Member Info for Shardster

Because institutions are predicting that it is more likely for the SP to increase here rather than decrease and are investing accordingly.

Wed, 11th Nov 2020 07:00

RNS Number : 8974E
Ferro-Alloy Resources Limited
11 November 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).



11 November 2020

Ferro-Alloy Resources Limited

("Ferro-Alloy" or "the Company")

Issue of Bonds

Ferro-Alloy Resources Limited (LSE:FAR), the vanadium mining and processing company with operations based in Southern Kazakhstan announces that it has raised US$151,935.54 via the issue of bonds on the Astana Stock Exchange ("AIX").

Investors have subscribed for 51 of the Company's bonds with a nominal value of US$1,984.88 each. The bonds are unsecured with a coupon rate of 5.8% and bear interest of 7.5%, paid twice-yearly and the bond is repayable on 17 March 2023. The investors have the right to request early repayment by giving 30 days' notice which may be given only between 12 and 13 months after issue.

In addition, investors have subscribed for 26 bonds with a price per bond of US$1,950.29 each. The bonds are unsecured, with coupon rate of 5.8% and effective interest rate of 7%. The interest on the bonds is paid twice-yearly and the bond is repayable on the 17 March 2023.

The bonds have been listed on AIX with identifier FAR.0323 and ISIN number KZX000000336.

Amendment to previously issued bonds

On 11 June 2020, FAR issued 150 bonds on the AIX at US£2,000 each ('11 June 2020 Bonds') (see announcement of 12 June 2020 for further information). An investor of 100 of the 11 June 2020 Bonds has agreed to amend the terms of those previously issued bonds such that the opportunity for the investor to require early repayment has been removed. Those bonds will now be repayable on 17 March 2023.

COVID stocks took an absolute hammering today, not sure what warranted the drop here as hemo is much much more, waiting for premium bonds funds to materialise and then will top up here.

I’m topping up this week.....at least it’s pretty easy to judge the current support levels here.

1 code could be an RNS incoming, I’ve seen occurrences before they might have just been coincidences though

Maybe it could be 1p by end of week as someone predicted ;)

Trump hasn’t won you must have dreamt the whole betfair scenario

Really chalker? 85 posts just in the last month alone on this share and you’re merely interested......you must have a sad life.

I’ve also taken a position in here today on a recommendation.....GLA

Dufry you really sound like someone who is invested in here.....*yawn*

Dufry the sp has fallen not risen to current levels so it can’t fall on good news or the whole market is warped

This has got to have a great impact on the SP surely.....let’s go!

On a positive note, furlough is being extended till Dec and the self-employed will be getting another grant in Dec also so like the last lockdown I don’t see things being too jittery here......we do have the US election this week so not sure how the markets will react if either candidate win (please don’t let it be Trump)

Roger’s taken his name from an out of date character from Viz which used to be funny.....probably a bit like Rog himself, now just dated and sad.

Pay attention

It’s dipped 4 times here since September and returned to 30’s

I despise Trump with a passion but his re-election may settle the markets.

LSE site isn’t working properly, some of us are here

1p should be surpassed now, possibly 2p

Lovely stuff.....the potential now is massive!

Lol jodrell.....’the mm’s know there is bad news coming’ you do know that would be illegal before shareholders are alerted; get real and just accept this as market fluctuations.