The situation is starting to look grim for both Vanadium developers and exisiting Vanadium producers, given the falling Vanadium prices. I see Asian metals is showing red across the board again today, following a few days of similar falls. I can't understand how any producers are able to sell at these prices and make a profit. All the V developers, including TMT, should shelve plans for securing finance in the short term, it isn't going to happen. The only thing they can do right now is to position themselves for the upturn in V prices, get the EPA approvals all complete, etc.
All IMHO, DYOR
TMT Price at posting:
27.0¢ Sentiment: None Disclosure: Held
