Member Info for JimBL

Misleading comment that. BHP is not a DMTU price, FOB. FRX is! "BHP said it achieved an average of $70/wet mt FOB for iron ore sales in July-December." That's a report from February of this year.

Best way, mate. Hilarious that the share he posts most about he's not even invested in!

My agenda is to make money based on the inherent fundamentals of a company. Anyone who attempts to make money based on misleading others, either by blatant deramping (or ramping), are the problem with these BB's. .

Why is any scenario 'possible' except the one we have been informed of? If this license is delayed beyond the end of Q2 then it will be once again because of the Togo Gov and absolutely nothing to do with the BOD. The reasons for delays so far are well documented and it's not because of any scenario that this poster keeps stating. If any scenario is possible then it is just as (or more than now) likely the license will be RNS'd within the time frame. yet this numpty never ever goes down that route. He is not invested here so what on earth brings him everyday to **** this share off? Simple as his posts - he wants to talk it down in the misbelief he actually effects the SP and can get in at 0.35 for a 'gamble'. If this is the sort of 'opinion' you choose to read or listen to, you are welcome to it. But I don't see any requirement to humour him in anyway.

Of course we have answers, you coconut. I know you hate to acknowledge facts but they are all there to read and understand. I am sure even you are capable if you try. Thankfully I'm filtering you after this.

The only concern we have is you, and your mental health state. Your deramping isn't even insightful with a conspiracy or two to keep us occupied. Stuck record. Finally going on filter as I can't entertain your idiotic posting any longer.

@Andee - comment firmly directed toward ITYS and his moronic ramblings!

Welcome to the Ferrets! Normally a good mannered and knowledgeable bunch in here but the odd coconut shows up, as with all BB's. Hopefully you've joined us at just about the right time.

Well, you know the analogy of a broken clock. This coconut can't even manage to be right once a day!

What is it about his view you like? He posts nothing but the same message and adds absolutely nothing at all to the discussion. All he has to say is - this is a dog share; the BOD are liars; the mining license will never be issued; the mining license may be issued; he is not invested; he would never buy in here; he wants to buy at 0.35; the SP is heading down to 0.35; If that is informative to you then fill your boots. otherwise its rather obvious what his agenda is and the fact he seems to think he can manipulate the SP all by himself! And just to point the obvious out - the SP is still nowhere close to 0.35!!!

The newly acquired resident BB clown sure has changed the dynamic on here. I'm in 4 years now and what used to be informed posting has turned into a bit of a sh*t show of late. Frankly, if someone has got nothing more to add than the desire for a much lower SP, or indeed that every trade every day needs reporting, they should find something better to do. There's a good bunch of LTH's in here and we are indeed a very well informed bunch.

Facts, would be referring to the whole picture, not just selected sentences. Not sure who you may think you are influencing but in reality you are just proving what a sad and deluded individual you are. Have you nothing better to do on your weekends than post on a share you don't hold, every day? Perhaps a NPV of $100 million for a ferro manganese operation is something you just can't understand? Or $530 million for Melalene, and Mabega yet to have a NPV assigned? Go take a walk with some imaginary friends. The only person you are fooling is yourself.

Good question. NPV of $100 million was given last year (before a resource upgrade) for the Nayega stage 2 ferro manganese option. Not sure how much the stage 1 manganese will add to that though. Of course we already have a $530 million NPV project at Melalene, and Mebaga is still to be valued. Iron Ore is on the back-burner however - unless as I suspect, a sale to a major seeking low capex/opex resources comes forward.

And the mining code discussions/submissions have only just been completed this year (end of March). It seems that facts aren't of much use to you or your opinion are they?

Because you know absolutely nothing about this company nor the country. The new Mining Code brought delays that were not originally foreseen. With that brought the Environmental Impact Assessment etc etc. Those are and were all necessary for Togo's compliance with EITI (Extractive Industries Transparency Initiative). " “in the last five years we have received an increasing number of requests for licenses for exploration and extraction, for all minerals, leading to an urgent need to establish an institutional and regulatory framework that is efficient for the organisation and management of these licenses." The challenges identified by the 2012 EITI report will inform these important reforms." So, anyone wanting a balanced view would do well to learn the facts. Not listen to this BB's resident idiot.

How anyone can think this coconut has a balanced view is beyond me. Take a look at his other posts. He's on here deramping simply because he says he wants to buy at 0.35 a share he slates with every post he can. He doesn't even have any, yet spends all his time trying to bring the BB down. Read his last comments about Directors on AIM (another share), then understand this BOD have previous company sales approaching $1 Billion!

African Mining Intelligence articles - much better informed than our now resident BB idiot ITLY! "Ferrex Plc and Togo’s government reached agreement on March 30 concerning the Nayega manganese project. According to our sources, the contract, which covers the fiscal, environmental and social aspects of the program, complies with measures in a future mining code. The talks, which lasted four months, led to a meeting between Dave Reeves, managing director of Ferrex Plc, and mines and energy minister Dammipi Noupokou. The Norton Rose Fulbright law firm advised Ferrex while Togo was represented by McDermott Will & Emery. The company hopes to export 250,000 tons of ore per annum over 10 years. It will be conducted by SGM SARL, an 85% owned affiliate of Ferrex. The agreement is a first stage before the granting of a mining license. That will probably take place by the end of June, following presidential elections in April." "The Lome-based West African Development Bank may provide funding for Ferrex Plc’s Nayega manganese project in northern Togo. The mine will require $15 million, including $3 in working capital. Roughly 65% of the $15 million will come from loans. Ferrex is also thinking of a deal with off-takers or with a strategic partner. To carry the manganese to the deep-water port of Lome, Dave Reeves, managing director of Ferrex, plans to use the truck fleets of various cement manufacturers, such as CIMTOGO (Heidelberg Cement group) which regularly travel from Lome to Burkino Faso and return empty on the way back."

He's a coconut, mate. Pure and simple.

You plainly have zero understanding of why that is. The whole mining law/convention was reviewed by the Togo Gov (commencing 2012) which changed the requirements of obtaining exploration/ mining/ production licenses. That was only finalised in 2014. That was all out of FRX's hands. They have responded very well by completing all the necessary processes in collaboration with the Gov. That included the newly requested Environmental & Social Impact study. Learn some facts before spouting off.

Local press - "The opposition leader’s challenge is that the electorate seem to be in love with Gnassingbe’s massive infrastructural projects such as opening up small towns and farming communities with good road networks." I think that says far more than the resident de-rampers cuckoo opinions on here! 500 jobs to create, improved infrastructure, taxes and revenues. Gnassingbe a shoe-in to win again. Happy days ahead despite what some (non invested) morons may suggest.