Member Info for faramog

No Halespur ... there is no debt ... there is a debt facility (like a working over-draught) .... as for JSE. I can't see it happening in short order so will likely be a holding 'aspirational' statement or nothing at all.... I rather think when the company gives a timeframe the thing to do is double it and add some for yer granny and that will probably be pretty close.

Was the food LSD ?

It is frustrating and at times more than baffling.... but fairly regularly the 'better comms' comments come out (and I certainly would like more selling the big picture).

But perhaps we could just enjoy the past few days of peace and relative quiet - we ain't changing anything so just enjoy the weekend... one day closer to an update !

UK .. I rather pointed that observation out as tongue in cheek ! ... good summary though

although a Mokopane offtake or direct raw ore agreement has long been muted .. difficult to see this year but I guess what we don't know is where the bottleneck in the Vametco process is. It may be that the crushing and initial filter/concentrator has more capacity (This that visited last year may know), so sending (I don't know just numbers) 30,40 50% concentrate is a lot easier than raw ore with 1.6-2%

never met Alfa .. wow .... does not surprise me at all.

I do agree that the Vanadium price will have had a big impact, but they failed to ven get a few demo systems really going

Exactly @Linden .... "..walking all the talking of the hundreds of enquires they have been talking about.." That is ultimately what did for RED (along with a useless CEO)... they just never really sold any/gave away any to make the story work and in the end the 3 years of pipeline, pipeline, pipeline was just not believed any more.

Now in Bushy's case, We have an electrolyte plant in construction, a large and growing supply of vanadium for the electrolyte, a link up to a decent stack and box system.... and some momentum growing with the likes of Dalian (etc) progressing their build.

An order tomorrow for SA systems will not be rolled out until the Spring-Summer of next year. Just because we get a bunch of orders will only change the paradigm a bit (in the context Lindon talks about)... but in a years time, as the pipeline starts chuntering out systems, medium and long term rentals start materialising and mine expansion grows larger ... now that becomes a rather more compelling story.

Remember every gram of Vanadium processed can be sold more than once at a profit. However long the story takes we have a profitable and growing investment. Rather than the fanfare-rara growth of many companies, FM has put the building blocks in place for much of a Lighthouse ... incredibly strong foundation.

So whilst I am as fed up as everyone else on the SP and would be delighted by a 500%+ re-rate, I don't see that happening any time soon. Rather I hope a steady rise coupled with a move off AIM all together and just watch the counter tick up as the profits rise.

no .. but soon will be !

Thanks Alfa ... good to see you back in the groove

Does anyone know where the Vanadium for Dalian is coming from and who will make the electrolyte ?

2c..... Yes.... Or no.

Dyor etc

no Sefton .. you ****ged off the management and called them 'children'

Enough .. filtered

I disagree DD ... you get a lot of reasoned debate on here.

The issue is a new account's first post said "But because the leadership seem to be like little children when it comes to stock market value creation. They are nice, well-meaning little kids playing nicely ...."

Clearly provocative and garnering the contempt and response it deserves ... not filtered this one yet as will see whether anything redeeming comes out.

Best look at Seftons first post then ...new account, new poster , lambast the management, moan about **** and then seek a reaction ... the classic troll way.

If you feel my responses have been uncalled for .. filter me ... I really don't care if you feel I am out of order

Sefton .. undervaluation is neither tolerated or embraced ... I would ask why you say that but it is such a leading question... suffice to say:
1. It is on AIM
2. It is a miner in SA (and seen as such)
3. SA Politics and Junk Status

When off AIM and classed/viewed as a technology energy company I would rather expect the PE multiples that go with that (subject to a level of damping because of SA).

'I still think its a great opportunity to invest' .. but I have exited .... so a trader then ... bye !

Sefton .. as you have 'exited' why are you still posting .... just trot on and don't forget to take your crayons

RazorS - it was the main reason that the PI shareholder list was started and maintained (until last year). Not that it was everyone, but a very strong indication of the likely PI block that could be called on. As I understand it FM was aware of it and I expect used that information to give less focus to any possible TO bid knowing there was a large block likely to oppose (and indeed the relatively small number who held knocking on 30+% could be relied on on to sell out cheap).

Clearly the PI base has broadened out (and there is seemingly more liquidity), but aside from a few trades here and there, the substantive LTH's who collectively hold 30+% can, I think, still be relied on. This, with the other blocks FM can call upon mean any TO attempt would have to be pretty hostile and would likely not be successful.

So whilst in general I agree that a possible TO at some point may be attempted (big Oil looking to divest for example), I rather suspect it will be well in the future and command a very substantial price.

So nothing to right now worry about

I knew the quiet could not last....

Back to your crayons Sefton.... no 1 idiot post of the week so far

don't knock it !!! .. quiet before the storm ... but which way will the wind blow us ?

got a link gambit .. I still find it all a mystery