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It does feel like we have become a traders playground and yesterday really didn’t help in that regard.
Looking forward to a more positive tone from Fortune at the Crux interview, but as a LTH I am more than happy with the progress of the company and am 100% behind Fortune and the BOD.
It’s in no way blind belief, everything is slowly coming together and just one major piece of news will turn this completely around.
Massive thank you to BBN for his Q1 results interpretation, really appreciate you taking the time to post on here.
GLA
I believe Dave had $10 million for Q1, so that’s $40 million for the full year at current vanadium prices. Personally I can’t see Vanadium prices not moving substantially north from here and would expect a minimum of $60 million this year just for Vanadium sales. Every $1 rise on the current price is an extra $4 million profit, so that $60 million is Uber cautious.
Those FAR shares have been being sold for days, the whole thing looks orchestrated to me. Don’t buy for a minute that they have placed them overnight and out of hours, and it should be called a Director sell not a placement.
They have been researching vanadium for years, if this was a viable vanadium investment then they would be investing. The BFS will show if this mine can make money, but Directors looking at offloading an additional 6 million shares (on top of the divorce money) doesn’t speak to a company that will be worth a lot more in a few months. Don’t just listen to the rampers on here, DYOR.
I have just watched the VSA interview for FAR with Sir Mick, very bullish on VRFB’s and the vanadium space. Sounded like Fortune in interviews from years ago, worth a watch if you have time. What I took away from it was that Sir Mick would love to be in the position that we are in now. With competition stepping up, it’s not always a good thing to lay all cards out on the table.
Last year was was hard for most companies but we have weathered the storm and come out the other side in a stronger position than most.
This year looks very profitable already and that’s whilst upgrading the plants and countries still getting back up to normal vanadium usage. In my opinion we will also see vanadium prices rising a lot more this year and it feels much less like the short term spike we enjoyed in 2018.
Then next year we could easily see 6000 tonnes of produced vanadium with a dramatically reduced production cost and a very healthy vanadium price. If that’s not enough then we also have everything on the battery side and Lemur which will come (and come big) when they are ready.
I am really excited and don’t understand how anyone could take the glass is half empty on this one. But each to their own, the market will wake up because the disconnect between this companies value and it’s share price is quite frankly ludicrous.
A very polite two fingers up to anyone daft enough to be shorting this share.
GLA