Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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
Header - It was a little odd, in that kuznetsov said firstly to one question about concentrate supply that they were resolving the issue and then 2 mins later he said the concentrate supply issue has been resolved!
I guess this is a real Waiting For Godot investment 💀 But I'm happy to throw my pocket money in untill the metallurgy tests are in and see where it goes. I thought the rambling introduction was pretty good as well, watching the other two shuffling in their seats.
Anyone find the investormeet amusing yesterday. My favourite part was Kuznetsov when he said the concentrates issue was sorted. Time will tell but 40-45% margin before g&a etc. doesn't seem too bad currently if indeed the supplies are in. When Bridgen said about the metallurgy testing taking another month if it isn't completed by Christmas was also amusing. Fingers crossed for a good 2024 then!
Bemmocolli1, prehaps the price will get better. Then again people understand that this company has potential. Given supply train issues to & from the plant I suppect this SP will not do alot for a while. I'll keep a look in to buy at below 9p but this could go lower. Not much of a boost today from RNS.
Well, no mention of conversion of loan notes or warrants to add to the balance sheet.
In the March? presentation it was stated that vision blue are going to convert their remaining 9p warrants late this year. Yes, things are bad and likely to remain so for the time being but hopefully another investor comes along down the road once the fesability is done.
I think they are determined to avoid a cash raise at these prices.
Nick Bridgen bought 6.4 million shares at 10.15p in May clearly showing he believed that FAR will now become profitable.
And after the supply issues and the lower than expected vanadium price (now at $7/lb, while they calculated with $9), FAR started the bond sales programme for up to $3 million to get the funds to finish the FS.
Clearly no cash raise intended until the FS is out.
I also guess they indeed have enough operational cash to make it until the FS is out. They ended 2022 with $4.33 million and that should be enough even if the plant cannot become cashflow positive as expected in Q2/3 because of recent supply issues and lower sales prices.
We should be receiving the half year results next Friday. Based on the supply issues there will be another financial loss. Coupled with the BFS running into next year there will be another fund raise soon. Will decide on the next rns whether to sell up or continue to hold. Tricky as one needs to decipher NBs comments, as much of what he says can’t be taken at face value.
Hope so as it been all potential and no performance to date! Over 60% down but bought in knowing it was the very long term just timed my entry very badly. Wish I was buying in at these prices
We wait till the beginning of 2024. Nick Bridgen said the study will be due then. Let’s hope the supply issues improve too. Next year will be pivotal !
Some big buys going through - not mine unfortunately!!
I have been watching this one for years. Not so long ago it was in the 40p's but there's nothing good in this RNS. They still need the feasibility study, I expect more dilution and a further fall.
Huge potential - hang in there!
Needs to be replaced!