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 Shares Traded Last Trade
  +0.00p +0.00% 0.0725p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.01 -8.67 -0.70 2.2

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Date Time Title Posts
10/6/201821:29Ferrum Crescent Ltd457
26/4/201817:48Ferrum Crescent21
01/1/201815:26Ferrum Crescent 2016 and onwards1,114
13/5/201611:04Ferrum Crescent - targetting 6bn tonnes Fe in Tete? ISAable3,529

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mikebolle1: This post appears on iii, re fcr. I think its a good summary of what was discussed here before: "The Canadian guideline NI 43-101 had inferred and indicated resources attached to it. In terms of confidence levels Inferred is the lowest Indicated is the next best Measured is better still. Reserves can only be stacked up against indicated and measured resources. iMO the recent JORC was massive news. The market did not react as many would have expected including me. The reason IMO is because we now have the Australian JORC compliant resource estimate that puts all our ore tonnage into the inferred category. Even though it's significantly 'bigger' than the NI 43-101 and even though it now has a silver credit to its name - the point is the market does not give much value to inferred resources. For the market to apply an increasing multiple the resource needs to have further work performed on it that moves it from inferred to indicated and measured etc. These studies - scoping, pre-feasibility (PFS), feasibility, then Banking Feasibility Study (BFS) take time and money which is where Colin Bird presumably comes in - and potential other investors. With hindsight had the resource kept an element of indicated resources (some 4m tonnes on the NI 43-101) then the market might have reacted differently. Comparing FCR's tonnage with other companies tonnage is a useful comparison as it shows what might be, but we always need to be aware of the fact that resource categories, tonnage and grade (and grade cutoff) are a key determining factor. The rest - location, political environment etc are also very important but you need the asset first! We now need to BOD to help us understand how they will move us along the resource curve to get us moving to indicated and measured categories. Without this the remaining potential along strike (which is significant after all ) will remain a nice to have but also have zero value attached to it. If the steps are explained properly, and the funding is slotted into place, then this 'world class asset' might just have legs to get us to the point where it is sold on for a decent chunk of cash. I would like to see FCR mine it, but realistically a share in the asset is the best we will get - though that would be a company changer for FCR in itself and would reduce the risk. Given the share price is rock bottom and has been ever since the moonlight project was kicked into touch, I believe there is large upside, but the BOD need to show us the way first before investors improve sentiment."
spec7: 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.
mikebolle1: 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?
andrea152: Grant Button had been there forever, and had really done nothing, except his statutary duty of Company Secretary. He was also being paid quite a lot. LR has made everything a LOT leaner & meaner and I don't think that the cost-cutting has stopped yet, either. Look at the quarterly cash flow report yesterday - the cashburn has been reduced to a minimum compared to JT days and the Directors are not even taking Salaries at present - again unlike JT on his £125k p.a. salary plus unpaid-for "Options". It looks as though the next step is a Scoping Study, to define the economic merit (or not) of the Toral Zn Asset, which, I suspect will be paid for largely by Colin Bird in the next inevitable placing, but 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. Once the Scoping Study is complete, FCR can then go about finding a JV or Farm-In partner. Lundin or Bolliden wud be my top picks, with Glencore as an outsider. It is pretty clear from the Geologial "Block Model" that the Ore body is a lot more compact, with various "lobes" running off it, than the vertical parallel sheet model originally envisaged by Merlin Marr Johnson. That shud make it easier to mine and extract the ore, reducing processing costs. For what it is worth , I think we WILL eventually get a mine going, but it won't be in the next 6 months, as some people on other BB's seem to think !! More like 1-2 years. Instit Investors coming onto the share register will be the 1st sign of major future progress in the advancement of the share price. IMHO. DYOR. GLA.
nateroyd: One of my checks when I research shares is to check major shareholders. So I can see if they are selling etc and guess what none of the major shareholders have sold a single FCR share.
hedgebetter: Doubled end of last week on ASX ... and hardly anyone noticed..... :-)
hedgebetter: This is the most useful post by Andrea: "Nope , an LTH (8 years). I personally think that SOMETHING will come of it (either Toral or Lago), but obviously don't know what. 8p per share was 1% of 8.7m tonnes of Zn/Pb in the ground, divided by 4bn shares in issue (which is a forward estimate before funding) , and it still is. Just gives an idea of what it COULD b worth, before funding. Dusnt mean to say it will get there. We don't yet have sufficient data to produce an NPV or DCF valuation for the potential mine, so it's the best guess we have of potential Toral value, currently. Another way to look at it , wud b to take the 8.7m tons we know exists @ Toral, multiply by economic profit of $1500/tonne ($3000 Zn price minus $1500 /tonne av production cost), then divide by a 10 year mine life (say) & finally by 4bn shares in issue before funding. That produces a profit per share, per annum of 25p per share. Divide that by 2 for a 50:50 JV 9to fund and develope the mine) and it's still 12.5p profit, per share, per annum, over an initial 10 year mine life. My own view is that the current Management team will need strengthening (a lot) if it is to be taken into production, with at least one successful mining engineer appointed to the BOD. I'm also not sure that JT is the right person to take FCR through to being a fully-listed UK Plc, from his performance, to date, but he is OK until we get past the Scoping Study, which is underway now. As regards a strategic plan, I think that there IS one, but JT just needs to communicate that to shareholders via their rather useless PR Dept, led by Larry the Lamb. After all of that, it's down to good luck - like most things on AIM. (all of the above figures are my own estimates, not those of the Company, or it's Brokers). IMHO. DYOR. GLA." We now know the placing shares, and you can bet the options for Bird and the Broker will be exercised - so the guesstimate is pretty good. We expect the JORC 2012 to be rock solid - there is a question posed by Andrea on the III board - but there is no real reason to worry about it IMO and I expect someone will pose the question to Myles and Laurence. If the assumptions are rechecked on Toral and Lago - then what asset value is there likely to be - and how does this relate to share price? In terms of getting solid management on board - they just did - and I expect the asset to be seen for what it is - very valuable. The market will catch up soon.
keya5000: Blackss why do you insist that I trashed the thread posting pictures when in effect you trashed it yourself by removing all the header/charts etc. My first picture came after that point and was referenced to it, previous post to that stated you had removed the header then I posted the picture of the baby crying, very apt; keya500018 Aug '17 - 07:38 - 959 of 1022 1 0 Edit BlaxkSS after selling at all time low watching the FCR price go back up
keya5000: BlaxkSS after selling at all time low watching the FCR price go back up
larrylight: Risers & fallers: Avanti Communications, San Leon Energy, Osirium Technologies, Bellzone Mining, Alexander Mining Share 11:12 26 Aug 2016 Here we put the spotlight on Friday's market movers A long awaited oil deal is drawing to a close - sending San Leon higher Below are some of the main news-driven share price changes at 11am Risers Avanti Communications Plc (LON:AVN), up 12% to 39.5p. The stock that rose earlier this month on takeover talk was rising again on Friday. Industrial Multi Property Trust (LON:IMPT), up 12% to 175p. Interim results revealed a rise in asset value, narrowing losses and better occupancy. Osirium Technologies Plc (LON:OSI), up 12% to 193.5p. The cyber security firm landed a contract to provide an asset management group with its full suite of products for some 3,000 devices. It is a three year deal that will add a material financial contribution in 2016, it said. Fallers Ferrum Crescent Ltd (LON:FCR), down 7.5% to 0.25p. The mining sector junior announced an issue of equity from the exercise of options – 44.6mln shares with trigger price of 0.165p – which follow on from a share placing executed earlier this year. North River Resources Plc (LON:NRRP), down 6.9% to 13.5p. It releases a project update on its operations at the Namib lead & zinc asset, in Namibia. Bellzone Mining Plc (LON:BZM), down 6.5% to 0.215p. The mining sector junior gave back some of Thursday’s gains, which were triggered by a positive update on the group’s ferronickel study results. Below are some of the main news-driven share price changes at 9:00am Risers San Leon Energy Plc (LON:SLE), up 67% to 48.5p. The oiler’s shares resumed trading after a near eight month suspension on AIM. It comes as the group unveiled details of a £170mln share placing which takes it closer to sealing its long awaited Nigerian oil acquisition. Alexander Mining Plc (LON:AXM), up 25% to 0.22p. The mining sector junior added to gains from Thursday, when the group announced a licence agreement with Accudo Metals for projects in Australia. One Media IP Group Plc (LON:OMIP), up 17% to 3.5p. Investor eyes are seemingly smiling on the media group which on Wednesday announced a deal to acquire 1,100 Irish folk and Celtic music original recordings – it comes after eight years of marketing the songs on a shared royalty basis. Fallers AstraZeneca Plc (LON:AZN), down 1.3% to 4,943p. Share price weakness among drug makers continued through Friday, amid caution following renewed scrutiny from US presidential candidate Hillary Clinton this week. Concurrent Technologies Plc (LON:CNC), down 4% to 62p. The outlook statement in Friday’s interim results reads positively enough, though the figures themselves seemingly showed a flat performance. Strategic Minerals PLC (LON:SML), down 9% to 0.24p. The move lower follows the release of a quarterly update on Thursday afternoon.
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