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Good to see a lot of AIM miners doing well and flying!!! Honest
FML really need to scrape together some info to issue out. Not only on the litigtion which appears to have been overblown but just in general. There was a flurry of information a while back but now quiet Is production still happening? Is the finance extended? Anyone looking through the last 24 months RNS's, SP graph, management chnages will not touch this with a barge pole. I am guessing there are a dwindling number of PI's left averaging down and playing roulette(russian style) BP
Unfortunately looks like an overreaction but unless the BoD issue more news it will stay where it is or drift lower. Where is next positive news coming from?
How will they pay? The debt will be for operations, expansion of sites and day to day running expenses but very likely it will not be allowed to be used to pay off a litigation bill. Plonkers - couple of cowboys trying to take a large international law firm to court! Well done to few shareholders that were quick on button and managed to dump straightaway BP
Thanks for that More information than we have received from the BOD for many months. Why would they not announce the debt has been rolled? Surely that is positive so why not RNS it?(along with decent production figures). We have had many years of poor figures Thanks once again BP
Looks like everyone is sitting tight. Those with the low risk appetite look like they have left leaving those left who all like a gamble. I do see this as a bit of a red or black call on a roulette wheel. The debt is large and the the window to resolve the production issues is getting smaller and smaller. Whether they will be given this year to resolve them or not I am not sure but one thing for sure is that by this time next yera FML need to have solved all the issues, be running at near capacity and have a clear 5 year plan - South Benkala, Sulphides, Baitimir, debt repayment etc etc. About time we had an update on financing - think there is a Redkite loan due this month so presume conversations are underway. Also very quiet on the shipping front - presume figures are so poor and not worth shouting about yet BP
Large trades at close. Maybe more director buys. Even if sells which they might be positive that they are willing to take that volume at that pric - must be confident of selling them for more than 1.50 Let's hope we are at the bottom - if we can sort finance out by end of aug plus get the additional agglomeration on line things should start picking up. As 777 suggests not even the weather in Kaz will stop production through winter as longer as the pads gets stacked in time PB
The drop here was overdone. You can see by the buys going through that someone with deep pockets is mopping these up. The SP deserved to drop(avoidable) because the management is so poor but given where they are and the fact that the statements in the results were standard for similar companies now is not the time to sell. I am sure they have many options on the finance side but in Kaz will take longer than in UK BP
Certainly want stock - 2.65p offered for 500,000 shares. Looking good - here is hoping it is not another FML anti climax. Spread is also tighter than normal so can see this ticking up slightly more before end of day Sad that we are getting exceited about an SP below 3p - crazy crazy world although with this BOD fully deserved BP
Of course. If the BOD continue to put so little effort into PR then this will go sub 2p. People are selling - not because the company has poor assets or a future but becuase no one knows what is going on. So production has started - what about a forecast, what about cost, what about Baitimir, what about South Benkala, what about the search for a CEO. Yerlan said at AGM that they would be more open and transparent. This was welcome news and most took heart and what do we know now - it was rubbish. How to gain the confidence of shareholders - say one thing and do another. Not sure where the next news is coming from - presume quantities shipped at beginning of June? I think you will get a chance to buy at sub 2p unless they put interests of shareholders further up their list of priorities BP
Lets hope so The RFC Ambrian note this morning may hint that may be the case. Obviously been testing winter leach pads and seems conicidence that they now have to make modifications. Note of caution - RFC Ambrian are paid brokers so not necessarily independant. Interesting read though. Not much room for slippage this year with FML - potential to make a lot of money here if they can sort things out but if they do not then we all have problems GLA
We do not know but expect 4000 per tonne(inc tax) Btw - most futures are forecasting stable if not small rise. Anyway would not take too much notice of money week or futures at moment - there are so many opposing views on copper prices that they cannot all be right. Producing in first place is important though Bp
Cannot see them announcing start up date as it is out of their hands. It may be getting warmer but who is to say they don't get a prolonged cold spell. BP
If it is a strategy of Yeraln to bore the pants off investors it is clearly working. The level of activity is 0. I think people are fed up with contacting Paul Cornelius and not getting anything of value. I am pretty sure FML should have updated us by now on the finances(did they not have debt to pay back). This may have been sorted in background but surely that is something they should make public. George Cole - are you still at FML? Are you hibernating or are you on sabatical? Prefer at least some volatility(even if it goes down) to this. BP
Holding up well at moment given the market - performed better than most today. All too quiet for my liking given they promised more open communication Bp
Just a rollover I am afraid. Nothing more. The SP is down as more shares are being sold than bought. Simple as.
Well done BOD!!! The SP was given a free ride on the back on the fiscal cliff news and FML were given an ideal opportunity to maintain/mprove the SP with some PR. What happens - b*gger all!!!! I thought the new CEO would have been anxious to improve the SP - what a chance he had. News reassuring about the finance situation would be nice - no pint telling PI's at the AGM it is no problem and in process of being sorted and then going silent. I am not selling but frustrating that I am pretty convinced we will revisit 2p unless they wake up. It si a quiet period operationally so why not invest in imporatnt araes such as PR BP
Yes - looks that way. Strange as looks as if someone sold and then bought back if you look at later trade(minus costs). Never been very good at trading this but certainly those who have are the ones making money
I don't rule out a 20p+ SP in future. I followed SXX down to 3p buying and sold out at 8p. It si now near 30p so it can happen and the assets this company have are significant(also unknown as sure Baitimir is bigger than expected plus Benkala extends beyond its boundary and is priobably linked with South Benkala. In Kaz no need to tender for a licence if you can prove resource extends beyond. Baitimir resource confrmation could be a signmificant catalyst as could the BFS for Benkala Sulphide. Also any corporate activity with a large player(Kaz, Rio or a Chinese co.) could really put a rocket under the SP. In addition - if TS and BS did offload the shares and the company has to repay these there are a load to be bought on open market(not sure I fully believe it though) - we have seen what small volumes do so if large volumes are needed from a relatively small free float it will fly Sorry for rambling - 4.3p for Breakeven BP
Sorry - now they are offering 3.01p. How do I do all those smiley faces on LSE?