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Strategy is long garment here for me
Sitting happy - I have no concerns about 40p+ and then into far bigger share price territory.
Thanks, I probably bought your shares, aswell as a lot more.
I have a big Holding with Invinity, their market is growing rapidly and the batteries are becoming enormous, Vanadium is going to be needed in huge Volumes.
FAR will provide the cheapest Vanadium on the Market.
Decided to take my 7% profit here and run to the door. I might come back after the placing which I think they will definitely need soon.
Good luck guys !
Wouldn't think the Bridgen would have bought in a big chunk a few Months back if he foresaw a placing although the 10M$ operating profit is likely out of reach given the consolidation in vanadium prices & inflation of supplies etc. (broker says 5M$). Steppe Cement reported today and no mention of rail freight back logs so hopefully FAR are getting all the supplies needed too. Disappointing not to get a Monthly update yet so expect something is a miss, if they need money it's to finish the feasability study i'll bet! Still bag holding here but getting tired of the delusions of grandure from the board, missed targets and lack of profitability.
They raised USD10m last September, stated that they had USD 4m+ at bank at end 2022 and have since announced grant awards, plus have stated that operations are going much much better in 2023 than in 2022, so hopefully now cashflow positive, so a raise seems rather unlilely to me, but of course anything is possible!
I wonder if FAR is now profitable. Looking at ADVFN, post suggesting possible fund raise. Would be very disappointing if this was the case. Can’t be long now until a RNS release.
Largo, the worlds largest vanadium producer in Brazil has a similar grade (1.6), makes ferro vanadium, and made a 20% operating margin ( before tax & G&A) on it's production in q1 2023. They produce from magnetite, roast the ore at high temperatures and currently look about break even. I'd expect the process of 'looking into va205 production' to be an ongoing matter!
Can anyone point me in the direction of the likely costs and selling price to upgrade 1.3% V2O5 concentrate using
"standard roast and leach process to recover the vanadium content as a V2O5 product" ?
https://www.investi.com.au/api/announcements/bat/01af10bf-d83.pdf
Interested to know as #TGR are exploring the economics of a vanadium process from their graphite tailings. Thanks
Was just thinking the same thing... How long will it take the Bridgen to update June's production and cashflow details? Should be pretty quick if it's all good news, I am expecting it to be vague and then I remember how everything here is always late and never quite as forecast.
Via the RNS-s there's a tab top of the page, and via the usual periodic reporting. There's a recent webcast if you haven't seen it yet. https://youtu.be/Ku7HOJ7xps8 that mentions possible monthly updates.
How & when do they report to the public how profitable the refining operation is.
Risq - The expectation was finance would be partly funded through cash flows generated from the pilot plant. This was stated numerous times in various RNS’s last year and prior to 2022.
However they are now not expecting any significant cash flow from this plant in time for the financing that will hopefully be signed off in Q1 next year. The CFO states in the investor meet meeting that finance for the phase 2 build will be funded through debt (banking finance) and equity dilution. A change to the expectation that cash flow from the pilot plant will be used.
The build cost was said to be low as infrastructure was already there and the fact that its low intensity production. It was at around 100 million so the current cash low projected at $10 million is a decent starting point for debt finance. They will have off take agreements of other materials with govenrment as mentioned in webinar. Also vision blue have tiered options so i think it is quite good in temr of overalll economics. Yes the current operations have been dragged and been poor but it was said that everything is in place now and production report will be given quarterly.
I think the invesmnet case here at 10p carries a lot of upside.
I expect vision blue will fund a portion of developments at 9p but think that the company will find it hard to bond/finance any substantial amount on a likely 5M$ annual cashflow. Mick Davies doesn't run the company, Bridgen does and have lost confidence in the man and the others from their overstatements and poor performance....
No point in selling out here, I think, but will review once the feasability study is out and guage things from there.
Still remaining confident here - the potential hasn't changed - I am a Sir Mick fan and I cant see him involved in a small win operation
Remains to be seen, we don't even know if the supply situation has changed yet. Also, we don't even know how the management are going to be funding phase 1, how much it's going to cost and what processing equipment is being constructed and just how delayed everything is going to be. We're below 10p because management is lacking credibility after overstating profitability and missing targets. Becoming apparent yet?
Below 10p and LTH, you're on to a winner here.
Frustrating but Far will be in an upward trajectory soon when the quarterly sales update start coming in leading to feasibility update. From there on we have vision Blue to make investment class at varying prices all of which, hopefully, gives a base to the price.
Good luck all.
Headder, maybe aye, maybe naw.
Given up trying to call the bottom. Experience tells me i should be happy to buy as close as possible.
I've done that and more than happy with my buy.
Just the usual lower highs & lows; Wouldn't get excited or anything, looks like we're going to be in the 8's before rebounding.
Back in buy zone so took a new position just before close. Looks like a good entry point to me. Below recent CEO buy. Lots of upside potential from here. So very happy to add at this price.
Can only guess the line in Kazakhstan was probably going a long way through a telephone cable. Presentations from investor meet usually find their way onto YouTube after about a week. The 'do you pay russians in bitcoin' question made me laugh.
Would you happen to know if there is a recording to be made available? Was that mentioned? Thanks
Very informative investor presentation, but with all the modern technology why wasn’t the question and answers held on a clear line.
Shameful