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FCR Ferrum Crescent

0.0725
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ferrum Crescent LSE:FCR London Ordinary Share AU000000FCR2 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0725 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ferrum Crescent Share Discussion Threads

Showing 5001 to 5025 of 5125 messages
Chat Pages: 205  204  203  202  201  200  199  198  197  196  195  194  Older
DateSubjectAuthorDiscuss
12/2/2018
10:35
My guess is this option will be exercised....185,249,929 options (the "Placing Options") exercisable at a price of 0.075 pence per new ordinary share for a period of thirty months from the date of issue (the "Placing").....purely a guess.
denzilbricks
12/2/2018
08:00
So whats the next move ? Finance a scoping study or try and get backing before ? What sort of timescale ? how long does a scoping study take ?
spec7
09/2/2018
09:58
Usually new shares are issued at a discount to the current Share price and the Share price will often then drop to the discounted price, really depends how many or what % the dilution is.
so an issuing of new shares is a dilution of the old total shares in issue, effectively the cake is the same size but your slice just got smaller. You are right thou the share price could go up or down depending on why they needed money/more shares, they might use the money to buy an asset and increase the company value or they might just be paying directors fees or something non productive.

spec7
09/2/2018
09:08
Thanks for the positive responds Spec. I had it all wrong then. So the share price will not drop as a result of the issuing of new shares, but rather how it is perceived/valued by the market?
mikebolle1
08/2/2018
19:16
Its a good question and thats why we have a forum
Say the company is worth £100
It has 100 shares in issue, each share is worth £1.00
Then the company issues another 50 shares. Now there is 150 shares in issue The company is still worth £100 but each share is now worth 75p.
This is a simplification but its the basics.
The value of the company might go up as its now got £50 in the bank from the extra shares but in reality most extra shares are sold at a discount so they are easy to sell so although they might have sold £50 worth of extra shares they may have only got £35.00 for them

the bottom line is that issuing more shares to raise cash devalues the existing shares or in your words the cake has more slices(shares) but the slices are smaller because the cake is still the same size :-)

spec7
08/2/2018
18:35
I hope for an answer here, on another BB I was laughed at: Why should I worry about diluting my holding if I am in for profit/returns only? I know the principle of "my slice stays the same although the pie gets bigger", but I am not concern about voting rights and such. I am 56 years old and want to add the my retirement (lol).
mikebolle1
08/2/2018
12:52
It's the market cap that's important. Raising money as the market cap increases is fine by me. A JV will lessen the impact but it will be because we are progressing the project which will be what I am here for. The asset will support any raise and JV deal, and any forward selling of the asset's metal (when through feasibility and scoping) will be good news too. I am happy to buy on the open market as this moves up the project time-line - as are many others given the look of the chart. I see any request for additional cash as a good thing because the BOD are now spending very wisely. Given a very small number of shareholders hold 90% of the company it will be good to get some fresh blood on the register.
hedgebetter
08/2/2018
12:08
way too expensive, a placing or nought.
sleveen
08/2/2018
11:54
Oh okay...Thanks you Spec 7...In that case I'm hoping for a rights issue :-)
denzilbricks
08/2/2018
11:47
a placing is where they place shares with a limited number of pre arranged investors, A rights issue is where all shareholders get a chance to buy usually based on their holding. A rights issue is a very expensive way of raising money just from admin costs alone.
spec7
08/2/2018
11:40
As far as options go would they not offer options to existing share holders first so as not to dilute their holdings ? Is this not standard practice when it comes to raising more capital?
denzilbricks
08/2/2018
11:21
Agree as always Andrea which is why i am sitting on sidelines now. I had already been diluted so far here it had really made my investment worthless. yes this is a better situation this time but it still has echos of moonlight. I know moonlight was a bad situation in the end and worthless but it wasnt at the time i invested, China couldn't get enough ore and there was talk of a chinese company taking over the whole thing.
There is a world of difference between a "world class asset" in the ground and a world class asset in the trucks not to mention the £75-100m it would taker to lift it.
Its good but its a pipe dream at the moment.

blackss
08/2/2018
10:43
MMMMM Hedgebetter, but if there are twice as many shares in issue by the time we get to mining, then your holding has effectively been halved in value (diluted) hasn't it ? That's the point that Tilly is trying to make. Sure, the asset may be great, and we may even get mining, but who will make the REAL money ? CB I suspect, that has been his MO in the past. It sure won't be FCR Management, as they don't own any stock in their own company - another worrying point.

Let's see where we are after the next placing - and we hav seen how big it is ? (and will it pay for the Scoping Study in it's entirety ?)

That may then be a better time to invest ?

IMHO. DYOR. GLA.

andrea152
08/2/2018
09:18
I only invest in mining companies on AIM with strong assets so cannot comment on the rest of AIM. Not concerned with CB. So far, bringing him on has proved very good for FCR. You can’t make an omelette without cracking an egg - I am more interested in the roadmap to take us to mining and am happy to accumulate all along that time line as we make progress.
hedgebetter
08/2/2018
08:11
Hedge betterWon't CB buy most of any placing if there is one and dilute us enormously?Don't you think investing in most junior miners is just throwing money away?I have no view here ..just want to recoup some moneyI can see this back to 0.2 then no idea
tilly99
07/2/2018
20:47
Capital Structure Update 7/2/2018
FERRUM CRESCENT LTD : Information accurate as at 7 February 2018: Total number of fully paid shares on issue : 3,055,281,439 Total number of options on issue : 416,360,261 Percentage holding of 20 largest shareholders : 91.08% Market Capitalisation : AUD$6.11m Source:

hedgebetter
07/2/2018
17:00
It was a potential world class asset under the NI 43-101 IMO. The fact that it is much much bigger under the JORC with potential along strike and down dip says it’s up there with the best. Sure there is work to be done - there always is.
hedgebetter
07/2/2018
16:09
My point would be the share price was artificially collapsed by the threat of a £1.5m placing and poor management. The recovery has only been to where the share price was before the crash and before the JORC anyway. Despite all that's happened from Zinc to management to JORC the share price is basically nearly 50% down on where it was 12 months ago. Sorry but i see no signs yet of the share price reacting to the JORC as such.
I also strongly disagree that this is a world class asset, it has the potential to be but at this stage it's not and again that is reflected in the share price

spec7
07/2/2018
14:07
You only have to look at the graph on this page. At the moment, we are holding above key moving averages.Bullish IMO. Majors and financiers might start the process of talking with FCR right now, and will watch this like a hawk, building relationships as we develop the scoping and feasibility study. Waiting for all the i's to be dotted could be a slow move that means they miss out or it could be prudent! This is now a world class asset with expansion potential - and that means there might well be suitors. My only concern is selling out. I want to see us get to mining - that's where the big money is. However being realistic - it will never get to be mined - only sold on. IMO. DYOR.GLA
hedgebetter
07/2/2018
13:49
I would still expect the viability/Scoping study to come before any discussions and i am sure this is why the RNS has had zero impact on the share price so far.
spec7
07/2/2018
11:57
With MC and CB there is a good team there - and LR has been involved in some decent deals in the past. LR is proving to be a dark horse - taking the necessary action needed. I suspect CB has plenty of negotiation buddies who can support this...happy days
hedgebetter
07/2/2018
11:34
I suspect that there are some VERY interesting conversations taking place behind closed doors with the Mining Majors and/or potential JV or Farm-In partners, at present, following publication of the recent excellent FCR 2012 JORC, which exceeded my own expectations of Resource size & Grade by a factor of 2x.

There are a lot of Mining Majors wanting to get back into Zinc Mining,(having left), in decent, 1st World jurisdictions, following the return to record global Zn prices, with no potential let-up in supply constrictions.

This is where the skill of Management to negotiate a decent deal will be tested to the full. Let us hope that the new team are up to it.

IMHO. DYOR. GLA.

andrea152
01/2/2018
16:59
That’s excellent - a great holding you have in FCR. :-) let’s get this to mining - it’ll be life changing for all involved ...
hedgebetter
01/2/2018
16:18
@Hedgebetter....You are spot on...Im a new investor and own 1.75 % of FCR.....and there are a few more like me...new on the block and strongly behind the new management team for the long run.....:)
denzilbricks
01/2/2018
15:42
'LR was also talking about getting some new cornerstone investors on board, to broaden the share register, last time I met up with him. I wud assume that he has now made some progress in that direction'

This is good news as it shows that although CB is a strategic shareholder brought on to help them get to mine (where the real money is) LR and MC would want to ensure no single shareholder is calling all the shots. LR has kept to his word in the new regime. And as you say I would expect additional investors to come on board and some TR1's in the next few weeks and months..

hedgebetter
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