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It's all about the people and their reputation (backing FRG)...being on the line......!
Our director Neil Herbert ex. POLO being one...and now chairman and deputy of Atlantic Lithium..who in 2024 will start to supply TESLA..and RICCA (watch this space...lol)!
But apart from Neil....who else...I wonder do you know any of these names...lol?????
Percentage of shares not in public hands: 41.1%
Updated: 22 March 2023
Significant Shareholders
Shareholder
Number of Shares
% of Issued Share Capital
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%
Upside is good.
Couldn't buy*
Could buy any at close, so expect another blue day tomorrow.
Glad more are waking up to Firering. The price down here is criminal when comparing the market value to the other lithium shares.
18m funding in place for work to take resource to DFS stage.
Funding from Ricca which is Atlantic Lithium spin off.
“Firering intends to advance development at Atex with a view to establishing a maiden Lithium resource and a pilot scale production of ethical tantalum and niobium production within 18 months to generate early revenues and support further exploration work.”
I have been loading up down here.
KOD 100mil market cap
ALL 150mil
PREM 200mil
FRG 6mil
Absolutely massive upside from here. I don't think the market is going to wait. Next set of results and I envision a bag or 2 and a 20p baseline share price by year end. DYOR.
Fully funded for christs sake!
Is it because they released all of the initial lithium assays (including the duds)...instead of just the 4 holes with excellent results? (like most AIM companies do)?
But let's look at some positives...which I think will shortly attract some interest...how long it lasts in this fickle AIM market...who knows?
Guess that will depend on more results from this early stage exploration gem.(but two new potential discoveries in the offing...soil sample results due and to confirm?)
You can buy in cheaper by 40% or more than at IPO a year and a half ago.
Our director Neil Herbert also (deputy chair of RICCA Resources and chair of Atlantic Lithium ALL ) has endorsed our lithium project and put RICCA's money in to "fast track" fund us to DFS...so no need for equity fund raises for exploration, MRE, Scoping, PFS, DFS etc.
(Neil knows our potential!)
and when I read our notes on the Coltan-Tantalum-Niobium assets also:-
"Firering intends to advance development at Atex with a view to establishing a maiden Lithium resource and a pilot scale production of ethical tantalum and niobium production within 18 months to generate early revenues and support further exploration work. A large-scale tantalum production facility will be developed following pilot results, which will be supported by a debt facility of FCFA 5,057,000,000 (approximately €7,500,000) currently under negotiation to fund the entire scale-up plan to develop a portfolio of ethically sourced mineral projects in the Côte d'Ivoire, supplying EV batteries, high tech electronics and other fast-growing end markets................"
Apart from the 135 km square area of ATEX (mention of gold being added?) FRG has a further 1,400km square of exploration licence pending!
You could do a lot worse than buy into this £7m market cap IMO.....but you must DYOR......!
GLA
A mere 35,000 shares available on offer. MMs have f all here.
Well below IPO price at 13p.
https://twitter.com/StockBoxer_AIM/status/1643924047166681089?s=20
Entered the fray here. Even 2 bags from this level and you'd be looking at a sub £20mil lithium stock with spodumene. Mental. Serious upside to be had.
Could be a RNS logged for tomorrow
100% throwing in some more tomorrow.
we should be grateful that we are the early investors of this stock. I remember the days when PREM and KOD had 10m~ market cap
MMs fishing big time for shares, you can sell the lot, but can't buy a bean.
I know someone that will begin promoting this a lot soon. Easy pitch, it's funded, it's got a partner, it's lithium, it's valuation is peanuts, it's in a similar area to Atlantic Lithium, the resource sounds exciting.
So I'll be loading up as many as I can sub 10p as its going to take off soon....
https://twitter.com/FireRing_SM/status/1643543043738312704?t=dk_aDvnFiLGXgJB_Y1nVSA&s=19
KODAL, PREM, ALL over 100mil market caps. Little old Firering at 6.5mil...
I see SP is where it was before JV with Ricco!! $88M exploration costs to BFS
Added but no share price upside ZILCH
https://global-macro-monitor.com/2023/03/06/swimming-downstream-in-the-lithium-triangle/
The Twitterarti are circling this one. Up to you if you invest here but please do your research rather than. I'm sure there will be those telling you to buy as momentum builds and opportunities open up.
Only you can decide if you think its going to give you a 30 times return, but given the info out there as it stands, that feels a little punchy to me.
However, as I'm sure you will know, like any junior, its all down to what that drill bit finds, so you can research as much as you want, but to achieve 30 times still requires a bit of luck as the drills have to find enough product to justify that return and impossible to predict what future, not yet planned, drill campaigns will return.
Naturally, you still want the company positioned as best as possible to maximise returns if those drills do prove good.
FRG, as mentioned, has the funding to keep drilling and get to DFS (if RICCA takes up each stage accordingly as per funding DFS).
What will the MRE be by DFS? How at this point can anyone tell? Impossible. However, at least it has a route and funds to find out, which is more than a lot of its peers (same early stage peers, not fully funded to production ones).
Of course, that funding has come at a cost in terms of % given away, but that maths is for you to do.
30 times, who knows, 5 times, I'd say with a little luck theres a lot higher chance. For me, 5 times return is s great result and great start, might not be for you. Each to their own right. No right and wrong answer to that.
Still got to achieve that 5 times though so I'm not count chickens just yet
Zan thank you, thats a very helpful summary, and yes, im a potential investor, looking for the next 30x stock.
Phase II of the Atex soil sampling programme commenced on 9 January 2023. By close of business on 16 January 2023, 993 soil samples had been taken out of a planned 2,491 samples, representing 40%
Merc, FRG is still very early stages. Ignore all the world class grades hype, as you know I'm sure, it's easy to spin things.
They did have a great assay result for that month, but some of the spin is making it sound like ever found, which simply isn't true. If you compare FRG's results to say an ALL you can see the massive difference in stages at this point in time. ALL has FRG results but times 10 plus in terms of number of big returns.
FRG also had many assay results which showed areas as not commercially viable.
That's not positive or negative spin, just the true story as per the RNS's which you can check out yourself.
FRG is miles off being a KOD or ALL and comparisons at this point, as seen above are silly. I think trying to compare puts off investors from investing here tbh as quickly they see it isn't a KOD or ALL (yet).
BUT, don't let that make you think it doesn't have it's positives. It does. It has funding (as long as RICCA stay happy and take up each stage) to get itself to DFS status, now given most juniors will have diluted their holders down by 600 plus % to get to that stage, knowing your not likely to get diluted down until DFS (although RICCAs stake does dilute but you get my point I'm sure), is a big plus. Yes they still have to sort a deal IF they are to take to mine from there, but that's still a long way off and plenty can happen between now and then too. The recent soil grabs have found 2 more peg areas, which may or may not contain more Lith but will get drilled to find out.
Just like comparing to KOD or ALL for Mcaps is bad at this point, so is having like for like expectations to me. FRG has literally just started out really. Its like KOD 2016/2017, not KOD today. Yes it still has to work out shipping routes etc, but it isn't really fair to judge it like a company that has had 5 years plus to do that. I've no doubt by DFS in a few years they will have worked out those details considerably more.
As it stands today, FRG is early doors, it has money to drill and thus money to build up an MRE and add value to its Mcap and in turn SP, if those drills go well.
That's your upside here. After DFS, who knows, they might even sell. Not everything has to go to mine to unlock shareholder returns, but its foolish to think anyone can tell this early on.
Ohh and they aren't just a Lith play, although the Lith makes the news more as its in vogue right now.
Of course, that info is only useful if your weighing up on if to invest or not. If its simply a case of just posting to discredit anyone who isn't your prefered explore/miner then the above is somewhat pointless as nothing can change that.
Ty for the reply Bankrupty, so lets say they drill it out and get a good result, 20-30mt of spod6, they own 50% of it. Then what?
Is there a plan to finance the mine build?
Is there infrastructure of any sort for transport?
What do you think they will do?