Member Info for faramog

Your argument makes sense in isolation, but the market can and does ascribe future cash flow. Remember the brokers use a forward cash flow sum.of parts calculation

So explain how FAR is so high when it makes no profit and won't do for an indeterminate period of time

I am afraid the argument 'the SP reflects current profit' is nonsense

@L2 'advanced at 16.9' ... not sure I get this but may be just being thick.... are you saying you cannot buy below this price or that is the quote on a forward order ?

that makes 117

her Carp ... PMSL at your utter stupidity .... we wont get issued with them and wont need to hold them ... go look up dual listing.

Meanwhile, I shall carry on my mantra from Jan this year and filter (on any platform) utter cretins)

ha ha FB ... a real cure of piles

Dec 17 Knuttie .. so only 4 months to a 3x re-rate ..... I remember having a large investment averaging around 2p and then while sunning myself in Tenerife overlooking the magnificent Los Gigantes cliffs watching the tick up from 3.5(ish) to 8+ over 3/4 days ... lovely .. made our holiday.

Point is it then was static and bubbled for a year before the next uplift..... when this share moves.. we can expect a pretty rapid and large movement

Then we shall agree to disagree Pdub

@Dougerboy

I used to keep a PI voluntary register of holdings. The last update I did was over 3 years ago in March 2018. The Shares in issue were 907.9m and what I had recorded was

Holding at least % of the shares in issue...

>=1.00% (>9m) 10 PIs holding 153.0m (16.9%)
>=0.50% (>4.5m) 14 PIs holding 86.8m (9.6%)
>=0.25% (>2.2m) 23 PIs holding 69.8m (7.7%)
>=0.10% (>0.9m) 51 PIs holding 71.8m (7.9%)

98 holders holding 381.6m (42%)

Total recorded holders = 179 holding 415.7m (45.8%)

The bigger point (useful to Fortune) was that less than 25 holders gave the critical mass to block a takeover irrespective of anything else. I do wonder whether no TO attempt was made precisely because those that needed to know knew this!

For myself, a lot of the big holders have sold down large chunks, bought back in, traded and why not, we are in this for ourselves first, so whilst there are holders holding over 1% of the company, I bet a bit less, and over 0.5% less as well. But there are a much larger group of holders in 50-2/300k share range now and this has added to the liquidity. There is the occasional 'it is very illiquid', well I have pointed out recently, the liquidity on a daily basis is better than the most traded stock on Main board

I don't have sell down strategy, I have several possibilities, and what I do will depend on the market timing and what I need at the time as much as anything. But will be slowly selling down as the price rises, not least to realise some of the gains and also to diversify and pay for my (early) retirement. This does not mean I won't hold at least 100's of 1000's of shares for a very long time - I see long term substantial dividends in the fullness of time.

Please don't think this explains the 'big seller myth' - I don't subscribe to that at all. Most of the large holder sells were at SP's a lot higher IMO and many have bought back in (especially down at 12p).... the story is just not clear enough for most to grasp. Just look at the questions regularly on here. Contrast to say FAR: we have oodles of vanadium, it will essentially be free as it will be a by-product of other 'stuff' ... and we have a big-wig join the board .... a clear message (even though my personal view is it is cobblers)

When Vertical Integration is an actual reality, when there are real models worked through and numbers, then, and only then, will a much wider set of lazy investors take notice

Have a nice w/e all ... it is all coming soon and will (IMO) start to really show in H2 and then all click into place in 2022

@dougerboy - it has often been said 'get in quick before the re-rate' on this bb, and there are a mix of reasons the 're-rate' has not occurred (some nefarious), but I do feel we are on the cusp of the first of several bounces..... so if you genuinely see the sunrise in this I would not dither about.

@dougerboy ... what is your holding and exit/sell down strategy ?

go on their bb job .. see what the devotee's say ..... 2 months ago some of us tried to warn the PI's ... but hey ... before the end of june (10 days before), Bushy will have produced what FAR produce in a year .... a pumped up minow and Sir Mick .. that vid of him being all shifty ..told me everything

https://www.linkedin.com/posts/callum-magee-5790804b_eagleip-qhub-360camera-activity-6806225327203876864-z5Yt/

down 9% now .... and yes .... FAR's delivery is far far away !

now its -7% and + 6% .... what is happening ?

Nice to hear from you again NickD... Hope you are well

maybe thinking of smart & dumb and thinking 'I know which one of us is which' LOL

Funny how FAR is down 6% and BMN is up 5% !

refreshingly 'pointed' question .... I thought FM started with the same old same old 'world needs more vanadium etc ...'... but at the end when he spoke of 'conversations' in partnering and 'junior miners with large deposits' my ears rather pricked up.

And we know a delegation from China recently visited Mokopane .....

So the 'outspoken one' may be right ... gonna look very smart, or very dumb ..... I know where my thoughts on that spectrum are !

well ... the white dude at the beginning was pretty cutting .... then FM spoke, I yawned a bit ... and then at the end ... ooohhhh interesting

There is occasional mutterings (usually from ill informed types) about 'we are a TO target' etc etc. Well up to about 2 years ago a voluntary register was kept of PI shareholdings. Clearly not everyone, but did rather demonstrate that rather less than 200 PI's could effectively block a TO. The register had one main purpose - to give some comfort to Fortune that a small band believed in the eventual long term value.

After Vanchem was bought, this pretty much became low value and is not maintained. We also know some large holders have reduced and lots of other PI's joined

I saw this article .. good luck to them, but at 5% ownership, hard to see a blocking
https://www.thisismoney.co.uk/money/markets/article-9641119/Backlash-sale-lithium-Chinese-predator.html

I do still rather think there are a relatively small number of PI's here who between them control knocking 25% of stock and able to therefore effectively block a low ball TO ....