The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Nice find BurtonD
I didn't know that Ricca had a connection with (AU) Lake Resources via Stuart Crowe.
It should be easy for Ricca to find private investors to fund Firering project, with all this connection in the Australian market...
Yes 2023 coming with no share dilution and lots of positive milestones to reach and news to the market, just wondering if once nearing DFS Firering market cap won't be x10 today £9.5 mil.
Next imminent news should be receiving $1million from Ricca, then drill essay which could be mesmerising in grade and thickness.
Should be weeks away....
Was thinking to trade this but glad I didn't, too small price and relative large spread.
Also today rise confirms investors here are willing to push this to its right deserved value, wouldn't like have to buy back at higher price but may sell some once above 20p.
For now have bought more yesterday after small retrace at 10.80.
DYOR
Podcast interview...
“…The amazing thing is this deal has been done even before we announce the assay results. The credibility of the project has increased significantly…”
https://total-market-solutions.com/2022/11/firering-strategic-minerals-plc-nov-2022/
bankrupty
exactly my thinking but didn't managed to express it correctly.
In short... Ricca is valuing 50% of Atex project only and only at DFS stage for potentially $19 millions .
This means that the other 50% in Firering possession is another $19 millions...
More over Firering had some £4million in cash meaning that its sp without including other licenses should be around 24p.
I am sure we will go past that, awaiting drilling essay and more news flow on more drilling campaign.
Anyone on when Ricca will be quoted?
They own us $1 million within 1 week time from now.....lol
Correct, my bad sorry Bank. Just makes it even more appealing, assays next...
No Kalasin50....please read the RNS again! They intend to buy it out to 100%!
Only the JV is possibly 50/50, 23% of atex project is owned by a third party so 38.5% each
Let's look at ALL....(approximate and conceptual only)......Piedmont invested roughly £100k to get 50% of their flagship project to DFS and paying most of the startup mine costs....so the market cap is double that and today a bit more on results...! And it's very undevalued....some say by a factor of 7+
Here RICCA is investing maybe £18k or a bit more to get the 77% to 100% and take 50%..get us to DFS and pay 50% of the start up mine costs
So our market cap could be realistically at least £18k?? as of now and undervalued by a factor of 3?....dependent on results!
This is only a concept but I feel easily we shoul be 18p now!
IMV the market is totally missing the magnitude of today news.
On a metrics of cash FRG has just been promised 50% of free cash for mining activities by Ricca.
This is worth double its market cap and should double the share price.
Moreover this will speedup exploration and milestones news, once reached DFS maybe in 12/18 moths time FRG it theory without dilutions should be worth more than 10 times current market cap.
Only question mark is the coming assay and grades from current initial drilling, if you like to look at LOE Lithium drilling results you will get a hint of what's coming.
LEO Lithium deposit in on the same geological trend of FRG.....
I see easily double today price for FRG in weeks time...
DYOR All in my opinion
Zan_TM......... as pointed out Neil is on the board of FRG, RICCA, and ALL...........They all know what's going on......and they all know what the visible SPOD concentrations show....and what to expect from the assays shortly.....anyone that sells now...will be mega disappointed come December!
None of the big money has sold today........and some like me have sold a bit and bought back lower ( and the same with ALL)....It's what we do!
Remember we are.......as of today.....30% below the year high........financed for exploration with no SP dilution.......positioned to own more of our project 100% (some will say divided by 2 which is 50%...so 27% down).....but very much in a better place than any other time in the year!
would we have preferred raising the funds , diluting our shares by 160% and taking the SP to 5p? NO.
Today is a commercial decision for the benefit of shareholders......and some very much knew this....which I have highlighted before!
GLA
I think its pretty natural to have a lot of sellers right now as most will have been underwater for some time.
Thing with very small Mcaps is the % down can look large, yet not take long to fill.
Often if a share has drifted down for 12 months, you end up with a lot of overhang from those under water who sell as it rises back up, slowing your return to highs.
This news pretty much cleared about 7 months of overhang in one go.
I do agree that without any assays or MRE its pure guesswork as to value however this news does give me hope that the assays will prove decent as I would be amazed if Ricca signed on the line blindly. I'm sure they must have been given some info about what those assays are starting to look like.
its come to early for FRG,
we all know how sexy lithium is right now
better value would be to define maiden JORC and a valuation can be made
50% sold on as stated today, cheaply IMO
sold for now and into ECO
GLA
Also, if anyone wants more than welcome to the TM Due Diligence hub on dis cord. Firering has its own stock chan on there.
https://discord.gg/FHg8WkHzPc
1. if you want to look back to this share-chat board from early Sept.....you'll see what was occurring....some RNSs too!
2. Remember we have very visual Spod in virtually all of our samples....presently at the lab......awaiting assay results very soon....and RICCA makes it's move today......to share in the action.
3. Piedmont and ALL did a win/win?? deal......and I would say some of our BOD have learned from that and wish to mirror that to an extent here!!
GLA
Well
Market Capitalisation at Issue Price (on an un-diluted basis) $14,343,606
makes it worthwhile to invest once floating occurs.
Between Ricca and FRG we potentially have 2 companies with a combined market cap of some £20 million and huge amount of hard rock high grade lithium licenses..
Detail of Licences in Ricca Offer Document in the demerger from Atlantic
pages 14/15
https://static1.squarespace.com/static/61711a96520cb35357849fb6/t/6194b96c3b258618253177ae/1637136752418/OIS+-+Ricca+Resources+Limited+-+17.11.2021.pdf
I'm not going to speculate (too much).....(and perhaps I think Vince and BOD putting some of our Cote d'Ivoire lithium assets into RICCA and out of the PLL/ALL tie up was a smart move).....and (although PLL have first option on developing any ALL plays?.....they may not want them.........undeveloped??)......and then there's RICCA and FRG.....to get things moving first....and Piedmont and Panasonic or ?.......these damn dots are blinding...lol.
We'll wait and see......but there will plenty of excitement!!
At this stage, nothing suggests a merger of others assests in terms of their projects and from a commercial perspective I would be suprised to see that happen. Doesn't mean it couldn't but I wouldn't look to it as likely.
However, what we do know is we will be taking a stake to the tune of 0.6 mil dollars in Ricca at point of its IPO. How much % that works out at I don't know, but still an interesting and positive development.
We also know Ricca will pay 50% towards taking Atex from 77% owned too 100% owned. Which is brilliant. We will still need to pay other 50%, but thats a 33% increase in stake and gives the JV/Project/Us full control of Atex.
Great and exciting times.
Bozi
you are right is just my fantasy and wondering, coming from the fact that there are so many coincidences between, ALL,Ricca, FRG and Neil Herbert.
I suppose is fair to wonder what a spined off pure gold explorer is doing, with some lithium licenses in its portfolio.
And now investing a huge sum for its pockets into a pure lithium company, this happening just before Ricca is quoted on the AUX market.
Just wondering if Ricca has some plans with its lithium licenses....mind you they still await permitting so no news coming from this possible scenarios for now and IF it will be the case....
The common denominator between ALL, FRG, and RICCA is of course our director of all three companies....Neil Herbert.
One could try to connect dots all day long...or we can wait and see. All three companies hold Lithium Assets in West Africa in Ghana and Cote d'Ivoire.
Perhaps any gold assets will go on the back burner for now in favour of the Lithium assets .....and for good reason??
I bought in on the last spike at 11p. Wish I’d averaged down when I had the chance but glad to be in profit. :o)
LuckyLuciano
There's no mention of the ALL/Ricca Cote divoire licences in the RNS,
"Firering Strategic Minerals plc, an exploration company focusing on critical minerals, is pleased to announce that it has entered into binding and definitive agreements (the "Agreement") with Ricca Resources Limited ("Ricca"), an Australian diversified minerals company which was formerly part of AIM and ASX-quoted Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTC: ALLIF), to advance the Atex Lithium-Tantalum Project ("Atex") and the adjacent Alliance exploration licence (once granted) (together the "Atex and Alliance Lithium-Tantalum Projects", "AALTP" or the "Project") in Côte d'Ivoire."
Excellent news today for all holders
GLA
Sure bankrupty, Gahanna and Cote D'Ivoire are becoming of massive interest in the lithium space.
Lots of hard rock high grade lithium there.
Is likely that once ready for exploration, also the Ricca "Adzope" license will be included in FRG exploration plan...we will se.
For now this cash will speed up exploration and assay results to DFS, potentially this time next year FRG could be x10 times current share price.
I mean only the fund we will receive from Ricca are almost double our market cap.....what opportunity to invest now, with so much potential.
Still awaiting first assay from initial drilling, with lithium grades........
and surely now announcements of new drilling campaigns and more to come....
So glad I came across this company, following Neil Herbert as been a good thing for sure.
More to come...
Very quickly Lucky....I'm a bit under pressure today and haven't the time to think this one out in depth...but briefly you will see there was CITY interest and spreadbets etc. around 21st Sept here which co-incided with my thinking regards ALL and RICCA...and FRG.....and the common denominator.....our director Neil Herbert!!!!!!!
I suspected FRG would be doing something more in Cote d'Ivoire and there would be a connection with ALL....hadn't specifically thought RICCA.....I'll have a think when time!
All extremely exciting STUFF!!!! I'm so glad I made the connection