Ferro-alloy Re. Share Price (FAR)

I have topped up too - probably in a little too deep here but agree with iLove on the company - good team backed by Sir Mick as Chair, he does not back losers and will want to get beyond his purchase price. Still a longer term play but good be a big one at this price!!

Did that dead cat bounce yesterday then?… B

You do realise even the best investors get it wrong. Don't see Vision-add blue coming to the rescue when things go t'ts-up when the bond spending money has been syphoned off & can't be paid back, or even bidding for the low margin recycling plant after the fat lady sings (she's warming up her voice).

Think I'm wrong? Explain how over $30M has been squandered on a fully operational plant that is loss making & it has taken over 3 years to do a fesability study which should take under a year! Looks like fraud to me, I'm P'ssed off & out!

Looks like its recovering. I think the seller is gone. Nice juicy update on the FS and it is up and away. Happy with the fall back as it got me a good entry. Good luck all.

I have faith in Mick Davis and his prowess. Great team behind this company. Under priced now. It was 42pence when VB bought its stake. Happy to get in at 3.0 pence.

Claw

These Feasibility studies can take an age and drag on. Yet when finalised they are bankable and they can get loans on them. We have already seen VB able to arrange bond issues to progress this asset. Getting most resources are costly. Yet when in production they are money making machines. I believe the team behind FAR are experts in their field. They have one the figures. I think these figures have been stretched however. They expect more from FAR in bringing in an income while they progress the FS. I am lucky as I have just bought a stake now and am happy with this drop. Fully taken advantage of it.