Member Info for Brondby

IMO, its priced currently because one or two sellers triggered multiple stop losses and others then sold on the ensuing drops. It was perched right at the 8dma crossing below the 20dma, usually an early sell signal for traders.

The market doesn't one day value a company at 3m, then next day at 1.5m because of a twitter post. Yes, it may have started by ceo twitter post, but absolutely compounded by stops, technical signals, and knock on panic resulting from the severe quick drop. This is the stuff of short term opportunities!

" No buyers" - there seem to be quite a few around today, picking up a bargain IMO.

Nothing fundamental changed last week. CEO stated what market knew already. Totally oversold.

Https://www.york.ac.uk/news-and-events/news/2024/research/blood-test-lung-cancer/

Further, N Hemlo is just ONE of NINE properties held by FCM.

https://firstclassmetalsplc.com/projects-overview

Sunbeam has been stated by the board as being potentially the jewel in the crown. Kerr's holds a historic resource estimate of 386,467 ounces of gold.

These nine are mostly all licensed through 2025 even if no further work took place.

A fire sale of assets would raise multiples of the market cap, IMO.

But when its cheap. Sell when its high. You may need to sit on this before it sees a better market, but crazy to be selling at these low levels, IMO

Well usually it does Bonkers, as it shows there are no issues getting planning permission for a garage, that garages can be built without issue (e.g. no settlement problems in the area) and it widens the market for your house to people who need garages (despite your house having no garage currently)

And of course, if your neighbors garage is over a gold mine, theres a decent chance your garage may be too, since geological formations don't stop at human drawn boundaries.

...before end of month, so RNS tomorrow or Monday. We may get an update on Bio at the same time, though I guess it could be later in the week

Https://x.com/StockBoxMedia/status/1838589367515799978

Https://x.com/MarkEJFairbairn/status/1838572318802497688

"

Just spoke with Marc Sale of @FirstClassMetal, about the recent findings at their #gold project, Dead Otter Trend

The focus is gold, with work also on Sunbeam & Kerrs Marc explains plans to understand Dead Otter's geological structure and scope for further work before winter"

Sale is a shareholder, though not a huge one. James Knowles has 10.4%. So the directors have a stake.

He didn't verbally trash the company, but tweeted in general terms about the state of the market, which some interpreted negatively. Skme suggestion that the RNS on Mondays poor phrasing also had negative impact, in what was a pretty nothing announcement.

Some sells triggered stop losses. Someone panicked and sold a wad. Lots got cheap shares.

Assets worth many multiples of market cap. No brainer buy for anyone with a patience level over a week or two (hard to find on AIM admittedly).

A target price of 29p from First Equity, just 18 months ago (sold a couple of properties and acquired Kerrs since).

Interest rates falling, gold at ATHs.

You move on and pay your electricity bill if you want to Bonkers. Ah, now I see how you got your name!

Https://x.com/MarcSale/status/1838217699949748602

"My tweet was made by myself on my personal thread.

It was not tweeted on the #FCM account.

It was a general comment on the disconnect between PoG, dearth in discoveries and the widely reported difficulties in raising funds, for almost ALL explorers. There was no mention of #FCM"

Https://x.com/MarcSale/status/1837831818139013341

Speculation that a general tweet by Marc Sale about market conditions has been interpreted as being directly about fcm.

That may have started the first sales, but really this just looks like an avalanche of stops were triggered domino style. Nothing in todays operational update to warrent that drop.

Way oversold IMO. Assets far more valuable than market cap. I suspect this heads back up over the coming days. We may even get an RNS about the OTT movement.

Might focus FCM on an asset sale rather than looking to the market, which would be no bad thing IMO.

There will be selling at every level, for multiple reasons. Could have bought at 1.7 and sold at 2.05.

A couple of grand profit. In my view, small thinking, but each to their own. The more we clear out low down the better, IMO.

In a year or two I'm hoping none of us will care about such trivial amounts, and that cizzle will have made a huge contribution to early stage lung cancer detection worldwide.

GLA

Bounced off the 200dma, and looks like its tracking that upwards. A little too early for certainty - i'd like to see it close above the 20dma with some volume, but i think the bottom may be in. Watching.

Dustyslay. Boring, yes. But inportant. I hope 7p holds. Because the level below that isn't pretty. We could really do with some material news.

Morning Greend100,

Good point. I tend to forget the CGT thing as the majority of my holdings are in ISAs. I guess there may even be some changes to ISA rules, though i suspect the rumours here may be worse than the reality.

I'm more inclined to think its just because there are limited funds available. When the vast majority of shares are down, as they have been in small caps for a few years now, there are just no profits to re-invest. It becomes a declining spiral, in the same way a booming market just seems to rocket.

Needs something to change to trigger that. Lower interest rates will help (I hope!)

The market seems dead as a doornail. A year or two ago a TR1 would have been an instant rise. Now, across the board, not just ciz, barely a reaction.

Perhaps they are waiting until the funding news is confirmed, as i guess that carries all the risk. Successful close, then no more immediate raises as significant risk reduction. Unsuccessful or more delay then perhaps back to 1.5p and potential for more dilution. And all possibilities in between of course.

Shouldn't be long now either way. Markets can't stay this bad forever. Hoping interest rate reductions start to kick start things back in the right direction.

Gold at ATH again this morning. Picking up Kerrs, and switching short term focus to N Hemlo seem like smart moves.

At some point, junior gold explorers are going to see this filter through into valuations.

7p is support.

The low 7s aren't really resistance at all. There has just been little volume to push this up, but when there is, it will go up. The next main resistance is likely the 200dma (where the last rise failed) which is now sitting just below 9p.

Marc's response to a question on the investor portal

"I think there is some confusion as to the time taken for the programme of stripping over the analysis of the samples.

The stripping / sampling as you would have read in the RNS is complete.

The samples are with the Lab, usual turnaround they state is 2-4 weeks."

2 weeks from 5th September (the RNS itself would have been some days after completion) would be next week?

With Gold again pushing new highs, and interest rates looking set to fall, here's hoping for some good results to get this company back to double digit sp.