Share Name Share Symbol Market Type Share ISIN Share Description
Ferro-alloy Resources Limited LSE:FAR London Ordinary Share GG00BGDYDZ69 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 33.00 854,359 16:35:03
Bid Price Offer Price High Price Low Price Open Price
33.00 33.50 34.25 33.25 33.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.68 -2.88 -0.88 125
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:44 O 65,366 33.00 GBX

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Date Time Title Posts
23/7/202108:48Ferro Alloy Vanadium 20211,066
17/3/202108:30FAR and away one of the best prospects out there594
16/1/202113:47Ferro Alloy Resources - Vanadium Producer65
16/1/202113:46WE ARE WATCHING YOU !1,202
16/1/202113:46Ferro Alloy Vanadium 202110

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Ferro-alloy Resources Daily Update: Ferro-alloy Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker FAR. The last closing price for Ferro-alloy Resources was 33p.
Ferro-alloy Resources Limited has a 4 week average price of 27.25p and a 12 week average price of 27.25p.
The 1 year high share price is 46.50p while the 1 year low share price is currently 8.13p.
There are currently 377,676,799 shares in issue and the average daily traded volume is 850,125 shares. The market capitalisation of Ferro-alloy Resources Limited is £124,633,343.67.
ttlance: This price level seems a great opportunity to get in. Not concerned if the price drops below 30p as the fundamentals haven’t changed, if anything FAR is in a stronger position than it was a month ago, following the further commitment of investment from VBR. I personally don’t think we will break through 42p until we see some significant updates on the progress of the plant. Cyberbub – Bearing in mind global vanadium demand in 2025 is estimated at circa 140k mt per annum and the 1st ore body will provide a long mining life based on output of 50k mt per annum. Do you think the results of the other ore bodies will have a material impact on the share price? if the results come in as expected. Do you see FAR increasing output to take into account these other ore bodies? PS. Hoping the Vanadium price holds around this level and doesn’t rise too sharply too soon.
jailbird: I think my share price forecasts, commentary on BFS timescalesand share price expectations in the short term has been far more balanced and rational than yours Where is the share price consolidating.Certainly not £1 or £1.70 Maybe I express my views less positively but someone needs to counterbalance your over exuberance
zb27: Mikro - Aye Aye, totally concur with you. Just goto sit tight and be patient. Most difficult thing to do nowadays! Over time this will only head one way now. $20m option for Vision Blue @ 78p. Broker target 170p. Current NPV 300p+. With the expanded BFS announced on 1st June, these targets could well increase significantly. Also to note Vanadium price increase could fire a rocket under FAR share price. Vanadium has increased everyday for the last few weeks now. With Sir Mick and Peet onboard now, this is all systems go. Such a comfortable hold, risk/reward is tremendous. Such an exciting hold. This could fly up in a flash.
cyberbub: I would add that, apart from speeding up development and construction dramatically, and bringing on board a very credible major investor, another motivation for NB to do the VBR deal is that he was under legal pressure to sell some shares for personal reasons. He knew that the VBR announcement would rocket the share price and mean that he would have to sell less shares personally - as has happened (he sold at 30p rather than 10p). The fact that he and Andrey have large holdings and therefore are motivated to see the share price rise, is another confidence for me in FAR. Andrey still has 60M shares and Nick still has 45M approx AFAIR.
cyberbub: Jailbird your post 837 I don't know why you think that's "complex"? Looks fairly straightforward to me, granting some rights to information to VBR, and also saying that if FAR is unable to get funding on acceptable terms (eg. Kaz loans at unacceptable interest rates) then VBR will arrange debt finance, through their no doubt extensive contacts. That puts the pressure on lenders to give a good deal! As for NB's £10 share price target, I don't think that was unachievable at that time, a little rampy maybe. But at that time NB's plan was to get the small plant completed and generating $10M p.a. cashflow, which would have supported the full $100M loan for Stage 1 with minimal further dilution. As it turned out, because they screwed up the IPO and didn't raise enough money, the share price was forced down below 10p and NB's original plan was ruined. So he had to go and find another funder, and to be fair he's done that very successfully! There will be substantial but not excessive (approx 50%) further dilution as a result, which means that the eventual target share price in full Stage 2 drops from £10 down to about £5-6. Personally I am being more conservative and think that the share price will be about £4 when Stage 2 is online, albeit that is possibly 4-5 years away. And throwing off 20p-30p divis, which is enormous for anyone buying at today's SP! Invest £30k today and in a few years you could be making £20-30k p.a. for many many years... Just my view, no advice intended
jailbird: Copied the relevant excerpt for you Further rightsPursuant to the Subscription Agreement, VBR will have certain information rights, consent rights (in particular in relation to disposal and cessation of businesses) until 31 March 2022 (or if later receipt of the Consents) and thereafter for as long as it (and the Co-Investors) continues to hold in aggregate 10% or more of the shares in the Company (as if any CLNs had been converted), but terminating in March 2031 or, if earlier, when the Balausa Project has achieved an operating run rate of five thousand tonnes per annum of production of vanadium pentoxide for three consecutive months. VBR will also have a right to participate in any future debt or equity issues for an amount equal to its holding in the Company (as if any CLNs has been converted). The Subscription Agreement also contains a right to provide funding in circumstances where the Company is unable to obtain finance on satisfactory terms and to appoint a financial adviser at the joint cost of VBR and the Company for certain debt transactions. These rights can be terminated by the Compnay if VBR has not provided at least $2m of Further Investment within three months of the later of completion of the initial subscription, the issue of the CLNs and receipt of the consents. The Subscription Agreement also includes customary provisions such as warranties from the Company and the right to terminate for material breach of the agreement.FAR has also agreed that upon at least US$10.0m being invested pursuant to the Investment Agreement, the Company will negotiate to enter into an offtake agreement with VBR to grant VBR the right to purchase up to 25% of all vanadium bearing materials produced or offered for sale annually by the Group at market prices.Appointment of Sir Mick Davis as Chairman of FAR:Sir Mick Davis will be formally appointed Chairman of the FAR Board from the date of the initial US$1.6m subscription for the CLN and has undertaken not to receive any director's fees until such time as VBR has invested at least US$9m.Further Board Appointments and Changes:As part of the agreement with VBR, provided that a minimum of US$2m is invested by VBR as part of the Further Investment, and then for so long as a minimum shareholding is held by VBR and the Co-Investors of at least 10% (as if any CLNs had been converted) and up to termination, VBR will have the right to nominate one additional Non-Executive Director (NED) to the Board of FAR, or two NEDs in the event that FAR has more than six Board members in total.
pandemic21: Sir Mick predicts FAR share price to hit 0.95p by 1 May -
cyberbub: I would just remind people that Pensana Resources (PRE) has a market cap today of £320M (was £400M recently). In my view the economic case at Pensana is broadly similar to FAR, in fact FAR is probably a bit better.* Both have top class management (after Mick Davies has come on board)* Both have a BFS almost complete.* Both need relatively modest capex to build their mine.* Both have large resource bases (I would say FAR's economic case is better due to the co-product credits).* PRE has indicative debt funding agreements, but no equity deal yet. FAR is the other way round (better IMO as it's clearer).* PRE is setting up a vertical integration manufacturing unit in the UK. FAR doesn't have that yet, but they have mentioned the possibility.* Both PRE and FAR have existing transport and power infrastructure on their doorsteps.* PRE is in a reasonable position to access markets by sea. I think FAR's position is better as it has easy access to both Europe and China (albeit rail is a bit more expensive than sea transport).* I would say that Angola is a notch above Kazakhstan in political risk.So given the points above, if FAR were to hit £400M cap like PRE, then even at our committed diluted shares numbers (approx 420M), that would be 95p....No advice intended, DYOR etc
milliecusto: Taken from lse, something to ponder However I completely agree with Pdub as well that we should avoid talking too much about other shares here. Especially when there's so much to discuss here of course! "If the market values FAR with a market cap of $136m producing 270 tonnes of Vanadium in 2020.By comparison BMN produced 3,631 tonnes in 2020, 13 x more. Like for like BMN is 13x larger so market cap should be $1.7 billion and share price should be above £1.50p by comparison.If this is how markets are operating now then BMN has over 1054% upside potential to maintain a fair compare with FARThis is the message you should get out across all the Social media platforms. Our upside if off the scale..Reality is we should be 30x higher based on our increase this year in production/ finances secured for expansion/BE/ Electrloyte plant/ Eskom news/ news yesterday from SA re no limits for Self generation so if we are also factoring future potential then like for like share price v FAR BMN should be above £3..."
cyberbub: I know some people will be looking at the massive rise this week and thinking it may soon be time to sell.If you're a short-term trader then maybe. But if you have the patience to treat FAR as an investment, consider this:Within 4 years, if Phase 2 is fully operational, then the company could be making $400M+ operating profit each year. Say £200M after all taxes, investment, depreciation etc. Put it on a conservative p/e of 10 (given the low-risk nature and the decades of resources I would think higher but say 10). That's a market cap of £2bn - the company is throwing off so much cash that debt will probably be modest and falling fast. We already know from the funding deal that there will be approx 500M shares in issue.* £2bn / 500M shares = 400p share price.* If 50% of profits are distributed as divis (why not, it will be a cash cow!) then that will be £100M / 500M shares = 20p per share and a 5% yield.But buying at today's share price that's a 50% yield in the fullness of time... 50%! No wonder instis will be scrambling to get in IMO...NAI DYOR etc
Ferro-alloy Resources share price data is direct from the London Stock Exchange
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