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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ferrex | FRX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.45 | 0.45 |
| Top Posts |
|---|
Posted at 17/11/2015 14:58 by danielmiller1 Man this is Judy plain fvcking rediculous, excuse the French, but when D R says this............ts in Gabon and South Africa, saying the assets cannot compete on a cost basis with the major iron ore producers. As it cannot achieve the objective of being a lowest quartile producer, it is in talks to ‘realise value’ for shareholders from these assets. Managing director Dave Reeves warns investors not to get their hopes up in terms of the sale price. ‘No-one will pay a huge slug of cash for anything in this market,’ he says. I recall telling you guys much the same a few years back that these projects were unrealistic and unsustainable. So all what DR was telling you mugs at the time was just as I said.....pure Bullshjt.Man this has to be the best example of being suckered ever!. I can't understand why these guys went to OZ for a deal, sounds a bit suspect to Dan when they could be walking into a profit making GDP. I MEAN ITS PRACTICALLY THE SAME BOY'S CLUB! Same non ex chair, but as always 2+2 never makes 4 with these guys! |
Posted at 12/11/2015 19:09 by skippybragagnolo Jagz,The next post from me can be whatever I want it to be.I'm still waiting for that news you promised would arrive last week....And I don't email CEO's, it's a pointless task. If there was anything of substance that they could tell you they'd release it in an RNS.Just to be clear, I'm a fan of the management team in place at FRX and I believe they are more than capable of taking the company into production, as they have proved in past projects. However, I am of the opinion that working with the authorities in Togo is proving to be more difficult than they could have foreseen. I am aware that this isn't the fault of FRX but it is nevertheless a concern and has resulted in the ongoing decline in the share price so clearly the market agrees.I sold out when the AA deal fell through- again not the fault of FRX but where money's concerned my decisions are based on all factors whether or not the company has any control over them. Based on discussions with other investors some remained invested due to blind faith in the management- a mistake that has so far seen the value of their shares decline by over 50% since the collapse of the deal, not to mention the losses they had already incurred prior to that.For the sake of long term holders I genuinely hope that there is a sudden flurry of positive news about the licence and funding etc but I would also urge caution to anyone considering buying in or 'averaging down' at this point.My issue with people posting reports of conversations with the CEO is based on the fact that it has been going on for ages and nothing changes. He has apparently been saying that good news was just around the corner for years. It is my belief that private investors interpret these conversations to support their investment decision and that any such posts should be taken with a pinch of salt. The most realistic is the statement that people need to be patient- which goes without saying really and as I said above is pointless. We already knew that.With regards the CEO stating a 3p target- I still don't believe that, at this stage, given the poor performance of the SP, he would do that in any kind of public forum or during conversation with a private investor. Not given that he's so heavily invested himself, it would be grossly unprofessional and I don't think that's in his nature.If I'm wrong then so be it, it happens. I'm certainly not going to email Dave to try to prove a point.As I said, I hope for the long suffering long term holders that good news is just around the corner but I suspect there is longer to go yet- probably next year for the licence now.Jagz, you are welcome to counter with an investment case at the current share price but please try to make it a sensible argument, I'm always open to having my opinion changed. None of these daft statements about me trying to be a big man or that news is definitely coming this week, we're not at school. |
Posted at 12/11/2015 07:26 by skippybragagnolo I called out Dancy on LSE about that (I'm Jim78 on there)- he claimed that Dave told him via email that he has an initial target of 3p on the share price What a load of nonsense. The pity is that people seem to assume that posters are genuine- as if the CEO is going to throw around targets that are 6 times the current SP- in their own company in which they hold shares- they'd be investigated for market manipulation straight away.Dave Reeves is too experienced to discuss such things with some private investor so that they can share it all over the Internet. Unfortunately a lot of posters on LSE don't seem to have the experience to see through such nonsense and will get the hump if you point it out.For the last 2 years people have been posting supposed email communications in which the CEO has 'promised' that positive news is just around the corner. At best these people are too biased to interpret any communications correctly- at worst they're completely fabricating it. |
Posted at 12/8/2015 07:24 by aimshares Financial africk newspaper 10 August 2015 I feel mining permit for FRX is days away from being awarded. The most important bit in the below article is ((((( the process is underway and on track," says a source at the Togolese Ministry of Mines and Energy. "The license agreement should be already prepared, but there is still the signature"))))http:/ |
Posted at 16/6/2015 13:11 by andylee3 We all make mistakes and I can assure you I have no 'agenda'. I'm a long term investor in Ferrex and have regularly posted on both LSE and here over the last four years. Some on here do have hidden agendas, but I certainly don't. You are, of course entitled to your opinion. |
Posted at 16/6/2015 13:09 by clocktower That is nonsense 4STA as so few have been traded, I expect andy posted it in good faith and then did further research like anyone investor should before buying or selling. |
Posted at 21/5/2015 07:04 by edgein That's a real teaser for investors! :) We'll all be looking forward to seeing the full details of the full extent and breakdown of the DFS when released with the mining permits and the funding but it sounds excellent. Once those potential funders get a tour of the site it should be game on. This bit of the release makes the DFS sound mouth watering for this £6m company."From a first look, the reduction in capital and operating costs for the accelerated start-up appears to be significant and should have a substantial positive impact on the project's profitability." Bring it on. Regards, Ed. |
Posted at 01/4/2015 14:33 by cyprussteve Hi sash - disappointing not to see a rise yet after two positive RNS's , I am sure we all agree.Others may see it as a buying opportunity. Market sentiment is everything, and ,our day will come. Also, we are coming to the end of the tax year - and often investors make decisions based on that - and perhaps want to sell in order to avoid CGT somewhere else and try to "balance the books" so to speak - with a view to buying back in the new tax year. However, I am totally speculating - we know not - time alone will tell. Regards Steve PS - Also interesting to note that the spread is tightening - it was over 20% last week. |
Posted at 30/3/2015 10:04 by cyprussteve It is clear from most of the above postings, both here and on other boards, that there are incredibly few long term investors around these days - not only for FRX,. but, for the vast majority of shares, especially exploration on AIM.The pattern is always the same - a spike shortly before news is expected, then, even if the news is good, many sell out for a quick 20% profit, ao the share price drops back to where it was before. They have made a fast profit, and, good luck to them - no harm in that - but,if it continues, then REAL shareholder valie is difficult to achieve for longer term holders. Newsflow still to come - but, timing unknown is mainly on the funding and actual Nayega license being granted - I cannot see any way that a potential funder would deliver cash before the license is granted - why would he take that risk - althoiugh there may well be a provisional funding, which means exactly that - provisional. However, if that is the case, then it will perhaps give us a clue as to future valuation. We have so far waited over 18 months for the Togo license - TOTALLY out of DR's hands. I believe that despite all the many positives in today's RNS - and there are indeed many - the WHOLE issue revolves arounf the single statement - "Next step is the grant of an exploitation permit anticipated by the end of Q2 2015 " So, we are looking at a further three months before the license is granted, leave alone exploration and production commencing, and that is assuming that the end of quarter 2 deadline is met. How many more investors will juimp ship before then seeking a quick buck elsewhere, and then start buying back in again as we come towards late June. There is a great deal of potebtial here, but, Gabon has already been quite rightly put on the back burner due to the dramatic fall in IO prices, and Nayega is awaiting a positive formal response from the Togo government. When all these things fall into place, I think we could be sat on a very genuine Company, with a strategy and clear Director leadership to match - but, until the license is actually officially granted, we are waiting in limbo. Frustrating, but true. I suspect those who are still holding in 2 or 3 years time when IO prices recover - ( as they must do at some time - all these things are cyclical) - and Gabon comes back on stream, then those with the patience will be well rewarded - I have always believed that Gabon is the true Company maker. Regards Steve |
Posted at 09/12/2014 11:04 by skippybragagnolo I have to admit that I am glad to have sold at 1.05p.There's been much said about the previous successes of management and how FRX have been plagued by upsets that are out of the control of management but ultimately their performance is judged by the market on the success (or lack of) of their current project.Maybe FRX is the kink in otherwise fruitful careers? After all, you can't win them all.The cause hasn't been helped IMO by the insistence on responding to certain investors emails with vague statements of a positive nature that when dissected don't really amount to anything (but by their vague nature are defendable if challenged as misleading). I'm sure such statements are the reason that some less savvy investors have held on to their shares when in fact they should have sold. But that's their choice, no one else can be blamed for their actions but it must leave a bad taste in the mouth for them. The problem is that it puts off new investors, for a management team with so much experience it's very unprofessional.It seems that many will have been forced in to a much longer term position than they were planning.Unfortunate |
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