100% + upside to the lowest broker target. You would think nothing good had happened all year looking at our charts. It's insulting to a business that has achieved so much and embarrassing to watch how poor this market is at recognising great companies.
RE: Still struggling to approve it but making progress19 Sep 2019 15:16
But ultimately they do and will let go. Change for the world into a renewables driven energy economy is absolutely inevitable.
Coal is already in a clear death spiral. The CEO of the largest S. American coal producer has stated this and openly admitted that they are simply making as much hay as possible, before commerciality completely disappears.
No worries, apologies if I misconstrued your post. As I mentioned in my post and reiterate, I share wholeheartedly your admiration for the strategic masterpiece that is Bushveld. Hopefully the world will catch up in due course.
The market sees pricing for vanadium in the most embarrassingly unsophisticated manner currently. The actual story of the price spike to current levels is one that could hardly have been scripted more perfectly to set up Bushveld. First the rapid cash accumulation came from the very high pricing, now we see an environment perfect for the success of VRFB just when Mikhail needs it, against a backdrop of realisation of the importance of long duration storage. In reality Fortune probably couldn't have planned it better.
If I have any frustration at present, it is not with Bushveld, although I feel Comms needs some real work outside of RNS' (many know my views here), it's with the inability of the market to actually grasp what is taking place here and how it is being achieved. It is becoming borderline ridiculous to see the lack of value being ascribed to the beautiful manner in which the company strategy is playing out.
Implementing the rebar standards in China will take time. It's not a light switch. It takes enforcement, policing and transition. Similar to environmental regs, which are also taking time but are being adopted.
Vanchem facilitates a trebling of production in the medium term. It also means higher value niche products across a diversified range of industries. Mokopane doesn't even have a license yet and is one of the best V assets in the world and so far is not accounted for in our SP. There is substantial upside from the core business before you get on to VRFB.
Because I know you are reading this and adding your warped spin on your poundland BB to my comment about the use of the word imminent: - 1. ) I am not criticising Fortune. I would prefer simply that care was used with the word imminent. A very small observation in the grand scheme of the continued development of this brilliant company. 2). I am far from restless and have in fact been buying considerably in the last two days. 3.) You are a hugely tragic individual to be doing that behind someone's back. Grow up man.
I am personally rather bored with hearing the 'imminent' joke. It's become meaningless when it should be accurate. For a serious business, wanting to grow in value to a £500m + company if it is imminent then that implies knowledge that it is confirmed to be arriving soon and investors should be able to take that at face value.
Yep, agreed SOTRR and let's be honest it is time that Mokopane license stopped being imminent. I'd like to know who will be taking the ore, who will be buying our electrolyte and when we start on site.
And also they seem to ignore the fact that PIs showed that there is a huge appetite for this share and momentum should be upwards when they ploughed through almost 3m shares in a day. Yet we have subsequently diaproportionately fallen on diminutive selling even when in most share buying scenarios, that kind of trading would then lead to a rise. And yesterday the selling only marginally outweighed the buying, and even then the chances are some of that selling was inter-MM. Selling has a completely imbalanced affect on this share compared to how difficult it is to get it to rise unless the MM's decide they want it to.
Someone wants this lower ahead of Vanchem. I wonder why.
I hope the FCA are doing their due diligence here.