Ferro-alloy Resources Share Discussion Threads

[the stigologist] 23/3/2021 19:50

Listen to full 30 minute webinar with Mick Davis on why he's investing in FAR and become Chair

He is fully committed to this and you'd be nuts to bet against him

Guy is going make this Company huge IMO

Get the FAR asset into production then use the cashflow from that as acquisition currency to build a larger mining conglomorate in Battery Metals for the coming 10-20 year Supercycle

[cyberbub] 23/3/2021 19:08

One day you will live a 'glass half full' life, Jailbird! :-)

[livewireplus] 23/3/2021 18:55

The divorce settlement requirement was known a year ago:Director Lock-In & Orderly Marketing Arrangement - 07:00:06 19 Mar 2020 - FAR News article | London Stock ExchangehTTps://www.londonstockexchange.com/news-article/FAR/director-lock-in-orderly-marketing-arrangement/14467958?lang=en

[purchaseatthetop] 23/3/2021 18:38

I posted a message on Friday pm warning that there would be a fall early this week. Never trust the Board of Directors of any company especially miners.
The short term traders are or have left and the PI's are usually left to carry the can.

Be careful until you see how far it falls. This share is vastly overvalued considering what needs to be done to produce the end result.

[driver101] 23/3/2021 18:33

Not happy with this GBP4 million to satisfy an obligation relating to a divorce settlement. I mean how much does she want, and who was carrying on him or her. ???

[the stigologist] 23/3/2021 18:29

Expect 30p to act as the base now for the next move higher

[jailbird] 23/3/2021 15:58

If NB has embarked on the BFS at IPO, this would already be in production today Looks like it was lifestyle for NB and without VIsion blue this would have become another Hambledon mining

[jailbird] 23/3/2021 14:23

I am not surprised Cyber Technically overbought . It needs to consolidate now .I can see sub 30p re-tested The pilot plant has brought in the skills and experience now but is insignificant now going forward

[jailbird] 23/3/2021 14:21

Thanks for that SOS Sir Mick is no pushover , seen it , heard it all before and made mistakes .The importance of the BFS cannot be underestimated.It will derisk the NPV, cost and mechanical engineering process requirements to deliver this project to construction phase 1Expect BFS by end of this year if all goes to plan

[the stigologist] 23/3/2021 13:50

Mindblowing

Sir Mick Davis pitching FAR as the Next Big Thing

[sos100] 23/3/2021 13:39

Webiner with Mick Davies

[mesb48] 23/3/2021 09:06

Per last Tuesday’s VSA podcast, they were to be doing investor meetings with both Davis and Bridgen today/yesterday. Have to think some interest will arise from that and it suits those meetings for there to have been a slight pullback. Then we’ll have a base from which to build.

[cyberbub] 23/3/2021 08:54

Surprised to see such a big dip, but it's on comparatively very low volume. Let's see if we have a bounce later this morning...

[the stigologist] 22/3/2021 19:41

You can see on the way down in 2019 there were 3 distinct waves of almost similar magnitude with 2 'slingshots'/pauses/attempts at counter trend rally

Similarly we've already had one example on the way up 2 waves and 1 slingshot / 1 pause so far

Expecting a third wave up before we start to consolidate most likely around the all time highs / IPO price / Mick Davis option price of 78p



You can see last Wednesday we had a 'Down' day a Black Negative Candle. But it was entirely within / inside the preceding Positive White Candles.Thus it was an 'inside' day and didn't invalidate the general positive Bullish trend as we saw with subsequent big push higher on Friday

Again today's 'Down' day is entirely 'Inside' the preceding Positive white candle so it shouldn't invalidate general positive trend

Furthermore the Up days are high volume
The Down days are lower volume
That gives secondary technical confirmation to the bull case /pattern continuation

[telbap] 22/3/2021 17:54

Well it's certainly a down Day stig....

[cyberbub] 22/3/2021 15:49

No idea what that means but I assume you'll tell us later LOL

[the stigologist] 22/3/2021 15:45

For the slingshot we need today to be a low volume 'inside' down day

[cyberbub] 22/3/2021 15:43

Unlikely IMO - probably a bit of consolidation for a few sessions. Happy to be proved wrong LOL

[losses] 22/3/2021 15:29

Wouldn't surprise me if we closed blue today.

[the stigologist] 22/3/2021 12:31

When you get these little retraces on stocks under Institutional accumulation it's a good sign and sets the stage for next slingshot higher

[jailbird] 22/3/2021 11:42

I am sure VSA will sell some into this rise . These ppl are investors not gamblers . It will be part of their derisking strategyIt just means that the agreed future cash raising will be free money to them. Be a foolish strategy not to sell a slice of the 30m above the 25p placing price Very clever these ppl .They know that if the BFS is not as expected , they do not have put up the monies at 25p and 78p. And everyone will be trying to get out of the doorI do not believe the BFS will be of concern of course but these big investors have a derisking strategy, not like PIs who just get caught up in the big numbers

[robertjbeck] 22/3/2021 09:47

I researched the stock several months ago and took a position based on huge value opportunity. My take on the reason that the share price was stalled was delay in getting the initial small project ramped up to provide funding for the larger project development as well as delay in bringing the mains electrical supply which was resulting in disruption from the local supply. Both issues were being addressed but I expect this investment from Sir Mick will accelerate the plan and get into full scale production much earlier. The economics of the project were outstanding with NPV @ $2 bil and IRR @ 89%. The stock has a lot further to run imo but for me it is a long term hold as the exceptionally low cost of production and free cash flow will drive MC appreciation and likely result in decent dividends.

[cyberbub] 21/3/2021 19:27

Crossed posts TTLance! :-)

As mentioned, execution risk (getting the mine actually built) and political risk (Kazakhstan state corruption, dodgy dealings, resource nationalism etc) remain, in addition to the economic risk which is always present.

In terms of execution risk, I think Mick Davies will make sure the mine gets debt funding and is built successfully. Of course it's never possible to rule out any bad luck, accidents or 'black swan' events.

As for political risk, it certainly exists, but I don't think Kazakhstan is as dubious as some places which still get Western investment. Most governments are desperate for jobs and tax revenues these days, and don't want to get a reputation for poor governance and scare off Western capital. There are a number of good-sized Kazakhstan-based miners already listed on Western exchanges which all seem to be reasonably successful, and not encounter too many problems.

That leaves only the eventual economic case of the mine, which largely depends on the long term V price, and demand for the product. As for that, who knows, but the amazing thing is that with the deposit type and processing route that FAR have, they will make money at *any* credible vanadium price. As long as the mine gets built, they should *never* go bust. That is a massive safety blanket. And even at unfeasibly low V prices (say sub $5) the eventual share price should *still* be multiples of 40p.

You pays your money, you takes your choice.

No advice intended etc