IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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Yes but to finish a presentation with that comment isnt exactly going to get buyers coming to the table. All it will do is encourage a few who may have not realised that they should get out until the next raise has happened, which looks to have been the scenario that has occured.
He did not actually say that, he said junior resource company's need to raise money due to the nature of their model or words to that effect. Hardly a trade secret.....
Going on a podcast and ending with the comment " I would like to remind everyone that we need to raise funds", crazy thing to do, best not to go on the podcast at all asnow the dillution will be that much worse. Its no wonder the price has collapsed. Maybe First Class is now against trade descriptions and it should be renamed Third Class Metals!
Close period is presumably the run up to year end results. Could be announced tomorrow.
From the horses mouth “Currently all Directors / management are in a ‘closed’ period”.
He has intimated he will be involved in the next fund raise. I think I’ll next top up when he does.
There are two possibilities to this relentless decline in the share price, one is there is a background seller or they have been doing the rounds for funding, in current markets that means a heavy discount.
Have checked online limits with each drop and you can buy 500k of shares at offer price, that is not normal in a usually illiquid stock like this.
Management have done a number of promotes and interviews over recent weeks yet have never ever mentioned the woeful share price performance, it is all well and good acquiring new licences but how about monetising some along the way.
I am always nervous when geologists are 'in power' like MS is here for example, has anyone noticed he only holds 400,000 shares, that is rather pathetic for a CEO don't you think.
Goodness knows where the SP is heading, market cap now around £2.5m yet have all these brilliant licences according to the BOD, sounds like Panther Metals all over again.
Good point re the CEO of POW but doing it and saying it are two different things, they raised a small amount at 1p recently and have seen the share price fall back hard with no support so that model is hardly a shining example.
The whole system is failing, the markets are not working like markets should. FCMs progression should be rewarded with a share price increase not constant pull back on success.
Not sure what the answer is here.
Just to add, the CEO of POW, who are one of FCM's largest shareholders, in the same podcast (link in earlier post) made a vicious attack on the antics of AIM brokers/market makers/insiders by suggesting they are happy to destroy value, not add it when deserved, want heavy discounts on equity raises and the latest trend being demanding warrants so they can flip the shares and sit on free warrants. In other words the whole system is failing he implied.
He more or less said unless this changes he will go elsewhere for finance, hopefully the BOD of FCM will take his advice.
What a dog of a share this is, £170k private placing at 4.5p only a few weeks ago and now the bid is 2.8p, fallen from 18p, what he heck is going on, who is selling at these prices.
In the last few weeks they have raised £250k so the cash situation is OK, they need to secure project level funding as opposed to dealing with bucket shop brokers in London.
Talk is cheap, get a deal done and prove the value they suggest they have in their project portfolio.
Genty
he's right,3.00p should be the downtrend low..imo
Maybe the best buy call where the SP is at at the moment, check out the chart on X
https://x.com/Justsharesonaim/status/1772545259601371585?s=20
Placing on the way going by the free fall and the comments from Marc with the Sunday roast lot, need an asset sale soon, market has no patience for exploring only.
Spot on 😂
I’ve given up trying to understand the markets , company adds $200k free cash to the balance sheet and somehow the market cap dropped the value by about £400k
🙄
Would hate to think what would have happened to the share price with any negative vibes! LOL
Just listened, positive vibe and progress
Discusses recent events and prospective deals ahead with a number of interested parties asking for site visits of the properties, it looks like one deal in particular could deliver a significant value event if completed.
FCM interview from 13 minutes.
https://tinyurl.com/5xrpfukd
Crazy you cannot post links on this site to resource company's?
First one was Frontier Lithium PAK Lake, second Evolution Mining Red lake.
One a major lithium deposit, the other a gold mine.
Looks like McInnes is a greenstone belt with pegmatites intruding into it or intrusive into it (not sure).
More detail on this in the FCM telegram which is the location I robbed the idea from, looks a decent group.
Wasn't aware but location wise it is just south of this major lithium project.
[LINK REMOVED]
And North of these major gold projects.
[LINK REMOVED]
Use of proceeds "Full Repayment of the Sanderson Capital Partners Convertible Loan Note (the "CLN")."
Nope is isnt read the rns! Paid off with https://www.lse.co.uk/rns/placing-to-raise-194163603000-q3l3nrlx6xdsokk.html
Use of proceeds "Full Repayment of the Sanderson Capital Partners Convertible Loan Note (the "CLN")."
The CLN was paid off November see RNS below.
Wasn’t this paid off? https://www.lse.co.uk/rns/FCM/placing-to-raise-194163603000-q3l3nrlx6xdsokk.html
I believe £250k is due to Sandersons, imminently, like this month, if not this week.
Well they have bagged £250k over the last month which has to be positive, the news printer also seems to be active so one wonders what else is to come, only circa 80m shares in issue means the company is only valued at £2.7m compared to £12.5 early last year.
Would suggest the floor is in.