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Share Views - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects Watch here

Share Views Episode 13 - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects

Member Info for Orientfrance

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Member Since: Thu, 28th Apr 2011

Number of Share Chat Posts (all time): 1,619
Number of Share Chat Posts (last 30 days): 29

Last Posted: Today 13:46

Post Distribution over the last 30 days

Today 13:46

64.8p just been paid!
Fri 10:02

Yep, having another go at it again today. 29.7p paid so squeezing up nicely.
Thu 20:23

There must be questions though about why it has taken so long to address these preconditions. If they were set at the time of the LOI (?April/June) then what has been the hold up? Is it one specific item or a number? Any ideas on that GS?
Thu 19:57

Are you saying SFU is a paid ramper??
Thu 19:50

Yes, that's the problem in a nutshell I think. MJ cannot put enough pressure on the financiers because it all has to go through Yantai. He can push at Yantai but that's not the same as being able to confront the financiers direct.
Thu 19:44

From RNS June 6th:-
"Accordingly, in February 2016, PenMin produced a feasibility study for the Matala project which addressed all of Xinhai's requirements, following which all parties signed a Letter of Intent for the provision of up to US$14.4 million of financing for the Design, Build and Operation of a proposed 400,000 tonne per annum mine, expected to produce circa 33,000 oz Au per annum, with a net present value for the project (at a 10% discount rate) of US$28.6 million and an estimated internal rate of return (IRR) of 52%"
Thu 19:29

All details are in the RNS of 13th April 2016. Yantai were never going to fund directly. The problem has been, in my opinion, that the actual financing is much more closer towards China central government coffers and therefore more tied up with red tape and difficult to get at in terms of information.
Thu 18:12

Still need that final permit from Ecuador. When that lands then off we go.
Thu 18:00

I didn't get that quite right.

An opinion would be "I don't think there is a deal"
Fact would be "As far as we know there is no deal"

Thu 17:50

Not quite sure what you couldn't understand. What was said was;-
""There is no deal struck with the Chinese that need the finer points going over......NONE!"
This implies that there is no deal IN PRINCIPLE which is being worked upon. That may or may not be so but it is not something we know about and therefore cannot be posted as "FACT". If it had been said that 'we know of no deal, actual or in principle' then that's fine with me because it is an opinion. (You yourself use the phrase 'it's logical to conclude' and once again that's just fine with me because it conditions the staement by leaving open the possibility of your logic being wrong, if you get my point)
Trust that clarifies matters.

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