Ferro-alloy Resources Share Discussion Threads

[zb27] 19/3/2021 20:14

Its quite simple. Each share has an individual chat board for a reason!!!

[losses] 19/3/2021 20:09

Chill out... all info is good.

[zb27] 19/3/2021 19:28

Looks like alot of disgruntled BMN investors making there way over to FAR chat board!! Dont know anything about BMN, and frankly not interested, otherwise I would be on that chat baord. Stick to your own peeps, each share/company/mine is completely different, don't compare apples with oranges, if you want to do it, do it on the BMN board!

[goodgrief] 19/3/2021 19:22

If Eskom get the finger out, then yes, BMN will rise 100%. But FAR fall 50%, I think that unlikely. Just watch the latest VSA video. FAR has been entirely de-risk.I hold 2 BMN shares for every 1 FAR share precisely because I deemed FAR more risky. But not now!!

[gah123] 19/3/2021 19:09

You can lead a horse to water but you can't make it drink springs to mind. In my opinion BMN will rise by at least 100% within a month and FAR will fall by 50% over the same timeframe. Just common sense when comparing the respective assets of each relative to their market caps.

[cyberbub] 19/3/2021 18:35

Me too Stig, I already had quite a few and no spare cash but I should have sold some other shares and bought more FAR!Never mind I'm happy with how many I've got, if they achieve their plans over the next few years I will be able to retire early on a very comfortable income indeed, touch wood.NAI

[the stigologist] 19/3/2021 18:19

Monday morning about 08:00 - 08:15 after reading Mick Davis news

Still kicking myself I didn't buy more 🤦‍a92;️

[purchaseatthetop] 19/3/2021 18:08

Amazing ride for all of you over on FAR. I have watched with a combination of awe and fear!

I am a BMN investor so am sort of jealous....not often I admit that.

Anyway...just watch out for getting spiked if you are a newbie. When a market cap multiplies by 4 in a few days there usually is a drop. This company has a long long way to go to be anywhere near this valuation and it is a traders heaven. Watch out for a drop from Tuesday when the traders exit.

Good luck.

[cyberbub] 19/3/2021 18:05

I know some people will be looking at the massive rise this week and thinking it may soon be time to sell.If you're a short-term trader then maybe. But if you have the patience to treat FAR as an investment, consider this:Within 4 years, if Phase 2 is fully operational, then the company could be making $400M+ operating profit each year. Say £200M after all taxes, investment, depreciation etc. Put it on a conservative p/e of 10 (given the low-risk nature and the decades of resources I would think higher but say 10). That's a market cap of £2bn - the company is throwing off so much cash that debt will probably be modest and falling fast. We already know from the funding deal that there will be approx 500M shares in issue.* £2bn / 500M shares = 400p share price.* If 50% of profits are distributed as divis (why not, it will be a cash cow!) then that will be £100M / 500M shares = 20p per share and a 5% yield.But buying at today's share price that's a 50% yield in the fullness of time... 50%! No wonder instis will be scrambling to get in IMO...NAI DYOR etc

[telbap] 19/3/2021 17:50

@stig....when did you get on board here?

[the stigologist] 19/3/2021 17:18

Finishing at the highs of the week after a 300% move is spectacular

Note 'candle wise' we had an 'inside day' as part of a bull flag continuation pattern

[cyberbub] 19/3/2021 16:47

Great finish for a Friday afternoon IMO

[the stigologist] 19/3/2021 16:37

I will buy BMN when they mirror FAR by

1. having a share price of 10p

2. CEO divorces wife

Please get back to us when both those conditions are met

[telbap] 19/3/2021 16:23

Wow handbags at tea time!I am surprised FAR is main market given its mcap, guessing there is a story here somewhere?

[manni786] 19/3/2021 16:20

Errrr at what point did i say FAR is on AIM. Thanks i didn't. Without mentioning the other share that you mentioned yourself I was pointing how manipulated the other companies market is (AIM). Not that you needed me to tell you though. Im fully aware FAR is on the main market but thanks for telling me again!

[cyberbub] 19/3/2021 16:07

I'm sure BMN is undervalued, but they are very different companies. No point trying to compare apples with pears.

[zb27] 19/3/2021 15:46

If you are that heavily interested in BMN, you need to stay there, why would come on here for!!! And to prove my point about doing research first, Ferro Alloy is NOT on the AIM Market its actually listed on the LSE MAIN MARKET!!!

[manni786] 19/3/2021 15:33

My last post on this but clearly you havent factored in BMNs colossal iron resource.. their phosphate resource (removed to get to vanadium), the coal mine and electricity plant they own in Madagascar along with their holding in Afritin! Oh did i mentioned ion their stake in IES and enerox - both VFRB Manufacturers.Bmn is one of the lowest cost producers of vanadium today.. no jam tomorrow nonsense. Once again well done to holders but to this just shows how disconnected the AIM market is from reality and how manipulated it by the different forces at hand.Over and out.

[maytrees] 19/3/2021 15:24

Irritating and misleading that the MMs sometimes wait hour(s) before publishing trades

[zb27] 19/3/2021 15:23

No 2 Mines are the same!!! FAR mine is very very unique. Not just the size and scale, cost of production is -$1.20 per pound (a credit), yes read that again. Once all the by products are sold, Vanadium cost of production would get a credit, then ask yourself why Sir Mick And Mr Trahar (Ex CEO's of Xtrata and Anglo American) want to buy upwards of 30% of FAR! $20m at 78p. BMN may be good, but don't come on here with misinformation. This is huge, and whoever has done there research will fully understand.

[losses] 19/3/2021 15:20

I'm in BMN aswell that will definitely also come good at sone point.

[milliecusto] 19/3/2021 15:02

Total fantasy, bushveld minerals produces 20 times the volume and you suggest far would eclipse it in mkt cap, your ramping is legendary

[manni786] 19/3/2021 14:55

Im not here to deramp but no1 can argue that any business should be valued to its peers. Yes i wish i had been in here (and im not) but compare this to similar vanadium producers and processors and I honestly cant see why one would select FAR over the other businesses.Well done to all those holding though.

[rmart] 19/3/2021 14:55

Superb run here again guys.

Take a look at CRCL and their 50% ownership of the Dempster Vanadium Project in Canada. The rise has not even started there yet. £4m market cap !