32 replies to this topic

[Magnet]

great spot. What's your price target?

 

This could possibly 10 bag within the next 6 months.  Wednesday or next RNS target of 20c.  Watching the UK charts though.

[yusufm]

Rns imminent. Already out on website. Money secured n payment to be made on or around Wednesday. This is about to double up.

Sent from my SM-G920F using Sharenet Sharechat mobile app

great spot. What's your price target?

[Magnet]

Rns imminent. Already out on website. Money secured n payment to be made on or around Wednesday. This is about to double up.

Sent from my SM-G920F using Sharenet Sharechat mobile app

[Magnet]

Hopefully this news drops next week and we will be over 20c immediately.  Beginning to doubt whether news will actually come.

[myusuf]

I don't know much about the company

 

But this share could be a 10bagger if we get good sens on the 14th - that's why even though I didn't like it at first I did buy 10k worth a month back @11c so now lets

see what happens

[Magnet]

Just In - In relation to Ferrum Crescents Off-take agreement with Duferco SA.  Gaining further Support from China's largest steel-making group?

 

"South Africa's competition authorities have approved with conditions a merger between China's Hebei Iron and Steel Group Co. and Swiss-based Duferco International Trading Holding, which has units in the southern African country.

Hebei, China's largest steel-making group, raised its stake in Duferco to 51 percent last year, to increase the state-owned conglomerate's ability to sell steel overseas.

The competition commission said part of the conditions for the merger were that there be no retrenchments at Duferco's South African subsidiaries, which include Duferco Steel Processing (DSP) and Duferco Distribution Services (DDS).

The commission also stated that Hebei should not change its plans to develop a steel plant in South Africa, saying it needed to protect the public interest concerns arising from the merger.

The merger has put Hebei in control of a big European trading firm, underlining China's dominance in the steel market in which the Asian giant is the world's largest producer and consumer of the alloy. (Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia)"

[soutie]

Personally I can't see an investment case for a greenfields iron ore project gaining much support.

The are spread over 3 listings which must consume cash from a regulatory stand point & I've seen how some financing houses operate on UK's AIM market via my holding in Jubilee Platinum. Not worth a punt IMO

Best of luck will keep an odd eye out for your success in this 1.

Cheers

[Magnet]

No not me.  Would not be purchasing R300 worth of shares anywhere.  got about 20k's worth of shares last week.

 

I noticed too that only half of the 600 mil shares are in private investor hands.  Which leaves about 30mil in rands to be traded across SA, UK and Aus platforms.  If funding does come before 14 July it should climb very easily.

Edited by Magnet, 08 June 2015 - 06:58 PM.

[soutie]

Was that your purchase today Magnet...?

[Magnet]

Jeez - a reply from someone who has posted for the 2nd time and another who has posted for the 6th time.  I will be buying a small amount.  Prospects do look good for high grade iron pallets.

[myusuf]

The share in all honesty looks like Junk status

[grr]

Possibly a case of the broker speaking the value up?

[Magnet]

Anyone have some decent info on the dual listed JSE:AIM FCR?

 

The broker note released by Beaufort Securities this month indicated a 30x current price target!

 

 

Seems extremely cheap and big news out soon on R120m funding for BFS.