The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
With you @daisydog. I started at 35p and bought down to 24p. Prob too overall enthusiastic with my sipp. All in and haven’t been able to purchase any more below 24p but exasperated seeing it drop down to 18p and couldn’t believe the 17p
Yes Jimbo66 it would be great to have a handle on the uplift in value from todays V price to todays electrolyte price. Alfacomp provided a very informed analysis of the $80/kg electrolyte price. This was from Avalon's costs relative to a Sept 18 installation. Hence not current. Some time prior to Sept 18 the price would have been agreed but no idea when to have a realistic comparison.
Richken issued a challenge a few weeks ago regarding the selling price of vanadium electrolyte. I completely failed to find any sources on the internet. Does any one have knowledge of selling price of electrolyte and comparable v205 price at that time?
@pdub
I’m not an accountant so I stand to be corrected
Agree with $42 million cash plus profits this year
At year end we also had $27 million due mainly from wogan USA. Whilst this credit facility will be carrying forward it is now at a much lower level of $kg/v compared to year end. We will now have been paid end of year at the much higher level of kg/v. I would think the difference gives a big boost to free cash
Again not an accountant but it’s what I would understand to be the case. Happy to be corrected
@pb940, Ophidia and Pdub
Think we all respect the info paludina provides to this B.B. Do think we should record the in dock date of our deliveries so we can properly record them against the month they were produced to track production against delivered to USA plus rest of world. Paludina will confirm that the 113mtv arriving on 4th Aug was all in docks on 29th June. So can only have been produced in H1. There are a number of posters saying what a great start we have had to H2 based on arrival dates. We are reliably informed that the shut down started on 15th July and did last 3 weeks therefore including run down and start up have only had at most 3 weeks production in H2.
If you properly allocate in dock date to when it was then produced you will get a better view on USA vs rest of world. I’m currently at 74% USA for 1st 6 months.
I have no doubt from the figures that we have been stockpiling for our shut down. If you take in dock date for may and June deliveries to USA, increase for rest of world it is no great allowance on these figures for stockpiling in advance of shutdown to say for both theses months we achieved the production of March 270mtv. Hence agree with ophidians estimate of 810mtv for quarter including allowance for shut down
Paludina
Aware you do great work in tracking shipments to USA. We use the shipping to USA to try and get an indication of overall production prior to quarterly reports. Would it be much trouble to add a column on the spreadsheet for arrival at the port. As you will be aware the large arrival on 3rd Aug 19 - 113mtv was in port on 29th June 19 so has to be part of Q2 production. This I think will help with establishing % of delivered to USA against rest of the world. Can I also say thank you
Yep I would agree. It was nice that BBN took time out to give me a considered response to my question. I may not completely agree with the level of stockpiling at present, but I am having a good go at interrogating sailings to US as it is a guide to how our production is going
Newbie who is interested in understanding the quartly updates, sailings to US and sales etc to predict for myself Ophidian's challenge. I too had in my calculations that we were stock piling but not to the extent of BBN (with all respect) based on two sequential quarters of sales substantially lower than production. We have had previous quarters where this has occurred but not sequential. I was factoring in a rolling lag between production and when the product is actually invoiced which I was taking to be on delivery in the US . I.e we are selling more than the updates are showing but have also built up sufficient stock for the shut down period to maintain supplies to our major clients. Either way 350mtv still to be invoiced is still a lot of pennies. Would be glad to here anyone's thoughts on Production vs sales dates.
Ps its also quite addictive this BB so keep up the good work everyone.
Best