That is exactly why I invested heavily in TMT
Although it might have been disappointing for some to see a tight range bound share price, but it had been good for me building a substantial stake at low prices
as you all know, vanadium prices are so volatile and currently at the low of the cycle but things will change for many reasons looking ahead
three quarters of vanadium belong to contract market and one quarter of total supply belongs to spot market. It does not take long to see a squeeze and strong competition on the spot market to drive the vanadium price up———- when?
China, some parts are in lockdown, soon they will open up, steel manufacturers will come back roaring, battery storage manufacturing are gaining momentum and certainly, Lockheed involvement is a major thing
on a corporate level, the are lots of hopefully good news in the pipeline that will take care of the share price, most importantly, the long awaited environmental approval, followed by the result of the feasibility study with our Japanese partner, followed by finalizing the project economics of the integration study, followed by off take agreements, followed by FID. When all these news come to light coinciding with Fed slowing the rise of interest rate, improve market sentiment and China opens up, then the sky will be the limit
I have big plans for TMT and hopefully I get to my target while share price is still low
My thoughts only
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