Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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All buys this morning yet a drop in SP, got to be games - watch this space!!
So cash position should be good
Bod need to get this flipping feasibility over the line then get the f’ on with it, dig the stuff out of the ground so everyone can finally make some money! Simples! Let go let go
In fact get me on the bod!
huge potential
very poor at meeting there own milestones
a diminishing value currently for vanadium
but it’s all cyclical
personally i’m 80% down hold a **** ton of this
hold on the back burner and occasionally pick up a few on the cheep
disappointment for 3 years
Any more insights here - seeing plenty of buys and had a top up!
Seemingly a strong update
I’d like some dates around next steps and target dates for mine start and operational commencement?!
Don't know about news obviously, but I'm not expecting the full year figures to be very good, they've bought in a lot of material to process, but it sounds like it was not top quality, and resale / profit levels might be low until the (expected) up-tick in the world economy which might be in 12 months 🤷🏻♂️ Maybe when the long awaited report comes in there will be a bounce back. I'm lucky in that I'm holding at 9.5, so while it looks poor this is a long term punt for my retirement and I'm adding a few more as funds become available (Tax bill to pay this month 🙄) so paper losses aren't a concern. Also the company announcements can be contradictory or unreliable, which doesn't inspire confidence until there's solid results.
Another big sell 850k or £49k ouch bad news on its way?! I hope not
Oookay..... 15-Jan-24 14:00:07 5.70 543,304 Sell* 30.97k 0_0
Https://www.ajbell.co.uk/articles/latestnews/270740/ferro-alloy-resources-concentrate-processing-figures-rise-2023
Also what’s happened to the company website? They must be updating it maybe?
I hope your right; https://vanadiumprice.com/ Vanadium price seems to have flatlined now, worryingly while the steel price has been rising! https://tradingeconomics.com/commodity/steel
Given the lower spot price and the current, forward purchased ore, will be sold at a loss and the fact the fesability study keeps getting delayed could mean that there are some difficult problems to overcome to meet economic targets, where we don't know what effect the extra vanadium supply will have on the market and how profitable the plant will be going forward, ie -> can it afford to pay off the bonds at redemption?, I personally am not willing to re-invest until more is known, hopefully in the next financial results.
I'm sure MM's will use the low liquidity to bid the price back to 9p though......
Well another year goes by and it’s been, by the end of the year, a challenging time to hold this share.
A very sincere message to all especially those who are shareholders like me: good luck.
That feasibility study will hopefully not be delayed further and give us some cheer. And with the world economy getter stronger hopefully the price of vanadium will improve too thereby strengthening the company balance sheet.
Vanadium price has dropped.
Out of the 57 trades today, only 27 of them are over £100. Plenty of pennies and a couple of pound buys.
Expect it back to lows in due course and VB to renegotiate.
Had to go out today and missed this fab top up opportunity - just shows the strength of this share!!
There needs to be some accountability as they keep missing targets and deadlines
Same here Bem - way down, still believe the project has great potential and wish I was buying in at these prices!!
Looks to me that the liquidity hasn't arrived yet for anyone wishing to exit. Which means I am in no rush to add. Thought I caught the bottom before but things seem to get worse. Maybe waiting for some accounts would be a better strategy. To see the write downs & whether the cash covers expenses?
Bottom is lower than this for sure....
Makes you wonder if VB will renegotiate terms now due to weakness of sp
In uncharted territory now, no one knows where the bottom is
My buy target, lets see if it will get there
Very little Xmas cheer. It’ll be alright.
Castaway, good post
Cheers
Header, the shares issued were to cover Blue Visions convertible loan, so the company received no cash, they just issued shs to cover the loan debt.. I attended the AGM where some LTH gave the BoD a good grilling re. the S/P, but what can the BoD say? it's all ongoing and takes time. The delays are mainly due to getting the ore samples processed by SRK consulting, they are very busy and it is industry standard for them to do it so there is no way round this (the banks which are to fund the project would insist on this in any case). So FAR are doing their best!.
I think we may get an update on metallurgy, but the real game changer is the BFS and whilst I hope this comes out as advised April 2024, I would not be surprised if it's delayed again!
On a positive note I quizzed Nick about possible future placings and he was confident the pilot plant would provide funding for the day to day running of the business until finance for the plant construction was required.
I feel FAR has a fantastic future, the metrics of the mine are off the scale, however there is a bit of time to go before lift off and that is currently reflected in the S/P.
Well thankfully those shares got converted at 9p recently so hopefully there is no need for a raise assuming the concentrates are 'sorted' and the q3 update wasn't cleverly worded like the 2.3£M CLN conversion.
Some more comms from the board would be nice. Keep us updated and informed. I am also down fairly big, have though about averaging down but without any updates or information it's tough to justify