Member Info for Hazbeen

yes read that too..but you read this

Although full development of the existing plant isn’t essential, with an additional US$5m, FAR will be able to scale up its
adapted pilot plant from capacity of 480tpa to 1.5ktpa V2O5 within a few months, which we anticipate would result in
a sevenfold increase in revenue by 2021 and positive EBITDA of US$4m providing cashflow

additional US$5m - only raised $1.5m....so that anticipated increase just will not happen until he has raised the rest of the money....you just re-confirm my points Earl

PV,

Ignore the % increases, that is just noise.

let say 250t for the full year. That is well short of the 600t/year initial target he has been trying to meet for over a year now.
The 1500t/yr is the one I am waiting for and will produce the cashflow needed to support the bigger project.
I cannot see 1500t/year start until middle or latter of next year at best.

Let see if he can achieve 600t/year from April first.

apologies...typo opn first line
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)

PV,
I am sure future cash requirements will be enough from revenues going forward.
The old video from Jan this year makes it very clear..scroll up to 26min
$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)

the problem for me is..the power problems are always an excuse to blame poor production figures and can be sued again next time. Interestingly and unexpectedly the figures are slightly higher the last update, and it is been reduced productivity because of Covid. So this unexpective news allow the seller to get out...stinks a bit to me to be honest...or am I being too cynical...

i guess if you want to buy in large quantities..this is the best time to buy since this much volume would have pushed the price above 10p+ by now...
i guess it is a wait and see to what happens after the seller has finished and when the volume dies down

Alpha,
Actually how many millions do you make the share placing total?
I thought it was about 10M...if that is the case..then we must be close to shifting them..another week of this maybe?

it will take some time and lots of volume to clear these millions from the placings

I do find the the volume and interest intriguing though...coincidence though as it is being matched by seller

Believe me when it is close to completion , Co will be shouting from the roof tops .
Bridgen will use that piece of news to probably try to sell his shares then I reckon
As this is when big buyers may want to buy in
So my bet is it will be completed after March when his lock in expires and also critical install of power line
To enable the overdue ramp up of the operations
If the Co gets it right , it all lines up nicely for Bridgen to find a buyers for his millions to sell

Last update was in June results , but nothing mentioned in last October update .
This surprised me as it unlocks the value here and is very important to the whole project
My money it will be early next year at the earliest . Covid has slowed progress

“Progress on our feasibility study has likewise been slowed. Visits by specialists to site have not been possible, and although there is no curtailment of the shipment of samples, the necessary radiological examination in order to complete transport and import documentation has not been possible. The relevant institute is now slowly returning to work“

So anyway of the bulls care to tell me what the recent cash raising is being used for ?
Oh and show me where it says it us being used for the BFS study ?

For gawd’s sake , what he said in January has not happened because of various reasons
The point is there will be no BFS this year because there has not been any money to pay for it
Ramping up production was supposed to bring in the cash flow but that has been held back
Gawd man ... you just do not get it ... add a year to everything he said in January 2020

Yes he says alot.. he has an agenda
He said this in January this year , but the share price just kept falling further .
So now you think it should be higher because if this ..lol
Market does not agree what he says makes any difference

Either way buying under 10p should be ok , as long Co does over dilute

Earl
Instead going off on the price target
Addres or discuss the points I am making
Are you denial about them ?

Agree Gaz

There is a big seller and overhang now
It will go higher , but will take some time as long as current April targets are achieved or perceived to be

You are a ramping trader dreamer .. nothing more
Desperate to make a penny on your 9p buy

Earl
Listened to it 8 months ago
He has no money for BFS study ... listen to it man !! I have
All targets mentioned than are a year behind . Ramp up was due last April / May now in 2021
He still needs to raise more for the ramp up .
You are getting emotional with the price target
Raised cash because existing operations not cash flow positive

Need £3.3m
Director Lock in until May
So he is hoping for a higher price by April