Ferro-alloy Resources Share Discussion Threads

[zb27] 31/3/2021 20:10

Now back to FAR. i think tomorrow could be very interesting. If it breaks 45p, can move very fast with the extremely low free float. Like i have been saying, the big boys are collecting shares and have been holding this down. They know exactly where this is heading, and many in the city must follow every step Sir Mick makes like a Hawk. This will swiftly move considerably higher towards the 78p-80p. I have said next EUA/GGP, £1billion+ market cap eventually. Ticks ALL the boxes and more.

[zb27] 31/3/2021 20:06

Had an interesting conversation with a friend who is a long term BMN holder. To my surprise he suggested BMN chat is full of FAR posts, a bit sad yes!! To those who keep comparing FAR to BMN, its like comparing apples and oranges, completely different companies (type of ore, production cost, size, location, institutional investors, Chairman, LSE Main Listing etc etc)they can compare all they like, however sooner rather than later we'l be flying straight past their market cap, as FAR is the future! Like comparing Tesla vs VW, VW production 20x more yes, however Tesla market cap 4-5 larger!!! Its just the way the markets work! Another example ITM, limited revenues, at £1 i thought its had its day, then it continued all the way upto £7+ ($3.5billion market cap, still amazes me)!! And yes I did convince my friend to dip his toes into FAR ;) I say good luck to everyone,wish BMN all the best, hope it does well.

[cyberbub] 31/3/2021 19:23

The RSI has dropped back into the 'buyable' range. Let's see if we can break the 43p peak tomorrow (or soon anyway). I have a little niggle that there will be some sellers tomorrow, the last session of the tax year... hopefully I'll be wrong. Anyway it's fairly irrelevant from a LTH perspective....

NAI

[goodgrief] 31/3/2021 19:04

Don't normally trade as I'm a buy and hold type of investor, but top sliced at 41p, sold half my Bushveld and bought back at 27p. Not smug, just consider myself fortunate.Also noticed how some Bushveld shareholders turned into green-eyed monsters!

[the stigologist] 31/3/2021 18:05

Nice when they are paying annual dividend of 10/20p a share in the future...

[cyberbub] 31/3/2021 16:52

I'm exactly the same Stig. I bought 650k at 10p (which is a lot by my standards) 3-4 months ago when it was a much riskier prospect, and then bought another 100k on the rocket up. But kicking myself I didn't dump some slow performers and pile in in the 15-20p range. I also considered selling a few at 43p to buy back lower, but didn't as I rarely get trading right!

Never mind, if it all comes off (which is not guaranteed of course) then it's an early and comfortable retirement for me in 3-4 years' time, just from FAR never mind my other large holdings (RMM and EML in case anyone's interested... subtle ramp LOL).

GLA NAI

[catsick] 31/3/2021 16:50

Yes its going to be bigger than rio and bhp together in no time, just as Tesla is bigger than all the major auto companies combined, just like bitcoin we will be able to buy a lambo with a single share in no time at all

[the stigologist] 31/3/2021 16:05

I am kicking myself I did not buy more the morning of Monday March 15th at 10p

I knew Sir Mick Davis buying in AND coming in as Chairman was huge

I under-estimated how slow others would be to understand this game changing news

300% on I still don't think we are anywhere close to the Market understanding the full import of what Sir Mick could create with either Vision Blue or FAR as the cornerstone of a new Green Battery Metal Supercycle major

If he wants to create an Xstrata II there is a lot of 'optionality' created by having a big world class low cost mine throwing off cash as the cornerstone to a twin approach of operational / financial leverage and M&A into an upcycle within a secular trend

[zb27] 31/3/2021 15:57

Stig, mm's know how to play into fear. They got people selling at 25p, after institutional investors bought 16.7m shares at 30p! Only the smart were buying then! And as per my note this morning, quite clear to see they are filling large orders, maybe from instis that couldnt get in on NB share sale. This is going to 78pence minimum in very short order, and most (probably me included) will be kicking themselves that they didn't load up more at this level. If Sir Mick is buying $20m at 78 pence....

[the stigologist] 31/3/2021 15:42

.

^ smallest violin in the world for the birdbrains who didn't take advantage of sub 30p 'SALE'

[sos100] 31/3/2021 15:41

Really quite today considering the rise in share price.

wonder when Jailbird will reappear :)

[cyberbub] 31/3/2021 15:30

Today and tomorrow are the last days for tax-year sellers... Will be interesting to see what happens from Tuesday!

[cyberbub] 31/3/2021 13:57

The good news is that with millions now in the bank, the company can afford to throw money at finishing the BFS as soon as possible. I expect it to be published mid-summer personally, let's see... That has to be the first priority for the new money, rather than completing the small plant, which (apart from maintaining the skilled staff, which is of course very important) is a lot less relevant than before the VBR deal.NAI

[zb27] 31/3/2021 10:59

Guaranteed big orders being filled!Small sells, and then you have 50k buys cropping up, what does that tell you? Still at only 10% premium to what institutional investors shelled out £5million at 30pence only last week!

[zb27] 31/3/2021 10:07

One thing I love about FAR, is the fact that it has a MAIN MARKET listing, and I am sure this was a big bonus for Sir Mick and co.

[telbap] 31/3/2021 08:54

Looking at the sir mick deal, has anyone looked at the max time frame for completion of works and upgraded mine output?

[catsick] 31/3/2021 05:12

The best comparison here is TSX listed largo, a billion dollar market cap company producing 11k ton a year at a cash cost of 3.5 usd an lb , our ebitda should be the same off phase 1production of 5k given much lower costs, no reason not to get to a billion dollars here off phase one, also being the lowest cost producer , even low prices make this work off just steel markets, any battery upside is just massive gravy, this is a no brainer now, just annoying I got so few in the small window from rns to major price move...

[cyberbub] 30/3/2021 15:44

I looked at it this morning, nothing particularly new apart from the VBR/Davies funding being added in.

[zb27] 30/3/2021 14:01

Agree and what about if IRR and NPV is higher ;) One of our main benefits with Vision Blue and Sir Mick, they have done all the due diligence required, they must have run the same numbers, and must have seen the draft BFS (Alot of it has already been completed as per NB in sharetalk interview), and they have come to the same conclusion, and were happy to invest, Anyone would have been happy with funding for Small project, and BFS completion, however they were sure enough to provide Construction funding of $30m, $20m @ 78pence, they clearly know where this is heading!!!

[jailbird] 30/3/2021 12:36

"The main strategic risk now is the BFS. But in my view even if it were to come back with an IRR revised down from 97% to say 70-75%, that's still a super high IRR, guaranteeing funding and big returns for LTHs."

agree on that

[cyberbub] 30/3/2021 12:07

Remember there will be a lot of tax year selling in the next few sessions... A lot of people are sitting on 50-100-200% gains here. Just take a medium/long term view and these 'should' be multiples of 30p hopefully.The main strategic risk now is the BFS. But in my view even if it were to come back with an IRR revised down from 97% to say 70-75%, that's still a super high IRR, guaranteeing funding and big returns for LTHs...NAI

[jailbird] 30/3/2021 07:30

cyber,

I would work on phase 1 valuation for now.

You are all getting ahead of yourselves. Keep emotions in check and keep objective