Ngl don't know much about the company, if anything.
But from a trading perspective, the way SP has held after placing, the gap fill, the volume...I reckon this will pop some point next week.
Very good risk:reward ratio at these levels!
@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 :)
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!
@Luciano, this is NOT a high risk high reward investment at these levels...
Its low risk, high reward...even if potential of main mine is not realised, the smaller mine which can still produce 4ktonnes of Vanadium a year, FAR has...as a backup even thats worth more than current SP...current mcap is 38m...bmn current mcap is 135m, they only do 3ktonnes as per their website. Thats the worse case scenario for FAR.
However if indeed the potential of the larger mine is realised through upcoming feasibilty study then you talking £££s not pennies.
As ever do your own research and judge a suitable entry!
The sheer fact BMN holders have to spam this board says it all...worried indeed!
Anyhow don't take my word for it, have a read...
https://total-market-solutions.com/2020/10/19/ferro-alloy-resources/
@Hazbeen forget the broker target...
FAR is doubling vanadium production each year.
Was profitable in 2018, good cash flow...since vanadium prices are at rock bottom...can only go up from here. Mass infrastructure coming from US and China Post covid.
FAR applied for patent on technology for v flow batteries, the future.
FAR on track to being lowest cost v producer in the world! Can operate at any price.
Feasibility study due anytime, if this is realised for the best vanadium mine in the world, this is instantly in the £s.
Close to £1m raised this year, including a placing this month!
Perfect opportunity to buy...itl be 16-18p this week!
https://twitter.com/bricks1992/status/1317549428157370368?s=19
https://twitter.com/bricks1992/status/1317549428157370368?s=19
This may work for link to telegram group...
He's clearly stated the reasons for his reccomendations which seem logical, giving small mcap recco for each sector of transitional energy...maybe there is bias there, maybe there is not, one thing for sure, you cant dispute his logic...
FAR gets a mention as "the worlds best vanadium asset" by a major publication...
Imo this is the bottom in terms of SP, vanadium prices, can only go up from here...production is doubling minimum every year as per results announced earlier in the month despite covid restrictions!
https://www-standard-co-uk.cdn.ampproject.org/c/s/www.standard.co.uk/business/ftse100-recession-shares-top-buys-a4523066.html?amp