Member Info for fireheart1

http://moneyam.uk-wire.com/cgi-bin/articles/20090128140000H5507.html

Lowering the PAR value of the stock is probably the last resort for the company, watch them closely...

If yur looking for a stock with cash etc, as you mentioned below have a look at DWY..

It's lowering their PAR vaule from 1p to 0.01p... The same as what SRB are doing... Suspect they need to raise finance so need the par value is lower than the current SP.... And you can forget about the value of the deferred share of 0.99p each, they are worthless...

And what about the share dilution then??

How does this work then?? The Company also announces that a notice has been sent to shareholders convening the Annual General Meeting of the Company which is to be held at 10.00 a.m. on 2 February 2009 (the "AGM"). The business of the AGM will be to receive the report and accounts and to conduct the other ordinary and special business of the Company as set out in the notice. Special business At the AGM a resolution will be proposed to effect a capital reorganisation on the following basis: (a) each of the issued ordinary shares of 1p each will be subdivided and redesignated into one new ordinary share of 0.01p each ("New Ordinary Share") and one deferred share of 0.99p each; and (b) each of the authorised and unissued ordinary shares of 1p each will be redesignated into 100 New Ordinary Shares. Application will be made for 169,165,848 New Ordinary Shares to be admitted to the AIM Market and dealings are expected to commence on 3 February 2009. Following the capital reorganisation, the Company will have 169,165,848 New Ordinary Shares, 95,319,148 deferred shares of 4p each in issue and 169,165,848 deferred shares of 0.99p each in issue.

stoodio, hope you have seen this..

Glad I didnt touch these??? http://moneyam.uk-wire.com/cgi-bin/articles/200901280929183667M.html

I dont know what trading system you use, but did it offer you a Negotiated trade when trying to sell (like allot of stocks do).. i.e. you agree and they go off and sell for a figure.. It will be the best figure they can find, and they will do it without your say so.. So if you know the current SP BID you are OK...

I'm always cautious about director buys. At the end of the day, director buys bring your attention to the company (like now). And all a director buy could be is the actual company paying the director a large dividend, and the director using this (less tax) to buy shares (as per the agreement with the company). Smoke & Mirrors…. I haven't looked into this stock, but a director buy alone would not make me buy it..

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2077319&source=RNS

The JJB gang and now the DSGI Tech guys will be after you... P.S. I concur with Evil Knievil and how this SP is far too high..

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2075373&source=RNS

As with all its peers, in the current financial conditions Finders is taking things one step at a time at one project at a time. Once the demonstration plant has confirmed to investors and financiers that the commercial plant will be viable, Chris and his team will have to raise the capex. In these circumstances this should not be an insuperable problem, as every question will have been answered, and because there are signs, even now, that money is available for robust projects which run on proven technology and offer a good return. The copper price could even be advancing by that time, as current stockpiles are at a historic low. And there should be more to come at Wetar. Numerous other gold and copper prospects have been identified there, so exploration will be back on the menu once the commercial plant is running.

When it is in production the demonstration plant is expected to produce five tonnes of cathode copper per day at a cash cost of around US75 cents per pound. This looks good when compared with the current price of copper at US$1.46 per pound, so once the project is cash generative the assumption must be that the rating of the company’s shares should show some improvement. At the moment over 15,000 tonnes of ore is under irrigation in the test heap. It’s percolating well, according to Chris. The initial take-up of copper into solution is in line with expectations, giving good grounds for assuming that the SX/EW plant that will turn this copper into cathode won’t run into problems. Finders expects to glean all the information relevant to full scale development within the first three months of the demonstration plant’s operation, and is even now seeking second hand plant for the full scale development of Wetar.

By Charles Wyatt “When the going gets tough, the tough get going”. It may be a truism in these difficult times, but it certainly applies to Aim-traded and ASX-listed Finders Resource, even if the company’s shares are on the floor. Production from the company’s demonstration plant at its Wetar copper project in Indonesia will start next month. This is a slightly later than expected because, as Chris Farmer, the managing director explains from Indonesia, a ferry sank and the port was closed for a few days. That in turn delayed a boat which contained some last bits of equipment that were needed to get Wetar up and running. In the last week, therefore, a convertible loan note facility has been agreed with Resource Capital Fund (RCF) whereby Finders will receive US$1.5 million. Chris Farmer points out, “RCF is already a significant shareholder in Finders, but with the shares where they are we did not want to raise this amount of money by an equity placement. It is vital, however, as we wanted to be on a sound financial footing to complete the commissioning stage at the demonstration plant”.

That was a BIG buy 10M.... Something happening?????

Now 31%, hope this wasnt down to ramping, as this will feed the likes of Paddy76 etc etc...

I dont agree with what TheJam was doing, but the SP is 25% up lIve...

Dont think he is trying to ramp, he is just a couple of weeks late to the party... Jam, the SP went up due to this a couple of weeks ago.. Creat holda seat on the ZZL board , and are bank rolling them, and taking 70% of the stock.. I hold these and will do as I see Zinc prices and this SP on the floor.. And there is only one way up for these.. Same with allot of other miners..