Member Info for itellyastraight

your still £3800 down. decided not to bother buying at .35p as they have been waiting 3 years for the permit and I think they will go bust if they don't get it,imo I don't think you even knew they applied for that permit in 2012, I think it was news to you when I posted it up.

you do make me laugh your 5k down and no permit in 3 years. will be under 0.35p when permit does not come.lol

the news we were seeking didn't come due to the togo election and DR producing a sound document to hand over to the ministers (Which have already been signed off by the government). that's rubbish they applied for the permit nearly 3 years ago, must be a long election, lol

Lol the only cycle you know is PUMP then DUMP.

you have worked him out after 7 posts, well done that man.

people only resort to abuse when they have no argument. I think you bought in here without proper research and now your getting angry, the more you research this company the more you see that it looks poor and they have been spouting the same tune for nearly 3 years.

Why would you keep diluting shareholders to prove up something that you can not mine because they have no permit. Why do they keep saying the permit is coming for almost 3 years. If that permit does not come I can see this company going bust.

if I am wrong of course I will post on here and say I was wrong, how is it a deramp when the information I have posted is from the company. also you can not take out a short position in this company, but I don't short anyway. you have seen it yourself (from the info I have posted )the company have been saying about the permit since 2012 ( nearly 3 years) and they still don't have it.

Form is always a guide to take into account but to let it totally blinker your outlook is, in short, a novice's mistake. are you for real?? its not my outlook or blinkered view or a novices mistake. all the info I have posted is from the company, not from me. and who are these savvier and wiser investors??

do you not think the information I have posted up is relevant. they have been quoting about the permit since 2012 and it is now mid 2015, and the loss has just been getting bigger and bigger. everything I have posted is from the companies RNS, you don't need to be wise all the information is there for you to see.

2011 loss £880,000. 2012 loss £1,500,000 2013 loss £1,674,000 2014 loss £2,005,000 2015 ???? the more you research this company the worse it gets as the loss just keeps increasing

the same garbage for nearly 3 years. Ferrex plc / Index: AIM / Epic: FRX / Sector: Mining 18 June 2012 Ferrex plc ('Ferrex' or 'the Company') Nayega Manganese Update Ferrex plc, the AIM quoted iron ore and manganese development company focused in Africa, is pleased to provide a positive update from its 85% owned 92,390 Ha Nayega Manganese Project in northern Togo ('Nayega'). The Board believes that the project, which has direct access to the major deepwater port of Lome, has the potential to be developed into a low capital and operating cost open pit manganese mine in the near term.

A total of 39 infill pits were dug and sampled at the Nayega deposit during the year in order to upgrade part of the JORC Code compliant resource from the Indicated to Measured category. The Measured Resource totals 2.0Mt @ 17.1% Mn, enough to cover the first three years of proposed mine life. The total resource for Nayega now stands at 11.0Mt @ 13.1% Mn, all in the Indicated and Measured categories. Exploration outside of the resource area has defined additional targets, which have the potential to increase the size of the Mn resource. The resource upgrade from Measured to Indicated was an essential milestone as we work towards completion of the DFS. A mining permit application was submitted in October 2012 and the Board is continuing to engage positively with the Togolese authorities on this matter. Unbelievable they applied for the permit in October 2012 (YES OCTOBER 2012)

I,m not the one sat on a big loss am I. when this gets mullered when permit is moved to the 3rdQ I will be in and out whilst you still sat on a loss.

get emotionally attached to shares and get upset when someone has a different view.

I found out where the cash went, they made a loss of over £2 million that's why they had the large dilution fundraiser in feb.

1.655 MILLION 7 MONTHS EARLIER THAN THE 300K GO??

IT WAS 2 MONTHS, WHERE DID 300K GO IN 2 MONTHS. 300K IN DECEMBER 875K IN FEBRUARY

RAISED 300K FOR WORKING CAPITAL @ A 10% INTEREST RATE, THEN ANOTHER 875K 2 MONTHS LATER IN A PLACING. SO WHERE DID THE 300K GO IN 3 MONTHS??

Ferrex plc, the AIM quoted manganese development and iron-ore exploration company focused in Africa, is pleased to advise that it has agreed an unsecured short-term facility for up to £300,000 ('the Facility') with parties, including a Director, on commercial terms, the details of which are provided below. With the Mining Licence at the Company's Nayega Manganese Project in Togo expected in the near term, the Facility will provide working capital to Ferrex until this milestone is reached. Terms of Loan The Facility of up to £300,000 may be drawn down by the Company on demand. The Facility is underwritten by a consortium which includes Managing Director David Reeves. The loan carries interest at 10% per annum on amounts drawn and is repayable at the Company's discretion WHY WOULD YOUR OWN CEO CHARGE YOU 10% PA INTEREST.