Just bumping along the bottom aimlessly after losing 85% of its value since flotation. Better value - no just a dead duck! |
I guess a greater paper loss now hopefully turning up at some point in the future |
Cheaper or better value? |
Getting cheaper |
Did you listen to the Investor Meet this morning? It was very impressive. They have a significant investor partner (metalX), a successful round of funding from the market and very good prelims from test sites. We are sitting pretty, keep your patience on this one. There may not be opportunities to get in at such a low price this time next year. |
Beginning to alas look like one of those AIM lifestyle companies this. I do hold but am regretting it to be honest. |
The fund rasining of nearly 30% is basically for yet more Feasibility Studies and not to actually get anything out of the ground.
Typical exploration company, only seems to be interested in spending valuable cash on continually trying to find a bigger and bigger resourse under the ground rather then as soon as finding the initial resource to then get this initial resource out of the ground to provide an income which can be used for further exploration. |
Sorry..should have typed £0.06 |
Nearly had a heart attack there. Fortunately the placing's actually at 6p (£0.06). Worrying how often people on a financial bulletin board get this wrong. |
And ANOTHER placing at 0.06p |
Strange behaviour unless the large buys are large sells ?? |
2 more large trades this am, 250k shares at 7.4 and 65k at 7.7. The spread remains at 7/7.5, but for how long..... |
95,000 UT @7.7 this am - Anyone have any insights on these identical trades? |
Things could about to get interesting here! |
Sparta AG hold 3.66%....
Sparta AG is a financial management company. The Company invests in companies in Germany, Switzerland, and Austria and emphasizes valuation criteria. Sparta's investments are made in public listed companies with focus on special situations such as takeovers, change in control, spin-offs etc. |
95,000 UT @7.6 this am - this is the highest intra-day trade since June 2023 and bodes well for all holders. |
The total value of the last 3 buys from the RNS' above is c£100K, whilst pleasing and confidence building I do not consider that we have a stalking horse in the background.
It's more a case of those in the know taking advantage of the low share price currently, as we all should be doing. |
And Metals X now buying more !! |
HhmmStarting to think that Metals X now with 22.6%, Baker Steel with 14% and Arlington increasing now through 10%, that this may be set for a potential low ball offer ......NRI (lol)Thoughts anyone ? |
Very decent new largest shareholder on board now |
Why don't First Tin report how much they raised after Expenses, which is also very important for a share holder to know. |
 The placing is conditional, as not yet approved by shareholders at the upcoming General Meeting on 29/074/24.
This is the reason for the placement:
"Reasons for the Placing and Use of Proceeds
· Following the successful completion of a Definitive Feasibility Study at the Company's Taronga project in Australia, which highlighted the low capex, low risk and high margin credentials of the project, the Company is now progressing its operational strategy while concurrently advancing its financing and off-take discussions for the next phase of development at Taronga."
Metal X (ASX:MLX) snapped all of the 60m shares immediately!
Metals X Chairman Peter Gunzburg commented:
"We are delighted to make a strategic investment in First Tin PLC and look forward to working closely together. The combination of Metals X's operating and financial capabilities with First Tin's exciting and late stage development assets should be of significant benefit to all stakeholders."
Additionally, Clara Resources LTD have also taken a significant holding in First Tin.
Th drop in share price this morning should soon be reversed, as those in the know have opened their purses very wide on this one. |
And a placement to raise £2.1M completed @4p .... |
Tin through $34KSurely through $35K in the next week or so:#Tin price: 34200 (+272, +0.80%)7:26am London $Tin metal.com/Tin/LME_SN_3M |
Taronga Mines Pty Ltd has consolidated its tenement holdings in the Taronga district by acquiring an additional licence, EL 9200, and has confirmed and extended the tin in soil anomaly at nearby Pound Flat |
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