RE:RE:Vanadium Pricing Comparisons
I may have to take my words back. Here is what they got for Q2: Vanadium sales from a contract with a customer was $75.8 million in Q2 2019, compared with $100.7 million in Q2 2018. Vanadium sales per pound sold 7 in Q2 2019 was $13.86 (US$10.33) compared to $18.42 (US$14.24) per pound in Q2 2018. This decrease is primarily attributable to a decrease in the V2O5 price, with the average price per lb of V2O5 of approximately US$8.59 for Q2 2019, compared with approximately US$15.44 for Q2 2018. Assuming the quarterly average price per lb of V2O5 of approximately US$8.59 and quarterly V2O5 sales of 2,480 tonnes, the Company could have earned estimated revenue8 of $62.9 million (US$46.7 million) in Q2 2019. The most recent European Metal Bulletin price range quotation for V2O5 posted as of August 9, 2019 was US$7.00 to 7.50 per lb. #### They got a better price than the 10.33 vs 8.95. They was why they got a huge remeasurement bill in Q3. #### These accounting anomalies are killing investors, because you don't know what the real result. I am glad that the days of Glencore are numbered. Judging from the fact that the CEO is buying, better days ahead.