The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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As am I Goolang.
Keeping an eye
Currently FRG seems unramped if I'm honest. You can see this by the low number of daily trades which takes place.
It has a long way to go, but thats also why the Mcap is so low. Risk v Reward.
Neil Herbet brings experience to the company but thats both good and bad. He is involved heavily with, The Ugly, HE1 has had a horrid time, The Bad, Prem is picking up but make no mistake a aweful lot of dilutions took place there, so not a bad company but badly managed for holders and The Good, Atlantic Lith. JV in place and looking good.
I agree dan
I’ve been buying last few days, tug off war with the seller… I don’t think it’s getting ramped, it’s just at a point price wise where it makes sense to buy, sub ipo which was at 13p and everything I’m reading in the rns and interviews is indicating a much bigger asset than originally anticipated… with lithium up over 500% in the last year, means more value and better margins… could be wrong hey…
I am keeping away from FRG for now. Watching. Alot to prove, i agree.
Ramping Frg on twitter. In my experience it’s a recipe for price decline. Once price drops they all crawl back under their rock. At which time the best entry presents itself but even then as far as Frg is concerned there is a massive journey ahead with a lot to prove and a lot that can go wrong. High risk high reward for the long term investor.
“…The project is exceeding all expectations…it could well compete with some of the bigger lithium projects out there today…this is very exciting…”
https://total-market-solutions.com/2022/02/firering-strategic-minerals-feb-2022/
FireRing is at this stage a Coltan explorer which also has Lith potential. Both are in the process of getting shored up details wise via drilling and Coltan assays which are due back in Q1.
Within Cote, they can use 70 tonnes to export as samples. The company has stated openly that it plans to create a small plant in 18months to export Coltan under samples allocation raising some cash for further works. A larger plant is then planned.
Yea chat can be slow on here but sure it will get going as the stock becomes more well known.
In the mean there is some good balanced convos taking place on the TM Discord in the FireRing Chan.
Anyones welcome to join if they want.
https://discord.gg/yqfV9mw47M
Good location, or bad? ALL near Port in sth, great location. The Li frg c. 900km up in the North, no?
Not deramp or negative, happy to debate or be corrected
I’m watching this one, just keen to understand FRGs relative area vs others. Eg vs ALL it looks as if Atex area is around 1/10th of ALL re lithium. However we have lots of area for tantalum and niobium. In theory could FRG also mine for lithium in these areas too or restricted to tantalum and niobium?
Well, it is early days. Geographically we are in a good position, with good transport infrastructure and mining traditions. In the south of the country there is Atlantic Lithium, and to the north of us, across the border in Mali, there is Kodal's Bougouni Lithium Project. FRG has the management and resources to move fast, as can be seen from the news so far.
Surprised at the lack of chat on this board.Promising share I have high hopes for this one.
Excellent RNS and with neighbour Atlantic Lithium’s announcement today, this is a share to buy and hold for a great future.
Firering today announces that further mapping by SEMS Exploration on and around Spodumene Hill at Firering's flagship Atex Project in Côte d'Ivoire has identified additional pegmatite outcrops as well as more lithium-bearing pegmatite float, allowing for the fast-tracking of a diamond drilling programme.
“…These are very early days for Firering, but this is a new start up that small cap natural resources investors interested in backing the strategic metals mega trend might want to add to their watchlists…”
https://total-market-solutions.com/2022/02/firering-strategic-minerals-plc/
Good answer. Thank you.
I'm a potential investor. Next question, the other commod, the one noones heard of, how do they produce without a confirmed resource size. Thanks
There are other miners in the Ivory Coast who operate successfully.
swest42, there is a major international railway line running from the coast right through the north of the country. The road network is also good. Côte d'Ivoire has been, and is, investing heavily in its transport infrastructure. I don't think transport will be a problem here.
“Same mineralised body” as ALL 1:10 in the video below
From the ALL Chairman, that’s significant for a £11m market cap.
https://m.youtube.com/watch?v=hbW7IbRfs6k
Read processing plant
C. 900km distance to port. Difficult ESG credentials, large lorry journies are out. unless pressing plant on site with associated capex. No ESG no large funds will invest.
Close to Liberia
One thing finding some possible Li, executing a mine another. Far from clear cut here. Balance needed.
Really do think this is a rare opportunity for us common folk to get in at the same level as the IPO investors haha. Am taking more today and tucking them away.
Pleased that I loaded up yesterday below 13p. There is a lot to look forward to here. Lithium is one of the spaces to be in that's for sure, as has been seen from Bradda Head and the SP is creeping up nicely.
Hoping it doesn’t rocket before the 15th tbh so i can get a little funds in when i get paid