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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!
And shut the door on the way out hazbeen
Rampers were told a few years ago
Https://techxplore.com/news/2023-08-role-energy-density-grid-scale-batteries.html
Https://cleantechnica.com/2023/08/04/the-flow-battery-code-is-starting-to-crack-red-state-edition/
Interesting link, thanks. Would have to solve concretes natural cracking as it dries? Could use engineering concrete but has small particles of steel in it. I guess if it was easy then they would have made a full size capacitor already and not 1cm2 ones. Gives us something to research into.
Carbon Black for energy storage:
https://uk.finance.yahoo.com/news/futuristic-concrete-could-transform-roads-190030994.html
Why would they do a fundraise in q4 when the warrants are going to be converted in q4? Also there is a share right for vb to purchase after fesability. This is all @ 9p mind but is 6M$ coming in. My thoughts are of a fund raise next year after negotiations have been reached for the carbon black offtake. Would be supprised if the plant isn't profitable now, as long as pre purchased concentrates keep coming in & vanadium price stays stable, should generate a 40% margin I believe (that's from the May presentation).
Definite fund raise coming, my thought is in October.
They made a significant loss in 2022 on $6m turnover ($4m loss) with the expectation for an operational profit of 20%.
Unfortunately the pilot plant will never profitable, regardless of logistic costs having come down. Expect a significant discounted fund raise in the coming months.
I recall they talked about using it as an additive to making the tyre walls with, in place of if Carbon Black which is environmentally poor because of the burning process etc 🤞
I hope you're right! After some research, it seems to me the said grade of carbon can be substituted in tyres, as is already from recycled black plastics and tyres but the price isn't very high. I think 12% of a tyre can be made of recycled plastic rubbish, certainly the tread anyway.... Definatly something to ask at the agm.