Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oh you didn’t like me deramping a share you are invested in huh? Why don’t you go away and stop deramping a share you aren’t even invested in. I’m not a low life like you and will not deramp for fun on the CASP board.
a bit like CASP really. It’s plunging and probably will buy in around 1.5p as nothing is happening for a while. I guess BMN at least has huge revenue unlike CASP which could go bust if it’s drill is a duster.
Considering RPT are able to drill multiple wells i think they will spud 1 or 2 more this year and success would boost production nicely. I would hope they can get production increased 50% and be sitting on $120m cash by YE 2020 with $50m cash build annually giving £1 SP.
I doubt the FCA will do anything worthwhile. The only solution i can see is to ban shorting on AIM purely due to low liquidity and the benefit it has to manipulation As for the SP a recovery in V prices or significant news from FM is what will get us back into the 30's and beyond. FeV back at $70 would bring a lot of relief to the SP. Hopefully it can get there over the next 2 months and stabilise.
That would take us flying up to our 87p target based on last years results.
is the PE ratio for mining companies on the JSE? If its much higher than our current p/e there should be scramble to buy shares when our listing goes live and these MMs will have no choice but to let the price rip higher. They will have probably loaded up long by then anyway.
Wouldn’t it be nice if there suddenly became a novel use of nobium increasing demand 2 fold overnight. That would slam the Chinese demand as a Vanadium substitute. Nice to see more stability in the SP today
So looks like noone managed to buy any decent size. I'd hope golden summit were hoovering up shares too but i feel sorry for anyone who panic sold.
on earth is going on? Shorters closing or what? Did anyone even manage to buy anything?
Yeh I know. I’m just stating I think it should be $200m rather than the current $115m based on $35m annual cash build.
wonder if Golden Summit are taking advantage of these prices considering they recently bought in much higher. For sure any new V projects would struggle to get funding at this price so potential competitors will be delayed. All this means is a rise in supply is being starved off whilst demand for VFRB's will increase at these prices. This should be the last year with the current V price cycle as I expect in future a lot of V will go into electrolyte production during periods of low China demand from 2020 onwards.
The current enterprise value should be $200m and $62.5m cash rising to $85m by year end which gives 68p share price. Next year i expect enterprise value to be higher having solved the VAS lisence issue and a new well being successful of $250m and cash of $120m at YE 2020. That gives a SP of 89p. Patience is key. My sell out target is £1 on this one but i am watching progress and may revise higher. Focus should be on doubling production and if they can show progress towards that why sell out??
Maybe they can fish for my take profit orders at £1.50 now ;)
Prices weakened again so not surprised the SP is slipping. From May i suspect V prices will start to recover and give us a $70+ average for the year although probably higher if the deficit is as large as it’s made out to be. I’m excited to see the plan to get us to 10000 MTV and if any brownfield acquisitions will come this year. RichKen mentioned a demand rise in V from 100,000MTV a year to 300,000MTV in 5 years. Is that a mistake or correct?? I don’t see how we can ramp up global production that quickly.
No liquidity for a share buyback! And that is an excellent reason to do one. Low liquidity will mean a $15m buyback will be sufficient to rocket the SP to new ATH's. Anyway the price seems to be moving up today so probably some leaked positive news on the way.
Yup. Bang bang bang down it goes. If good news was leaked it would be up 30-50% so when we see that it might not be a pump and dump
wonder why a big cashed up trading house like Glencore dont just buy up all the V they can get at these prices knowing the structural deficit and then sell to the market when prices rocket to help reduce the spikes in the price.
I’ve just done this for my holdings. Set a sell price of £1.50 so that won’t trigger any time soon. It expires after 90 days so need to keep renewing it
prices continue to nosedive so not surprising to see the SP also reacting downwards. We might even have a 30p party again soon. But this is about the long term so not an issue for me. Until the BE business is up and running and delivering solid revenue the BMN SP will be volatile like the price of V. My hope is V returns to an average of $75-80 this year not only to help the SP but to ensure FM can fund growth out of profits rather than debt or a placing. Does anyone know the expected cash level for BMN at the moment?
Maybe the overproduction was before the new regulations kicked in so less V required and now they are selling those inventories. Going forward the next overproduction for the winter shutdown will require even more V so we may get some bottoming of prices this month and a slow climb into mid year with a potential for a huge rise in H2. I fully expect V prices to reach $100 again this year otherwise the analysis for a structural deficit is incorrect. These prices are a great opportunity for the longer term investor.