Ferrum Crescent Share Discussion Threads

[firemansam4] 25/7/2016 16:44

More dilution! Thought JT said we are fully funded through 2016? Hmmm oh dear!

[blackss] 25/7/2016 10:15

must have been after the RNS on Friday

[patviera] 25/7/2016 09:59

When was that interview?Friday?

[blackss] 25/7/2016 09:09

You need to be a premium member or it converts http to hxxp
If you put the HTTP in capitals in the link when you post it then it works ;-)

[firemansam4] 25/7/2016 08:43

Thanks Black it wouldn't convert to a hyperlink for some reason!

[blackss] 25/7/2016 08:10

Working link

[firemansam4] 24/7/2016 21:10

Latest Podcast!

hxxp://www.lsesharetalk.com/share-news/justin-tooth-executive-chairman-ferrum-crescent-ltd/

[blackss] 24/7/2016 19:39

unfortunately i need .9p so 1p to be in profit so its damage limitation for me at the moment. Zinc prices will be the key i would think.

Zinc prices have been on the rise all year.

[patviera] 24/7/2016 18:43

ThanksWhat's your avge cost price?Are we more concerned with the price of zinc than any other commodity?

[blackss] 24/7/2016 17:58

To be honest pat its the AIM so it's a lottery. who knows ? I would think if we make it to .5p and can hold it we will have done exceptionally well. I think there is more to come with some sort of JORC for the Toral part and the sale of Moonlight but it would be a brave man that puts a time frame on it at this stage. As you know i am a pessimist with the AIM i hope for the best and expect the worst. Lets face it these were trading at 19p when the company had far less than it has now so the share price has very little to do with the value of the company. short term it will be driven by everyone piling in and later in the week piling out :-).
I don't yet know enough about Toral, the company's plans or it funding for Toral at this stage but i am happy to sit on these until a plan and timescale is put forward by management.
The worry for me is Moonlight ? we don't really know what is going on ? Is the BFS now under way ?, do they plan to sell?, can they sell?, is there a buyer? will the money just be swallowed up by Toral? Bottom line is...Moonlight is a iron ore pit and who wants iron ore now or in the foreseeable future...at any price ?

sorry i cant be of more help but truth is you probably know more than me :-)

[patviera] 24/7/2016 17:35

What are your price tgts if we make the Spanish acquisition?And if we don't?

[blackss] 23/7/2016 15:56

I agree its just a short delay. difficult to put a value on anything TBH but i expect JT will want to see some positive movement in the share price as soon as possible.

[patviera] 23/7/2016 12:33

RNS on Friday wasn't bearish in my opinion Only a slight delayI think the acquisition will get done Onwards and upwards

[spec7] 22/7/2016 10:48

Its always fun to watch the MM's play the traders, sub 1p stocks usually have a large spread + commision and a lot of trades this morning were 100k or 200k so £200-£400 :)

[firemansam4] 22/7/2016 10:12

Yep, out of his hands as we mentioned and in the hands of Spanish lawyers so who knows, he believes "all matters will be concluded shortly" thats good enough for now so could be early August for all we know. At least it gives the MM's time to shaft the impatient as they can't get back in on any size, but who cares about them!

[blackss] 22/7/2016 10:07

Well i suppose JT didn't give out the date, it was set by the seller. However its shows a really naivety in these matters that JT said he expected to complete ahead of schedule when, lets be honest, no one here expected that for one moment.
Quite where that puts us going forward i'm not sure ?

[stan40] 22/7/2016 08:27

why cant these directors ever keep to any timescales! They know full well what a delay causes yet they still keep doing it! Why bother giving any dates in the first place and surprise the market instead oh I forgot those in the know are obviously making money hey !

[spec7] 22/7/2016 08:18

As i said last week

Spain's officialdom, EU bureaucracy and Spanish Banks...what could possibly go wrong :-)

[blackss] 22/7/2016 08:17

Personally i expect it will bounce back but they have left the dates now open ended

"the Option is now scheduled to expire on 31 August 2016 (or such later date as the parties may agree) "
I think JT still thinks it will be before the end of August.

[blackss] 22/7/2016 08:08

Not good at all, it was really rather important they hit this target.

[firemansam4] 22/7/2016 07:40

Well Black as we thought hope this is not the shape of things to come!

[firemansam4] 21/7/2016 16:38

Well hopefully todays volume is a good sign that we might get news before deadline, lets hope for the same tomorrow!

[blackss] 19/7/2016 09:25

Silly rumours on twitter, when will people realise twitter is for twits.
The worry now is the lower this is allow to drop the more ground it has to make up on any news. If JT reads these threads.... the credibility of FCR hangs on hitting that deadline !!!!!Its no use being a "really nice bloke" you have to deliver on this one.

[firemansam4] 18/7/2016 15:10

Black

Yes shame really i do though hope for JT sake as he is a really nice chap that he can pull this off. I expect the herd on LSE to pull the plug if it didn't come out so holding back on buying another chunk until next Friday! Either way, it amazes me that some of them obviously haven't done an ounce of research in this at all, hence the stupid comments!

9 days and counting!

[blackss] 18/7/2016 14:51

I have the same suspicion actually Sam. My worry is not that the deal itself will be late but the announcement of it being late will not be good given the past missed dates and let downs. There certainly seems to be some selling today for no obvious reason which is odd ?
I tried again to post on lse but just now the last 20 posts were removed again, You cant really run a forum like that, Shame the guys over there don't come here instead.