RE: trades24 Jan 2018 12:40
Many so called seasoned investors probably invested months ago after the proposed placement was abandoned.
I did when the sp was lower. So what he got it on the cheap as you say. It was there for the taking-good luck to him:
Commenting today, Laurence Read, Executive Director of FCR, said:
"We are pleased to have received the backing of Colin Bird and his associates. Colin has a significant track record of delivering value for shareholders from the exploration, sale, development and operation of mining projects. By placing the Company's equity with such an investor group, I believe that FCR can leverage meaningful value from the ongoing exploration of its promising Toral lead-zinc asset in Spain.
"The Company's strategy remains focused on cost-effectively defining economically-attractive lead-zinc assets at a time when zinc demand is at a significant high. Our objective is to define a maiden JORC (2012) resource estimate for Toral by the end of 2017."
Commenting today, Colin Bird said:
"I am pleased to have supported this financing together with my associates in a material way. We back the existing management of FCR and look forward to sharing our ideas with the Board, working towards the Company's future development."
Mr Campion will be eligible to participate in employee incentive schemes operated by the Company from time to time on such terms as the Board may decide.