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The market needs to see proof that these anticipated lower costs have become reality. We are told that that once Kiln 3 production is ramped up then costs will lower. So more productively, less cost equals more profits. Of course the company has no control over the price of V, and at present the company estimate is an average price of $41, the current average being around $45. Should this prove to be an under estimate then this will also feed into the profits.
Ultimately it needs strong buying to elevate the sp.
Where would the £17.5 million come from? All money is earmarked for something (and more besides). We have around 750k shares in treasury, these, afaik, cannot be touched. The company’s priority is ensuring it is running and operational rather than the sp.
Disciple13, think your inferring with the hedge fund comment that this is being shorted. I had someone check the stock on loan figure and nothing abnormal. Shorttracker shows nothing though could be under 0.5%. Really does not help though the proportion of shares in pi hands
The buy sell ratio on here should just be used as an indicator and it’s nowhere near an exact science. You’ll probably notice that large trades are held back until the evening or even the following day to prevent a disorderly market. The way they are marked up, buy/sell, is usually the wrong way depending on the time it was published
I don’t believe the MMs are up to anything. Don’t rely on the information regarding sales and buys from the LSE site, it just works out what is a buy or sell depending on the mid price. It should not be taken literally on how they interpret it. There has been practically no buying pressure for a very long time and some very heavy selling going on for many many months. Trading volumes are well down on what they used to be
Five of those eight are nominees so they are not major shareholders. The directors shares came down by 12 million when AV left, I suspect he has been offloading, he was gifted these. Suspicious about what Acacia have been up to, didn’t they ‘move’ some shares about for the Mustang deal.
I had this link as the US Vanadium price. Nothing else free as far as I know, aside from the Twitter price. As Lindon says the price that counts is the one the company actually get.
https://www.investing.com/commodities/ferro-vanadium-80-min-united-states-futures
He made the point that the price of vanadium is greater this year than it was last and that costs are expected to come down as kiln 3 ramps up. There should be more clarification on this in the q2/h1 numbers. The call was mostly about last year, most info was known so is largely historical.
As cc mentions, he made comments regarding CLNs and the fact that they do have a detrimental effect on the sp which in theory should be removed over time as the CLNs mature and the sp can find a higher level. He remarked that the brokers both have estimated a much higher target , I believe SPA have a figure of 31p and ARC 24p from earlier this year. A couple of problems with this are that AIM does not really follow logic or fundamentals at times, and there is also the Orion CLNs in the distance but it is not clear , with a target price of 17p, how this would work if the sp stays below that. I guess there is something in the small print and I think the company may be able to reduce the burden. I guess thats where a discussion takes place on how any profit is used , future expansions, etc.
The BE carve up to happen in the calendar year. Bit vague and I was expecting a little more. Fire alarms went off quite a few times, think FM had to go and sort it out! Only two questions were asked. John Mayers and a guy from Tower Capital? Went through( costs, production. Said they are having problems with load shedding as it has impacts on various things, equipment etc.
I made a comment to this effect as soon as I read that BE would become a standalone. There is certainly quite a bit of detail to be worked out, maybe they have already done most of it if not all. The sooner the better as far as I am concerned, if it is delayed the market will act negatively. I am expecting the company to respond to yesterday‘s statement probably within the next month. Possibly just some sort of roadmap for how they see the spin-off timescales working.
The brokers have used a V price of $35/$38 in their earlier modelling for this year. Anything above that is 100% profits so the next brokers notes should be interesting. I assume these will be out once we have the H2 numbers
It’s worth noting that SPAngel used a target price for Vanadium of around $38 per kilo on their last analysis report in February. ARC used a figure of $35. I look forward to the revised reports based on the first half performance, they may increase their guidance for the price expectation of vanadium. The company confirming they are achieving a far higher rate, we just need them to confirm the actual sales figures.
And how do you know that? All BMN shareholders were given ATM shares. The electrolyte plant is under BMN , at present zero value has been applied to BE by the brokers as its not generating revenue, and unlikely to do for some time.
At some point BE will be spun out and I expect BMN shareholders to be allocated shares in the new BE, possibly being able to purchase additional shares at a preferential rate. A line will have to be drawn regarding qualification, and there will be a lot of detail to thrash out, but BE has been a drain on the overall company. I think this was the plan all along, indeed it has been speculated previously on here, but the expectation was probably that BE would be a more mature company by now but things like Covid have pushed things back. The devil may well be in the detail, but I would expect things to move fairly quickly (by BMN standards). Now you know what the new broker will be ding.