Ferro-alloy Resources Share Discussion Threads

[cyberbub] 01/6/2021 18:24

No, I agree. I'm working on 500m shares when we are in production, based on the announcement in March and allow a few extra options as you say. Hence (as I posted a few days ago) reducing NB's optimistic eventual target share price of £10/share to about £6. Personally I am hoping/aiming for about £4 per share. Frankly I'm in this not just for capital growth, but for the eventual divis, which I believe will be a minimum of 20p per share. If things go to plan and I still have all my shares then it's early retirement time for me... Touch wood. I could go under a bus tomorrow LOLNAI

[mesb48] 01/6/2021 17:34

I have their previous reports and £1.71 was assuming 356m shares. As we have both previously posted, I think the VB deal will get much nearer 500m - depending on allowing for some as yet unknown new management share options it may even come in a bit higher. Of course other factors may have got things back to £1.71, but that’s a great coincidence. Just think they have been slightly lazy, that’s all.

Possibly they are banking on the fact that by the next time they update their model properly, there will be other factors like the size of the resource or the VO price that will swing things. But 356m shares is not a likely outcome now.

[cyberbub] 01/6/2021 17:34

Oh I see yes. I agree. Seems to me that a realistic target currently is about 70p. When in production it could be several pounds per share, if the management play their cards right (and although there was a question mark over NB, I have a strong belief in MD!). There seems to me to be very very little downside risk from 38p, for people who are willing to wait about 2.5 - 3 years. I sold 125k a few weeks back in the 38-42p range, but my remaining 625k (average 10.4p) are all in ISAs and not going anywhere while the story stays as good as it is...No advice intended of course, DYOR

[mesb48] 01/6/2021 17:24

Cyber, I meant they haven’t changed their target price not by one penny. And there’s no way their previous model had the same assumptions on number of shares in issue etc. They have had a while now since the VB deal was announced.

[cyberbub] 01/6/2021 15:48

Mesb can you clarify your comment about VSAs report?

[jailbird] 01/6/2021 11:37

Just joking ZbReally do not know for now .Never keen on buying on news day though

[zb27] 01/6/2021 11:21

After Peet' fantastic appointment. Expect more to follow leading upto BFS. Todays RNS just WOW

[cyberbub] 01/6/2021 10:27

Mesb in what way specifically?

[mesb48] 01/6/2021 10:02

Think VSA have been a bit lazy there, because their previous model had a different capital structure. I thought they said they were updating it.

[zb27] 01/6/2021 10:01

I have been saying for a while now, next £1b+ company. Big hitters are officially onboard. Always takes time for people to catch on to the news. 170p easily overtime. Hugely derisked, and on main market. With main power line now connected, cash flow from current small operation can back up current market cqp. Therefor a long long way to go yet. Patience is always rewarded. DYOR

[someuwin] 01/6/2021 09:32

VSA Capital note today on FAR

"...We reiterate our target price of £1.71/sh. and Buy recommendation."

[cyberbub] 01/6/2021 09:09

Great progress. All gone as promised, albeit a few weeks' delay due to bureaucracy. Mick Davies now in the driver's seat and a new impressive NED. Proper power supply connected and about to go live - allowing the small plant to make $10m p.a. profit and providing stability while the main mine is developed. What a great position for a junior miner!Looks like a 6-9-month delay on the BFS but for a good reason - to work out how to make it into a much bigger and more profitable mine! Great news for LTHs...NAI

[thomas11] 01/6/2021 08:54

Looking at combing phase 1 and phase 2? Sounds exciting

EXCEPTIONAL FINANCIAL STATISTICS (Phases 1 and 2 combined)
• NPV of $2 billion (10% discount rate, after tax cash flows)
• 79% operating margin (gives plenty of scope for royalty sales or streaming funding)
• 89% IRR
• Annual operating cash flow $430m per year after tax ($103m per year from Phase 1 only)

[zb27] 01/6/2021 08:44

Jb- you are a complete fool and waste of time. Seriously no idea qhy you spend so much time here!!! IGNORE

[jailbird] 01/6/2021 08:22

Sub 30p next

[mesb48] 01/6/2021 08:21

Good news! And finally the electricity! Bit of a delay in the BFS but think a bit of patience is required here, these long term strategic investors will only care about maximising the final reward.

[zb27] 01/6/2021 07:59

Delayed by maybe a few months. I was expecting it towards the end of 2021. You have to look at the reason for the delay, SEE THE BIGGER PICTURE. They are now adding huge value through further work!!! No half arxx BFS. Things will be done properly now. Like most aim companies, this is not just delayed for delayed sake!!

[jailbird] 01/6/2021 07:57

Learn and listen I said end of year , I was too optimistic..

[senn1] 01/6/2021 07:52

BFS IS delayed for a year most were expecting this summer

[zb27] 01/6/2021 07:39

What was the broker target...yep 170p!!! Hope everyone loaded up at these ridiculous 30p discount offerings over the last few weeks. See you at the next leg up. Im guessing NT to buy most of the day. DYOR.

[zb27] 01/6/2021 07:33

If ever there was a time.....BOOOOOOOOOM!!! onwards and upwards.well done to patient holders!

[catsick] 01/6/2021 07:29

New hire seems to be an expert in the alloy space, adding depth and a lot of industry connections...

[sos100] 01/6/2021 07:07

nice rns

Nick Bridgen, CEO, commented:

"The completion of the second stage of the Initial Investment from Vision Blue allows us to continue to make fast progress on expanding our existing vanadium concentrate processing operation and to expand the scope and upgrade the quality of the ongoing feasibility study

"Importantly, we are delighted to have Sir Mick Davis as our Chairman. His experience, knowledge and relationships in the mining industry will be hugely beneficial to us.

"I also welcome Peet Nienaber, with his vast technical experience in the vanadium industry, to the Board as Non-Executive Director."

Sir Mick Davis, Chairman, commented:

"Since Vision Blue's initial investment in March we have worked closely with the team at FAR to identify areas where we can work together to optimise the Balausa Project feasibility study to maximise value and reduce development risks. The Balausa Project benefits from low capital and operating costs, good infrastructure, geographic advantages and a scale that can match the significantly growing demand for vanadium as its use in high grade steel and flow batteries expands. I remain convinced about Balausa's potential to become the leading vanadium asset in the world."