Member Info for qwertyqwer25

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.

is happening to all the rebar inventories in China. Are they being drawn down and less new rebar beiing made hence lower V demand. I dont understand why there is so much news of poor demand for V from China. Goes against all the structural deficit analysis that has been made. I think we are still making around £40m a year at current V prices but i dont think a dividend is affordable considering our expansion plans. Maybe FM should announce a token 0.5p per share dividend with special dividends paid based on the actual plant profits.

Wowowowow. We wont reach 5000 MTV for 3 years? So that means zero chance of any brownfield acquisitions and no mining at Brits and no improvement at Vametco after this year. Is Fortune gonna take a 2 year sabbatical? I hope 5000 MTV can come sooner otherwise where is all the beneficiated V for SA batteries gonna come from?

extent of the V price fall is frustrating but I've only been in BMN from late 2017.so now i've seen a full price cycle I know the price will rise through the year and around October/November time i will sell a large chunk of my BMN holding (hopefully at £1+ by then) for the winter V price drop and to de-risk. I think this might be the last normal cycle before VRFB demand takes off to an extent to impact global demand. Maybe V for VRFB will be procured during lower steel demand months and thus result in an end to the boom and crash price cycle we are seeing and more stability at an elevated price around $70-$80.

This share would be bankrupt if it had no results. Please name me an AIM share which every RNS has been positive. You clearly don’t understand the pharma stocks so I’m not sure this is the stock for you. This is high risk no doubt about it so you can’t expect every RNS to be positive.