Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This is getting silly now ?
Headder. The only change I have noted since last year amongst major holders is NB reducing to 49.7m from 53m
Thanks for the link headder just reminds us why we are all here when things are very quite thanks again.
I'm sure everybody reads it but here's the link;
https://seekingalpha.com/article/4582795-vanadium-miners-news-february-2023
Notes FAR's grant funding for vrfb's this month. If anyone knows glencore's cash cost as well as AMG's that would be greatly appreciated.
Feb 28th 16:30 2.5M share dump @ 9.75. Anyone know how to see an up to date share register? Simply wall street's is from last year....
posted today from the 28th Feb...
£250k worth = 2,564,103
Remember the market cap in 2021 when it was 10p? If Bridgen is to be believed, currently we are around fair value for the current plant with nothing to add for balusa. Can only go one way from here, if we are trading 10p after financing (when should be 1/3 dcf npv) phase1 I will be shaking my fist!
What would you sell for today at this bombed out price? Silver/gold stocks? Chinese adrs?? cocaine dealing hookers??? Seems someone has a bunch to offload......
Something I've also learned, can always re-invest after taking profits
Today we are at the March 12 2021 price of 10p before it exploded to 50p. Who would of thought we'd be here now. Just shows to always take a profit on AIM.
Sub 10p top up anyone? Nearly there....
Drilling campaign should be the next news @ end of march, hopefully with plant throughput update bolted on.
Hoping it's the start of a positive news cycle here to get above the 25p for vision blu to invest the 30M odd $ we need with a further expected placing ontop to go with phase 1 finance.
Also need to see how profitable the recycling line is as that will have a big impact on bond financing from a bank.
The potential here is huge. Unfortunately the cloud of Russia's Invasion has tempered the SP somewhat, once the resolution of the war is reached and Putin put back in his box I would expect this to move back to 16/17 at least. Then onwards.
Accumulation time now.
Dyor
Anyone got any news here - can't seem to find much at all.
Still holding longer term - potential remains high imo
Came across it on a YouTube channel called portfolio matters........
https://amg-v.com/amg-vanadium-overview/
Above is a link to a US company seemingly proud of their catalyst refining business in America..... I wonder if FAR will ever do an investor video on their site to attract institutional investment.
Yeah, decent update with hopefully sone good news in next 2 months before FS in Q4. He is not very exciting to listen to but at least seems calm and assured
The pilot plant was under costed at the ipo and the 9p convertible shares from vision blue were supposed to get it to profitability. Probably, all would have been good if not for supply disruptions etc. caused by the war since I have been invested and around 15M$ or whatever it was spent to get the operation to this stage is no bad investment to get at least 4M$ fcf 2023, I just don't like the extra dilution on top of the extra dilution to do the feasability study quicker and it makes me wonder whether getting the 7.5M$(?) to do it through shares, rather than get the plant running and fund it is really worth while (unless you are vision blue)......
Wish I had waited to top up now, that's another £300 in the hole.....
Sp28
Eating humble pie I hope .What did I tell you about NB,
Has made no difference having VB on board . Why they have not sacked him is beyond me .
Wasted so much money on a pilot plant which he says is insignificant
Plenty of miners carry of feasibility studies through to production without a pilot plant .
WTF will the main plant cost , cannot get a small pilot one to work efficiently
Could be more dilution to come before feasibility has completed .
Interviews getting shorter and saying the same things..... No forward projection of cashflows from pilot plant, no update on carbon black, keeps saying the current operation is unsignificant, they have diluted 20M$ (granted, some is for studies) plus spent IPO cash to get it to be profitable, is the guy a ******?
I will concede the supply disruptions were out of his control but why spend anything on a feasability study when (as he says the plant will cause no further dilution) your priority was to be self funding? He's not been very prudent that's for sure, didn't he start out as a 20% shareholder? Might as well have had a Habsburg in charge.
Decent interview albeit he presents with the charisma of a used tea bag! Still very confident for the 1,3,5 and 10 year outlook…. I’m acculturating while we are below 30p
Then I’ll hold long and strong
***************************/ferro-alloy-resources-updates,-upgrades-and-future-proofing-video/4121104807
https://www.***************************/ferro-alloy-resources-updates,-upgrades-and-future-proofing-video/4121104807
@ VAN2000; From reading your previous posts you seem like a smart fellow so i'd like to ask you a question. Why do you think libernum, the house broker has 4M$ earnings for FAR's current operation going forward when Bridgen stated last year he was expecting 10m$ operating profit (implying double)?
Accounting in the RNS's is always a bit vague so I can't tell but my gut instinct is that if the companies own broker, who presumably they pay to release notes say that's what the earnings are going to be, it's suspicious.
Didn’t NB state in an RNS last year, “the business is now operating profitably”.
I wouldn’t take his statements as gospel…