Ferrum Crescent Share Discussion Threads

[blackss] 03/9/2016 19:03

No need for that pat, Spec7 has never put a price on these.

[patviera] 01/9/2016 10:47

Agreed no point in deadlines but as long as we do the deal who caresI've bought more down here Surely we have good prospects even without the Spanish acquisition??!!

[andrea152] 01/9/2016 10:36

The historical ability of his Company to meet self-imposed deadlines has been lamentable - not one, in fact, has ever been met, under 3 different Chairmen/ CEO's, over the course of 6 years.

It wud hav been pleasant to see the new Exec Chairman institute a new regime, but that seemingly has not happened.

Lesson to be learned ?: Don't set yourself deadlines which you know you may not meet. Keep it open, & that way no-one is disappointed - well, only the short-term traders, anyway !.

IMHO, DYOR.

[nash81] 31/8/2016 14:30

last min RNS. so i expect we wont be long to close the deal at last !

[spec7] 31/8/2016 12:25

I still have some Black, not sure if that's a good or bad thing. Hell will freeze over before i get my money back though. I no longer hold any other AIM stocks and it's a relief to no longer be financing useless directors and companies like Daley and co.

[blackss] 31/8/2016 11:24

If that's the case andrea it will be good news on two points
1/ it will mean they will not have to look for a partner at a later date which is what would have happened anyway and
2/ It may keep the costs of getting this to the next stage down.

The worry is it will all fall through, this is the AIM don't forget, it's where dreams are smashed :-)
Spec, do you still hold ?

[andrea152] 31/8/2016 09:58

Another whisper, is that there will also be a JV in Spain, alongside the exercise of the option & that is wot is taking the extra time to complete.

The basic Spanish deal cud hav bin signed off one month ago.

I don't think it WAS a surprise to the Board, they left the opportunity for an extension very clearly at the end of their previous RNS on Spain, and actually its there again, on the RNS released today.

It IS frustrating though !


IMHO, DYOR, GLA.

[spec7] 31/8/2016 09:21

One theory being put forward is that someone else had an unexpired option on Goldcrest and have come out of the woodwork now demanding to be bought out of their option.
Justin needs to stamp on these rumours straight away as he said he personally carried out DD on this.
Again if true it does not inspire confidence.

[spec7] 31/8/2016 09:16

As is nearly always the case with these AIM minnows the problems are of their own making. What was pretty obvious to the investor (that they wouldn't wrap this up in less than 4 weeks) back at the beginning of July seemed not to have occurred to the board 6 weeks ago when they said
"The Option is currently valid until 31 July 2016 and the Board is confident that the Company will be able to exercise the Option and complete the acquisition of GoldQuest ahead of this scheduled deadline"
The extension comes as no surprise to anyone other than the board it would seem which doesnt inspire confidence.

[firemansam4] 31/8/2016 07:53

Well either today was a poor management decision or it is just days away, firstly why would JT leave it until last minute as opposed to updating us early as he has done previously or secondly he was hoping it would come down to the wire and get it out by the 31st, which he hasn't but as its probably a legal issue its out of his hands, so will be a few more days away. I think it is the latter and would expect something very soon i hope! A perfect way to get rid of the short termers i suppose!

Time will tell!

[andrea152] 30/8/2016 09:47

Its Holmes and Moriarty balanced on the edge of the Richenbach falls: will they, wont they, who will it be.....?!

[blackss] 30/8/2016 09:16

Taking it down to the wire then :-)
We either get news by tomorrow close ? Get another extension or find they couldn't get another extension ...What then :-(

[larrylight] 29/8/2016 08:13

Risers & fallers: Avanti Communications, San Leon Energy, Osirium Technologies, Bellzone Mining, Alexander Mining
Share
11:12 26 Aug 2016
Here we put the spotlight on Friday's market movers

A long awaited oil deal is drawing to a close - sending San Leon higher
Below are some of the main news-driven share price changes at 11am

Risers

Avanti Communications Plc (LON:AVN), up 12% to 39.5p. The stock that rose earlier this month on takeover talk was rising again on Friday.

Industrial Multi Property Trust (LON:IMPT), up 12% to 175p. Interim results revealed a rise in asset value, narrowing losses and better occupancy.

Osirium Technologies Plc (LON:OSI), up 12% to 193.5p. The cyber security firm landed a contract to provide an asset management group with its full suite of products for some 3,000 devices. It is a three year deal that will add a material financial contribution in 2016, it said.

Fallers

Ferrum Crescent Ltd (LON:FCR), down 7.5% to 0.25p. The mining sector junior announced an issue of equity from the exercise of options – 44.6mln shares with trigger price of 0.165p – which follow on from a share placing executed earlier this year.

North River Resources Plc (LON:NRRP), down 6.9% to 13.5p. It releases a project update on its operations at the Namib lead & zinc asset, in Namibia.

Bellzone Mining Plc (LON:BZM), down 6.5% to 0.215p. The mining sector junior gave back some of Thursday’s gains, which were triggered by a positive update on the group’s ferronickel study results.

Below are some of the main news-driven share price changes at 9:00am

Risers

San Leon Energy Plc (LON:SLE), up 67% to 48.5p. The oiler’s shares resumed trading after a near eight month suspension on AIM. It comes as the group unveiled details of a £170mln share placing which takes it closer to sealing its long awaited Nigerian oil acquisition.

Alexander Mining Plc (LON:AXM), up 25% to 0.22p. The mining sector junior added to gains from Thursday, when the group announced a licence agreement with Accudo Metals for projects in Australia.

One Media IP Group Plc (LON:OMIP), up 17% to 3.5p. Investor eyes are seemingly smiling on the media group which on Wednesday announced a deal to acquire 1,100 Irish folk and Celtic music original recordings – it comes after eight years of marketing the songs on a shared royalty basis.

Fallers

AstraZeneca Plc (LON:AZN), down 1.3% to 4,943p. Share price weakness among drug makers continued through Friday, amid caution following renewed scrutiny from US presidential candidate Hillary Clinton this week.

Concurrent Technologies Plc (LON:CNC), down 4% to 62p. The outlook statement in Friday’s interim results reads positively enough, though the figures themselves seemingly showed a flat performance.

Strategic Minerals PLC (LON:SML), down 9% to 0.24p. The move lower follows the release of a quarterly update on Thursday afternoon.

[blackss] 28/8/2016 10:29

As far as i can make out sam it has taken them about 500 posts to come to the conclusion that we half dozen here have come to in about 10 ages ago :-).

[firemansam4] 28/8/2016 08:26

Looks like the penny has finally dropped over on LSE!

[patviera] 26/8/2016 17:59

No specThis is just a procedural announcement Warrant holders could've sold for weeksAnd companies don't ask holders to sell warrants!!

[spec7] 26/8/2016 14:47

Pat you know about these things...Here's a thought for the weekend
The legal docs and a possible JV pushed the costs higher than expected at the 11th hour so the BOD asked an institutional investor to exercise some warrants to provide working capital ? hence the delay in the Goldcrest deal and the the warrants issued today.
Have a good weekend

[blackss] 26/8/2016 10:52

In fairness he didnt really set dates, just said the options ran till the end of the month and they would have been set by someone else.
Lets see what happens and have a go at him "after" the end of the month :-)

[patviera] 26/8/2016 10:39

Now sure why he makes these promises..if he had said by end September the mkt wouldn't have cared!!I think the mark down was cis of these options but they could sell them ages ago so not sure what relevance they have!!

[blackss] 26/8/2016 10:36

I should keep my mouth shut, its taking a dive now !

[firemansam4] 26/8/2016 10:04

Agree Spec, i thought if this was another extension we would have heard by now, the fact we haven't i take as positive news. I suppose with 2 ish days left we will soon find out what JT is made of!

[spec7] 26/8/2016 09:43

notable that last time JT realised that he wouldn't make his end of month date by the 22nd but this time he has let it run to the wire. Lets hope he has it pencilled in for Tuesday or this is going to start looking a bit dodgy..

[blackss] 26/8/2016 09:38

its a blip, doubt it will last the day but we are fast approaching the point where FCR misses yet another date so not surprised people are getting cold feet.