Member Info for Psyclops

Is he still bitter about being thrown off iii? Clearly he knows more than the Market Makers who marked us up on open too... Dont be srprised to find large buys after hours given the way this opened this morning. GLA! ;)

Easy tiger, 500K is only £18K... Looks to have woken up a little over the last week, technically yesterday was a cracker, closed above the 100EMA and Tuesday saw the 20EMA cross teh 50EMA which is further confirmation of a breakout.

None of the current Directors of FML have any connection to SKR. Two of the financiers behind FML's IPO also helped finance the IPO of SKR and MXP. The directors holding is only a concern in so far as having only 280M shares in circ clearly impacts the liquidity, I have no issue with them holding though, in fact it is reassuring as at some point they will want to realise value as well!

All is progressing, commissioning of the plant at Benkala will happen in the next 4 - 6 weeks and from that point on it is full steam ahead (apart from a well deserved break during the depths of winter). The BFS is ongoing and once the technical discussions around the 2M high heaps are concluded it should be released which will be useful for the II's watching us (and they are). Baitemir is the dark horse to keep an eye on, the company has stated the results so far are encouraging and have announced a further 10KM of drilling to define the limits of teh deposit - not something you would do in uncertain times unless the results were very good... Watch this space. ;)

I know a number of the BoD are tearing their hair out in frustration they are in a closed period...

http://www.proactiveinvestors.co.uk/companies/news/28868/full-steam-ahead-says-frontier-mining-as-2011-promises-key-decisions-28868.html

I think you are confusing objectivity with subjectivity. Have you ever spoken to the company about their past efforts and reasons for doing things? I have and I am comfortable with the progress as I am also comfortable with Erlan's holding - without him the company would have collapsed in 2009 so to begrudge his deal making to save the company is a little short sighted. In any event, we will know whether they have turned the corner in a few months...

So you don't see the merger, the acquisition of Benkala South, the stock piling of ore, the funding announced to see us through to production or the BFS that is due in the next week or so as being material in the companies stated target of producing Copper this year??? A simple scan of the news flow this year will show a complete turn around by the company and with the strengthening of the board they are well on track to hit their goal of production this year - from which point they will achieve that critical mass of self sufficiency and tehn my projections will be borne out. A simple scan of AIM minex juniors will show you that the sector has had a huge haemorrhage of cash - for what reason is still being debated, but a huge number of these companies are down 40-60% from Jan/Feb highs.

Clearly a lot of research has gone into that view...

It was a concealed buy, there is no way the MM's would buy at the mid point and then mark it down below what they paid for it... I would not be too quick to rush into HMB, the board are not overly concerned about shareholder value as evidenced by the placing recently at a 50% discount to the prior trading range and they have struggled for a while to get their costs under control, added to that, they seem to be a one trick pony. FML is producing gold on a modest scale which funds further exploration on the site however it is Benkala that is the focus and will produce copper in just a few short months. The $40M debt FML has taken on will be repaid easily next year with revenues closing in on $100M and they must have a pretty damn compelling case if HSBC will loan them $17M of it! $300M revenue in 2013/14 will more than satisfy the banks and debt will be a thing of the past, 1.5MT of Copper in one mine will see to that - it comes on line in September. ATB! ;)

You should all watch this, looks like it was flimed the day of the Proactive INcvestors presentation: http://www.proactiveinvestors.co.uk/companies/stocktube/754/erlan-sagadiev-from-frontier-mining-says-frontiers-low-share-price-makes-no-sense-754.html

Sorry, just seen your questions... Erlan is so positive he said he will start buying shares if the SP stays at this level once they are out of a closed period. They have various theories about selling mostly to do with the commodities sentiment. There are off takes agreed for both Copper and Gold which will be announced after the BFS.

Not at all, Disco it's a fair question. Almost the entire Minex Junior Sector on AIM is down 40 - 60% from Jan/Feb prices, the market is jittery about commodities prices. Erlan made the response when I pressed him last night on the SP and the brokers role in supporting it that nothing has changed negatively for the company since then and the sellers need to really ask themselves why they were happy to buy at 8p and then sell at 4p.. He then said if the prices were still here next month after the finals are released then he will be buying more himself... Bottom line is, it looks like there are a lot of investors taking cash and heading for the hills.

There is only 15% of the company in free float, thats 281M sares. No one on the share register has been selling - this is simply depressed at the moment despite about to start rolling copper out the door...

If anyone is attending the PI One2One a number of us will be meeting from 4.30 at the nearby pub, The Punchbowl.

Traders form the last couple of weeks cashing out...

Now let's get us back to where we were before the BFS is released...

The Shareprice cannot stay at this level for long and RenCap can't have that many shares left to sell... This is exceptional news, it is as I understand it the last possible roadblock to the merger, we have the rubber stamp and the BFS due sometime before early May and by that time operations would be well underway at Benkala.

Not too sure, may be worth keeping an eye on the loans for the next few days, it is actually only an additional 5M gone out in the past month which should hardly cause this much of a fall.

On the LSE today tehre have only been 2 sells: 16/03/11 08:22 4.18 11,725 O 4.0 4.25 16/03/11 12:09 4.13 15,333 O 4.0 4.25 Every other trade has been executed at 4.25 which is the offer apart from 3 that went through at first thing at 4.24 7M bought today suggests a large seller, but of only ~250M shares in free float, this in combination with the previous days/weeks selling is now approaching a total of something like 40M that has been sold to brng the price down - far too big a % of the free float IMO - I am starting to wonder if there has been a short attack and now is being held to fill a position...