Share Name Share Symbol Market Type Share ISIN Share Description
Ferro-Alloy RE. LSE:FAR London Ordinary Share GG00BGDYDZ69 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -2.605p -6.52% 37.3725p 108,045 16:35:06
Bid Price Offer Price High Price Low Price Open Price
36.745p 38.00p 40.995p 37.50p 40.995p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 117.0

Ferro-Alloy Resouces Limited (FAR) Latest News (1)

Ferro-Alloy Resouces Limited News

Date Time Source Headline
18/4/201907:00UKREGFerro-Alloy Resources Limited Operations Update
17/4/201912:07UKREGFerro-Alloy Resources Limited Second Price Monitoring Extn
17/4/201912:02UKREGFerro-Alloy Resources Limited Price Monitoring Extension
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Ferro-Alloy Resouces Limited (FAR) Discussions and Chat

Ferro-Alloy Resouces Limited Forums and Chat

Date Time Title Posts
18/4/201916:47FAR and away one of the best prospects out there36
09/11/201814:491St Aust Res Ltd (Sydney ASX) : CHART AND DISCUSSION THREAD (moderated)9
31/8/201609:26FAR to go-
24/8/201022:31WE ARE WATCHING YOU !1,192

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Ferro-Alloy Resouces Limited (FAR) Most Recent Trades

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Ferro-Alloy Resouces Limited (FAR) Top Chat Posts

Ferro-Alloy Resouces Limited Daily Update: Ferro-Alloy RE. is listed in the Mining sector of the London Stock Exchange with ticker FAR. The last closing price for Ferro-Alloy Resouces Limited was 39.98p.
Ferro-Alloy RE. has a 4 week average price of 23p and a 12 week average price of 23p.
The 1 year high share price is 64p while the 1 year low share price is currently 23p.
There are currently 312,978,848 shares in issue and the average daily traded volume is 85,263 shares. The market capitalisation of Ferro-Alloy RE. is £116,968,019.97.
jc2706: tsmith2, I agree that their goals are very attractive in the medium and (especially) long term and if they achieve them then this will be a valuable company (if they hit their long term goals then it will be a lot greater than £1bn). The primary reason I am cautious is the poorly managed IPO (the valuation was ridiculous in my opinion and the market doesn't tend to look that favourably on botched IPOs) plus the valuation is high for their current offering and seems to pretty much be factoring in the move to 1500 tonnes. If you consider that the Market capitalisation of Largo is currently £510m, or around 4 times as much as FAR, and yet produces about 10.5k tonnes V2O5 compared with the 1.5k tonnes that FAR are gearing up for. Yes, FAR is projected to have better margins but there is delivery risk to consider. I confess that I am not a particular fan of the CEO either, although give him his dues, he did get a resource to production which is something that an awful lot of CEOs fail to do. Finally (on the negative side!), I have seen so many companies come to the market with plans to do things in a timescale that fail to deliver which has left me somewhat jaundiced of promises. If you look at a company we both hold, SHG, for example the share price is still way under its float price many years ago and this is far from atypical (HMB is still way under in its current guise as ALTN). On the positive side, they already have a processing operation which is great and are achieving revenues. As such, gearing up to 1500t V2O5 will be lower risk than a greenfield operation. The cash flows that deliver will go a long way to achieving their development goals of the larger asset which should mitigate dilution. On the very positive side is the blue sky potential of the developments which are ideally positioned to take advantage of a VRFB revolution should it materialise (which I suspect is entirely possible) and their tier 1 asset will make them a force to be reckoned with in the market.
tim000: I started to acquire a holding here today (not all the transactions were sales). Given the medium-term prospects here, it's amazing that this board is so quiet. I guess the share price is going to be just as volatile as the price of vanadium. Moreover, my experience of these deep value mining stocks is that the share price often weakens upon listing, and buying momentum only builds once the mine nears significant cashflow. Of course, in this case the mine is already generating a small amount of cash, but real profitability is still up to a year away as I understand it. Nicholas Bridgen didn't have a lot of success with HMB, but the beauty with this mine of course is that they already have a successful mini-processing plant, so they have proven competence in developing operations. And of course it is extremely rare to be able to invest so cheaply in the world's lowest-cost producer. Surely the mkt cap is going to exceed £1 bn on a 5-10 year horizon? ie roughly a ten bagger from here.
robin_of_loxley: 13.03.2006 Empyrean Energy Maintains That Its Horizontal Drilling Of the Eagle North Well-1 Well in California Is A Good If Not A Conclusive Augury For A Commercial Discovery Share prices can be very volatile during drilling. As we never tire of saying, even with all the seismic in the world and access to previous drilling records, you never know if you have a commercial discovery until you drill. "Only Dr Drill knows" is the saying in the trade. To this should be added "you never know until you have drilled and tested a well". In recent months a couple of large companies who should know better have announced a discoveries that were not discoveries because on further testing they turned out to be non-commercial. Some smaller companies have drilled wells, said this looks interesting, and then taken the rig away to drill something else. Admittedly there is a worldwide shortage of rigs but, as they say in opera, it's not over until the fat lady sings or, in the case of the oil and gas industry, until a well has flowed commercial quantities of oil and gas. All this being said, it is a little surprising that the share price of Empyrean Energy saw a sharp drop when it announced there would be horizontal drilling on the Eagle North-1 well in California. The vertical well had already reached its target depth. The horizontal drilling might again turn out to be non-conclusive but, all other things being equal, it is a positive development rather than a negative one. Empyrean, which also has assets in Germany, has the right to earn a 38.5 per cent interest in the project by funding 55 per cent of the costs of the Eagle North-1 appraisal well. The well is operated by Australian firm Victoria Petroleum, which, like Empyrean, is quoted on London's Alternative Investment Market. For Vicpet, the Eagle North-1 well is a bit of unfinished business. The Eagle Oil Pool was discovered in 1986 by the Mary Bellocchi-1 well in which Victoria Petroleum was a participant. That hole flowed up to 223 barrels of oil per day and 0.7 million cubic feet of gas per day from the Gatchell Sandstone during testing but, at the then prevailing oil price of US$11 a barrel, was considered uneconomic. In 2001 the Eagle-1 horizontal re-entry of Mary Bellocchi-1 found 90 metres of gross target sands in the Gatchell Sandstone reservoir before being lost due to mechanical problems. In May 2004 a 14 km seismic strike line was acquired to further define the updip extent of the Eagle Oil Pool. The Eagle North-1 appraisal was drilled 400 m north of the original Mary Bellocchi-1 well. In February 2006, the partners announced that preliminary analysis of the wireline logs of Eagle North-1 indicated oil saturation in the target Gatchell sands over a 21 metre gross interval from 4,136 metres to 4,157 metres with net pay of 7 metres. Wireline logs also indicated that the top of the Gatchell sand drilled in Eagle North-1 was at the same level as seen in Mary Bellocchi-1, thus providing further support for the interpreted presence of a commercial Eagle Oil Pool in a potential stratigraphic trap. Then last week, the partners announced they were preparing to drill a horizontal well towards the lower Gatchell oil sands that produced oil during testing of the Mary Bellocchi-1 well. The horizontal well will drill laterally through 300 metres (within a vertical column of 15 metres) of lower Gatchell oil sands to determine the potential horizontal flow rate. So what does this mean exactly? In blunt terms, it means the companies are trying to shorten the odds against failure. By drilling horizontally, they are increasing the area exposed to production casing (from 21 metres to 300 metres). The Mary Bellocchi –1 well flowed at 223 bpd and there were 90 metres of gross pay in the re-entry. So, in theory, it could flow at three times that: perhaps 600 barrels of oil plus some gas. Or the well might find non-commercial amounts of oil and gas even if the partners can overcome the problems of formation damage. The horizontal drilling should take ten days – that was last week so investors don't have much longer to wait.
munchkinpumpkin: I think FAR have simply not communicated and we are all a little sceptical. This compnay should be doing far better in the current climate. Also share price is about expectation and I for one dont expect great things from these guys 'till they happen
ashergol: The interim results were good, and the share price has reacted accordingly. What this share needs is some press coverage. Hopefully this may come in the form of The Investors Chronicle, who rated the shares as a 'Speculative Buy' on the 18th February. There should be an update following the results either tomorrow or next Friday.
hotfinance14: I see the trade go through quick.......share price at 3p by year end.I hope you are correct. Do you think the software package will sell then ?
the knowing: Lets hope that they are winning a number of contracts and then the share price will reflect the potential. Security ......a prime concern in this world. TK in Guatemala
mufmitz: I do suspect the share price will stabilise at these levels ahead of some news.
mufmitz: One small sell and the price unchanged. When a share price is down at 1p it is a bit worrying!! I just hope that FAR is more stable in terms of the future than it has been in the past. We could do with some news from the CEO about sales.
the knowing: With the hightened risk of terroist attacks this little company could be a very good bet and reap the rewards of companies/governments/police etc looking at additional surviellence methods which FAR can supply. Also the problems associated with schools in regards of violence may lead to additional security measures being taken up. There are many areas of our present society that require close monitoring. These include shopping centers and public places. If FAR can capitalise on this increased risk and win further contracts it is only going to add to the value of the present share price.
Ferro-Alloy Resouces Limited share price data is direct from the London Stock Exchange
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