Firering Strategic Minerals: From explorer to producer. Watch the video here.
Freddy, you certainly make a valid point about the lack of information to, or engagement with, investors. As a lth I, as many of you, can see the great potential of this company but as it stands that is all it is, potential. The bb's views of Larry are broadly positive. That he has a strategy is evident but under the radar: who else was surprised by the news of the trading arm?
We know which stage the company is at in its development and the recent RNS showed the work carried out to complete and expand the Phase 2 evaluation drilling towards the eventual JORC certification of the whole mine. Only then will the mine have an estimable value for potential suitors or JV partners, institutional investors, or indeed, more of us pi's.
I totally agree that the company's communication strategy if woeful and, to my mind, unnecessarily so and has contributed to the fall in the sp for a long time before the current crisis.
I write as a former holder at AMER who used the funds from there to invest in EUA a mining company where the shares are now suspended pending the process of sale of the part or the whole of the company.
My point here is that EUA's sp remained very low for years prior to a large increase when the value of it's resource increased due to mining license gains and increased market value of its mineable metals
Rooky, Muscorum,
Thank you for your replies. Like I said I'm no expert. I was merely passing on my past observations.
As you have probably gathered I'm new to PHE and this bb and am extremely grateful to the poster from here who gave the tip on the EUA bb a few weeks ago. I followed up on his tip and saw the future, or certainly part of the future, of clean energy generation with the added bonus of reducing the plastic waste mountain. I raided my piggybank to buy 100k shares and plan to add more if/when the EUA ship comes in.
Muscorum,
Re. your question about species that may be found on site, especially if the land is wet, one of those with the most concern are probably the Great Crested Newt and the Natterjack Toad, both are rare and threatened species.
I previously worked at an industrial estate where the sites for new units were surrounded by a low fence (about 60cm/2') of black material for several months. This turned out to be a 'newt fence' where an ecological survey was required by a team fully licenced to count and relocate the newts. This had to be completed before any work could be conducted at the site.
Not knowing the conditions at the site and by no means an expert in the field I'm just pointing out this could be one of the hurdles to jump before the work is begun and could explain the delay until autumn.
Link to govt. website on Great Crested Newt surveys:
https://www.gov.uk/guidance/great-crested-newts-protection-surveys-and-licences
Link to Wildlife Trust website stating Cheshire locations of Natterjack Toad:
https://www.wildlifetrusts.org/where_to_see_natterjack_toad
This is where LJ comes into his own with his background in industrial supply chains. A round peg in a round hole.
The trading arm is where he can use his reputation, knowledge and contacts list to facilitate deals and generate revenue.
When the mine does go into production it can list the trading arm as its off taker removing a layer of the muted secrecy that seems to exist in these circles. Whether we get told is another matter as the company is only committed to disseminating information to its 'major' shareholders (see website) in common with other GC companies in which I have invested.
That the trading arm aims to connect other regional suppliers to global customers is a master stroke and LJ is just the man to make it work.
This is a company I believe will deliver great rewards, especially from current levels, and I'm in for 2M+ shares.
Once the resource is fully proved up by JORC then things should
TP
More importantly perhaps. Do we as shareholders "own it" or is it a subsidiary where the proceeds can be siphoned off for GC and his cronies?
Suspect the latter as the market has not responded as if it was good news.
I hold shares in both IRON and KZG and they are the only two shares in my portfolio that are in deficit - and both are in huge deficit.
Freeatlast - indeed.
If they're willing to loan 3 tonnes from their stockpile then how big is their stockpile?
How much are they holding back from the market to keep the price up?
Should the Chinese, or anyone else, buy EUA (or just MT) they could release their stockpile to flood the market and lower the price making it less economic for a while.
The caveat being that the Chinese need the Palladium so the market price would be a secondary concern.
All good :))
What the 2013 article tells me is that the two banks that approached EUA offering their services have already been working on cross border deals together for seven years. This should help to speed up the negotiation process here.
My gut feeling though is that NN will not allow anyone else to buy such an asset in their own back yard.
The other interested parties, as in any auction, are useful to push up the price but I feel NN will always offer more.
They have already shown, with their loan of 3 tonnes of Palladium ingots to the global market that they want to exert control over supply and pricing in the market.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://business.financialpost.com/pmn/business-pmn/nornickels-fund-to-deliver-3-t-of-palladium-ingots-to-the-market&ved=2ahUKEwii6_uqvNPnAhVSShUIHVUIBXYQFjAAegQIAxAB&usg=AOvVaw1YjQcYJsRbNVSnriopwd-V
Link to the 3 tonne loan report
https://www.google.com/url?sa=t&source=web&rct=j&url=https://business.financialpost.com/pmn/business-pmn/nornickels-fund-to-deliver-3-t-of-palladium-ingots-to-the-market&ved=2ahUKEwi-t7SS78_nAhUXiFwKHSNDCZUQFjAAegQIBxAB&usg=AOvVaw1YjQcYJsRbNVSnriopwd-V