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Colin Hamilton is their Vanadium Expert. He published this note around this time last year:
https://assets.angelpub.com/pdf/ea/bmo-global-january-2018.pdf
Yes, here's all I could find on it:
https://www.cnbc.com/2018/12/21/-trump-tariffs-would-make-a-steel-slat-border-wall-much-more-costly.html
They estimate the cost could be between $5B and $70B (which is a huge estimate). But that sounds like a material amount of steel.
I remember when Trump was elected in 2016, major concrete stocks had a significant rally
It looks like President Trump has dug in on getting his border wall built and it is reported that he now favors a "steel slat" wall as opposed to the original concrete design.
Has any one seen any analysis on how much steel would be required and how much vanadium it might contain?
http://www.mining.com/web/bull-market-storm-brewing-vanadium/
Keep in mind, he is President of CellCube Energy Storage
I recall Fortune characterized Yellow Dragon very positively this time last year in interviews around the time of the Vametco reverse takeover transaction. Something to the effect of "they are long term believers in Vanadium"
Guess the meal was that good!
I think it might be a copy-cat inspired article based on one in the Wall Street Journal earlier today by an Australian-based reporter. Too bad I don't subscribe to the WSJ.
yes, the price target raise from 34p was long overdue
Endion, while I can only speak for myself, please don't see everything as an attack.
Also, maybe I was not clear enough in asking, but my question is not whether BMN's price target is conservative. As I see it, this is what you are trying to address in your answer.
My question, as clearly as I can state it, is whether SP Angel is understood to be generally in the practice of setting conservative price targets. I often see them referred to as a "conservative broker". I had never heard of SP Angel prior to investing in BMN. So, my question is: is this basis for this claim solely their past and present BMN price targets relative to what you estimate fair value to be?
That is my question, and it's in no way a reflection of my lack of understanding of company fundamentals.
I have also wondered about SP Angel's being described as "conservative". Is this based only on their past conservative price targets for BMN? Or are they known more broadly as being conservative?
I can imagine that it's awkward for a company's NOMAD to put a sell rating on, so for this reason alone I imagine they have an incentive to be conservative.
I know about Largo and Bushveld's expansion plans, I was wondering if anyone is also following what Glencore may have said with respect to any Rhovan expansion plan?
Yes, I think the Metal Bulletin article speaks not to the standard per se but to its enforcement (or lack thereof).
Vanadium market impact of course depends on the standard being enforced. Which I hope and I guess would expect it is (otherwise what's the point?). That article just gave me a bit of pause.
Not sure if we have any Metal Bulletin subscribers who would be able to reassure. But again, it's just an article. Not gospel.
I don't subscribe to Metal Bulletin, but this article might be of interest.
https://www.metalbulletin.com/Article/3850389/Search-results/FOCUS-Why-Chinas-implementation-of-new-rebar-policy-is-failing-to-support-vanadium-prices.html
I think one of the stories/assumptions behind the Vanadium rise has been this rebar standard. Hopefully it is enforced going forward
Yes, Terry is great. "Mr Vanadium".
I do find it a bit interesting that the last Largo presentation to incorporate a Terry-inspired long-term forecast V2O5 price chart was August 2018. Subsequent monthly updates dropped this slide.
My guess is it's probably as simple as in August $20 long-term represented an upside to the quoted spot of $18.88, but in subsequent months this price (while great) represented a downside, sending a superficially not-great message in an introductory presentation.
Thank you Alfa. The tone of your reply makes me think you may have read my post as some sort of slight against Terry. It was not intended as such, and if it reads that way (but I don't think it does) then I should have worded it better.
I was just presenting a collection of perspectives on the outlook for the Vanadium price, that I don't even think were in conflict really given the non-specificity of the RoskiII forecast.
Here is an outlook for 2019. It's a bit North American, non-producer centric, but the best parts are from the RoskiII Analyst.
https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/vanadium-outlook/
He's still optimistic for 2019, as we all should be.
I was also reviewing some Largo presentations from earlier this year. I believe they were relying on Terry Perles work to forecast a V2O5 price of ~$20 for 2019 and 2020. Keep in mind that after this great crash in recent weeks we are still above this price.
I also think Fortune was quoted in a recent London event as being confident of FeV prices stabilizing around $75. Again, in spite of this crash we are still substantially above that.
Though I would of course be happy to see prices turn up again or at least stop falling.
ha, I wonder if independent shareholder websites ever log IP addresses and do Reverse DNS Lookups?
I've heard it said here that MMs have early access to RNSes.
Is it possible the lack of shares available to buy are hinting at an RNS?
I don't have my tinfoil hat on, this is a serious question. I am honestly quite surprised that MMs would have early access, but I believe it has been claimed by credible people on here.
Indeed it would!
There were some bankruptcy proceedings involving them and IRL with a scheduled date that someone posted a few months back. Does anyone remember that or even better know of any outcome?
I wonder where is the money coming from to do anything there? Is it shutdown or just in "bankruptcy protection"? I would think we would have to be pretty quick to disclose any involvement with them.
I can see no need for a placement. If anything a debt offering.