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PM me your email brah.
10q within the next 14 days. Gonna spend a lot of time with this one.
Come on in, the water is warm!
I like the "stage" component of their plan and their decision to present it to us that way. It's far better than just telling us what the maximum output of the mill is.
If anybody has time and knowledge, is there any way to use the capacity numbers they've outlined and back into an estimate of the cost of the actual equipment?
0.009 on the ask!
This is just one of many things they have been doing that will be hugely beneficial to us in the long run.
0.007 x 0.0078!
Looking good here. Let's close out this Friday and spread the word over the weekend.
Let's hope. This should be the bottom... The slow bleed may have finally ended.
Looking forward to the next 5-6 months.
They had to step back and restructure their plans. Revenues didn't come as expected, which led to a lull in news over the last few months while they reorganized. Also, they had to continue to use unfavorable lending to finance their operations. It appears that financing may be improving and that they are back on track for revenues in the late part of this year.
Me too ddm. In Pittsburgh, "winter" has been starting in late October.
He didn't answer most of my questions. He is supposed to send me a follow up email.
He sounds like a man with a plan and the know how to get it done. In my opinion, the financing is left up to Don. I see financing getting better. There's a lot of news we should be hearing in the next few months.
So, the goal is by next summer to be producing 12MT a day at 60% concentrate. That's like $60k+ revenue per day if I'm not mistaken.
News on the website.
Placeholder on website... update imminent.
http://www.firstlibertypower.com/operations-updates/
Just giving you the reality brah. I think what we will see here is a "that was the bad news, now here's the good news" scenario.
If you feel so lousy and betrayed, perhaps you should move on.
My problem with this company, and one reason I got out, is because I think they paint a much rosier picture than is true.
That being said, I think you should go back to their second week of June original timeline. It was probably the plan all along and that delay is probably the normal amount of time it takes once the product is in the system and on order. Costco has a lot of experience with this.
The pieces are coming together. I think its going to be an exciting summer.
I'm actually impressed that the pps held up as well as it did today. I was expecting worse if there was no news.
As I said, they were pretty forthcoming with the status yesterday. All you had to do was contact them. Tom Dean got back to me in a few minutes.
Two little nuggets Jimmy gave me last night...
" I have several means to my disposal doing so, so I am going to get to revenue one way or another with the present board and managment team or not."
" There is a lot in place that is not news yet so I am a lot more confident that revenue is imminent and a matter of time."
Don said in his letter that "information will be forthcoming shortly concerning the use of preferred shares, approved last year, as a means of consolidating and supplementing our asset base."
I can see giving them to G8MI as part of the $1.2M we still own them, which effectively gives them to Don and Jimmy.
Had they been forthcoming over the last few months, the pps would have tanked faster, we would be in the same place if not worse, and there would be more outstanding shares as a result.
Seems to me that, given the circumstances, being quiet was the best alternative.
It's coming today unless something comes up. Patience.
I wrote a series of emails to Bob and Tom Dean over the last few weeks. They've been very responsive lately. They weren't able to tell me much, but they apparently forwarded my comments to COO Jimmy Trikeriotis because he wrote me last night introducing himself.
This guy is disarmingly direct and is the man to look for going forward. In my opinion, he came here to clean up the mess and get us on the right path ASAP. He's very critical of management's mistakes and is personally invested in the success of FLPC.
It's a blunder. Not sure what they are hiding, but even a worse than expected report might get me back in if there is enough in there to like.
I suspect they will redeem themselves.
Today or tomorrow is what I'm now being told.
I agree with you, but it doesn't change anything in the long run. If they deliver the goods, we will all forgive them.
Both Bob and Murdock via email.
Personally, I would still expect a PR. If they don't, they're very rare cause pennies PR everything.
As I alluded to earlier, Mr. Dean said yesterday that it would be released in "the next few days," so this wasn't that unexpected to me.
As I understand it, it is currently being reviewed by their lawyers and will be released as soon as they sign off on it. I have been told that they can't release this kind of information without legal clearance.
Not what we are waiting for, but they updated this a couple weeks ago...
http://www.firstlibertypower.com/investors/flpc-summary/
Dated May 14, 2014. Some things that I like...
"Plans and permitting are now underway for the development of the mill center in Lovelock, NV..."
Near term growth strategy:
"Focus on expanding Fencemaker mining operations."
"Add additional properties accretive to the Lovelock sphere of operations.
Mid term growth strategy:
"Expand Fencemaker development with further 43-101 reports."
"Determine feasibility of Fencemaker open pit operations."
Not to be negative, but in a correspondence with Murdock yesterday, I was told that they plan on making a public announcement of the business plan within the "next few days."
I would they are on time with this, but I wouldn't be surprised if it's not today.
Last time the coo gave us something it was at like 3:30 est if I remember.
I actually think that is possible, but we have some bullets to dodge between now and then.
It's the otc... you never know what is going to happen.
We don't know. Personally, I want something either before the open or after the close.
I would imagine there will be a PR accompanying the update.
Been out of this for a little while but still follow occasionally.
My thought is, if they can't sell vodka, why can they sell brandy? And, the vodka is obviously unique, we don't know anything about the brandy.
The value of of all the contracts and all the products will not be reflected in the share price until they prove that they can execute. There's a lot of uncertainty with all of it. If Brazil fails or doesn't work out, the other "contracts" are going to looked at with a lot more skepticism, as they already are.
In my opinion, Costco is a make or break. It's the best possible place to be, but you will find out real quick if it's a product people will buy. Was the product ready for Costco? Time will tell.
Wish you all the best.
Absolutely. Strong news and achieving published milestones throughout the summer can put us in good shape.
I wouldn't rule out a nice hype bubble... Don't hold the bag this time Pitt! Know what it's worth and trade accordingly.
We didn't last year either... We will learn more tomorrow about what the future holds for us.
I maintain that they would not strategically plan to release bad news two consecutive weeks in a row.
IMO Arabia is a bigger deal than Fencemaker.
Both FLPC's and Renaissance Gold's PRs name FLPC as the buyer, no reference to stockpile reserves.
In addition, in May 14th Renaissance Gold released their third quarter results: "This quarter alone, we... sold the Arabia Project for cash and a large NSR..."
First Liberty is listed as the funding partner for that project.
NSR is 10%. That means they get 10% of the net revenue which is the sale price minus transportation and refining costs... This implies we get 90%, but also we own the mill so we will capture some revenue there as well.
Bingo... Not getting the revenue we expected doesn't change much if we can get the funding to build the mill. With Fencemaker and Arabia online, we are looking a tens of millions of dollars over the coming years. And that's just antimony, what about the silver?
Can be a $100M company in less than two years.
Seems to be a lot of that going around lately.