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
  -1.40 -3.26% 41.60 3,113,882 16:35:09
Bid Price Offer Price High Price Low Price Open Price
41.40 42.00 43.25 40.50 43.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.80 -2.52 -0.83 138
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:09 O 190,171 41.20 GBX

Ferro-alloy Resources (FAR) Latest News

More Ferro-alloy Resources News
Ferro-alloy Resources Investors    Ferro-alloy Resources Takeover Rumours

Ferro-alloy Resources (FAR) Discussions and Chat

Ferro-alloy Resources Forums and Chat

Date Time Title Posts
13/4/202120:04Ferro Alloy Vanadium 2021678
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

Add a New Thread

Ferro-alloy Resources (FAR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Ferro-alloy Resources trades in real-time

Ferro-alloy Resources (FAR) Top Chat Posts

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 43p.
Ferro-alloy Resources Limited has a 4 week average price of 22.10p and a 12 week average price of 9.70p.
The 1 year high share price is 46.50p while the 1 year low share price is currently 7.50p.
There are currently 330,589,052 shares in issue and the average daily traded volume is 3,802,574 shares. The market capitalisation of Ferro-alloy Resources Limited is £137,525,045.63.
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
cyberbub: Quite possibly Stig. But I don't know what VSA are going to be doing in a roadshow. Usually brokers are drumming up business for a placing, on which they make fat commissions. In the case of FAR, all the necessary capital has already been committed by VBR, so there should be no more placings. Any instis wanting in, will have to buy in the market... I said earlier in the week that this is a very very significant advantage to the VBR involvement. Usually PIs have to expect that there will be a discounted placing, with all the insider trading and front-running that goes on to force the share price down (eg look at EML's recent placing). There is going to be none of that at FAR now!NAI DYOR
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..."
goodgrief: If Eskom get the finger out, then yes, BMN will rise 100%. But FAR fall 50%, I think that unlikely. Just watch the latest VSA video. FAR has been entirely de-risk.I hold 2 BMN shares for every 1 FAR share precisely because I deemed FAR more risky. But not now!!
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
cyberbub: 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
cyberbub: Even if you assume a very pessimistic doubling of the shares in issue (100% dilution, rather than the more likely 10-30% dilution), the share price should still be well into 3 figures when in full production.The key is to deliver the project. The share price will then look after itself!
cyberbub: I was just watching the Crux interview (in the header) again last night. Bridgen tells a very, very compelling story IMO. He seems to know the project, and Kazakhstan, inside out - as you would hope of course! And he seems to give an honest assessment of why the share price has dropped so far, and why it's still low. His delivery of the interview wasn't that of a shiny, smooth PR salesman, but I liked it all the more for that, as it seems more honest (warts and all).*If* they can deliver it, then the share price should be a very long way into 3 figures when Stage 2 is online, even if there is some capex dilution still to come.Just my view of course, NAI
pandemic21: Did he now? It still doesn’t justify his high salary and the fact that there plan, according to Nick Price of Shore Capital(the brokers that FAR floated with) they needed to raise $100m - $35m from shares and $65m from Loan Notes. How much has FAR raised so far? $7m? What’s the burn rate pa of FAR with its 100 plus work force? What’s the cost to build the main processing plant in order to mine 22,000 tonnes pa? Price said it would be 2 years to build and test main plant too! How much has FAR raised and squandered since 2006?
cyberbub: Mesb why not drop NB a line and politely say as a shareholder that although the share price is lower than everyone would like, you'd be happy for them to not mess around, and raise £1-2M to finally get the remaining works and BFS finalised?Frankly if the company did that then I wouldn't be surprised to see the share price rocket to a much higher level than any placing price, as it would remove the uncertainty and probably guarantee the company moving into decent profitability from the small plant, plus get the BFS issued and start negotiating a finance package.
Ferro-alloy Resources share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210414 18:10:19