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"The current share price significantly overvalues BMN.
The market will decide."
If the Vanadium marlet stays the same, if no further progress is made on Belco, if the finance agreement is not ciompleted, if VRFN takup stalls.
However isn't the share price a forward price based upon expectation? If that's the case I would expect it to be higher.
"That said I will continue as if I can save just one individual from financial hardship I will view this as a worthy endeavour.". How altruistic of you. Obviously it also doesn't hurt making a bit of money on the side as well! Your real intentions are very clear.
The Market doesnt know. The market doesn't know the forward price of vanadium. the Market doesn't know what offterm agreements will be in place for the Electrolyte, and how much it will be priced for. the market doesnt know the the steel and VRFB demand for he coming year. You carry on shorting boy.
If we don't get anal about targets, production has increased over time, we have a decent stockpile, BELCO is nearing completion - with the prospects of some offtakes, and Vanadium demand is slowly increasing, which will hopefully push the market price up towards the sweet spot. In the meantime we still have Jorc compliant Iron and Phosphate resources, fingers in other VRFB pies, plus lame duck Lemur. The only downside is the unknowns on the CLN - however a production update is not likely to give any detail about that.
Reading between the lines it looks like the consultancies Clean Horizon and Harmattan Renewables have already decided what technology will provide the solution, regardless of the facts.
Alleycat1 - I'm curious to know if you closed your short because you felt BMN would plunge no further, because you felt sentiment was changing, or because you felt BMN was pretty much bottomed out and better gains could be found elsewhere?
"The site is home to a facility that houses 256 Megapacks and is capable of storing up to 730 megawatt-hours of energy…when not aflame"
"Though not pinned on Tesla, lithium batteries at storage sites in Moss Landing have repeatedly caught fire in recent years. And last year, a Tesla Megapack caught fire in Geelong, Australia, during initial tests at the Victorian Big Battery storage site"
My perspective is he market doesn't care about fundamentals, all that matters is buyers vs sellers.
Given that the AIM market appears to be the domain of sentiment driven speculators, as opposed to long term investors (who conduct deeper research), constant negative posts highlighting past issues with BMN on the two main BB's (this and ad vfn) are very likely to put off buyers.
It's very noticeable that if anyone raises anything positive on a BB there is a flurry of activity in negative posts. It is also noticeable that at the moment there does seem to be a concerted drive to push the share price down before the Q2 results come out.
There will always be sellers - those that see better opportunity elsewhere, those that urgently need funds, and those that lose confidence in their investment.
There will also always be buyers, however if there is too much negative sentiment there may not be enough buyers to counteract the selling, leading to the share price decline we see.
Where did I paint it rosy? Just stating the obvious - alfredh seems to constantly deramp the stock for his own motives, as opposed to venting frustration. I was simply pointing that out. As for the insult - it speaks volumes about yourself.