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It’s not speculation it’s BS.
Brokers don’t mark trades the exchange does, when brokers report trades they don’t even say if it’s a buy or sell.
That’s because every trade is both.
The exchange classifies it based on whether the price is above (buy) or below (sell) the mid at the time.
Don’t worry about buy/sell. It’s irrelevant. Only the trade price matters.
I think the computer decides on price. If the 'spread' is narrow and the price is fluctuating then your 'buy' may get marked as 'sell' & vica versa. Some might think that marketmakers could mark up buys as sells etc to encourage trade but that's just speculation.
The last RNS clearly stated the company is now profitable
Do you understand how the exchange marks a trade as buy or sell?
Van2000 is short here? Didn't know you could short a company this small. About the share capital, is that the 2.6M or so vision blue has left to acquire? Think I remember the plan was for them to excercise the rest of the 9p warrants when there wasn't a need to do a new prospectus....
I do also believe the company is profitable and able to fund the studies without a cash injection but live in hope that it speeds things along a bit. If we're lucky it will although the company doesn't seem in a rush for it.
NB has history of talking up opportunities (not just with FAR) for example rare earth materials was expected to hugely contribute to the company’s revenue but has been knocked on the head. I have detailed some current pros and cons of the stock: Pros – 1) Vanadium resource is there and it is very likely this will be confirmed in the drilling results next year. 2) Infrastructure is there (requiring low capital expenditure for a mining project). 3) Skilled workforce are in place. 4) Operating costs are extremely low, based on the type of resource being mined (by products will help this cost reduction further – I see the by-product as a potential risk now as the expectation was there was significant viable by-products). Cons – 1) The company is currently loss making and will require an injection of capital (I estimate share dilution will take place in the next 4 months). 2) Carbon Black substitute will require collaboration with numerous potential customers which need to trial the product which isn’t proven (this is a big uncertainty but obviously if successful will be hugely beneficial to FAR). 3) Directors still holding large volumes of stock (Christopher Thomas purchased circa £160k on 15th March 2021 at an average price of 14p)
For transparency I sold my position a few months ago and now have a large short position which has been open at 16.5p. I will look to reverse my trade when the share dilution takes place (my estimate is around October/November). With the hope that the new injection of funding will help push the company to be more efficient in their operations and produce positive free cash flow by mid 2023. If FAR manages to produce free cash flow of anything over $7million then funding for the larger plant will proceed on favourable terms to shareholders. I believe that if Sir Mick Davies goes ahead with the phase 2 mine then NB and A Kuznetsov will be replaced in 2024.
I haven’t mentioned any macro events that are a potential risk, such as recession, political risk and Vanadium price etc. But with the extra funding being used wisely, FAR should be able to weather any recessionary downturn, with the expectation that we will be out of recession in 2023.
Yeah agree, believe they have a formal study completed to Kazakh level so they know whats there but the study that is pending is to be signed off to confirm that the material meets European requirements to be formally acknowledged.
From what I have seen I thought NB is fairly sure, perhaps more than fairly sure, the material is present in the ground. The feasibility study gives a Jorc standard which means what they think is there is actually there. Please correct me if I'm wrong.
This is only what I think. I have no knowledge about exploration stuff.
Regards RRJ
DYOR
Imo its an exciting 12 months ahead:
- Nickel processing to come online late Q3 / early Q4 22 and FAR have stockpiled Nickel in preparation
- Further drilling results
- Commercial negotiations for sale of the black carbon used in high quality tyres
- Most notable is the results of the feasibility study expected middle of 23 which was delayed because scope was expanded so much
Company not yet operational in core purpose yet claim to be profitable already as a result of the side products like carbon.
In my view, feasibility study is what will either kill this share or take it much higher. Signals are positive but no guarantees at all.
As ever, DYOR! I'm interested in other's views on it & happy to be corrected if i've misstated any of the above!
Bought some shares and shows as sell, appears many buys in last few days are shown as sells ???
Whats the outlook FAR for 2022 2023?
Good update the other day but still no immediate support for the sp, reflection of the wider mkt or Russia situation I wonder… nevertheless long hold for me
Fantastic update, just wish the war would wrap itself up now and we can get on with making some $$$$$$
Extremely confident here. Lots of pros! Only con I can think of is the Putin effect!
If it helps, Exxon and chevron are big operators of Kazakhstans oil fields, which ship oil to the UK among others and they seem to be doing ok. Warren buffet has recently bought a big stake in Exxon so I'm assuming Kazakhstan passed Berkshire hathaways due diligence for political risk, even if it's only 10% of Exxon, you'd think he would wait if he thought it would be a problem or would have invested elsewhere.
This is now a contrarian buying opportunity. The fear of a Russian agression towards Kazakhstan, just its proximity to and connections with Russia scare investors away.
I expect the s/p to touch even the 10p in the next few weeks. That's when I plan to buy 10k more, not much but that's all I can afford.
The fundamentals of the company haven't changed. And in my opinion the war could well come to a stallmate when/if Russia will have reached its goals in Donbas and Ukraine will be strong enough to stop further advances but not to push them out. Finally nervousness about Kazakhstan will lessen, and people will see again the business opportunity.
And that’s exactly what I’m getting at. It is political risk that we are being effected by and that risk will eventually subside. The company fundamentals are still there.
I don't think it is what the company has done I think it is what the World has done that has changed peoples ideas on that part of the world, I will just be sitting tight and hoping for better days when ever that may be.
To elaborate a bit more, I’ve used my allowance on my isa so might just look somewhere else as this just keeps diving down, todays RNS could of included some extra info to promote confidence for the pi but sadly it didn’t.
Jammy, what has the company done to make you want to sell your holding at a 65% loss? My question is specific, what has the company done?
I feel sure if it was not for the war we would still be in the 20s minimum, its the location affecting the price so badly look at all the shares sold internally at 30p not long ago nothing has changed about the company its the world that has changed.
Jammey, FAR has a 1 in 20 chance of being a billion $ market cap company, invest what you are prepared to lose
De ramping or not this is all true, probably like many others I am 65% down and unfortunately I’m thinking of bailing out and putting my money else where.
Thank you and on that point I have no disagreement.