Member Info for uinsionn

If you see my tweets I said this week news, and the info on interview was correct towards the end of last week, it’s being done with proactive

update this week, 10m shares in FF, £2m cash, low Mcap £2.5m, brownfield project, zinc lead silver copper, results so far have been great, BOD skin in the game, cornerstone investor £1.5b company, experienced team,undervalued + overlooked, IPO 25p, Rerate on the cards, got all the right ingredients here for a major move. The volume over the last few weeks has washed out the weak, expect a much stronger move from here. The spread has tightened and volumes have been up

Looks tightly held today, with news this week, this could be a big week for erris and we finally get to see our new ceo in action on the podcast

In so far as the Company is aware, the holdings of significant shareholders (being those interested in 3% or more of the issued share capital) are as

David Hall 6,827,000
21.97

Osisko Gold Royalties Limited 5,876,000
18.91

City Financial Investment Company Limited
1,500,000
4.83
Archean Capital Corp
960,000
3.09

In so far as the Company is aware, the percentage of the Company’s issued share capital not in public hands (as defined by the AIM Rules for Companies) is approximately 67%.

think people are misquoting the number of shares in FF their is original holders who have to declare to the company that hold less than 3% but were part of the business prior to coming to market. As I stated before on contacting the company the confirmed the % not in public hands is 67%, so therefore PIs have 33% that is 10m shares in FF. Just to clarify as I think people have been saying its higher but actually its less than people think.

ONE TO WATCH! What’s the potential value in the ground
Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1m per week or $163m a year. As it’s a brownfield site it means very low capex, this could be interesting for some of the big players currently looking for sites in Ireland or a smaller player looking for a manageable project with low capex they could mine easily. Should get a good guide from the next set of results which are due in the next couple of weeks, company also saying will be giving guide to what the size of the resource is, but don’t forget already identified extensions
Positve Newsflow
Erris Resources CEO, said, "Abbeytown is developing into an exciting brownfields zinc-lead-silver project. Recent drilling has shown that mineralisation is consistently present south of the original underground workings. Abbeytown is near-surface and with potentially low-cost development options for the extensions of mineralisation via the existing underground access. The ongoing drilling is helping us further define controls and geometry of the mineralisation south of the mine and we look forward to keeping the market abreast of these developments as drilling continues and once we start the underground drill programme."
Drilling at Abbeytown continues to deliver excellent results. Recent holes have extended the strike of mineralisation under investigation as part of this programme, with some very high-grade intersections of zinc, lead, silver and copper. The additional surface drill holes have further improved our understanding of the controls on mineralisation and expanded the project potential with good continuity of mineralisation demonstrated south of the old Abbeytown mine. It is now planned to test the gap between the underground mine and this recent surface drilling by focused drilling from two underground drill pads to give maximum information on continuity and grade. We look forward to keeping the market updated with our ongoing progress as we advance the project. "

RNS Highlights – Positive news from Abbeytown
• High grade mineralisation intersected in hole ERAB003 of 3m grading 10.22% Zn+Pb combined and 41.45 g/t Ag from 95m to 98m, within a wider 7m interval grading 8.33% Zn+Pb combined and 37.36 g/t Ag from 91m to 98m
• Broad zone of mineralisation in ERAB004, including 10m grading 2.33% Zn+Pb combined and 10.25 g/t Ag from 131m to 141m
• Mineralisation open along strike both to the north and to the southwest of these drill holes
• 15.63% Zn+Pb combined and 90.68 g/t Ag over 4.1m in ERAB005
• 15.57% Zn+Pb combined, 1.9% Cu and 51.50 g/t Ag over 2m from 150.0m-152.0m and 9.14% Zn+Pb combined with 92.89 g/t Ag over 4.5m from 105.0m-109.5m in ERAB007
• Copper rich intersection in ERAB010 with 5m grading 4.7% Zn+Pb combined, 1.12% Cu and 29.3 g/t Ag from 119.5m to 124.5m including 3.5m grading 6.29% Zn+Pb combined, 1.59% Cu and 39.93 g/t Ag from 121.0m to 124.5m.
• Mineralisation defined over 250m and open to the historic mine workings to the north and open to the south away from this new area of mineralisation.
• New Zn soil anomalies define parallel trends for further targeting with potential to expand the target zone.
• Since lisitng we have been granted 4 new licences in Sweden which are 100% owned by erris resources
• We have a highly qualified team on the ground to progress the exploration of these assets and to identify areas which will deliver shareholder value

KEY POINTS
Raised £4 million before expenses to develop what the directors consider to be a highly prospective portfolio of zinc assets in Ireland and gold projects in Sweden and to identify and acquire additional exploration opportunities that have potential to significantly re-rate though exploration
Strategy to create shareholder value through early generative exploration and discovery and advance projects via joint venture and industry partnerships
Industry backing at company and project level: Osisko Gold Royalties, has invested £1.47 million in the placing to become a 18.9% shareholder; and Centerra Gold has a Strategic Alliance with Erris to explore a portfolio of gold properties within a common Area of Interest in northern Sweden
Dynamic work programme planned with regular news flow from drilling reports and results, mapping, sampling and petrographic studies across key projects:
Abbeytown - a high grade, shallow, district-scale zinc exploration target in a proven mineral district in County Sligo, Ireland - 5,000-metre drill programme beginning Q1 2018, now the project is advanced through multiple drills and the results are still very positive
Focus on building pipeline of base or precious metal exploration assets in proven mineral districts and in favourable European jurisdictions
The Company is pleased to announce that Centerra Gold has elected to continue its generative agreement with the Company covering Sweden and has also expanded the programme into Finland. Under the terms of the agreement, Centerra Gold is committed to spend $250,000 on generative exploration work in 2019 with the option to elect individual projects to earn a 70% interest by spending US$3 million, as to 51% by spending US$1 million and an additional 19% by spending US$2 million.
Strong market fundamentals
Zinc in a period of sustained supply deficit, while demand continues to grow - Ireland represents a supportive jurisdiction with large scale historic zinc production
Gold likely to remain well supported in current economic climate given its 'safe haven' status

To move higher from here, very close to asset news, still just above cash position expect asset value to start kicking in soon and see us back at 25p,

At the IPO eris stated they were looking for a resource of over 8Mt ~ 12%, since then they have intersected some decent minerals in multiple holes, they even found copper.

The BOD still believe there is further potential beyond 400m from the old mine, who knows they may drill those targets in 2019.

But current mkt cap of 2.2m when they have 2m in bank and gold exploration in Sweden fully funded by our large JV partner centerra gold its ridiculous.

ONE TO WATCH! What’s the potential value in the ground
Estimate 8mt at 12.5% combined = 1mt * $2500 = $2.5 billion, 500,000 per year mined gives a mine life of 16years. That’s about 10000t per week *12.5% = 1250t ore * $2500 = $3.1per week or 163m a year. As it’s a brownfield site it means very low capex, this could be interesting for some of the big players currently looking for sites in Ireland. Should get a good guide from the next set of results which are due in the next couple of weeks, company also saying will be giving guide to what the size of the resource is, but don’t forget already identified extensions

It’s all about the news here and the delivery of the news that will drive us much higher, looking like early next week, good time to gather some shares before it lands

bought some more moving my average up as the price holds its gains happy to add on the way up as it becomes more tightly held, when it goes there will be a huge move and early entries will be well rewarded

News expected could drop anytime I would rather be loaded now than joiningbthe here on news

See what the afternoon session has in store been a very positive day so far, let’s see if we get volume into the close today with the expectation of news, I would rather be buying today than tomorrow or Monday , Ceo coming out of the closet to bang the drum

I am hearing early next week too, but wtfdik, hopefully a really positive update from the company, podcast lined up so we get to meet our new ceo, and hopefully he is going to start grabbing some of these once news is released, closed period at the moment, but company saying well undervalued at current price

Red to blue, nt , extra mm on board must be news coming, now paying over, all happening here before the bigger move on asset news

Look on the ropes here lovely bounce, spread getting tight bigger move incoming, hardly any stock available onwards and upwards to 25p

To buy currently, people still trying to get in before news flow proper value buy down here, asset value on listing was 4.25m add the cash of 2m that’s 6.25m or 20p a share that doesn’t add any extra value for the works done or the advancement of the asset, which all the results have been positive so far, podcast being lined up to go with next set of results expecting them to be positive and a rerate from here

Drop and buyers back still plenty of legs, just above cash position, fair value here well above 20p plenty to with news incoming, nice to see volume returning last few days only the start of a much bigger move imo

Got the making of a huge move on news, agree expect it to go back to 25p on the right news, Anton doing podcast might even see the directors take some more shares at this price

Holding yesterday’s move very well. Those watching for cheaper entry will be disappointed, time to buy is now before news arrives and the ceo starts beating the pr machine, biggest gains are to be made from here no point waiting for the volume to arrive you will be paying much much higher