Member Info for Hazbeen

Good afternoon Redroy
Many thanks for that . I have too replied to the article .
As you can tell I am getting frustrated .
I would love to add to my position but not until this funding has been sorted . But not sure whether price will move up or down on news, but either will add if need is as expected .
Regards

Yes. Another 1-3 dollars higher will do no harm either
I hope capitalisation of commodities and stocks has stopped. But I fear there maybe one more push lower before we recover .

There are still fears of a 2nd wave of the virus

April the new power line is supposed to be and payment is due to the contractor.
April is almost over.

When it comes to funding, you need to approach it from a position of some strength and not run down your cash and ask for a begging bowl. As As the Co is producing some vanadium , obtaining debt should not be an issue. Maybe the off take is taking longer because of the environment we are in. Or maybe the dilution part iqs still being negotiated.
Like I said this should have all been wrapped up 3 months ago...looks to me Nick B had his divorce on his mind which has been annoyingly sidetracked with the task in hand I.e doing his job , looking after the Co balance sheets and it’s shareholders.

Forgot to add BFS will be nearer to the end of this year if all goes to plan

T2B

I hold , I am just saying there was nothing new
Crux interview was very good indeed

The BFS will wake this up

Disappointing really .
Nothing new and CRUX interview was much better
Getting Co out as suggested by CRUX

Hello Redroy , hope you are keeping well as others too

Bearing in mind the COVID-19 .
As lack of news update , I begin to feel a little cynical about recent events .
Crux interview was very positive and interviewer suggested Co needs to highlight
Itself more to get the story out , but we have seen nothing
At the beginning of the interview there was this excitement of being listed in Kaz, then
That has been delisted a month later . Then we hear CEO wanted to place some of shares to pay of his
Divorced settlement . But no one interested in 30 odd million shares in this environment .
Now I can understand he needs to do this but it is going on the same time the Co needs to raise money
to pay for the power line , increase in production and completion of BFS .
Unless he has no intention of going to the market for cash , then that is fine , otherwise his timing
Could not be worse .
Thankfully that is on hold and only news flow that justifies
His optimism heard in the Crux interview will increase the share price plus some
Positive channel , like an off take will do this .
Interestingly he alluded to the selling that brought the price down was end of life
shareholders , divorces etc , so has he been selling ? But not notify able.?
The $1.5 for the power line , I thought is due in April as this is when it is expected to be completed
And then volume ramp should start . But did say funding wool be some time in Q2

Morning Redroy
Agree with that and good points
Our low cost is the advantage

I have added 30k today . Hopefully this is bottom now . Would have been nice to have got these sub 10p
But still happy with that

I read this excerpt on vanadiumprice.comIt may explain why vanadium needs to cheap for VRFB to be preferred metal source .and why our CEO was not bullish on vanadium demand for VRFBsAlternatives are being developed, whether successful is another matter. For now stainless steel is driver .
While the market is currently under the hegemony of the Li-ion battery technology, the forecast developed by IDTechEx shows the begin of the Li-ion battery decline in the energy storage sector, in favour of the largely available Vanadium redox flow battery (VRFB), besides others.VRFBs are one of the most studied technologies, thanks to the worked performed by scientist of the calibre of Maria Skillas-Kazacos and Jens Noack (to mention a few) over the last 40 years.Because of the high vanadium electrolyte cost ($25/kg), and other technical limits, other flow batteries chemistry, like All-iron, Organic, Zinc/Bromine, and Hydrogen/Bromine, are promising to be present on the market in the next future.

Hi Redroy
Probably right .. about 50% of his holding at current price would have covered the payment .
I reckon buyers probably wanted it for Jess than what CFO was willing to pay

Morning Redroy
Yes that is a good point .
With potential fund requirements , I imagine the market must have known that this transaction
Was in the background . Certainly would not help getting a high strike price for any potential part
Dilution if required .
The lock-in will certainly help . Once this is out of the way and can prove the Co is on track to meet
It’s targets as the presentation , he should be able to sell these higher as there maybe demand for them .
Only downside is no one needs to come to the open market which can drive the price up knowing there are 64m ready to be placed . Shareholder may all want a slice of it , just need it to be placed higher price . News will drive that value

Call me cynical , but looks to me Chief is trying to sell his shares instead raise funds

64m shares !

Hi Redroy CNnot make this up . Does not bode well to part financing Co either if cannot Place shares Read the RNS Ferro-Alloy Resources LimitedDirector'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. £3.3 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.

Hi Redroy,
Looks like just you and me holding.
What is your view on the KAZ listing.
Listed on the exchange there in Jan 8th and then delisted in February 21st..very odd

You not read their RNS today?

Given the continued uncertainty on the potential impact and duration of COVID-19, it is still not possible to give accurate profit guidance for the full year 2020.

The Group has strong liquidity with cash, cash equivalents and interest-bearing deposits of EUR7.35 billion as at 12 March. In addition, undrawn general and committed aircraft backed financing facilities amount to EUR1.9 billion, resulting in total liquidity of EUR9.3 billion.

Willie Walsh, IAG's chief executive, said: "We have seen a substantial decline in bookings across our airlines and global network over the past few weeks and we expect demand to remain weak until well into the summer. We are therefore making significant reductions to our flying schedules. We will continue to monitor demand levels and we have the flexibility to make further cuts if necessary. We are also taking actions to reduce operating expenses and improve cash flow at each of our airlines. IAG is resilient with a strong balance sheet and substantial cash liquidity."

In light of the exceptional circumstances facing the aviation industry due to COVID-19, and in particular the developing situation in Spain, it has been decided that Luis Gallego will continue in his role as Iberia chief executive for the next few months to lead the response in Spain. In the meantime, Willie Walsh will continue to act as Group chief executive and Javier Sanchez will remain in place as Vueling chief executive.

Antonio Vázquez, IAG's chairman, said: "As we respond to COVID-19, Willie, Luis and the board of IAG have decided that management stability across the Group should be a priority in the near term. We are grateful that Willie has agreed to delay his retirement for a short period at this challenging time."

Good evening,
That is a very interesting article..I have pinched it for another BB.
If this materializes, it sounds very promising.
Recovery sooner rather than later would be a pleasant surprise

Hi Redroy

Well market finally caught here too. You cannot been sentiment sometimes
This is a n unprecedented scenario .
Vanadium prices holding up well considering
It was said producers tend to stay in production even through downturns
Especially here as this has a lower cost curve price
Just hope financing terms are not too impacted by the environment
Waiting very patiently for a RNS

Hello Redroy

No volume though
Small 8k knocked the bid just now

Bloodbath in markets

Tomorrow looks to be worse and continue

Get weird quotes here

Most resilient stock on the market last 2 weeks

That will be the kiss of death