Member Info for Sp28

TBH not bothered about share price in the next few days/weeks.

This is atleast a 6-12 month hold for real rewards.

First target - 78pence (Vision Blue buy in)
Second target - 170pence (broker target)
Third target - 300pence (current NPV)

Question is how patient are you!

Trend is your friend. You just need to look at PRE, extraordinary rise over 12months.

You have to believe in your research, have conviction, and have patience.

Short term, yes it can fluctuate, its just the way the market works. Long term its heading one way only.

Institutions loaded up with 16.7m shares at 30pence. Sir Mick and Vision Blue will buy $20m @ 78pence. They not buying like most PI's for a quick small gain here and there, they want multiples. I have full faith in Sir Mick to deliver, just look at his track record.

We have had doomsayers all the way from 15p+, they will never go away. They will still be here when it hits 80p and £1+!

DYOR.

Something akin to 'VISION BLUE' ;)

Current price target is 171pence

NPV share price 308pence

What will the price target be when all the following milestones are met in the next several months?

- BFS Complete, agrees with the CPR, NPV minimum $2bln, IRR 96%

- Vision Blue have provided $30m for construction, $20m of which at 78 pence

- All debt funding required has been agreed ($50-60m)

- construction for phase 1 starts

Copy of my post from a few weeks back!

Ferro Alloy soon to be Chairman was the main architect and key person in creating the 2 Largest Mining Companies in the World today!!!!!!

Ranked No 1 - Glencore/Xtrata
(He essentially created Xtrata from a small outfit to a Global Mining Company. $90 BILLION merger with Glencore)

Ranked No 2 - BHP/ Billiton
(He was the driving force in the listing of Billiton on the London Stock Exchange, and then played a key role in Merging with BHP, to create BHP Billiton)

Cannot even imagine the experience, know how, knowledge and contacts this man brings, its simply breathtaking. Most people have still not grasped the enormity of this news.

And not even going to start on Mr Trahar Ex CEO of Anglo American, also involved with Vision Blue!

And he will soon be FAR Chairman :)
(Just look at what he has already done at his other investment Nextsource through Vision Blue)

Seems like some weak impatient sellers who bought up towards 47p only a few days back will be selling. Hopefully stronger LTH are buying in for the next leg up towards 80p!

Remember Sir Mick will be announced as Chairman soon.

And as his other investment Nextsource, where he is also the Chairman, announced a deal with Tesla earlier this week, FAR could well have a surprise announcement!

This was 47p yesterday, what a bargain!

If anyone looking to accumulate, this is the best time. As holders here know, with the tight free float its usually NT to buy!

Calamari - nice one, good to know you can open the door to your local fishmonger ;)

Here we talking about Tesla, Major Banks & Global Mining Companies :)

Thanks MRS.

https://www.northernminer.com/news/nextsource-partners-with-asian-companies-to-build-battery-anode-plant/1003830070/

And this is what an industry titan can bring!

He can single handedly opens doors, funding, strategic partners, bring in industry experts etc..

Most are massively under estimated his power and the value he brings here! The news was transformational, its effectively a mew company.

Expect similar deals for FAR going forward
Sir Mick will maximise value here. Just read his XTRATA story! He wants to to realise NPV (currently $2BILLION)

And also dont forget as part of the deal - Vision Blue have already taken an offtake - 25% at market prices!!

I think you looking at this completely wrong!

Once the $10m and $20m come in, its a huge vote of confidence, Vision Blue will have more skin in the game, indicate further milestones have been met, and with that money FAR can proceed towards full stage 1 production. And as already indicated its not coming on the market as a traditional placing, this is going straight to vision blue!! They will essentially hold/own a significant proportion of Ferro Alloy, if not the main shareholder!

And once the tranch of $10m and $20m come in from Sir Mick and co, the debt funding of $50-60m will come very easily. Wouldn't even be surprised if its already in place by Sir Mick with one of his investment banking connections, in the scheme of things, and what he has dealt with before, its a pretty insignificant amount.

Like I have said many times, easy £1bln company over time. DYOR

Mamalik - simples, supply and demand of shares. Everyone wants in, and hardly any free float available. Most locked in with BOD and institutions!

Sooner rather than later we will get to the 78-80p target.

Why would an industry titan buy $20m shares at 78pence? Perhaps he knows over time it would be worth multiples even at that price!!!

They need to seriously raise the price to entice some sellers, as there are definitely plenty of buyers waiting, just unable to buy a bean! Thry nees to let this go, pointless holding it back!

As most have been saying, first stop 78pence, second stop 171pence, third stop - who knows!!

Thanks for sharing. Fantastic article, summarised very well for newbies. Obviously impossible to cover all the positives that we already know about. Hopefully this throws a bit more spotlight on FAR for the rest of the week. Currently well under the radar, hardly any chatter on boards like these says it all!

Fantastic. They did suggest, investor relations will be ramped up this year at key points.

With YU as everyone knows, free float is non existent, any institution looking to build even a small position will move the share price significantly.

Fallen from 380p to 270p, when all the news was confirmed in the latest update.

Once the company start giving projections for 2021 & 2022 this will fly up!

2021:

£140m turnover
Profitable
No debt
~£12m cash

Turnover/profitability metrics can be smashed if there are further value accrediting acquisitions. They have clearly stated they are on the look out.

What i like the most, there has been ZERO dilution in the last few years!!

Massively undervalued. DYOR

Classic. I'm sure they will let you sell, but won't let you buy! Fun and games

For new investors, this is a copy of my post from last month - NOTHING has changed, and everything was confirmed in the FY update.

Most people will be kicking themselves when this moves swiftly towards £5-6 in the short term.

Some snippets from the Jan 2020 trading update for the lazy readers out there ??

1.            Strong trading performance – ACCELERATING throughout H2 2020 (we now know it was profitable)

2.            Exceeding FY 2020 revenue, cash and profit expectations

3.            FY2020 revenues to exceed £100m

4.            Accelerating sales momentum continued in H2 to record levels

5.            Average monthly booking £10.3m – H1 2020 £6.2m

6.            Strong sales momentum into January 2021

7.            Digital sales channel – £2.9m in H1 2020, £21.5m in H2 2020

8.            Meter points – Jan 2020 (8,724), Dec 2020 (18,000) – Over 100%!

9.            Legacy contracts completely washed out of their book, replaced by good margin high quality contracts

10.         Acquired 2 B2B customer books – Added 4,400 accounts over a weekend, seamlessly at minimal cost

11.         Looking for further similar value adding acquisitions ‘Our relationship with Smartest Energy remains strong, and we continue to explore mutually beneficial opportunities’

12.         Cash - £11.7m

13.         Accelerate institutional investor access – Onboarded new nominated advisor, broker, financial PR advisors

14.         Take growth story to a wider audience – more investor engagement

15.         Invest in digital technology for transformational growth, and disrupt a technology benign market

16.         £93m already contracted for 2021

17.         EBITDA for FY 2020 expected to be significantly ahead of market expectations – Strong EBITDA performance for H2 2020

18. ONLY 16.3m shares in issue, 4m free float, 56% owned by the BOD

19. A dilution of exactly 27,000 shares in the last 3 years. So basically ZERO dilution!! Hard to believe ;)

Cannot buy a bean. NT NT NT

A fake drop by mm's, should never have come down to this level. As i said at the time, the results were fantastic.

Feel sorry for all those that sold. I'm guessing they probably scrambling to get back in.

Thanks Sparky

This is a complete an utter joke. A near 40% retracement from when it touched 380p, on the back of a fantastic update.

Mm's have surely shaked out all the weak sellers.

Wouldn't be surprised with a swift move straight back up past 300p in short order. As we all know free float is tiny here, so would be no surprise.

Revenues in 2021 is probably £130m+, now profitable, no debt, and never been any dilution here, with a market cap of £43m, yep got you, a massive undervaluation, and a huge bargain, clear disconnect between how the company is performing to current market cap.

Looks like mm's happy to collect shares here. With the large spread, im guessing they happy to collect all they can at 24p (they are happy to buy all of mine in 1 gulp 140k shares +, and wont let you buy much at 27p. Seen it too many times. Patience

Maybe a stupid question.

In H2 2020, Ebitda was £100k - fantastic, we know turnaround has started.

For 2021 broker note is saying Ebitda of only £450k. Am I missing something?

With all legacy contracts now washed out, and strong momentum increasing, with forecasted revenues up by 25%+, I would have expected Ebitda to be significantly higher than this!!!

Broker Target - 171pence

NPV $2bln - Share price 292pence
NPV $3bln - Share price 438pence

Current $2bln NPV is based on a very low Vanadium price of $7.5/lb and only 1 out of 5 ore bodies explored. The true potential is staggering.

Simple increasing vanadium price from $7.5/lb to $11/lb with everything else the same increases NPV to $3bln.

All will be revealed/confirmed in the upcoming BFS this year.