Ferrum Crescent Share Discussion Threads

[andrea152] 23/9/2016 10:04

Well that's a big worry out of the way. No more month-end deadlines for Toral.

FCR hav basically bought a potential £2bn Zinc/Lead/Silver asset for just £370,000. That's luks like a good deal. Merlin Marr Johnson is getting on with the Spanish work already.

Lets also hope for further (& god) news from Moonlight, after the work Evan Kirby of FCR has been doing on the recently acquitted Anglo American data set. The metal in the ground at Moonlight is worth US$16.6 billion at current iron ore prices, so I think its worth a lot more than the US$33m which some people were touting around as a figure on other BB's. Don't think this will come as a cash sale however - more likely a farm-in , or JV with another South African or Major International Mining partner.

Zinc, Lead & Silver prices all continue to climb from 5 yr lows.

This is a MASSIVELY undervalued asset. Worth at least 1p on a 6 month view and 3p on a 2 yr view, in my opinion.

Well done JT for making something actually HAPPEN !

IMHO, DYOR, GLA.

[glenkaz] 23/9/2016 09:50

Mms will take £17k off me in one go! They can f/ck off!!! 31p is a giscrace 😁 Nasty mms 👺

[glenkaz] 23/9/2016 09:41

38p now 31p shocker! This should easily be .6 and above year high! Have watched this share over the last year lots of nervous investors bottlers deramp ers etc! I'm talking about Lse board ! Big upside here if peeps would hold and top up insteD of giving it away!! Pity! Afternoon should be very interesting 🤔

[maytrees] 23/9/2016 08:49

Greetings glenkaz

Each to their own - surprising though that there is so little bb interest in
FCR - so far.

[blackss] 23/9/2016 08:07

Expect a big sell off to start, it will recover later.........i hope :-)

[fishybits] 23/9/2016 07:59

Beauforts today Company news

Ferrum Crescent (FCR.L, 0.32p) – Speculative Buy
Ferrum Crescent, the AIM, ASX and JSE listed mining development company announced yesterday that it has acquired 100% of the share capital of GoldQuest Iberica S.L. further to the excise of its option as announced on 16 February 2016. GoldQuest owns 100% of two lead-zinc exploration projects, Toral and Lago, in Spain. Ferrum believes there is a potential for re-interpretation of historical data and delivery of a new geological model identifying potential zones of continuous mineralisation. Mineralogical data supports initial assessment of the mineralisation as being metallurgically straight forward. Ferrum believes that it can implement a cost effective work programme targeting potential new shallow high-grade ore deposits at the Toral project.

Our view: With its option on the Toral and Lago lead-zinc projects now completed, Ferrum can focus on the analysis and re-interpretation of historical geological data. We are encouraged with the high prospectivity for additional lead-zinc mineralisation particularity in the more advanced Toral project. We look forward to updates on the re-interpretation of the geological model and a revised compliant resource estimate. In the meantime, we reiterate our Speculative Buy on the stock.

Beaufort Securities acts as a corporate broker to Ferrum Crescent plc

[spec7] 22/9/2016 23:33

I'm sure Daley and the boy Wilson will cream it off for themselves much like Agar cash, may be pay down some debt. One way or another Daley will get this company private and i think D&A are in on it. First they need to sell off anything that will make anyone else bid against them.
Anyway this is not the right place to discuss this, FCR has its own good news to crow about now :-) If this consolidates tomorrow then there is hope for this "hole in the ground" yet :-)

[patviera] 22/9/2016 23:15

So what would happen to the cash?

[spec7] 22/9/2016 22:28

Why would he do that ?

[patviera] 22/9/2016 22:02

And return cash to shareholders?

[spec7] 22/9/2016 20:34

+45% is good and the news here still has to break in the media.

pat...re:EKT if you and others wanted to buy something you would get the price down as low as you could and you would remove any attractions to other parties by asset stripping assets for cash which can be creamed off. just thought i would mention it.....

[maytrees] 22/9/2016 19:13

Gain of over 46% by the close.

Little apparent bb interest though - so far!

[patviera] 22/9/2016 16:16

Daley is no fool I agreeU think he doom and gloom to pickup more LTIP shares? Then what?

[blackss] 22/9/2016 16:08

Be very careful pat , Daley no fool, what is going on at EKT is being carefully engineered.

[patviera] 22/9/2016 15:52

We've all seen that tidy!!Black ssI sold 25 pct at 30.25 so thanks for your thoughts as it helped me here50pct writes down my ekt 0.25p haha!! Now just need spsy to double and will get all my ekt losses back!! Haha

[tidy 2] 22/9/2016 15:42

Remember· Analysis and re-interpretation of existing historic data on the Iberian Projects to commence in September 2016.This is now Justin Tooth, Executive Chairman of Ferrum Crescent, commented:"We are delighted to have completed the acquisition of such exciting lead-zinc assets in Spain with significant amounts of historic geological and exploration data available. The acquisition process has taken longer than initially anticipated, however GoldQuest is now well placed for the next stage of its development as part of our group. Our project team has designed a low-cost work programme focused on testing our assumptions, with respect to various extrapolations made by prior owners, through the structured re-interpretation and analysis of the original raw data. I look forward to announcing our progress with this initial work programme in due course."Merlin Marr-Johnson, Ferrum Crescent's Senior Project Adviser, commented:"Though high grade ore has historically been mined at Toral, the project has not previously been systematically explored. Historic soil geochemistry surveys are incomplete and the principal logic of regional structural controls on mineralisation have not yet been applied, despite evidence of numerous artisanal workings at surface and drill intersections at depth. Historic drilling has not seemingly tested shallow targets nor intersected the full thickness of the mineralised corridor. I believe that the Toral asset, in particular, has real potential to host a substantial resource and it will therefore be the primary focus of our planned structured work programme as we seek to refine our geological theories before commencing drilling activities

[tidy 2] 22/9/2016 15:37

Broken through resistance

[patviera] 22/9/2016 14:44

TidyThey buy and then they puff and dump so be careful mate!!

[tidy 2] 22/9/2016 14:32

Every board buzzing over fcr deal

[tidy 2] 22/9/2016 14:28

Ferrum Crescent Exercises GoldQuest Option Just Ahead Of Deadline (ALLISS)Source: Alliance NewsMetals miner Ferrum Crescent Ltd on Thursday said it has exercised its option to acquire 100% GoldQuest Iberica SL from a subsidiary of UK-listed

[patviera] 22/9/2016 14:27

Yup silly time to put RNS outRight price now!!

[hope67] 22/9/2016 14:25

Lse and twitter buzzing

[blackss] 22/9/2016 14:16

Bingo 0.3 pat