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." |
TTL,
Posts 804 and 807/808
spot one, was going to same same thing.
Levi you should read old conversations on the all the FAR threads many years ago.
All the same things were said about Vanadium demand and VRFBs back then |
The BFS will be produced based on current VO2 price and certain percentages lower to act as a buffer for any downside in the price.
Turnover - Vanadium = $50m & Uranium + Molybdenum = $45m
total turnover = $95m
Operational costs = $60m
Gross profit = $35m
Tax = £7m
Net Profit = $28m
$18m needed for capital investment
$10m free cash flow (dividend)
So definitely not going ahead if CBS fails. This was priced in to the share price prior to the CBS news. |
You really do talk nonsense, but whatever fits your narrative. I’d rather take 6 years worth of vanadium price data (which has been declining) than your 1 month which has risen. But then I wouldn’t have expected anything less from you.
Regarding your last post, people have been saying there will be a massive increase in vanadium demand for the last 10 years to fulfil VRFB installation, this hasn’t materialised. Be careful what you wish for as higher prices mean less uptake in the medium to long term. |
The vanadium market is poised for shifts this year driven by a projected rise in demand from energy storage and steel sectors.Energy storage systems that utilize vanadium redox flow batteries (VRFBs) are gaining traction as renewable energy deployment accelerates, boosting demand for high-purity vanadium.However, global supply remains constrained due to limited mining projects and geopolitical uncertainties, particularly in China and Russia, key producers.Additionally, environmental regulations and advancements in recycling technology may influence supply dynamics. Market observers will also watch potential price volatility tied to steel demand, the largest consumer of vanadium globally.In September 2024 China introduced new standards for rebar which are anticipated to increase high quality vanadium demand in the |
You do talk rubbish. Vanadium price is going m higher |
This is years old. Phase 1 is likely to cost between $300 and $400m.
Due to the vanadium price, the survival of the business is solely dependent on the CBS outcome. |
From lse chat room today: 'Competent persons report gives a base case NPV of 2,048million as of 2018 page 24/ 276Phase 1 CBS is 220,000 tons x 500 = 110 million a yearPhase 2 CBS is 660,000 tons x 500= 330million a year.When you multiply this by 20 year LOM the numbers are phenomenal. This also doesn't include the green tax for carbon emissions which could easily add between 50- 100 dollars a ton onto the price.Again looking at the competent persons report this estimates that Phase 1 would cost 100million +/- and Phase 2 225million +/-. Once all these numbers confirmed and off take for both products guaranteed this really is going to be a money making machine. Good luck everybody. BTW if this lands up on ADVFN its a copy and paste by others :-)Reply |
Are you high again ? You make no sense |
Levi
Do you read RNS’ you invest in ?
Those were comments from an old update on 2nd Dec
I see agreements are NON binding as well for Van Pentoxide |
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