Member Info for Tornadotony

Looks like the hydrogen sector was red hot in April and taking the usual May cool off which is happening on a lot of stocks. The bond market may not have a direct impact on ITM financials, but it may have a secondary impact on customers who plan to borrow funds to acquire their kit. I am waiting to see if USA and UK for that matter see rates falling under 5% again for 10 year Treasuries and the like. As a precaution I took 3/8ths off above 168p on the free carry. If the bond rate break out higher and things hit the fan in equity markets, I will buy ITM back again when markets settle a bit.

The sells are likely retail. Blue Vision still has its investment in place.

Valuation at the current share price for debt and equity is around 13 cents/pound for vanadium pentoxide in the resources of ore body 1 only. It excludes all other order bodies that are 3 fold greater, all carbon black deposit, all other ferro metals, the research facility plus all its intellectual property. Against revenue at $4 pound that is 3.25%. Against market average long term historical price is 2.36%. When you consider the carbon black 125% revenue against vanadium pentoxide at $4 pound that value percentage of 3.25% equates to 1.44% of total revenue against known resource. The stock is hardly overvalued and most entities would roll over debt payments due.

It is like having a mortgage and at refinancing and the bank identifies the asset has 55% more value because of the property value going up with all the improvements also added and the owner is asking to carry forward the previous mortgage or add a bit to it. I am beginning to think some retail investors have concerns with sentiment and sold their holding to someone more than happy to buy it. All my opinion.

I perhaps should of said like Abraham they saw the burning bush and came down the hill from Sinai and gave the 11th commandment for MTL price to fall.

If somebody want to talk the share down and somehow they think they have that almighty power of doing so like Abraham parting the Red Sea by all means have a go. They will need to accept that I for one will back up the truck and load with cheap MTL shares if that divine miracle was to occur.

Having heard how Starmer has been advised to print money and pretend it is not in the UK budget and lefties claim that not enough is spent on welfare I have strong feeling this share will be 90p when the currency gets devalued into complete oblivion.

All the best to my fellow brave MTL investors.

Tony plus two beers consumed.

Https://astanatimes.com/2026/05/as-hormuz-tensions-rise-central-asias-role-as-transit-hedge-grows/

Turkey also in discussions with Kaz Government.

Https://www.sciencedirect.com/science/article/abs/pii/S0360544225047656

Appreciate the advantage of a research lab trying things out.

It is up to everyone not to be lazy and to do their own research and be responsible for their own risks and portfolio management. What we have in common is the bravery to manage are own investment against paying some other organisation to take their cut regardless if they waste your money or hit the dart board bullseye lucky on a particular share.

Lets run on some bad figures at year 2 of production say at 125,000 ounces which is ample time to crank up to. Lets assume gold is $2800 an ounce and the AISC and tax etc is $2200 per ounce. $600 an ounce profit is $75M on the worse combination of stats. Say debt after mine construction was $40M and it was just getting to breakeven in year 1. The company is worth $523M at present which equates to 7 PE rate which is way below a rate for 12 year plus mine life. The figures given have costs doubling and gold way down in price which is probably unlikely. As each month passes and more mine build completes the project de-risks. Risks sharply diminish after commissioning and planned production outputs are being met. Things can go wrong but any cheap shares will be bought into. Anyone buying here is weighing up construction risks and gold price and its tolerance in taking that risk which decides how much one may invest in a share at any particular time. Every single stock on the market can make an investor to be a fool at a price they bought. It goes with the territory. The alternative is called a cash ISA with 3% or so annual returns. Overall, I think its a reasonable punt at the current share price. It could be around this area for several months.

Https://www.linkedin.com/posts/metals-exploration-plc_construction-at-our-la-india-gold-project-activity-7457722977502134274-PnE-

I am hopeful for a positive market response to resolving an unknown short term risk. My averaged down entry is lowish 30's. Onwards and upwards with this one in the portfolio.

Same thing happened on FAR. Share moved down to hit a buy order so around 1,250,000 sells were used to fill it. The only thing this might tell us is that we have a buyer in the background wanting cheaper shares at lower ask prices and the market maker is moving the price down to fill the order that buyer wants. The positive is that we have a buyer and the negative which is seen in many stocks is little momentum for going higher which gave what the large buyer wanted.

The future key is whether we see a blow up in AI tech and whether money moves into places like BRES which has strong fundamentals, has a future market but it needs funding to advance . It needs investors happy to run on a longer time frame then 5 minutes to 3 months and have the patience to hold for a couple of years although it does not rule out the odd top slice like a divi and having cash to buy it back again on a pull back which a proportion of investors do. A further question for investors is whether to hold tons of FIAT currency like Buffet or holding assets that have proven value in ground and are as important as the house one lives in and physical assets like gold. It is time to have courage in backing the stories and evidence of what we believe in knowing as well as accepting there are unknowns. We are in a world where we do not know if the ultra elite are going to print money or create a destructive depression. So far they have hollowed out the middle classes and demotivated youth and the irony is that it destroys their own wealth in future as they have broken a key mechanism that creates wealth. The time of change is approaching. I wish all BRES holders of which I am one, the best of luck. We have at least the bravery to hold positions in companies such as BRES and we may be tested. Whatever the case I for one retain a hold.

Copied from BRES board courtesy to Fortuna Favet.

https://www.cliffordchance.com/insights/thought_leadership/how-governments-are-backing-critical-minerals-investment.html?hl=en-GB#:~:text=In%20April%202026%2C%20the%20EU

In case this was not posted before.

https://vanitec.org/latest-from-vanitec/article/china-vanadium-market-enters-new-phase-as-energy-storage-drives-structural-transformation/

No wonder all the sells had a buyer.

Volume above 5M In 17 months it has happened on 11/12 occasions.

https://www.***************************/ferro-alloy-resources-progresses-balasausqandiq-development-as-panmure-liberum-maintains-buy-rating/4121250696

nothing new.

the company has a great asset. i just which they could deliver it to the market.

Closes at 13.45p.

Another company he owns was massively funded this morning from a Norwegian bond around $210M. Hopefully this company are nearing financing this project. Sources of temporary funding can be obtained on a royalty deal if the company goes that route.

Do the price swings in the financial and commodity markets seem strange to you? Yeah, me too.

"Whistleblowers now claim news was coordinated with insiders, leaking order info up to 30 minutes before the reports went live. Former Rep. Marjorie Taylor Greene and analysts like Mohammad Marandi are calling this 'war/peace' rhetoric a cover for massive insider trading. And this was not the first time. Since March, more than $3.5 billion worth of perfectly timed oil shorts have been placed before major Iran war headlines."

This corruption is destroying the price discovery mechanism of market, and erode confidence and honesty among all traders. And this insider profiteering is reported to go all the way to the top, to not only those who report the news, but those who make it.

There are also those who show correlations between a rise in US debt interest rates and the release of 'news' designed to keep them below the 5% level. I have included this in the first chart below.

https://jessescrossroadscafe.blogspot.com/

Tony

Just like being on an NHS waiting list!

Currently just over $100. Higher than futures price.