Member Info for jascat

I doubt if we shall get any production figures before the end of June, when the 2013 full year results are released. We shall also get an update on the current situation. I will be happy to see somewhere near 1,000 tons for 2014 first half & 3,000 tons for the full year. This should show a profit of around $9 million for the year.

Yes, if you look closely you can see some work going on in that vast hole in the ground. The hole is now massive, compared to last years photo. They must have been very busy since last summer. The solution going into the holding tank looks much more concentrated than last years photo as well. Perhaps if production is ramping up, FML may be waiting to see what the final figures are likely to be at the end of June, before giving a prediction.

Not a set of photos to inspire investors. They show a great big hole in the ground, with no activity. Not an excavator or lorry to be seen, so obviously no mining taking place. No sign of the ore conveyor belts moving ore to the heaps. Very disappointed.

If FML manage to produce 1,000 tons in the first half, I will be happy. This should ramp up during the better weather of the second half. I have a total of 3,000 tons for this year as my target. Their PR could certainly be improved, although by holding 75% of the shares, it just makes us a nuisance. If there is no info before, we will get last years results & an outlook at the end of June. Perhaps no news, is good news?

LME warehouse copper stocks are at their lowest levels for six years & falling fast. Good sign for an increasing copper price.

Your figure of 50 million is not just plucked from the air.

You could equally say the same about buying. Yesterday I bought over 100,000 shares at 1.24p, as did many others at 1.23, or 1.24p. So why would someone be able to buy 1 million at 1.2p after all the days heavy buying? Same goes for the other days trades I mentioned.

Yes, it was a sell, as was the 250,000 on 30/4 & the 500,000 on the 1/5, all just before the close & just happen to counter the buys of the day & all at 1.2p. The 1,000,000 position was made available to cover the heavy buying of yesterday, in order to prevent the SP rising, as was the case in the previous amounts I mention. Someone wants to keep the SP around current levels. Further if for instance the 10,000,000 had been a buy along with the other heavy buying, The SP would have climbed.substantially.

Someone has been selling large blocks of shares at 1.2p over the past few trading days. Let's hope his supply is now exhausted.

Nigel. Sandy Jamieson is not new. What did change, was Libertas stopped being a nomad for FML & all their other clients. Sandy Jamison left Libertas to work for Cairn & brought FML with him.

Looks like Libertas capital has ceased being a NOMAD. http://www.shareprophets.advfn.com/views/3530/libertas-a-nomad-bites-the-dust-did-the-regulators-finally-do-something-right

The actual NOMAD is still Sandy Jamieson. Perhaps he left Libertas capital & went to work for Cairn.

FML is the highest percentage gainer on the London stock exchange.

The SP will initially rise & then fall back a little. This is typical. It may take a few days for the SP to climb.

Yes, the spread is robbery. When the MM's get short of stock & nobody sells, the situation should improve.

Excellent. Especially the parts about meeting production levels & being self sufficient at Benkala. http://uk.advfn.com/news/UKREG/2013/article/60344922

Will add some this morning, before the AGM & update on Wednesday.

coley14, The closer the AGM & update gets, you seem more & more desperate to try & get the SP down. I take it you have a position on the stock that requires this to happen. A clearer picture will be revealed on Wednesday.

The auditors stated they required financing to see them through the year. No new financing has been forthcoming, or it would have to be declared, so there is only one place the cash they are spending could have come from that is from selling copper. Perhaps they are not doing so badly after all.

Coley. As that statement referred to this year, they seem to have survived & are pressing ahead, stacking up the heap pads as fast as they can. That involves spending cash.