Thursday 14 December 2017 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
The November 2017 edition of the UK Investor Magazine is now live: confronting the new takeover code, five buy share tips (and three sells), plus what are they drinking in Scotland?
Safestyle UK – third profit warning in less than 5 months, though still reckons “modest growth” for 2018. Hmmm…
On recently recommending shares in Ferrum Crescent (FCR) at a 0.07p offer price we noted the financial position represented a risk, but that we saw significantly further recovery potential. There has since been “Quarterly Activities and Cashflow Report” and “Placing and issue of Options” announcements…
Regular readers here will know that I’ve not exactly been a big fan of Ferrum Crescent (FCR), but there could now be a slight glimmer of hope for anyone trapped in this serial underperformer.
The lower end of the AIM market can be surprisingly predictable at times, especially when it comes to raising funds, so it often amazes me how many private investors get caught out when such news comes. That would certainly seem to have been the case with the recent fundraising activity at Ferrum Crescent (FCR) and the events leading up to that, even if many on the bulletin boards were in denial of what was coming.
With any AIM listed natural resources company it is always interesting to look at where the company is at this point in time when compared to the accumulated losses of the business since it started.
There would appear to be an increasingly common correlation between CEOs who freely indulge in podcasts, interviews and courting private investors, and those same PIs getting screwed a short while later!
Dual-listed iron-ore play Ferrum Crescent (FCR) released its latest quarterly figures this morning and they contain an ominous warning for shareholders. A placement is coming, almost certainly before Christmas.
John Meyer of SP Angel this morning comments on Ferrum Crescent, Kenmare Resources, Aquarius Platinum, Avocet Mining, Premier African Minerals, Medusa Mining and W Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Today I update you on two companies that I believe are still strong buys - the shares of both could gain 150%. Ferrum Crescent (FCR) and Bushveld Minerals (BMN) are both South African mining companies with excellent resource bases at developed stages and have massive upside potential.
Ferrum Crescent (FCR) is an iron ore company in South Africa with a tasty measured resource. I covered the company in January – this was a share tip (see HERE) at 1.75p and initially all seemed well.
Today I take another look at Ferrum Crescent (FCR), the small iron ore miner in South Africa. Regular readers of ShareProphets are probably saying "Hey James, you have covered them twice in less than a month already!!!!!" This is true, but now at 2.75p, any price below 3.5p is a stonking opportunity.
I introduced the Shareprophets community to Ferrum Crescent (FCR) only a few days ago but as I continue to research the company I keep unearthing more facts that prove Ferrum Crescent to be an absolute cast iron steal. You can read that article HERE.
Following on from my tip of Nostra Terra (NTOG), I turn your attention today to another small cap resource company. This time it's Ferrum Crescent (FCR). The share price is low so it could gain ground very quickly! In 2010 it was valued at more than 15p a share, and a nice bowl pattern is on the charts.
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