Ferrum Crescent Share Discussion Threads

[firemansam4] 26/7/2016 15:57

Onzima Ventures

Makes sense kept in house, isn't this a related party transaction?

Gavin John Burnell, Chief Executive Officer

Mr. Burnell has 13 years� experience of advising smaller companies and is a Director of Corporate Finance at Beaufort Securities.

[patviera] 26/7/2016 14:03

More good news So 65k and 75k in tight hands!!So I reckon v few in flippers hands probably less than 30m shares

[patviera] 26/7/2016 12:52

GoodI bought 20pct which won't be coming out at these levelsI think max of 50m to be sold just above here so not much of an overhang I'm bullish

[blackss] 26/7/2016 12:36

MM's seem happy to absorb the sells today which has to be a good sign. You can sell at least 2m at .21

[patviera] 26/7/2016 09:07

It's a case by case Agree some discounts are crazy but as we know many aim directors can't be trustedNeed to treat each placing individuallyIn this case 0.2 wasn't a bad priceI think it's too expensive to go to shareholders a lot of the time

[spec7] 26/7/2016 08:54

I have an account with Barclays stockbrokers and i have bought in placings before. The reason these placings make me angry is not the need for companies to raise money, its the discount given without any tie ins.
There is a company i am invested in now that did a placing at a 45% discount, the share price survived for a while but the guy that bought a shed load of stock at the discount then started selling and eventually dumped the lot driving the share price down the 45% he had got leaving most of us 45% worse off, diluted and the market awash. The only winner was the seller who bought and sold almost immediately because there was no tie in.

[patviera] 26/7/2016 08:26

U know me,I'm v vague and yes I would love to make a print at 0.3 but i will try hard to hold onto most of my shares especially as my avge is 0.4I agree that if JT said we are fully funded them this placing doesn't look good however all aim companies raise money via placings so not sure why you are angry about the process Sign up as a client at some of these brokers who do a majority of the placings and get involved if you want to..you are not excluded..its the way of the world

[spec7] 26/7/2016 08:17

Sorry pat i misunderstood your post yesterday

patviera 25 Jul'16 - 18:30 - 120 of 130 0 0 Moderate | Ban
Don't care if these dip below 0.2 let the short termers sell
I will be looking to sell into a rally
My avge now a lot lower

I hope you do continue to hold.

[patviera] 26/7/2016 08:09

I think there will be a little bit of indigestion We will trade around 17 to 23 for a few days then will bounce violently to 30/35A few months from now we should get to 0.5p and maybe even a penny depending on newsflowGood luck to all shareholders,exciting times ahead hopefully

[patviera] 26/7/2016 07:45

SpecNot sure where u get im a sellerJust cos I say at 17 u buy and 30 U sell doesn't mean I'm a buyer or seller at these levelsI think that's the trading range for a few weeksPersonally I'd like to hold for a penny as I think there is substantial upside95pct of aim companies have placings..if you don't like it surely you shouldn't invest in aim companies?

[spec7] 26/7/2016 07:13

People like Justin don’t seem to realise the damage done to the company with placings like this. It immediately creates a two tie shareholder base of those who paid the market rate and those who get a discount. It’s a quick easy way of making some cash but it alienates the private investor. As we see here people like pat who appears to have bought 30m at a discount are already planning their exit, private investors know now that more placings will come and they will be left out so, like me they are now looking to get out ASAP. Will the share price rise ? well it will do on news but it will be a bounce now as there will be hundreds of millions of these sloshing about as soon as people try and cash in in the short to medium turn. I realise you need to spend money to make money but this idea that you alienate your core shareholder base for a few institutional” here today gone tomorrow investors” is incredible short sighted.

[patviera] 25/7/2016 21:29

Fair enough but nothing was forced for today as placing was obviously arranged last week!!Anyway 17/18 buy and 30 sell1.6m at 4p and 30m at 0.2 means my avge is now 0.39

[patviera] 25/7/2016 21:14

I don't see us sub 0.2p for long Too much interest and followers hereI'm a buyer at 17 but doubt will get many there If Spain is a go go we will be 0.3 I have no doubt 50pct thank U v much and then warrants in for nowt and more

[patviera] 25/7/2016 21:12

Now I managed to get 30m at 0.2p we are all on same page!! I also have same thoughts as u re ekt but as I still hold ....Love to buy shares with warrants eg Churchill mining which means I have a free punt which in hoping to have here at some point

[spec7] 25/7/2016 19:44

Are we all friends again now pat :-)
todays RNS says and i quote
"BEE compliant South African investment company (BVI) will provide a completed BFS to the Group by 2018/19 at no expense to the Group in return for a 39-43% equity position in the Moonlight Project;"
So i doubt there will be any funds from the sale of moonlight until at least 2020
It looks to me as if this is the third fundraising this year? raising in excess of £1.2m total and diluting investors by over 50% and of course the share price has dropped 50% in the last year.todays 12% dilution should see the share price sub .2p tomorrow.
Unfortunately given the costs of Moonlight so far and the expected similar cost in Spain to come i can only see more money needed.

[patviera] 25/7/2016 18:36

Must say odd timing to do a podcastSurely much better to have done one tomorrow

[patviera] 25/7/2016 18:30

Don't care if these dip below 0.2 let the short termers sellI will be looking to sell into a rallyMy avge now a lot lower

[patviera] 25/7/2016 18:29

I've got 1.6m from 4p so I needed to avgeIf Spain goes thru we will double The placing at 0.13 didn't stop us trebling in priceNot sure about the fully funded promise but agreed JT must've keep breaking promises if that's the case

[patviera] 25/7/2016 18:27

Agree with some of the things you say but not othersThis wouldn't have been announced just cos of Twitter as would've been announced by tmre any way

[blackss] 25/7/2016 18:06

I wish you luck pat, you could be left holding these tomorrow.
Once again an AIM director says one thing while doing the other. Fully funded for 2016?. bottom line is this placing at .2 would have been planned at .3, he knew full well the share price would bounce on Toral news so it was delayed to get this news out first. A placing after the Toral news would probably meant half the dilution. It was only because the placing was leaked on twitter that we have been told now at 4.15 !!
Justin seems to be just another from the Daley school of rip off the punters while raising capital he said he didn't need. Working capital ( which means wages) i expect. You ,may be lucky if you time it right and see .4 but i am shafted at 1p. Might just cut my losses now. the only chance you have once they start placing is if you are included in the placing.

[patviera] 25/7/2016 17:20

I'm now long 31600000 sharesLooking for 0.4So 100 pct upside

[blackss] 25/7/2016 16:46

Here we go again then ! endless dilution and shares for the boys. I wasnt offered any shares in this placement ? I have nearly £50,bloody,K tied up in this.
so much for JT being out for the private investors, heard it all before and got the bloody T shirt.
F*^king AIM..