Ferro-alloy Resources Share Discussion Threads

[jailbird] 21/5/2021 21:37

Mrs reading what I just wrote to Sean about the $150m market cap at 25pMaybe 50p is too optimistic in the short term as well .Tell me when the BFS will be completed and I can adjust the price higher accordingly This is just me , but I can only value this in stage 1 for now . Still some derisking to do for me Prove it is a viable project at Stage 1 then we should be away much higher

[jailbird] 21/5/2021 21:31

SeanI think you need to read March strategic update again Note here 25p equates to $150m post share increase. That equates to 45p pre share increase.So for this reason we need to consider the share dilution coming to obtain the correct market cap.We have quite a few shares and CLNs to be issued at 9p yet . After that we a) Right to purchase US$10m of additional shares in FAR at a share price of 25.0 pence per share, equating to a pre-money market valuation of US$150m, at the agreed exchange rateThen the rest at 78p

[senn1] 21/5/2021 21:13

50p don't think so next options for VB 20 mill at 78p this year for what it's worth will be nearer £1 than 50o with a wind behind it mind 1 bag this summer Autumn with BFS plans Sir Mick and his NEW crew onboard

[jailbird] 21/5/2021 20:50

I think upto 50p is fair if plant can start producing at break even or profitable.. I got admit market cap is more relevant than the price , so best to use that as a markerI will ignore $2b NPV banded around as that applies when it is producing full nameplate capacity for stage 1 and 2 . Even then the market cap rarely reaches that valuation .But what annoys me is that Vidion blue will make 21% of the potential value of the Co for $12.5m. I think that is right . . But NB was desperate to get financial deal in place to support the project and pay of his divorce .It is what it is now

[jailbird] 21/5/2021 20:41

That is very true Mes, you make valid points and that could happen again.Ultimately it is the BFS we want to see, but any positive updates which ensures cash flow will support the price here.No one has a problem with a delay of communications if positive news is released on next RNS I guess I and others think the worst when news is overdue. I just think if there is some sort of delay , best to release it straight away. If Co releases negative news which is 5weeks overdue, then the market will not be forgiving.

[mesb48] 21/5/2021 20:07

JB, what are your near term targets?

I’ve some sympathy with the company if there are no updates when they are waiting on things outside their control. I’ve seen one or two RNS updates recently with no real news that have gone down worse than saying nothing at all. And in FAR’s case, last time there was an extended period of radio silence, some cracking news came at the end.

[senn1] 21/5/2021 16:50

5 weeks to instal new chairman and other big hitters Anglo American ect

What world are you in dude not the corparate one for sure.

Read LSE FOR INFO

The subtle dreaming mate tut tut buy in am Mon if no RNS?

[jailbird] 21/5/2021 16:41

All I am saying NB's track record is poor, and all the song and dance about Sir Mick as gone stale You would hope with all these delays , that next update will be positive and not say still behind progress

[jailbird] 21/5/2021 16:37

I more annoyed with the lack of communication updates Delays happen within reason , do not have a problem with that if valid

[senn1] 21/5/2021 16:34

Read the mail on LSE

And 5vweeks is nothing in this game to install new board ect ECT

You sold on the recent gain I take it??

[jailbird] 21/5/2021 16:04

Thanks for your concern But NB has indicated a delay with progress , I guess this is true .But I accept country bureaucracy , Covid can cause delays I think an update from the Co is all we ask either way , particularly SIr Mick's appointment is 5 weeks overdue Just poor from the Co with new management

[senn1] 21/5/2021 15:59

Nice mail response on LSE all going well 5 weeks come on pls these board changes take time you l ow that don't be caught on the wrong side of a trade not worth being out with what's coming

[senn1] 21/5/2021 15:52

Buy back Jail hury up mate if I were you.

Major news coming I reckon NB out as well

[jailbird] 21/5/2021 13:03

From LSE The announcement of Mick Davies appointment as chairman is now more than 5 weeks overdueNot a good start to his tenure Any positivity is being sucked dry here

[senn1] 21/5/2021 11:00

Some good news on LSE all going to pla
n ATB

[mesb48] 21/5/2021 10:13

Distinct lack of twitter chat on #FAR at the moment, think this what mostly drove the recent leg up and back down. Think we're here until further news for now unless the traders see something to get them involved. But then my near term targets are 40p and ultimately 70p (around 25% of expected NPV on guestimated 500m shares ultimately) when the BFS comes through.

[jailbird] 20/5/2021 16:16

Seems no hot money buying at back anymore , might be a good thing

[driver101] 20/5/2021 11:09

Cyber

We found support last time, it bounce 14% happy to see it just above the 30 to accumulate.

[jailbird] 19/5/2021 13:47

Consolidated around here for , waiting on news .Any delays on progress , it will be low 20s Do not see much upside , be short lived if any 30-40p is about right for now

[cyberbub] 18/5/2021 16:10

Low-volume trickling down, but I hope we're finding support in the low 30s, in advance of expected progress RNSes soon. I suspect that the minor delays are due to Kazakhstan bureaucracy, the ex-Soviet states are not as bad as Africa but are not renowned for speedy administration...Today's market cap of $150M ($200M fully diluted for Phase 1 production) doesn't seem excessive to me, given the prospects here and potential NPV of over $2bn (subject to BFS confirmation), along with the credibility of Mick Davies' support. Typically miners trade at 20-30% of NPV after construction funding confirmation (which we have essentially got 'in the bag' after VBR's investment agreement), so even double today's share price doesn't seem excessive while we wait for the BFS, probably in Sept IMO.NAI DYOR etc

[jailbird] 10/5/2021 21:53

Look at the time stamp of the two trades and the tiny price spread It is common knowledge to ppl who rollover stocks I have done so in the past - not recently though

[zb27] 10/5/2021 19:29

How do you precisely know if these are rollovers?? You are completely guessing! Anyway rollovers rolos double deckers, not really bothered, onwards and upwards!

[mikro1] 10/5/2021 19:08

I can see this going to 60p on confirmation of Sir Mick as Chairman.

[jailbird] 10/5/2021 18:38

You do know those 600ks were a rolloversI am just slicing to let me profits runSmall increase it my holding at no costOver last few weeks , it has become a good trading shareOf course I could be wrong , because unexpected news can surprise , but on current expected newsflow ,I cannot see these go over 50p before BFS

[cool hand kev] 10/5/2021 18:34

It looks like a rollover 🤔