Member Info for bigjonny

There are loads of books you can download that will give you a bit of an insight into the workings of it all

the spread is set by the mm's to basically manipulate the market, to encourage more liquidity or not, as someone mentioned a while ago, it would appear it's just a programme anyway, I've seen it at 50% at 7.59am and then at 8.01 it switches to 20%. At the moment and since I've been in here. I don't really think the spread influences very much with frx, it hasn't had the sort of traffic or volume of trades maybe this will change a bit in the foreseeable future

A little bit of Friday love, there's a decent bit of money coming here from someone I know, let's hope June is a good month then I don't look a nob for bigging up our little gem, it's a bit quiet at present but hoping for a top up myself soon. Hope all INVESTORS in here are well and here's to a cracking summer here GLA

When our ship comes in I hope your gonna pimp those ride ons. oil? I'm just waiting to get rid of my holding in another share so I can shove the lot in here, just don't want to miss the top, but on the same note, don't want to miss the boat here. Gla

Johnny. Hoping to get a top up soon. Good reassuring update yesterday, everything well in place. Not much gonna be happening here for a good few weeks but exciting times ahead, was wondering if a blast fernice and pig iron production may be a possibility for Gabon as Dr spoke of alternatives?

Am I right in thinking a company that has raw material in the ground but no license yet, will have cash burn because they are not yet in production? I think that's how it works, due to all manner of studies being undertaken and also drilling contractors being used, is it also true that the drilling contractors must be very confident in that company if they took a piece of the pie in trade for drilling/testing work? is it also true that to gain an environmental permit and pass through a Mining convention with green lights, that the relevant powers are very happy with the proposed business plan? And is it also a good sign when a bod is willing to put there money where there mouth is to fund there company moving forward....... Errr I think I can answer that one myself YEP!!!!!!! Come on reevesy :-)

Just to show what a turd you are and how much rubbish you post, you have just stated that the permit will not be granted in June, you say this is a fact, now unless you are in direct communication with the togolese government, that statement is not a fact along with most other things you post. You just post to annoy people, that is your only purpose, plain and simple. Your making out like your some crusader trying to save investors from making mistakes haha what a hero. Filter back on now you tool

  Saturday 9 May 2015 | The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares  manganese hopeful Ferrex (FRX) is expected to announce a resource upgrade by May for its Nayega project in the West African republic of Togo, having concluded agreement with the authorities on a 150-page mining convention to permit the 250,000 tonne-a-year project to go ahead -- provided finance is forthcoming. Company watchers believe an imminent definitive feasibility study will suggest costs could be significantly less than the $14.5 million previously estimated to tap Nayega’s resources, hitherto reckoned at 11 million tonnes with 13.9% manganese, and suggest a full exploitation permit, the final hurdle, is likely soon after Togo’s presidential election next month. No doubt managing director Dave Reeves, an Australian mining engineer and financier and onetime luminary of Zimbabwe Platinum, and entrepreneurial chairman, the veteran sector player Brian Moritz, hope improved figures will make it easier for AIM-quoted Ferrex to win backing for Nayega. Claiming the company already has a ‘range of offerors’ and boasting Nayega could be up and running as soon as next summer, Reeves hints Ferrex, which is mindful of the recent fate of financially over-exposed iron ore miners, would prefer a deal involving off-takers of manganese (used in steel making, zinc batteries and even food among other things), with the debt component minimised. How attractive that might seem to fund providers remains to be seen. Shares in Ferrex, which lost £1.9 million in the year to September, have fallen from a 12-month high of 1.88p to 0.6p today. That is a third of the 1.8p at which US-based Yeorkville Advisors’ YA Global Master Fund backed a £1.66 million placing last year and some 80% below Ferrex’s 2011 AIM float price of 3p, though it is marginally above the price of a more recent £835,000 Ferrex funding at 0.5p. The present price places an £8 million value on the company, where Reeves holds around 13% and fellow director, Zimbabwean entrepreneur Roy Pitchford, ex-head of Zimbabwe Platinum among other companies and also boss of fellow AIM counter Vast Resources, has around 8.5%. Reeves argues Nayega’s manganese should win favour even in today’s hard market because of its suitability for blending and says Ferrex will use Nayega’s cash flow to probe other manganese targets. Arguing a strong dollar will boost profitability in local currency, he says Ferrex expects Nayega to be a ‘low-cost’ operation producing a ‘standard-grade product’, though some parts will need silt and sand to be cleared. Nayega was never the only shot in Ferrex’s locker, but the two other principal ones are on hold, because they are iron ore, which for the time being is further out in the market cold

Are people still trading here? I had been watching this share for 12 months prior to delisting news. Can't understand why buys are still coming in? Is baobab still delisting????

Hahaha that's made me chuckle

Haha I see it now, it was a bit like a magic eye picture that one. ;-)

Is that a penguin? Lol

Payed not played

I don't really think itys has been posting "balanced" comments! If you look at itys's comments on any other bb you will see exactly the same structure of post and in the same manner. I take it you are now waiting to top up at .035p then are you? I know there are some enthusiastic posts with optamistic forecasts, I am one who thinks along those lines. All I can say is if you think itys should be played attention too, you probably should get rid of your holding now to buy back in at a lower price or not at all as the "guru" believes frx to be a joke

What are you on about?

I thought the same as you oil, Johnny s that seems a mad way to work out a spread why on earth is it done like that? Lolo

Every day is like a sunny summer's morning, I take it the clown is still around?! A mass filtering will get rid of idiot boy I'm sure

Thanks for the link Johnny. I'm still not sure I understand why 2 extensions were made, as afterwards there were no late trades showing or any real volume through the day and no sp fluctuation afterwards...... Or have I not grasped the function of PME's ????? What suppose I'm asking is.... It's the first time I've seen this and does it normally indicate anything or not? Answers on a postcard please ;-) thanks in advance for any insight

Any media outlet can portray anything they chose and convince us of virtually anything I don't see why you think you have found the only truth telling outlet there is? Anyway as in the words you used...... Predictions, joining dots, gamble and speculation, they all add up to one thing no one really knows, there are some that chose to panic and worry and others that don't, some would rather bury there head in the sand and others like the risk. Life is a gamble and I chose to use my own way of thinking to gamble with my money how I see fit, I really don't care what anyone else thinks too much. It's good to voice all arguments but it should remain an individual choice. I've earned my money and if I want to set it on fire I bloody well will lol gla

I'm sorry to rain on your parade but this global economic catastrophe you spoke about a number of months ago and again now, is taking it's time to get here so I hope you don't mind if I don't hold my breath while waiting for this massive collapse that you keep predicting, I just think we have a good bod who are confident themselves in putting there money into this company, that speaks volumes for me as I would rather back and follow someone with real experience in the area and market they are developing and believe Dr and co, have more experienced advisors about how the world economy will perform than anyone who posts on a share bb. I mean no disrespect to anyone by that but really....... My money is on proven experience and track record every day of the week