Ferro-alloy Resources Share Discussion Threads

[jailbird] 03/5/2021 19:52

Thanks Zb, I need to read the research a bit more carefully

Need NOV to value it properly

[jailbird] 03/5/2021 19:44

Good point , will check further on NPV

[zb27] 03/5/2021 18:33

Dont know absolutely nothing about Griffin! Looks like you are completely confusing 'In ground metal' and 'NPV'. In ground metal DOES NOT equal NPV!!!!In ground metal for FAR at current prices, with only 1 of 5 ore bodies fully explored = $14.5 BILLION!!

[jailbird] 03/5/2021 18:22

Either GFM is unbelievably cheapOr we have valuations all wrong I am just confused

[jailbird] 03/5/2021 17:50

Correction , at today's price it is valued at £250m!!! For a £15b NPVso you think FAR should be worth more than GFM ?

[jailbird] 03/5/2021 13:03

The market already knows about Sir Mick's appointment , a lot already is priced in . The BFS is not , that will take time Ppl are way too subjective and emotional.

[senn1] 03/5/2021 12:38

Good time to buy before next leg past 70p when news breaks anytime now watch this fly up valuation is to low compared to peers confirmation from Sir Mick and plant news all due plus bfs

[cyberbub] 03/5/2021 10:22

I keep repeating that Pensana (PRE), a company with a lot of similarities to FAR (similar development stage, similar large resources, similar low capex required, similar 'green metals' space, etc) is currently sitting at a market cap of around £350M, and has been higher. Even allowing for full dilution at FAR to approx 480M shares, that's over 70p per share here...NAI

[romeoandjuliet] 03/5/2021 07:46

Perhaps well beyond

[romeoandjuliet] 03/5/2021 07:46

Perhaps we'll beyond

[romeoandjuliet] 03/5/2021 07:45

This will go to 75p very soon

[mikro1] 01/5/2021 22:32

I'm waiting for the RNS hopefully confirming Mick Davis as Chairman and investing the balance - then I will buy more

[cyberbub] 30/4/2021 14:40

Someone is still dumping decent-sized 100k or 200k trades. As the saying goes, "they can only sell once" :-)

[jailbird] 30/4/2021 14:29

Might still see my 30p May onwards is historically a low volume period , so expect some stocks to drift anyway Stocks will be news driven in the short term period now

[jailbird] 30/4/2021 14:27

I read progress stated on 15th is a little behind schedule on LSE board But only the BFS study matters in the long term

[cyberbub] 30/4/2021 13:56

A bit annoying to be still ticking downwards... All on low volume, so just a general drift without news IMO... Should be a steady stream in the coming weeks though.GLA

[cyberbub] 27/4/2021 11:34

Woo hoo - what was I saying? Back to blue! For now anyway...

[cyberbub] 27/4/2021 11:09

78k bottom-end rollover gone through.Generally falling on low volume - not many people selling. Some decent buying has come in today (so far anyway!). I suspect we're near the bottom here. A bit over £100M cap doesn't seem excessive to me for what FAR have (and essentially fully funded for construction). Remember that Pensana which is a fairly similar junior miner at a similar stage recently hit £400M market cap...NAI DYOR

[pandemic21] 26/4/2021 18:22

Sir Mick has just purchased a new pair of
shoes...Loake Chelsea Boot

[jailbird] 26/4/2021 18:03

Chart is still in negative trend.

However is this forming a Flag and Pennant Patterns ?

[zb27] 26/4/2021 15:15

Cyber agree. Just tried a dummy sell, they are happy to swoop 200k+ shares a smidge over current price lol could never sell that quantity before! Tells you everything! Someone is collecting here, maybe order being filled for an institution before next leg higher. Washing out the impatient holders!

[cyberbub] 26/4/2021 14:36

Well I can get a quote to sell 150k in one go at a tick above the published bid price. So someone wants them!!NAI

[mikro1] 24/4/2021 21:52

I bought more this week - I estimate it will have a £1 billion market cap this time next year