Ferrum Crescent Share Discussion Threads

[andrea152] 13/12/2016 11:26

Well, only 12 trading days left, until the end of 2016.

Lets See wot happens ? !!

DYOR, IMHO, GLA.

[andrea152] 12/12/2016 16:00

Yep agree totally Pat. Its going to take some pretty spectatular news now, in order to get this little monkey moving !!

IMHO.

[patviera] 12/12/2016 12:25

But buyers in at 20 will make money imhoAs a holder I would've preferred the money to be raised after news promised by year endHowever mining companies need dough and we have to get used to these placingsI'm lowering my px tgt from 1p to 0.8p on back of increased dilution

[andrea152] 12/12/2016 09:44

Well I didn't see today coming. Very disappointed. AIM at its worst. Luks like you were right Black and I was VERY wrong.

Unless JT has an extra special rabbit in his hat, (or Rachel Riley) which he hasn't popped out yet, I don't honestly know where FCR goes from here, from a private shareholders perspective. We seem to be just cannon fodder to feed the endless placings.

Come to think of it, maybe Rachel Riley is a better idea................!

IMHO, DYOR, VVGLA.

[blackss] 12/12/2016 08:54

3 months ago he said that Moonlight was price sensitive and he couldn't talk about it.

and this is what i said...

what we need now is for JT to either flip Goldcrest at a profit of sell Moonlight to fund Toral because another placing will be death to this and right now i can see another placing on the cards. where is the money going to come from to finance both.

[blackss] 12/12/2016 08:47

Classic
Talk the market up with "news before end of year" then dump a placing on us.
Obviously the warrants are not cutting it financially and lets be honest £550k is not going to scratch the surface developing spain...
Typical AIM. Yes we might get some news now but chances are it will barely allow the share price to get to where it was a year ago befor spain anyway .

[patviera] 12/12/2016 08:40

Placing at 20Nice level to buyLow end of range

[andrea152] 09/12/2016 09:48

Well done Maytrees. Shud pay off handsomely in the fullness of time.

Hugely undervalued.

IMHO, DYOR, GLA.

[maytrees] 09/12/2016 08:54

Added a few today following the 10% fall

[blackss] 07/12/2016 16:53

Lucky you Sam
I need .75 to break even at £50k...(roughly) bought too many at 3p :-)

[firemansam4] 07/12/2016 16:30

Black

It is indeed , i have nearly £95k in this now due to the rises over past couple of days, will i sell, absolutely not! A long way to go even when the Moonlight news is out of the way, will review at 4-5p ;-)Hopefully when JORC comes out next year on Spain this will fly!

GLA

FS

[blackss] 07/12/2016 16:09

Its a funny game andrea, Volume up as people think news is approaching but no shortage of people happy to cash in at .27p which can only be a small profit if any for most.

[andrea152] 07/12/2016 10:59

Boom !! someone has worked out that this is seriously undervalued and that the Zinc price is going up. Huzzah !

IMHO, GLA.

[blackss] 07/12/2016 08:33

Good start pat

[blackss] 06/12/2016 11:06

Hi pat, lets hope so :-)

[patviera] 06/12/2016 11:01

Moonlight news must be imminent

[andrea152] 06/12/2016 10:58

A bit brighter price-wise this week anyway. Tried to buy some more yesterday and given a right old run-around by MM's - usually a sign that sumthing is about to happen !

IMHO, DYOR.

[andrea152] 02/12/2016 11:49

I agree with most of what you say and believe that the only real short-term fillip for FCR's share price could come "IF" JT can pull a rabbit out of the hat at Moonlight, which offers the potential for cash-flow.

The other possibility is that Lago could be brought into production before Toral, as it is the easier, open-cast, (and much cheaper) deposit to develop. That would provide cash-flow to FCR sooner than if Toral were the initial development target.

I have no idea if either of the above two events are likely to come to fruition, but we have been promised news on Moonlight, from JT, by the end of 2016, so lets see what happens.

They were obviously at the "Mines & Money" Conference in London this week,(as he did his latest podcast from there) so something may have transpired there, who knows?

IMHO, DYOR, GLA.

[blackss] 02/12/2016 08:22

As far as i can make out FCR has just 15 working days left this month to report back on Moonlight. Will it be a happy christmas :-)

[blackss] 23/11/2016 17:08

Why would people be flipping warrants a few weeks before JT's big news ?

I need to plan an exit strategy now i think. My money has been tied up here too long and the share price continues to fall for all JT's talk of shareholder value. I would like to be around when Moonlight is sorted but i think GQ will be a few years minimum if Moonlight is anything to go by.
we have seen that value of leases and so on is only reflected in the share price at time of sale, Companies like this on the AIM dont steadily gain value over time, they spike before they realise cash (sell).with no income at best we have to hope for limited ongoing dilution and TBH this really needs consolidation now. 1000:1 would make sense and give this a reasonable share price but then the temptation on management to continue dilution at a higher share price would be to much for them i expect.
Sorry to be so negative but i am not sure where value is going to come from here now.

Thoughts ??

[andrea152] 23/11/2016 16:05

Busy old day in FCR. Luks like the last of the Warrant Flippers finally getting out, in 50m + volume. So long, and thanks for all the fish ...............!

IMHO. DYOR.

[andrea152] 14/11/2016 15:27

Unless the previous owners of the Toral/Lago Deposits had got their geological models wrong, and Justin Tooth negotiated a very good deal. Only time will tell; that's why its exciting. I kind of hope we're both right, over the next 2-3 years !

IMHO, DYOR.

[blackss] 14/11/2016 11:48

I disagree
The last report still talks of Moonlight as their flagship project
TBH the more i look at Toral and Spain the more i would be inclined to sell up now but i am hanging on for Moonlight. Toral may come good but it will be years before anyone see's a return on it i think. The recent "brochure" presentation could have been condensed on to less than a sheet of A4. It had very little to help would be investors like Cost or time estimates. The pictures ? A green and pleasant land, A guy emerging from a cave ?
They sight 3 examples of zinc mining in spain, one shut down in 1983, one shut down in 92 and the other was 2000 years ago by the Romans ...


I still think you get £350k worth of licence when you spend £350k, that is until you spend a hell of a lot more to prove it was worth more than £350k.

[andrea152] 14/11/2016 11:00

Everything I see in the recent "Share Talk" & "Proactive Investors" Podcasts tells me that the FCR BOD think that the future of their Company lies with Zinc/Lead and NOT with Iron Ore, or South Africa.

Given the prospective oversupply of iron ore and undersupply of Zinc/Lead over the next few years, who can blame them ?

IMHO, DYOR.

[andrea152] 11/11/2016 15:25

Code 1 doesn't work anymore.

Its a fallacy.