Member Info for faramog

Maybe you should consider the bigger picture .... the cash from the placing provides all the working capital and capex for the next year pretty much ... the same of Cellcube and Lemur (for whatever they get) will go a long way to covering the first tranche repayment in Feb 25

Is there now (on final signature) a de-risk on vanadium pricing. After all, the ney says who say 'why cant it fall further;' are right .. but also wrong as there is no way Largo will keep pi55ing $12-$15 a quarter of loss away on a low life mine. If they halt then 7%+ of 'western' production disappears .. hard to see pricing dropping then.

It is not that there are not challenges and risks... but to survive Craig had to lower costs, fix the operational stability lean off the non-core bleeding, and increase production ... all pretty evident. With the astute deals and simpler structure the investments and sales give 12-15moths (arguably) of breathing space for Vanadium to recover .. and it does not need to go up much for a net profit to be made

But hey... you carry on pretending to be Starmer and saying 'no no no' all while offering absolutely no alternate. If you think it is all doomed why are you hear

Of course Cinders .. no one on here has ever ramped before have they .... no one has blindly followed the failed previous CEO have they ... and no one has got it right before have they

No .. 50% bought back as an option is 26 (won't be though)

There is more to come ... I reckon 2.7-3B in the end

Not sure where 1.287B comes from .. the last formal notification of issued shares (all these deals are proposals right now) was 9th Aug with 1,557,541,859 in issue

By the time this is done I would think we will be around 40% diluted

Given FM always seemed 'closed period' I doubt it given the material info, and given CC's comments about putting his whole salary in if he could, £25k does seem a mere drop in the ocean

.... it is a tad concerning all this is being done prior to the Orion finalisation

No @Marc ... but at least the new CEO actually bought some shares !

it is the mine life that is their problem .. to maximise return they need a healthy margin .. just no point ******* $12-$15m a quarter away

If it does not rise soon, how long will Largo keep pi55ing its money away in losses on a 7 year mine life .... had knocking $70m in cash a year ago.. less than half that now

If they decide to halt production for 1 or 2 quarters (not an easy thing to do or re-start), then 7% of western production goes

No BenA... it tells us Garnett call the shots and are not interested in a London listing

Hey @IslinworthSpy .. a brief look at your posting history is very illumination ... one could reasonably say 'give it a rest FFS' yourself !

You ain't the arbiter of what is posted and for all the well meaning intent of some and downright malicious for others, the excessive backing of FM has been demonstrated to be flawed

Tell your friend to check the fine print about fire damage and ultimate disposal ... a number of cases in Scotland reported recently where the Leaseholders just dissolved leaving the land owner with the massive bill to dispose

Copy of their lifetime insurance !!!

Yes ... I rather expected an RNS detailing the outcome having made the statement about it ...

Perhaps if you had similarly posted when various souls posted warning and got shot down and barracked your holier than thou whining would have credence

But I don't recall you posting much

As opposed to the dress dreams if the future eh

Well Pdub .... he has never once bought any shares. He was given some shares as part of bonus arrangements.. but has never once bought any

So far to say.. he wont have changed his spots

Stop defending the man.. he ran the company into the ground and right royally screwed us all over. Not because he is necessarily bad, not because he did not spot a gap and had a great vision, but because he lacked the real attention to detail in mining operations and had no experience in solving the many problems.

I don't blame him for that - he gave it a shot and lived the hog on riding the vanadium spike wave.

I blame the Chairman and other BoD along with the big II/family holders who never called time early enough !

But we are where we are !

Doesn't feel like an over-subscription .. that would be keen market news... and unless Dianne Abbott is doing the count would have been over minutes after noon.

Pricing around it looks more like a sell

Not 4% then marc001 ;-)