manage the transition without causing extra hardship on those affected?