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There needs to be some accountability as they keep missing targets and deadlines
Same here Bem - way down, still believe the project has great potential and wish I was buying in at these prices!!
Looks to me that the liquidity hasn't arrived yet for anyone wishing to exit. Which means I am in no rush to add. Thought I caught the bottom before but things seem to get worse. Maybe waiting for some accounts would be a better strategy. To see the write downs & whether the cash covers expenses?
Bottom is lower than this for sure....
Makes you wonder if VB will renegotiate terms now due to weakness of sp
In uncharted territory now, no one knows where the bottom is
My buy target, lets see if it will get there
Very little Xmas cheer. It’ll be alright.
Castaway, good post
Cheers
Header, the shares issued were to cover Blue Visions convertible loan, so the company received no cash, they just issued shs to cover the loan debt.. I attended the AGM where some LTH gave the BoD a good grilling re. the S/P, but what can the BoD say? it's all ongoing and takes time. The delays are mainly due to getting the ore samples processed by SRK consulting, they are very busy and it is industry standard for them to do it so there is no way round this (the banks which are to fund the project would insist on this in any case). So FAR are doing their best!.
I think we may get an update on metallurgy, but the real game changer is the BFS and whilst I hope this comes out as advised April 2024, I would not be surprised if it's delayed again!
On a positive note I quizzed Nick about possible future placings and he was confident the pilot plant would provide funding for the day to day running of the business until finance for the plant construction was required.
I feel FAR has a fantastic future, the metrics of the mine are off the scale, however there is a bit of time to go before lift off and that is currently reflected in the S/P.
Well thankfully those shares got converted at 9p recently so hopefully there is no need for a raise assuming the concentrates are 'sorted' and the q3 update wasn't cleverly worded like the 2.3£M CLN conversion.
Some more comms from the board would be nice. Keep us updated and informed. I am also down fairly big, have though about averaging down but without any updates or information it's tough to justify
Drifted down to 8p and a 5 year low! I’m massively in the red on this one. Still believe in the long term but wish I was buying down here and not in the high 20s. Long way back
It's just the impact of the conversion of the CLNs, RNS from a couple of days ago
So VB have increased their shareholding by 5.74%. Any ideas if this was an on-market purchase (if so why no effect on sp?), exercise of options (TR1 did not state this), or an acquisition of a stake from someone who has yet to submit their own TR1?
I'll top up at 8p...
Crikey =:
‘Mr Turian has a beneficial interest of 500,000 ordinary shares representing 0.1% of the issued share capital of the Company.’
I think I maybe over exposed here as I’m not far behind Mr Turian….
Hopefully 2024 will be the year this turns a corner
Was the convertible notes from vision blue, not the investment rights.... Was mentioned in q1 presentation that the company was expecting them exercised in q4. Good to get the extra cash really.
Trying to say positive, didnt VB have options to buy at 80p? Seems a long way off that!!
Good post Headder - there are lots of positives here and very much under the radar - holders have just kept quiet and held. I am looking at big potential over any risk.
Don't forget about the whopper share purchase by the Bridgen. Don't forget, currently half the value of the shares here already, from broker forecast, are in the project so as for something which he didn't have to do, 3 years salary purchase shows, unlike most aim CEO's, he really does believe in the value of the project.
And if Mick sells then we’re all royally buggered.
Not much to say, it's the most active boards usually with the worst performance!
So, concentrate supply; sorted. Fesability; 9 Months or so. Profitability?; Broker has negative earnings for 2024 but that is probably due to fesability cost, should be making a few M$, at least it's not going broke like BMN.
Future demand prospects? Maybe an increase in demand for vanadium to offset co2 emissions from steel regulations pressured by the West and a low likelyhood of vrfb adoption.
No one can be assed to
Comment here
Still happy to wait this one out - I keep reminding myself that Sir Mick wouldn't be involved if there wasn't a high chance of big success