Ferrum Crescent Share Discussion Threads

[rajaster] 14/10/2015 08:21

Its like the one who cried wolf

[blackss] 14/10/2015 08:16

but an amazing reaction :-(

[blackss] 14/10/2015 07:52

Fantastic news :-)

[stirfry13] 14/10/2015 07:51

This sounds like a proper deal. Onwards and upwards. Bye bye PMI.

[blackss] 07/10/2015 15:32

I wish the company would just give us a clue :-) so tempting to buy more but i am already in this way too deep :-)

[andrea152] 30/9/2015 11:54

Many things today point to a major, S African Govt-backed entity. These BEE Groups have all been a historical waste of time for funding major projects, such as Ferrums - they simply haven't the gravitas. Coordinating Rail, Power, Road, New Steel Plants & Labour Resources takes time, but could have a 20-30 year lifespan, in a country with high unemployment, so Govt needs to get it right.

[blackss] 30/9/2015 09:57

Maybe but i think we have different ways of interpreting...

"in the near future."

"advanced stage in relation to an alternative BFS financing "

Chance to buy under .5p today :)

[aimshares] 30/9/2015 08:30

Looks like PMI out of the window ,and there looking at other options ,agree PMI have been a waste of time but I feel we are back to square one again in talks regarding bfs funding . This will take time .

[blackss] 30/9/2015 07:29

A very extensive update today but i think the most important part is right at the end and reads

"As at the date of this report, the first payment due under the terms of the MOU had yet to be received such that the MOU was not legally binding at that point.

Furthermore, the Company is at the date of this report at an advanced stage in relation to an alternative BFS financing arrangement with another group."
And
"Ferrum remains confident that the quality of the Moonlight Project and its importance to the local communities, Limpopo Province and strategically to the South African government's plans will result in a successful conclusion to investment negotiations in the near future.""

This is great news IMHO as the management has recognised PMI are a waste of space.

[andrea152] 29/9/2015 15:11

Not any more ! Chart luks rather nice too.

[blackss] 29/9/2015 12:03

You can buy 1m with Barclays for .51

[andrea152] 29/9/2015 11:20

Not much stock around in't mkt today.

[blackss] 28/9/2015 09:47

I suppose the fact that the company placed 54m shares not 4 months ago without any problem is a good sign as well. Just wish wee were not "looking for good signs" but actually had some confirmed :-)

[andrea152] 28/9/2015 09:43

The new Hebei Steel PLant WILL be built - the S Africans AND the Chinese both need it, for jobs and to export their pollution. Ferrums proposed mine will be just down the road from the steel plant & new power station & the transnet rail network is being expanded to cope with exports to Richards Bay. All the elements are in place for FCR to deal directly with the Chinese & not these BEE muppets. Also, the UK market makers have no stock at present.

[blackss] 28/9/2015 09:34

Is Alan Jenks still about ? (alspalladium)

Any thoughts Alan on the Silence from the company ?

[blackss] 26/9/2015 10:49

Spec
I agree with Sam. Lots to play for here. everything here has improved over time and progress has been made. The only disappointment is the companies time scales which quite frankly are way off. My opinion is if you cant guarantee a time scale them better not to mention it than miss it all together. I think they now realise this with their " in the coming weeks" stance :). Given these sorts of projects tendency to run over/under budget and over/under time i don't see a big problem here at the moment. The slow down in steel prices and in China is an issue but plants like this will experience lots of rises and fall in demand over their life time and have to be subject to the bigger picture not the short term fluctuations in price.

[firemansam4] 25/9/2015 13:08

Yes good well done there isn't much stock around at the moment as people hanging onto them which is good sign. I couldn't get mine the other day at offer price had to do a working order with my broker, but in the end managed under 0.5p.

GLA

[spec7] 25/9/2015 12:09

Bought today under mid price Sam. Shows as a sell as usual.

[firemansam4] 25/9/2015 11:53

Spec

I think as i have put on the LSE board that with Hebei now confirming the date of the build, and just waiting for the location to be confirmed also, my hunch will be that TR is doing a deal directly with the Chinese and therefore we won't have to give 40% away to the locals who upon receipt will just turf them out anyway. Also the new Eskom Melupi power plant is coming on line just up the road from us very soon which again i feel will help decide the location of the forthcoming steel mill location. I have been building and also feel anything under 0.5p at this stage will be a bonus, reference news we had no news from July to October this time last year so here is hoping for something decent over the next couple of weeks, but in the meantime keep buying! lots to play for with this one and the pieces are slowly coming together!

GLA

[spec7] 25/9/2015 11:24

Bizarrely having said that i am still buying under .5p ..
why ?
Well on the grounds that this has come too far to be allowed to collapse and the geological and production prospects are still really good. As an investment Its now 50/50 i think but if funding for the BFS does come through then i can see 1p in the short to medium term.... and a doubling of your money in today's markets is worth a gamble.
I just need the management to come good on their promises ?. the silence is deafening at the moment but i feel confident because i think if the deal had actually collapsed they would have been obliged to tell us by now. Also i might be clutching at straws but we have seen no big sell off despite the delay which makes me think some are in the know ?
Thoughts anyone ?

[spec7] 25/9/2015 08:20

Inclined to agree. Management have been taken for mugs so now they are taking us for mugs. Didnt they say they had several suitors ? time for plan B me thinks.

[blackss] 25/9/2015 08:05

Its now been over 2 months since the board said....

"The Board remains confident that it will conclude all financial arrangements with PMI in the coming weeks and further updates will be provided in due course as appropriate"

As appropriate ? I think now might be bloody appropriate !!!!!

[andrea152] 11/9/2015 14:24

BEE peeps have both been a disaster for FCR. Why give away 40% of the Co to a group of disinterested locals who will just sell FCR shares as soon as they get their grubby little hands on them. Last thing we need. Surely a direct deal with the Chinese, Mittal or Kumba is the only sensible answer. Then Tom can ditch the useless ASX & JSX listings and save some serious money. All IMHO.