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Discussions surrounding First Class Metals Plc (FCM) indicate mixed investor sentiment, largely shaped by concerns over company performance and future developments. Key highlights from the discussions include anticipation for an upcoming general meeting vote scheduled for February 24, which is seen as a critical juncture for FCM's strategic direction. Investors are particularly focused on the involvement of the Seventy Ninth Group, with many believing their investment could stimulate growth and enhance the value of the company amidst a challenging market environment. "Seventy Ninth Group will IMO put a rocket up this share," noted one participant, reflecting a hopeful outlook despite recent share price declines.
However, the prevailing mood showcases apprehension regarding FCM's operational progress, especially concerning drilling activities and assay results. As one investor pointedly remarked, “There are no big value events... that’s why share price is down 8%," underscoring the frustrations surrounding management's lack of clear communication on future plans. Additionally, there are concerns about share confidence amid recent sell-offs. One frustrated participant emphasized, “Somebody selling 600,000 shares doesn’t ooze confidence.” Overall, while there are sparks of optimism regarding FCM’s future tied to external investments, investor discussions seem to be overshadowed by skepticism regarding active project realization and timeliness in execution.
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First Class Metals PLC (FCM) has announced a significant development regarding its financing strategy with the posting of a circular and notice of a General Meeting (GM) to its shareholders. The circular seeks approval for the first stage of a conditional subscription from The 79th GRP Limited, an investor interested in FCM’s endeavors in the precious and base metals sector. The GM is scheduled for 24 February 2025, where shareholders will vote on this strategic investment aimed at bolstering the company's initiatives in northern Ontario.
The company’s board believes that this investment will ultimately serve the best interests of the shareholders and enhance FCM's capabilities in exploring its extensive land holdings. This move reflects FCM’s commitment to advancing its operational plans and expanding its financial base amidst a dynamic market for resource exploration. Financial details regarding the subscription and its expected impact on FCM’s capital structure will be further clarified following the outcome of the GM.
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Absolutely John! |
I thought it was very encouraging, cashed up / working now on winter surveys and ready to start all The projects without delays. |
hxxps://youtu.be/y_V |
Thanks soul and unknown benefactor. |
New stockbox interview out 😏 |
Big things coming here in the next 12 months, one of a few cashed up, with good assets and a real chance of gaining back lost ground quickly. |
I don’t hold grudges business is business 😉 |
Your the grudge buddy, stop mesing with the shares via chat boards and wait for the good news like thr rest of us. Your off the wall craxy |
New poster with a grudge I see ic7j |
In answer to your question idle I don't think Mr bodies has a full grip of the enormity and positive effect this 79 deal will have on the share price. He will see his investment triple in no time but he holds a grudge doesn't he. I've never seen such gusto from an investor with intentions to literally peas on his own finances. Total madness. If he could see into the future a bit I think he would nip it and realise what poor judgement he has had in de ramping his own holdings. |
It's a good deal that. Seventy Ninth Global will push their investment for many times return imo. Look what they are doing via their linked in and website blinding deal! And they have the tools to do the job too...https://79thgl |
hxxps://www.linkedin |
Stockhouse, America’s leading stock platform, highlights exciting developments regarding the upcoming deal between Seventy Ninth and FCM. This partnership is set to be a major success, as Seventy Ninth brings its robust global marketing network to the table. With a strong focus on maximizing ROI, the company is expected to leverage its global disruptor investor tours to promote the collaboration worldwide. Anticipation for this partnership continues to grow as it promises to deliver significant opportunities for both parties. |
TMS Q and A with FCM this week |
@FirstClassMetal |
A Question and Answer session with First Class Metals PLC from @TMSreach The TMS Team catch up with First Class Metals and discuss the new strategic investment, what the funds will be used for, what is next for the Company and what is the overall strategy.https://tot |
Out of interest where do you see it going mr bodi? And I presume by yr comment you'll be voting in the affirmative? Odd posts seeing the size of accumulative holding you and yr happy clappers must have. |
Put the crystal bowl away along with the tea leave and whatever you’re smoking please stop. |
If there were ever a time to buy, it’s now. The broader picture seems to be escaping many at the moment. |
Rather have facts like those above |
First Class Metals PLC. LSE:FCM FRA:WN9 |
Interesting post on LSE yesterday; |
First Class Metals PLC. LSE:FCM FRA:WN9 |
Indeed, let's move on no need to apologise. |
Type | Ordinary Share |
Share ISIN | GB00BPJGTF16 |
Sector | Miscellaneous Metal Ores,nec |
Bid Price | 1.50 |
Offer Price | 1.70 |
Open | 1.60 |
Shares Traded | 0.00 |
Last Trade | 08:00:00 |
Low - High | 1.60 - 1.60 |
Turnover | 0 |
Profit | -1.58M |
EPS - Basic | -0.0162 |
PE Ratio | -0.99 |
Market Cap | 1.56M |
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