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Ferro-Alloy Resources – you were warned; from arguing “strong pricing backdrop” on March listing to now…

By Steve Moore | Friday 13 December 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Ferro-Alloy Resources (FAR), a “vanadium mining and mineral processing company with operations based in Southern Kazakhstan”, in March was “pleased to announce that its entire issued ordinary share capital will commence trading on the standard listing segment of the Official List of the Financial Conduct Authority and on the Main Market of the London Stock Exchange… As part of the Admission process, the company has successfully raised £5.2 million (before expenses) from institutional shareholders… at a placing price of 70p each”. Today “Operational, Trading and Financing Update”. Hmmm…

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