Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Do we know when news will be coming ?
Some results out soon, looking good here slowly rising. Nice, get in now folks if you want a slice of titanium pie!.
Don't know what's going on but keeps going up nicely. Nice and slow keeps us off the radar.
Any ideas as to what's happening ?
some proper trades lately good to see. used to be one trade a week at best.
in as many months, cant wait to see what the next results are like...
...
"Worst of Commodity Rout Over as Volatility Eases, ANZ Says" http://www.bloomberg.com/news/articles/2016-03-11/worst-of-commodity-rout-seen-over-as-volatility-eases-anz-says Perhaps enough mines have been shut around the world to make it possible to break even on ilmenite again? If so, FAM certainly timed this very well!
This company impresses me more and more. These are no city cronies sharing out the company for a song to the insiders. A CASH placing at market price must be a world’s first for AIM!! The the market of course likes it. UP 10% from yesterday now!
Placing at current sp. No discount, although thought we were funded fairly well. Better placing than most aim do. Shouldn't see a drop.
Help the share price? With the info we have today the share is in my opinion fully priced and doesn't need any help. Mkt.cap. at 2p 296m shares is currently near £6m and after the share issue we all are waiting for £8.6m. Without any resource data I cannot see why the total value should be any higher. Listing on even 10 stock exchanges would not increase the company’s value. Additional listings are not cheap. My initial reaction is that this dual listing is disappointing. It shows that the management is focusing on the share price when they should be focusing 100% on mining.
Might help the European investor but will it help the s.p.?
Today's important points (in my view): 1) GEUS are completing the initial metallurgical test work designed to produce a representative concentrate for Pituffik. Updates on this aspect will be forthcoming in the next few months. 2) SRK Exploration Services Limited will provide a Competent Person for the mineral resource estimation. 3) FAM are focussed on the timelines to production and will shortly define these once the critical path is scheduled. They are seriously focussed as as always!
Upward trajectory here now.
Here is a very interesting TiO2 mining project in Engebo in Norway about mining rutile instead of ilmenite, owned by Nordic Mining ASA, Norway, a quoted company with shareprices etc. here: http://www.netfonds.no/quotes/ppaper.php?paper=NOM.OAX click the English flag. Current market cap is around £20m, like FAM they also have other resource and projects but don’t produce anything yet. http://www.nordicmining.com/getfile.php/Bilder/Operations/Engeb%C3%B8/Engeb%C3%B8%20Engelsk/Presentasjoner/Engeb%C3%B8%20project%20presentation.pdf A bit dated perhaps, from 2013, with a somewhat unrealistic market prices and assumptions. E.g. they say “shortage in worldwide rutile supply” when in fact rutile mining is shutting down worldwide due to low TiO2 prices. On page 5 of the report Nordic Mining places Engebo resources on top of all resources in the world in terms of grade with 3.77% TiO2 average grade. I wonder where FAM’s resources will be. JORC inferred resources say equivalent to 6 mill. ton pure Tio2 and with 100,000 ton / annum TiO2 mining the prod. Life estimate is 60 years. Engebo’s capex to start the mining (deep mining) was estimated to USD 300 mill in 2013, a . This is where FAM has an advantage. No mine, crushing, dry and wet processing, only build infrastructure, some scoop up and ship. Engebo is only 1.5 days shipping away from main buyers in UK, Belgium and Netherlands whereas FAM’s beach in Thule is 8 days sailing from the same buyers. Here is their webpage for rutil http://www.nordicmining.com/engebo-rutile/category317.html With their capex for deep mining, milling and separation on site I think they will struggle in spite of closeness to market and high grade TiO2. I look forward to the publication of the comparable data for Pituffik.
http://www.*****************/finnaust-mining-plc-md-rod-mcillree-game-changing-volumes-at-pituffik-titnaium-project/
Radar company that has done extremely well over last couple of months. They sound rather excited about the initial surveys.
http://www.geus.dk/DK/publications/geol-survey-dk-gl-map/Documents/nr2.pdf
9k buy
Lots to come here. Read the recent rns's.
However, this is proof that good companies shine through
Titanium coming soon
a bitta movement there.
Coming in next few weeks. Chance while cheap.