Ferro-alloy Resources Share Discussion Threads

[bygdennis] 09/4/2021 12:17

Prince Philip!! RIP!! What a guy!! So Sad!! Long live the Queen!!

[cool hand kev] 09/4/2021 12:05

Hopefully the share price can breakout on this attempt :-)

[rmart] 08/4/2021 11:21

Off topic, sorry....

When I started this thread the share price was 10p.... So we are all doing great, (not saying that is anything to do with me by the way).

Now I have started one at CRCL who have Vanadium in Canada, plus Nickel projects and Battery Storage/Solar in UK. Market cap is £4.5m, Mast is coming to market on 14th with a £23m market cap and all of their projects together are less than half the size of Corcel's UK project alone.

Mambare once held the market cap at £40m and is now just awaiting the environmental permit and Mining Lease.

WoWo Gap will be coming to Corcel as they are owed A$4.6m by the current holders (wowo is bigger than mambare and valued at $168m).

All in all its another multibag opp. DYOR etc.

[zb27] 07/4/2021 13:35

After stage 1 - A PE of 3.6, and after stage 2 a PE of 0.9!! This is all about growth. Therefore a long long way to go for FAR, 100p-200p is very very realistic. As the market/institutions/industry insiders will all know, if anyone can deliver a mining project its Sir Mick!! As he has said himself, he will try his best to realise NPV($2bn) = £3 per share. Who would bet against him! Looks like everyone trusts him to deliver.Essentially he was the main architect in building the 2 biggest mining companies in the world today!!! - Glencore/XTRATA, Bhp/BILLITON. Need I say anything more.

[the stigologist] 07/4/2021 13:25

The Market Cap needs to become big enough that Multi-Billion Funds can take big enough positions

That is what will drive the value

Take just one major Resources fund

Blackrock World Mining according to HL the Trust has assets of over £1 Billion



To achieve a 1% unit size position in their fund Blackrock Managers need to buy about £10m worth of FAR stock to have exposure to Sir Mick Davis's next supercycle vehicle

They could choose to stay on the sidelines but then if FAR becomes a multi-billion $ Xstrata II they will lag their benchmarks/competitors. They will want to get ahead of the game

[telbap] 07/4/2021 13:06

@thestig.......100p = mcap around 360m, what PE would that be?

[the stigologist] 07/4/2021 13:00

Try 100-200p IMO

[danmart2] 07/4/2021 11:09

What are the thread contributors forecasts for the share price by the end of 2021?
55p?

[losses] 06/4/2021 17:58

Fantastic move hopefully once 43-44 disappears then should get another spike.

[zb27] 06/4/2021 17:15

Phenomenal rise in PRE, hope we get an equally fabulous rise here, if not better! Current Broker target £1.71, NPV fully diluted £3.08p, long long way to go for FAR!

[goodgrief] 06/4/2021 16:51

I was put off Pensana, given it was being run by the ex-CEO of Berkeley Energia. He expended much energy touting Berkeley at all and every presentation going. They did well getting a big investment from the Middle East, but were ultimately stuffed on home soil by the Spanish. Once bitten, twice shy! My loss!!

[the stigologist] 06/4/2021 15:48

I doubt Pensana have anyone of the calibre of Sir Mick Davis on board ?!

A guy who has run a multi-billion Global Major in Xstrata and can open any door in Mining / Investing / Government Boardrooms/Circles around the World ?!

[cyberbub] 06/4/2021 14:29

I would just remind people that Pensana Resources (PRE) has a market cap today of £320M (was £400M recently). In my view the economic case at Pensana is broadly similar to FAR, in fact FAR is probably a bit better.* Both have top class management (after Mick Davies has come on board)* Both have a BFS almost complete.* Both need relatively modest capex to build their mine.* Both have large resource bases (I would say FAR's economic case is better due to the co-product credits).* PRE has indicative debt funding agreements, but no equity deal yet. FAR is the other way round (better IMO as it's clearer).* PRE is setting up a vertical integration manufacturing unit in the UK. FAR doesn't have that yet, but they have mentioned the possibility.* Both PRE and FAR have existing transport and power infrastructure on their doorsteps.* PRE is in a reasonable position to access markets by sea. I think FAR's position is better as it has easy access to both Europe and China (albeit rail is a bit more expensive than sea transport).* I would say that Angola is a notch above Kazakhstan in political risk.So given the points above, if FAR were to hit £400M cap like PRE, then even at our committed diluted shares numbers (approx 420M), that would be 95p....No advice intended, DYOR etc

[fillipe] 06/4/2021 08:51

ASK - 44.5p, a nice healthy start to this new tax year.

f

[cyberbub] 06/4/2021 08:50

Let's see if we can break 43p at the third time of asking... ? (Sigh)

[pandemic21] 05/4/2021 06:45

Ex share holder

[cyberbub] 03/4/2021 18:35

Yes I agree. Bridgen won't mind too much as long as he can keep his shares until 100p+.It wouldn't surprise me to see that some of the instis which bought NB's shares last week could be allied to Davies.I think Bridgen has actually done a decent job with very little, over the last 10 years, he's created the basis for a major mining company and removed a lot of the risks.

[the stigologist] 03/4/2021 13:43

Bridgen is on his way out. Mick Davis is not a Non-Exec Chairman. He is Chairman. Take it as read he will be Executive Chairman.

Bridgen will be kept around to allow him a dignified exit but there is a reason Sir Mick is bringing over his own Xstrata Ferro Alloys guy to run the show.

[cyberbub] 03/4/2021 13:11

Quite possible GoodGrief... This person seems to have a lot of knowledge about a private legal matter, and wouldn't say where he'd got that knowledge from...

[goodgrief] 03/4/2021 11:18

Not a big fan of technical Chartists, but I do like this from Zak Mir..."A good example of one of the relentless risers has been Ferro Alloy Resources (FAR), the vanadium play which now has ex Xstrata supremo, Sir Mick Davis, as Chairman. With the company being mentioned as potentially sitting on an asset which is as key to vanadium as Saudi Arabia's assets are in crude oil, it would appear that professional investors regard FAR as the next big thing. This is particularly the case as the "punters" seemingly exited for good at far lower prices than the present 40p. The latest rise for the stock has been a 16% jump, not really looking back since CEO Nick Bridgen's Share-Talk interview on Friday.

[goodgrief] 03/4/2021 10:56

Are you Mrs Bridgen? Just sayin...