We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| First Class Metals Plc | FCM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.60 | 08:00:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.60 | 2.60 | 2.60 | 2.60 | 2.60 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 11/4/2024 17:39 by bigego That's the sort of company you want to be partnering with,FCM could have pulled a blinding result off here. |
Posted at 11/4/2024 17:36 by bigego More I read about 79th Group FCM asset suitor, more I am impressed.hxxps://www.thetimes How an ESG asset management firm struck gold The Seventy Ninth Group is a property empire from Liverpool that turned to gold in Guinea and invested in communities along the way Natalie Bellis, CEO of Seventy Ninth Group, is adjusting to UK time after a flight from Dubai, where the company’s capital markets branch is based. Since the formation of the company, just three years ago, the business has grown rapidly. Bellis (pictured above, left, with colleagues and business partners in Dubai) now divides her time between the headquarters in Southport, Merseyside, and Dubai. “So, I’m there quite frequently, but it’s a long trip,” she says. “I’d love to say I switch off on the flight but it’s the only chance I get to do emails”, she laughs. Long trips, however, are something the Seventy Ninth Group is very used to. The company name, informs Bellis, comes from the periodic table: the 79th element is gold. And gold, specifically gold exploration in the Republic of Guinea, is the Seventy Ninth Group’s raison d’être. Prior to striking gold, company chairman Dave Webster forged a successful business in property development, buying his first ever buy-to-let property in Liverpool in 1991. By the 2010s, Webster’s now sizeable nationwide portfolio was such that it allowed him to take early retirement. But, says Bellis, “retirement didn’t suit him”, and he was introduced to Guinea to learn about the growing commodities market there. “Being an entrepreneur, he saw the opportunity,” recounts Bellis. “It really opened his eyes to the world of commodities.” Rather than continue his retirement, he set up the new business, bringing in his two sons Jake and Curtis as Managing Director and Investment Director respectively. Bellis joined the Group as CEO in January 2021. “I knew of their interests in West Africa and was intrigued by it,” she says. “I went in and met the family and instantly loved their ambition.” ‘It really opened his eyes to the world of commodities’ The Websters have retained their UK property arm alongside the Guinean commodities business. While the former provides steady, stable returns, the other by its nature requires a long-term approach with an extensive risk management process. The two arms of the Group provide a perfect balance, says Bellis. Combined, “when all is said and done, it’s simply an asset management company focused on land – identifying, targeting and finding opportunities in undervalued assets, with significant, positive outcomes.” These positive outcomes go beyond just financial returns, however. Central to both Webster and Bellis is the desire to ensure that local communities in Guinea benefit too. When Bellis took over as CEO, she was given the mandate “to drive the group’s ethical approach to the business”. Since then, environmental, social and governance (ESG) has been central to the Seventy Ninth Group’s approach. Working in the mining sector presents “unique challenges from an ESG perspective,” admits Bellis. And they are not what you might expect. “People think you literally go out there and there’s an open mine waiting for you. In fact, it’s actually a piece of land,” she explains. “And it’s a beautiful piece of land.” Local knowledge – and local trust – is therefore key. Connecting with communities This took Dave Webster years to build, from his very first trip in 2011. It took eight years, meeting with the elders of the community, to achieve “their sanction and blessing”. The intimacy gained became such that a local elder personally walked Dave Webster out to a site marked by a hand-laid rock many years ago, designating where a vein of gold could be located – it proved to be correct. This hands-on approach has continued as the projects have grown and evolved, and the payoff from developing relationships is something that Bellis refuses to take for granted. “It’s now embedded in everything we do – the fact that we still travel out to our concession sites and meet the communities and ask the important questions ourselves, not through third parties. The well-connected approach has served us so well already, and we fully intend to maintain that.” ‘They need the skills to be able to progress – and that takes external contribution’ Having a small environmental footprint, offset with a large social and economic impact, makes for a tricky yet rewarding balancing act. The Group’s back-office functions are now Green Mark and ISO certified: “for me, that was really fundamental at the early days of the Group’s incorporation to have those practices embedded and evidence that that’s how we operate”, says Bellis. While on the operational side, less invasive methods such as ‘air core’ drilling, which doesn’t require the heavy water-demand typically associated with gold mining, has proved an important innovation. On the community development side, the Seventy Ninth Group partners with NGOs on the ground including the Red Cross to provide health and safety training not just for the workforce, but also for members of the wider community. A partnership with a local school is also seeing children trained for skills in agriculture, giving them additional choices for the future beyond simply mining. “That’s something really close to my heart,” says Bellis. “They just need the skills within the communities to be able to progress – and that does take a lot of external contribution.” Long-term projects As we speak, the Seventy Ninth Group has just commenced a drilling campaign in Lusso South, in the Republic of Guinea, creating 36 new roles for local people. The aim of the campaign is to extract soil samples which can be sent to labs to help determine the mineral richness of the soil and, crucially, the value of the land itself. The previous drilling campaign in 2022 – the exploration phase in which geologists examine the soil for potential – yielded such positive results that this year’s campaign was expedited and presents a potential game changer for the company. In-Country Manager, Eric Ntube, describes it as “incredibly fulfilling to see all this hard work and months of planning come to fruition.” This has included organising this drilling campaign, extensive development work, and relationship building with local communities. “The Seventy Ninth Group have always wanted to do this in a way that positively impacted the local communities and the wider country as a whole,” he says. He and his team spent weeks engaging with the locals on the ground, visiting nearby villages, medical facilities and community sites. This included support for training and income-generating initiatives for youth and women’s groups. ‘We want to have a positive impact on local communities and the country as a whole’ The long-term plan is to continue to explore different concessions throughout the Republic of Guinea, not just in gold, but also iron ore, bauxite and diamonds. “We will continue to diversify,” confirms Bellis. Commodities and precious metals “are what the world needs”, she says. The Metal And Mineral Global Market Report 2023 found that the global metal and mineral market grew from $7,541 billion in 2022 to $8,126 billion in 2023, a compound annual growth rate (CAGR) of 7.8%, and is expected to grow to $10,651 billion by 2027, driven in part by the demand for wireless electronics, batteries and electric vehicles. This means, says Bellis, that the time is ripe “to be a game changer in this sector. There are more sustainable ways of doing this while equally helping everyone around you.” Within the next three to five years, the Group intends to list its commodities assets on the Canadian TSX V exchange. In the meantime, the strategy will continue to be, says Bellis, “to expand and grow within the communities that we’re in, building local employment and skills. That’s absolutely what we want to do.” |
Posted at 11/4/2024 16:42 by metals magnet Heartening to see I’ve been receiving support on the Fcm telegramchat from investors concerned about me being mutedThere are still some brown nosers on there backing the board decision to do this Investor chats are for investors to make valid points about company issues I simply questioned a statement the company had made officially I was then muted Censorship won’t park There are many other chat forums such as this and the lse chat for example |
Posted at 10/4/2024 11:18 by metals magnet The FcM telegram chat is controlled and manipulated by the companyJK is admin and Claire J is paid by the company to promote what the board say Need to have an independent chat where investors can say what they eakt |
Posted at 09/4/2024 19:10 by broken_arrow1 According to a post elsewhere the potential rise today was clipped due to a small seller who apparently posted on X that they sold FCM today due to boredom, this outfit has a few followers which may have acted in concert.It looks like they are now out as online limits strengthened towards the close. Shares look poised to move up over the week. |
Posted at 29/2/2024 07:15 by space_dust This is the next EEE do not miss out, only £3.5m m/cap.'Zigzag is growing as a significant lithium and critical metal play in this rapidly emerging pegmatite district' |
Posted at 30/10/2023 07:44 by brynsy Yup! Zak Mir on FCM:First Class Metals Marc Sale, CEO, and the team have shown themselves to be busy bees at First Class Metals (FCM), with the mantra here being that the company is making the idea of getting its four core assets to drill ready status by the end of the year. Doing this would obviously give the company optionality in terms of how to take them forward in the most favourable way for shareholders. This week Mr Sale added to his workload with the announcement of the granting of two Exploration Permits for the Company’s North Hemlo & Esa Properties located in the Hemlo area of Ontario. While the market is yet to properly price up what the company is sitting on, it can be seen that value is being added to the portfolio. |
Posted at 05/10/2023 08:40 by biztech Hi All, please find below a link to my video podcast with Marc Sale, CEO of First Class Metals where I talk to Marc about FCM's history, its 5 core projects, the environment, the company's financing, as well as FCM's communications strategy. Hope you enjoy and share if you like... https://youtu.be/-8N |
Posted at 27/9/2023 13:31 by biztech Hi All, I've just published our first video on First Class Metals (#FCM) where I provide an overview of the company, what it does, its project portfolio and my first thoughts in FCM as an investment. Note that this is pre-cursor to an interview I have planned with the CEO of FCM, Marc Sale next week. Hope you enjoy and share if you like... https://youtu.be/1_M |
Posted at 08/9/2023 13:55 by ldbart First Class Metals #FCM is fighting to make new and significant discoveries that will place it at the vanguard of the global effort to address the crisis. Read here: buff.ly/3KDEVbL |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
