Member Info for TrevorBrooking

If V prices don't start rising soon additional funding (on top of the Orion Deal) may well be required. CC is working hard at reducing costs, but the inflationary economy isn't helping with this. How confident are people in the ability for CC to raise more cash if it came to it?

Harchris "This year average sales price won't be too far off what it was last year"

What nonsense, prices are down 11% YOY

Agreed Faramog, it would be useful to have an update on Belco, last I heard electrolyte samples had been given to 10 potential customers, no update since then. I'm sure we would have been notified of any contracts as this would put a lot of uncertainty to bed, but alas, we have had radio silence.

The risk is whether V price will increase enough before the funding runs out. I think everyone agrees that the long term forecast is for price increases, it's whether or not those rises come in time to save Bushveld - that is the crux of the matter.

Ignore the fuss about operational progress because without a price increase, it will bring marginal gains and means diddly squat. A loss was made last FY, and V price is currently down about 10% on last year, so you can have a pretty good guess to what's going to happen in this FY

Ironic that Pdub comments about bullying, apparently he's more than happy to do it himself in a DM!

SB2023, you seem to know an awful lot for someone new to this share..... However, your claim that V is spiking doesn't square up with the price, down approx 10% on last year.

Harchris - Lots of "ifs" there....How confident are you that CC will deliver?

True Eatstocks, they do need to reduce production costs, but if it still costs more to get it out of the ground than they can sell it for, they're flogging a dead horse. V pricing appears to have stabilised at a low price, despite rampers telling us that demand is outstripping supply!

I think everyone that's invested over the last 5 years is down! The new CEO cannot control V pricing, so profitability is to a large extend out of his hands.

That's not going to help much if they couldn't make money on last years prices will it!

Just for balance:

V pricing - Pittsburgh - 180 days - down 7.89%

There sure is, some people have been ramping this for years now, overseeing an ever falling share price.

Those prices do not bode well, and however Pdub tries to spin it with chemical sales, these only make up a small proportion of revenue.

HMHG, should have kept quiet! Does go to show though that Pub is reading filtered posts...

Codejunkie, investing is about making the correct decision at the correct time. CC may have previously considered the price to be overvalued but now feels it is good value. This is in fact the right way to invest rather than just sitting on a share in a long steep decline. LTHs haven't exactly shown themselves to be the shrewdest of investors on this particular share, maybe CC is just that bit smarter than you!

Pdub "I have posted this info before" - please stop spamming this board them

Am I missing something, when I was at school there was 2.2 lbs to a kg?

The due diligence on the re-financing would have taken into account forecast production levels given by Bushveld, now this has been reduced this will impact future cash flows and therefore the ability to repay on the proposed terms. Perhaps this is what is causing the delay in the re-financing being agreed and Orion are relooking at the deal. Just my opinion.

Harchris - "If anything what these results prove is that the investment case the likes of Pdub and I have been pushing holds true, all we needed to see was guidance being met and profits were going to be rather significant"

Guidance was not met, profits (if any) are not going to be significant - how can you claim that your investment case holds true, you are simply deluded!

Now that the dust is settling down, people might take time to reflect on the posts on this board over recent months. Some posters have been telling us on a daily basis that operational progress is improving and production would be well up.

It's plain for all to see that this clearly wasn't the case. All I request is that you bear this in mind when those responsible for these posts claim the same again, which they no doubt will, unless based on actual facts rather than opinions. Trust no one unless you can verify their claims with facts.