Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
9:43...
What do you mean by $10-$20m ? I watched 3 times and I can't hear him say anything about his cheque book?
9 mins or so in--
https://www.youtube.com/watch?v=urgseVlGif8
youtube.com/watch?v=urgseVlGif8
I can right a cheque for $10-20m now.
79th resources look the real deal, thats an excellent interview
Who the heck is selling this morning, seems balmy given today's news of asset sales verses a circa £3m m/cap - one does wonder if there is a short position in the stock, the sector has been a rolling short for 3 years and the instigators have made a small fortune since.
The market makers have to be part of the 'game' happy to take stocks down on tiny sells/volume yet when buyers come in they close online and go all shy until the prospective purchasers move on so the status quo continues.
The shrewd will be buying nonetheless given todays update with further news to follow.
Hemlo not on the table so sunbeam or zigzag?
He thinks its a great deal
Good to see we have unresearched agenda driven fools like Panda on the board, 79th Group appear to have a complex and large group structure with funding coming from various sources and amounting to 96m euros in the near term. Historic filings on co house dont give much detail due to the business only being a few years old at present and limited filings.
I can see numerous references to scale here and they look very well funded.
‘ I wouldn't get too excited as the 79th Group doesn't look like the sort of outfit that will have the ability to pay much for the projects’.
Looks like the holding company provided security for Euro 96m loan notes recently (check companies house) so appear to have significant worth/ability to raise funds. In addition they are planning to IPO this year (see RNS) so again funds to spend
This negotiation validates FCM's business model to acquire, value add and monetise its assets.
That's what the RNS says
They are looking to IPO the resource arm and at present it doesn't look like they have enough assets to do a decent IPO.
They need some good assets that have had some proving work done.
They will IPO on the basis that the FCM assets are drill ready and that's where the cash will go.
Please explain
I wonder how many 'city types' are the wrong side of the trade following this very welcome news, it also explains why someone was happy to put in £160k via a premium placing at 4.5p a share just recently.
The shares are a gift currently given today's news, however it will be nigh impossible to buy many around current levels, the market makers will see to that !
I wouldn't get too excited as the 79th Group doesn't look like the sort of outfit that will have the ability to pay much for the projects
Jonnieboy called it 👍
Definitely looks like what they are selling is at a profit.
Would not be surprised if the bits they sell is for more than the present MC
Good chance of somthing in the morning
Exclusive interview with MS tomorrow at 9am, RNS tomorrow morning maybe ??
https://x.com/FirstClassMetal/status/1777393495864492518
Looks like it will be acquired via imetalresoirces
https://imetalresources.ca/imetal-resources-surrenders-kerrs-gold-deposit/
And share price rising. Bodes very well
Another interview coming up with Stockbox - more news due ??
https://x.com/StockBoxMedia/status/1777247380049420506
Think gold's gone up $100 at least since the Kerrs Gold news, that's a cool $38m in the ground increase.
You cannot ignore these things
Genuinely think so, the good news of the last few weeks, sorry MONTHS just does not seem to have been reflected in the share price.
$420,000 in free money from Canada , nigh on 400,000 Oz Gold in the new project, Zigzag Results-Outstanding. Premium placing at 4.5p yet you can buy at a 50% discount to the last placing still. Crazy value here. Should be double figures at least.
Is this the start of some share price recovery, well overdue, the stock is on it's knees, from 18p to current in 15 months.
Thing is it won't take much volume on the buyside to move it back up.