According to FAR they're wisely offering it initially at a lower price, which will get income coming in for a new product to develop the infrastructure, then I think Claws75 is correct, once it's proven the green agenda will push this net free to produce green product upwards, I'm finally getting excited about this share!! |
You are both clueless |
That makes more sense to me now |
JB apologies that wasn’t made clear, that should read; there will be slightly over 1 billion shares in issue. Not a further 1 billion being issued. |
TT"there is over 1 billion shares already planned to be issued when / if certain milestones are hit. That’s even before funding for the plant construction."I must have missed that earlier , that is a huge number |
Well let's see who is right , shortie |
JB I see from the recent RNS’s that there is a lot of R&D being invested into the process plant and this is with existing employees, their track record is poor. No idea how this will come to fruition with the existing staff. I know a past contractor at the plant who confirmed the phase 1 investment was $100m (2020) and is now looking at $400m due to inflation and changes of process. That didn’t include any developments from the CBS announcement |
Another thing that is a major red flag is the inability of the BoD and existing ( apparently skilled staff readiness ) to even work a small pilot plant to optimal levels What chance they will be able to deliver has a real large operational Unless NB is removed and real experts are installed this will never be built let alone be a producing miner Infact the funding such a project require real expertise and in this high interest and inflation environment, the cost will be much higher than it was 3-4 years ago |
Driver, if you want to call it blowing hot and cold then so be it, I like to call it learning from experience. 3 years ago this looked a good investment but the track record has been very poor and there is over 1 billion shares already planned to be issued when / if certain milestones are hit. That’s even before funding for the plant construction.
What I don’t certainly like seeing is this Levi contaminating the board without a balanced view, sucking people in. He mentions about cbs generating $100m a year which is correct but no mention about the reduction of income from vanadium due to the price. The total net effect on revenue for far due to the vanadium price being at $5 per LB is only circa $20m per annum. |
Unfortunately for you it's not. Not me . Close your short and have a happy Christmas |
It's only you buying here ..lol |
The 199,750 was obviously a buy too, shown as a sale. It was from 9.14 posted late. See the price then !!!!! |
The 2x 100,000 's traded at 9.13 a.m are buys , even though shown as sales |
Wonder whether radar will pick this up in the newspapers as a tip for 2025.Imo this share is going to rise massively but that would accelerate itAlso imo another RNS when the new shares are admitted on Jan 6 or could be even before. Dyor but look at my continual track record on this thread |
Buying seems to have just commenced for the day |
In today's RNS :Feasibility study is the big one - they said they will keep dropping news in the run up Imo so should creep up until then and then explode upwards.Additional market maker too in the RNS. The his former minnow is starting to get on the radar . Happy times ahead |
15p incoming before the end Dec. |
The trades going through are hundreds of thousands of buys from an hour ago but shown as sales. V strong buying |
In the teens today ? |
Brilliant news. First target 25p and £1 next year |
RNS
Taking shares as apposed to cash, they know where the share price is heading. |
Good buying this morning. Starting to build up . Off we go.... |
TT
You do blow hot and cold. Make your mind up I agree with your comment in 2022.
Been reading past FAR announcements, RNS dated 28th June 2021 gives me confidence in this investment. Sir Mick Davis, Chairman, commented: "The Ferro Alloy and Vision Blue teams have worked closely together over recent weeks to enhance the Feasibility Study for the Balasausqandiq vanadium deposit and we are looking forward to reporting on progress in the coming months. As we continue our work I am increasingly convinced of the Balasausqandiq deposit's potential to become the leading vanadium asset in the world. Uniquely, Balasausqandiq benefits from a combination of low capital and operating costs, access to infrastructure, an advantageous location and a scale that means it can meet our expectations for significant growth in demand for vanadium - which we foresee due to its growing use in high grade steel and flow batteries." |
Exactly. The Board are very shrewd and will act in the best interests of the Co. They also have share options at around these levels so of course what you say is right.Let's look forward to £1 Happy Christmas |
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