First Class Metals Share Discussion Threads

[m1sterx] 19/4/2024 08:19

Retail investors have been conditioned that current low share prices across this sector will remain forever, most are now just looking for a 10%/20% turn, many have become speculative traders.

After a 3 year bear market gains moving forward will be spectacular, had we been in a bull market these shares, for example, would have be in double digits + would have surged on the sale process RNS.

You buy the lows and they are in right now.

[goldenshread] 19/4/2024 08:02

I think interest will grow here ahead of upcoming news on the sale process, buyers were nibbling away yesterday for example.

A deal looks very likely and it must involve a sum north of the current m/cap so this looks a no brainer entry point IMO.

[bigego] 12/4/2024 09:59

hxxps://x.com/FirstClassMetal/status/1778694910851387393

Gold flying knocking on $2400, money will come into the sector soon

[bigego] 11/4/2024 17:48

Well worth a watch

[bigego] 11/4/2024 17:39

That's the sort of company you want to be partnering with,FCM could have pulled a blinding result off here.

[bigego] 11/4/2024 17:36

More I read about 79th Group FCM asset suitor, more I am impressed.

hxxps://www.thetimes.co.uk/static/business-guinea-gold-seventy-ninth-grouppull/

How an ESG asset management firm struck gold


The Seventy Ninth Group is a property empire from Liverpool that turned to gold in Guinea and invested in communities along the way

Natalie Bellis, CEO of Seventy Ninth Group, is adjusting to UK time after a flight from Dubai, where the company’s capital markets branch is based. Since the formation of the company, just three years ago, the business has grown rapidly. Bellis (pictured above, left, with colleagues and business partners in Dubai) now divides her time between the headquarters in Southport, Merseyside, and Dubai. “So, I’m there quite frequently, but it’s a long trip,” she says. “I’d love to say I switch off on the flight but it’s the only chance I get to do emails”, she laughs.

Long trips, however, are something the Seventy Ninth Group is very used to. The company name, informs Bellis, comes from the periodic table: the 79th element is gold. And gold, specifically gold exploration in the Republic of Guinea, is the Seventy Ninth Group’s raison d’être.

Prior to striking gold, company chairman Dave Webster forged a successful business in property development, buying his first ever buy-to-let property in Liverpool in 1991. By the 2010s, Webster’s now sizeable nationwide portfolio was such that it allowed him to take early retirement. But, says Bellis, “retirement didn’t suit him”, and he was introduced to Guinea to learn about the growing commodities market there.

“Being an entrepreneur, he saw the opportunity,” recounts Bellis. “It really opened his eyes to the world of commodities.” Rather than continue his retirement, he set up the new business, bringing in his two sons Jake and Curtis as Managing Director and Investment Director respectively. Bellis joined the Group as CEO in January 2021. “I knew of their interests in West Africa and was intrigued by it,” she says. “I went in and met the family and instantly loved their ambition.”

‘It really opened his eyes to the world of commodities’
The Websters have retained their UK property arm alongside the Guinean commodities business. While the former provides steady, stable returns, the other by its nature requires a long-term approach with an extensive risk management process. The two arms of the Group provide a perfect balance, says Bellis. Combined, “when all is said and done, it’s simply an asset management company focused on land – identifying, targeting and finding opportunities in undervalued assets, with significant, positive outcomes.”

These positive outcomes go beyond just financial returns, however. Central to both Webster and Bellis is the desire to ensure that local communities in Guinea benefit too. When Bellis took over as CEO, she was given the mandate “to drive the group’s ethical approach to the business”. Since then, environmental, social and governance (ESG) has been central to the Seventy Ninth Group’s approach.

Working in the mining sector presents “unique challenges from an ESG perspective,” admits Bellis. And they are not what you might expect. “People think you literally go out there and there’s an open mine waiting for you. In fact, it’s actually a piece of land,” she explains. “And it’s a beautiful piece of land.” Local knowledge – and local trust – is therefore key.

Connecting with communities
This took Dave Webster years to build, from his very first trip in 2011. It took eight years, meeting with the elders of the community, to achieve “their sanction and blessing”. The intimacy gained became such that a local elder personally walked Dave Webster out to a site marked by a hand-laid rock many years ago, designating where a vein of gold could be located – it proved to be correct.

This hands-on approach has continued as the projects have grown and evolved, and the payoff from developing relationships is something that Bellis refuses to take for granted. “It’s now embedded in everything we do – the fact that we still travel out to our concession sites and meet the communities and ask the important questions ourselves, not through third parties. The well-connected approach has served us so well already, and we fully intend to maintain that.”

‘They need the skills to be able to progress – and that takes external contribution’
Having a small environmental footprint, offset with a large social and economic impact, makes for a tricky yet rewarding balancing act. The Group’s back-office functions are now Green Mark and ISO certified: “for me, that was really fundamental at the early days of the Group’s incorporation to have those practices embedded and evidence that that’s how we operate”, says Bellis. While on the operational side, less invasive methods such as ‘air core’ drilling, which doesn’t require the heavy water-demand typically associated with gold mining, has proved an important innovation.

On the community development side, the Seventy Ninth Group partners with NGOs on the ground including the Red Cross to provide health and safety training not just for the workforce, but also for members of the wider community. A partnership with a local school is also seeing children trained for skills in agriculture, giving them additional choices for the future beyond simply mining. “That’s something really close to my heart,” says Bellis. “They just need the skills within the communities to be able to progress – and that does take a lot of external contribution.”

Long-term projects
As we speak, the Seventy Ninth Group has just commenced a drilling campaign in Lusso South, in the Republic of Guinea, creating 36 new roles for local people. The aim of the campaign is to extract soil samples which can be sent to labs to help determine the mineral richness of the soil and, crucially, the value of the land itself. The previous drilling campaign in 2022 – the exploration phase in which geologists examine the soil for potential – yielded such positive results that this year’s campaign was expedited and presents a potential game changer for the company.

In-Country Manager, Eric Ntube, describes it as “incredibly fulfilling to see all this hard work and months of planning come to fruition.” This has included organising this drilling campaign, extensive development work, and relationship building with local communities.

“The Seventy Ninth Group have always wanted to do this in a way that positively impacted the local communities and the wider country as a whole,” he says. He and his team spent weeks engaging with the locals on the ground, visiting nearby villages, medical facilities and community sites. This included support for training and income-generating initiatives for youth and women’s groups.

‘We want to have a positive impact on local communities and the country as a whole’
The long-term plan is to continue to explore different concessions throughout the Republic of Guinea, not just in gold, but also iron ore, bauxite and diamonds. “We will continue to diversify,” confirms Bellis. Commodities and precious metals “are what the world needs”, she says. The Metal And Mineral Global Market Report 2023 found that the global metal and mineral market grew from $7,541 billion in 2022 to $8,126 billion in 2023, a compound annual growth rate (CAGR) of 7.8%, and is expected to grow to $10,651 billion by 2027, driven in part by the demand for wireless electronics, batteries and electric vehicles.

This means, says Bellis, that the time is ripe “to be a game changer in this sector. There are more sustainable ways of doing this while equally helping everyone around you.” Within the next three to five years, the Group intends to list its commodities assets on the Canadian TSX V exchange. In the meantime, the strategy will continue to be, says Bellis, “to expand and grow within the communities that we’re in, building local employment and skills. That’s absolutely what we want to do.”

[bigego] 11/4/2024 17:31

79th Leisure

hxxps://the79thgroup.co.uk/leisure/

We identify undervalued projects in the UK, with a focus on the leisure and holiday park sector. Our investment strategy is informed by extensive market analysis, which has allowed us to recognise a rapidly expanding demand for these types of properties throughout the United Kingdom.

[bigego] 11/4/2024 17:28

79th Global

hxxps://79thglobal.ae/

Our board of directors have been innovating in the real estate industry for over 30 years and our Chairman, David Webster, was previously the UK’s largest private landlord with a portfolio of over 800 properties.


The Seventy Ninth Group is chaired and managed by The Webster Family, who entered the UK property sector over 30 years ago. It holds a unique and advantageous position in property specialising in the acquisition, management and development of desirable property assets during times of economic turmoil and uncertainty.

[bigego] 11/4/2024 17:27

79th Resources


hxxps://the79thgroup.co.uk/resources/


Enriching lives, creating value.
As the world recovers from the COVID-19 pandemic and looks to rebuild in more efficient and sustainable ways, the demand for natural resources, minerals and precious metals has never been greater. Metals are also playing a key role in the transition towards cleaner energy and precious metals such as gold, are an integral part of industrial processes, electronics and chemical applications. To meet this demand, the efficient mining of minerals and metals must increase significantly. Successful management of mineral supply chains therefore, presents one of the most striking commercial opportunities of the next decade. ​

West Africa occupies a unique place in that minerals supply chain. For example, the Republic of Guinea has rich Iron Ore, Gold and Diamond reserves. It also possesses almost a quarter of the world’s known Bauxite reserves. Bauxite is the primary source of aluminium, and Bauxite-derived aluminium has a range of different uses, including essential components for solar panels, in vehicles and in aerospace technology, as well playing a key role in construction. ​

At the Seventy Ninth Group, our aim is to unlock the potential of Guinea, helping it to meet the growing demand for minerals globally, by identifying the valuable resources that people across the world need. We have been operating in the natural resources sector since 2011, and we use our decades of experience gained within the real estate industry to identify undervalued assets that can be turned into exceptional commercial opportunities.

[metals magnet] 11/4/2024 16:42

Heartening to see I’ve been receiving support on the Fcm telegramchat from investors concerned about me being muted
There are still some brown nosers on there backing the board decision to do this
Investor chats are for investors to make valid points about company issues
I simply questioned a statement the company had made officially
I was then muted
Censorship won’t park
There are many other chat forums such as this and the lse chat for example

[ldbart] 10/4/2024 16:18

£5M - £7M would be a nice start ?

[bigego] 10/4/2024 15:37

Just read some loon on twitter is reckoning £9m from asset sales, love to see that but being realistic £2-5m depending on what is sold would be great.

WTFDIK though?????

Could be right.......anyone any thoughts??

[bigego] 10/4/2024 15:36

Very strong couple of days here, the stock is performing well and rightly so.

Word on the street is the broker CCM who did the last couple of fundings has been struggling, they cannot bring in new cash so they are selling positions off from clients just to recycle.

Looks like this is working through now and the buying is getting some value back.

Been a hard ride for this company since June last year but I reckon with gold moving and the deal with 79th Group coming its a storming buy.

[ldbart] 10/4/2024 15:12

I can see 3.5p popping today. A very decent entry price for a new investor or a price to average down for one of the loyals. I certainly have :-)

[algernon2] 10/4/2024 12:33

Well you are saying quite clearly what you feel and ,so far, have escaped being muted or mutated MM.

[metals magnet] 10/4/2024 11:18

The FcM telegram chat is controlled and manipulated by the company
JK is admin and Claire J is paid by the company to promote what the board say
Need to have an independent chat where investors can say what they eakt

[metals magnet] 10/4/2024 10:25

The recent announcement of the creation of a data room with a potential buyer looking at 5 properties is a welcome step
However this is not a move which was planned by the company
It has been forced to take this step because of the drastic drop in share price and market cap
They seem to be making it up on the hoof
If you look at all the posts and news releases up to the end of 2023 the company always proposed another placing
Unfortunately the telegram chat group has become a mutual appreciation society where people simply praise MS and JK
There are many factually incorrect poss comments have been been posted and the company has never attempted to clarify or correct them
If you criticise like me then you get muted

[iman1974] 10/4/2024 09:32

They have assets easily worth that, you are spot on

[goldenshread] 10/4/2024 07:54

Looks a great entry point, asset sales in progress, market cap sub £3m, just one project sale could equal that number.

Fears over dilution gone + they have at least £500k in the bank.

5p/6p seems a very realistic near term target.

[broken_arrow1] 09/4/2024 19:10

According to a post elsewhere the potential rise today was clipped due to a small seller who apparently posted on X that they sold FCM today due to boredom, this outfit has a few followers which may have acted in concert.

It looks like they are now out as online limits strengthened towards the close.

Shares look poised to move up over the week.

[algernon2] 09/4/2024 18:01

Welcome "The Bull".

[the bull] 09/4/2024 13:10

Afternoon all, thought I would join you with a little 160K nibble. Have to admit to very little research other than I have heard of this company and the CEO sounds trustworthy. I like my metals though. Good luck all

[broken_arrow1] 09/4/2024 08:30

Asset sale announcement today, looks like easy money to be made here if you can get any.

Only 100k of shares at offer price then they want a premium - some platforms at NT only on any size.

£3m m/cap.