Ferrum Crescent Share Discussion Threads

[blackss] 20/12/2016 08:51

So we were told news buy the end of the year giving a year high for the SP, we all loaded up and got a placing.
Even if we get news how can he justify the placing before the news unless he sold the placing on the promise of the news and year highs in the share price to the guys who took part ?......which could be inside info.
Something not right here.

[andrea152] 15/12/2016 15:39

I note, from a 1st August 2016 Bloomberg Article, that Hebei Iron & Steel are merging with Shougang I&S to form the giant "North China Steel" in an attempt to overcome Chinese steel overcapacity and emissions regulations. So I guess that rules them out of building a new steel Mill in South Africa for the foreseeable future ?

Also, Anglo American are having problems finding a buyer for their Iron Mining Subsidiary Kumba Iron, which has a worked-out & closing mine in Thabazimbi.

The options for Moonlight get curiouser & curiouser, as Alice in Wonderland once observed.............!

IMHO, DYOR.

[andrea152] 15/12/2016 12:11

I have, some consolation at least ! Mm's didn't want to deal actually, which is vaguely encouraging.

[patviera] 15/12/2016 12:07

Andrea We will just have to downgrade our 10p tgt to 6p!!Have you averaged in at 0.2At least non placees get the chance at same price

[andrea152] 15/12/2016 11:40

Totally agree Black. The only real positive that I can take out of it all right now, apart from the quality of the Toral Asset itself, is that FCR isn't drowning in DEBT, which is the ultimate Company Killer. Maybe dilution is the lesser of 2 evils ! (but only just).

IMHO, DYOR.

[blackss] 15/12/2016 11:07

A message for JT
Everything you promise for Toral was promised for Moonlight over the last 6 years.
Toral just needs a jorc assessment,some drilling, some licences, government backing, a take off agreement a BFS no doubt ? now where have i heard all this before ?

[patviera] 15/12/2016 10:30

I wrote about his tweets but yoyo asked me to take down as he didn't think would help Barry...Barry actually asked me to post my commentsYes v nasty indeedI think Bulgin is worth 15p and the rest nothing so I think I will get 10pFcrOne always gets rallies in fcr one just has to sell the tipAgreed v odd placing it's left me confused ..maybe cos shares rallied to 28 they wanted to take advantage of the riseHow many shares does JT own?

[blackss] 15/12/2016 09:42

pat
This is my point, if JT knows something that means he can sell the placing over subscribed then he should tell us. Otherwise it looks like he has sold stock at a bargain price before news on the promise of that news. the question then is if the news is good enough to raise the share price why didn't he put the news out first ?
I personally don't see the price really rising here on Moonlight news alone, the continued dilution and the promise of a lot more to come says to me that while it will spike on news it will settle back to about here as people cash in while they can. Basically there has been so much talk of this "news" i suspect it value is now already factored in by the 2 placings/dilution.

off topic.Apologies to the holders here
As for Daley ?
Just remember to get out at 10p if you can. Unless there is a very good reason for the share price rise, ie: more than them being cash rich from selling off divisions because that is unsustainable.
I'm guessing you have seen Daleys twitter account attacking Barry ? what a despicable nasty little man.

[patviera] 15/12/2016 09:12

I'm not saying directors can't buy in a placingOf course they canBut surely fcr directors can't as they have told the mkt they are about to announce some moonlight newsThey have to be insidersI bought in at 20 in the placing but it still baffles me as to why place shares now at 20 when after moonlight news they could get substantially higherMakes no sense to me at all(Daley is a law unto himself,although nice to see buyers around so my fair value of 10p should get hit)

[blackss] 15/12/2016 09:06

The next question will be what did JT tell the new investors to make the placing over subscribed at .2 that he hasn't told all those now selling ?

[blackss] 14/12/2016 20:11

pat knows management can buy in their own placing.

[firemansam4] 14/12/2016 19:43

Their you go Pat, done yesterday?

A perfect way of getting into FCR and then today provide an update?

Highlights:

Placing of 105,999,988 new ordinary shares in Metal Tiger at a placing price of 1.5p per ordinary share raising gross proceeds of £1,590,000;
Issue of 105,999,988 warrants to subscribe for 105,999,988 new ordinary shares in Metal Tiger at an exercise price of 2p per warrant, within a 12 month exercise period (ie. one warrant at 2p for each ordinary share purchased at 1.5p);
Placing undertaken at the bid price of Metal Tiger stock at the time the placing was commenced;
Funding to augment existing underlying working capital underpinning the Company’s investment in its Metal Projects division and with a specific focus on the Company’s Botswanan project development and Thai Silver-Lead-Zinc mines’ permitting process, as well as to allow the Company to explore corporate activities;
Metal Tiger directors are participating in the placing (Charles Hall Chairman £30,000 for 2,000,000 shares, Michael McNeilly CEO £10,000 for 666,666 shares and Paul Johnson Non-Executive Director £25,000 for 1,666,666 shares).

[blackss] 14/12/2016 18:51

JT was appointed 1 year ago Friday...several placings and deals ago.

Just to pat..I dont suppose Daley would find being in negotiations as a reason not to fill his boots if he wanted :-)

[patviera] 14/12/2016 18:36

How can they buy when they are negotiating over moonlight?

[blackss] 14/12/2016 16:45

If management want to buy in placings they usually find a way.

[andrea152] 14/12/2016 13:43

Very curious FS, very curious, that was my understanding of the rules too.

[firemansam4] 14/12/2016 13:32

I don't understand though how the board have not bought into this, MTR directors yesterday have put there money where their mouth is, and JT saying in podcast yesterday that he can't buy shares whilst we are in a news flow period doesn't make sense, surely they could have participated in our recent placing?

[andrea152] 14/12/2016 13:15

Quite agree - and hopefully a bit more !

[patviera] 14/12/2016 11:59

Agreed AndreaWhy raise today when you could raise in a couple of weeks much higher?I'm confused but love the levelShould be a 25pct gain for those long at 20

[andrea152] 14/12/2016 10:35

Suspect you cud b right there FS, that recent placing, neither the timing, nor pricing level, made any sense to me, given that all of the known projects were well funded for the immediate future.

Clearly a lot of things going on behind the scenes here anyway - which is good, because they certainly weren't under Tom Revy, a year ago !

IMHO, DYOR.

[firemansam4] 14/12/2016 07:53

Pat

I think based on the information thus far Moonlight will push us up to around .30 but i think there might be a surprise out there which will push us much higher, as the recent placing or the monies from it doesn't make much sense to me, why the rush to raise when we have over $1mill in the pot and warrants being flipped bringing in further monies, we have enough there to continue for at least another 6 months and thats without any warrants being flipped. He has mentioned before in many podcasts that they are looking at other assets, could this be what it is for who knows, but if they wanted the cash sooner rather than later then hopefully we wont have to wait too long to find out.

I think people selling now will regret it and we haven't had the herd arrive yet, so interesting couple of weeks ahead!

FS

[andrea152] 13/12/2016 15:27

Yes, probably about the same, ignoring all the flickers & flippers ! Depends what the deal is, on Moonlight, if any ? Spain has longer legs, in my view.

IMHO.

[patviera] 13/12/2016 11:43

Andrea What price will we get to if JT comes up trumps and finds a partner with big pockets?I think downside is to 17 and upside to 30 over 3 monthsYou?