Finnaust Min Share Discussion Threads

[richie666] 21/2/2017 14:32

U are bonkers and show your naivety in extremis.

WHERE are the RNS's re these share sales by Mr Palmer ref below:

Garth Palmer On market disposal of Ordinary Shares 100,000 5.25 pence 16 May 2016
Garth Palmer On market disposal of Ordinary Shares 100,000 5.00 pence 13 May 2016
Garth Palmer On market disposal of Ordinary Shares 150,000 3.90 pence 12 April 2016

Also, where is the disclosable threshold reductions for Mr Whybrow? He looks to have gone below a round percent last April.

[snowyflake] 21/2/2017 14:22

Plenty Mr Jennings. I find point 6 particularly naive; as shareholders in Bluejay what did you expect them to do with the shares? I am pleased that for just under 15% (108 mil over 727mil) Finn Aust gets the remaining 40% of Pituffik.

[buoycat] 21/2/2017 14:13

If it's a free float squeeze it's lasted over a year. A steady rise from 1p does seem miraculous. I'm almost at break even!

[richie666] 21/2/2017 14:10

Snowy - any positive spin on post 633 above?

[buoycat] 21/2/2017 14:05

Certainly keeping busy on the name change front.

[snowyflake] 21/2/2017 14:02

I am happy with a free float of 344 million shares as of now and will be happy with a free float of 344 million shares after the GM on 10.03.17

And the company is not incorporated in the BVI

[richie666] 21/2/2017 13:35

FACTS:

1. Western Areas reduced their holding materially at 7p
2. Shaun Bunn reduced from 2p upwards
3. share price Angel sold all their physical stock
4. Jeremy Whybrow sold stock between 2 & 5.5p
5. Gareth Palmer sold stock between 3.55 and 5.25p
6. The Bluejay stock swap is going into Kuenzel and Mcillree’s pocket and so keeping the freefloat tight.

For newbies - this is what you call a classic stock operation. I suggest u go and buy a copy of Reminiscences of a Stock Operator for further details on how it works.

They played a blinder I will give em that.

[richie666] 21/2/2017 13:30

This is all I needed to see gents -

As at the date of this document, share price Angel did not hold any Ordinary Shares, but has an interest in warrants to subscribe for Ordinary Shares as follows:

And this -
On market disposal of Ordinary Shares (SP Angel)
1,584,244 4.54 pence 3 May 2016

As a betting man I'd bet these are being sold too:

"As at the date of this document, share price Angel did not hold any Ordinary Shares, but has an interest in warrants to subscribe for Ordinary Shares as follows:

Grant date

Expiry date

Exercise price per Ordinary Share

No. of Ordinary Shares

4 March 2016

4 March 2017

2 pence

1,000,000

4 March 2016

4 March 2018

4 pence

1,000,000

4 March 2016

4 March 2019

6 pence

1,000,000

15 April 2016

15 April 2021

2 pence

625,000

8 December 2016

14 December 2021

7 pence

2,165,357"

Now ask yourself why the broker to the co would be selling stock whilst putting out a Buy recommendation? THAT illustrates to me (a) precisely that they do not believe the valuation and (b) that our model at Align of 6 months lock in from a Buy recomm is pretty unique and really only the believable offering out there.

If u still holding on in this free float squeeze exercise u are beyond mad Mark.

[patviera] 21/2/2017 12:44

Yup Macca about to retireI'm happy to move in if he lets meHe's always been handsome and charismatic but now he's rich as wellMy perfect fella xxxx

[squiresquire] 21/2/2017 08:53

macc

Well done mate, looks like youre on a life changer here.

[maccamcd] 20/2/2017 22:46

10p Pat? No way.. 13-20p...Maybe.

[patviera] 20/2/2017 22:35

Macca has called this perfectly Looks like he will get the 10p he wants to offload some of his large stake

[shutittrev] 20/2/2017 20:47

Oh dear Ricardo, calm down and stop being so silly.

[patviera] 20/2/2017 16:05

Macca you are a geniusAll the derampers above have goneYou are the warren Buffett of smallersLove u x

[maccamcd] 20/2/2017 11:04

They are Pro's alright. Straightest bunch of Australian mining dudes on the market. Very happy holder following this good ship. Stock trending nicely.. Stag money being soaked by new holders.. Feeling very underpinned. Onwards!

[squiresquire] 20/2/2017 10:33

I am thinking that the reason they gave for this latest RNS is that it will make life easier for a farmout, ie to get a partner with deeper pockets. The new 100% holding is an easier animal to buy into than one with two substantial owners. I think this is very good news partly because i think they have got their new investor lined up, and this is the time to streamline ownership before the JORC which is very soon now.

I very much like the implementing of this BOD, they really do get on with the business
in hand.

We should also be very pleased at the rising volume we are currently seeing, news is catching on. I have Mike Walters to thank for getting into this share, he really does have an excellent site, totally unlike any other share comment site i have seen, his research is in depth, shows upside as well as risk factors and he updates as the shares particular story unwinds, his research on FAM can be got at:






This is a snippet from a free post of his which may give some help for anyone interested. I should also say its with Mike Walters permission i post this from his site as its a free update not a part of his paid for site which is at an utterly reasonable annual rate.

Owning ilmenite is good these days, and ilmenite which does not required hundreds of millions of capital spending on a mine is especially good. FinnAust's ilmenite is found along an 80km stretch of coastline, with large accumulations on raised beaches, on the active beaches on the sea side of the frontal dunes, and in the relatively shallow beaches (the drowned beaches) some distance into the sea. These are natural accumulations of black sand winnowed by time - who knows what there is in the original source rock still?

This black sand has some remarkably high grades, and is 90% ilmenite in one area. One beach has lower tonnage, but grades of 75%, while there is another area with large tonnage at grades down to 15%. More than 500 holes have been drilled with the estimated average grade in the region of 30%. This looks remarkable, given that most of the main mineral sand producers elsewhere operate with grades close to the average for major producer Kenmare Resource at 3%.

It is not clear just how much of the Pituffik potential might be covered by the initial resource estimate. Samples are being evaluated in laboratories, and grades appear to be at least as high as visual estimates determine. Simple processing - a shaking table and spirals - could produce a saleable ilmenite concentrate, though the company could achieve a higher price by installing a magnetic separation plant, and eventually might go on to purify further to achieve yet higher prices. In any event, the unusually high grades ought to allow premium prices.

The plan has been to keep equity dilution to a minimum, and to take full advantage of simply being able to lift the sand off the beach and transport, some to Europe and North America, and more to China, though China transport costs are higher. This is all being done with as little spending as possible. Machinery required in the coming work season is being bought nearly new at cheap rates, and bulk sampling should start this summer.

It looks as if the company will be supported by experienced mining and shipping operators in the initial phase, sacrificing margin to them to keep the initial spend in check. FinnAust has three high grade projects in Finland which have a mix of base metal deposits, and it is likely that these will be sold at some stage to realise valuable cash to help support Pituffik. There are also two polymetallic projects in Greenland. These were cheap opportunistic purchases, and do not figure prominently in company thinking right now.

[snowyflake] 20/2/2017 09:09

I am very pleased that the company has now got (following the GM on 10/3/17) 100% of Pituffik. Now for the JORC resource.

[snowyflake] 18/2/2017 22:08

Thank you - can still dream. Double handle?

[patviera] 18/2/2017 17:30

Spectra not fam snowy!!Love Macca

[snowyflake] 17/2/2017 15:07

I don't know about a 100p but it should go a lot further. Next stop the JORC resource report?