From lse board : Everything looking like the futures bright. Off take signed for Vanadium with LLB of Austria. CBS confirmed and multiple companies very much interested in the product. Just don't get it sometimes. Yesterday a one million buy at 86k and today at this point 36k in buys to 28k sales and still the drop. For me everyone with a spare ...View Full Message |
From lse board : Everything looking like the futures bright. Off take signed for Vanadium with LLB of Austria. CBS confirmed and multiple companies very much interested in the product. Just don't get it sometimes. Yesterday a one million buy at 86k and today at this point 36k in buys to 28k sales and still the drop. For me everyone with a spare ...View Full Message |
From lse board : Everything looking like the futures bright. Off take signed for Vanadium with LLB of Austria. CBS confirmed and multiple companies very much interested in the product. Just don't get it sometimes. Yesterday a one million buy at 86k and today at this point 36k in buys to 28k sales and still the drop. For me everyone with a spare pound should be snapping this up. Can totally understand if it was purely based on Vanadium but with both products the company should do really well moving forward. Another sitting tight waiting for some more good news before the 2nd quarter feasibility study. |
I recon 15p by Feb. Imo wait for an imminent scorching update |
Last year , already missed it |
How soon is soon for your 12p forecast? |
Lots of buying building up |
Just stating facts Levi. I’m sure you’ve conducted your own thorough research. |
They raised the minimum they had to. Sir Mike is experienced. Perhaps you and jailbird think you could have run Xstrata and Billiton better than he did.Will eat my hat if these are not 12 p v v soon |
LeviYou are out of your depth hereYou should be prepared to lose the lot or make a big loss |
Yes there’s significant debts building up especially with current bonds issued at 13% interest.
The main thing here is the shareholder dilution, with further shares being issued. |
What CBS talk is there now ? |
If you ask me , all this CBS talk now , is to ramp it for cash call , especially now they know to finance vanadium project is not feasible How long can they keep build debt with no money to pay the interest , add it costs for R&D increase again But NB's track record we have right to be cynical |
JB, they have made many of the operational staff redundant and have just kept on a skeleton crew of highly skilled workers. I can’t see a fundraising happening until the end of the year. The plan was to have the BFS issued by Q2, with funding for the project settled and agreed 6 months after. I don’t see this happening though based on the company’s track record.
As mentioned FARs fate now lies with the CBS as the vanadium price is too low to go ahead with phase 1 build. If this fails then the stock will crash to 2p. |
TTYou are right They have to prove the plant can deliver the right quality of CBS( going into R& D phase to prove it can ) how will that take ?Then the manufacturers have to test the CBS produced by the pilot plant is of standard required , then any potential offfakeWith NB's track record , you will be lucky it will be by next year And in the mean time debt bonds with high interest are accumulating See a fund raise soon |
I do that is why I am not invested |
FAR need to get their skates on with this CBS. They have yet to produce the full sample tonnage. Testing will then need to go ahead with manufacturers, which takes a number of months and then discussions regarding uptake will commence. With FARs track record I wonder if this will be completed by the time the BFS is expected to be released in Q2. |
Seems like you didn't either |
Nothing wrong , it mugged a few in You just did not read in between the lines |
Terrible that this is now 1.5p below placing price . Having second thoughts |
Looks like something may have gone wrong ? |
Buying opportunity! |
TTL,
In order to pursue the commercial opportunities in CBS revealed by the Smithers Study, the focus of the Company's operating plant will be switched to research and development ("R&D") to complete and optimise the ongoing feasibility study, including the development of markets for the Company's CBS product
So the plant is going into R&D mode which will add more costs to this pilot plant.
So currently the plant has not been optimised for Vanadium after so many years, and now NB wants to add CBS to it. If that fails as well, game over
Desperate times
You are right it is not a feasible resource, the costs have spiralled due to inflation and commodity prices are not favourable either, nor will be. VRFB have a vanadium cut off price to be feasible too, which is much lower than penotoxide( think I have that the right way around)
Do the Chinese have some Tech that makes the project viable, just like made for cheaper Nickel |
 Vanadium demand in steel alloys will rise in 2025 due to change in Chinese rebar standards. However, expected demand rise in steel will not be as high as estimated from battery manufacturing in the medium term due to slow down in the Chinese construction industry," said Piyush Goel, commodities consultant at CRU Group via email.He added: "Vanadium demand in batteries is estimated to rise rapidly, this rise in demand will primarily come from China due to targeted government policies due towards vanadium redox flow batteries (VRFBs)."China, which is the leading producer of vanadium, is also expected to drive global demand in the year ahead."Rise in vanadium demand in the medium term (till 2029) is estimated to be heavily concentrated in China because we estimate VRFB demand to pick-up faster in China compared to other regions," he said. "Similarly, Chinese rebar standards also changed requiring higher vanadium intensity steel. Due to the rapid rise in domestic vanadium demand, China is likely to become a net importer of vanadium as the Chinese market goes into deficit from surplus." |
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