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

Member Info for Coldfeet

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Member Since: Thu, 13th Nov 2008

Number of Share Chat Posts (all time): 3,447
Number of Share Chat Posts (last 30 days): 0

Last Posted: 1 Sep '16

29 Aug '15

Evening N902,

Yes, the long-term prospects here are very blue sky.

Even with the trading model I keep recalling CC's comment that COMESA import 10m tonnes of fertiliser each year, so the 500k target set is only 5% of the total market. Didn't know that African farmers were getting ripped off by so much because they have to import all of their fertiliser.

If it works for one others will follow and whilst I doubt AFPO will secure the whole market hopefully the 500k will be just the start.

Like you I'm hoping that CC will reinvest revenue into exploring their jewel, Lac Dinga, next year. But a JV partner will be required, as you suggest, if they aim to be a producer in 3-5 years time.

24 Aug '15

The potential is indeed "mindblowing".

Especially as the 500K Mt initial target is only 5% of the the total market for COMESA countries.

Big rewards will come to the patient.

17 Aug '15

Ugh...scary for a while there, started reading the BB without logging in and saw that zero research Rockazioni again.
16 Aug '15

Yes Taff, much more amenable BB, shame really, always to the best of shares though.
16 Aug '15

Morning Taff,

Yep, ignoring them is the only option.

Have also been in from below 0.4p, because I also understood the content of the RNS.

16 Aug '15

You ask for answers and then ignore them all.

Time to ignore you, it will make the BB a bit easier.
16 Aug '15

Morning N902.

Good try, however I doubt he will understand your simple analogy.

16 Aug '15

If you don't understand the basic market economics why not DYOR and ask COMESA, George Magai may be able to help you.

Asumming you are genuinely looking for an answer that is.
10 Aug '15


Good summary of key points.

Not certain the $10bn import market relates to the COMESA countries and may be for Africa as a whole. Media report suggests that the COMESA region imports 10Mt per year.

If these figures are accurate I find this very interesting as the initial agreement is aiming for 500Kt per year, just 5% of the total market for COMESA, and CC hopes to push past this target.

If this MOU agreement becomes exclusive the potential is quite staggering.


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