Finnaust Min Share Discussion Threads

[maccamcd] 10/5/2016 07:11

" HD3Ds built using a combination of bathymetry, seismic and the latest ortho-rectified 3D photomosaic technology to deliver for the first time a model of ilmenite bearing sediment accumulations into one complete 3D model"
"has clearly defined very large volumes of ilmenite bearing sediments within the shallow marine or near-shore area"
"All necessary documentation to support the application for rights to the ilmenite bearing sediments contained in the shallow marine area have already been lodged."

STRONG WORDS?!
"Once approved this expanded licence area"!

[maccamcd] 09/5/2016 09:50

Rod.. still got a face for radio. found another recent interview:

[maccamcd] 05/5/2016 10:12

Stock is now sets/order book.. Thinking is, as the journey gets better.. New investors from afar wont be put off by it being a 'market maker' stock I hear.. Short term.. Probably not a factor in my opinion. The market makers have done a fine job so far!

[maccamcd] 27/4/2016 10:24

Rod may have a face for radio, but that wont stop him making us very wealthy from FAM assets!
recent interview with LSE in this youtube link -

[longrod] 18/4/2016 19:24

Robbie

Happy owner, see it doing well.

[richie666] 18/4/2016 07:46

This is interesting from the paid for note and effectively tells you the stock is already overvalued, that the reserves estimates is not firm and looking at the company's current cash resources that there is much more equity dilution to come:

Valuation Considerations
Valuation is challenging at this stage
Given the early stage of the Pituffik project, limited exploration data and the fact that the deposit does not yet
support a JORC-compliant mineral resource estimate, it is challenging to estimate a value for the project in its
current stage, in our view. Although the project has a long exploration history, the continuity, grade and tonnage
of the deposit, and the resource potential remains an unknown quantity.
Clearly, significant potential exists as we have outlined earlier in this note, but at present we have not attempted
to calculate a value for the project. Our usual valuation method is to calculate an NAV based on DCF modelling
(discounted cash flow) but without even scoping-level assumptions for production, opex, capex and timelines,
this method is not appropriate just yet. Similarly, with the project being pre-resource, there is limited
applicability to using peer-group averages based on a $/tonne metric.
In any case, direct peer comparisons for mineral sand deposits have limited value, in our view, due to the wide
variation in mineral sand orebody characteristics and multiple product streams, i.e. varying mineralogy (rutile,
ilmenite, zircon) and variable TiO2 content.
SRK assigned a maximum value up to $24m
SRK, in a technical report (November 2015) determined a valuation range of $0.6m to $24m based on a variety
of approaches including a cost appraised method for the lower valuation and a comparison with other
operations for the maximum valuation.
It is important to note that SRK’s valuation is based only on an onshore operation and excludes the potential of
offshore dredging, which we view as the more lucrative mining approach.
Based on the current number of shares in issue, SRK’s valuation would equate to 5.2p/sh, excluding any further
equity dilution from funding. Based on the number of shares in issue post Bluejay acquisition, SRK’s valuation
would equate to 3.6p/sh. It is pertinent to note that this valuation pertains to Greenland only and excludes
FinnAust’s Finnish and Austrian portfolio.

[longrod] 16/4/2016 12:48

Why are you guys acting this way. This has potential to be memorable.

sit back and enjoy the ride.

[richie666] 16/4/2016 12:43

What is not true? That where money and human beings are concerned they act in self interest (we both know about that don't we?!)? That the stock is tightly held at present by punters with other posi's that WHEN (not if) they need to sell something to cover a margin call that they will thus not act in self interest & so decide not to sell FAM and instead look after their fellow "punters"?

That Mcillree when asked to engage with me on a few matters (non FAM) that were serious and required an answer (quite aside from common courtesy) - he deigned to reply..?

Next question? If you have half a brain u should be dribbling these out steadily and holding a posi for free so that you are relaxed and not risking your kids, wife and house on a punt on a small cap co where you do not really know the management! You STILL have not learnt and u say I don't... Madness.

Next question my ole mucker?

[maccamcd] 16/4/2016 12:39

Not true.. I know your selfish reasons for saying this.

[maccamcd] 16/4/2016 12:09

It's a hidden Gem, about to sparkle. Happy holder... You best buy back your position boyo!

[maccamcd] 16/4/2016 10:34

30p sounds too high... 15p should be the realistic aim with timing of project news. Suppose the only unexpected event that brings 30p-50p would be very early asset sale to Iluka/Huntsman et al... Not improbable... But doubtful until 2017

[longrod] 16/4/2016 08:09

impressive chart!!

[longrod] 16/4/2016 08:09

nice upward move. seems to be getting more attention

[thundercat1] 15/4/2016 17:32

Pretty impressive chart.

[113mike] 15/4/2016 11:55

All shaping up nicely...looking forward to the next news & updates etc.,

[thundercat1] 12/4/2016 11:38

Wish I'd whacked more cash in here could made my grand back I lost when this was chc and they wiped my money out.

[maccamcd] 11/4/2016 11:09

Indeed.. All tightly held holders.. Hopefully the asset turns out as spectacular as the chatter. Guess we find out in next few months!

[longrod] 10/4/2016 19:15

Macca to start a new thread you need to be a subscriber.

[thundercat1] 07/4/2016 14:10

Quid for cash thanks.