Finnaust Min Share Discussion Threads

[rampair] 24/11/2016 19:23

Richie, you've gone quiet- nothing to do with ZIOC being down So much today?

I take no pleasure in that because, no doubt people got caught on the spike.
Zioc was well over £1 then spent three years ebbing away, a year flatlining, then some research......


Zanaga is in a difficult place - But, I wish shareholders good luck. It seems that work may start in 2020?

Wonder if Bellzone, Simandou, or the Congo will be better than the Pilbara?

Pilbara & Western Australia for me, rather like Greenland...

Hmmm


I find Monets post far more interesting than mine.....What a terrible disaster for
investors who trusted people.
I don't like PI's getting burned like that. Very low standards.

[monet] 24/11/2016 08:21

I believe a few million shares have been shorted at about 6p well below today'shares price.No wonder richie666 keeps posting the shareprophets links,they must be very worried knowing they have to close there shorts. with funding at 7p are trying their best to get the share price down.

[snowyflake] 24/11/2016 06:39

Monet - interesting post.

[shutittrev] 23/11/2016 19:21

Fair enough Richie.....best of luck with ZIOC and your FAM short.

[richie666] 23/11/2016 17:54

Good rev - if being a tool involves calls like ZIOC - V happy being a fool.

[birotop] 23/11/2016 07:58

Come on the mighty MANU - just saying like.....

[rampair] 22/11/2016 22:25

Richie, we have endured 7 weeks of you linking to a shareprophets piece that was bearish. I needn't point you to the chart at the top of the page, but I will.
There's a chart at the top of the page,the share price is up since the piece.

The wider market disagreed with you.

You have no position in this Share?

You need to get out more because you are crowing over anything that could be manipulated into underpinning your view. Ok, it's a free world - but I won't take Zanaga iron ore thank you,
Looks like it fell off a cliff.


Neither scenario is healthy, no holding?
Or, working for someone else's agenda?

I have gone off Share Prophets comments, too many non pertinent remarks.
They used to mildly amuse, but like a worn out comic trotting out hackneyed catchphrases, it's all getting a bit predictable.

R.

[richie666] 22/11/2016 20:37

Snowy - u are referring to this -

"A City source tells me that broker share price Angel is right now endeavouring to raise £7 million for Greenland mining outfit Finnaust (FAM) at 7p per share. At a current 8p to 8.75p the company is valued at £40 million on AIM.

SP Angel published an utterly gushing buy note on Finnaust on 24 October. Using an 8% discount rate, which looks a tad on the aggressive side, it concluded that the shares - then 7p - were worth 15p and advised investors to buy. I guess that was the pump.

The company has raised £1.5 million (gross) so far this year but with PLC costs and an aggressive exploration progamme in Greenland (and of course 5% commission for share price Angel) that cash will now be almost exhausted. Hence the urgent need for a placing.

Oddly the share price Angel note did not flag up this urgent need for cash at all and, indeed, analyst John Meyer did not provide investors with a P&L, cashflow statemrent or balance sheet either projected or historic. I am sure that was not deliberate and just an oversight.

But maybe we should put those 34 pages down as a "marketing communication" rather than "independent research."

5% commission on a £7 million fundraise.... hmmmmm £350,000 on its way to share price Angel. Knock off the cost of publishing that glossy 34 pager and it will still be quite a Christmas bash round at share price Angel. Oi! John Meyer is avin a party, you bring the vodka and I'll bring the charlie.

Placing ahoy!"

It was released on SP's website BEFORE my link or otherwise what would on earth would I be linking to? Jeez...

Let's see what happens in subsequent days re new flow. I for one am intrigued.

[richie666] 22/11/2016 19:42

You must admit the fact that I posited last week that a placing was imminent tells u that I have a good handle on this stock. Of course u won't admit it but anyone with a brain would do well to re-read my note re the points raised there and ask the reason Mcillree tried to silence it...

Oh, and compare and contrast with ZIOC!

[richie666] 22/11/2016 19:25

Good rev - per Snowie's incorrect reading - check the times - he is mistaken!

[richie666] 22/11/2016 19:19

And for good measure, for the stage the company is at it is wildly overvalued. IMO.

[richie666] 22/11/2016 19:18

Snowy mi ole pal you are deluded! How can I post a link to an article that is not written/live? LOL.
The time of my first post was 13:34pm not 10:35. You been on the sauce or the ole mince pies letting u down now? Idiot.

Keep trying...

[richie666] 22/11/2016 17:26

LOL - So now they think I'm you Biro!! U cannot make this sh&t up.

Suggest u boys have a look at ZIOC - less than a quarter of FAM's fully diluted market cap, 10 X more cash, GLEN as a partner (with $340m spent on feasibility) and an NPV (properly calculated I would add!) net to them of @ $1.4bn. If u like FAM u must LOOOOVE ZIOC!

[birotop] 22/11/2016 16:25

He doesn't think he has scored a goal, he has scored, plain & simple -technology proves it (RNS) has crossed the line, just saying like.........lol

[snowyflake] 22/11/2016 16:23

Have you noticed shutittrev how richie's alter ego birotop appears when richie thinks he has scored a goal. But then birotop spends most of his time on the MNU board; a club going through the doldrums at present.