educated guesstimate Q1 results
I think we can all make a reasonable guess as to what Q1 results will look like. If I was leading the company and I was willing to build inventory, I'd guide sales to the point where they're just enough to avoid a loss. Now, Q1 production is 2422t and sales stand at 2232t V2O5. Combined with a sales price slightly north of $10/lb that would account for revenues of roughly 50M, similar to Q4. Since operational costs should come in a bit lower (lower or no flood-related extra expenses) this should pave the way for a still small, but better than Q1, profit. Also, management could point out the situation was improving (albeit from an extremely disappointing base, I might add).
My assessment with regard to BESS is this: Day by day it becomes clearer that there isn't enough Lithium to even feed the EV market alone. There is going to be a shortage of Lithium and since it is essential for mobile applications, its basically going to become more or less unavailable for stationary batteries. This in turn should increase demand for flow batteries. Whether these flow batteries will be Vanadium-based or other chemistries, remains to be seen. As for now I will remain diversified in several flow battery chemistries.
Like Island9999 I keen a close eye on Energy Storage News and deem the absence of flow battery tender wins remarkable. This has to change very soon. Otherwise the story will collapse and I don't want to own LGO stock once it happens.