Member Info for daramuda

I may go to the general meeting on 10/3 and anticipate that he will be there. If I go, I may mention it to him.

Michael Walters posted a blog on his site yesterday evening; he has quite a few followers.

You have with respect misunderstood the deal. FAM will issue 108 million shares to the vendors of Bluejay; in return FAM acquires the 40% of Pituffik that it does not already own. The issued share capital of FAM at present is 619 million shares. Once the deal is completed following the general meeting on 10th March the share capital of FAM will increase to 727 million shares. 108 million shares out of 727 million equals just under 15%. For 15% FAM gets 40% of what could prove when the JORC resource is announced a tremendous deal for the shareholders in FAM. What we do not know at this stage is how much of the sands from which is derived the ilmenite will form the JORC resource - time will tell. An adjunct to the deal is that FAM in respect of Pituffik will no longer have a joint venturer in the form of Bluejay for the purposes of structuring deals and it also makes FAM less a target of a takeover. Since the shareholders in Bluejay are in the round directors and shareholders in FAM, there is less temptation for the directors to award themselves tasty options. As far as I am aware the ceo does not give himself a very large salary. Following the December placing and completion of the December 2015 deal, today's announcement was likely to take place at some time; it was a question of timing imo. I am more than satisfied with the deal.

and I hope more to come when we see the JORC resource. And do not forget that Avannaa is still be further explored. cashfornuthin - you have some Aura as well do you not? That is also a compelling story.

so everyone is p*ss*d?

Has Australia been hit by a terrible disease? Hotcopper is as dead as a ................................

Thank you. This board is frequented by one or more Australians and it is great to have their insight. This not intended to lead you into evil ways but I added again today. It is not going to happen overnight but the guys leading ops found the Tiris prospect in the first place and part of the team were involved with the company's predecessors in prospecting for gold. I think that we have a fair chance of success!

If I caused you offence please accept my apologies but you would be surprised how many people buy shares without properly researching the company. Two other points one of which truthinbeer has referred to. There are individual investors who largely funded the London listing; they are not funds (iis) and there are major private investors in Australia. Secondly the company has already tied up a deal with CGN which I suggest you google to equip the prospective Tiris mine and have entered into an off take agreement; I do not know the terms but if they are decent terms that is no bad thing.

I love cherries but not the glacé ones

I am now well invested but cannot give you a share price forecast. It is much better imo to concentrate on the company's assets and its ability to advance those assets. Your first port of call should be the company's website and read it unless you are too lazy. Essentially there are four assets. 1) Tiris a uranium prospect where contractors are working on a DFS which is funded; you can research what a DFS is. 2) Tisiast a gold prospect which has just been funded by the uptake or warrants/options and so we hope the drill bit will be busy shortly 3) soda ash prospect - see the website 4) Hagaan a monster uranium prospect which imo one of the big boys will be needed to get that cracking but as the spot price of uranium rises (again DYOR) so the value should increase - there company has to do what is needed to comply with its licence obligations. My immediate hopes are 1 and 2.

Likely mid-late March according to Michael Walters

On a conversion factor of 1.615 A% at 4.4 closing in Australia these are just by that factor alone undervalued in London.

First the appointment of a salesman last Thursday; today the announcement of a production and distribution expert as COO plus a geologist. The board must have extreme confidence in the resource that it has at its disposal. We will have to wait however a few weeks for the announcement of the JORC. FAM could prove a very sound investment.

Get in touch with the company and ask the board to revise the top 20 shareholders on the company website and tell the board that if the board does not, you will raise the matter with the AIM regulators.

May it be a good year for the board, our British and Chinese workforce, those with whom the company associates at Xinhuatong and all shareholders.

It is my opinion that shorters (and gemstar may or may be not one of them) attacked this stock from last Monday and slowly drove the price down, triggering investors stop losses until investors bought in afresh and for all we know some shorters closed their shorts casing a rally in the stock from its low point of £1. Several persons are reported to have contacted the company and been assured that there is nothing wrong with the company and that all is going well.

From comments made by some on advfn who have spoken to the company there is no company reason for the price fall today; others have said that there is a bear raid orchestrated by the mms.

I am not interested in the winter months; I am only interested in the warmer months and 24 hours of daylight and that it would seem is the way the company is looking at the project.

news afoot?

Thank you R