Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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The cash position explanation is what most don’t understand and the consistent inflows over the year now. Vs mcap and reward coming with v it’s good opp. Risk yes but high rewards vs current price. Selling certainly dried up and wide spread shows the defensive mms. Just need to crack blue and it will shift
I find him very helpful, extremely well informed and straight talking, certainly a lot better than some of these ‘house experts’… plus plenty of passion
Jeez, I have never understood where Oak Bloke gets all that corporate data, let alone processes it. And does this for many stocks, day in day out. How big is that outfit? Is it AI?
I’m just a simple guy: Vanadium is critical metal. Only three companies produce the raw product, and BMN have 2 of the 4 production plants (soon to be just the one). Everybody else extracts it from sl*g. All of the primary producers are suffering from low prices, quite possibly manipulated by the Chinese to drive the Westerners out of business (sorry, just my opinion). So to some extent, this becomes a strategic metal. Strategic materials will not fail. You might not be able to turn a buck on this for the next year, but hold fast, our time will come.
@lamps .. jumped the gun a tad with the news ... i suspect the same again end of july when (assuming spr don't **** about) the large cash injection comes in.... then there is working capital liquidity..... as the oak bloke rather points out in his latest today .... https://theoakbloke.substack.com/p/bmn-bush-country
No one is ever right all the time in the stock market. Too many variables at play
Has the 'oak bloke' ever been right? There is a lot effort that goes into the reports but it always seems to give a positive view on things. With V prices where there is a spike every so many years, it is always gradual and takes many months to peak, and there is always some factor behind it. It never suddenly jumps up (and down) like AIM shares , and especially nothing like what happened here last week.
I reckon Craig buys a second wad of shares, another £25k but this time at 0.5p vs the 3p he paid in December.
He’s on what, $350k a year? I doubt it’s worth breaking his promise over a fraction of his yearly salary, especially as there’s a decent chance of a meaningful return at this price.
Decent write up from the Oak Bloke this morning, he makes a great point about where V prices could go based on historical long term averages. I do think BMN holds long term promise as an investment.
On balance though, the fact that the board aren't keen to buy more shares at this point tells me this will be 'dead money' here for a long while longer. Surely they cant always be in a 'closed period', as that was an argument as to why CC hasn't bought more shares. I thought the closed period was the 2 months prior to the annual accounts being published - well, that's happened now, so surely they are no longer in this closed period?
If anyone is going to take on the role of sharing daily vanadium price updates on here it does help if you share the drops as well as the rises otherwise it might give a false impression of what's actually happening.
Also in regards to AsianMetals soon the grid should turn much more green but that won't necessarily mean there's been a push towards $40/kgV, it'll be more to do with the comparator against the worst of the lows of early 2024.
Want to see 20% increases in the 90/180/360 day movements.
Commodities flying this evening.
Tigger
Have you met Sammy 58 ?
Probably agree with that. They have kept the buy side very light on the book last few days. Interesting what kamran has said and he is indeed buying. I think there is a large buy yet to pop up as mms went very defensive.
https://x.com/kamsattar/status/1808263344329232660?s=46&t=klceItdHWWIeRy0yz3tFOQ
LOL too early
SP slide this week seems disassociated with trading, particularly today. Almost as though there is embarrassment over Friday’s record rise which needs to be corrected. V price followers will be pleased to see a tick up Asian metals, albeit only for China so far. We live in hope.
A strangely decent factual article ... and they posted my killer question as well .. to be fair to CC, he did take it on but as for reading the riot act ... why would SPR give a stuff
Sold at 76, back in. Thank you sellers
"Coltart said he expected vanadium prices to start increasing within 12 months, commenting: “It’s a matter of when rather than if. Estimates we have indicate prices could start moving up from quarter four this year or quarter one next year.”
LOL"Coltart"
Those are pretty much verbatim quotes from CC as I recall.
Timescale was what Craig said, not me.
"Craig said it was not 'if but when V prices would recover', with best guess being Q.4 this year / Q.1 next."
Out of interest was that time span on uplift in v pricing Craig's best guess or your own?
Did he (or can you) expand on what on the demand side is expected to change in this period?
For me I can only really see a combination of suppliers going offline, a shift in Chinas building and infrastructure needs (or another country reaching Chinas demand for V), and removal of sanctions on Russia's steel output, to stop it entering the market under cost through the back door. Q4/Q1 seems a short time scale for any of these in my opinion, (perhaps 1-3 years a bit more realistic,) which is why I ask your thoughts on the Q4Q1 timescale
$BMN is their ticker
Sure it wasn't Bannerman Energy?
Haven’t listened as yet but clearly the market didn’t like it. One trick pony now totally V price dependant. Got my average down so may still reach BE or small profit but this will struggle to go above three again to my mind
I see that trade asnt appeared on here.
i saw it on the cnbc ticker,a few mins before i posted.