Ferrum Crescent Share Discussion Threads

[spec7] 02/4/2016 11:31

"Oh dear spec I did tell u not to invest in holes in the ground!!"

Kindly leave me out of your childish dribble patviera.

[patviera] 02/4/2016 11:16

Motto of the dayDo the opposite of blackssHe likes to buy v high And sell v low

[patviera] 02/4/2016 11:15

And to not tooSo ure English is as bad as ure Maths mate!! LolGood weekend entertainment blackssU a biscuit short of s fruitcake mate

[patviera] 02/4/2016 11:14

5p to 0.1pWhat percentage loss is that blackss?99pct!!And u get excited by a 200pct gain!!Ure maths no good mateNow the shares have to go up 5000pct for you to break even!!Oh dear spec I did tell u not to invest in holes in the ground!!5p you bought millions and now at 0.01p it's worth 10qdOne day u will listen blackssU r hysterical mate ; )

[blackss] 02/4/2016 10:18

Lets do a little basic maths here pat
You hold 8m EKT
They were 50p, they are now 5p
I make that a loss of £3.6m
I really don't think you are in any position to advise people to buy/sell anything !!

Too everyone else here i can only apologise and say this is why we need a premium thread. Unfortunately when stocks go up, so do the idiot posts.

[patviera] 02/4/2016 09:43

Did warn u black ssThis is a hole in the groundKeep buying at 5p and holding at 0.15pBuy high sell lowOh dear black ss u still here??!! Lol; )

[blackss] 01/4/2016 14:47

I cant see that anwar have any claim on the 500k. If they thought they did they would have lodged a claim for it ages ago.

[patviera] 01/4/2016 13:22

Haha up 300 pct from 0.05pWow small things please small mindsSo you are down 99pct here and excited by a 300pct rise and now down 98pctLolYou couldn't make it up!!I'm off now .,enjoy your winnings here looooooosa

[pauladrew] 01/4/2016 13:10

Can anyone explain the following copied from the RNS half yearly report 15/03/16:

The Groups Directors are aware of the possibility that Anvwar Asian Investment ("AAI") may pursue futher legal recourse to claim the USD 500,000 received from them in terms of the Letter of Intent ("LOI') signed by both parties. The Group will however put forward a counter claim to recoup expenses incurred in subsequently having to find additional funding after the agreement was terminated on 14 March 2015 (refer to Note 5 for details).

[blackss] 01/4/2016 12:56

Dont take any notice of poor old patviera :-~) He lost his shirt on EKT and recently had to sell his house . 50p down to 5p and the fool stuck with it ..Eventually it will go sub 1p and probably de list.

He told us there was no hope of value here and at one point it was up 200% yesterday, as for iron ore ? Its zinc now pat :)

[hope67] 01/4/2016 12:42

Really I would say now is the time to buy

Highlights:

-- Company restructured to focus on generating value from the Group's principal iron ore project in northern South Africa and the development of its value-accretive business model, progressing initially with its option over the Spanish lead-zinc projects (via the potential acquisition of GoldQuest Iberia S.L. ("GoldQuest"))

-- Justin Tooth assumes the position of Executive Chairman from his previous non-executive role

-- Evan Kirby joins the Board as a non-executive director, bringing significant metallurgical experience to the Company

-- Merlin Marr-Johnson, who has recently acted as geological consultant to the Company, appointed as adviser to the Board to assist primarily with the progression of the potential Spanish lead-zinc projects

-- Tom Revy, who as Managing Director was appointed to oversee management of the Moonlight Project to its current stage, has resigned having substantially completed his mandate

-- Bob Hair has resigned as Company Secretary with Grant Button, an existing non-executive director, assuming his duties

Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, today announces a strategic re-focusing of the Company and the resignations of both Tom Revy, as a board director and Managing Director, and Bob Hair, Company Secretary, both with immediate effect. As previously announced, the Board has taken the strategic decision to seek to enhance shareholder value from the Company's Moonlight Project by identifying and securing an investment partner whilst pursuing an efficient operating model in order to target and progress additional high-opportunity projects, initially comprising two potential lead-zinc assets in Spain.

As part of the refocused strategy, Mr Justin Tooth has assumed the role of Executive Chairman, based in London, with immediate effect. This will significantly reduce management costs and locate the executive management function in the same country as the majority of the Group's principal advisers and shareholder base with more closely aligned time zones for our project teams in South Africa and Spain.

Dr Evan Kirby joins the board as Non-Executive Director with immediate effect. Dr Kirby is a metallurgist with over 30 years of international experience in the mining sector. He has held senior management positions with Impala Platinum, Rand Mines and Rustenburg Platinum Mines and worked as a director and technical consultant for a number of mining companies. He is currently a director of Bezant Resources plc (AIM) and Nyota Minerals Limited (ASX & AIM).

Mining projects in Iberia have recently benefited from new technologies that have led to improved margins and the potential for historic mines to restart operations. The Board believes that both of the Spanish assets held by GoldQuest have potentially robust economics but the key to unlocking maximum value will be in the detail of the project development plans. Dr Kirby will provide the Company with significant expertise and insight into metallurgy and development options for, inter alia, the Spanish lead-zinc assets.

Mr Merlin Marr-Johnson will advise the Board on all aspects of the Spanish projects on which he has previously worked. Mr Marr-Johnson completed a course at the University of Granada as part of his geology degree and has undertaken exploration campaigns in a number of Spanish-speaking countries. He has previously worked for over 22 years in the minerals industry at Rio Tinto plc, HSBC plc, various mining juniors and most recently as a resources fund manager at Blakeney Management. In the event that the Company elects to exercise its option over GoldQuest, Mr Marr-Johnson will advise, in particular, on the structure of the Spanish project team and an optimised exploration campaign.

As a seasoned mining project manager, Mr Tom Revy has been instrumental in overseeing the initial Bankable Feasibility Study ("BFS") work on the Company's Moonlight magnetite Project and secured a farm-in and joint venture agreement with Business Venture Investments No. 1709 (Proprietary) Limited, a sister company of Ovation Capital, last year in order to progress the BFS and development work. The Board would like to thank Tom for his valuable work and contribution in executing the mandate given to him just over two years ago. Further to the strategic review process, the Group is being transitioned to achieve optimum efficiency in order to progress the Moonlight Project with its investment partners, whilst pursuing additional attractive projects to add to its portfolio including the current option over GoldQuest and its two Spanish lead-zinc assets, with a view to progressing a rapid low-cost resource delineation and metallurgical testing campaign. Consequently, Mr Revy is resigning from the Company with immediate effect to pursue his other business interests.

Mr Bob Hair, Company Secretary, is also leaving the Company. His duties will be performed going forward by long-standing Non-Executive Director, Grant Button. Mr Button has 26 years' experience both as a Company Secretary and as a Director of various Australian companies, particularly in the resources sector.

Justin Tooth, Executive Chairman of Ferrum Crescent, today commented:

"The Company is now moving into a new phase as we continue to seek to reduce costs and create a more streamlined company capable of generating value from both our existing project and carefully selected additional portfolio assets. I believe Moonlight can swiftly deliver absolute returns for shareholders; my recent visit to South Africa, meeting key local stakeholders, has informed that opinion. I would like to thank Tom for all his hard work over the past two years. He has successfully steered Moonlight to the stage where it can progress with its major investment partners. Accordingly, the Board has now decided to refocus the Group and cut costs to enable Ferrum to create shareholder value from the right assets in the most efficient manner.

"Our option over GoldQuest affords us the opportunity to take ownership of a significant and exciting project data set. With the team's new geological and metallurgical expertise, we can now efficiently grow viable JORC-defined resources and establish pathways to future economic production. For my part, I am delighted to assume the role of Executive Chairman. I have had a long involvement with the Company as an adviser before joining the Board last year and strongly believe that the Company has an exciting and promising future as we seek to deliver on the goals set by the strategic review process. The revised management structure gives us the right expertise in the right locations and at the right cost.

"As previously announced, the Company has convened a General Meeting of shareholders for Wednesday 6 April 2016 to, inter alia, request approval for an increase in it's ability to issue shares so that we can progress our new strategy. I encourage any shareholders with questions regarding the General Meeting or indeed any aspect of the new strategy to contact us on the numbers below."

For further information on the Company, please visit www.ferrumcrescent.com or contact:

[patviera] 01/4/2016 12:23

Oh dear 5p to 0.15pI did warn you all that this is worth nothingTake your money and runIron ore has crashedNo hope of any value here

[blackss] 01/4/2016 10:54

Interesting that its a majority of buys on ISDX and FSE today but price has slipped.. while the rise yesterday was dramatic it only put us where we were a few weeks ago anyway but it does show people are watching this so lets see what the AGM brings next week.

[blackss] 31/3/2016 18:08

I think once we know what will happen about Spain we might need a new thread here. Interest will grow now and the header is 5 years out of date. I may start a moderated thread once we have some up to date facts for a new header ?

[firemansam4] 31/3/2016 17:36

Had a good chat today with Justin very approachable chap and exactly what this company needs to take it forward, lots of exciting news ahead to come so an exciting couple of years ahead for us long termers, my faith in Ferrum has been restored and will carry on accumulating now along the way!
Exactly Black as Justin said a placing to come but at what price? the higher the better means less dilution!
Onwards and upwards!

GLA

FS

[blackss] 31/3/2016 16:33

Absolutely andrea, the meeting next week will be even more interesting now.

[andrea152] 31/3/2016 16:15

Well that seems to have shaken things up a bit. The Trappist Monk cant be too happy about the reaction to his departure , but it needed to happen. Looking at the GoldQuest Spanish drilling reports from the past, they seemed to think that there was in excess of 2.5bn lbs of Zinc, which is a meaningful asset, even without lead & possible silver credits to add. That would be worth £1.42bn in Zinc credits alone. Zinc prices are also on the way up, according to a very recent ICBC report, due to shortages of supply from the Majors. It also excludes any possible credits from the potential sale of Moonlight and Julietta, which could add a meaningful figure to the current share price. All IMHO.

[blackss] 31/3/2016 15:49

But of course as the share price rises the dilution falls :-)

[gimmetheloot] 31/3/2016 14:34

Well done to those who made some money.

Just a note of caution that the Spanish assets purchase will require funding hence the last paragraph in today's RNS!!

"As previously announced, the Company has convened a General Meeting of shareholders for Wednesday 6 April 2016 to, inter alia, request approval for an increase in it's ability to issue shares so that we can progress our new strategy. I encourage any shareholders with questions regarding the General Meeting or indeed any aspect of the new strategy to contact us on the numbers below."

Best of luck folks!!

[oakville] 31/3/2016 11:57

Millie, if you are on here you are interested in making money, I have just sold out shares I bought earlier and cleared £914 profit. Where is the problem with that?

[milliecusto] 31/3/2016 11:42

I bet none of it leaves the ground, another worthless aim company

[gimmetheloot] 31/3/2016 11:11

Nobody has a resource on AIM like these guys do. Reminds me of ARS as it bit rock bottom. They have spent 15 times current market cap and got a 6 billion tonne resource.

Now what's that worth?

[blackss] 31/3/2016 11:07

All pile in and all pile out... but we will be left higher and stronger than we were and thats the main thing for us longer term investors.