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I'll have to admit I'm no day trader!.
Until DB bought in I had lost faith in the board and had written my investment off.
After DB bought in I decided to average down figuring they knew more than I did.
Today I got the jitters as I entered into profit. I thought I'd give it the old 'buy low sell high tactic....
I managed to hand my share dealing account £25 in sell/buy back charges .
I now have the same amount of shares and cash as I did before my shocking attempt at day trading.
Gla
Cheers oiltap just read over Ra1 posts and wow true potential here for lot ppl make a few quid with some serious bods on board cheers again ...gla
Bobby, nah mate. This one is for real. Hope you've bought some.
Thanks Oiltap.
Took a punt on this without doing much research. Let’s see if I have made the correct call.
Percentage holding of 20 largest shareholders
86.80%
Am I reading this right?
Thanks oiltap. I know how NPV works but was wondering if, in the full scoping study, there was any consideration of whether the higher grades were mined and processed in priority or the financial model was based on a yearly average gross tonnage of the total asset and associated % conversion. Hence, the question of accelerated cash-in part of the NPV calcs.
278 posts today and counting. Long term sufferers will remember when it might have been a couple of posts on the old FCR board one complaining about Justin Tooth and the other... well probably also complaining about Justin Tooth.
Wow! Just wow! Congrats to the long term sufferers and new holders either now in profit or considerably less exposed. What happens next? I think dilution is out of the question at these (still) levels as DB will either block or have some consideration preventing such action and may assist in some other financing instrument - low risk of placing currently. Toral sale? Quite likely but I think offers may be kicked into the long grass until we get the assay / met results. I expect to see an increase in JORC and especially the high grade switch to indicated. This in turn will drive a higher NPV. Now, here’s where I’m a little lost as I’m on holiday and struggling with any kind of digital access - in the full ss, I remember seeing the capex, opex and revenue schedule (year by year), if they can mine the increased high grade area quicker, this will compound the effect on both NPV and IRR. Learned friends please help on this point. Anyway, this only leaves one option of what happens next - continued SP increase until we hear any of the above. Again, congrats to all and thanks to the regular posters who continued being positive when it was on it’s arse!
Haha, when LR took over from that lunatic I was so hopeful and ploughed all that I had at the time into the story. Then the debacle over the SS and the ASX restrictions really messed up that plan. Like Applegarth (who I think was also around back then), I thought we'd lift from the 0.16-0.17 trading range and fly on the proving up of the asset. Move forward a hard year, with very dark thoughts.........and now look. A possibility of moving past the TP valuation of 0.095 and beyond, back to that original trading range and dare we hope, much higher on assay and ;daughter' results.
When you have that back-story and add in the brilliant research by RA1, it does make a compelling case to buy in, hold, then reap the anticipated rewards.
Definitely going to be profit takers from the day/weekly traders . However those of us who have been in from the start (now grey hair or no hair at all !!) will be hoping for that silver lined cloud or the gold at the end of the rainbow . So nice that this board is so full of positives . Justin Tooth ? Who was he ? Could this share reach 10p ? retirement beckons if it does GLA
Liirle red, and here's me thinking i,m doing well with 71.5m
Terrier,
Absolutely fantastic day. this and IDE both in top risers of the day so my Portfolio is looking good and cash to spend after slicing 2.5m of this share.
Just put 6k order in thanks sellers I'le take them all .... Gla
Blimey, 2 years ago - it seems longer! Being stuck so far behind the 8-ball has soured my mind hahaha.........but no longer. Blue skies ahead. Role ion the assay results and JV/buy-out.
It's my target also sometime next week (unless news tomorrow)
https://www.proactiveinvestors.co.uk/companies/news/307526/zak-mir-ferrum-crescent-can-rally-once-resistance-line-is-cleared-7526.html
Junior miner Ferrum Crescent (FCR)(now EUZ) can almost double to 0.2p if it can break through its 50-day moving average of 0.13p believes technical analyst Zak Mir
Unfortunately this is a fact of life on AIM....
These people are not investors, they are just trying to grab a few hundred pounds and they are out. I'm not saying that they are wrong, a profit is only a profit when it's taken, but they would benefit greatly from taking a longer view occasionally.
I fear, despite saying I wouldn't, that I may have to have another 'small' top-up :)
People just panicking out, short lived drop imo
Time to add.
Push through 0.07 tomorrow ..
GLE
Exactly gizzards but the fools still give them their shares
Just done another top of 1 grands worth naughtt not too
I see, so they charge a premium over the ask and drop the bid, clever tricks.