RE: Forecast29 Mar 2021 18:19
Calamari I need to correct you. I don’t have a view on future V prices because, just like you, I don’t work in that industry or have sufficient knowledge, contacts, etc to be able to come to an informed opinion. Therefore, like you, any prediction I made would be little more than an educated guess. That is why I take little notice of punters like yourself on this matter, and no doubt you would question my thoughts.
The difference between us is that I do take notice of those in the industry that have a more informed opinion, whereas you choose to belittle them (although I firmly believe that is just a position you state for this bb in support of whatever your agenda is).
It is true that V prices tumbled after 2018. I am sure there are many reasons why, including the lack of Chinese enforcement of new rebar regs which may have taken people by surprise, and the significant increase in niobium substitution driven by the equally surprising very high V price.
However I don’t remember you congratulating those that forecast the rising V prices during 2018, including Fortune, and I am certain that had V prices remained firm you would not have been present on this bb being Mr Positive. Having read your posts over a number of years I will strongly challenge the notion that you are neutral. That is certainly not backed up by what you have written here over that time. I have never met you ... you may be the nicest person on the planet, I wouldn’t know .... but based only upon what you write here you are very negative.... and that rings alarm bells for me.
Now as has already been mentioned the 2018 spike generated huge profits for BMN which were then reinvested, largely in acquiring Vametco, and helped fund the great miner and producer that we all love. Let’s not forget that Fortune has worked hard to keep costs low to hedge against low V prices, and we should all be very grateful that he did. And the development of electrolyte leasing is another tool they have developed to counter fluctuating V prices. You should be readily acknowledging at every possible opportunity the fantastic progress made by BMN in their drive to create a large, low cost, vertically integrated Vanadium platform.
The share price is ridiculously low, and I am in no doubt that the negativity that you and others bring to this bb is not helping with investor confidence. You could do a lot more to help boost sentiment. That is what a real investor would be doing. I shall not hold my breath in anticipation.
All the above is just my opinion.
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