Member Info for BricksSA

Many seem to be punting to have FCR close their JSE listing.....From a Market Cap perspective they are biggest on the JSE....more so than on LSE and ASX.... This being the case is it still a good idea to close their JSE listing ? Thoughts please.

Lets hope that the BOD clearly state next steps and how they will be raising cash for the next phase......in the next few days. Interim results are due on the 16th.....

General Public Ownership A big stake of 79.60% in FCR is held by the general public. With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. They can also exercise the power to decline an acquisition or merger that may not improve profitability.....Source : https://finance.yahoo.com/news/major-shareholders-ferrum-crescent-limited-002312867.html

Okay cool :-)

Oiltap...are you deleting your posts ?

Yep ...agreed...a bunch of part timers could do better !!.

I find it very distressing that the new Management team at FCR talk a good talk but dont walk the talk and simply allow the SP to slide after telling the world its under valued !!!! Dont they realize what they are doing by not communicating their next steps ito funding and scoping exercise !! ... getting the feeling that they are doing this intentionally.....really getting miffed with them now.

Thanks Oiltap...I agree with you...Also we need to remind ourselves that salaries for BOD has been frozen for a while now...Hats off to them....but this also needs to be rectified soon..IMO....So definitely a cash injection required in one form or another...The silence though bothers me :-(

As regards your last paragraph Oiltap....what does this equate to in monitory terms ie...the value of the options offered to CB ? Also will this then be enough to cover the remaining scoping exercises ?.....just a thought as you may be spot on :-)

I expect an announcement soon that will be clear and concise as to what management are doing as regards 1. Funding and 2. Next steps for Toral and any progress made since Jorc report was published...... seems like the communication link has been broken the past few weeks :-( ....not good ...IMO

I notice no rule exists for posting fact....not friction....As a newbe on the block...I would have liked to see more fact than friction :-)

Thanks Cattleman...those are my thoughts precisely and I am sure they are focusing exactly on this activity and am convinced there will be an announcement soon.I am also equally convinced that the new Management team know EXACTLY what they are doing as in all the interviews we have heard to date they all sing from the same hymn book :-)

@Cattleman.....what in your opinion should they be doing if as you say they do not have a clue....?

Also CB said "Its a joy to be buying a ticket when its a micro cap".....if management team are happy they will get value at some stage.....lets climb on the band wagon :-)...My opinion only.

Pre- planned organised selling perhaps ?

Yep... the same couple that recently upped their SH from 4 to 5% and now dropped from 5% to 3.25%

If I read this correctly....This holder dropped some 53,5 M shares ???

Thanks :-)

Only 824,025 trades today ??

Like...a possible buy out on the cards and market manipulation to keep the SP down...in order to get the asset cheaper .....just thinking out loud !! but the question needs to be answered.