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FCM First Class Metals Plc

2.70
-0.20 (-6.90%)
Last Updated: 12:51:22
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
First Class Metals Plc LSE:FCM London Ordinary Share GB00BPJGTF16 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -6.90% 2.70 358,904 12:51:22
Bid Price Offer Price High Price Low Price Open Price
2.60 2.80 2.90 2.65 2.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec -701k -0.0088 -3.07 2.15M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:09:06 O 5,000 2.673 GBX

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Date Time Title Posts
19/4/202408:19First Class Metals PLC--First Class Projects116
10/2/202415:40First Class Metals PLC--First Class Projects117
15/9/202312:50The Market Bull update on success with the First Nations5

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First Class Metals (FCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:09:072.675,000133.65O
11:51:152.7723,349646.77O
11:39:472.7025,000675.00O
11:37:442.7050,0001,350.00O
10:38:042.8010,000280.00O

First Class Metals (FCM) Top Chat Posts

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Posted at 25/4/2024 09:20 by First Class Metals Daily Update
First Class Metals Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker FCM. The last closing price for First Class Metals was 2.90p.
First Class Metals currently has 79,551,294 shares in issue. The market capitalisation of First Class Metals is £2,147,885.
First Class Metals has a price to earnings ratio (PE ratio) of -3.07.
This morning FCM shares opened at 2.90p
Posted at 19/4/2024 08:19 by m1sterx
Retail investors have been conditioned that current low share prices across this sector will remain forever, most are now just looking for a 10%/20% turn, many have become speculative traders.

After a 3 year bear market gains moving forward will be spectacular, had we been in a bull market these shares, for example, would have be in double digits + would have surged on the sale process RNS.

You buy the lows and they are in right now.
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.co.uk/static/business-guinea-gold-seventy-ninth-grouppull/

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 muted
There 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 10:25 by metals magnet
The recent announcement of the creation of a data room with a potential buyer looking at 5 properties is a welcome step
However this is not a move which was planned by the company
It has been forced to take this step because of the drastic drop in share price and market cap
They seem to be making it up on the hoof
If you look at all the posts and news releases up to the end of 2023 the company always proposed another placing
Unfortunately the telegram chat group has become a mutual appreciation society where people simply praise MS and JK
There are many factually incorrect poss comments have been been posted and the company has never attempted to clarify or correct them
If you criticise like me then you get muted
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 11:43 by space_dust
Ridiculous share price action, in the current market if you announce stunning results the share price falls, if you announce lousy results the share price falls.

No wonder investors are leaving AIM in droves.

However expect the unexpected, they are in talks with interested parties possibly mid caps of even majors re the licences.
Posted at 28/2/2024 20:55 by ldbart
Very confident in my investment here. Not too concerned about the current share price. I'm more interested in what the share price will be after these assays and also in two years of growth time ;-)
Posted at 23/2/2024 07:55 by one2go
Not a time to be out of this, Zig Zag drilling results imminent, almost certainly next week, telegraphed to be game changing, no wonder one individual was happy to pay a premium in yesterdays 4.5p private placing.

Share price is rock bottom.
Posted at 02/2/2024 07:28 by ldbart
Another decent RNS. Two days in a row now. Very undervalued, but that's giving 2022-23 holders a chance to lower their average. The value of our assets and the upcoming catalysts are completely misaligned to the current share price. This is because of wider global market sentiment.
First Class Metals share price data is direct from the London Stock Exchange

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