Ferro-alloy Resources Share Discussion Threads

[zb27] 08/6/2021 14:59

I think someone is quietly accumulating. Plenty of 50k share buys in the last few days. 250k buy yesterday.and now a £50k buy this morning! Im sure the mm's are happy to swallow any sells at this level. Let the drilling commence.

[jailbird] 08/6/2021 12:42

Plenty of liquidity here on both sides Interesting will little free float touted about , where stock is the coming from .Someone is feeding the market

[cyberbub] 07/6/2021 18:26

LOL! Yes that would be showing leadership...But on the serious point, our resource can barely qualify for the term 'mining', more like simple 'digging'!

[pdt] 07/6/2021 16:09

Great video.

It did make me smile when he said the deposit was very easy to mine and you literally need to take a shovel to it. Did you notice the shiny new shovel leaning against the wall behind him! Perhaps he will roll up his sleeves and start shovelling?

[cyberbub] 07/6/2021 15:44

Very positive interview - Mick Davies not wasting any time now he's Chair! Nothing particularly new for existing investors, but a great intro for potential new investors.

[sos100] 07/6/2021 15:31

Nice Interview with Mick Davies

[zb27] 07/6/2021 15:15

All systems go now!!!Sir Mick could take this straight to stage 2. With all the drilling to prove up the other 4 ore bodies, and expanding BFS to include all the by products, stage 2 annual profits could well increase way beyond the current estimate of $400million!!! With our world class management now officially in place, this could go way beyond the broker target of 170pence. Sir Mick and Peet will be all over this now, expecting big things to come. Can sit back, relax and enjoy the show.

[cyberbub] 07/6/2021 11:49

Meanwhile the vanadium price is rocketing... Obviously we are 2-3 years from main production, but it could provide a very useful cashflow benefit from the small plant, while we're waiting... If the projected $10M p.a. cashflow became say $12-13M+ it's not to be sneezed at, any extra profitability will help to support getting a debt package for the main project...

[spekul8] 07/6/2021 03:00

hxxps://www.universal-sci.com/headlines/2016/5/12/vanadium-the-beautiful-metal-that-stores-energy

[cyberbub] 05/6/2021 23:55

There will of course be drilling news and results in the coming months - I would imagine they will want to mobilise rigs quickly during the summer? Plus news on the small plant and financial improvement/cashflow from there. And corporate news on raising the further cash etc. So I don't see a news blackout in the next 9 months or so until the BFS, by any means.I would reiterate that PRE, a company which is quite similar in many ways to FAR (large resource size, low capex, similar stage (PRE maybe a bit more advanced), similar low opex (FAR is better on this), similar very credible management), recently reached a market cap of £400M.NAI

[jailbird] 05/6/2021 13:00

That is fair and good point about massaging the share price is no longer needed.It is now just get on with the drilling and complete BFS

[mesb48] 05/6/2021 11:33

Think 35-40p range for a while. NB has just done 2 interviews which have added little to my total sum of knowledge and not expecting more massive newsflow in the coming weeks now. Think it will trend up when we get closer to the anticipated BFS. Now the equity funding is essentially organised, management have no real incentive short term to worry about massaging the share price. Think I’m focusing more on other things now, this will do its thing in due course IMO.

[jailbird] 04/6/2021 21:03

So anyone see this break 45p, or has the market realised now the BFS has been delayed until mid next year, this is not much news to drive it higher.

A cashflow positive pilot plant may help the share price, but I am not sure when that will be happen, maybe by year end?

I am keeping my 35-45p target for now, but is volume dries up it could go to 30p again

What do you think now Mes?

I think the Co needs another institution buyer to move it to the higher price now, but it depends how much float is around now too, so may not be be possible

[jailbird] 04/6/2021 20:55

So to all who insisted BFS would land no later than Q3...you gonna say how wrong you got this

I welcome that stage 2 of the project is also being scoped and hopefully will be including in the final BFS with Stage 1. This will be a major derisking of the WHOLE project

"The expanded scope is likely to entail a drilling programme to upgrade sufficient resource to the JORC Indicated category to enable planning for production at the expanded rate for a significant mine life. This will involve further drilling of ore-bodies 2 to 5, a large part of which is already in the reserve category under the Kazakhstan GKZ system of resource and reserve classification but did not meet the requirements of the internationally recognised JORC system. This, together with the longer time-period needed to complete variability process testing on the wider range of ore samples is likely to extend the timing of completion of the study into the first half of 2022"

[mikro1] 04/6/2021 18:54

I meant like EUA or GGP only in the sense that it is a company with a gigantic resource that could capture the imagination of loads of PIs and lead to a high valuation in anticipation of future performance. Where FAR is so exciting is (a) having Sir Mick as chair(b) the low cost (around 100 mill only) to get to significant earnings and (c) being almost a zero cost producer so not dependent on the commodity price.

[goldilocks1] 04/6/2021 10:32

is the caveat re EUA timely and apt with regard to FAR?

[purchaseatthetop] 04/6/2021 09:10

mikro1.....best not to hope for a EUA. That story is falling apart right now.

[zb27] 03/6/2021 21:05

Mikro - Aye Aye, totally concur with you. Just goto sit tight and be patient. Most difficult thing to do nowadays! Over time this will only head one way now. $20m option for Vision Blue @ 78p. Broker target 170p. Current NPV 300p+. With the expanded BFS announced on 1st June, these targets could well increase significantly. Also to note Vanadium price increase could fire a rocket under FAR share price. Vanadium has increased everyday for the last few weeks now. With Sir Mick and Peet onboard now, this is all systems go. Such a comfortable hold, risk/reward is tremendous. Such an exciting hold. This could fly up in a flash.

[mikro1] 03/6/2021 20:13

This could easily become the next GGP or EUA within the next 12 months. Potential is enormous. Now that Sir Mick is chairman, I am relaxed.

[cyberbub] 03/6/2021 16:10

Nothing new in the Proactive interview for existing investors, but positive enough I thought? Money in the bank, new world class chairman, extending already huge resources through drilling, new power connection to the small plant, working on further byproduct streams from it. What's not to like? NB stumbled a couple of times in his delivery, there you go.

[cyberbub] 03/6/2021 15:55

JB they stated clearly in the RNS that they intended to do some more drilling to upgrade the resource to JORC standards- this is the reason for the BFS delay. It will all be worth it eventually. And the company now has plenty of money to get the drilling done quickly before next winter IMO.

[sos100] 03/6/2021 15:29

I think you got caught out again trading this?
not sure why you can't just hold a stock long term..

[jailbird] 03/6/2021 14:22

Flipping hell..more waffle, especially the 2nd half.

Really need him gone...so more drilling to confirm indicative resource already stated

so far stage 1 ore drilling is confirmed

BFS requires money and time..hopefully ppl get that now!

[goldilocks1] 03/6/2021 08:26

as already posted, i hold a reasonable/modest stake and have done since march at 29.5p
also as already posted, i think this stock has potential but i bear in mind that an awful lot can go wrong
i certainly wouldn't top up at this time and at the current level