Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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4 Securities in Issue & Significant Shareholders
On 23 September 2022 the number of fully paid shares in issue was 449,702,150. The percentage of the Company’s shares held in public hands, excluding those held by directors and by shareholders with more than 5%, is 55.7%.
On 23 September 2022 the company was aware of the following significant interests:
Name
Number of ordinary shares
Percentage of voting rights
Andrey Kuznetsov
68,517,333
15.2
Nicholas Bridgen
53,072,133
11.8
Vision Blue Resources
77,551,695
17.3
So I assume it is from someone not notifiable %
@driver; if you read the RNs it say the transaction was off book. That means NB bought his shares from an existing holder I think. Will have to wait for an updated share register on Morningstar to see who.
Lots of buys today. CEO call on the 10th of May (investor Presentation). Peeps loading up before the call. GLA
Worked trade I would have thought over days even weeks.
One peep bought 17400 and now sold for a loss. The mind boggles. Good luck to him
Any idea who he bought them off? It says an off market purchase, so presumably someone else wanted out for whatever reason?
Year High 5 May 2022 last year at 24.50. When peeps research this will fly. Dyor
Not many shares where the director has bought big. Follow the money. No director would buy 6.4Million shares out of their own pocket.
I got too much excited 18 months ago and went big at 28p so lesson learnt (about accumulating) but I’m holing with a 5 year and 10 year outlook!
Thanks Bob, that is great news and I will be tuning in!! Long term holder - so much potential here I remain mighty positive!!
https://www.proactiveinvestors.co.uk/companies/news/1013890/ferro-alloy-chief-executive-buys-hefty-chunk-of-shares-1013890.html
https://www.proactiveinvestors.co.uk/companies/news/1013970/ferro-alloy-resources-confirms-resource-upgrade-in-kazakhstan-1013970.html
3 May 2023
Ferro-Alloy Resources Limited
("Ferro-Alloy" or "the Company")
Investor Presentation via Investor Meet Company
Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is pleased to announce that Nicholas Bridgen, CEO, will provide a live investor presentation via Investor Meet Company on 10 May 2023 at 11.00 a.m. BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9 a.m. the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Ferro-Alloy via:
https://www.investormeetcompany.com/ferro-alloy-resources-limited/register-investor
Investors who already follow Ferro-Alloy on the Investor Meet Company platform will automatically be invited.
Sorry to interject with reference to another company, but I was interested to read the updated JORC from FAR and try to see how they may compare to other junior mining companies.
FAR just announced reserves of
203,364 contained tonnes of vanadium pentoxide ("V2O5")
@ selling price for 98% V2O5 flake of USD9.82 /lb
Equates to $4,401,463,993.92
There is also 8.69% carbon. I have heard carbon black mentioned before, is this graphite? What is the flake size and sales value of this? There is just under 3m tonnes of carbon, and 97%+ purity graphite sells from between $500-2500 a tonne depending on flake size so base case add on another $1.5b. S9 potentially $6b of metals (Vanadium and carbon) in the ground?
Then I know that there are other valuable byproducts too but would need to check back reports to find their values.
Here is a maiden Vanadium resource from Tirupati "TGR", it came in at 85k tonne V205 resource so about 40% of Ferro Alloys upgraded reserves, but vanadium is an afterthought for TGR. Their main operation is the 14m tonnes of graphite with nearly half comprising of the more valuable large flake graphite. Added together I get back of the *** packet values of $2b vanadium and $14b graphite so total $16b. They are already producing and market cap is only £30m
https://www.batteryminerals.com/wp-content/uploads/2021/08/Substantial-Maiden-Vanadium-Resource-at-Montepuez.pdf
I have no idea if you are correct claws.
The link posted by Troajan suggests £2bill NPV and a 80% profit margin.
MCAP = £48mill
What is clear is the resource value and profit dwarfs the MCAP.
203,364 contained tonnes of vanadium pentoxide ("V2O5")
@ selling price for 98% V2O5 flake of USD9.82 /lb
Metric tonne 2204 pounds
So (203,364 x 2204) x $9.82
Equates to
$4,401,463,993.92
Or have I got my knickers in a twist as per usual
Year High 5May last year at 24.50. When peeps research this will fly. Dyor
Website Updated
02-May-23 02-May-23 Buy Nicholas Bridgen 10.15 GBX 6,400,000 56,138,800
If more buys keep coming from the director than maybe a RTO incoming??
I’d agree, Matt. It looks like it is correct.
Normally you see buys of £10k to £20k from directors. That’s not really worth too much consideration IMO.
£40k to £60k … umm ok I start to take notice.
Over £500,000 - wow that is real ‘skin in the game’.
I’ve watched FAR for a long time, mainly due to Sir Mick’s interest, I’m going to have to start digging a bit further I think.
FAR website says NBs shareholding at 22nd September 2022 was 53,072,133, so the math works out. Would doubt they would get the amount purchased and the final shareholding both incorrect. That’s transaction is a huge vote of confidence.
6,400,000 shares x £0.101 = £646,400 (I think)
and not £65,000…
it’s flipping massive if it’s correct
My mistake, that's a very big purchase....
6.4M shares @ 10.1p is around 65£k. Isn't Nick's salary 200k$? It's a big purchase.
May 2023
Ferro-Alloy Resources Limited
("Ferro-Alloy" or the "Group" or the "Company")
Full Updated Ore-Body 1 Mineral Resource Estimate
Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is pleased to announce the full results of the updated mineral resource estimate ("MRE") from SRK Consulting Ltd ("SRK") prepared in accordance with the terms and guidelines of the Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves ("JORC" or the "JORC Code") for Ore-Body 1 ("OB1") at the Balasausqandiq deposit.
MRE Highlights Include:
· An Indicated Mineral Resource of 32.9 million tonnes for OB1, at a mean grade of 0.62% V2O5, reported at a marginal cut-off grade of 0.4% V2O5 - equating to 203,364 contained tonnes of vanadium pentoxide ("V2O5")
· An increase of 8.6 million tonnes (35.4%) of mineral resource and an increase of 38,058 tonnes (23%) of contained V2O5 by comparison with the estimate contained in the Company's 2018 Competent Persons Report
· The results of the previously reported infill drilling and trenching programmes completed during 2021/22 have been successful in converting 100% of the Resources to Indicated for the OB1 deposit. No Measured or Inferred Resource are stated
· A total of 75 diamond core holes and 88 trenches were used to define the Resource (a reduction of drill section spacing to 250 metres from the original 500 metres increased confidence)
· Confirmation that there are reasonable prospects for eventual economic extraction by constraining the Mineral Resources to an optimised open pit shell (50 degree slopes and a revenue factor of 1) using a selling price for 98% V2O5 flake of USD9.82 /lb
Commenting on the MRE, Nick Bridgen, CEO of Ferro-Alloy Resources said:
"We are delighted with the results of this MRE for OB1 which has not only upgraded the classification of all the resources to the Indicated category, but increased the contained V2O5 at OB1 by 23%. Exploration of OB2, 3 and 4 has been completed and the mineral resource estimate for those ore-bodies is expected later this year.
We look forward to publishing the results of the feasibility study for Stage 1 of the Balasausqandiq project, expected to be completed in the final quarter of 2023, with the feasibility study for Stage 2 to follow in 2024."