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good call on fam, pxog and star
better be quick rev
Shhhhhhhh big mouth lol trying to get a good entry AM tomoz
for tomorow, huge movement on small trades??
nice.
back up again then
Back to a penny again. Hate aim makes no sense.
Has moved this so much all of a sudden on not many buys or trades at all, mm just playing games?
"very large and unusually pure" titanium occurrence, with work to date indicating the project could be in the top percentile of heavy mineral grade projects worldwide, said FinnAust.
wow moving again and news due on Greenland and dont forgrt the 2P Placing
with day traders out a premium is now recquired and buyers taking what they can get in a very tightly held stock
moving on tiny buys as day traders are long gone
fast and im not in the least surprised day traders gone now the real rise can begin
premium buy 2 kick off the days says it all really just a case of when 2p blows north.imho
is good enough for me and should be for investors anything else is just bad blood
He says: “the only transaction that has actually occurred at this point in time is the £200,000 raising that is at 2p” That is not strictly true as they said last week: “The Placing [i.e. the 2p placing] is conditional on, inter alia, the Bluejay Acquisition”, and that is to be approved on Christmas Eve.
FinnAust Mining Plc ORD 2P: Share price clarification Posted by: Amilia Stone 14th December 2015 FinnAust Mining Plc ORD 2P (LON:FAM) Managing Director Roderick McIllree caught up with DirectorsTalk for an exclusive interview to discuss the completion of the Pituffik acquisition and to clarify the share price confusion Q1: Good to have you back again! Great results this week with the completion of the acquisition of Pituffik, can you tell us a bit about the process that we can expect from here? A1: Look it has been a good week, it’s been a long time coming and one of the things I guess we are very conversant of the patience of the shareholder through the last 6 month period. This transaction has been complicated I guess by a number of regulatory hurdles that needed to be managed but just to have closure on the transaction before the end of the year is something that gives everyone a bit of peace I think. We’ve got the general meeting at the end of the year to ratify the issue, we have put this whole transaction to shareholders, one of the key aspects that FinnAust shareholders will notice in the future is that they will have a say in everything that we do so all of these types of transactions even though it hasn’t been completed yet. We recommend that our shareholders come along, meet me and meet the team on the 24th December at 9am, I know it’s a difficult time for many but we’d welcome any shareholders that felt compelled to come along. Q2: There seems to be a bit of confusion regarding the share price issues, can you elaborate for shareholders? A2: I think it’s probably more to do with the fact that we seem to have done 2 transactions at different share prices. Now, the only transaction that has actually occurred at this point in time is the £200,000 raising that is at 2p, the actual transaction to purchase the Pituffik project is subject to shareholder approval at the general meeting at the end of the years so if shareholders don’t want this to happen then they can vote against it. There seems to be some confusion that there is stock being issued I think at .6 and potentially being sold at 1.5, I can assure you that is not happening because that stock hasn’t even been issues yet so that’s probably where the confusion is coming from. Q3: You’ve mentioned that you have a new strategy for FinnAust Mining Plc ORD 2P, something that you think will set you apart from other exploration companies, how best can shareholders understand this and communicate with you should they wish? A3: It’s one of these things that I think in a world of just a whole heap of trees, one really needs to stand out to attract not just investor attention but capital to conduct their businesses. I have taken the view, and it’s something I’m implementing in the team at the moment, that shareholders at all times should be commu
buying suddenly as buyers see the valeu of a 2p placing.no brainer
nice entry point for somebody
Will they just ship the ilmenite-rich sand away for sale or refining in existing ore processing plants elsewhere in the world? Surely it will be too expensive (and take too long) to build any refining processes in Greenland? Does anybody know?
Shard Stockbrokers ‏@ShardSB 2m2 minutes ago Finnaust explains new corporate direction and acquisition https://www.shardcapitalstockbrokers.com/news/628-finnaust-explains-new-corporate-direction-and-acquisition#.Vm6h_oVu6bQ.twitter
http://www.proactiveinvestors.com/companies/news/120254/finnaust-mining-skyrockets-on-titanium-project-deal-120254.html FinnAust Mining shares skyrocketed over 195% on Wednesday as it revealed it was set to buy a titanium project in Greenland as it turns attention to high growth opportunities. The group also announced a boardroom reshuffle and a placing to raise £200,000. "Work programmes are being prepared, with updates expected in the new year, focused on the singular goal of generating cash flow from what is a relatively simple yet high value opportunity to create a company capable of self-funding exploration and development opportunities." In addition, Graham Marshall becomes non-exec chairman and Daniel Lougher becomes non-exec director. The placing saw the group issue 10mln new shares to major shareholder Western Areas and Bluejay Placees. Shares in FinnAust added 195% to 1.625p.
Western Areas Reports Increased Full Year Profits and Dividends http://uk.reuters.com/article/idUKnCCN2lDkkH+1c9+MKW20150820
Western Areas Ltd shares jump higher as profit surges http://www.fool.com.au/2015/08/21/western-areas-ltd-shares-jump-higher-as-profit-surges/
Western Areas Ltd profit jumps 774%: http://www.fool.com.au/2015/02/19/western-areas-ltd-profit-jumps-774-should-you-buy/