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Topic created : 4.11.2019, 17:47
ChrisTekk
Egypt retail leader Belgium Retail Leader Italy retail leader Shock-worker of Virtonomics Kindergarten's Leader Power Plants Leader Double corporate chevron Science: master
Agriculture: bachelor The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, II-III places The tender collider, II-III places
World Cuisines, VII-XV places World Cuisines, IV-Vi places World Cuisines, IV-Vi places World Cuisines, IV-Vi places World Cuisines, II-III places World Cuisines, II-III places Shagreen, VII-XV places Shagreen, VII-XV places
Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places
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Hi there,
 
I was following the auctions on the past weekend, and as well had some own interest in the subdivisions offered. So I came up with my own valuation of the business - in a roughcut discounted cashflow approach:
 #7779: Bauxite Quarry 1
 #7780: Bauxite Quarry 2
 #7781: Oil Well 1
 #7782: Oil Well 2
 
All respective Auctions closed on Nov3 - just filter and sort by date or Id (7779-7782).
 
After conclusion, I noted the sales price went up to factor 10x beyond my own valuation - which raised the question on how the other participants actually approached valuation.
 
I'd be very interested to know:
1) Why have you participated in bidding ? (purpose of buying)
2) How did you set your maximum value you are willing to offer ?
 

Sure, this is "business secret", and may trigger examination by the antitrust authorities. Yet an interesting learning on the state of Virtonomics game dynamics  Cheerfully
 
   

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4.11.2019, 18:38
ChrisTekk
Egypt retail leader Belgium Retail Leader Italy retail leader Shock-worker of Virtonomics Kindergarten's Leader Power Plants Leader Double corporate chevron Science: master
Agriculture: bachelor The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, II-III places The tender collider, II-III places
World Cuisines, VII-XV places World Cuisines, IV-Vi places World Cuisines, IV-Vi places World Cuisines, IV-Vi places World Cuisines, II-III places World Cuisines, II-III places Shagreen, VII-XV places Shagreen, VII-XV places
Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places
Shagreen, IV-VI, places Shagreen, II-III places Shagreen, II-III places Shagreen, the winner Platinum sponsor of the Contest for Tycoons Sponsor of the Contest for Tycoons Greece retail leader Brunei retail leader
Tenderman Winner of the Leaders Contest in the nomination Week of perfect Service Freezer Washer Restaurateur Mayor Mayor Mayor
Mayor Mayor Mayor Mayor Mayor Mayor Medicaster Top Technologist
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m:
EcoTech SE
 
I'll go first myself: I have some spare cash, looking for investment opportunities. Even though I do not have a shortage of respective resources for my own production activities - taking up more mining activities would help mining qualification growth. Still I would want to be able to exploit the auctioned reserves profitably, offering outputs on the market. That's why I judged not to offer at the successful auction bid prices. 
 

4.11.2019, 21:05
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Everything is simple.
If I can buy raw materials cheaper in the sweat market, I buy them in the wholesale market.
If I can buy raw materials cheap at auction, I buy them at auction. 
 

5.11.2019, 22:52
steven135
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steven135 LLC
 
Hi,
 
I've started in auction due to invest some money. I lost the auction hour because of the time difference in my country. 
SM
 

6.11.2019, 14:53
JustNash
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World Cuisines, IV-Vi places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places
Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, IV-VI, places
Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, II-III places Shagreen, II-III places Shagreen, II-III places Shagreen, II-III places
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I wonder how you can calculate the value of a bauxite mine in the current market?
 
There is no bauxite available on the market (at a normal price, that is).
There is - however - a stockpile of 445 days worth of consumption.
There is an overproduction of about 33%, so this stockpile is growing.
 
So, at some point, one might expect supply to appear again... At what price?? 
 

6.11.2019, 21:22

Last time edited : 6.11.2019, 21:23
ChrisTekk
Egypt retail leader Belgium Retail Leader Italy retail leader Shock-worker of Virtonomics Kindergarten's Leader Power Plants Leader Double corporate chevron Science: master
Agriculture: bachelor The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, IV-VI places The tender collider, II-III places The tender collider, II-III places
World Cuisines, VII-XV places World Cuisines, IV-Vi places World Cuisines, IV-Vi places World Cuisines, IV-Vi places World Cuisines, II-III places World Cuisines, II-III places Shagreen, VII-XV places Shagreen, VII-XV places
Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, VII-XV places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places Shagreen, IV-VI, places
Shagreen, IV-VI, places Shagreen, II-III places Shagreen, II-III places Shagreen, the winner Platinum sponsor of the Contest for Tycoons Sponsor of the Contest for Tycoons Greece retail leader Brunei retail leader
Tenderman Winner of the Leaders Contest in the nomination Week of perfect Service Freezer Washer Restaurateur Mayor Mayor Mayor
Mayor Mayor Mayor Mayor Mayor Mayor Medicaster Top Technologist
Retail Elite Fitness Tycoon Five years with Virtonomics Latvia retail leader Winner of the Leaders Contest in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Finland retail leader Governor Spain retail leader United Arab Emirates retail leader Saudi Arabia retail leader Mali retail leader France retail leader World's retail leader
Leader in technologies
m:
EcoTech SE
 
@JustNash - I like your analysis! And would agree, based on the facts, the market is far from "efficient": Piles of supply, yet no market availability (if not at a >4000x margin).
 
If investing to sell on the market: better dig up the Bauxite quickly and sell today ! Would prices tumble? ...who knows.
If you need Bauxite to supply your own factory: I would not rely on the market for the same reason. 
 

8.11.2019, 11:20
mdmoyer
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Moyer Industries
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WindSail Enterprises
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Moyer Industries
 
Yeah Bauxite in particular continues to be pretty much the highest cost ore on both Mary and Lien. Even after the introduction of Polymetalic ore a few years back it continues to out value the rest of the group.
 
So that said Bauxite tends to auction pretty high as well. 
 

9.11.2019, 05:49
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Prices will not fall. We need to look not only at production and stocks. 
 

List of forums -> Main forum of the online business game "Virtonomics"-> Auctions and valuation

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