Finnaust Min Share Discussion Threads

[maccamcd] 17/10/2016 14:36

the funniest thing i've ever seen. .now richard has got me old mate Brokermandan to post his FAM nonsense.
Now Dan Levi has been pulled into Jennings wharped view of FAM

absolutely brilliant. If ever there was a reason to keep every single share of my 26m.. it would be to be EVEN RICHER and take these boys on an all expenses paid trip to Lapland

VIVA to Lapland on a Reindeer!

[maccamcd] 17/10/2016 14:15

I have very very good pattern recognition. I'm not an analyst. I've looked at all the moving parts of this investment, including meeting the mngt and talking through the potential with anyone who cares to talk to meet.
my conclusion on the basis i've been an AIM market maker for 20 years and have met all sorts of wronguns during my time.. and have had some winners and losers is...

I 100% trust and like the mngt of FAM. Top team, super professional. Just go and book a meeting with Rod & Jeremy. kick the tyres... do some research..

SP ANGEL the broker should organise a PI social. I've done my bit.. i'm long, and very happy.

not saying buy or sell.

HAPPY FAMily.

good night

[maccamcd] 17/10/2016 14:10

I HAVE NO VIEW whether anyone should buy and sell. I only talk about my own hopes and dreams.
I hope to one day sell some at 10/15/25 and 50p.. its merely my view that one day I will.
nobody should trade on the back of my dreams

[rampair] 17/10/2016 14:09

Less ice in 2012......& maybe jobs?


R.

[rampair] 17/10/2016 13:45

Here is a real fact : in summer 1952, without a port to use the US army Corps of Engineers constructed a full Airbase suitable for B52 Nuclear bombers.
They Landed, in One month 300,000 tons of supplies from a 100 ship convoy.
4000 men worked on it in two shifts.
If they can - 65 years ago manage this, I don't think it impossible to Remove the sand at the same rate over a longer timeframe.

Put in " Operation Blue Jay" into a YouTube field & watch. Look at the water
during the film. Also Global Warming has caused a drastic shrinkage of the sea ice.


The second real fact is that for 100 years people have tested and discovered the
Ilmenite & where it is concentrated.

Now, if we stick to the possible we can work out whether with FinnAust it's Probable?
That way we help each other grow our savings & we won't have to hang around bulletin boards!

One point about valuation- of course a " possible" project like Pituffik ilmenite
sands is going to be worth a lower sum when transferring 60% to FinnAust, if the rest is to be transferred then it will add to the value.

An example: A barrel of oil in reserves, but in the ground is valued at 2$.
when you mobilise the drill, the value jumps to 8$ - it's getting more likely to see the light of day.
Once that drill shows it will flow at 5000bopd the price jumps again to 12$
Then you do a field plan & get it approved it comes out of the ground, lo & behold 50$
25 times the original value.

One other thing, Blue Jay, being a related party transaction- why would they value it
at 20$m? You crystallise a Capital gain & pay tax, better to defer & take shares in Newco so you pay less tax early & more tax when you've made some money? As I say,
Just a PI trying to understand the strange world of small company funding.

R. DYOR.

[richie666] 17/10/2016 10:28

Birotop - it's not about winning it's about healthy debate as to whether an asset valued at just over £1m 11 months ago, then revalued by the auditors at less than £10m only 4 months ago is accurately reflected in a fully diluted near £50m market cap with prob circa £700k cash in the kitty and falling. If you want companies with real assets and ex cash market caps that are nominal look at GENL & PVR!

Additionally, whether it is appropriate for Mr McDowell to spin purely positive stories on the stock here to support the price to keep his leveraged posi plates spinning. Some newbies may be tempted to buy with his forecasts of 10,15,25p with no fundamental basis. I HAVE put out a robust note and invited the company to point out inaccuracies. They have leant on our business associate to try and silence it. As I said, draw your own conclusions...

He also now has immutable evidence that his statements re the note withdrawal are wrong. Whether he corrects these statements here will illustrate his integrity.

Those are the REAL facts.

[birotop] 17/10/2016 10:19

richie - think you are winning..

[richie666] 17/10/2016 10:12

Mark - you are 180 deg WRONG. Email sent to you to prove. It was taken down due to a compromisation of relationships NOTHING to do with inaccuracies (I repeat Mcillree was asked to highlight the inaccuracies and we would, if appropriate, correct. He has not thus far pointed out any inaccuracies).

Perhaps you will now question the valuation now you have the REAL FACTS.

[maccamcd] 17/10/2016 09:07

I've asked the company about the report and whether mngt responded.
FACTS ARE:
Rod did point out the inaccuracies in the align report to their broker; THAT'S WHY ITS BEEN TAKEN DOWN FROM THE ALIGN WEBSITE;
FAM has nothing to do with KBR, I'd like to think any new broker would be due to its growing size and needs as a business, so lets think BIG.. not smaller!
FAM's only dialogue with KBR is only to do with the report.

lets move on and be a happy board.

[richie666] 17/10/2016 07:48

The issue you are choosing conveniently to ignore is why does Mcillree want to try and silence my report and then allege inaccuracies and not correct when invited?

Where do u see incorrect info Mark?

Sumtin to chew on...

[maccamcd] 17/10/2016 07:15

cheers ramp.. seems like richie trying to make assertions on the personalities (we all have had unhappy periods being traders/entrepreneurs, haven't we richie??) and the shareholding of FAM is just noise and unnecessary.
The facts are its potentially world class size and grade.

Let the asset do the talking..

Richie, lets move on from you constantly wanting to throw spanners in. You could actually look like a hero in 2017 by turning bullish! ;-) when you grasp the facts with rose tinted shades

lets see what the stock is in Dec 16, June 17, Dec 17, June 18.

hopefully the stock comes back to 6p on a red day for any new buyers to purchase.

[snowyflake] 17/10/2016 06:18

A good piece of journalism by you Rampair. Thank you.

[rampair] 17/10/2016 01:19

Where a simple soul like myself has an issue is that many kilometres of sand .&in particular the drowned beaches, appear to have a high percentage of ilmenite.
There's a hard rock mine in Southern Norway that makes money on a 17% ilmenite orebody
- then has the associated hard rock processing costs.
The ilmenite in this case - again going on public domain documents covers areas up to 95% & it's already banded ( Ilmenite being denser has separated from the surrounding sand) The metallurgy report gives a consistent result all over the area covered by licence.
This, I have found from analysis of websites that are of existing ilmenite deposits
gives a good basis for a consistent concentrate.

forming a gravity separation of the ore by suspension in water
- something the sea is not short of...

As an ex Sierra Rutile shareholder of many years I do have a reasonable idea on what makes money & what costs money.

My thoughts would be to use ( where permitted) a dredger to remove the drowned beaches
separate out the ilmenite in an industry standard way & take it from there, leaving the non ore bearing sands in situ. Thereby not changing the marine environment at all.

If the cost of doing this is less than that which you make selling the product, you have a business.

The deposit has been described as having ilmenite in the top percentile worldwide
- therefore if you have large quantities - as stated.

Low costs.

A port from which to ship,
5 months of 2/3 daily shifts in perpetual daylight. Plus a month either side to rig/
De-Rig.

and you are making many tons of this, a £48m Mcap after dilution but before capital costs - it doesn't seem too onerous.

If people writing little messages to each other can be valued at billions ( twitter)
then I seem to have fallen into a strange world indeed.

As I say, I've only been investing in things I understand & twitter I realise holds data that can be mined to see whether we will buy a coffee every time we pass a shop because I told Aunty Mary - then hey, that's worth billions.

Given a great pile of sand that was under a now melting glacier on which there's
nearly 100 years of Danish data - Jeg Elsker Denmark...
There has been a lot of talk over the years about this ilmenite- whether FAM will make the money, who knows, but at least I understand it!

Incidentally - google Operation Blue Jay, Wikipedia. They have a sense of humour
I like that. Think that shows what is possible.

If the United States can ship 300,000 tons in June in the 1950's - into our area
It should be possible to remove a very handsome amount of mineral sand out of the same Bay Area - clearly next years test run will give a good idea of what to expect.

As always, do some reading yourself!

R.

[richie666] 16/10/2016 18:45

Ramp - the main issue I would have now as a shareholder quite aside from my report is just why Mr Mcillree (a) wants to silence the report and (b) alleges inaccuracies and then does not correct.

I would, respectfully, suggest that puts a very large question mark over an already wildly overvalued company.

[rampair] 16/10/2016 18:18

Ok, Gents, on the basis that us lowly PI's who don't seem to have the info that you bandy about ( BTW we have usually been successful in the " real" world to allow us to play here)
I invest some of my stock market capital in a company that "appears" to have a good story. I have read every report on the company website, I have looked at competing
mineral sands companies & the Avanaa resources projects. Similarly the Austrian &
Finland properties.
From the GEUS reports ( who are very independent as they have no particular need to
exaggerate) - and the historic references to these sands over the years - I can see
that climate change can lead to these sands being accessible now.
The company, fully diluted is being given a premium to a project that is land/ hard rock based - in my view partly because of the fact that the sands can be dredged
rather than an overburden cleared, a crushing circuit ,& all Front end Engineering has been done for you.
There are 56,000 inhabitants of Greenland, if they chose, they could have a Sovereign wealth fund the size of Norway- per head , simply by allowing some well planned mining. Starting off dredging sand,,,seems to this investor- just the type of project to allow. As I've said before, the 5 month work period isn't an issue due to the amount of daylight that far North.
Clearly I rely on publically available sources & am not in possession of good or bad " facts" that seem to fly about here and there.

There is a good potential company here, & I believe - despite only being lowly cannon fodder. That there is a good return to be made as long as everyone is straight
and it's allowed to grow without silly games being played.

Dyor, just someone on the Internet.
R.

[maccamcd] 16/10/2016 16:50

You might get an invite to the Xmas lunch on that basis!

[richie666] 16/10/2016 16:41

Mr McDowell - you have forgotten rule number 1 that is sacrosanct in the stock market - a profit on paper is just that - on paper.

I will be the first, contrary to what you think, to say well done if you crystallise that profit. Whether, after your actions with me over the years, I will mean it is another matter but nevertheless, well done I shall say.

[maccamcd] 16/10/2016 16:05

If any happy shareholders in FAMily want to come to the Xmas lunch in London.. Ping me a msg on LinkedIn. There will be no whispers or price sensitive information being passed around as someone suggests! Just champagne and good food.. And a few high fives!

[maccamcd] 16/10/2016 15:56

Yes my name is Mark mcdowell.. Find me on LinkedIn. You'll see my TR1 this week. Been a very happy shareholder since Bluejay team arrived. Bought stock in placings and the market. Everyone should be happy so far on this journey... Why Richieboy has issues is merely a distraction.

[maccamcd] 16/10/2016 15:52

Cut the PANR on the rally upto 115. Flat now.. Did a nice £50k. Made it back ten fold in FAM during the same period. Very happy. Can't win them all.

[rampair] 16/10/2016 14:36

The sale of Bluejay to FAM isn't such a daft move as the sale was a " related party"
Transaction. A couple of the Directors & so owned the rights to BlueJay - the best way for them is to grow a decent sized business that others invest in and make money.

They can leverage that and build a bigger company and make more capital than if they sold the asset to Rio or someone. Especially in a time where large companies are divesting assets.

Is it wrong that they find an asset in the far North & put their own money in?

Surely this is how high risk capitalism works, I imagine quite a lot of the pieces are in place & gradually a picture will unfold.
If one looks around the world, Mineral sands by their nature are found "lying around on
Beaches!"

There is a need that an institution or a well regarded Director comes on board.
Clearly the MD is not daft, nor Western Areas - they have done well.

its a risk, but so is all investing.

R.

[maccamcd] 16/10/2016 13:44

good strategy clangers.. wait for some proper institutional money to be invested. That should give any new investors a bit of comfort.

[theclangers] 16/10/2016 13:17

Thanks for that richie, A very interesting read. Now I understand why Fam haven't taken up the option to acquire the extra 40% in shares already. I'm not sure who has the best deal out of this acquisition arrangement between Fam & Bluejay. The share mix between the two companies is a bit complicated. What with options granted to Bluejay and the 30% take over rule. However they do have a good story to spin. But for me the danger is, Bluejay have an opportunity with a good reason to justify selling stock, while at the same time FAM are doing the rounds promoting the asset. That may never happen, but it begs the question why didn't they just do a 50/50 joint venture in the first place, unless of course, Bluejay wants out. It's a red flag for me. For sure more money is going to be needed sooner or later. Think I would like to how see how much and how that's raised before I make an investment here.

[maccamcd] 16/10/2016 13:14

Especially bitter ones like Richieboy aka Align.
Didn't get the contract to write a positive note a 2p..been trying to bear bash it since 4/5p..