Ferrum Crescent Share Discussion Threads

[nateroyd] 30/1/2018 09:25

Sorry old one lol

[1kiwi] 30/1/2018 09:03

The long awaited JORC arrives whilst the sheep enjoy a sleep.

Bless!

;)

[mikebolle1] 30/1/2018 05:27

The JORC Est was published on FCR website

[andrea152] 29/1/2018 16:54

Not too sure about that Black. South Africa is bust, full stop and the locals don't hav the ability to run any serious Company, without making a mess of it, or having their fingers in the till. I think JT was simply as incompetent & out of his depth, as they are - nothing more.

IMHO. DYOR. GLA.

[blackss] 29/1/2018 16:35

Water off a duck's back spec7, you just cant help some people. I will leave them to it again.
mike are you SA based ? i wouldn't be at all surprised to see moonlight fired up again soon. we gave that away for nothing to someone. Tooth got rid of it, turned this into a zinc play then cleared off, thanks Justin.

[spec7] 29/1/2018 16:23

Mike
I think we are at cross purposes, My comment was referring to the hard time Blacky has been getting on the LSE forum. As for the JSE ? any trades are good but we have to remember even 6-8m is only £7k and there are 3 billion in issue :)
Dont worry too much about the negative vibes here, a lot of people have lost a lot of money on this one, unfortunately it's been mostly due to appaling management and PR and not really a reflection of the company's assets as such.
Understandably there is a rather jaundice attitude to the company and i am sure most of us would rather be happy and upbeat, we just need something to be happy and upbeat about and right now there is a real sense of dejavu about this one.

[denzilbricks] 29/1/2018 12:14

So much negativity surrounding FCR on this forum....very sad indeed if you lot own FCR shares....whens the funeral ?

[mikebolle1] 29/1/2018 12:10

Spec7, I am not sure if you are referring to my post but I can assure you that I am no ramper. I am not that long in the trading field and maybe I got a little excited about the high volume traded on the JSE (where I am invested in FCR). I am on this forum to follow how you guys/girls see things pan out, how you interpret the little info known on shares, not just FCR. I am sorry if my remarks above communicated the wrong message, it surely was not my intention.

[carbon man] 29/1/2018 11:47

Before dealing in FCR, it may be worth checking out with the Aussie market. They traded 0.01 0.02 this morning, with the currency trading roughly at $1 = .0058 to £
it may explain why there are a number of seller in London today. They may be arbitragers. Patience could be the order of play, just in case

[blackss] 29/1/2018 11:30

Probably right Spec :-) Cowboys messing about with pocket money anyway.

[spec7] 29/1/2018 11:26

Probably best to leave the rampers to it on FCR Blacky, if they don't like something they just get it removed anyway. Sort of defeats the whole point of a forum.

andrea

I suppose it's a sign of how bad the relationship[ between AIM investors like this and management have got, everyone looks for the catch, I think you are right in so much as the JORC will have little effect on the share price unless it's accompanied by some sort of business plan for Toral.

[andrea152] 29/1/2018 10:51

This wud have already leaked out into the mkt via volume, if there was truly exceptional news to be had. It always has in the past.

And we STILL don't really know why Justin Tooth left the Company so quickly, despite having put a great remuneration package in place for himself. He, of course, wud hav known exactly what the Zinc drilling results were and the silver is almost irrelevant anyway (it's the Zn & Pb that REALLY matters).

I suspect that we will see some form of corporate re-organisation announced alongside, or shortly after, the Jorc results are published - probably to the benefit of Mr Colin Bird.

IMHO. DYOR. GLA.

[blackss] 29/1/2018 10:24

Reading back through the RNS or 12/12 it reads to me that the Zinc jorc had already been completed, that means they have been sitting on it for 6 weeks now while they add the silver assessment. My worry is based on the lack of share price movement knowing how the results of the zinc assay would have been widely known in the sector i would imagine.
Its a problem with sub contracting the drilling and the JORC as well as changing management half way through, trying to keep a lid on the news especially when the test drillings were made public anyway, they either run an unusually water tight ship or the results we of no interest to the markets. either way with 2 days to go the interest here is disappointing

[denzilbricks] 29/1/2018 10:06

JORC report is imminent....according to last RNS should be out by end Jan 2018...so I guess a few guys topping up :)

[mikebolle1] 29/1/2018 09:41

Another 2m went through bringing to total thus far on more than 8m traded.

[mikebolle1] 29/1/2018 09:03

Close to 6 million shares traded just now on the JSE, in one trench. This is unusual for FCR. Anything going on here?

[nash81] 27/1/2018 14:30

Bird is making this his new baby and he put large money in, so whatever he will do, will surely be benefit for him too

[blackss] 26/1/2018 11:57

I think you are right with your exocet analogy :-)
Tin hats on everyone, boooooom or bust?

[andrea152] 26/1/2018 11:33

Good luck Nash81 - lets hope we don't get a Placing or a Stock consolidation immediately after next week's (alleged) 2012 Jorc news ?

A JV or Farm-In Partner announcement , however, wud go down much better IMHO.

Next week cud b VERY interesting ? (or not ?!).

IMHO. DYOR GLA.

[nash81] 25/1/2018 15:13

bought some.

JORC updates soon imho

mcap only 3m-4m

[andrea152] 24/1/2018 10:11

Wudnt disagree with any of that Black - I don't think it's going to be a clean game - and, after all, none of the other "New" Directors have bought any stock with their own money have they - so that tells U something.

IMHO. DYOR. GLA.

[blackss] 23/1/2018 11:23

It really depends on how much Bird is going to be willing to let the shareholders join in, i suspect he will try and get them to pay for most of it then as you suggest dilute them to oblivion by increasing his own holding. Its just a matter of if he can keep the share price down low enough to buy meaningful quantities at a good price to dilute us.

[andrea152] 23/1/2018 10:59

Well you couldn't get a better time to build a Zn/Pb mine than now, with price at $3500/tonne, assuming that the economics stack up. Most similar Zn mines are currently working to all-in operating costs of $1500/tonne. so, even 8.7m tonnes from the existing 43-101, looks very prospective, let alone a Full 2012 Jorc.

I think that one more largish cash -call and the ann of a JV partner would put the company on a much sounder footing for L/T holders. Until then , sit on yor hands !!!

IMHO. DYOR.

[andrea152] 19/1/2018 10:38

Problem is, there has to be a vast dilution of the existing shareholder base, IF a mine is to be brought into production, whether via a Farm-in or Farm-out, or a JV. Only shareholders willing to put large amounts of new money into the Company at that stage are likely to make any meaningful returns from where we are now. As CB effectively controls the equity, it is likely he will be given 1st call on all future fund raisings and so HE will dilute existing and current shareholders out of sight, as he has in the past.

I understand that the JSE listing is to be cancelled.

IMHO. DYOR. GLA.