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given that so many new shares have been issued. Makes me think that... 1) Given the low MC and active exploration programme, flippers think they can get more than just 10-15%, so are willing to hold for longer than there normal few seconds post placing. 2) Maybe more shares went to stickier share holders than we imagined.... Interesting to see volume over the next 2 days or so....
M2 is 1 of few results to come. I'm in that too, disappointed dropped to just 20 percent gain. Plan to take profits from there and pump it in here in the near future closer to news flow. Potential to multiply higher here due to 2 mill market cap comparison imo. FCR Lets get on with it now
Thats like 1/10th of what this potential should be. Watch this grow gradually until more positive news.
Thats like 1/10th of what this potential should be. Watch this grow gradually until more positive news.
I make that just under 150m buys with under 50m sells. Could be wrong - the last 8m trade could be a limit order that went through who knows, but did it as a sell just in case. In a few weeks the placing should be fine fingers crossed
Either way its rising, no surprise there lol
Buy price was 0.066 before the 0.0685 buy went through. MMs making the rest look as sales. Which they aren't
Looking good, can sell at 0.0655 and buy at 0.067 so it’s tightening up and will be let loose just like after the placing was announced and it was 0.065 to buy then it boomed to 0.1 very quick so it will do the same over the next few weeks imo
Now's the time to get in for the short, medium, longer term gains. Cheapest SP your going to get, and the only way is up with all the potentially great news flow anticipated. All the previous negative c**p of not having the cash, poor management etc is obviously obsolete. No excuses now, FCR is now EUZ. Topped up again DYOR
Very wise buys I must say and at a price i wasn't expecting considering we hit 0.1 after the placing news and were strong. Its now 0.0669 for up to 7.5m shares and slowly increases to 0.0675 for a maximum of 10m shares, above that is NT. You got a phenomenal price I must say! This will all look cheap once work on the ground starts ;-)
I've taken 30,000,000 at .065, the offer has just started to move a little now too. Locked in till 2019 when I suspect the SP will have yielded slightly more than my savings account's 0.5% ..... A fine job the government is doing at encouraging us to save for a rainy day.
And its only 10am :-)
*opportunity
I doubt you will ever get an apportunity at this price again it must be said!
To buy up to 16 million shares, anything above 16m is NT which is odd
Correct, one of them is my top up. cannot sell so most are buys imo.
.......same price. Looks like the sea of reds have a lot of buys there too. Silly data suppliers.
Got the money, got a mine. Got happy investors. Let's see this lift and rise over the next month. Then see a massive rise by the end of the year.
Don't care more shares in issue everyone does it, and there will be no consolidation for few years yet since we've got enough money. happy days and All systems go. plenty of potentially great news to come, from scoping study, more tonnage from the extended strike on our already Huge asset etc... A lot to look forward to and from a starting point of a minimal market cap, potentially will make me rich. Top up time DYOR
Thanks Martina...the point I was trying to make is that even though dilution has taken place....there is still excellent value to be had.
I shudnt bother trying to work out any numbers at this stage Bricks. They are largely meaningless , as at the end of the day, a Company is only worth wot somebody else is prepared to pay for it - and that is a complete unknown. The only thing we really know, is that if management pull it off, it is currently ludicrously undervalued. I worked out that the net annual profit , per share, per annum over a 10 year mine life (including all production costs @ 1500/tonne) is 7.7p per share per annum, which gives an idea of the "Special Dividends" which may eventually be paid). That is a purely hypothetical number however, as there are many other variables you could input, which we don't have the answer to at this point in time. It all comes down to Management and their ability to pull it off. Ed Nealon, Tom Revy and JT cudnt do it. Lets see if LR & CB & MC CAN. IMHO DYOR.
I, like Quindell am now quietly optimistic here, given the "New" management and a decent chunk of cash in the bank. It's going to take time, but most of the ridiculous overheads have now gone and SA is fully closed down (despite the continued JSE listing ?). I still think that this has the potential to be a World-Class Mine, and, with a lot of luck (impt) and the right JV partner this could well happen. Alternatively, they may well saell it on, after the Scoping, or Feasibility Study and move on. I'd expect a share price consolidation at some point too. 5 Billion shs in issue is too many and the SP is a silly level. (1:100 perhaps ?, who knows)). Perhaps after that we may see something like BZT being reversed into FCR, if they manage to well their Mankayan Copper Depositt for cash - It's the same BOD after all and would reduce Admin Expenses. Chance to make good medium term money here (2-3 years), but I'd wait until after the Consolidation before buying back in, as these things tend not to go down too well. All views my own - I haven't spoken to the Company for 6 months. IMHO. DYOR. GLA>
Can anyone help me with this ?? Here is an estimation based on previous details I have gleened from this discussion board. 1 608 000 000 Zinc value 1 080 000 000 Lead Value 221 000 000 Silver value 2 909 000 000 Estimated Total value 4 849 757 667 total shares issued Potential value per share 0.59 Assuming USD in above.
I'm bullish on the future with this cash - they have proven they can do a lot with practically peanuts so �1m is quite the war chest to create something significant here. Regardless the SP is silly as everyone knows!
@ Bobby....was there really an alternative for a startup mine to raise additional capital ? This was very predicable imho.