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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ferrum Crescent | FCR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.0725 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0725 | 0.0725 |
| Top Posts |
|---|
Posted at 29/5/2018 10:47 by andrea152 Yep, think UR right mikebolle. The JSE listing looks toast to me. No reason for it at all, IMHO.If you want to own stock, then buy it in London, which is where the liquidity and most shareholders are. SA is fekked anyway, from a mining & political perspective. That's Y FCR got out. Spain has a good future and is a great place to do (non corrupt) business , in my personal experience. IMHO DYOR. GLA. |
Posted at 25/5/2018 10:13 by mikebolle1 Sadly I sold all my FCR shares on the JSE. I am uncertain as to what will happen with FCR and its JSE listing and to be honest, trading became very quite. I can use the funds more effectively elsewhere. I still think that FCR holds loads of future value and I will keep a close eye on it. Good luck to you all. |
Posted at 02/5/2018 10:40 by andrea152 One wonders why a new Joburg SE sponsor has been appointed, if the Company no longer has any South African Interests ? I understood that the JSE listing was to be cancelled completely, by both JT and LR, when the SA operations were shut down - which they have been.Then again, CB DOES have several AIM Companies with African Assets, so perhaps there is some form of Corporate Action afoot, involving these assets and FCR/ Europa Metals, going forwatd ? Who knows, the corporate life of FCR has NEVER been straightforward, or easy to predict ! IMHO. DYOR. GLA. |
Posted at 30/4/2018 12:39 by mikebolle1 Sorry for my ignorance but we currently sit with a JORC estimate in the inferred classification. Shouldn't we attempt to improve on this level of confidence first, before drilling another 8 holes to increase the dimensions of the block? I just feel that FCR currently has a big enough estimated mineral resources to further it into the probable reserve area. Use the money to deepen the understanding of what we currently have. |
Posted at 17/4/2018 18:28 by denzilbricks A sqawk from Laurence Read.....Alta Zinc FCR comment on V.O.XWhy this is interesting to us? This is investment gives us tremendous confidence at to our Toral project. A strategic investment from a group with significant mining provenance (Western Min.) has taken a major, strategic stake in a European zinc project. Then, we look at the comparative JORC results and the intrinsic valuation of the company both before, and following (10pc+) the announcement. |
Posted at 16/3/2018 10:55 by andrea152 Agree with every word U say Spec7. All very true. And I'm a VERY long term FCR shareholder, so have seen the stinking lot.At the end of the day, I think that these things all come down to PEOPLE - i.e. have they got it, or haven't they ? I'm not sure that LR or MC match up in this respect, although CB DID sell Kirawa for a decent some of money, although that, to date, has been his only real success. Even there, HE was the main beneficiary as all L/T shareholders had long been diluted out of sight ! I think he may use FCR as a vehicle to reverse into one of his other AIM listed projects - as you imply above. Perhaps that's why they are keeping the JSE listing open - as there is no logical need for it now ? One for the "Ultra high risk merchants" I think - but you wudnt bet your Granny's Farm on it, as some people seem to have done !! IMHO. DYOR. GLA. |
Posted at 28/2/2018 12:05 by mikebolle1 This post appears on iii, re fcr. I think its a good summary of what was discussed here before:"The Canadian guideline NI 43-101 had inferred and indicated resources attached to it. In terms of confidence levels Inferred is the lowest Indicated is the next best Measured is better still. Reserves can only be stacked up against indicated and measured resources. iMO the recent JORC was massive news. The market did not react as many would have expected including me. The reason IMO is because we now have the Australian JORC compliant resource estimate that puts all our ore tonnage into the inferred category. Even though it's significantly 'bigger' than the NI 43-101 and even though it now has a silver credit to its name - the point is the market does not give much value to inferred resources. For the market to apply an increasing multiple the resource needs to have further work performed on it that moves it from inferred to indicated and measured etc. These studies - scoping, pre-feasibility (PFS), feasibility, then Banking Feasibility Study (BFS) take time and money which is where Colin Bird presumably comes in - and potential other investors. With hindsight had the resource kept an element of indicated resources (some 4m tonnes on the NI 43-101) then the market might have reacted differently. Comparing FCR's tonnage with other companies tonnage is a useful comparison as it shows what might be, but we always need to be aware of the fact that resource categories, tonnage and grade (and grade cutoff) are a key determining factor. The rest - location, political environment etc are also very important but you need the asset first! We now need to BOD to help us understand how they will move us along the resource curve to get us moving to indicated and measured categories. Without this the remaining potential along strike (which is significant after all ) will remain a nice to have but also have zero value attached to it. If the steps are explained properly, and the funding is slotted into place, then this 'world class asset' might just have legs to get us to the point where it is sold on for a decent chunk of cash. I would like to see FCR mine it, but realistically a share in the asset is the best we will get - though that would be a company changer for FCR in itself and would reduce the risk. Given the share price is rock bottom and has been ever since the moonlight project was kicked into touch, I believe there is large upside, but the BOD need to show us the way first before investors improve sentiment." |
Posted at 26/2/2018 10:03 by andrea152 Agree wiv all the above Hedgebetter. I don't think there is ANY realistic chance of FCR becoming the only "UK FTSE 250 Quoted Zinc Company", as JT conned us into believing, before falling on his sword.Your comments re: CB and his age are apposite and I don't think that even HE wud b so stupid as to try and reverse some dubious African Assets into FCR. Merging FCR with BZT, or even RLD, wud make no sense at all, as their respective assets are wildly different, and, for my money, Toral does have the potential to be a serious Zinc mine - for someone, whereas Mankayan and Choco do not, even though they appear to be large on the face of it. I think FCR will raise a decent sum of money to get then thru the Scoping study and maybe into Pre-Feas, then sell Toral onto the likes of Bolidon or Glencore. They might THEN try to bring Lago into production, as that wud be a much simpler, open -pit mine to operate, with much lower Capex to get it going. IMHO. DYOR. GLA. |
Posted at 23/2/2018 15:20 by hedgebetter Andrea - re shareholders - I inspected the register - and surprisingly Aussies are the majority of shareholders for FCR. Until I inspected the register and confirmed the findings with Dan I thought the same as you - that there was a case to ditch JSE and ASX. It's important to keep Aussie shareholders on side but I see nothing much happening in that regard.Spec7 - I thought along similar lines, but that would require him to back all the assets into FCR and keep the listings. It sounds like too much trouble. Another option I thought they might pursue is merging of Bezant and FCR (same board pretty much) - but that would go against their strategy of being a European Zinc Exploration play. They have made much of being in a safe haven jurisdiction with a known regulatory regime, easy to do business with - and with Lago as another option it would seem strange to go along this scenario with Bezant assets in South America etc... I'd avoid that like the plague. However - Bezant will be income generating and using that cash to fund the bigger Toral asset might be something to think about.. I agree Andrea - even though mining is where the money is at and I would like to be here for the mine - the higher probability is this will be sold on. I also think getting it sold on is more in tune with CB's time-line (He's 74) TBH.. He's done and achieved a lot in his lifetime and I think getting a big sale on this one would be the big fat cherry on the cake.. |
Posted at 21/2/2018 20:40 by hedgebetter The metal in the ground is JORC classified as an inferred resource. The chances of it being economical are 10% at this stage. Indicated resources have a 50% chance and Measured 90% - refer to the JORC standards for more info.We need the various scoping and feasibility studies to move us along the path of getting from inferred to indicated and measured which are the only classifications where we can move from resources to reserves - various categories. The market often ignores inferred resources from a valuation perspective - but it's all we have at this point and is normal for an exploration company. We cannot compare directly with some 'peers' such as Canada Zinc corporation because they have inferred, indicated and measured and a Banking Feasibility Study to support their next steps. This means they have spent additional time and significant money doing more drilling to improve confidence levels in the resource, and other activities (environmental, political etc) to ensure the mine can be commissioned FCR is at a very early stage and needs to move through the phases - 2-4 years.. maybe more. However, the maiden JORC is a big flag to other companies that we might have something of interest - which I think we do. I also think we will JV for the PFS and or BFS once we have done the scoping study which will pay for the remaining study work. I would then also expect FCR's Toral asset to be sold off - and we may or may not retain a royalty interest in the mine - if the studies prove what we all seem to think we have. When that happens it will be a significant multiple of where we are today, but be prepared to wait for it to play out. Once we get through this next bit of - probably - allowing CB to buy his options to provide finance, then I would expect a flat period while the market digests the next steps and waits for the scoping study to complete. At the moment I 'suspect' that shares are being sold into the market, and the funds raised will be used to buy options at a lower price - circulating money from the secondary market (AIM) back into the primary market - FCR's coffers. DYOR. GLA. IMO. |
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