We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fairplace | FCO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.50 | 15.50 |
| Top Posts |
|---|
Posted at 24/6/2004 22:51 by energyi FCO follows Inco (for some odd reason) |
Posted at 24/6/2004 21:58 by schober FCO up 20% from 47c > 57c!!!! anyone know of a reason? someone on stockhouse thought it was due to pog being up$8.Doesnt look a likely reason to me. |
Posted at 28/5/2004 17:52 by energyi I am long.If they get the mine permitted, FCO will rocket |
Posted at 28/5/2004 15:24 by playitagain fco looks good at this pricelast year rejected a bid @75p per share any views or comments wellcome as a matter of fact bought some today |
Posted at 17/3/2004 08:40 by energyi L.Roulston's latest says, about FCO:"The company has a projected net present value for the project of $403 million, based on a cobalt price of $28 per pound |
Posted at 12/1/2004 17:24 by energyi FCO above most resistance levels,apart from this one: - - - MORE CALCULATIONS... Inferred reserves/resources of 3,155,280 tons grading 0.608% cobalt. This equels x 2000 38.368 million pounds. Now we have it in pounds. 38.368 x $25 dollars assuming we could dig all that cobalt up and sell at the spot market price ( a hypotetical ) would equal 959 million US Dollars. Divide that by 108 million shares in Formation would equal $8.81 a share. Now the $25 dollars is what the company nets. $30 minus about $5 for cost of recovery. The company has 19,184 refined tons of cobalt reserve. They say they will mine only 1500 tons a year so 19,184 divided by 1500 equals 12.79 years. So from known reserves they can mine 12.79 years straight without finding more cobalt. Selling 1500 tons a year x 2000 pounds equels 3,000,000 Lbs a year x $25 net after expenses equels 75,000,000 dollars a year net divided by 108 million shares in Formation equels per share 69.4 cents profit a year. This does'nt take into account the companies gold/silver/nuclear fuel/copper and other minerals. ITS A BUY!!! So you are controlling $8.81 cents value for only .49cents US. That is leverage. And this is just cobalt! Cheers ProTicker |
Posted at 12/1/2004 17:04 by energyi POSTED on Stockhouse BB:Posted By: charles99 ... Post Time: 1/11/04 01:19 FCO is one of a few companies around the world where the deposits are pretty much ready to go just waiting for metal prices to rise and an environment for funding to go forward. Now FCO is one of those companies with a hell of a deposit of cobalt (now $30 lb), an ore in great demand. Think about rising metals prices caused and supported by a falling dollar (which looks to stay fallen)and demand from China and the rest of the third world looking for modern conveniences, and, new technological demand. This is not a compay looking for ore. This is a company that has the ore! At this stage of a commodity cycle there are a few companies that are like fCO i.e. they have the ore: Here are a couple: UMJ (has ore), FAN (has ore), PFN (has ore), EXR, etc. One has to make sure though that the ore body doesn't have too high of hurdles to overcome to production. For instance access, political or envirmental hurdles too high to allow production for a long time, if at all. I would put RDV and CCM in this category (although I own a few of RDV) and I like CCM (but it never moves)? - Why buy exploration stocks when one can buy great deposits for pennies - like FCO. The only exploration companies I buy in this stage are ones that are very good bets. Not ones just drilling general goat pasture-lol. MUM looks like they are into something pretty interesting (hihg grade nickel), but the size is a complete unkown, so it is high speculation with a potential high reward. FCO could be tremendous because more than any metal I know of cobalt is unique (maybe silver)i.e. we could literally end up with a huge shortage caused by unexpected demand and interrupteds supply (All of Africa has problems and Zaire/Zambia is where much fo the cobalt comes from. Well, good luck to us - this could be a barn burner if we get 40lb+ ore!!! |
Posted at 10/7/2002 16:38 by energyi FCO acquires the Refinery:Formation Capital (TSE:FCO) -- Formation today reported it’s given formal notice under its option agreement that it will buy the Big Creek refinery of bankrupt Sunshine Mining. The Vancouver firm -- which aims to become the only integrated cobalt miner and chemical refiner in the United States -- has already paid $675,000 toward purchase of the Silver Valley installation. It plans to process concentrates there from a cobalt mine it’s developing in Idaho’s Lemhi County, as well as outside concentrates. The company says a recently closed $2.3 million private placement will help finance an early settlement, giving it a “significant discount” from the $1.575 million sales price. An interesting little outfit, recent filings disclose that over 13% of Formation stock is owned by Benjamin Torchinsky and his wife. Torchinsky is the well-regarded founder of AGRA (Canada’s second largest engineering firm before a merger two years ago) and recipient of the Sir John Kennedy Medal and other honors. FCO was trading recently on the Toronto Stock Exchange at about US .30. Source: |
Posted at 09/10/2001 00:36 by energyi I was surprised to find that there is not a single thread on FCO.It looks like a reasonable company, and Birchin has been buying. Here are some notes: 1. Latest statement was: "Trading outlook more encouraging" 2. 5.3 million shares O/S,BIR has 20%: NAV: £ 3.9 million / Mkt Cap: £ 6.14 million at 116p P/E of 3xx on latest earnings: £29,000 before Goodwill, Loss after. But company expects improved results. 3. Paying 4p Dividend, despite Losses. BIR share: £240,000-ish |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
