AI
Tuesday, August 12, 2014 4:13:16 AM
Focus Ventures, FCV.v (Phosphate) update
This is an update from my previous post:
The first drill program is done and so far so good. The results were in pretty much in line with what everyone expected (maybe slightly lower grades but still OK) and Focus are still targeting a maiden resource estimate of 100-150Mt at 12-17% P2O5. It's expected in August or September.
There's been a lot of warrants exercised (~19.5M) which probably (
) has dampened the share price, but also have brought in over $3M to the coffers.
Today (August 12) another 5.7M shares@0.20 will hit the market. Add to that ~3M warrants@0.265 and we will likely see more pressure on the share price for a while but this could also be a good time to load up some shares. This is (what I can see) the last batch of cheap shares/warrants for some time.
More info on their website:
http://www.focusventuresltd.com
dyod&imho
Best,
/g
This is an update from my previous post:
The first drill program is done and so far so good. The results were in pretty much in line with what everyone expected (maybe slightly lower grades but still OK) and Focus are still targeting a maiden resource estimate of 100-150Mt at 12-17% P2O5. It's expected in August or September.
There's been a lot of warrants exercised (~19.5M) which probably (
) has dampened the share price, but also have brought in over $3M to the coffers. Today (August 12) another 5.7M shares@0.20 will hit the market. Add to that ~3M warrants@0.265 and we will likely see more pressure on the share price for a while but this could also be a good time to load up some shares. This is (what I can see) the last batch of cheap shares/warrants for some time.
More info on their website:
http://www.focusventuresltd.com
dyod&imho
Best,
/g
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