Member Info for headder

The Directors seemingly allowed Brown to continue to 'run' the company while his visa was suspended.

https://saharareporters.com/2023/04/24/seplat-director-resigns-board-amid-scandal-issues-nigerian-immigration-service

Total subversion attempt.

2 extra placings to build a plant, that, and an investor base that has lost confidence in the, behind the scenes, management to deliver the main project without, even further, substantial dilution which the plant was (ironically) built to avoid. Vanadium price is o.k. Not sure about doldrums, progress is still being made & we have been promised a favorable wind here, but operations which don't produce free cashflow and with needs of financing in the current rate environment are generally seen as un investable, or trading vehicles.
Seeing as we are in a global interest rate raising cycle which moves the cost of capital considerably higher, where risky ventures are less likely to get funding and a demand destructive recession is likely next (why commodity dependant nations are constricting supply), you have to ask yourself why you would invest in a pre-fesability company which wants to mine a commodity not in short supply and which is highly cyclical with economic booms and busts.

Good to see a rise in volume this past Month but for nothing more than to lead to a lower high will require NB to deliver on his promises.
1. Profitability of current plant and no supply/ sales constraints, hopefully @ 7M$fcf,
2. Updated mineral reserves showing long mine life which can be used for reserves based lending of phase 1,
3. Offtake agreement for the carbon black
4. feasability study confirming capex requirements and opex costs.
5. (for things to really take off) Lower interest rates and the loosening of lending standards prior to financing.
For me no.1 is most important and has me considering Nicks credibility into question given it's performance.

His name is LOK, read the link!
https://www.livescience.com/pyrite-real-gold.html
So, which pumper/s on here are ben turney & which are the real ones? Ben is the mining ceo version of jim carey in dumb & dumber don't you know.
Your welcome.

Look how narrow the spread has been. This is a good sign as it suggests MM's see little risk in taking your shares.

Well it's the second week of April, so the ob1 updated resource is due. Will it be out in the next 3 days or will it be later than the back end of the forecast and by how much.

True value, hmmm. You are basically speculating on investing in a land package, like say canary wharf in the 80's? before it becomes a big financial hub that people want to develop and will pay dearly for. True value, not what we would like to see, with share flipper financing @ 7p, low volume and trading@11p for months now, you kind of get accustomed to seeing this as fair value here. Moody with his easy salary plus share options likely in the pipeline is nothing substantial in the grand scheme here, its either no fid & a payout, FID & no/dilution or the fate of argos resources. A £250M payment to eliminate doubt of dilution and fid with navitas, at fid should be about 1/3 of npv & 80p but as for right now you have to discount the risks. 600M$ @ FID w/50% chance of 200M$ dilution @ 11p + 50% chance of no FID 2024 but 2025 at DCF 25% should be 25p today but look above......

Patience needed for the buyback to soak up the selling then I guess. Putting in a limit order @ 41p for a final top up, if it hits, happy days. It's only us pi's buying now anyway......

He thinks the end of month results where the bond repayments & announcement of shareholder returns should add 50p to the share price but with banks now more reluctant to lend and interest rates possibly rising further then a 40p sp rise is the maximum.
Seems a bit too bullish to me and I expect that the results will just provide lubrication for those who fear their heads stuck in the railings to get out, which if you read between the lines of the drunkards ramble, that's where the lingering sentiment is at.......

Glad the share buybacks aren't far off. Brent sentiment has hit 10!

I'm just hopeful of an RNS in the next 4 weeks of the updated resource having confirmation of profitability & supplies at the plant.

New presentation coming out too, definatly something in about SL as was in the last few. Probably some form of reiteration as you can't add an npv if you don't have a forecast production..... Hopefully shenandoah is coming along in budget and on time for us all.

Maybe everyone read the broker note which valued the plant @ 5p, stating 4M$ earnings & got spooked as Bridgen reckons it can produce 8M$. You'd think, being the company broker they would both be aligned.
One day we will all be supprised because the company is self funding, it's just nobody knows when that is or how much.

UK budget is proposed to fund Ukranian arms over the next 2 years @ 5£Bn a year, implying the govt expects the war to last that long. Get used to there being hostilities in East Ukraine, this time last year Russia was making fast progress and now has been holding a line for Months, probably in the hope that Europe will want to pressure a deal when the gas runs out next winter.

Been some big trades recently if you look on the london stock exchange website for FAR, looks like a fund is pulling out. I've already filled my boots & need 15p to sell to break even. Holding on as I believe in the project, it's a bit rough but with the extra warrants & subscription shares etc. I think 30p should be reached after phase 1 financing but calculated for 100M$ and think this could be next year.....
On reflection I was way too early and not expecting the second placing. Think the markets could go a lot lower without a rate cut from the fed, pulling FAR down more, so am hanging on to my hat. £1.5M in value lost because someone wanted to sell 10K£ is a joke but that's what happens with low liquidity.

Ditto, silverfoil. My investment is in multiples of the share price, so for every penny it changes 1k. Did it @ 14p, currently just 10% in the hole. Navitas has been going on a run this week too & I don't know why..... Shekel is 10% down against USD atm with possible US recession on the horizon while Israelis are out protesting against a government about to make itself above the law, so could just be international currency buffs in for a trade on certain tase listings IDK. Down about 15% on nvpt all in all, been waiting for a pullback to add some wages. 2026 seems a bit optimistic though in my view, everybody quotes optimistic targets well in advance because it looks better for investors. How good would it sound if it was officially an 'outside chance of 2026 but more likely 2027'? Adds more doubt doesn't it. Even Shennandoah will be around a year late......

Call me paranoid but looking @ m-dealers posts, prior to claiming to be in the Falklands seemed to be talking down the sp. One comes to the conclusion that he must have sold some time previously at higher levels, Cooley bought back prior to the meeting and using addages to others references to the FI gov itinerary website meetings to try to drive the shares higher in anticipation of the real catalyst, stay of enforcement hearing, to limit his downside if the stay is granted. With a name like market dealer, seems like a low risk/ high reward type scenario. Cunning. Downside risk of 0.5p spread with possible rsi 70+ bag potential?? Could be his trade of the year prior to buying back an rsi of 20 later on.......

I'm sure everybody reads it but here's the link;
https://seekingalpha.com/article/4582795-vanadium-miners-news-february-2023
Notes FAR's grant funding for vrfb's this month. If anyone knows glencore's cash cost as well as AMG's that would be greatly appreciated.

Feb 28th 16:30 2.5M share dump @ 9.75. Anyone know how to see an up to date share register? Simply wall street's is from last year....

Remember the market cap in 2021 when it was 10p? If Bridgen is to be believed, currently we are around fair value for the current plant with nothing to add for balusa. Can only go one way from here, if we are trading 10p after financing (when should be 1/3 dcf npv) phase1 I will be shaking my fist!
What would you sell for today at this bombed out price? Silver/gold stocks? Chinese adrs?? cocaine dealing hookers??? Seems someone has a bunch to offload......