Member Info for MR.Spacetomato

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joint the gaps above

Iceman, I too believe 100p is quite possible this year with the necessary funds in place and the infrastructure finish to start producing and the chairman said he doesn't want to waste time in getting on the road quickly. This will attract serious investment as many have pointed out here.

Well done with your early buys. I am gutted I had also lots of share at 10p but sold to chase other stocks..to my detriment. Now, I am here for the long run.

Good luck guys.

Yes they are , as you pointed out. That's is a cracking deal.

Iceman: " Would Sir Mick sell below 78p"?

Iceman, isn't VBR agreeing to buy shares at 78p in the terms with FAR as per RNS? :0)

Iceman, I would be delighted, but he's not answering on his private mobile..he's been on the phone all morning I guess. I will leave a message on your behalf mate. ;0)

Thank you lads! after 35 attempts..got my shares. 27.6p

20 attempts and still not able..this is ridiculous. Can some of you short termers please sell some?

Most obliged and thanks in advance.

BArclays stock brokers not letting me buy a meager 2.250 quid!!!

Iceman, Is it my screen or was there a drop at 14:00 to 23p to trigger stop losses?

kidsandcastles, damn..I had told the wife you might have bought at 23p and was making a killing already. I too have been researching for the same thing, a company in the making and FAR seems to be it. Soon we will have a crack team joining to help our CEO make this pearl into a big mining company. I am desperate to get some extra funds I hope to get from a claim I in place to add more here. I took a massive loss with BPC and hope to make it back and more here. I got two hearts at the moment as I was hoping to get in at a lower price by then, but it is looking hard. Anyway, I wish you good luck with your investment and welcome on board.

st

Kiddo, I mean.

Hiddo, what price did you get?

Nice one iceman888 . But I expect to see VBR having to pay 78p per share soon. :0)

:o).. yes.. sorry, fat fingers on my small phone. I can't wait for the RNS about our new chairman getting his seat!!

Can wait for the RNS saying he is the chairman.

The material was taken from here:

https://www.***************************/ferro-alloy-resources-subscription-agreement-for-up-to-us12.6m-with-vision-blue-resources/412968496

kidsandcastles, I have added below some of the highlights on the terms that may illuminate you on your question:
Highlights

- Total funding package of up to US$ 12.6m (at subscription price of 9 pence per share)
- An initial investment in two stages of up to US$ 3.1m by VBR(Sir Mick Davis, and the Co-Investors including Tony Trahar, former CEO of Anglo American plc)
- Further investment rights granted to VBR of up to US$9.5m at 9p.
- Transaction structure provides a pathway to VBR to acquire 21.29% of FAR for U$11.5m of the total funding package.
- Proceeds of the total funding package will be used to:
Complete the expansion of the existing, cash-flow generating, processing facilities
Complete the Bankable Feasibility Study (“FS”) on the Company’s large scale, low cost Balasausqandiq Vanadium Project.

- Establishment of a strategic relationship with VBR through:
Additional future investment rights tied to construction milestones at the Balausa Project of up to US$30m at higher share prices.
Sir Mick Davis to be appointed Chairman of the Board
Offtake rights granted to VBR, upon VBR’s and the Co-Investors’ investment totalling in aggregate at least US$10.0m, to purchase up to 25% of all vanadium bearing materials produced annually by the Group at market prices.
Conditional right for VBR to make further Board Non-Executive Director appointments
An agreement and joint initiative to recruit additional members to the management team to ensure that the necessary skills and leadership are in place to take the Balausa Project into production.

So, as you can see, we are heading in the right direction. They have now set the wheel in motion to make FAR and top mining company. I want to look back at these days with a smile in my face. But DYOR and read a lot on the company and who will be joining the board in the coming weeks. See their track record. There are alot of mining companies on the LSE that would give their right arm to have Sir Mick and Co on their board, but they don't have that pleasure, we do.

ST

kidsandcastles, the shares you are talking about are shares that VBR will hold as a major shareholder, as I understand it their interest is to own part of the company and not to trade it, but that how I see it. And they have an option to increase their holding later at what I trust is at market prices. Sure, they can do what they want in the end, if they want to trade.

Hazbeen, you may see a tiny weeny gap there if you stretch you chart massively; yet it is a miniscule gap and if you take there two factors in place here, the buy volume at the time the gap should be perceptible, which is not, and the drop here has definitely filled it at least 5 times over. Again, buyer in the background with a set price. As someone said earlier, there are people with deep pockets keeping an eye on what Sir Mick Davis is doing.