Member Info for SickOfTheRatRace

Welcome aboard!

I don't have level 2 but as I understand it when you ask for a quote your platform obtains the best price for you from the selection of MM's they have access to.

I guess it is not beyond all possibility that at the time you requested the quote the only non-NT response for that order level was one MM at 26.9 so that is what you were quoted. When you went beyond 35000 (which is above the market size of 30000) a further probe returned another MM that was willing to provide the higher figure.

The question that would be good to know the answer to is that if an MM is quoting say 20,000 shares can they place a restriction on that sale on the system, i.e. 20,000 no lower, or a minimum of 10,000 no lower etc? Or if you quote 20,000 you have to accept any order from 1 - 20,000?

As was commented by someone else recently investors were willing to pay 14p and that was pre-AGM info. It seemed we were dragged back down by a combination of lower entry point traders and lack of stock.

Recent action would appear to show that those profit takers are now out and there is stock available (or at least stock being transferred in larger volume). If MM's do have access to stock then hopefully they will let this move a bit more freely (and by freely I don't mean the recent 16% spreads which are quite frankly ridiculous for a producing company).

Aluminium Vanadium alloy

https://www.americanelements.com/aluminum-vanadium-alloy-12445-32-8

Multiple 500,000 buys being banged in daily.

Interesting because when I bought in recently I was struggling to get a firm quote for even 50,000 shares.

It seems share availability has certainly improved over the last week. Let's hope that availability continues when expected transformational news drops - shutting up shop at 14p won't be helpful.

Now available via the website.

http://afritinmining.com/company-reports/

I appreciate the moral aspect I am just trying to determine if there is any fraud here. A REGO can only be issued to a generating company, 1 certificate per MW/h? So if another company buys that REGO and applies it to their customers, 1 MW/h into the grid from renewable > 1 MW/h out of the grid to their customers = renewable?

So strictly speaking they are showing that they are supplying customers with 1MH/h of electricity from renewable sources, as once the original renewable generator sells it to the grid there is no way to prove that the electrons that hit your home are renewable energy or not?

For the smaller energy companies that don't produce anything I assume this arrangement is more morally acceptable than a company with 200Mh/w of coal generation saying that they are 100% green - but then the distinction is are they saying that THEY are 100% green as a company, or all the energy that they supplied to domestic tariffs did come from renewables even though they are also a legacy producer?

As long as said REGO certificates are not being sold multiple times for the same 1 MW/h then there is no fraud, just moral ambiguity from a legacy generator?

Although distasteful if it gives the impression that the energy company is actually generating or directly buying all the energy from renewable sources this could be easily cleared up by the regulations on energy mix making it clear which parts of the mix are self generated and which are bought in.

That's very interesting thanks. So if a supplier has a nuclear plant they can claim 100% renewables by buying 1 MW/h x plant generation REGO certificates to cover the output of the facility.

So to educate me further, is the issue just transparency? A REGO is only issued for a genuine production of 1MW/h of renewable energy which is injected into the grid. As any electricity in the grid cannot be labelled by source then an end-user will always receive energy that has been created by multiple dirty/clean sources as there isn't a separate direct feed per house for renewables vs legacy. The supplier then claims 100% renewables because they are purchasing from the wholesale market, marking up then charging the customer. They cannot prove that every electron to house came from a wind farm so they purchase the REGO to show that for every 1 MW/h they supply to end users they have a certificate that shows 1 MW/h went into the grid from said renewable source.

Did I miss anything?

Leaving aside some of the antagonistic elements of the post...

Three options depending on scale. Clear that bank finance is not really interested in projects below $10m from the slide so there is the option of self finance.

I don't see this as option 1 "getting us started" it is about having multiple options to cover all cases. Telling the world that no matter what the scale of the project from small deployment to gigawatt scale, Bushveld has an option for finance - option 3 being for very large scale setting up an investment vehicle that potentially investors of all scales can buy into - no single risk for a single entity. The fund can cover few or many projects of varying scales and investors buy into the fund obtaining units - like share ownership.

Option 1 would also fit the situations where we are doing an internal project, such as the Vametco mini-grid. We would expect that to be self funded from cashflows (as it is a Vametco improvement) not rely on external bank finance.

E-On becomes the first of the big six to supply all energy from its own renewable sources. The future for battery storage globally couldn't be any clearer.

https://www.bloomberg.com/news/articles/2019-07-09/eon-switches-millions-of-u-k-customers-to-100-renewable-power

@Berserker the problem with all of these sites is that they often contradict each other. Perhaps they canvas pricing from a different set of traders. There is no definitive market price for Vanadium products because there is no recognised trading platform. Perhaps the figures from ferroalloynet, asian metal, vanadium price and metal bulletin should be added together and divided by 4?

It is also worth making the point in relation to pricing that the majority of our production is sold in the USA market so although of course the Chinese pricing is important as a yardstick, it doesn't represent the sales price we achieve which historically appears to have been higher than expected.

@Beserker so in your opinion what is a good barometer of price?

Remember that $15,000 cost assumes nothing in relation to tantalum it is only for tin. We only have to blast the rock once so we can either infer a tantalum cost of zero (plus any additional processing costs in the plant over and above the tin circuit) or apportion a fractional cost to assign to the tantalum from the $15,000 tin cost figure, reducing the overall tin cost. The amount to apportion will depend on the ratio achieved, a question the company has been asked but not answered as yet (most likely as they need to produce some first to know!). It may also depend on which mineral mining figure the company wants to promote. Obviously if we produce tantalum as well and we applied half the mining cost to tin and half to tantalum, then the tin mining suddenly becomes very attractive indeed if apportioned costs go from $15,000 a tonne to $7,500 a tonne.

As additional minerals are processed (if economical as mentioned in the video) then mining costs can be adjusted appropriately so each mineral gets a portion.

Exciting times.

In terms of the current tin price we are immediately profitable on a per tonne basis.

Although tin dipped this week which analysis said was primarily due to stop loss activity (cascade effect) it has already started to recover, latest LME price for cash being $18.500 per tonne.

AV said around $15,000 a tonne for tin concentrate for Uis.

The only written figure relates to Mokopane tin, there was a recent discussion on this in the post history.

mrcautious it's sad really that so many feel the same about AIM. The abuses appear to be widespread and I doubt I could find an investor that hasn't been burnt on something. It still holds the greatest rewards vs FTSE but for every gem there's about 50 duffers.

Of course hoping as everyone else is that CASP is one of those gems.

1.5m bought in 5 minutes including a 800,000 and 500,000.

Complexity of changes?

Just add any withdrawals for that year to the remaining investible amount for that year.

Hardly seems beyond the capabilities of programmers.

A more likely discussion is held in the finance department:

"How much more money will we make if we let customers do this?"
"Small to None."
"We are not doing it then! End of discussion!"

mrcautious BMN is worthy of some research particularly as they are entering the grid scale battery storage space which will gain significant attention during the next few years with grids around the world increasingly announcing storage projects. As coffecups has said their resources are indeed mind blowing - it's how successfully they can exploit said resources that will ultimately decide value from that side of the business. The battery side (Bushveld Energy) will be relying on that supply as its primary feed for batteries but the value that will generate has the potential to eclipse the mining side. I am heavily invested there and have been since as low as 1.5p.

BCN was mentioned and that seems to be suffering from the same thing BMN did, a rapid rise from 20p to almost 50p, now being pulled back. I have no position there. For someone early in the journey look at ATM, they have just confirmed good Lithium grades alongside their primary tin resource. I hold ATM.

As for CASP, I am a recent buy in mostly from the enthusiasm of coffecups but also because fundamentally I see this as a good price for entry given the position the company is currently in. Ultimately the gains will come from deeps and there is little point me continuing as just about everyone reading this is well aware of the current situation. It's not a share I am going to risk any trading with as the right RNS could easily boost this 100% in a day particularly given the movements I have already seen on low volumes - there don't seem to be a lot of shares about.

Great news. Stay positive. My colleague suffered with a loss of sensitivity with nerve endings in his fingers. Best of luck for the scan, let us know how it goes.