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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I think we'll get the first batch of results this month. They aren't messing around with the drilling.
Will be loading up more this week before this gets on the herd radar and leaves the harbour.
I'm early stage research here so forgive if this query is a little misguided; are FRG planning to produce before confirmed resource size?
any clarification appreciated
S West - Yes Neil Herbert puts a strong case forward for FRG, he won’t do that lightly being on the ALL board, Jim Mellon took the FRG IPO too.
At £11m market cap, well funded & debt secured already for first cash flows this could surprise a few.
I bought a few times at 13.1p.
GL
Hit my radar, opening a position monday
Familiar with Mr Herbert.
Big into ALL formally IRR for some years so this feels familier.
Will reserve further comment, early stage, let's see what unfolds
This is an interesting one. Will shift some cash in first thing Monday.
Portfolio of projects in Côte d'Ivoire including the flagship Atex Lithium-Tantalum Project, which has a lithium exploration licence already in place - 2021 grab samples indicate high-grade lithium oxide (up to 4.91%) and tantalum (up to 1,610 ppm).
Global average is ~0.9%
Hi all, does anyone have any reservations on the relatively small lithium area vs competitors? Tantalum seems sensible though and v expensive to buy...
A lot of the Lith stocks have held up well, although some have had very positive RNS's recently, which has helped too.
On a different note. Within this discord there is a dedicated FireRing chat section. Just click the link.
Its getting more active, which is good to see as I feel this stock is very much under the radar still.
https://discord.gg/yqfV9mw47M
Added today
Lithium very strong - added more
Yes, all the trades around 13.10-13.15 were buys. I took some more here too. MMs playing some strange games with this one and no doubt some mammoths are loading this one up. 11mcap, funded and with Atlantic Lithium guy on board.
So under the radar and what a multi-bagger we have in store here.
Still can't believe how cheap this is! Next few weeks are going to be good.
Ground floor entry, hot commodity, good management with skin in the game, Jim Mellon invested, £11m market cap, ~£3.5m cash, debt secured for first production, comparisons to ALL assets (they are ~£200m market cap)
This will re-rate soon.
I noticed that earlier. Clear buying.
Note: larger trades of the day are all buys displayed as sells !!
Moving higher each day and strong volume continues. Think we'll churn through this early next week and see a considerable rise.
Took some more.
30mil shares in issue and decent volumes past few days. Any sellers down here will be cleared very soon and this then moves quickly. 11mil mcap and once the results our out I can see a few bags this year as it progresses.
I’ve taken a few today too. I know it’s currently being actively promoted by a few accounts including Burton, normally I avoid, but in this case I think it’s a decent entry point and worth a punt.
Took a few 100k after some dd, will also be adding more.
All things being equal (being realistic) we could 10 bag over 18-24 months. No dilution until value realized and production proven is very attractive at todays SP
This news is now being digested in several large Telegram groups.
https://total-market-solutions.com/2022/01/firering-strategic-minerals-january-2022/
I can see 20p+ by the end of this month. People know there are serious multi-bags to be made from lithium shares with a proven management team. Lithium price only going up and thousands more are going to sniff this out very soon.
No lithium plays around as cheap as this and with a strong management team that has experience in the region.
On top of that, results are due Q1 which will give us some significant and positive early indications regarding the lithium project.
Many are waking up to this now like BHL.
Ridiculously cheap, but won't be for much longer.
FRG Podcast interview with BOD
“…One project. Two critical elements. Firering is well established with the coltan project progressing towards production…”
https://total-market-solutions.com/2022/01/firering-strategic-minerals-january-2022/
Worth a watch
https://youtu.be/0i1PkEWmsXk