RE: A word of warning2 Dec 2018 09:05
Yep Clark, regardless of the obsession with the SP's next move, the bigger picture of this year and what is to come is exceptional. Even with the recent dip it's been a spectacular year with the dividend policy announcement arriving soon and entering next year with production rising, a fantastically high vanadium price and BE accelerating at a rate of knots towards full implementation. We were always going to be a target after a rise such as we have had - we always are. And we will be again.
It never ceases to amaze me that people don't see the influx of new posters on down days for what it is. We have really seen it after every re-rate and still it seems a surprise every time it happens for some. It's no surprise that the holders who have been here the longest and often with the most shares are the least concerned with any drop.
Even the last week or so - which has probably put some of our newer holders in the red, has been brilliant if you can separate progress from the SP - which anyone with more than an hourly view on their investments should try. We have been in the FT, won an award, seen the BE business plan hit the public domain and seen Fortune deliver a number of brilliant presentations. Our fundamentals are improving by the day regardless of what our SP does.
I honestly couldn't be more relaxed about my investment, have added all the way up and am more focused on the paradigm shift of a company that is blossoming in every direction.
The market hasn't even started figuring out how to value us as a vertically integrated vanadium platform. I agree we think Nick that we are going to see a much higher PE ratio assigned over the coming 12 months. Our upcoming energy storage projects and mandates combined with our epic q4 and annualised results will make it impossible not to.
A bit of seeing the wood for the trees is needed in some quarters. If BE was a book, we are reading the preface, whilst Fortune is busy working on books 2 and 3 of the Bushveld Minerals trilogy.