Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
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.
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Comments
wildrides
Keep ramping James !
martin ashworth
If u work out the value of the metal in ground it is 53p/share. Even with mine capex, I would expect to see the stock north of 25p/share within the next 3 yrs, if not an outright takeover of the whole company, by the Indians, Swiss or Chinese.
wildrides
Blimey …… any more talk like this and I might have to get back in !
Garry Butcher
28/5/14…How about an update please, James….the financing seems to have gone “belly up” !!