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Forte Energy Share Chat (FTE)



Share Price: 0.115Bid: 0.11Ask: 0.12Change: 0.00 (0.00%)No Movement on Forte Energy
Spread: 0.01Spread as %: 9.09%Open: 0.115High: 0.115Low: 0.105Yesterday’s Close: 0.115


Share Discussion for Forte Energy (FTE)


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Frank_The_Tank
Posts: 1,532
Off Topic
Opinion:No Opinion
Price:0.12
View Thread (5)
RE: Afternoon guys
Wed 18:36
g-w, there comes a point mate where enough is enough and this sp has been battered down continuously for too long and is well overdue a retrace IMO - I guess only time will tell and it's only about 25% of my overall portfolio so can afford to lose it if the worst happens (i.e. we go bust, which is v unlikely IMO!) :-)

Cheers for your concern though, hope CRND comes good soon as I have a lot tied up there too!
 
Armflick
Posts: 1,737
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.12
View Thread (3)
RE: Darwin and FTE
Wed 18:02
Thanks bud,

We need to attract a glut of holders here to get shares out of circulation. Everyone has their own startegy and i have no problem with traders. Just need some good news flow and investors to nestle in and things will start to look better.
MadScot2
Posts: 97
Observation
Opinion:Strong Buy
Price:0.12
View Thread (3)
RE: Darwin and FTE
Wed 17:30
That's a wonderful summary AF.
Certainly it would be a great vote of confidence if our existing major shareholders were to put their hands in their pockets but Areva don't seem to be too willing at the minute and it may well be Darwin who put their hands up. Or of course the Asian sources mentioned in the 19th Nov RNS. Hope we don't have too long to wait for news on funding and other issues.
MS2
Armflick
Posts: 1,737
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.12
ft
Wed 17:17
Armflick
Posts: 1,737
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.12
View Thread (3)
Darwin and FTE
Wed 16:59
Talking of Darwin, and remembering I do not like the way operate one bit!

When fte found this Slovakian asset the sector was on its arse (and still is), No-one would financially support the BOD to proceed with the purchase, No investors on the side lines waiting to jump as a white knight to help and that left us with options limited if we were to proceed to purchase the project/JV.

Its very easy to sit and type that Darwin are bad, and also easy to write about what a great and valuable asset we now have. However, it would not have happened had the BOD not taken the only option left to raise the money required to proceed and got Darwin on board! We should really thank them for their part in lending the money!! After all it was the previous debt from the eff that mainly screwed us over on conversion.

Looking forward its clear further investment/funding will be required and investors need to prepare themselves for that fact, dilution is a necessity to raise money when a company needs to grow, the ratio of asset value to dilution needs to stack up and im sure with the projected npv from Slovakia it does just that. Now where/who the money comes from actually doesn’t matter, Asian investors, Brokers, and actually even Darwin if the terms are good. It will most likely come in the form of a CLN anyway no matter where from. What we really need is for our major shareholders to stump up but with the market in turmoil still and the uranium sectors grass roots still only fledglings I just cant see it yet! Although I’m very confident that the whole nuclear industry is going to rebound in 2015 (boosted by the re-election of Shinzo Abe) and significant non dilutory investment will start to flow!!

If you looking to for a quick buck you may make it on an upgrade announcement if you quick and lucky, however this should be a great medium term hold here from this level as activities in Slovakia start to ramp up towards eventual production.

The BOD have managed to keep this going on a shoe string and managed to purchase a project with an NPV of £276 million (This will be need recalculated once JORC upgrade is complete and using current prices) for £4 million.

Hats off I say!
MadScot2
Posts: 97
Observation
Opinion:Strong Buy
Price:0.12
View Thread (5)
RE: Has Darwin gone or is he still
Wed 16:31
I think it's fair to say that Darwin got the better of the recent deal. However that is probably down to pretty shrewd negotiation on their part. I have no idea if we ever intend to get involved with Darwin again but they are certainly 1-0 up at half time. We may have to wait a long time for the equaliser but I hope comes!!
Armflick
Posts: 1,737
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.12
View Thread (5)
RE: Has Darwin gone or is he still
Wed 16:09
No, I'm sure the directors would have to call an egm to issue more shares!

Darwin have converted all shares previously agreed! No debt left to convert into shares at the moment! So no shares available to sell onto the market!

Shares will have to issued however at some point to progress this project towards production! But as MS said earlier, that's ok as long as the money IS used for progress!!
puphead
Posts: 167
Off Topic
Opinion:No Opinion
Price:0.12
View Thread (5)
RE: Has Darwin gone or is he still
Wed 16:03
Thanks, this is what I recall as well but am I right in thinking it doesn't restrict BOD from issuing more shares to Darwin whenever they feel necesary to do it for the next 3 years?
Armflick
Posts: 1,737
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.12
View Thread (5)
RE: Has Darwin gone or is he still
Wed 15:50
Darwin has also advised that on competition of the above transactions, they currently do not have a
beneficial interest in any shares in Forte Energy.

Cln rns a couple of week ago!!

Darwin currently have no shares in FTE!





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