Member Info for oilmagnet477

..top up seems to have bought on some blue LOL

'global licensing revenue' can't see a couple of old codgers (one significantly older!!) being worth a lot LOL

You must be like one of those 'wheeler dealer' type TV shows, where they 'pretend' to make a profit but never account for travel to see the car, cost of new MOT, workshop and equipment cost etc etc. our combined transport between North and South might make a hole in the profitability LOL

Kerching is a dairy product, unique to the South Norfolk area. It is a mixture of KERd (that would be curd in Yorkshire!) and 'scratCHING', a by product of the local Pig industry. I'll wager that it is better than garlic lugworms by some margin LOL (Now everyone else is going to be thinking "WTF!!!!!!!!!!")

CB/Jim Good point, slipped my mind. I think the ferro/mn angle is possibly a significant upside here - given DR's suggestions about Gabon developing outside of the direct IO world market could hint at a similar arrangement over there too. Might seem like a strange analogy but if you were a farmer selling your products at a Farmers Mkt, by processing the same product and selling 'product based pies', significant value can be added, which doesn't always reflect the fluctuations in the value of the base product.....Milk is a great example - most producers who sell milk as a base product get royally screwed (circa 20-25p/litre) - turn that into artisan yoghurt or cheese and kerching £££. Obviously there is a limit to this niche market but then isn't that potentially what DR has tapped into? Draw your own conclusions GLA

Thanks for the clarification - appreciated. Glad to have been of assistance over the last few years - we are in a similar boat it would appear GL

I tend to agree, given the scenario you describe, however, if he turns up in the wake of permit news, as suspected, then who knows. It's amazing how the doom mongers jump aboard as soon as the red arrows appear - unfailingly, every time LOL

We've all been waiting - it's been due long enough Classic MM tree shake going on, collapse the price to pick up sell orders - does this mean the MMs have got a sniff of news and are trying to grab shares before the off..... Anyone's guess but seen this kind of mind games countless times.

Fair point F3, however, the fall in the value of MN, when set against the back drop of a significant global decline in all minerals (including Oil and Gas), is something that the industry has to take in its stride. The lower levels of profit have caused a significant reduction in production costs across the board and the CapEx to establish our mine has been slashed from the original estimates. Surely it is better to invest now, (relatively cheaply) and sit back and be in a great position in times to come when commodities surge ahead - if you don't believe they will then check out history. Having 'cut your loses' one assumes you 1. translated a paper loss into a real one, and 2. no longer see the long range benefit here - GL with whatever investments you follow but personally I don't see DR cutting his losses, so will follow his lead.

Smidsy, it is my understanding from the details I have either picked up in RNS's or discussed directly with DR, that the Togo project will allow FRX to become cash generative in a very short time frame from the grant of permit - the delay, although frustrating, has greatly improved the situation on the ground so that not only are FRX ready to hit the ground running, capex requirements have been significantly driven down - all good when we are looking to maximise margins. Following the AA/Kumba disaster of last year, I now believe DR has been engaged in the development of some new ideas here to allow the asset to deliver benefit to FRX without the need to directly use the IO world markets - not sure on further details but getting that back into the picture (rapidly after Togo permit by all accounts) could do wonders here - we go from stagnant to having 2 moving projects in double quick time. The other 2 projects are currently moth balled - DR has done a sterling job IMO of keeping cash burn pared to the bone - given the delays I've been mightily impressed that we haven't seen any issue of equity - no guarantees that this won't happen but DR has always been very cautious to avoid dilution - at significant personal cost. With regards to the other 2 projects, the FRX website is quite informative. Once Togo cork comes out of the bottle, things could get quite exciting here IMO. GLA

Cheers lano, good news on the capex front I really want this sorted now.

where the current 80:20 rule was reversed - ie 80% was easy and 20% was difficult Seems to me AIM represents 80% being difficult/failure with 20% easy/success How could this be a reality? Simple - if the world took a default position of saying 'yes' with 'no' being the exception. The global economic problems would be solved overnight! John Lennon had to die for 'imagine' to top the charts - why?

LOL - thanks guys.

anyway, never mind paint drying, my Nissun Hut will need a complete strip down and redecoration if we wait much longer, I've got mushrooms growing now in the darkest corners, it was only slightly damp when I last checked.........

As in most sports, we are far superior to the Aussies at watching paint dry ;-

I guess we're all hooked on this share. Let's hope whale be landing some porpioseful profits very soon! I dolphin we'll have to wait too much longer I kipper hoping for some blue(fin) in my port folio Batter go now before I get parana-oid

Please enlighten me as to where exactly are your ears directed.? Ta

.bit of late buying going on......up to 0.635p and some chunky buys therein. Like it....come on DR (although TOGO has been asleep today owing to a public holiday!) Looking good for next week though...........

yarp it is! Welcome and well done!

I've reported it to Google 4 times and even told DR - all to no avail, although DR did jokingly say he might consider an acquisition..:)