Ferro-alloy Resources Share Discussion Threads

[cyberbub] 19/1/2021 11:51

NB has said that the small plant should deliver $10M net profits when it's working full time after the HV power connection is installed in April/May. Let's say he's being optimistic and assume $7M = £5M. On a modest P/E of 10 that's a £50M cap = 15p share price. So it's still undervalued today at 11p even based on just the small plant!... With the giant V resources thrown in for free.NAI DYOR

[cyberbub] 19/1/2021 11:43

I would agree that things have taken far longer than they should have. I guess as an unlisted company in a non-Western country they were struggling with levels of capital - but the IPO finally gave them what they needed (or almost enough anyway - they've had to raise more) to finish the 'small project'. They should have raised more at IPO - but hindsight is easy, or maybe there wasn't enough appetite. As Rmart says, let's look "forwards" not backwards. *If* they get the BFS completed in the next few weeks *and* the small plant moves into steady profitability by Spring, then the future should be much much brighter. My assessment is that both of those things will happen - your assessment might be different.

[jailbird] 19/1/2021 11:24

Keep it balanced , if you invest without considering all the risks Then you deserve to lose all your money , especially when is has been running for years Keep saying the BFS is so important but it has not been given the priority it deserves

[jailbird] 19/1/2021 11:10

I have asked few questions and concerns but heard nothing back yet Not even acknowledgement This has been the standard response - zilch

[rmart] 19/1/2021 11:07

here is the link

[cyberbub] 19/1/2021 10:13

It's a legitimate question IMO jailbird, you keep asking it. Have you asked NB for why it's taken so long?

[rmart] 19/1/2021 09:17

i see the future, the next 12 months, we can all look back and pick fault, this is AIM, now is the time for it all to come together.

[jailbird] 19/1/2021 08:55

Pinched this from LSE Far is 20 yrs old "The Group's operations were initially of small scale intended as a pilot plant to demonstrate the technical and financial feasibility of treating ore from the Balasauskandik deposit. In February 2011, management of the subsidiary Firma Balausa LLC decided to temporarily stop the production at its plant in order to modify the process by introducing conventional crushing milling and autoclave leaching. The improvement was intended to enable greater recovery of vanadium, reduced sulphuric acid consumption and allowed the extraction of the carbon and flux by-products, which would be available for sale. No vanadium was produced in 2011 to 2014. During 2015, the Group changed its production technology from autoclave leaching to atmospheric leaching of purchased iron-containing concentrate and carried out the reconstruction of the corresponding plant equipment. In September 2015, the Group started preparatory work for the production and in October 2015 performed a test release of hydrated vanadium pentoxide, and then continued pre-commissioning activities.""Current operationsIn 2015 the pilot plant, which had been used to demonstrate and refine the processing methods to be used by the Group in developing the Balasausqandiq vanadium deposit, was modified to become a production plant to treat purchased concentrates. The objective was to use the plant to generate cash flows from small-scale operations, to be used in the development of the main project. Commissioning of the modified pilot plant started in the last quarter of 2015. No sales were made in 2015. In the middle of 2016 production was achieved and the first shipments of vanadium pentoxide were made in July. Up to the date of these consolidated financial statements, three sales have been made to three customers in three countries. New equipment has recently been installed and production is expected to slowly increase as operators become more proficient at handling the increased levels of production that the plant is now capable of. The management expect a positive cash flow from operations from January 2017 onwards."So they had a mine running up until 2011, stopped work to upgrade, 4 years later they made no vanadium so converted the plant to run concentrate.5 more years later and they are still running at a loss, but promising the world.This is supposed to be a huge deposit which according to the CEO is amazingly easy and cheap to extract relative to other mines so why did they only start the bankable feasibility study recently?They've wasted almost a decade, why?Don't get excited at the 70p SP, that was based on vanadium prices around 4+ times what they are now and I suspect ppl believing they were mining a $2bn vanadium deposit already not an $100M crude oil processing plant.I see red flags, don't you?

[rmart] 19/1/2021 08:16

I will check

[cyberbub] 18/1/2021 23:03

There was a video where NB was being interviewed in person across a table - dated Jan 2020 as I recall. I refreshed the header and it vanished!

[rmart] 18/1/2021 22:38

I haven’t changed the header, which video do you mean?

[cyberbub] 18/1/2021 20:30

Thanks again for setting up the thread Rmart. I hadn't seen the first interview clip, very useful, especially because the interviewer gives the CEO a hard time, unlike some of the 'soft' interviews on Proactive etc

(Edit) Er... where did that video go, Rmart? It's been replaced by a Proactive interview!

[cyberbub] 18/1/2021 19:57

For those who believe in charting, there seems to be a 20-50 DMA 'golden cross' forming this week... many think these are precursors of a big rise in a share price I leave you to make up your own mind LOL

[cyberbub] 18/1/2021 17:37

If you have some credible evidence, links or incidents to report, we'd all be pleased to hear them Sherlock. Or is it just "hearing" and allegations? I've taken a screengrab of your calling him a "compulsive liar" anyway - I imagine that's actionable without evidence.

[rmart] 18/1/2021 13:32

any small rise which holds is great until the news comes which will blow it out of the water. Nothing wrong with nice steady rises.

[jailbird] 18/1/2021 13:06

* install of the power line

[jailbird] 18/1/2021 13:06

The install of the peer live is one year behind schedule so expect BFS to be as well .So end of this year is my forecast if all going well .

[jailbird] 18/1/2021 13:04

Not received a Reply yet from the CoUnless an off take or royalty agreement can be made ( unexpectedly pull a rabbit out of a hat ) , I am not buying into any rides .It has trading between 8-12p for some time now. I need to see the BFS but not seeing any info on the cash needed to complete it .

[jailbird] 18/1/2021 12:59

Thanks , yes read that one but since nothing materialized , I thought there must be later newsSince that update only small dilution and debt via bonds has been issuedFinancingThe Company is currently debt free and has no significant options or warrants outstanding. As part of its near-term funding requirements for the expansion of existing operations and working capital needs, the Company is in advanced discussions regarding a loan of up to $1.3m and the Board is considering other sources of capital including the issue of equity.The Company expects to raise a significant

[cyberbub] 18/1/2021 12:42

RNS Dec 2019

[jailbird] 18/1/2021 12:27

You best point me in the right direction as I cannot find this information