Member Info for LuckyLuciano

..another interesting thing is that from this Proactiveinvestors link the bit about
" Nevertheless, the impact on revenues and earnings will be significant in the context of the current processing operation. "
has been completely cut out.
I have to remember this next time I read articles from PROACTIVE..

Indeed Hazbeen, assuming this is the case what is more worryingly is that production was starting to rise dramatically and now, for the same issues/problems that have been present all these years, production will be affected significantly.
Significantly is a bid word in my dictionary, is this decrease going to erase recent increases and more?
You see this rns is bringing more doubt that more certainties..
What caused production to increase as from earlier rns that now can not be sustained? electricity and covid have always been a factor.

Could be interpreted in both ways, been significant in a positive way to revenue due to the sale of by-product, or been significant in a negative way due to power and covid disruption.
Technically/grammatically (and I am no English language professor) I interpret it as negative.
More over I am questioning the need to come up with something negative in the middle of a potentially positive rns.
I am more with Hazbeen on this hence selling with regret as the potential here is huge, but I am starting to wonder if there is something behind that I don't know.

Hi Far1 you’re welcome.
Couldn’t reply earlier because I have been banned from posting on LSE for a couple of days.
Lol…long story that will briefly explain later.
My post/research is all available on FAR web side RNS, so no hard work there.
Great find with your post/links, thank you.
So, it seems something is moving also at diplomatic levels, this for FAR is very positive. I am quite excited by this paragraph from your link ========
The development of the Bala-Sauskandyk large vanadium deposit field in the Kyzylorda Region in southern Kazakhstan was the focus of the meeting with Ferro-Alloy Resources.
…One of the reasons I invested in this company is the BoD management style.
Let me explain if this was another company/miner, this information would have been pumped up as if there is no tomorrow all over company RND press, probably even weeks before it would happen. I am fed-up of losing money following the rns trail, many Company executives are very skilled in public relations and I (rightly or wrongly) have taken a contrarian view on this matter.
The fact that FAR hasn’t even bothered to publicise this information/event, show me the confidence they have in what they are doing with their operations and I like it.
I am trying to refrain from ramping up FAR after this news.
On the California Energy Commission story, is all very well it bodes well for the renewable narrative.
I am aware that the company mentioned in your link (Invinity Energy Systhems) is linked to Bushveld Minerals Res.
I have been banned from posting on London South East BMN investor’s room, because I found myself entangled in an unpleasant posts exchange, with most people over there. It all happened because some invested in BMN had the audacity to come to this board, to advertise their investments in BMN. I am not claiming that this is not allowed but at best, shows how much confidence some people have in their investment decisions, at worst is simply crawling behaviour.
I was trying to leave Bushveld out of my interest but it seems popping up all the times, so to answer to your question here is my take……Well let’s start with the fact that the contract and funding awarded by the CEC to Invinity doesn’t carry any numbers/value. BMN has 8% investment interests in Invinity. So awarded how much? If you read the Invinity company rns on this award you get the same…no information on money involved. Do you get where I am going with this? So, one investor is left with guess work, or as to invest blindly in a story, the renewable story.
Funny enough as I type a new alert from Forbes popped up on my phone.
Is about CEC funding for vanadium energy battery storage, from the link that you posted Tra1.
…. Right so it appears that the funding was $20 million to be shared between 8 projects, 4 of which are from Invinity in collaboration with 4 other partners. So, if I got this right 5 entity including Invinity to share let say half of a $20 million cake. There you have it. An

Hazbeen for one I have to partially agree with you.
The wording of late RNS is a bit ambiguous. I say partially because it is down to interpretation and here hopefully someone can bring more unbiased contributions.
The RNS says:
...... Some interruptions to production in the next few months are expected due to on-going Covid-19 restrictions and until the new connection to the adjacent high-voltage power line is made, expected in Spring of 2021, which is expected to significantly reduce down-time caused by power outages and instability. Nevertheless, the impact on revenues and earnings will be significant in the context of the current processing operation.
=========================
Now the significant impact on revenue could be interpreted been caused by the new additional sale of calcium molybdate.
It is stated that the Company now has the option to source molybdenum-bearing raw-materials with molybdenum is the primary metal where it is more profitable to do so. But also it could be interpreted in a negative way, there fore been caused by problems with covid and electricity, in which case is very bad.
Until this is cleared I am out am afraid. I still believe in the potential of this company but if the latest news is really designed to soften some negative, it would damage the integrity of BoD and for me is more important than fundamentals.

This is ramping you have been warned:
https://www.youtube.com/watch?v=3D-iKAXidRs
The above is a YouTube presentation of 3 days ago from FAR CEO
AT China Mining Club.
I have to apologise for my previous calculation on Phase 1 profitability for the Balasausqandiq project too conservative. According to Nick Bridgen Phase on will bring $100 million profit.
He is including also the revenue coming from mining the by-product, something that I thought would happens only in phase 2.
More Info:
https://link.springer.com/article/10.1007/s11015-020-00968-z
Key points metallurgy different from other deposit and therefore cheaper to produce.
But something that I didn’t know is the vanadium content is 8 to 10 times greater than the ore of Russia or SA, some of the biggest producers of V.
On today RNS
Great news everything is coming in to place, covid 19 won’t be with us for long and by next year with the Bankable Feasibility study and power connection, FAR will be set up ready to be financed for the mining project.
Wow $100 million profit per year, even much less would command a share price multiple of today price.

Right I rest my case good luck people honestly hope you make millions out of your trading/investing .
Before I leave please allow me one last drivel
China net importer:
Its my understanding (and this without google it) that a net importer is a country that after using all its internal production/resources has to buy staff from abroad.
Already the fact that none of you had the honesty to correct this totally false statement of China been a net importer is beyond my believe, I can understand that some in here are ramping this share to infinity, I can see that from the many copy/paste and links posted. But where are the comments on this false claim from the one in the know from this board?
Chine net importer my ars.
Anyway one last thing b4 I leave, my apologies for been insensitive when few days ago I shouted that I made from BMN 25% profit in 3 days and sold. It is not my style but I suppose is to late, so sorry that was out of place. I understand that some here are invested at much higher price and seating on a loss (something that at the time of my showing off statement didn't cross my mind). Well at least I am not shorting eider this share so the accusation to deramp are a waste of time at best.
Yes I know sometime I too lowered my standard to some people levels in here, have to do better next time....
I came to this board initially because some rampers from here, went to FAR board deliberately trying to lure investor from there to here. Something that I don't particularly fear from the investment point of view, but that I consider very shameful and vile. Well at least I leave in the knowledge that for my 3 days research on BMN, I gave some little contribution to this board acknowledgement, or at least I tried.
Good luck

Balasausqandiq Project
The Balasausqandiq deposit is a large mineral deposit, expected to contain over 100 million
tonnes of resource, containing vanadium as the principal product together with by-products,
carbon, molybdenum, uranium, rare earth metals, potassium, and aluminium (the last two
of which can be extracted as Potassium Alum and further processed into fertilizers).
The geological resource has progressively been delineated in a number of exploration
phases since its discovery in 1940 by Soviet era geo-scientists. More recently, FAR has
carried out further exploration drilling, trial open-pit mining operations, and pilot plant
optimisation studies using alternate metallurgical and mineral process treatment
technologies. A full feasibility study in accordance with local Kazakhstan requirements has
been completed and the resource estimate has been prepared on both the locally required
GKZ basis and on the Western JORC basis.
The resource is divided into five ore bodies, although only the first has been explored
sufficiently, and sufficient records remain, to put it into the resource category under the
JORC 2012 system of classification. This single ore-body is estimated to contain 24.3 million
tonnes which, with normal mining dilution, is sufficient for the first eight years of
operations. Ore-bodies 2 – 5 have been classified in the JORC 2012 system in the category of
Exploration Targets and although further exploration is required to bring these into JORC
resource categories, a total Vanadium JORC resource of over 100 million tonnes is
considered to be a rational prediction by the consulting geologists in the Competent
Person’s Report. 100 million tonnes could contain the equivalent of around 670,000 tonnes
of Vanadium Pentoxide, equal to almost five times the annual world production of 2017.
A reserve on the JORC 2012 basis has been estimated only for ore-body number 1 (“OB1”)
which amounts to 23 million tonnes, not including the small amounts of near-surface
oxidised material which is in the Inferred resource category. On the GKZ basis, the Reserves
are estimated to be over 70m tonnes, sufficient for 20 years’ production at the currently
planned rates of production.

tradeemup
I couldn't agree more with you. The geographical aspect is something I haven't particularly considered, maybe because when FAR will produce vanadium so cheaply, it will be able to sell it even to countries at the other side of the world.
Been burned before with wild statement from CEO I have done a little research on FAR, particularly on the claim that BALASAUSQANDIQ DEPOSIT is different from other vanadium deposit in its metallurgic composition and therefore cheaper to mine. I know already that mining in Kazakhstan is cheaper under other aspects, been currency, labour cost ect. but the type of mineral is a cherry on the cake sort of speak.
Have come across the company Prospectus when floated on the London market
http://www.ferro-alloy.com/en/investors/presentations-other/Prospectus%2022%20March%202019.pdf
Not that I had to search everywhere it is among company RNS dated 25th March 2019.
Anyway below a copy and paste on the Bala deposit, its reassuring that exploration has been carried out also to international JORC standard, it should bode well for coming BFS.
---------------------------------------------------------------------------

Again sorry have to make a correction...
https://www.renewableenergyworld.com/2020/02/28/global-energy-storage-market-could-grow-to-546b-says-analyst/#gref

Market not growing but is forecasted to grow....(there is a difference)
Also :
The report also indicates that the commercialization of five new technologies could also drive growth: battery recycling, electric aviation, flow batteries, thin-film batteries, and solid-state battery improvements.
===
5 battery technologies not only flow
Also:
expected to grow by 2035 makes it 15 years not ten.
...you are welcomed

mogwhy
Great point finally someone that has a balance view and the courage to speak what he see.
I tried before to start a conversation on China and geopolitics....but was rudely welcomed.
You point on China wanting to develop its natural resources is very much valid, I don't buy Alfacomp statement that China is a net importer, please Alfacomp can you provide any link/detailed info?

Many people write many things and everyone has his/her point of view,
but in the end you got to look at vanadium prices, because if you believe in a free market that is the only indicator to look at, not rumours and noise.
It bodes well if vanadium start to be embraced by the green revolution for many reasons and not just economical, but all this enthusiasm without looking at numbers and indicators (or al least without even wanting to talk about ) is dangerous for your wallet.
For example I read that Eskom is bankrupt and that the SA energy minister is a Coal fanatic. How is going to happen that he will embrace a green energy project which is more expensive than coal, if Eskom can't repay its massive debt? More over and more importantly coal in South Africa employ hundreds of thousand of people, do you understand the political consequences ?
Not deramping just to say that Eskom contract is not a sure thing at all.
But back to vanadium price (is strange that in this board so few people talk about this, if any at all)
China is a net importer everyone want vanadium and prices are at historical low, please explain ......

Pdub
first of all I am sorry for your illness hope you will make a quick recovery, be positive and believe in life.
It surely was not my intention to take so much of you time away with these trivial matters, especially for you right now.
I will be honest with you, I have read you first post from this tread as prelude for all the detailed explanation that would follow (6 more posts) regarding why my 19.15 post was wrong. My intention were genuine and my brain switched on full tilt, eager to learn something new from you. You can imagine the disappointment when I started to read that I am an ignorant that I should shut up and all that.....what else could I do but stop reading and think to my self "life is too short".

No worries though surely someone else has read your 6/7 posts and you definitely have made you point, I think?!
By the way, if you would ask me if I am an ignorant, my answer would be yes I am!

I

No need to thank me MR.Spacetomato, I am trying to protect also my interest, but anyway you are welcome.
I too see investors board as the opportunity for investors to get together to exchange opinions and share ideas. The best one can do before believe anything is to ask evidence links etc.

Welcome on board it seems the right approach, In the end is all to do with risk reward in investments.
Hope no need for averaging down as 8p proved quite a support and sellers are clearing, but nobody can predict for sure the future. (I think?!)

Thank but don't bother GKahn
I have searched that info.. including the failed attempt to float on the Kaz stock market.
No doubt timing for this company has been the most unfortunate with the collapse of vanadium price .

To conclude:
I understand where you come from Hazbeen with your questions even if I am not so sure about your motivations.
You seems to know about this company more that anyone else on here and yet keep asking questions. The few answers you give are in tone semi-sarcastic of someone that had a dream and now doesn't believe in it anymore.
Ask you self is really genuine curiosity what push you to keep been so negative? Because your hints of negativity rather that been explicit, your doubt rather than certainty on how crap is this company, makes people think that underneath you are envious for other to have this opportunity to enter at this cheap share price. Hope no offence.
In the end when buy and selling shares the share price if as fundamental as the validity of a company project or operations. You admit yourself that you are not very comfortable with numbers, that is a honest and courageous admission and I respect that a lot....the reality though is that numbers and calculation are also if not more important than dreams and ideals, in the world of share dealing. Maybe it is not for you? I would rather sell and go away that be on this board and be confused for one that is envy at someone else opportunity.
Finally on this company.
Yes there as been delays and possibly the company has overestimated plans how knows?
For sure a collapse of vanadium prices and covid19 are not excuses, I like to take things a face value and on the other end see production increasing, potential vanadium price going up (been at historical lows and given the interest in this space)
and finally a light at the end of the tunnel with catalyst news flow on BFS, power grid connection and other. More over today FAR share price is half of what it was in 2019 when vanadium price was at same levels, and this possibly is due to Citadell unloading shares. Once they are out this should double just on a technical merit. Sorry the final ramping.

Right will answer one last time to your questions Hazbeen for the benefit of those potential investor :
You ask:
1) Is there a need for anymore cash needed before March 2021? or even at all until BALA financing?
My answer:
Introduction.
Anyone with a bit of integrity can not answer with certainty your question, you know that and this is why you ask this. You games is to create doubt either to have someone to chat with on this board (may be is the covid lock down) or because as you are seating on a huge loss you take pleasure/envy that other here may make lots of money when you are still a looser.
To name a few factors that make it difficult to give a honest answer, the price of vanadium could halve or double tomorrow and we could all be put back in lock down due to covid19. But if you like a quick answer is.....
Answer.
Of course mate?! ..What did you think that operation, Feasibility study, Pilot plan, Power grid connection all come for free?
The company said after the last share issuing that going forward, all will be financed by current operations and more over production is increasing, which for me is already a positive answer.
By the way I suggest you stop pestering the company Ceo with this kind of questions and let them work please, unless you do this in purpose, for then prove the point on this board that works are delayed. Hopefully my answer will do.
You ask:
2) When will the pilot plant be expected to production ready to to produce 1500t/year
Anwer.
Again who knows for sure...Read any other company news out there. No company gives exact dates and dead lines, about projects and operations. As said before there are many factors that can't be predicted, you can interpret this as you wish, but this is the name of the game. Especially these days covid etc and in this sector (the vanadium space) your questions are very much misplaced.
Indications from the company are again that this will definitely happen sooner rather than latter, there have been some delays due to covid and the inability to travel for technicians and engineers to finish the job, including I think a piece of equipment that was not fitting properly. The Ceo has been very honest about operations there are some YouTube videos on Crux of the matter with interview, for anyone looking for more detailed info.
3) when is the BFS due for completion for phase I
A from info available (noting is hided from this company)
Couse covid19 a delay as occurred due to some geological materials not been able to be sent out of Kazakhstan .

..by the way Tra1
Pl how do you filter a poster?

That it I had it Hazbeen
Many people here asked for information and proves of your negativity, but all you are doing is to fabricate false information.
You have accused this Company CEO not to be up to the job, without any any concrete fact never mine any prove.
On this matter I will inform the company and also London South East ...lets see where this is going.
For any new/potential investor I suggest to read carefully Hazbeen answers given, to many to this board posters, before naively believe the negativity of this impostor. He/she claims to be invested in here but nobody invested in a company would be so negative of the very stock is invested...at lest not before doing a decent research ad have some detailed proofs in support .
I suggest to all to block his posts from the start, in stead of do like me that has already spent many hours in trying to address what I though were genuine questions.

GKahn right thanks..
My records on FAR sp info. goes only back to 2019 it would be interesting to know if Citedel by selling are making or loosing money.
My speculations are on the loosing theory, which would bode well for FAR prospects.
In any case it is positive to know that the seller is Citadel and not those that have bought recent share issuing from the company.....as someone on this board was suggesting, again without any credible proofs.