Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Some fairly substantial sells at 0.6p. Some people must be desperate for some cash.
Can't understand why the SP has dropped to this level frankly. Maybe some are bothered about Hans Camp being removed. It was a long time in the future in any case. Some appear to be bothered about Leigh Creek (dj) when there's no actual evidence of any problems, only supposition based on a lack of comms. Redmoor is wholly owned and the funding for that only went pear shaped when the Cobre main client defaulted. Cobre is still producing income, albeit a bit less. And all of that has lost over 1p on the SP? Really? That's a reduction in MCap of £16million or more.
It's because the CEO is an utter liar Stockdale. I spoke to him on the phone a few months ago. The placing was about how the money was imminent, water tight contract etc. Then speaking to him it was like they had no plans at all to get it back, the contract was rubbish, no claims over any assets. This is perfect for the CEO, they can claim litigation, keep earning a salary, maybe do a few placings, don't need to worry about ramping up production because the whole business is based around a legal claim, then if it fails just cease to exist and move on
Wow where you come from, so he will tell you everything over the phone...jog on sunshine
You reveal yourself aimofthegame. Referring to the CEO on a forum as 'an utter liar' tells us you're not looking to be reasonable in any conversation with us or with the CEO. I can therefore imagine how the conversation went.
LOL. Just filter and ignore. If you read back through all of his comments, his M.O is to talk down every share he comments on.
Just making sure you are all careful that's all - the podcast was a completely different tone to the phone call but people don't like to hear the truth. As for 'talking down every share' SXX, MATD, COPL, MTFB and SML. Are any of these currently showing a good chart? :)
Look at the facts:
1. Cobre producing income. Main client gone and being litigated against for $21million or so.
2. Leigh Creek starting up production and we're awaiting news, now late.
3. Redmoor now wholly owned but the payment screwed by the Cobre main client defaulting.
4. Hans Camp shelved, for now.
That's what we know. No major changes in the short to medium term of any of the projects. Hans Camp was always long term.
https://twitter.com/surprised_trade/status/1186556788621168640
'Just making sure you are all careful'. How kind. That wasn't implied by calling the CEO 'an utter liar'.
Thanks Surprised. Someone (Earl) there stating 'funding unclear'. It is clear: Cobre producing income. Leigh Creek starting up production. Redmoor funding RNSed with quarterly payments. First payment was paid early.
Leigh Creek needs some comms from the BoD but it has already produced some copper cement and just needs to be ramped up.
Aimofthegame, Are you The Joker?
Indeed Fira. There are some nay sayers though. When the SP is down they tend to be believed as the evidence is in the SP as potential investors see it. It's all sentiment and psychology. The realities and facts are ignored for a while.
Stock,
I think your list clearly demonstrates the reason for the demise in the sp and faith in it's director's.
I stated many moons ago that I was somewhat sceptical of the Cobre situation, the fact that the major client is now in litigation and moreover a replacement has not been found is deeply worrying. I guarantee that the litigation will lead nowhere, but the key question is why have we not found a replacement client?
I think the other points are less important as Cobre was always the cash driver here, a point I made several times many months ago. The market clearly sees a problem here with Cobre, until that is fully resolved one way or another then there will further slippage in the sp.
I hope it is resolved and quickly.
Mr T
Glass half empty for you Mr. Triumph? Strange name by the way for a pessimist.
Many of the negatives and positives posited by our posters' kaleidoscopic views carry weight; but, as you would expect with AIM, the former feeling weighs heavily - and possibly unfairly - on this share-price, to the extent that any rise rolls back down, pushing this firmly into the Sisyphean task territory.
fundamentals aside (although relevant for most of the time) Aim is often driven by other factors and 'trading positions' and 'strategies', some very short term, are often used to influence an sp up or down.....there's always someone making money either side of a 'trade/sp move' ...just for balance :-)
Couldn't agree more, Surprised - which is I am a more-profitable mid- to long-term investor than a short-term trader.