Member Info for Sanchez599

Bassguy, Largo, Terry Perles, Roskill and many other sources are all pointing to a recovery. Glencore's deal with Largo ends relatively soon, the Chinese construction industries peak season starts imminently, news is that vanadium stocks in steel producers are low and they should returning to the market in a big way, consumption in China is said to be greater than currently realised and niobium substitution is not taking place to the degree some anticipated. There are 100 live VRFB projects and over 60 under construction, there is news every week about more projects which has to hit demand / supply soon. The structural deficit hasn't been imagined. Annual cyclical performance of vanadium suggests a move up. General consensus is V prices are artifically low. Amongst other things.

Everything in mining works in cycles. Personally I thought the whole point of investing was to take advantage of situations like this where you can buy when prices are low, ahead of acquisitions being completed and before a technology really takes off. Whether the V price recovery is tomorrow or two-three months time, the share price is reaching pre-Sojitz and pre-Vanchem levels. I get people are annoyed at the share price, but you can look at it in two ways, either panic stations and omg, look at how low the SP is, or as an opportunity to be taken advantage of in the spirit of the maxim 'buy low and sell high.'

Someone made a good point yesterday - if investors really want to fight the shorters, they need to buy shares.

Anyway just my opinion, I am sure others have their own take.

Yep, doesn't seem an end in sight quite yet although the bid has been reasonably resilient. Plenty of signs of an impending recovery in vanadium prices however, so I would imagine their days are starting to be numbered now. Not to mention all the positive news lately that has at this point, had no effect whatsoever. The spring is coiling.

It would be less blatant if they at least mixed things up. 4pm bid drop...

You can guarantee there were more than two.

Just a genuine, honest seeker of balance playing by the rules whilst everyone ramps away.

Well that's the end of that argument.

Personally I believe the question of whether anyone does or doesn't invest directly off a broker target is misleading. Broker commentary and valuations augment the general discourse and are part of a collective pool of information around a share. It's not a binary question. It's more about what level of conviction might one have in that aspect of the overall picture and how does that compare to the overall context. Whether or not anyone does or doesn't believe John Meyer's commentary is a fragment of the overall picture, not the dealbreaker or maker. Someone astute might consider taking it for what it is, gleaning the useful information and deciding themselves whether or not a target is accurate at any point, to inform their overall decision. Again whether they are "useless" or not is a pretty crude way of analysing a professional analysts worth.

I imagine Fortune and the BoD, and Mikhail are envisgaing a share price in the pounds, not pence.

In 5 years we will be over 40p.

That is a pretty low aspiration, and a cynical mind might suggest the reason for your post was not actually to emphasise the value on offer, but to suggest people might be tied in for ages for a very underwhelming return.

Now why would anyone want to play that card as Expert just has?

I agree they may well be involved Squirty, it's worth noting when their TR1 was. They were buying through November to Jan and before that, throughout the period when the price was very high. There are a multitude of reasons why a period of lower prices might be of interest to an entity with a high average.

The vanadium price will turn round, al the signs suggest it won't be too long until it does - we have been here before. BMN is on a path of aggressive growth and one day in the not too distant future, people will realise this was a time to accumulate, not worry. The shorters are causing pain for those focused on the day to day SP, but for those with a longer term view, are providing great opportunites to build your holding at now, almost pre-Vanchem levels. If it goes lower, many of us will just keep adding.It might not feel like it but these suppressed prices will ultimately prove a gift.

Yes it adds so much fuel to the fire that firstly prices are artifically low and secondly that it will be short lived in the grand scheme of things.

When I first set my own company up 10 years ago, we had a couple of clients who got a great deal but gave us great payment terms. They were great for cashflow and guaranteeing turnover. Over time these become a drain on your business as your clients realise they can turn the screw perhaps more than they should and are not profitable enough. It is common for growth businesses. The key is that you must take control back of your profitability and improve your client base in order to grow. Largo are basically in a similar boat.

The CAD $80m less that Glencore have decided they are not going to pay Largo as a result of a seemingly contrived 'remeasurement' process linked to lower V prices Glencore may have had an involvement in lowering seems very worthy of further interrogation. You can bet your bottom dollar there was no remeasurement process upwards when prices were high.

Terry Perles was very positive about prices beyond what he perceives to be an artificially low pricing environment.

That 'Game of Vanadium' tweet from MrRemmy a while ago was more on the money than he maybe thought.

The analysts almost suggest ceasing production and the best Largo CEO can say about the Glen deal is that it was useful at the time when they were raising money. (Held over a barrel) and that they paid on time. It's the unsaid that is most telling there.

It's more than an interesting listen.

With respect, many of us havent actually engaged at all and have focused on posting information relating to Bushveld.

Enjoy the beer.

That is correct and why it is such big news. There are so many businesses needing stable energy that will become target clients overnight. (They will be already in our business development sights).

And thanks SOTRR, very kind.

There's no if. It is incredible news..

This news unlocks BE's SA client base outside Eskom in a huge way.

Way bigger news than today's RNS.

The above post in this thread explains exactly why production news is very good and is far from underwhelming. I for one won't be engaging with our troll and will let the numbers speak for themselves.

Yep, it's important to note that when Vanchem comes online, there will always be able to be one facility in production, and the BoD can be strategic about when maintenance takes place at each site.

The days of a plant being shutdown and no production happening are soon to be behind us.

Within 12 months it is likely to some degree we will have Vametco, Brits and Mokopane all online. That for me is the biggest news of all.

And thanks Clark. The numbers tell the story as usual.

The production target of 2800-2900 MTV when added to the 960MTV that Vanchem adds immediately (see RNS) creates a total of 3760 - 3860 MTV for the year. Sound familiar anyone?

This is within a hairs breadth of the 3750 actually discussed in early 2018, so I for one would like to congratulate FM and co on actually, by hook or by crook, getting us exactly where they said they would, and with another excellent acquisition to boot.

The SP is where it is, but it has been a great start to the year all in all. Now watch us get closer to 4000MTV.

And you can bet the unsold production was all in March at the lowest point for pricing in the quarter.