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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 18/4/2018 12:45 by denzilbricks Squak on V O X by Laurence Read.....Qe2 centre Westminster london. We shall he there talking to investors |
Posted at 05/3/2018 10:53 by andrea152 Have people seem the further revelations on Beaufort ? They have been accused of Fraud & Money Laundering in the US and defrauding US investors of $50m in Pump & Dump schemes. One can only speculate as to what their UK Office was upto as well ?AIM really does stink. Most of the Companies listed on it are dire and their Brokers equally so , it seems ! Why would any investor in their right mind buy an AIM-Listed Company ? IMHO DYOR. GLA. |
Posted at 05/3/2018 10:29 by spec7 FCR, never fails to disappoint. the trouble is AIM investors are wise now, its taken an age but they look ahead at financing and options and put 2 and 2 together, If CB has options at .06.5p then that's where the share price will go.The reality is of course people will only make money here if there is a game changing deal. It's not going to creep up steadily, there is no reason why it should, it will be boom or bust eventually i would think in the next 12 months. |
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 22/2/2018 12:30 by hedgebetter Firstly, we will never need the £75-£100The reason the JORC did not have the desired effect is, imo, because sentiment is low and the market needs more convincing of the new management team. I agree that the management appear to be doing all the right things, but the market will want to see next steps and the management hitting a lot of clear milestones to really turn around the damage done by previous management. Some investors will buy in anticipation that this likelihood will bear fruit, others will adopt a wait and see approach. When it comes to CB selling his shares to buy his optioned shares - a) he is reducing his existing holding to then increase his holding. This means that his total shares will be less than that implied by the November placing had he not sold the shares. Secondly, I really don't mind CB owning a large chunk of the company - as long as I own a large chunk of the company at the point of takeover, or asset sale :-) |
Posted at 21/2/2018 14:06 by spec7 The value (estimated) of what's in the ground has to be balanced against the cost of getting it out and we don't know that yet.FCR is carrying a huge amount of baggage and its not surprising that investors want to see some sums before they commit again. Remember this is very very early days. Once bitten twice shy. FCR has a lot to prove. |
Posted at 08/2/2018 11:47 by spec7 a placing is where they place shares with a limited number of pre arranged investors, A rights issue is where all shareholders get a chance to buy usually based on their holding. A rights issue is a very expensive way of raising money just from admin costs alone. |
Posted at 01/2/2018 15:42 by hedgebetter 'LR was also talking about getting some new cornerstone investors on board, to broaden the share register, last time I met up with him. I wud assume that he has now made some progress in that direction'This is good news as it shows that although CB is a strategic shareholder brought on to help them get to mine (where the real money is) LR and MC would want to ensure no single shareholder is calling all the shots. LR has kept to his word in the new regime. And as you say I would expect additional investors to come on board and some TR1's in the next few weeks and months.. |
Posted at 01/2/2018 10:35 by andrea152 Grant Button had been there forever, and had really done nothing, except his statutary duty of Company Secretary. He was also being paid quite a lot.LR has made everything a LOT leaner & meaner and I don't think that the cost-cutting has stopped yet, either. Look at the quarterly cash flow report yesterday - the cashburn has been reduced to a minimum compared to JT days and the Directors are not even taking Salaries at present - again unlike JT on his £125k p.a. salary plus unpaid-for "Options". It looks as though the next step is a Scoping Study, to define the economic merit (or not) of the Toral Zn Asset, which, I suspect will be paid for largely by Colin Bird in the next inevitable placing, but LR was also talking about getting some new cornerstone investors on board, to broaden the share register, last time I met up with him. I wud assume that he has now made some progress in that direction. Once the Scoping Study is complete, FCR can then go about finding a JV or Farm-In partner. Lundin or Bolliden wud be my top picks, with Glencore as an outsider. It is pretty clear from the Geologial "Block Model" that the Ore body is a lot more compact, with various "lobes" running off it, than the vertical parallel sheet model originally envisaged by Merlin Marr Johnson. That shud make it easier to mine and extract the ore, reducing processing costs. For what it is worth , I think we WILL eventually get a mine going, but it won't be in the next 6 months, as some people on other BB's seem to think !! More like 1-2 years. Instit Investors coming onto the share register will be the 1st sign of major future progress in the advancement of the share price. IMHO. DYOR. GLA. |
Posted at 14/11/2017 10:39 by blackss How would anyone have an opinion on direction ?The last chairman collapsed the price from .1 to .05 with a stupid warning about a £1.6m placing. Once the price collapsed a couple of major investors got in at a ridiculously cheap price, we got diluted and now the share price has only half recovered to where it was before the stupid placing warning that was withdrawn once the major investors had got in on the cheap. after all that we are 25% down on the price pre the placing warning and you want someone to predict the next turn of direction ? |
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