Member Info for MR.Spacetomato

STRONG CASE FOR VANADIUM
Meanwhile, in a separate announcement, VBR announced an investment of $11.5-million in LSE-listed Ferro-Alloy Resources (FAR), which is developing the Balasausqandiq vanadium project, in Kazakhstan.

This is the second investment that VBR has made since its launch last month – the first being a $29.5-million investment in the Molo graphite project, owned by TSX-listed NextSource, in Madagascar.

“The strong investment case for vanadium is clear not only from a steel demand perspective, but even more when considering the huge potential for vanadium redox batteries to play an integral role in the establishment of reliable ‘baseload’ renewable energy, capable of reducing the world’s reliance on fossil fuels,” said Davis.

“The Balausa project is especially attractive in this respect given its production cost profile and the team’s conservative long term price assumptions.”

FAR believes that the Balausa project could support an operation of up to 10-million tons a year of ore, producing about 55 000 t/y of vanadium pentoxide.

VBR would make an initial investment of up to $3.1-million alongside a limited number of co-investors, including Tony Trahar, former CEO of Anglo American and a former director of Highveld Steel and Vanadium – which was at one point in time the largest producer of vanadium in the world.

The initial investment would be made in two stages, following which VBR had the right to make a further investment of up to $9.5-million.

The investment forms the majority of a $12.6-million funding package to be used for the completion of a bankable feasibility study on the Balausa project.

Davis would be appointed chairperson of the FAR board on the completion of the initial investment, succeeding Chris Thomas.

"STRONG CASE FOR VANADIUM

Meanwhile, in a separate announcement, VBR announced an investment of $11.5-million in LSE-listed Ferro-Alloy Resources (FAR), which is developing the Balasausqandiq vanadium project, in Kazakhstan.

This is the second investment that VBR has made since its launch last month – the first being a $29.5-million investment in the Molo graphite project, owned by TSX-listed NextSource, in Madagascar.

“The strong investment case for vanadium is clear not only from a steel demand perspective, but even more when considering the huge potential for vanadium redox batteries to play an integral role in the establishment of reliable ‘baseload’ renewable energy, capable of reducing the world’s reliance on fossil fuels,” said Davis.

“The Balausa project is especially attractive in this respect given its production cost profile and the team’s conservative long term price assumptions.”

FAR believes that the Balausa project could support an operation of up to 10-million tons a year of ore, producing about 55 000 t/y of vanadium pentoxide.

VBR would make an initial investment of up to $3.1-million alongside a limited number of co-investors, including Tony Trahar, former CEO of Anglo American and a former director of Highveld Steel and Vanadium – which was at one point in time the largest producer of vanadium in the world.

The initial investment would be made in two stages, following which VBR had the right to make a further investment of up to $9.5-million.

The investment forms the majority of a $12.6-million funding package to be used for the completion of a bankable feasibility study on the Balausa project.

Davis would be appointed chairperson of the FAR board on the completion of the initial investment, succeeding Chris Thomas."

I don't think anyone can underestimate the significance of Sir Davis on the board of FAR means. That's my reason to buy this Vanadium rich jewel.

DAmn, bought more for the wife in her ISA from funds coming from her sale of Cine.

I trust we will do well. :0)

What made me return for the long run was this piece on the news:

"VANADIUM MINER SOARS ON DAVIS INVESTMENT

One investment he has already agreed, separate to the SPAC deal, has been to put up to $12.6 million into small cap UK-listed vanadium miner Ferro Alloy Resources (FAR), in a deal which will see Davis join the company’s board as chairman.

Shares in the firm soared over 34% to 14.11p following the news, with Davis hailing its ‘compelling’ investment case, ‘attractive risk profile’ and the ‘many qualities that are difficult to find in other mining investment opportunities’.

With operations based in Kazakhstan, Ferro Alloy has two main business activities: an existing vanadium concentrating plant and, seen as the firm’s jewel in the crown, its Balausa vanadium deposit in southern Kazakhstan which it hopes will turn it into the lowest cost producer of vanadium globally".

Good morning all. After having sold at lows... :o( I returned today. Bought all in in this great opportunity. Good luck all long termers and well done for being patient.

HeresHopin, one thing for certain, as far as I am concerned, anyone trying it with me is free to troll I'm my filter list.

Brynjon, look at the bright side...now we have over 14,500 shares. :0/

AceMace in the Ice Box together with your halfarsed predictions. Filtered.

ok..done my bit..those 15,154 are mine.

I aint a sheep Mr.Strual , but just one in an army. Money found and ready to buy this morning. Up yours.

£333.33, let me see if I have some los change in my bag. I like the idea.

st

So, in short, you have a cgt allowance to discount on any profits in aim stocks every year before you pay any tax.

Yes, nimbus, you will have to pay cgt on the gains you had before buying other shares at the end of the tax year.

However, "to kick things off, AIM shares can be held within an ISA, thereby encouraging longer-term investment by providing shelter from Income Tax (IT) and CGT. Without this, profits accruing from an investment above the annual CGT allowance – which in the 2019-20 tax year is £ £12,000– would be taxed at the standard rate of 10%, with the higher rate being 20%.  

Not only this, dividends received are also exempt from tax within an ISA. Whilst individuals receive their first £2,000 in dividends tax-free, any dividends beyond this would typically be charged at 7.5% for basic rate taxpayers, 32.5% for higher rate taxpayers, and 38.1% for additional rate taxpayers".  

St

Carlf1990,

In case your +50/ turns out good for us the news on the papers may look like this:

Bahamas News flash,

To mark the flow of the world’s biggest oil discovery in years, the Bahamas government declared a new holiday, National Petroleum Day, on Feb 10.

Backed by soothing Caribbean tunes in a video address to their countrymen, the Bahamas government said oil riches would soon transform this central American country, and he would put the proceeds to work for all through a sovereign-wealth fund that prioritized investment in education and infrastructure.

“Bahama's future is brighter with the beginning of first oil,” the government said in the video. “The good life for everyone beckons.”

Many here worry that the country—which has virtually no oil experience—is wildly unprepared to become the planet’s new petrostate.

An oil-sharing deal with Exxon Mobil Corp. is estimated to shower Bahamas with nearly $170 billion in revenue in coming decades, a giant windfall for a country with small number of inhabitants with an annual budget of about $1.7 billion.

The end

I so would love that.

pduk,

Well done. Otherwise we would have only 16.66666666667% chance of finding oil out of those who drill based on seismic studies.

Ok, just added slightly over 66k shares to my wife's portfolio at 0.22ish as it dropped from this morning highs. Not much but if we strike oil my dear half will be happy.
GLA

St

1 out of 6 oil explorers finds oil.

Having a 25% chance to strike oil means 1 out of 4.

He was just stating the evidence so far indicated a better chance of finding oil in the Bahamas than in Kensington High Street.

What a joke.

pduk,

As far as starchild goes, he can do whatever he likes.. even placing a wax seal at the end of his post. The lad deserves it.

St

Why don't you do your own research and tell us what you found? Lazy 1st post dude!

It is always like this, the closer we are of major news the higher is the number of numpties that appear on this bb.

My filter tool is full of such stools.

St