Finders Resources Share Discussion Threads

[hectorp] 14/2/2011 09:34

Chart looks very positive here..

[grazzer] 09/2/2011 17:27

Looks like the bid in Oz is about 27p ...

[grazzer] 09/2/2011 17:20

Share cert turned up today (Selftrade)

[hectorp] 09/2/2011 08:56

I believe news of the licence should have been around now? Anyone have any news on the current position?
H.

[jonny flame] 05/2/2011 17:35

Hi Chip,

Feel free to take any information from my FND thread and add it into this one, I won't be posting much on my old bb.

Have a nice weekend,
JF

[chipperfrd] 05/2/2011 13:47

Hi H,

I am not too sure if there will be much activity on the old thread now that FND is de-listed.

I need to update my post#1 estimates here - but I am just not sure of the time-scales until we get more clarity (permitting, etc).
Chip

[hectorp] 05/2/2011 13:36

I've been posting on the other thread.. forgot you had one too chip.
Added 30% to my holdings here the other day ( have been in for around 6 months).
Look forward to the next updates.
H.

[chipperfrd] 01/2/2011 23:23

Quarterly report to 31/12/2010

[hectorp] 01/2/2011 15:51

I trust he has a good idea that we'll get our licence soon chip. Then they can get the trial production on the move. With copper again high, it would do us good.

[chipperfrd] 29/1/2011 13:14

I see Chris Farmer has added 1.5m shares - now holds 7.465m.

[soulsauce] 25/1/2011 20:07

harveydee I do not blame you, it's a proper hassle.

It might go up from here but there is every chance that by the time they sorted your Cert' out it might be back down too.

[harveydee] 25/1/2011 20:02

Thx guys but I sold out a few days ago, just got enough hassles in life without this extra. Sod's law that prolly it will rocket now but I'm fed up of constant moving goalposts in this investing game.

[jonny flame] 25/1/2011 08:49

harveydee - see todays RNS & the RNS of the 20th Dec.

[harveydee] 21/1/2011 15:43

When does it delist from Aim ? Will my broker, selftrade, take shares out of nominee account and send it to me as a certificate ? How easy will it be to sell these shares on ASX, being in the UK myself ? Thanks.

[hectorp] 20/1/2011 13:48

Commerzbank say copper may end in 650,000 tonnes deficit even with strong output due to high global demand this year.

[hectorp] 12/1/2011 19:01

Copper putting another bottom in to start pushing up again today.

[hectorp] 09/1/2011 15:59

ALl the talk this week about the US starting some sort of recovery, possible growth of 4%, I doubt it! however, if it were the case maybe copper could see $5 to $6 this year. IF we should get that licence sorted out soon....

[tarnow] 01/1/2011 19:34

Cheers Hectorp. Copper price now $4.4 lb. Our costs are $1 to $1.25 lb. The margin is great now, but at $6 wow!. I hope the price doesn't rise so fast, as it won't be much used to us. A smaller rising trend to $6 mid 2012/13 would be better :-). Ditto gold. Slow and steady. As FND, and HMB in particular need 12 to 18 months to hit higher run rates. All the best

[tarnow] 29/12/2010 18:52

Hectorp, this share hasn't re-rated for one reason, and that is permits. Now if we get them, and for my reasons outlined in my last post we should by Jan/Feb next year. Then it is game on. The only danger then is falling copper price(highly unlikely), or massive dilution/hedging. For me here is the scenario. Take Blackswann's report of 400 million shares, when dilution has finished. Now hopefully hedging will be minimum, or at 9,000 a tonne plus (Copper price forecast upto 12,000 tonne 2012). Runrate of 23,000 tonnes starting by Q3 2012. Gives 200 million dollars plus earnings. P/E of 4 gives company value of 800 million or $2 a share. 5x current price. Unrealistic? I think not. Even if these conditions don't all materialise, the share price has plenty of room to grow. Forget to mention a potential gold/silver mine of 1 million plus ounces in a gold/silver bull market. Hectorp, this and another of our shares (HMB) are potentially fantastic next year. I have learnt my lesson this year by pain. I have lost alot of potential profit by lacking patience and selling too early only to see my hopes/expectations for a share come true. With HMB and FND I hope not to make the same mistake. Next month could tell us alot about both companies. Best scenario FND gets pemit, and HMB releases good production figures. Look on the bright side :-) All the best

[hectorp] 29/12/2010 18:02

tarnow, your logic seems sensible as far as FND licence and recent events are concerned. If no-one contradicts you and I am not about to, you may have something there.
There is much value hiding in the share in terms of minerals we can get our hands on and develop.

[tarnow] 26/12/2010 20:52

Hectorp, I too was initially disturbed by the RNS on the 24th. But now I have a different take on it. I hope I'm not wearing rose tinted glasses, but here goes. The RNS as far as I recall, is the first time FND has ever released a RNS/Report with a definitive date for the permit. In this case stating "we expect the permit to be issued in January". Before it has always been vague. I like everyone else probably is scared of the prospect that production has stopped, and the permit problem could just run and run, like it has in the past. But put this RNS together with the last two about trading - which stops directors (insiders) selling or buying without notice, and the EGM one which aims to increase the MD, Chairman, and FD's shareholding (why bother is the permit isn't going to happen?). Then I have come to the conclusion (maybe incorrectly?)that they are confident the permit will be issued in Jan, and they want to increase their shareholding by then. But not to be seen profiting from sensitive information. I think they are stopping production to not upset the apple cart in any way. Chris has been operating in Indonesia for over 20 years. I believe with their contacts in Wetar that they can get the permit.

[hectorp] 24/12/2010 11:28

Not so sure... I'll be hanging on to these anyhow.