Firering Strategic Minerals: From explorer to producer. Watch the video here.
https://www.youtube.com/watch?v=tS-Fg76KoeU&feature=youtu.be&t=59
I went through this same interminable process when invested in EMED Mining (Now called Atalaya mining) waiting for years for them to receive a final mining licence from the Spanish authorities (delayed loads of times) and after about 30 months I gave up, lost a fair few thousand and then watched the SP treble about a year later when finally the licence was received and the promised production and sales were not only achieved but exceeded. I sold out because of impatience and frankly because the time delay plays into the hands of trolls like Quisad who constantly imply that what is happening is all smoke and mirrors and the company will never actually thrive. I will not be making the same mistake here. Of course the delays are hugely frustrating but it will come good we just need patience. Keep the faith!
1) sales orders update, targets and estimated timings of winning more. 2) Will delivery/distribution costs be picked up by the purchasers or is it included in the 60 dollar per tonne price? 3) What is the cash position and burn rate - will more cash be needed prior to sales receipts coming in? Thanks
Yes, just need patience now. Good to see a couple of £20k buys going through as people use their Share ISAs fully on HMI. They know what is coming. As the update from yesterday said “project is technically derisked”. The demand is there, even better than budgeted, the sales will start coming through. MAPA certification is no doubt important to assist with sales but that will come. Good year ahead I’m sure.
Just impatience from certain sellers as usual as we are having to be even more patient again waiting and waiting for the MAPA and related sales news. Not helped by the this week being the end of the tax year. In a few weeks we should be back on track and I think at the start of a really exciting ‘rest of the year’!