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The potential here is huge. Unfortunately the cloud of Russia's Invasion has tempered the SP somewhat, once the resolution of the war is reached and Putin put back in his box I would expect this to move back to 16/17 at least. Then onwards.
Accumulation time now.
Dyor
Anyone got any news here - can't seem to find much at all.
Still holding longer term - potential remains high imo
Came across it on a YouTube channel called portfolio matters........
https://amg-v.com/amg-vanadium-overview/
Above is a link to a US company seemingly proud of their catalyst refining business in America..... I wonder if FAR will ever do an investor video on their site to attract institutional investment.
Yeah, decent update with hopefully sone good news in next 2 months before FS in Q4. He is not very exciting to listen to but at least seems calm and assured
The pilot plant was under costed at the ipo and the 9p convertible shares from vision blue were supposed to get it to profitability. Probably, all would have been good if not for supply disruptions etc. caused by the war since I have been invested and around 15M$ or whatever it was spent to get the operation to this stage is no bad investment to get at least 4M$ fcf 2023, I just don't like the extra dilution on top of the extra dilution to do the feasability study quicker and it makes me wonder whether getting the 7.5M$(?) to do it through shares, rather than get the plant running and fund it is really worth while (unless you are vision blue)......
Wish I had waited to top up now, that's another £300 in the hole.....
Sp28
Eating humble pie I hope .What did I tell you about NB,
Has made no difference having VB on board . Why they have not sacked him is beyond me .
Wasted so much money on a pilot plant which he says is insignificant
Plenty of miners carry of feasibility studies through to production without a pilot plant .
WTF will the main plant cost , cannot get a small pilot one to work efficiently
Could be more dilution to come before feasibility has completed .
Interviews getting shorter and saying the same things..... No forward projection of cashflows from pilot plant, no update on carbon black, keeps saying the current operation is unsignificant, they have diluted 20M$ (granted, some is for studies) plus spent IPO cash to get it to be profitable, is the guy a ******?
I will concede the supply disruptions were out of his control but why spend anything on a feasability study when (as he says the plant will cause no further dilution) your priority was to be self funding? He's not been very prudent that's for sure, didn't he start out as a 20% shareholder? Might as well have had a Habsburg in charge.
Decent interview albeit he presents with the charisma of a used tea bag! Still very confident for the 1,3,5 and 10 year outlook…. I’m acculturating while we are below 30p
Then I’ll hold long and strong
***************************/ferro-alloy-resources-updates,-upgrades-and-future-proofing-video/4121104807
https://www.***************************/ferro-alloy-resources-updates,-upgrades-and-future-proofing-video/4121104807
@ VAN2000; From reading your previous posts you seem like a smart fellow so i'd like to ask you a question. Why do you think libernum, the house broker has 4M$ earnings for FAR's current operation going forward when Bridgen stated last year he was expecting 10m$ operating profit (implying double)?
Accounting in the RNS's is always a bit vague so I can't tell but my gut instinct is that if the companies own broker, who presumably they pay to release notes say that's what the earnings are going to be, it's suspicious.
Didn’t NB state in an RNS last year, “the business is now operating profitably”.
I wouldn’t take his statements as gospel…
Note: "Nick Bridgen, CEO, commented: The completion of these plans means that we are now recovering far more value from each tonne of concentrate treated, greatly increasing operating margins. Together with the new procurement contract, which should greatly increase the tonnes throughput, the impact on 2023 should be substantial."
Like the word "Substantial"
VRFB's are expensive vanity projects pollack. I'm in and was only ever here (in the quest of all the new vanadium projects to undercut their competitors) because I believe the company can undercut the competition and will therefore have ultimate pricing power. Also believe the carbon black produced will be another added bonus as recycled plastics have found their way into car tyres already so why not what FAR are producing, since it has shown to meet regulatory standards?.......
Also very happy with the Presidents clear commitment and direction - I expect positive news here
I am happy with the update - had a small top too but am in more than I intended. I rely on Sir Mick's involvement to remind me of the real potential here.
Small top up
If theres a raise I’ll rip up a bit more
Balls deep in far :-/
We don't know for sure about a raise, but it is a definite risk. Until the accounts come in and we can see where the monies are being spent and what the supply situation is can only guess. Might be that this is why the feasibility was delayed, the company has proven to be far from forthcoming about these things.
Another raise coming....
Won't be topping up
$6M cash burn since September is a bit worrying since will have to wait for audited accounts to see where it went.
Please ignore wrong company
Ratty - I see that your post and several others have been censored.
This is far from new as hundreds of posts have been censored although the censored posts have been proven to be the most accurate and fairest analysis of DVRG. The level of censorship is shocking given the incompetence and dishonesty exhibited by the BoD.
All i see is a constant bumping n the ground.Remember selling out at about 23 pence.Why?..
Im ready to re invest.
Really would love Evraz to buy.