Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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.
FAR could be paying 11.5p dividends in 5 years!
Good LONG term hold - 5 year plus and should be significantly higher.
Another option to look at is HZM....return not as big but a safe bet.
My Daughter has asked me about investing a small lump for my granddaughter for a 5 year period, I know I could look at funds for her but as a shareholder in Ferro I did wonder if it would be a high risk investment for her and if anyone had any ideas where they think the share price will be in 5 years start of 2028, million dollar question I know.
Correction - I made one mistake on the additional options to buy shares at higher prices for the final Balaus construction financing.
I correctly stated the first option to buy additional shares at 25p for a total of US$10 million.
But the second option to buy additional shares at 78p is for a total of up to US$20 million (not 10m).
There is no differentiation between phase 1 and phase 2 in the original agreement.
But I presume VB will exercise the first option of shares at 25p for phase 1 financing and the second option of shares at 78p only for phase 2 financing.
Quite interesting to see in this agreement that VB/Sir Mick considers a substantial s/p rise only in case the financing can be settled.
The $12.6 million invested before that point in exchange for shares at 9p is high risk venture capital for him.
Informative post HG
As for a possible issue of shares for 9p (or 12p)…
it’s a further investment of US$2.5 million for shares at 9 pence when the BFS has been completed - which is not before Q4, as we know since the RNS dated 20 Dec 2022.
Please refer to the original Subscription Agreement for up to US$12.6m with Vision Blue Resources and a limited number of “co-investors”, dated 15 March 2021:
Initial investment of up to $3.1 million
at the issue price of 9p per share.
Further investment rights of up to $9.5 million at the issue price of 9p per share based on the following terms:
- Up to $7.0 million „following the receipt of certain consents in Kazakhstan and Admission“,
- Up to 2.5 million “after completion of the FS“
https://ferro-alloy.com/en/news/181/
$3.1m initial investment plus $7.0m of the “further investment rights” have been made.
To make it clear: VB will invest the last $2.5m in exchange for shares at 9 pence a share only “after completion of the Bankable Feasibility Study”.
As far as I know there is no agreement nor MOU about 12p.
However, the subscription agreement includes a right to buy further shares to be issued at 25p and 78p - but only when the financing process will be launched, that is to say successfully, of course:
“Additional” future investment rights tied to “construction milestones” at the Balausa project of up to $30 million at higher share prices:
a) Right to purchase US$10 million of additional shares at a share price of 25 pence;
b) Right to purchase US$10 million of additional shares at a share price of 78 pence.
„These rights will only be triggered in the event that FAR launches a process to raise capital for the construction of the Balausa Project …“
https://ferro-alloy.com/en/news/181/
Just an assumption; I don't know what they have agreed to. I was surprised by the 9p, though, because I thought I had heard 12p so it makes me wonder about the rest...Vision Blue Resources strategic investment in Ferro-Alloy Resources ...
https://www.vision-blue.com/resource/VisionBlueResourcesstrategicinvestmentinFerro-AlloyResources.pdf
Anyone had any comms from the company?
Todd, is that an assumption or have seen/read anything?
Update?
No reason at all for the dip today - great update form HG - I go back a way with this share and see big potential - Sir Mick is high on the list!!
Probably from shareholder pressure. I guess the shares are held by esg funds which is why they are still up big, while tesla for example first tanked when the esg funds started to pull out.
https://corporate.mcdonalds.com/corpmcd/our-purpose-and-impact/performance-reports.html
Still, not as bad as kfc.... Their customers are the fattest and growth hormone and antibiotic pumped 60 day old chickens with probable msg type compounds are like curry to a p155 head for those people.
In fact its due to self sanctioning rather than any legal sanctions
Leaving due to the fact they can't source beef, it should be noted its not because of any type of sanctions or even reputional considerations.
https://www.reuters.com/business/retail-consumer/mcdonalds-set-exit-kazakhstan-russian-war-spillover-bloomberg-news-2023-01-04/
Mcfilth is leaving kaz! No selling the big-crack burgler to people who like idealised American food.