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Bullboard - Stock Discussion Forum Banca I.F.I.S Spa BNCIF

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

GREY:BNCIF - Post Discussion

Banca I.F.I.S Spa > In addition to Flinders, there's Australian listed Valence.
View:
Post by GUNSS on May 02, 2014 2:23pm

In addition to Flinders, there's Australian listed Valence.

Valence Industries, just got into graphite production in southern Australia. Like Big North and Flinders, this is a past producing mine. BIg North's market cap a small fraction of both of these companies. Look at what happens when graphite companies go into production... their stocks perform quite well leading up to production....

Flinders stock, FDR.v, from 32c to 96c, a triple, US$ market cap $40 million, (46mm basic outstanding shares)- company also has 10mm in-the-money warrants at 75c, ....zero debt, $9 million of cash. 
 
Valence- VXR.ax, 41c/shr Australian, VXR stock has doubled to US$ mcap = about $62 million- From a Jan-2014 research note, 
 
"Valence Industries Limited (VXL) is on the cusp of production from its Uley Graphite mine in South Australia. In Phase 1, VXL aims to process and sell 8,200t of graphite from existing stockpiles. Additionally, VXL aims to attract long term customers for off-take which will partly fund the modest cap-ex requirements of $34m needed to increase production to the Phase 2 run rate of 50,000tpa. This will involve the construction of a new processing plant and open pit."
Comment by bmeister2 on May 02, 2014 2:56pm
Thanks,guys for the last two posts. That is what I'm concerned about.We have got to capitalize on our quick ramp-up to secure off-take agreements and production numbers BEFORE these others get traction. Make it happen,Spiro.
Comment by Super1nvestor on May 02, 2014 5:44pm
Yep, Spiro needs to fast-track the restart of the El Tejon mine and get producing flake graphite fast and secure offtake agreements. Time is money, literally...both in regards to Spiro getting this avenue going quickly..and for us shareholders who are waiting patiently for these types of agreements to be created. Investors will only wait so long before putting their money into another company that ...more  
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