According to Brett Beatty the local
RCF MD and investment leader RCF has been studying vanadium potential for more than a decade.
It likes the ‘emerging energy’ elements and - in line with its’ policy it is prepared back the resource protect and develop it accordingly whilst waiting for things to improve!
Here’s some direct quotes from rookie’s interview post just a few days ago which you must have missed!
https://hotcopper.com.au/posts/70317575/single
.. “we prefer to take a countercyclical view in particular commodities where we still see a lot of uplift coming.
“We don't just look at commodity prices; we look at fundamental asset quality”..
…” if we had a choice between where to put our money right now, it's certainly vanadium over lithium”
More?
..”We came onto Australian Vanadium's register in March, and have had a view that in the best interests of not only both companies but also the ore body which they share, we wanted to ensure it was developed appropriately. So we are very supportive of the merger due to the localized synergies that can be extracted from not having two companies compete for infrastructure, resources, financing and offtake.”
“lobster pot” is your projection I think rather than a rational explanation of the RCF view!
(even if it did want out I expect it would want to get out at much higher prices than current!)
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