Ferrum Crescent Share Discussion Threads

[laptop15] 11/11/2016 12:47

Code 1.. interesting!

[andrea152] 10/11/2016 15:19

I think that having to have everything ratified by the Asx is major cause of the problem. More onerous regime than AIM. Sooner we get away from an Aussie Registration and drop the JSE quote as well, the better. Plenty of other Companies have done it historically and most have benefitted, most notably Petra Diamonds, which started on Asx and is now FT Mid 250 Co, with £700m mkt cap.

Losing all of the overseas Advisers and other hangers-on all saves a shed load of money too, which wud b gud news for a small Company like FCR.

IMHO, DYOR.

[blackss] 10/11/2016 10:45

This is why the share price has dropped, Its starting to sound a bit desperate all this enthusiasm about nothing new. Sometimes no news is good news.
Toral will maybe have value more than we paid once it has a valuation of what's there in a year or so, until then it's a £360k licence.
Don't get me wrong, its all progress in the right direction but it shows a bit of naivety about how the AIM works now to think this is share price moving news and worthy of an RNS.

[andrea152] 10/11/2016 10:15

I don't think Moonlight has made any progress for the last 3 yrs. Has ANY work been carried out on the BFS ?, has ANY drilling been done on Julietta or Gouda Fontein , as per the May 2015 placing ? Have ANY talks really taken place with interested 3rd parties ?

We have NO material evidence of any of this at all. (And Tom Revy certainly wasn't talking about it - just happily taking his A$250k a year salary).

I really don't know where we go from here at all. Very depressing & rather meaningless RNS. All it says it that Lundin Thought Toral had 8.7m tons of ZN/Pb, which we knew BEFORE the RNS. We seem to have waited 10 months, to be told what we already knew.

IMHO, DYOR.

[blackss] 10/11/2016 09:02

In fairness the RNS does say

In the period since completion of the acquisition, the Company has had the opportunity to further consider the NI 43-101 Report and has further developed and refined its planned work programme for 2016 and 2017. The 2016/2017 work programme includes:

So developed and refined.

These sorts of info releases would be better as just a press release or news on the website., i never thought i would say this about an AIM but they need to stop these RNS and podcasts until they have something new to say.
Moonlight is the driver here and Toral will be the share price drag now till it reaches the state of Moonlight.

[blackss] 10/11/2016 08:55

Bit of an odd RNS ? Nothing new really, just a rehash of the intended work program ?

[andrea152] 08/11/2016 12:06

Interesting to note that Steve Larratt of "Share Talk" Investorblog, was at the Walsall meeting. He was the forensic analyst who got 88E very, very right, so it will be interesting to see what HE has to say about FCR, if anything.

IMHO, DYOR, GLA.

[andrea152] 07/11/2016 15:38

Well, if Toral/Lago drills up to 2.5bn Lbs of Zn/PB + Silver credits, as Lundin mining ( a previous owner) thought they wud,in 2006, that would be worth circa US$ 2.8bn at current Zinc prices, which wud certainly be a commercial mine, especially with good grades, which the now closed Rubiales mine just up the road, always produced.

Even 1% of that wud b worth around 1p per share, even with 2.257 bn (fully diluted) shares in issue. It shud be worth a lot more to any potential trade buyer.

Rubiales was highly profitable and run by Teck for 15 years, even with lower Zn prices at the time.

For me, Moonlight is just too small @ 308MT (unless Julietta & Gouda Fontein can be drilled & found to have something meaningful) and also in the wrong metal, in the wrong Country.

IMHO, DYOR, GLA.

[blackss] 07/11/2016 15:25

Hope so Sam, maybe it would be better to be surprised at the time :-) rather than twiddling our thumbs because we have an expectation ?

[firemansam4] 07/11/2016 14:52

Black

I agree with the above but to be fair about the presentation i don't think it was very well advertised and could have been promoted a bit better. I found out through someone who told me probably about ten days prior and looking at the BB's i think it was only a few who mentioned it last minute. There is no date is there as yet for the new sharetalk interview? i would hope that is after the next RNS as there will be something new to discuss which after all these pending updates shouldn't be too far away ;-)

[blackss] 07/11/2016 14:31

I agree re: Miners andrea :-) but then i would expand that to cover a fair % of all AIM companies in general. No one ever said it was easy money, rewards can be good but losses can be horrendous. High stakes i think its called ....
I feel sorry for JT because he is giving it his all and many AIM directors couldnt give a toss as long as they get paid. I think maybe he needs to crow about what's been achieved rather than what's round the corner ? You can often be setting yourself up for a fall with predictions and time lines like "before Xmas". Maybe then we would have a planned strategy that we could look at and relate to this pending news.
I also agree re: Zinc. We need to get some figures as i suspect most potential investors will be thinking, If Toral/Goldcrest was worth 360k then why should it be worth more now we own it ?
Bottom line is i hear the presentation was not well attended, we have had no news on the Analysts visit, the purchase of Toral actually "hit" the share price when many were predicting sizable gains... the only good news is remarkable little news from Moonlight which does imply something is going on in a perverse way :-)I favour a JV, i think Moonlight is still the core product and if that was offloaded i cant see Toral being nearly enough to warrant the company, the staff or 2b shares TBH.

[andrea152] 07/11/2016 12:41

I've been doing this a long time too, and I've only ever seen 3 AIM -listed junior mining companies make it to the genuine big time for shareholders.

In all 3 cases, it was the drilling and actual mining results which created the success. That, and management who were genuinely working for shareholders, rather than just themselves or Advisers.

Does Ferrum hav the ability to do this ? , I believe that it does, but the Management Team will have to be expanded and ultimately, they need to lose their Aus Registration and quote, together with the JSE quote and all of the hanger-on Advisers, which cost FCR a small fortune in fees and endless telephone calls.

I think that Toral/Lago WILL work, but that Moonlight needs to be traded out or JV'd ASAP. Iron Ore is NOT the future - there is far too much of it around in Australia & South America - Zinc is - its in short supply and the end-user demand is rising.

Merlin Marr Johnson seems competent and honest and has considerable experience of the Zinc mining industry. JT founded the Oxford Mining Club many years ago and has much experience of the whole junior mining industry.

Most Brokers/Nomads are completely useless and only interested in fees from placings, in my experience - they are ALL the same.

IMHO, DYOR, GLA.

[blackss] 07/11/2016 10:29

andrea
JT would do better to get his broker (Beaufort Securities Ltd) working. They will have better access to the commercial money and ears. These podcasts and presentations are preaching to the converted at best, they certainly are not helping the share price I see now another podcast is on the cards ! unless he has something earth shattering new to say i really think these broadcast will become detrimental soon. We need clear projections, timelines and fundamentals to persuade people to part with their money.
I have held too many stocks with management who have great things happening that they can't tell us about....People get wary of this very quickly.
The time for podcasts is after you have done a deal, not before when you conveniently can't actually tell anyone about it.
I do appreciate he is doing his best to talk this up but i'm afraid it doesnt work like that, facts and figures please.

[andrea152] 07/11/2016 09:57

U were pretty much right about the Walsall meeting Black ! Ho hum !

[blackss] 02/11/2016 16:20

Sorry Sam ,i would have 100 questions but i know it will be "I'm not at liberty to discuss that at the moment" or some excuse.
I'm just waiting for one sign JT is actually going to achieve what all before him have failed to do and then i might have a slightly less jaundice attitude :)

[firemansam4] 02/11/2016 13:51

Black

More questions for Friday!

[blackss] 02/11/2016 10:44

Not a lot of feed back from the analysts visit either ?

[andrea152] 02/11/2016 10:34

Quite frankly no-one really knows. All we know is that they are out of their exclusivity period, so FCR can talk to anyone they choose.

Given that they have failed to honour their side of the BFS funding bargain so far, my money wud b on another entity having the final shout. These BEE groups are just too shonky to b credible.

I wud think that anyone of Kumba, Arcelor Mittal, Hebbei I+S and even Vedanta or Noble Group cud b in the frame to develope a low cost mining solution to the Moonlight/Julietta mining project, as JT has stated in several RNS's. It is also clear that a JV/Farm -in of some sort is envisaged, if they are doing all of this extra work.

They also said that they were going to start drilling the Julietta Farm after the May 2015, placing, at 0.5p/share, when Tom Revy was still in charge. I wud very much like to know what those drilling results were, or are, as its now 18 months down the road and these results wud b VERY pertinent to the total value of the South African project and the ultimate strike-price of any potential JV. Julietta COULD potentially double the size of the deposit, according to old Iscor data, but we simply haven't been told - like so many things about Moonlight/Julietta.

As shareholders, we need to be told much more about this by the Company. Roll on Xmas !

Perhaps the Walsall meeting on Friday will provide further insight into this ? who knows ?

IMHO, DYOR, VGLA.

[blackss] 01/11/2016 16:35

Moonlight Iron Project

-- Development options under review for potential reduced cost production pathways
-- Study initiated on pelletising technology
-- Review of product offtake agreements
-- Transportation costing review for various product types
-- Mining Right Annual Compliance Report completed and filed

This is from the latest RNS with highlights from Moonlight. BVI and the BFS have dropped off the RADAR although do get a mention re 2018/19 right at the end of the release still.

[blackss] 01/11/2016 16:32

Andrea...are you saying BVI are still in this ? :-)

[andrea152] 01/11/2016 14:31

Some very severe muppetry goin on, on the LSE BB today. Some people just haven't got a clue & can't even read an RNS correctly !

IMHO, DYOR, VGLA.

[blackss] 01/11/2016 10:53

Absolutely Andrea

Lets hope FCR can hit their own timetable and we get something good for xmas.

[andrea152] 01/11/2016 10:26

I think that by this Xmas, which is now just 2 months away, according to JT on his recent RNS's and Proactive Investors Podcast, we will know a lot more about FCR's future direction than we know now.

As Sean Connery once observed "Diamonds are forever - and so is patience".

DYOR, IMHO, GLA.

[laptop15] 31/10/2016 14:12

Cheers for your thoughts black, hopefully it all comes together as JT believes it will :))

[blackss] 31/10/2016 12:46

Nothing new there Laptop. It underlines that Moonlight is still their core business and i don't see them selling it. A JV is likely but it does mean there will not be an injection of cash from the sale proceeds anytime soon.
TBH my concern is Spain. so far we have been diluted and we have seen a drop accordingly in the share price My question to JT would be at what stage do you see Spain actually improving the share price and what sort of time frame? will they now spend years and thousands of pounds updating the geological data and then have anything better than Goldcrest had a couple of years ago in the same spot that was worth £360k as it happens.
Sorry to be a bit negative but i am still waiting to see if JT can actually return shareholder value here where all before him have failed.