Firering Strategic Minerals: From explorer to producer. Watch the video here.
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I agree coal price are going down , totally agree there have over 250 millions in debt , but there also have over 60 million in the bank and assets worthy 100s of million . That doesn't mean it going down or the price will go down and down, there are many companies in the stock market that have more debts and are moving upwards , this company share has fallen without any thought, I respect your views Mrbrown , I'm not saying it's a company that full of everything but it's certainly not going to go down as you might think. Still best regards to you and those who don't hold any shares in this company , hope you doing well in others .
Coal prices dropping, production prices increasing, massive debt. Financing issues. This is only going one way. Down down down
Will go up but don't forget taking up 5% of a company is a long procedure, could take few days or weeks, even with a RNS over next weeks stating this would trigger the share upwards . So hopefully a blue close tomorrow and upwards , I'm sure the sp worth in today market around 5p but can't see more until further development in business turnover and profit like there had many years ago .
Total volume today about 15mln. If this chap is going to buy anything like 330mln shares who knows where the SP will get to....
Top riser on board today so should get a lot of interest tomorrow.
And also, at some point, the price of coal will recover - such things are cyclical. And NWR will now be on a lot more radars - could be quite a ride up!
Correct , he wants 5% of the company, the article seems very real , maybe that the reason the shares been a little weird today. Hopefully we see an RNS in few days regarding this and the price moving north. NWR do have millions and assets , debt of 250m can be paid with no problem , it's part of business
Or have I got the wrong end of the stick?
Won't this rocket given this news/speculation
So he is going to buy c. 330mln shares from a free float of 49.48%?
Very interesting article , could this be a reason the price went up with no rns for reason unknown for the share price ticking up , if this was the case I can see more upside for the price to move north .
Anyone able to give a ballpark of the NPV of the coal?
Even better the close was above the 50 day EMA. Interesting times ahead.
Just under the 50 day EMA but well above the 21, nice! More fun and games tomorrow.
Think the actual price should be, I see debt but also see there have cash in end for end of the year and do have assets do sell if needed , I thought a price of 1.2p would be possible short term
well i missed 6190 next quote within seconds was 66 but i still bought lol up n down like a yo yo towards the end of trade. Is that common?
I think chicken is the word you're looking for LOL
Best of luck whether your in or waiting to get in. I really think something is happening I've never seen a share price move about the way that did. Nobody has been pumping this share in fact most of the posts seem to have been from people who are just in or waiting to get in
Topped up purely on a hunch.
Fair enough OBS. They do have quite a lot of cash too.....
Was all set to jump in earlier, but just a bit concerned over the financials...big debts! Wonder if the news might be fund raising which could scupper everything? Tricky one. Might just hold back for morning. May regret it, but that's the risk. Equally might open significantly lower which will take a big chunk. Experience is a good thing but can also make you too cautious!
on it's way for the MM's. Bought 172,000 for 0.6 and on sale for 0.69!