Darkest before the dawn29 Sep 2021 23:12
I think we've just endured the toughest H1 we're going to face as a business and rightly the SP has struggled as a result. Pandemic, exchange rates, maintenance, strikes and vanadium price all worked against us.
However, we've weathered that storm and production is up, vanadium price is now profitable at a higher production level than previously and we're well on the way to further improvements in production and our own electrolyte facility.
I'm frustrated but we needed to come through this period to realise our future ambitions. At our current market cap, provided vanadium prices keep above cost and production stabilises and continues to improve we look like a very good investment.