Ferro-alloy Resources Share Discussion Threads

[ttlance] 08/7/2021 12:00

Cyberbub - Happy to be wrong on this but certain this is correct. 330.6 million shares results in market cap of £102 million. But there are now 377.7 million shares in issue

[cyberbub] 08/7/2021 11:54

You need to check your calculator Lance :-)

[ttlance] 08/7/2021 11:44

I've seen a market cap banded around for FAR of £110 mill based on current price but based on my calculations the market cap is £141.4 mill (377.7 shares in issue x 30.75p)?

[cyberbub] 08/7/2021 09:14

I can still dummy-sell 150k shares.

[cyberbub] 07/7/2021 19:51

Yes it could be someone selling from the divorce secondary placing. That could be why we have (so far... touch wood) found support at 30p?

[zb27] 07/7/2021 18:30

Nope.By absorb i did not mean 'sell'. Just emphasising the point that the market cap will go up significantly, without the price moving thats all.

[jailbird] 07/7/2021 18:19

Who know Cyber , one can top slice without having to declare You can still be a strategic investor by top slicing to derisk and not have to declare . These ppl are astute investors and know the risks .Put it this way if the BFS was terrible do you think VB will not sell , be first out if the door.That $12m ( is that invested now ?)Is already worth $40m. Slice some and buy the $20m at 78p for free.I think unlikely though . More likely the investor who bought NB's 'divorce' sell would be selling into good news and feeding market .Not strategic investor either .Shares have to come from somewhere as limited free float according to a few

[cyberbub] 07/7/2021 17:35

ZB, when you say 'absorb' surely you don't think that VBR are going to be dumping the shares they've been issued? They're a strategic long term investor, not day-traders! While clearly the share price is at a big premium to their 9p buy-in price, Mick Davies is holding for pounds not pence...

[zb27] 07/7/2021 16:43

Unfortunately all these extra shares issued to VB will take time to absorb.With price staying the same, another circa 20% will be added to the market cap automatically. A nice long term hold.See where we are in around 12 months.

[cyberbub] 07/7/2021 16:04

The share price looks weak but in fact I can dummy-sell 150k shares in one go - not bad for a low-volume day across the markets... Someone wants them...

[cyberbub] 06/7/2021 23:48

Nice one mikro. Agreed FAR is not one for a quick buck - personally I usually find that trying for a quick buck backfires on me! I agree a 12 month timeline should be the minimum anyone looks at - but that's not long for proper investors IMO. I am hoping for a 12x-15x on a 3-4-year timescale, touch wood etc

[mikro1] 06/7/2021 22:58

I am slowly increasing my holding here - in my opinion this is almost certain to go up 3x or 4x in the next 12 months.. the only downside to buying more is that I think I might have to hold for the 6-12 months to see the benefit.. which brings an opportunity cost in that in that time I could (if lucky) buy and sell for profit elsewhere and then buy back in here.. this is about 15% of my portfolio now..

[mesb48] 06/7/2021 16:22

JB - yes, also my previous understanding was that Phase 2 would be funded by cash flow from Phase 1 so maybe they are not bothered about Phase 2 being scoped to western bankable standard at this stage, they just want the resource defined like Cyber says so they can talk about it. I guess phase 2 is an option for later on, if they were committing to it now, then phase 1 and 2 would be merged, so makes sense to build up the feasibility study in stages?

[jailbird] 06/7/2021 14:25

That makes sense Quote alot of area to drill for phase IIPlenty of time to complete phase IIFew years away for that to come online anyway Phase I is what it is all about for next 3 years

[cyberbub] 06/7/2021 14:02

Quite possibly the DFS will still only be for Phase 1, but they want to do more drilling now to upgrade the wider resources to JORC standards in preparation for Phase 2 later.

[jailbird] 06/7/2021 12:06

Seems phase II will require more time and money to upscale it to DFS standards ? To Everyone else it is a question before you get all worked up

[jailbird] 06/7/2021 12:03

MesHe said the $10.1m is being invested for the plant , BFS phase I but phase II will still be LESS than the western bank able study (which is phase I is at now and is being upscale to DFS standards )So why is phase II not bring up scaled to DFS standard now Do not get that unless that will require a lot more time and work maybe because if the size of the asset ?

[mesb48] 06/7/2021 10:14

another interview with NB. Some acknowledgement the capex bill might be a bit over $100m but repeats the view that the equity side of the capex requirement is covered by Vision Blue's options. Apart from that nothing earth shattering IMO

hxxps://omny.fm/shows/dig-deep-the-mining-podcast/150-dd

[cyberbub] 06/7/2021 09:50

I don't think they've officially published their full BFS yet, although they have most of the components in place essentially.After our delay for more drilling, we're 6-9 months behind PRE now. PRE has bigger plans overall, due to their downstream processing facility, but still I believe that they're broadly comparable.NAI

[dodkins] 06/7/2021 09:16

After BFS?

[cyberbub] 06/7/2021 08:57

Still in the development phase, before major capex raise.

[dodkins] 06/7/2021 08:54

At what stage of development did they peak?

[cyberbub] 06/7/2021 08:10

Lance, I wondered that too, I can only assume that they do intend to increase the factory production levels in their final plan (or at least have the option to do so). I wouldn't be certain about not breaking 42-45p, I have pointed out previously that PRE, which I consider very similar to FAR on many metrics and stage of development, recently peaked at a market cap of GBP 400M...No advice intended

[ttlance] 06/7/2021 07:58

This price level seems a great opportunity to get in. Not concerned if the price drops below 30p as the fundamentals haven’t changed, if anything FAR is in a stronger position than it was a month ago, following the further commitment of investment from VBR.

I personally don’t think we will break through 42p until we see some significant updates on the progress of the plant.

Cyberbub – Bearing in mind global vanadium demand in 2025 is estimated at circa 140k mt per annum and the 1st ore body will provide a long mining life based on output of 50k mt per annum. Do you think the results of the other ore bodies will have a material impact on the share price? if the results come in as expected. Do you see FAR increasing output to take into account these other ore bodies?

PS. Hoping the Vanadium price holds around this level and doesn’t rise too sharply too soon.

[cyberbub] 05/7/2021 21:06

Agreed Lance, looking at the trading there seemed to be a jump in volume later in the day. I hope we've found another bottom in the descending wedge... I don't have a crystal ball though!