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Rrap
Agree with your post not long to get em on the cheap the sp is back to lows before Sir Mick and all the news since.
A great time to top up or average down, I thought they looked cheap at 30p
I have added a few more at this price and may have some more.
Courtesy of Cyber from another board. This post before we had Carbon.
If everything is confirmed technically in the FS then VBR will invest their $30m and raise another $70m in debt, and construction can start, with first production in 2025. At that point we will have approx 500M shares in issue and could be making $100M profit after tax = £75M. Put it on a p/e of 10 = £750M cap and a share price of 150p. And the debt will be repaid after just one year!
The real bonanza comes when FAR use the cashflow from this plant (Phase 1) to raise debt (=no share dilution) for Phase 2, an even bigger plant. This is projected to create $400M p.a. after tax = £300m. Put it on a p/e of 10 and that's a £3bn cap, with 500m shares in issue = 600p share price... And probably a 30p dividend!
The market hasn't caught up with FAR, the future divi alone could easily be 30pa more than today's sp with an sp of £4 to £6
Phase 2, with output rising to 22,400 tonnes per year. Combined NPV was estimated at over US$2 billion. Plus we now have a spin off (Carbon Black) correct me if I'm wrong but FAR's revenue from Carbon could be $1b Pa at today's price.
From RNS 1/7/22
Carbon Black
The potential output of this concentrate is potentially over 200,000 tonnes per year from Phase 1, or 800,000 tonnes per year from Phase 1 and 2.
One tyre manufacturer is currently testing samples as a prelude to commercial negotiations. Other manufacturers will be approached when the test work is completed.
Accumulating
A few weeks old but worth another watch.
https://youtu.be/-uQHnBTfjWo
To much chat on here for someone that top sliced a few shares. Most big holders have top sliced a few. Except most of the bod because it is forbidden.
Mr. Chukarov
70,144,046 in Venus holdings via Deloan.
40,000,000 options.
39,682,774 in another holding of which he sold 27,400,000.
122,426,820 remaining.
Apparently he sold 18% of his holdings.
The difference now, we are not being held at the 29 - 30p range, to accommodate Alexei Churakov and Veles International share dealings. when the sp returns to 30p it will sail through it.
When you have our advisers engaged with a wide range of parties receiving non-binding offers, they are not constantly checking EUA's sp but discussions will be based on our asset value. MT plus WK $36b plus up to 40m Oz's of PD in the surrounding area.
I.M.O. 50P to £1 is fair value if more it's a bonus ..
comeonvog
As I said in my earlier post I can see this over 1p when the re-start comes at the end of THIS month..
Why do we have to do the research for you.. Do your own from here on.
Following the latest updates from the Zimbabwean government regarding the continued COVID-19 related travel restrictions, Fastjet Zimbabwe will extend the suspension of their schedule flight network until Tuesday, 30 June 2020.
Given the unprecedented nature of the external factors that the travel industry is facing, our management team continue to assess the situation on a daily basis and remain committed to resuming flight services earlier than the revised date should there be any easing of the current restrictions on the movement of people.
comeonvog
Yes they have
From a few days ago, charter flights are running.
Fastjet Zimbabwe this afternoon announced the airline’s intent to operate a mission specific charter flight in support of the repatriation for both Zimbabwean and South African Nationals, for travel between Harare & Johannesburg and vice versa, was granted formal permission by the aviation authorities of both countries for the flights to be operated on Friday 29 May 2020.
This first repatriation flight arrangement is wholly intended for Nationals and Permanent Residents of both countries presently stranded who wish to return home. This arrangement is a demonstration of the excellent cooperation and relations between the Republic of Zimbabwe and the Republic of South Africa.
The airline acknowledges and expresses gratitude to the respective ministries and delegations staff of both countries for the collaboration and unwavering support demonstrated and provided to the airline.
Fastjet Zimbabwe Accountable Manager, Mr. Ed Berry said: ‘All repatriation flight arrangements are in full compliance with the lockdown regulations for Zimbabwe and South Africa and will be coordinated with the relevant authorities and our service partners with full adherence to the prescribed industry and regulator safety standards introduced for COVID19. Over the last few weeks, we have had many customers reach out to us asking for our assistance in helping them return home, and we are pleased that this is now becoming a reality‘.
The flights scheduled to operate tomorrow, Friday, 29th of May are already fully subscribed to, however Fastjet Zimbabwe is continuing discussions with the relevant regulators and authorities for additional repatriation flight arrangements between Zimbabwe & South Africa and vice versa for the week commencing 07th of June 2020. Pending the required approvals, customers may register their interest for these flights by submitting an email to customer.zimbabwe @ fastjet.com.
In the meantime, the airline’s scheduled network operation remains highly dependent on the lockdown travel restrictions and opening of borders in this context. The fastjet team remains mobilised to welcome all customers on board its aircraft as soon as possible and in complete safety and reiterates its commitment to assist as many stranded Zimbabwean and South African travellers.