Finnaust Min Share Discussion Threads

[richie666] 22/2/2017 16:40

Billy - I have a quick question for you, if you don't mind taking the time. Do the directors still have significant skin in the game and would it be typical for the likes of share price Angel to take a long term stake in a company?

ANSWER - The directors here take a decent six fig salary and have turned a buttons (relative) investment in Bluejay into tens of millions & which is way out sync with other resource co's at comparable stages of development (no JORC estimate). If they sell 1 share they'll likely crater the stock elevation and so are, to all intents & purposes locked in - sadly for many major stakeholder directors that is the way. But, that is why the others that have been able to sell freely and, non discloseably selling, is a major smoke signal to me.

Ref share price Angel - I can only say that here at Align if we believed the shares worth 15p we would not, I posit, be selling at 4.54p. That is completely against our approach and is why we operate the way we do.

What would be even more interesting however is to ascertain if they have sold their 1m shares they exercised via warrants today. If so then I believe we have a fait au complit.

There's non so blind as them that cannot see...

That's me done for today!

[billytkid2] 22/2/2017 16:03

This is an interesting message board. I have been catching up with some of the previous comments as I recently bought into the stock in a relatively modest way at 7.1p. Richie I can see you perform in depth research and know your stuff. Although major stock holders selling down is often a bad sign, I think we can offset some of that given the major rise in the share price. I have a quick question for you, if you don't mind taking the time. Do the directors still have significant skin in the game and would it be typical for the likes of share price Angel to take a long term stake in a company?

[squiresquire] 22/2/2017 15:48

You are saying so far, investors have doubled their money or better.

Isnt this the trademark of a good stock ?

[squiresquire] 22/2/2017 13:37

It looks as if they have virtually cleared the million, very swift of correct.

[snowyflake] 22/2/2017 13:28

aravali - I agree with you and one has to ask what Richard Jennings' (richie66) agenda is; it does not appear to be altruistic in my opinion.

[squiresquire] 22/2/2017 13:11

I took this from a research note on the website.

Just to remind us how close we are to actually having a world class JORC


Advancing toward mining titanium rich, ilmenite mineral sands at Pituffik. *Valuation: We value the project at an IRR of 43% and a $144m NPV on an 8% discount rate. This give us an NPV per share of 19 pence. *Pituffik deposit is very different from other mineral sands deposits and experts suggest Pituffik titanium mineral sands grades may rank among world’s highest. Pituffik’s mineralogy is much simpler and the deposit is seen as unusually consistent. *Tonnage, consistency and metallurgical evaluation should help confirm potential value of the in-situ deposit. Quality of mineral sands concentrates is critical with Pituffik appearing suitable for sulphate production. Processing, as with all ilmenite, is required to reduce impurities to acceptable levels. *Royal IHC, the Dutch dredging company, is supporting work on the dredging of shallow and near shore marine mineral sands. *Ilmenite Demand for ilmenite concentrates should continue to rise.

[nohead] 22/2/2017 12:10

I can't understand why anyone would want to be short of this stock just before the maiden resource statement. We analysed the drill data and it looks really good. I think one reason there is so much buying in the stock right now is because the resource is due by the end of next month.

[squiresquire] 22/2/2017 11:53

richie

I still dont understand how a rising share price is a bad thing in the very markets that exist to allow people and institutions to trade such stocks with a view to profit taking. Profit taking is what you are saying has happened or am i not understanding you.

I am also sure you do not eat, as you say 'your own cooking', surely the food is the edible part, or am i misunderstanding that too?

[richie666] 22/2/2017 11:33

We eat our own cooking. www.alignresearch.co.uk

[squiresquire] 22/2/2017 11:29

Surely you are talking about more profits being taken. Why is that so wrong in a rising share price? We know the JORC is about to be announced very shortly now, again what is the problem with that. To me it seems the company is steaming ahead very well indeed...and the share price!!

[richie666] 22/2/2017 11:22

Squire, squire - WHY were share price Angel selling stock at 4.5p whilst the company was putting out glowing RNS' about a rosy future? And then a few months later slapping a 15p price target on the stock with no JORC figs or a broken down DCF?
Why were Bluejay shareholders selling stock to take back CASH they put in while keeping de facto free paper?
Why were Western Areas that were meant to be a cornerstone investor selling a big lump instead of participating in the last round at 7p?
Where is the JORC estimate that was due by now according to the Co's RNS's last year?

Answers on a postcard plse.

[squiresquire] 22/2/2017 10:10

richie

Surely that is what good companies do ...they give you profits. And £65k as you put it is a nice profit from a company sitting on a world class asset. At least, one about to be proven up.

[richie666] 22/2/2017 10:02

So that's share price Angel exercising some of their warrants -

Nice £65k turn. As a betting man if they are still holding this stock by the end of the week I'd be surprised!

[richie666] 22/2/2017 08:57

Anybody not steadily moving into cash at this point in the market cycle is braver than I!

[patviera] 22/2/2017 08:52

I think Macca wants 10p for some Let's seeWill need the small cap boom to continueWho knows but that's guesswork

[richie666] 22/2/2017 08:23

Pat - if he'd have been really clever he'd have sold in the placing when he cudda got a lump of 10m away. As you rightly point out he is over 3% currently and disclosable and so a sale of more than 4m will put him through the 3% threshold and require RNS'ing. That will not look well.

Hopefully it is becoming apparent to the naysayers and blinkers here that I know what I am talking about in this game.

[nohead] 22/2/2017 08:16

Richie, then who paid you to write the short recommendation on FAM? I don't understand where this is coming from?

[intgeez] 22/2/2017 08:15

Who's Macca?

[patviera] 22/2/2017 08:12

I'm sure Macca sleeps easy!!Hopefully he's not geared up which I doubt Agreed,let's hope he takes some off the table and leaves something for the "greater fool"@lookingforchangeofholdingnotificationThe way to make real money is to hold shares for the v long term but as we know smaller company exploration stocks are not the ones..too many pitfallsHope these are 20p for Macca