Vanadium prices continue to decline - vanadiumprice.com is again...

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dbd25

7,306 Posts.

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23/10/23

16:44

Post #: 70489435
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Originally posted by Troydt: ↑

You have very valid concerns and there is a significant amount of TMT shareholders who think exactly the same!

TMT management has been very good as far as share dilution/cost control etc over the years and their overall plan. I think the external influence around ESG, enviros, and native title have caused delays which have enabled a merger to come about in relation to Government support as @bythefan has alluded too. Again AVL needed the merger.

I can list 1000 reasons why TMT does not need to be married to AVL.

My best analogy on the merger is TMT is marrying someone with 8 kids and significant family costs who is on Centrelink (AVL government grant). Any person worth their salt would not enter into that arrangement. I can tell you there is no LOVE between the 2 companies.

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Vanadium prices continue to decline - vanadiumprice.com is again showing both the European and Chinese pricing for 98% V2O5. They are now down to US$6.20/lb and US$5.05/lb, respectively. I don't see how any new Vanadium mines can be financially viable at these prices, and perhaps nor are Largo and Bushveld. I think the road ahead for the Vanadium sector is unclear. Maybe TMT management have realised this too.

All IMHO, DYOR

TMT Price at posting: 24.3¢ Sentiment: Sell Disclosure: Not Held
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Vanadium prices continue to decline - vanadiumprice.com is again...

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