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No ones buying - so they drop the price to encourage buying - it's as simple as that. The timescales of mining, coupled with legislative bureaucracy have meant there has been little news to lift sentiment, and bring back the buyers. Give it time - the share price will recover.
"IMO it's gonna rerate once Bushveld has earned the market's confidence that it will consistently be able to execute and deliver according to its own projections"
Bushveld have been excuting and delivering - but almost certainly not for a long enough period. Not sure how long we have to wait before the market believes - but suspect it wont be until after the half year results. The recent court case probbaly didnt help much. As for the Vanadium price - it's only just ramped up - its needs to stay high for a few months so that its not seen as a spike as the market may have learned from the last spike. Sadly I think we need to wait a few more months before we see a long overdue rerate - or it may rerate slowly over several months as confidence builds - either way - we will rerate.
No - your point was to paint half a picture that aligned with your agenda. We are aware that Lithium has a significant head start - and is being specified for the bulk of installations - however Lithium is getting more expensive as the demand goes up, is losing its price advantage, has not been demonstrated to have long service life, and has a fire risk associated with it. So who can tell what the future brings. With regards to Bushveld the focus appears to be electrolyte supply for Africa (which is a long way from California), and support for the still fledgling VRFB industry, as well as our primary market of Nitrovan supply. So I'm not sure why you needed to point out a new Lithium installation in California - please clarify.
Looks like they did ok out of BMN overall - nice to see they got burnt in January - just not burnt enough. I suspect they'll come back in at some point - hopefully they'll get burnt the next time they have a go.
A lot of deramping posts on this site and the other chat site - deramps coupled with slating rampers/optimists. The volume of them suggests a deliberate attempt to create negative sentiment. Don't trust these guys. I'm still optimistic - sales are normally more than production (200mtv more in 2020), we have a decent stockpile, and can meet increased demand via the stockpile, if production is as forecast. Also progress is being made on many fronts, albiet slow.,and we don't now which way the Vanadium price will go in the next 6 months - so god knows how these derampers can accurately forecast our profit for 2021.
More like - Over-expansion, feedstock that's reducing in quality, making it more expensive to process, unreliable old plant, and South African workforce. All problems that may be resolved in time - but at a cost - which is what we are seeing now.