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Oil India disagree and are ploughing money into this license. tens of millions over the next 18 months. There will be plenty of news as this advances. Natlata are also committed., and Ireland where PTR traditionally raise lots of money is on the rise too, so funding is less of an issue. Of course Oil Prices not helping.

Matt this is a $3billion company if it were in a debt free position. or $2billion on a bad day. So why is the market Cap at £200m or $300m? the answer is simple, as you know the debt is massive here and the terms are short, all under 4 years. Despite this monster making a cool $250m to $300m a year operating, this debt with very high interest rates, is touch and go regarding meeting repayments. Fag Box in the pub? lets assume $250m refit, take away $80 interest each year albeit reducing so that $170m to play with, But these loans average $225m per year,,,so we have a shortfall…. Bondholders are Bas…..ards,,,, but its unlikely they would topple the company over a $50m shortfall. So it's possible dilution and restructured loans,,,ouch. But, some like me, believe this will pull through, and the bondholders will deal. In six short years this company could easily be debt free and making $250 to $300m a year at $50 a tonne. So Matt its a gamble, the company has a chance of bankruptcy too. I would guess there is a 10 to 20% chance of that. Or at least the Bondholders take 40% of it in exchange for more funds…. up to you

The company has made it clear that it has slowed production to facilitate a further ramp-up that will be in place in the third quarter of this year. This will have a knock-on impact on sales and marketing as the company tries to conserve cash during this period. By now, larger stones, and stockpiles of smaller stones will be building. The key determining factors will be 1, size and quality of the stones 2, route to market defined and proven with sales. Neither of these factors have been fully proven as of yet. I should be noted that the mine is still in its first year of production and lots of issues will need adjusting. The nest news will give some indication of the path ahead but in reality it will be early January before we truly know what's what here, after the Q4 figures are released. mining in Australia has many advantages, costs are not one of them. So, it's down to the quality of the stones, plain and simple.

we should have twigged it. Blackrock selling, they are probably buying back today. Blackjack more like it

disappointing, but Q4 is if, IFFFFFFFFF.

seems our board are not asleep...https://translate.google.ie/translate?sl=ru&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.kommersant.ru%2Fdoc%2F2874026&edit-text=&act=url . this could be a decent deal.

Ovica Gold are bidding on this….interesting ...http://www.rough-polished.com/en/news/92747.html

one wonders who is buying ??

This company holds 1m shares in POLY, who themselves have seen a 40% rise in their Mart Cap in the last year. Adding a huge £2m to the £5m Ovoca Gold held in shares. The holding is now worth £7m. A steady dividend of £120,000 per annum helping with the company bills no doubt; feeling brave ???

https://translate.google.ie/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.krsk.aif.ru%2Fsociety%2Fbrosili_umirat_37_vahtovikov_mesyac_ne_mogli_vyehat_iz_taygi&edit-text=&act=url

the company OG was suing for the $6m loan has just been declared bankrupt. apparently Mgt offloaded cash before the collapse. so now the assets get liquidated. They do have a producing Oil field, I suppose OG will get 'something' from this mess.

Awarding themselves shares are Nil cost to reward themselves for doing a brilliant job/ It's laughable. what about the $175m that got lost in the Boss's personal piggy bank? Please…...

hard to see this price resistance holding at. 37p with a sea of blue flushing in here.

I'm here several years myself, It has been a long road with painful results so far….You can't beat a laying hen. The hen will start laying soon enough here, and hopefully we will recover out loses to date. Its a cheap share at this price. I might buy in again.

Pity the share price did not rise on the outcome of the peace talks here,

I see Ferrexpo quietly paid their Eurobond interest coupon last week . $18m ! They have the PXF loan this week - another $17.5m . The company appears to be making $25m a month based on premiums and indexed contracts from 2 to 10 years. Coupled with a slightly higher output and slightly lower costs in C1 and C3. The $70 iron price will give a welcome breather .

The word on the street is PJT are no longer the advisors. Dispensed with. That could be a good sign.

Ferrexpo Plc (The "Company") Appointment of advisor The Company announces that it has appointed PJT Partners (UK) Limited ("PJT Partners") to advise it in connection with its ongoing debt negotiations. Contact details for PJT Partners are set out below.

sept 2016. ”. Over the weekend, the UK’s Sunday Times reported that the company was considering hiring an external adviser to help with a debt restructuring, though on Monday a Ferrexpo spokesperson told IFR that this claim was false. “It is completely untrue, we are not seeking financial advisors for a debt restructuring,” the spokesperson said, adding that the firm is not seeking to restructure debt.

tactics..and pressure.