Member Info for ChazC

I heard the audio this morning and was very impressed. Based on current production (2 weeks on, 2 weeks off) and current copper prices we will be cash flow positive in 2020. I plan to buy more.

The market cap is still high here relative to the income and potential in my opinion. This seems like it’s been propped up by PIs averaging down from the major spike years ago. Interested to see how far it drops in the next few months.

It's negative because it's another announcement with no revenue figures imo. FDBK needs to prove it can turn potential into commercial and quickly because cash burn is very high based on last years results. When will they need to raise again? one trial does not a company make.

Interesting, thanks.

Doesn't seem to be much progress in the last 6 months....

PERE is only getting 33% of the income remember.

When/why do you expect this to rise? your figures are huge compared to the current SP....

In Jan/ Feb if the price is low (around 0.7ish) FDBK usually ramp up PR before they need to raise cash so you could ride the spike and exit before the next placing. all imo, dyor.

Why do you assume it's one? imo it could be many who were involved in the 1.2p placing selling down to limit their losses. I can see the 0.8s soon.

Only one trial with no guaranteed commercial contracts in the pipeline. No news expected short term and cash burn appears to be quick from the RNS figures. Imo this will drift for a while into early next year. GLA

DB has said on many occasions that he doesn't like to speculate on timescales and only deals in facts. We will know the new timescales and drill plan when it's been finalised and not before. Nervous PIs always demand to know 'info' when the SP declines. The EWT will commence and CPR will be released and the Wressle result will be published all in good time. In the meantime, patience is required.

And no news on the trials? i would hope to hear something soon. The trials will take some time and income will be needed in the next 4-6 months? I would be a buyer if we saw a pull back to 0.8.

With the income figures and quality of the grade i would say that a move towards 24p is far more likely than a drop back to 6p. Some desperate or fed up investors may sell on relist but i'd hope they'd be quickly replaced given the upside. GLA. Fingers Crossed for good news in early 2020.

Is that the estimate for the whole licence or just for what's been drilled thus far? Filtered spike, value of find goes up and he down values the NPV.

Price may drift during general esp if labour gain in the polls. Still hold another tranche 40% up.

Is where I see this heading pretty quickly. NHS Pilot could take some time to agree and then it will run for months before they decide if it’s worthwhile. No revenue for another 6 months and FDBK need more cash. Sell off could start soon. GLA dyor

You are incorrectly accusing me of multi ids. Your spamming multi id and abusive posts are clearly unpopular with a lot of people. That's down to you.

where are you seeing that?

Hi JackB aka Luxor TuT aka Brubrook, why do you think the price is rising when you expected a fall and have many open shorts? is it due to Brexit? i am interested to know your thoughts?

The shorters were very vocal about a drop and must now be burning under this nice rise. Ouch.