Snirp schreef op 1 jun 2018 om 18:57:seekingalpha.com/article/4178379-vana...
AMG wordt genoemd in het laatste artikel van Matt Bohlsen, nu niet alleen met betrekking tot lithium, maar ook als vanadiumproducer. '''AMG Advanced Metallurgical Group NV [NA:AMG] [GR:ADG] (OTCPK:AMVMF)
AMG Vanadium is a leading provider of products and services for the metals, manufacturing, refinery and petrochemical industries. AMG Vanadium produces ferrovanadium and related ferroalloys from spent refinery catalysts using our proprietary pyrometallurgical process. Spent hydroprocessing catalysts represent an environmental problem for many refiners. Disposal in a landfill does not eliminate the long-term environmental hazards and legal responsibility associated with this material. Catalyst disposition through conversion to another material is a solution that offers important ecological and cost-saving benefits to the refiner's stakeholders, to the community-at-large and to our environment.
On May 2, AMG announced,
"AMG Advanced Metallurgical Group N.V. reported first quarter 2018 revenue of $308.4 million, a 20% increase from $258.0 million in the first quarter 2017. EBITDA for the first quarter 2018 was $44.5 million, a 35% increase from $33.0 million in the first quarter 2017. Net income attributable to shareholders increased 18% to $18.4 million in the first quarter 2018 from $15.6 million in the first quarter 2017."
You can view the latest investor presentation here.''
Blijkbaar was hij nog niet op de hoogte van de ontwikkelingen binnen de vanadium BU, dus ik heb hem er nog even op gewezen.
First of all, thank you for you articles. I strongly appreciate your analyses.
I noticed that lately you are paying increasing attention to Advanced Metallurgical Group(AMG). Even though this company has allready seen huge increase in stock price, I still see significant upside potential in the near future, as they are really on point with their growth strategies, especially in lithium and vanadium.
The company was/is operating somewhat under the radar, but is starting to get more attention. And some more attention is definitely justified!
Just to make sure that the developments of their vanadium business are top of mind, since I do not see any elaboration within this article, I would like to address the following highlights:
1. AMG informed us that they are going to expand the vanadium production capacity in Ohio by 30%.
2. AMG has announced that it entered into exclusive negotiations with Criterion Catalyst and Technologies, a subsidiary of Shell, to set up a new global solution for spent catalyst cradle-to-grave. Internally they are referring to this as: ''Ohio 2''. They are currently assesing the feasibility of several potential sites. Locations in the Middle East, Asia and North America are under consideration. According to the CEO of AMG, dr. Heinz Schimmelbusch, they will publish further information about this matter, ''very very soon''.
Furthermore, AMG stated: ''We now believe we can achieve our goals earlier than previously expected and can commit to turning the present EBITDA level into $200 million, or more, in the fiscal year ending December 31, 2020.
AMG and Heinz Schimmelbusch tend to be very conservative in their projections and their above mentioned projection is definately CONSERVATIVE. I even believe that there is a decent chance they will be able to achieve their 200 million dollar EBITDA by the end of this year.''
Kreeg hierop nog een reactie. Hij geeft verder aan dat hij deze informatie zal meenemen in zijn volgende artikel over vanadium.
''Snirp - Thank you. Yes AMG are really doing very well indeed so definitely on my radar. Appreciate the updated info. Cheers.''