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Any idea who the big seller is? There was a large sell yesterday of 432,159 at 6.01p
great to see the new auger 11k programme announcement.
also nice to see the rough plan, including 2nd stage auger infills and rc/dd drilling if all goes well.
early days still but every step is one closer to an mre and thus that first chance to *** pack value frg.
Today's RNS highlighted the discovery of a number of additional pegmatite zones resulting from the Phase II soil sampling analysis across the Atex licence, with more results still to come.
The lithography mapping contained within the RNS report seems to indicate additional pegmatite mineralisation in various zones/directions around the previously known ones, especially interesting are the results in the direction of the boundary with the adjoining Alliance area, which looks like it continues SSW into that area.
This is interesting because Firering have the option to increase their interest in the Alliance licence to 80%, in additional to their current Atex licence area, extending the project's licence area to some 500km2.
What with the existing excellent drill results around Spodumene Hill previously reported plus further drill targets it's looking like they're sitting on a whole lot of lithium, not to mention the coltan (tantalum and niobium), relative to their lowly £6m market cap.
And don't forget DKL....
The investment opportunity afforded by Firering's current valuation and market cap remind me of when I bought ASOS shares for just 8p, at a time when it was clear (to me, anyway) that they had reached critical mass and profitability, because some fund manager (Schroders I think) was selling down millions of shares at that level. Shortly afterwards they set off on their stratospheric journey to £40+!
I believe a similar massive rerating could occur here with Firering's shares, based on reading between the lines of what the company has already announced, and what they've said (and how they've said it) in presentations, videos, etc.
They recently announced that they had increased their stake in the Atex project/licence to 90%, stating that the decision was 'an easy one'. They also currently hold a 51% controlling stake in the adjacent Alliance licence area, with the option to increase their stake in that licence to 80%. They already know, due to their 'due diligence', that the Atex project's lithium resource extends SSW-ward into the Alliance licence area. (The combined Atex/Alliance licence area extends to some 500km2, which is 'highly prospective' for both lithium and tantalum/coltan.)
What's not to like!?
Not many people have even noticed or heard of Firering yet, but I believe that will change in the not too distant future. When that happens you won't be able to buy the shares at today's prices. All IMO, of course.
That is exactly the reason I am invested here ShareSleuth.....The 20MT is of significant interest to the main shareholders and our Chairman, Deptuy Chair and Director of all three companies....Atlantic Lithium, RICCA, Firering.......who says an incestuous relationship between companies hints of big profit ! What would I know....... lol
Another interesting aspect of the Ricca investment in Firering is that they have agreed to invest an additional $2m, taking the total to $20.6m, if Atex's lithium resource ends up exceeding 20Mt; that's the sort of magnitude they're looking for with their investment.
If anything remotely like that turns out to be the case, Firering's shareholders will be massively rewarded from these levels.
Some interesting posts about Firering out there, suggesting the potential value of their assets.
One thing's for sure, IMO, Firering's extremely cheap on any tangible measure I can think of at the moment.
And as Chairman of one, Deputy Chairman of one. and Director in all Three....Neil Herbert would NOT be spending Atlantic Lithium/ Ricca money on a punt. He and some "insiders" know where we are going with this one.....as you say ShareSleuth...."It's all about the market cap here." and the people invested here......and their reputations....
.Mr. Youval Rasin
12,610,000 14.15%
Rompartner Limited
9,000,000 10.10%
Mr. Sebastian Marr
8,211,104 9.22%
Mr. Yehoshua Shai Kol
6,990,000 7.85%
Oberon Investments Limited
5,025,952 5.64%
Mr. Lincoln Moore
2,976,000 3.34%
It's all about the market cap here.
Neil Herbert is not only excited about Firering's Lithium but also the very high quality Tantalum which occurs along with the it.
He draws parallels/similarities with the geology of Atlantic Lithium's project in neighbouring Ghana which, although at a slightly later stage, has a market cap about 26 times that of Firering's.
thats useful thanks
I think a lot don't wait that long and I wouldn't expext 5 times soon.
FRG is a slow news share. They are/were so early stage that things take time. We are still waiting on the 2nd batch of soil samples to come back, of which they will only give basic info, then there is new drilling to pilot hole areas highlighted from the soil samples. That's likely another 6 months from start to assays back, all of which will only provide basic early stage info.
The main news will be RICCA taking up the next stage. The funding is split into stages and nothing is a given until its drawn down.
However, FRG also don't give a lot away. They aren't media darlings like some companies and thus one morning, out of nowhere I would expect news to drop about results or funding stage or plans and that's FRG for you right now.
Its my view its time will come if it can get some decent results back/in.
zan
its good to be realistic. i wonder if many on aim would hold long enough for x5 but if the waiting is not too long that would be fine
Gla
have taken some on now.. main play is KOD.. some others like SAV
interested to see where it goes
Gla
Seb's up £36,457 today on this frgin share.....and he's only no.3 here! follow Neil!
If you’ve been a kodder or a premmer or a ctler .. you could do with snaffling a little piece of this and sitting on it.
Funded to dfs, ALL connections .. good grades, still WELL below ipo price, cheap!
Ricca Resources' recent investment effectively valued Firering's Atex project (a small proportion of Firering's overall concessions in The Ivory Coast), on its own, at £30m or 34p per Firering share - and the project's fully funded to DFS by Ricca.
Also, Firering have favourable banking facilities already in place for low-cost initial production of high-grade Coltan (at about $150,000 per tonne, according to the company), which in turn will self-fund ongoing value generation. Most importantly, IMO, the company have said that they see little or no need for additional fund-raising/dilution in the near future - by which time the share price should be considerably higher than it is today.
Long time lurker on the boards, just started posting. Im in this and Marula, I don't want to ramp Marula but it looks good, was watching an interview with Jason Brewer the other week, he really seems on the ball and getting the backing of wealthy investors, again apologies for going off-track but sharing news/opinions with fellow investors is no bad thing.
Keep up the good work chaps
Nibble while it cools off. It’s still way undervalued
Pretty similar I guess SHAREINTHIS.....Here £8m and funded with RICCA money to DFS
and MARU.L £12m with offtake funding for a small stockpile of Spod......
.....both of which need to prove up resources for a mine build!
I'm in both.....and a few more green metals companies besides........but some goldies too.....and dry powder!
How does this compare to Marula Mining who have Spod ready to transport
You mean go 10p.
Not much progress there.
You can tell by the fluctuations on the bid/ask.. Any sniff of good news and this will be double digits
At the early stages but maybe we can get it while its cheap :)
Yes been getting a few in here now
got into KOD earlier so thats going well
GLA