Member Info for Sanchez599

He called GEO as the next SolG. Turns out it is. Spiked a bit, halved it's value. Not making any money.

Tweeted by BMN

http://webcasting.brrmedia.co.uk/broadcast/5b4db8abb648f6302b14dc2c

I'm not sure a market that is in blind panic is a good thing at a time where a new technology dependent on the affected material is launching in earnest. A bit of managing market expectations on the supply side for both steel and VRFB is needed imo.

There is also a highly publicised wealth of lithium available. Clarity on electrolyte pricing, BE's valuation model and additional supplies/Mokopane/Brits can't come soon enough imo. Let's not be the betamax of energy storage.

*coot apologies predictive text

Copy - twas tongue in cheek! He definitely isn't delighted. That RNS was designed to cause downward movement and it hasn't worked. Why release that now? It says nothing.

LJ - it was Mikhail in the 101 who suggested he would like BE to surpass BMN.

Paid

Very much agree Daisan. Whilst getting excited about short term profits is great, it would actually be a perfect time for BMN to be a little less opaque about some of their next steps and further supply. The market needs it. What's to say $100 V doesn't become $130 V and at some point it becomes uneconomical for customers - either for steel or for a large scale use as cheaper electrolyte. A bit of steadiness will be needed soon.

Hell no. JZ is stuck with us, I am sure he is delighted. No point bailing! Interesting looks like buys are on the mid so everything will look like a sell.

50%. Not ideal....

Well that wasn't worth waiting for.

Did that really take all this time to figure out? Nooooooope. Some desperate likes on Vox! Agree Starrage and OFD.

Worth noting that most £1 valuations are based in the main on Vametco metrics, not on BE, Mokopane, Brits, Lemur and potential brownfield acquisitions coming into play. They also are based on targeting an average mining company PE ratio. Personally I am still yet to discover anything average about BMN. As John Meyer mentioned, Bushveld could see a tech style rerate under the right conditions - meaning serious VFRB/electrolyte success. BE isn't a mining company.

Did you just Google vanadium CG? ;-)

H1 interims will be out back end of September. They will contain numbers in black and white and are exactly why most on here are more aimed towards those than the Q2 update. The Q2 update will still need potential investors to use their calculators which as we know is a terrible deterrent to buying shares.

They are also removing credit facilities they obviously needed during darker days that will have demanded specific financial reporting and oversight that they no longer wish to be saddled with.

YTSS - it will be production numbers not revenues. They will be in H1 interims.

Repaying some debt to the BNDES and banks doesn't change the huge number of warrants they have in play.

Yep it bodes very well for our update. Eye-wateringly high numbers. Phase 3 can't happen quickly enough!

http://www.largoresources.com/investors/news/press-release-details/2018/Largo-Resources-Provides-Guidance-on-Second-Quarter-2018-Revenue-and-Announces-Receipt-of-Consent-to-Repayment-from-BNDES/default.aspx

Correct Daisan. Mine assumed 70% ownership. Because it's nailed on.