Member Info for fireheart1

Yes, was just reading it.. Not bad, for start up.. Now in a cash producing stage, with Gold assets to develope, so not too bad..

No mention of Swazi Gold I see, I did email yesterday..

Have caution here, most of you were about when this went up 400% 7 months ago (And I know a few were left high and dry buying in at the top).. For this rise on a buy of £25K approx by a single person (I know he is an interesting chap) but remember it's only a £25K investment, peanuts to people who deal in the £M's… And the buy was at 0.5p.. Which you can see why he did it.. Barclays was only following the rule book stating that this persons interests were at a certain % level. Dont read more into it than that...

So did DWY make the payment on the 28 Feb for the Swazi Gold earn in agreement?? No news updates?

Seems a nice rise due to the interests of one person… It all depends on what the intentions are, long term and getting the hands on the company assets? Would be good.. But if he really wanted to do this surely a much bigger stake would have been purchased straight away?? Now the cat is out of the bag, what has he to gain?, apart from paying a higher premium to pick up more.. Will continue to watch from the sidelines with this. GL all..

Dont think this bird will fly with news like that.... Sounds like the story of the carrot and donkey ... With the investors being the donkeys...

This is a good read on FND... And give's a good understanding of the company.. http://www.proactiveinvestors.co.uk/companies/news/4692/-finders-resources-indonesias-first-heap-leach-copper-cathode-producer-4692.html

Yes, but I have taken the plunge to see what happens (a few weeks ago).. Not much stock out there and it does move on single trades..

I have a good feeling about this one... http://moneyam.uk-wire.com/cgi-bin/articles/20090309084000H5915.html Also not many trades going on, but note the overnight trades that keep popping up...

Funny buy and sell trend with this today? Is somebody playing a game??

http://www.minesite.com/nc/uk/minews/singlenews/article/conroy-diamonds-and-gold-could-be-sitting-on-20-million-ounces-of-gold-on-the-longford-down-massif-i/1.html Dont know about this, but I dont trust the Irish, after the last few greyhounds they sold me.. :)

http://moneyam.uk-wire.com/cgi-bin/articles/200903051209593804O.html

"Finders' management has a long collective record of successful exploration and development throughout Asia for major resource companies, including close involvement with Wetar and south Sumatran gold mining," Green Leader says. Finders' second project is a large epithermal gold, silver and base metals system in Sumatra, called Ojolali.

EMERGING copper producer Finders Resources is listed as a speculative buy by Green Leader Equities, which says its attractive returns and experience should win out for its shareholders. The NSW-based company is focused on its Wetar pilot plant in Indonesia. Wetar is a potential 20,000-plus tonnes per annum, sub-$US1 a pound copper project showing resilient returns on investment. "Finders is dependent on thawing capital markets to finance the full-scale development at a reasonable cost," Green Leader says in its note on the stock. "Wetar can meet the requisite financial hurdles and by mid-2009 the demonstration project will have resolved most of Wetar's remaining practical uncertainty." Green Leader says Finders' Wetar conforms to an ideal copper project in many respects, with 2.5 per cent copper from surface with discrete ore boundaries, in a coastal location with no competing land use and a positive legacy left by past mining. Total Wetar resources are 8.8 million tonnes at 2.4 per cent copper, containing 218,000 tonnes of copper. Almost all resources are expected to convert to reserves. Forecast production at Wetar is 21,000 tonnes of copper metal per year (including the demonstration plant output) from 2011 at an average operating cost of US70c/lb for a minimum nine years of mine life.

I expected more of a fall today with the RNS after markets closed yesterday...

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2100408&source=RNS

How far will this fall tomorrow?? http://moneyam.uk-wire.com/cgi-bin/articles/200902261652489724N.html

If they want to rasie finance against the stock then the SP has to be above PAR.. If they want to raise finace via a very nice person etc (director), private type of investment then they can do this, but I think they have been down this road first before they changed the PAR value.. The fact is they either need to sell the mine, or try and rasie finance which they failed to do, or they continue surface mining.. Not the type of investment I would want to make in these times.. But then again, that can all change if a company pops up that wants the mine.. You never know.. But still not for me..

Guys, you are flogging a dead horse here.. They have lowered the PAR value to 0.5p, so they can raise finance against the stock.. Under AIM rules the PAR value has to be lower than the SP to raise finance against it.. And what happened, as expected the SP is lower than PAR again.. That was one of the last throw of the dice for these... So how are they going to rasie the required finance now??

Sounds like somebody has fiddled the books a bit..