Ferro-alloy Resources Share Discussion Threads

[the stigologist] 15/3/2021 11:49

That chart has some great upside potential in it

The name of Mick Davis being attached to this is huge news

What a great double whammy for holders

[driver101] 15/3/2021 11:13

Cyber

Cheers great post as usual.

[cyberbub] 15/3/2021 11:03

An outstanding update, and as I predicted raising money has actually led to a massive jump in the share price rather than a collapse, as the big cloud of uncertainty has been lifted, and investors know that the full-size mine now definitely has enough money (and importantly support from credible major investors) to be built!

FAR have raised (or the investment agreement will raise overall) easily enough money through equity to facilitate the remainder of the Stage 1 investment through a debt package. I would expect negotiations with banks and lenders to start stepping up speed now.

Although the share price of the raise (9p) is maybe lower than I would have hoped, nevertheless beggars can't be choosers. The overall dilution is not excessive. And look at the prices for the additional $30M investment - $10m at 25p and $20m at 78p! I expect that the first $10M tranche will be used to fund Stage 1, and the second tranche to fund Stage 2.

IMO we will now see the following:

* The existing operation will have its power connection finalised within 6-8 weeks, as per the RNS.
* With the new cash I would expect the BFS to move to completion within 4-5 months hopefully, as visits become allowed again.
* Release of the BFS will trigger the further Vision Blue $9M investment, which will allow long lead-time capital items to be ordered.
* Then finalisation of the debt package, by Q4 IMO.
* Then full steam ahead for my earlier prediction of first production from Stage 1 in 2023... When in production I expect the share price to be well above 100p.

Just as important as the money, Bridgen has also brought on board some respected and experienced additional people. This will give confidence that we aren't relying on a single CEO and a somewhat shadowy Operations Director.

Basically today marks the company moving from a (perceived) 'Mom and Pop store' with blue-sky prospects, into a fully fledged world-class miner!

Well done to Nick Bridgen. He's bitten the bullet and 'gone for it' in order to get the project finally stepping up a gear (or 2 or 3 gears!), after several years of slow and stuttering progress.

I expect Bridgen will be offloading 5-10M shares to another insti shortly as I hoped, after this confidence-boosting announcement for LTHs.

Vision Blue clearly aim to get up to 29.9% eventually. After the various fundraisings, Bridgen's and Kuznetsov's holdings will be diluted, but I think they will still just about hold 25%+ between them - enough to prevent a takeover at an unreasonable price in future.

NAI DYOR

[driver101] 15/3/2021 10:17

cyber

Well done good call..

[cyberbub] 15/3/2021 10:08

Look at my post #218....:-) :-) :-) :-)

[driver101] 15/3/2021 10:06

VSA Capital Morning Miner Ferro Alloy Resources Special

[mikro1] 15/3/2021 09:46

I'm very pleased with the investment and board change. I think we all suspected the current management needed bolstering to achieve their ambitions - and now they have one the most effective people in the industry to help with this.

[jailbird] 15/3/2021 09:36

Might get the expertise on board now

[mesb48] 15/3/2021 09:26

hxxps://soundcloud.com/user-596578261/vsa-capital-morning-miner-ferro-alloy-resources-special-150321

hope this works..

[johncasey] 15/3/2021 09:24

shes flying now

[mesb48] 15/3/2021 09:16

worth listening to the VSACapital Morning Miner podcast this morning

[johncasey] 15/3/2021 08:53

massive news today...20p ?

[jailbird] 15/3/2021 08:48

Remember what happened Twitter ramped it upI imagine a lot of stale bulls from back then

[cantrememberthis2] 15/3/2021 08:41

15p today?

#FAR

[sleveen] 15/3/2021 08:33

Bought 20k shares just now. Been watching FAR for sometime.

Clearly the strategic investors can see the upside from here and so can I.

[mesb48] 15/3/2021 08:31

yes, there is dilution. but the flipside is the business has cash to move forward, some heavyweight backers with serious connections (who must have an exit in mind too further down the line). think this is a better proposition today than it was last friday. hopefully this is the start of the end of the gradual drift

[jailbird] 15/3/2021 08:19

Not sure what make of it yet .We have all this dilution and bonds and CLNs .. it is a mess All this for only just part finance the 1st phase of Bala .Value erosion and not even have a BFS study yet

[mesb48] 15/3/2021 08:14

Big news. Especially like the fact there's going to be a new chairman with significant skin in the game to hold management to account operationally and move things forward.

[pugugly] 15/3/2021 08:12

Existing shareholders sold down the river yet again - Bargepole management (imo) PLUS potentially significant political risks.

[jailbird] 15/3/2021 08:10

Might a trade on though

[jailbird] 15/3/2021 08:01

Operations still poor , no cash flowStrategic investment does not look great with respect to give away 21% of Co for 9p

[wiloughby2] 15/3/2021 07:47

Wow. Couple of real heavyweight investors. They are not here just for their good health. Let's hope they can weave their skills and use their contacts.

[goodgrief] 15/3/2021 07:43

Strategic investment by Mike Davis by his new investment vehicle Vision Blue should put FAR in the spotlight!

[cyberbub] 12/3/2021 16:38

How many buys do you calculate? The 616k today was marked as a sell by ADVFN but was clearly a buy. The only way it wasn't a buy is if there is a much larger buy (5M+ shares level) being 'worked' in the background...

All IMO