Member Info for Hazbeen

ppl keep buying, yet if keeps falling now
Looks like the traders are leaving for now

LucyL,
you may be right about his genuine personality.
I am just not sure he can deliver the project to fruition. I hope he can.

What are your thoughts on the 30m+ Brigden needs to sell after April lock-in for his divorce?
How do you think that can happen and how will affect the she price?

LucyL,
I agree $3.5m is a small amount in context, but it is holding progress back.
If it was that easy, then I am not sure why paltry amounts are being raised via dilution and bonds (debt).
The market still sees it has a risky investment and Mr Brigden's past track record maybe not doing him any favours?

I just look forward to see this chapter resolved sooner rather than later, then we can talk about other things

LucyL,
I am just sick of the overhyped messages from some of the day traders. Need to keep it a balanced thread.
I am only interested in the cash needed to progress the 1500t/yr and BFS...the BoD has not mentioned the BFS the last 2 updates I recall..why?..it is a very important piece to unlock value here
Once that is sorted..maybe happy days ahead

at least you seem to talk sense

I read about Brigden and Hambledon mining the other day. He seems to not have learned his lesson.
He was eventually ousted. That concerns me, now I have read about it.

"Recall the hand to mouth existence at Hambledon Mining a good few years ago (now called Altyn) when led by Bridgen, which arguably has been behind much of the reasons why that company has underperformed until lately.
Without good foundations and plans laid correctly at the start, a company can he hampered for years, despite the promise it may hold."

LucyL,

Raising the cash has been an issue for the last year and yes Corona has not helped. But the CEO has been vey slow out of the blocks as he knew money was needed a very long time ago.

It all depends the how the $3.5m is raised. An offtake agreement is a the best solution, otherwise it appears more dilution which will hold back the share price..the lack of cash and the need to raise cash is why this is sub 10p..market called it right.
There still are some risks that need to be de-risked.
Until the cash has been raised, then I am sure we will move higher. It is possible 8p is the bottom, but the cash still needed may hold it back just yet.
This is the immediate focus. and this is what will bring in meaningful revenues and no further risk to shareholders via cash calls. Production and cashflow is the first goal, otherwise the rest will not happen
The the rest of news related to Vanadium has been known and been talked about for a long time but is secondary

1509,
That is about right...

1. this is a lie, evidence suggests next year now
2. cannot be properly unlocked without BFS -needs more cash as per CEO comments on cash needed
3. VRFB is growing for large storage grids - true
4. early days for the patent application..could take many months or longer
5. not true - I have not seen Co stated discussion with battery producers
6. Panasonic - totally made up

this is all speculation on Earl's part to ramp the share.

Are you a paid ramper Earl?

typo
ramp up to 1500t/yr

"Do you think FAR has enough funds in hand to sort out the electricity supply"?
- It needs more cash as I have mentioned several times to ramp up to 1500t/yr which will bring in decent cashflow. At the moment the Co cannot produce the initial target of 600t/yr...this is why cash has been raised and will be raised again for the furnace and BFS study
Balasausqandiq project - construction and production is at least 2-3 years away, maybe more as the BoD's rack record is poor

@Do you think FAR has enough funds in hand to sort out the electricity supply@?
- It needs more cash as I have mentioned several times to ramp up to 155t/yr which will bring in decent cashflow. At the moment the Co cannot produce the initial target of 600t/yr...this is why cash has been raised and will be raised again for the furnace and BFS study
Balasausqandiq project - construction and production is at least 2-3 years away, maybe more as the BoD's rack record is poor

https://youtu.be/c8D_EEml02Y

Listen from 4 mins to hear the CEOs views on VRB...ends at 8mins

moving up now.
looks overhang clearing.
Lets see the appetite for the shares now...traders are winning for now

I guess the question is, is this undervalued at this price?
The market has valued in sub 10P for sometime but there is nothing of material importance since then apart from
diluting shareholders and taking on debt. There is more to come there too

I am not talking long term, just question about the short term of the current pilot project
PV and Earl, can you my question about the $3.5m...that is the only real question here
You both look weak in your arguments.

you got anything new Earl, or only old re-hashed info
Any idea where the $3.5m will come from...or do you think the CEO is lying in saying he needs this to ramp up?

I am just proving that this investment still has a $3.5m funding gap which will hold the share price back.
It cannot reach its 155t/year target without it

I have no motive.
I hold a very very small amount. But I will not add unless the story unfolds to to what is being said by the Co.
The link and videos are all to see, and I am just re-quoting them.
You or Earl, cannot answer me..so what do I or others to think about your motives...hey?
This is a discussion board of course.

PV,
can you answer my question then?

I am just challenging the ignorant rampers that is all.
I am not getting anything back

Earl, answer the question man!...otherwise you come across weak and ill informed and a plain ramper

So not answer to my question...I rest my case then

I am sure future cash requirements will NOT be enough from revenues going forward.
The old video from Jan this year makes it very clear..scroll up to 25mins and listen what he says. It is clear!
$1.5m for just connection to power grid( due in April 2021 now). This will allow ramp up to 600t/yr only

$2m for electric furnace. once installked..no idea on this yet, will allow ramp up to 1500t/year.
another $1.5m for the BFS

So far raised $1.5m through dilution and debt.

So someone tell me where will the other $3.5m come from ...come on rampers..can you discuss REAL points or just the nonsensical broker target or resource value( which needs the BFS to unlock its true value and cost to production)

So not answer to my question...I rest my case then

I am sure future cash requirements will NOT be enough from revenues going forward.
The old video from Jan this year makes it very clear..scroll up to 25mins and listen what he says. It is clear!
$1.5m for just connection to power grid( due in April 2021 now). This will allow ramp up to 600t/yr only

$2m for electric furnace. once installked..no idea on this yet, will allow ramp up to 1500t/year.
another $1.5m for the BFS

So far raised $1.5m through dilution and debt.

So someone tell me where will the other $3.5m come from ...come on rampers..can you discuss REAL points or just the nonsensical broker target or resource value( which needs the BFS to unlock its true value and cost to production)

Thanks for that....he is just mumbling again....gives me no re-assurance and just re-affirms what I have said already.

He should stay off updates...it just comesacross very poor and he adds nothing new without any decent update on new info.
Just repeating jam tomorrow talk to be fair