Share Name Share Symbol Market Type Share ISIN Share Description
Finnaust Min LSE:FAM London Ordinary Share GB00BFD3VF20 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.075p +0.91% 8.275p 8.25p 8.30p 8.50p 8.30p 8.50p 1,257,459.00 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.2 - 51.24

Finnaust Min Share Discussion Threads

Showing 751 to 770 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
25/2/2017
18:02
Rod and the others have certainly spent time in Greenland, and it's this, plus the reports published last year that has given us a decent degree of confidence. It's easy to understand, there's a lot of it!, and, if you read "High North News" plus The Arctic Journal, both with plenty of content in English. You will quickly come to the conclusion that Greenland is exceptionally keen in its desire to have mining as a strong part of its future economy. They have set up a college to train future mine operatives. Whilst the season looks limiting and short, we mustn't forget the 24/7 daylight and the reality of operating as two shifts possibly to round the clock working at some stage. Looking forward to the " official" stamp of the JORC, and the setting sail for the summer season of news. - very keen to see what comes of avenaa & in particular Disko where licences for onshore oil were issued last year - the core data of an oil drill could be fascinating for us looking for a tell tale sign of Nickel and Platinum group metals Have a good weekend all, Rampair "
rampair
25/2/2017
16:38
It is clear that RM is looking for help in the loading...literally that.. of the ilmenite and also for the shipping. He has seemed to like the idea of farming in to a kind of logistical partnership where the shipper gets a kind of metered royalty. So far everyone is keeping quiet about the ex-cairn properties RM has bought for FAM, i think as soon as the JORC is announced we will start to hear more about them. A lot more.
squiresquire
25/2/2017
16:29
Squiresquire the thing that is amazing are the grades they they have been finding. It looks like they may get an overall grade of about 20-25%. Sierra Rutile, by comparison, has a combined grade (Rutile, Illmenite, Zircon) of less than 1.5%. This high grade material will attract a premium price in the market, probably over $100pt. Also that beach is substantial. This has the potential to have a very long mine life. This is mitigated, of course, by the fact they they have a short processing window each year, say three months, but the numbers still look very good indeed. share price Angel is forecasting production of over 300,000tpa ilmenite con. You would imagine that would rise over time once production and logistics get more established.
nohead
25/2/2017
16:02
nohead If you look at Rod Macs last statement you will see he has been buying second hand equipment to get the first bulk shipments off. Also with the emphasis on getting samples to potential buyers he really has got the ball rolling fast on this one. I think R.M. has learnt a lot from his past experiences and realises this Ilmenite is simply a gift, true serendipity
squiresquire
25/2/2017
14:25
Yes the Vox interview was very interesting, thanks Mac and Snoweyflake. Rod McIllree said they were "very confident about the resource statement" and that he had "sufficient comfort the resource will be compelling". I think he was hinting that it would be released more towards the end of March, so I am betting about four weeks from now. However, we can assume that the resource is not going to disappoint. They must have most of the data in by now, so he knows it is going to be decent. He also said there is news coming about about metallurgy, the pilot plant and the EIA/SIA process. I thought it was interesting the point he made that all the work processes were running concurrently. Most juniors wait for the maiden resource to come in before deciding to advance with the project. But in this case the resource is spread thinly across the surface (in the form of a sandy beach) where you can see it and touch it. While you obviously need a Jorc compliant drill program to get an official resource, in reality for this project you can just assay shallow trenches and samples across the length of beach to have a pretty clear idea of what you have. This means that they have been busy doing everything else to work up the project and licence application, prior to releasing the Jorc resource. So in some ways it is an upside-down project, the resource comes towards the end of the process rather than the beginning. I think this is why some people have mis-understood the project as being early stage, ie because it hasn't yet got a resource. In FAM's case, the maiden resource is actually one of the last pieces of the project to be put in place. We know that they have been finding very high grades and that the sand can be processed cheaply through simple gravity separation. So the economics are likely to be very good. The main reason for FAM having a JORC resource is probably only for the licence application. Normally a JORC resource is important for a bankable feasibility study, to raise project equity and debt. But in FAM's case it looks like capex will be very low. Richard Jennings forecasts capex at just circa $20m, even this could be reduced if they lease major equipment like the dredgers. So the release of the resource is really just one of the last steps to get the application together.
nohead
25/2/2017
11:17
I have just listened to the interview between Justin Waite of Vox and Rod McIllree. When, at the end of the interview, Rod was asked to name three reasons for investors to consider the company he replied "resource,resource,resource" BTW the new epic code will be JAY.
snowyflake
24/2/2017
21:42
I assume from what you have written mac that the announcement may be made in the earlier part of March rather than the later part. My assumption stands to be corrected. I have to say that it has been quite a wait given the fact that the board had previously announced that the JORC would be released by year end 2016. From words used in a previous RNS or two, I anticipate a resource that is truly world class. I was a shareholder in Sierra Rutile which mines rutile, some ilmenite and zircon which Iluka bought in 2016 (completion tail end 2016). Iluka paid the equivalent of a SRX share price of 36 pence for each SRX share which together with SRX debt equalled a market cap of £250 million. I made a big mistake earlier on in my ownership of those shares in that they reached over 80 pence at one point in 2012 so that SRX was valued at over £500 million. I was a silly billy not to sell then in hindsight! The problem with SRX is that it struggled to make a profit in many years; it had to invest in new mines and had a very large workforce. It is no secret that it hit two very big snags. First a downturn in the price of rutile; second the arrival of Ebola the effect of which is well documented. And that was after civil unrest in the mid noughties. I and others felt that Iluka got SRX cheaply. It may be that the cornerstone investor which helped turn SRX around namely Pala Resources were for reasons best known to their board anxious to sell. It is however worth drawing some comparisons between SRX and FAM. FAM will not need mines per se. It should be easier to extract the sands and ilmenite. The SRX latest mine (Gangama) cost circa £40 million. FAM will not need a workforce the size of that of SRX. FAM in my opinion operates in a less difficult environment albeit over a more limited timescale in a year. Rutile prices had just started to recover; rutile and ilmenite prices are in an upward graph. So yes Mac, whilst you say that the company needs institutional buyers who will be comfortable buying with third party verification, I think that if the JORC resource is good enough they will be queueing to buy. You never know the value for Pituffik may approach £500 million - I must not get over excited - certainly in my view £250 million or at 730 million issued shares post the GM 34 pence per share could be a possibility in due course or 4X the current share price. That is of course without the company's other assets - Finland and Avannaa. A definite but what ever someone has to say.
snowyflake
23/2/2017
13:49
Very interesting interview on now from Justin on vox markets with FAM, its a cracker. Go to 18 mins exactly This is the link, https://www.voxmarkets.co.uk/blogs/718-strategic-minerals-sml-finnaust-mining-fam-chris-bailey-alan-green/
squiresquire
23/2/2017
13:25
Glencore results today show just how large mineral deposits are being searched for, just imagine how tempting for the big boys a global player in ilmenite. Now what company could have such a thing? Glencore results had this: The U.K.-listed company on Thursday reported net income of $1.4 billion for 2016, compared with a $4.9 billion net loss the previous year. Revenue adjusted for discontinued operations rose to $152.9 billion from $147.4 billion a year earlier. Glencore's earnings are the latest positive sign from the mining sector. BHP Billiton Ltd. and Anglo American PLC earlier this week also returned to profit, cashing in on higher commodity prices. Glencore Chief Executive Ivan Glasenberg said stronger earnings and lower debt levels will give the company flexibility to either scoop up deals or return cash to shareholders. "I don't think there's big stuff around to look at, but we'll see what opportunities come," he said on a conference call with reporters. "If we don't find big opportunities, we'll kick out big dividends." Net debt fell to $15.5 billion by year-end from $25.9 billion at the end of 2015, below the lower end of the range of its guidance of $16.5 billion to $17.5 billion, as higher commodity prices, a dividend suspension and $4.7 billion in asset sales took pressure off the company's balance sheet. Glencore said its trading business posted earnings before interest and taxes of $2.8 billion last year, a 14% gain from 2015, amid stronger demand, particularly from China, and drops in inventory levels. We have this: 25 January 2017 FinnAust Mining plc ('FinnAust' or the 'Company') Appointment of mineral sands specialist to support commercialisation of Pituffik Titanium Project FinnAust Mining plc, the AIM and FSE listed company with projects in Greenland & Finland, is pleased to announce that it has engaged the services of Titanium Industry Global Advisory Pte Ltd ('TIGA') as marketing advisor to the Company. TIGA is an advisory firm specialising in providing strategic and commercial direction to the mineral sands industry with focus on titanium dioxide ('TiO(2) ') feedstocks. Bruno Cavalancia, Managing Director of TIGA, a mining professional with over 25 years of experience in the mineral sands industry, will guide the Company towards commercialisation and strategic partnering for the Pituffik Titanium Project in Greenland ('Pituffik' or the 'Project'), where metallurgical test work has highlighted the potential for commercial production of an ilmenite product from a pure, high-grade mine concentrate. Prior to TIGA, Bruno was Head of Commercial and Strategic Development - Asia for Kenmare Resources Plc ('Kenmare'). For the last five years of his career at Kenmare he was based in Singapore where he managed the company's business development efforts in China, India and Japan. His career in the industry started at Rio Tinto where he worked for 20 years in senior global and regional roles within the titanium business unit, including Director of Business Development, Global Director of Sales and Marketing and VP, Sales and Marketing - Asia. He is recognised for developing and executing market entry and growth strategies as well as establishing competitive intelligence platforms and building long-term customer and stakeholder relationships throughout Asia, Europe and the United States. FinnAust CEO Roderick McIllree said, "With a maiden JORC resource expected in the coming months ahead of bulk sampling in 2017, and metallurgical test work highlighting the potential for a commercially pure, high-grade concentrate, we remain committed to the fast-paced development of Pituffik. In support of this, we are delighted to have appointed TIGA as we look to prove up the Project's commercial viability. Bruno's proven experience within the mineral sands industry will be invaluable in positioning our product for sale and identifying potential end-users in order to maximise the value potential of Pittufik. We look forward to working with him to support the on-going growth of the Project."
squiresquire
23/2/2017
10:53
If you want a real scream read MWs article, its really good. Also his figures on the potential of the sands is a blinder.
squiresquire
23/2/2017
10:51
presto77 - you have brought me a smile; no a grin - even a laugh. Brilliant.
snowyflake
23/2/2017
10:27
well well well if it isnt my old mate from the PVR thread Richie jennings was in no doubt you would be doubling down somewhere else and here you are .....pretending you are Goldman Sachs....who exactly is "we" Ritchie...you mean Align Paid for Research? Trouble with you my friend is you use character assassination as a tool and claim with the benefit of 20 20 hindsight forecast every turn and twist of the market. the truth is for someone who likes to go around sh*t-canning other people you don't stack up to scrutiny yourself pal. jog on
presto77
23/2/2017
10:10
To remind of the position at start of October 2016. This was 5 months ago and the results are now due very shortly, by mid March or sooner. So just a month or less. As a result of the 2016 fieldwork, the Company has confirmed the two core target areas that will become the focus with respect to future studies. These are: -- Moriusaq Bay and surrounding area, a low-medium tonnage target that encapsulates the bay and proximal active and raised beaches with grades in some areas estimated to be in excess of 85% ilmenite; and -- Interlak, an area dominated by huge deltaic deposits with associated adjacent high grade beaches (see Figure 1 in PDF link) with grades in some areas estimated to be in excess of 70% ilmenite occurring as thick sedimentary bands. On the active and raised beaches, a total of 260 auger holes and trenches were sampled during 2016. Additional trenches were completed for metallurgical sampling purposes as well as stratigraphic mapping purposes, creating a bulk metallurgical sample in excess of 500kg. This sample has been sent to Perth, Australia where analysis of the sample will be undertaken to continue to optimise the mineral beneficiation process. Figure 1: Locations of various work programmes during the Pituffik 2016 field season - See PDF link Moriusaq Bay has consistently returned the highest grades of ilmenite to date (average of more than 35% ilmenite) over the bay area whereas Interlak offers a very large volume target also with high grade areas. The majority of the ilmenite occurrences at Pituffik are derived via the winnowing of the deltaic sediments by wind, wave and current action with the broader Interlak catchment area interpreted as being the main feeder zone for the Pituffik project area. Of significance, a new area east of the Interlak delta has returned potentially the highest-grade estimations from the entire project area to date at more than 90% ilmenite. Figure 2 (see PDF link) shows thick layers of ilmenite rich sands from this area. There is potential for significant amounts of ilmenite at this location. As a result, the Company expanded the work programme at this target and delivered a further 26 trenches averaging >1m deep to test as much of the area as time allowed with similar high grade results achieved in most trenches. Figure 2: Ilmenite accumulations in trench east of Interlak delta, thick layers of black sands are ilmenite rich material - See PDF link On the drowned beaches a total of 240 samples were taken from both the larger vibracore on the MV Kisaq vessel as well as the smaller pontoon unit. Vibrocoring is a technique for collecting core samples in shallow water environments and wetland soils. Vibracore sampling was conducted to the north and the south of the Interlak delta over more than 6km of coastline by both the Kisaq (see Figure 3 in PDF link) and pontoon deployed vibracore units. A series of scout holes were also placed further east in a depression defined in the sediment profiling survey carried out in 2015 where sediment accumulations in excess of 25m had been identified. Sample lines were completed perpendicular to the length of the beach at spacings of between 100m to 1000m, with holes aimed at 5m, 10m, 15m, 20m and 25m of water depth, more than 7.5km of coastline was tested. Figures 3a & 3b: Preparing the vibracore unit for a core hole at Interlak (left) as well as thick layers of ilmenite rich material returned in the vibracore sample tube after drilling - See PDF link The above initiatives fit with the Company's strategy to undertake a "proof of concept" bulk-sampling programme in 2017 as well as lodging an exploitation licence application in the first half of 2017. One additional outcome from this year's work programme at Interlak was the mapping of the various terraces to try and identify depositional models and hence likely trap sites for higher-grade ilmenite sands in the raised beach areas. To this end, throughout the trenching a series of optically stimulated luminescence dating samples were taken to better define the age of certain strandlines or sequences of strata. An echo sounding survey was also completed over shallow areas to aid in tying the bathymetry and boomer profiling models with the photogrammetric digital terrain and ground penetrating radar models. Environmental base line study components were completed by Orbicon in the Moriusaq region and extending to positions outside of the licence area. Various samples were taken including fish samples and seaweed samples. The flora and fauna were also evaluated around the Moriusaq region and outside of the licence area. FinnAust CEO Roderick McIllree said, "The 2016 fieldwork programme was a major campaign designed to fulfil many requirements, executed by experienced service providers and delivered at relatively low cost. I would like to thank all participants, especially our lead partners, GEUS, Orbicon, NIRAS and SRK for a successful and productive season. The results from the diverse range of initiatives undertaken will generate a large array of data that will tie in with other work programmes that are underway in the background. The completion of a maiden JORC resource, together with results from the environmental impact assessment, will position us well for our next leap early next year into permitting of an exploitation licence in H1 2017. Pituffik continues to exceed our expectations at each turn and it is my belief that this project will eventually be recognised as a globally significant ilmenite deposit both in terms of grade, and tonnes".
squiresquire
23/2/2017
09:46
Richard doesn't want to short stock to me.. As he said its in tight hands. Does that mean he thinks its going up, and therefore its a BUY? I think soCome on the JORC! that will dictate where this little puppy is going To recap for new holders who haven't read the previous messages Align didn't get the "BUY" note relationship @ 2p. Since then Richard has been trying to undermine the investment case. Trying to make out as if the mngt weren't previously straight. Fukashima fukked GGG, That was God's hand.. FAM management are the straightest bunch of Australian kunts I've ever invested in! They will make us wealthy owning this little Rocket ship. If you took Richard's advice and sold or didn't BUY from 3p upwards, why don't you PM him and ask for the money you didn't make on a size/mark to market basis.... He's so rich and comfortable it appears
maccamcd
23/2/2017
08:47
For anyone interested Mr Walters has an update and completely blows Mr richie666 out of the water with some facts. Goodbye richie666. All the best
toyin
23/2/2017
08:21
In the same RNS of 27 September 2016 the comment below shows the magnitude of sampling More than 500 auger and vibracore drill holes were completed along with extensive trenching and sampling across the project area during the 2016 field season. The area along the sands is 80 odd kilometers
squiresquire
23/2/2017
08:18
To remind of the position at start of October 2016. This was 5 months ago and the results are now due very shortly, by mid March or sooner. So just a month or less. As a result of the 2016 fieldwork, the Company has confirmed the two core target areas that will become the focus with respect to future studies. These are: -- Moriusaq Bay and surrounding area, a low-medium tonnage target that encapsulates the bay and proximal active and raised beaches with grades in some areas estimated to be in excess of 85% ilmenite; and -- Interlak, an area dominated by huge deltaic deposits with associated adjacent high grade beaches (see Figure 1 in PDF link) with grades in some areas estimated to be in excess of 70% ilmenite occurring as thick sedimentary bands. On the active and raised beaches, a total of 260 auger holes and trenches were sampled during 2016. Additional trenches were completed for metallurgical sampling purposes as well as stratigraphic mapping purposes, creating a bulk metallurgical sample in excess of 500kg. This sample has been sent to Perth, Australia where analysis of the sample will be undertaken to continue to optimise the mineral beneficiation process. Figure 1: Locations of various work programmes during the Pituffik 2016 field season - See PDF link Moriusaq Bay has consistently returned the highest grades of ilmenite to date (average of more than 35% ilmenite) over the bay area whereas Interlak offers a very large volume target also with high grade areas. The majority of the ilmenite occurrences at Pituffik are derived via the winnowing of the deltaic sediments by wind, wave and current action with the broader Interlak catchment area interpreted as being the main feeder zone for the Pituffik project area. Of significance, a new area east of the Interlak delta has returned potentially the highest-grade estimations from the entire project area to date at more than 90% ilmenite. Figure 2 (see PDF link) shows thick layers of ilmenite rich sands from this area. There is potential for significant amounts of ilmenite at this location. As a result, the Company expanded the work programme at this target and delivered a further 26 trenches averaging >1m deep to test as much of the area as time allowed with similar high grade results achieved in most trenches. Figure 2: Ilmenite accumulations in trench east of Interlak delta, thick layers of black sands are ilmenite rich material - See PDF link On the drowned beaches a total of 240 samples were taken from both the larger vibracore on the MV Kisaq vessel as well as the smaller pontoon unit. Vibrocoring is a technique for collecting core samples in shallow water environments and wetland soils. Vibracore sampling was conducted to the north and the south of the Interlak delta over more than 6km of coastline by both the Kisaq (see Figure 3 in PDF link) and pontoon deployed vibracore units. A series of scout holes were also placed further east in a depression defined in the sediment profiling survey carried out in 2015 where sediment accumulations in excess of 25m had been identified. Sample lines were completed perpendicular to the length of the beach at spacings of between 100m to 1000m, with holes aimed at 5m, 10m, 15m, 20m and 25m of water depth, more than 7.5km of coastline was tested. Figures 3a & 3b: Preparing the vibracore unit for a core hole at Interlak (left) as well as thick layers of ilmenite rich material returned in the vibracore sample tube after drilling - See PDF link The above initiatives fit with the Company's strategy to undertake a "proof of concept" bulk-sampling programme in 2017 as well as lodging an exploitation licence application in the first half of 2017. One additional outcome from this year's work programme at Interlak was the mapping of the various terraces to try and identify depositional models and hence likely trap sites for higher-grade ilmenite sands in the raised beach areas. To this end, throughout the trenching a series of optically stimulated luminescence dating samples were taken to better define the age of certain strandlines or sequences of strata. An echo sounding survey was also completed over shallow areas to aid in tying the bathymetry and boomer profiling models with the photogrammetric digital terrain and ground penetrating radar models. Environmental base line study components were completed by Orbicon in the Moriusaq region and extending to positions outside of the licence area. Various samples were taken including fish samples and seaweed samples. The flora and fauna were also evaluated around the Moriusaq region and outside of the licence area. FinnAust CEO Roderick McIllree said, "The 2016 fieldwork programme was a major campaign designed to fulfil many requirements, executed by experienced service providers and delivered at relatively low cost. I would like to thank all participants, especially our lead partners, GEUS, Orbicon, NIRAS and SRK for a successful and productive season. The results from the diverse range of initiatives undertaken will generate a large array of data that will tie in with other work programmes that are underway in the background. The completion of a maiden JORC resource, together with results from the environmental impact assessment, will position us well for our next leap early next year into permitting of an exploitation licence in H1 2017. Pituffik continues to exceed our expectations at each turn and it is my belief that this project will eventually be recognised as a globally significant ilmenite deposit both in terms of grade, and tonnes".
squiresquire
22/2/2017
22:30
Salutary lesson from Greenland Minerals & Energy. Square this from 2012 - Roderick McIllree , managing director of Greenland Minerals and Energy (GME), an Australian-based company planning to mine uranium in the country, said there is a growing number of companies interested in mining the country. “Greenland represents one of the last frontiers of prospectively on the globe, with strong and vocal government support to implement a mining industry, it makes perfect sense for the most active countries/companies to be there,” he explained. With this - December 2016 Quarterly Activities The final quarter of 2016 concluded a transformative year for GMEL that saw a robust foundation established for the Kvanefjeld Project. At the start of 2016, the Company’s objectives were to progress the permitting for the Kvanefjeld Project, and to advance the commercial development strategy.  ; 5 years later still not exported any uranium from my reading. A good indication of how the best laid plans generally do not go according to expectations... And this from 2013 - "The company looks forward to continuing discussions on the Kvanefjeld project with Greenland stakeholders and regulators in order to finalise the development strategy of what is emerging as a world-class mining opportunity in Greenland," managing director Roderick McIllree said in a statement. https://thewest.com.au/business/finance/greenland-shares-spike-after-uranium-vote-ng-ya-360068 https://hotcopper.com.au/threads/joining-the-dots.2453586/#.WK4R6vmLSUk Looks like we seen this script before... Good night!
richie666
22/2/2017
22:19
Where has the name Jeremy Whybrow come up recently?! Hmmm... http://www.smh.com.au/business/at-last-a-face-to-the-many-names-and-deals-20090923-g2qw.html And where has Greenlands Minerals Energy popped up before. Hmm... "Best known by its sharemarket code of GGG, the company has a tenement in Greenland that is prospective for uranium and rare earths Snowy/Ramp/Shut it - bored of your drivel so all on filter now.
richie666
22/2/2017
22:19
Mr Jennings of Align - you may be proved to be the bonkers one. What you do then? What is your agenda? Have you borrowed any shares?
snowyflake
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