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WTF is Hazbeen on about? Dear oh dear. Do some research pal.
"Cost of sales increased to US$1.9m (H1 2019: US$1.3m) reflecting the increased volumes and processing of vanadium catalysts in the pyrometallurgical line that were purchased at the high prices prevailing at the end of 2018."
Increased volumes means they had to purchase more catalyst? But catalysts can be re-used surely so this was a one off cost and not an ongoing cost?
In regard to the loss made, wasn't this due to high price paid for catalyst material? If I understand correctly, catalysts can be reused? So in the 2H of 2020 (now) they have ramped up production significantly, are about to bring the roasting ovens online which will increase the value of sale product, and they already have the catalyst material bought previously? That's how I understand things.
BRICKS,
I have correct you , have you read the interims ?
Earnings and cash flow
The Group generated total revenues of US$1.1m for the period (2019: US$1.1m) reflecting the low market prices offsetting the strong growth in production and shipments.
Gross revenue for the first six months of 2020 was US$1.2m compared with US$2.0m in the first half of 2019.
The Group made a net loss before and after tax of US$1.7m (H1 2019: loss of US$1.3m).
Atleast he is decent enough to move on, once his questions have been answered.
he comes across as a jilted son-in-law...
It is ok
I will come back once we have more news on progress or lack of it , as the case maybe
Happy to be proved wrong and I will be the first to say I called this wrong if that is what transpires
He must be rremunerated for his negative posting. The interesting question is - by whom?
Agenda .. not at all
Just trying to engage pl to discuss the facts
Has anyone noticed the rampers and day traders have gone from this BB
The hot money is leaving or left
I reported this Hazbeen. He's a real throll. 296 negative post against FAR in a month. He's got an agenda and that's clear.
@Hazbeen...
What are you talking about seriously?
The BFS is already underway, results were due end of Q3 as per rns issued 13/12/2019.
For obvious reasons such as covid its been delayed due to office closures, which was translated to us via an RNS 29/06/20.
We will have a further update end of this month!
Even so I expect it to be completed before year end!
As for revenue, FAR was profitable in 2018, only rock bottom vanadium prices changed that, which are also due to go back up.
Revenue is in the millions btw have a proper research mate :)
Why would this Hazbin continue to criticize a company he or she is not a shareholder since his hers first post?
He's definitely not a philanthropist either, trying to protect our interest, is he or she?
What is she or he?
Thanks for half decent reply
Where does it say recent cash dilution and debt will be used for BFS and furnace
From the horse ‘s mouth .- he stated he needs a lot more to carry these out
I am stating what the CEO is saying
Do it beat me for that ..
Oh production about now is small in revenues .. look at the revenues being brought in not
% production increases .. this is noise
Revenues remain small hence the cash raisings
Hazbbeen by name .....Hazbeen by nature.
Hazbeen you dirty little liar:
No RNS since "that interview", that interview is old, from January, we've had several RNS's since, and several interviews, the latest being THIS MONTH with directors talk, get with the programme!
Look at that, the clear progress that has been made, results speak for themselves, despite covid, a doubling in production, which is expected to continue to double every year!
No indication of where raised funds are being used you say? Look at at a RNS from 16/09/20...for high voltage power line and installation of equipment to convert AMV into V pentoxide (15% more profitable and easier sold), among other enhancements such as refurb of technical directors area on site!
That's the "existing operation", read up about whats going on at "the project"!
Stop being ignorant and catch up lad! You're still 10months behind!
Hazbeen sounds like ea downbet your on
Challenge the facts ... It comes from the horse ‘s mouth ... cone on
Morning All,
I see Hazbeen has been having a full-on conversation with himself this morning (5 separate posts of pure negativity). Usual negative diatribe. If ever he has proved he has a negative agenda here, it is now. If you're not sure, just read back on the posting history.
Always take a balanced view with everything you read on a share chat board (me included!) and do your own research. Don't take what someone posts here as "fact" just because they say it is. Dig out the information from the RNSs, the broker notes, the company website, the wider internet etc. Please find the broker note attached below.
Most importantly, don't let someone scare you off the pot when you've done your research and got comfortable with your investment. Do you honestly think he's here to "save you" from your investment decision?
Have a great day,
Bezzy
http://www.ferro-alloy.com/en/news/VSA%20Research%2012%20May%202020.pdf