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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."
Director Share Purchase
Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, is pleased to announce it has been informed that on 2 May 2023, Nicholas Bridgen, CEO, purchased 6,400,000 ordinary shares in the Company at a price of 10.15p per ordinary share. Following this purchase Mr Bridgen has a beneficial interest of 59,472,133 shares representing 13.22% of the issued share capital of the Company.
I'd guess that too, but could be completely wrong. We'll have to see if we get a correction RNS.
Must be.. 10% of the company.
Maybe out by an order of magnitude and 640,000?..
That's how I read it, must be a typo?
Am I seeing that right?
Approx £640,000. That’s some vote of confidence…
Good question I wonder what Sir Mick Davis answer to that would be ?
2 extra placings to build a plant, that, and an investor base that has lost confidence in the, behind the scenes, management to deliver the main project without, even further, substantial dilution which the plant was (ironically) built to avoid. Vanadium price is o.k. Not sure about doldrums, progress is still being made & we have been promised a favorable wind here, but operations which don't produce free cashflow and with needs of financing in the current rate environment are generally seen as un investable, or trading vehicles.
Seeing as we are in a global interest rate raising cycle which moves the cost of capital considerably higher, where risky ventures are less likely to get funding and a demand destructive recession is likely next (why commodity dependant nations are constricting supply), you have to ask yourself why you would invest in a pre-fesability company which wants to mine a commodity not in short supply and which is highly cyclical with economic booms and busts.
Team FAR investors, is it the price of vanadium that’s holding down the share price? Are all vanadium miners in the doldrums too?
Vision Blue Resources Completes US$650m Fundraising
London 18 April 2023: Vision Blue Resources (“VBR” or “Vision Blue”) announces that it has raised over
US$650 million from investors seeking exposure to VBR’s strategy of supporting companies that will
help drive the global transition to clean energy. Following strong support from specialist mining,
private and large institutional investors, the proceeds were above VBR’s US$500m target.
Since its launch in 2021, VBR has continued to expand its portfolio to five strategic investments in
companies involved in graphite, vanadium, silicon metal, tin and rare earths. Each of these
commodities benefits from rapidly growing demand from end markets including electric vehicles, grid
scale energy storage, wind and solar energy infrastructure, and electronic devices.
Vision Blue’s investment strategy is to secure significant minority stakes in companies with well
defined, advanced and scalable assets, and committed management teams.
The VBR team works closely with its investee companies to accelerate growth by providing capital,
management support, access to public and private finance, technical and operating support, expertise
in building a world-class ESG framework, as well as delivery of a value realisation strategy.
Sir Mick Davis said:
“Since our first investment in early 2021, we have seen a growing realisation amongst governments,
investors, industry and others that the world is facing a major shortfall in the supply of metals and
minerals needed to enable the transition to clean, low carbon energy production and usage.
“VBR is already playing an important role in accelerating the supply of these critical commodities by
supporting the rapid and responsible development of new sources of supply that have the potential to
become globally significant.
“The interest from new investors seeking exposure to VBR’s strategy of accessing critical minerals has
been beyond our expectations. We are now well placed to expand our portfolio of strategic
investments and capitalise on the opportunities which we have already identified.”
Good to see a rise in volume this past Month but for nothing more than to lead to a lower high will require NB to deliver on his promises.
1. Profitability of current plant and no supply/ sales constraints, hopefully @ 7M$fcf,
2. Updated mineral reserves showing long mine life which can be used for reserves based lending of phase 1,
3. Offtake agreement for the carbon black
4. feasability study confirming capex requirements and opex costs.
5. (for things to really take off) Lower interest rates and the loosening of lending standards prior to financing.
For me no.1 is most important and has me considering Nicks credibility into question given it's performance.
I am still quietly topping up - average is still higher than I would like - the company credentials and plan remain hugely positive and Sir Mick is very much in the game!!