Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
wildrides
Already bought in following your first tip of FCR.
martin ashworth
Yes, and the Measured < Indicated & Inferred total JORC Resource is actually 307m tonnes of Magnetite, which is easily pelletisable for use in modern electric arc furnaces. even at todays iron ore price of $122, that would equate to a metal in the ground price of 68.7p/share, assuming that there are approx. 330m shares in issue after the Anwar Deal. Note also that Mr Nealon & his deputy are both putting their own real cash into the Company in the recent private placing. Facing both India and China across the Indian Ocean its not hard to see where the end user mkts would be.
paul
come on James, what is going on with your ‘stonking buy’.
stinking buy was probably closer to the mark! lets have an update on what’s gone wrong, as i thought you said they’d receive their instalments and the price would be re-rated!
wildrides
Paul .
I bought and sold at a profit …………..I think you missed the boat chap . Aim is like that ……….sell and lock your gains in before the “slow bleed” of AIM BOREDOM sets in .