Member Info for Hazbeen

I maintain selling the resource is best way to get decent returns here .
Thus CEO will not be able to build Bala plant to produce its potential
Talking 3 years away and that is without delays
It could get snapped up after BFS

Technically it has legs to go higher until it becomes overbought
Positive , big volume , so cleared big seller
Fundamentals still an issue with little cash in bank and timescales to ramp up - at least 6 months away
No update from CEO on BFS since January
Keep an eye on the market cap not share price - silly prices being talked here

Filtered this nonsense
You can see ramping traders have nothing of value to add or discuss
Apart from constantly repeating the broker target and resource value
Sad fools

Alg
No problem . Just trying to keep it balanced .
It is quite clear the Twitter brigade has caused the volume spike .
it is a trade for the hot money at the moment to help the seller to get out .
There will be a realization it can only go so far . Keep an eye on the market cap not the share price I always say .

I would take no notice of the broker target . Thus us based on full production of Bala project .
Just take a look at the recent targets due in 6 months .
Co has no positive cash flow until 1500t production begins to start to reach this figure sometime mid
Next year if targets are met in April 2021

An off take off royalty agreement is always on the cards pre-BFS but does not happen often
That is why BFS completion is vital for finding
I can see settle between 8-15p after the hot money has left
Any more delays or dilution will knock it back for a short while

Very sensitive to small selling but not to buying

Yes I agree a lot of buying
huge seller around for sure
I guess this seller has been around for a while and imagine the reason it is continued falling .
t seems to have
Buyers to clear it .. 8p may have been the bottom it seems

Looks to me from float only citadel are left with 41m shares
Must be the sellers .The rest are the director holders . .. dilution their holdings must be their last resource but have
No choice at present .

The directors own nearly 43.2% of the company, with Nicholas Bridgen owning 20.7% and Andrey Kuznetsov 22.4%. The other major shareholders are Citadel Equity Fund with 13.4% and AM2 (Bermuda) Ltd with 4.99%. These shareholders maintained their stake at the time of the flotation.
Milton used to hold I think and sold out
Looks to AM2 have already sold out too on latest figures are saw
So once citadel sell , no major institutional holders left
What does that say .
Best hope bid for the asset . If it is that great an asset it is always possible

So do not forget VSA are paid by the Co to produce the report
It is not an independent report

The BoD do not have the tram around to deliver this
Best shot is to sell the asset tow big player .

Get a grip , the ramping brigade are out , so transparent .
The market and potential investors need a western based BFS study to deride this and confirm the economics and costing of this project . Without this it can move forward with Baka project and raise the 100m for start phase 1 only . 2 -3years away for that
Cannot raise a puddly $5m for the pilot plant and BFS to start yet

The best hope is that a 3rd party comes in buys the asset
Again the BFS will unlock a higher buy price if that would ever happen
Anyhow I certainly will not be adding to my small holding until there is more clarity on progress .

LuckyL,

Agree with that . I am not sure the furnace has been bought as this was priced at $2m+ I recall . He mentioned it in the Crux interview . Since they have only raised enough to pay for installation of power line , then I still believe Co will need to raise for the furnace and BFS
Spot on about the BFS, without this, difficult raising bigger financing or royalty or offtake agreements.
Ppl also forget to realise the BFS will take upto a year to complete . This put the whole Bala project back as well .

However I do find it troubling the Co cannot raise $5m in one go . Let’s not forget the bonds will accrue interest and have to be paid back at expiry of before if the holders ask for it

1509
What baffles me is why does the Co not raise the few million required in one go ?
Why raise this paltry amounts via drip dilution , all odd

And it clear whoever supported the fund raising want out immediately , and not
Interested in holding as an investment .
So what is around the corner ?

Yes spot on

I think I am beginning to wonder whether the CEO is capable of delivering such a
Large project . His track record in financing projects and personal issues say no .
I mean he is making hard work of the pilot plant.
does he have the right team around him ?

MrN,
when is BFS due?
I stick my neck out and still say next year

I make that 34m traded since the 12th Oct..yet we are hardly higher..so looks to be more being sold than just the recent placings..hmmm

Earl,

I hope he is reading this thread!

LuckyL,
Good post..at last a sensible poster!
With you on that
Needs to bring in positive newsflow to have any chance of finding a buyer for the divorce settlement

eyeguy..

another ignorant k*ob

LukcyL,

Brigden is going through a divorce and owes his ex-missus $3.3m ..he alluded to divorces in the youtube.
correction , he owns 64M
RNS on the 19th

erro-Alloy Resources Limited

Director's Lock-in and Orderly Marketing arrangements

Ferro-Alloy Resources Limited ("Ferro-Alloy" or the "Company") (LSE: FAR) announces that the Company has recently undertaken a marketing exercise with a limited number of potential investors to seek to place shares for Nick Bridgen, Chief Executive Officer of the Company, in order to make partial payment towards an existing c. GBP3.3 million outstanding divorce settlement with his ex-wife. Given the unprecedented market volatility and lack of liquidity due to Covid-19 there has not been sufficient demand to successfully complete the planned placing.

As a result of the uncertainty as to the length of the disruption being caused by Covid-19, Mr Bridgen has agreed to enter into a 12 month lock-in over the 64,738,800 ordinary shares in the Company he holds (subject to waiver by Shore Capital and to certain customary exceptions) (the "Lock-in"). Mr Bridgen was subject to a 12-month orderly marketing arrangement entered into in conjunction with the IPO of the Company, that was set to expire on 21 March 2020, the Lock-in replaces this orderly marketing arrangement.