Member Info for UncleJohn

Paludina, yes clearly there will be a time lag, certainly in cash flow terms, since presumably it is CoD. I don't know however whether the price is struck at point of sale or point of delivery. I would have expected the former. So even if there is delayed benefit to cash flow, that actually cushions things when the price goes down. i.e. it doesn't alter the fact that market prices have gone up circa 30% since January 1st.

The irony here is that the vanadium price has gone up about 30% since the start of the year yet the sp is the same. Having said that we have yet to see any P&L of BMN making a profit. Most investors know that the numbers are good, but there are also many who will only move when they see it in black and white and then wonder why the price is much higher when they buy and never make a profit. For the sp to go up materially demand needs to exceed supply continuously over a long period of time and in part we have the downside of the Duferco overhang. This in the scheme of things is not that large but will only be quickly wiped out by sustained demand. In the meantime it is bargain purchase time for those with a modicum of financial nous and spare cash.

Can some technical person remind me how much vanadium will be required for this, given that BMN have the preemptive right to supply from my memory

Nobody can say this is not progress and frankly the BoD would be acting entirely negligently if they awarded more contracts in the knowledge that there was a problem with the EIA. So I take that as a big positive and it all helps to keep progress on track. Ever forwards.

YTSS, given nobody has been able to answer this point, either it hasn't been decided yet, in which case the project is very early days or it is Lithium Ion. The Amp website does not refer to either, and I suspect that AMP are wedded to neither but will use the most appropriate form of battery storage at the time

Lindon, is this project Lithium ion or VRFB, I have looked on the AMP web site and their is no reference as far as I can see to the type of batteries they are proposing.

Without sounding pedantic I think he actually said $40-$45 per kg, so the current level is virtually there.

"The Environmental and Social Impact Assessment ('ESIA') submission is awaiting the final approval and the Company has completed various submissions to government agencies including the water authority, l'Agence du Bassin Hydraulique de Sebou, Regional Department of Environment, Regional Department of Forestry, and Regional Centre of Investment, as well as the public enquiry process with no objections and full support from local stakeholders."
The above paragraph was in the 31st December newsletter less than 3 weeks ago. It could hardly be more clear that all is perfectly well and the EIA could land any day. You can see that the enquiry process was without any objections AND that there was full support from local stakeholders, what more do you actually want. It is unreasonable to expect the company to give an update every month.

At least ASOS has seen the light and is moving to the main market. Time for BMN to follow. ASOS sp up 10% today.

Unfortunately, until the company actually produces some proper news the share will drift as there is no concrete reason for any new buyers to buy. Luckily I suspect good news is just round the corner, unfortunately we can't see round it or where it is. As has been said many many times PR is important and for some reason the BoD don't seem to understand.

Rocha, I would love to have your confidence. If all is well, why has there not been any RNS or any word from the BoD, if only to say "we are well aware of the delay for which we are sorry. There is nothing more we can say at the moment." Instead shareholders have had no communication at all. That is bound to create unease. Luckily, by comparison with you I don't have that many shares and it would even if all was well represent only a small proportion of my investments.

This is a perennial question. the graphs show you a coninuing slide. The SP is totally out of kilter with the progress in the business and with the vanadium price and with prospects for the market. The fact however is that the trickle of sellers is even greater most of the time than the trickle of buyers. Perception always lags reality and that is the case here. I confess this has gone on much longer than I could have anticipated. I am not going to predict when it will change, but when it does there will be a sudden surge of buying interest, and the paucity of shares will cause an exacerbated rise. Wait and see. Numerous LTH have given their views on the sp value, with which I largely agree. What we have little control over it timing. BUT it will happen.

Gonzalez. If you read the RNS it says Global Sustainable Minerals. Stop trying to unnerve people. I haven't seen the Tweet to which you refer but it is obviously incorrect. Take the facts from the RNS.

Highly dubious

Mogwhy, without stirring up a hornet's nest your valuations are about as negative as they could be. Capital valuations are very tricky, because it depends on the relationship of buyer and seller. In a forced sale situation the values of course will be much less, but that is hardly a realistic scenario. Looked at another way perhaps you could let us know replacement cost!!
Personally I much prefer to look at income and cost and Paludina's later email on US dollar sales so far this year is a much more relevant figure in my opinion.

Certainly I think it is fair to say there is no material bad news save delay as there has been no RNS. The last project update RNS was 24th September so it is reasonable to expect one delays or not over the next couple of weeks in my opinion. Hopefully there will be an unfolding of a lot of good info including financing. Otherwise how are they going to start construction works at the begining of Q4?

Whether it is 40p by xmas remains to be seen. I regard it as a strong possibility still and if not then by early Feb 22 when the 4th quarter update is reported. this year it was on 4th Feb 2021. Whilst DYOR and counter claim all the evidence is pointing in the right direction indeed I won't even set out what I personally think it will be by the end of February 22 as you won't believe me! (FYI I am not Libero in disguise!!!)

UKsteve agree 100%. It is the lack of buyers that is the issue and this will only change when sentiment changes and sentiment will only change when there is concrete evidence that financially BMN is a company that is going places. Then it will roar. The first step as I said earlier is the third quarter production figures LTH know the score it is new investors who need to be convinced. In the meantime for those with spare dosh this is a bargain.

Further thoughts here. It is now less than 3 weeks until the end of the third quarter, and the production and sales figures for the third quarter will show BMN has been reasonably cash positive even without any VRFB additions. True the price of Vanadium has dropped back a little but it is still within the 40-45 dollar price range that Fortune has described as being the "sweet spot". Thus so far so good.
In addition the recent news coming out of China re VRFB's which is fantastic. Once the chinese decide on something they get on with it, and quick. i.e. quite apart from anything else, and there are loads of other positives.
I have said some weeks/months ago BMN has already turned the corner and clearly Fortune is aware of the real progress being made.
Yes there has been the recent shorting which we are aware of, but shorters are there to make a quick buck and this lot know that once they have driven the price down they will reap the rewards many fold by buying cheaply. Shorters tend to short companies with great prospects.
Hence the sp is not just a bit nuts it is totally ridiculous but will remain so until the facts are on the table. i.e. there is very little time until the market sentiment towards BMN changes entirely. At this actual moment sentiment is bad due to the number of investors who have lost out on the 2018/19 vanadium price rise and they are still shellshocked

The third quarter production figures are getting ever closer, and they apart from anything else should show hard tangible progress AND whilst we won't actually have financial numbers will be sufficient to calculate financial profitability. The good news is we haven't got a load of sellers, but I quite agree there need to be a load of buyers to make headway viz EUA