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2 days at 100% on News and we are rolling back to PennyLand ... ;0) FLPC
.0024 at the desk . FLPC
DMA 50 breakout , keep the pressure on ! FLPC
Looks like THE LEGENDARY FLPC BULLS TEAM is about to reborn ... ,0)
.0023 UP!
.0022 getting some love ... ;0) 10 BAGGER FROM HERE ,... intermediate target! FLPC
Warming UP ... FLPC
FLPC - Flippers/non-believers squeezed soon , be sure to stick to the price at the bid to make them unable to reload .... ,0)
BKMM wants shares too ... ;0) .0021 up ! FLPC
CJ, $7000 "traded" ... It's just not The Day yet ... Bulls are going to wake up a day or another as the company moves forward on his plans . Things seems to have already changed since Jimmy has come on board ... ;0)
Someone dumped on already ... Wish the guy who saved 1 tick would have taken out some sellers ... ,0)
Currently , there are no earnings, but speculation alone combined with tangible assets should move it to a much valuable capitalization by the Market ... But , that's the OTC ...
We are priced at 1x ASSETS ! Some rooms to appreciation , imho ... ;0)
FLPC
You can have 100M bid , but if nobody's buying at the ask ... ;0)
The traditional mill outcome usually requires a very large investment to get up and producing, with extensive installation time and a team of professionals to monitor the system.
If FLPC were to build a water and chemical based mill, the process is a challenging one. Normally, it takes months if not years for the permit/application process in order to receive final operation approval from the various licensing agencies. Additionally, the cost of design and location require extensive time and funding. Since my arrival, some of my attention has been to explore with the FLPC management team all possible refining options to move the company forward, including extensive work on mill site selection and design in Winnemucca near our Rose Creek operation. We are progressing nicely on the development for mill design and permit submission for a Winnemucca based mill facility, using advanced and innovated techniques and technologies which have a minimal environmental impact. All of this serves to assist in the permitting process.
- See more at: http://www.firstlibertypower.com/coo-pathways-progress-updates/#sthash.vXZhvOVp.SGkmSGfI.dpuf
And more assets to come ! - The laboratory we plan to have operational by October and many pieces of equipment have already been acquired and others are on the way.
In the laboratory we will be able to test and process, on a small scale, processes like ore crushing to fines, to refining, and with many results being confirmed by the assay lab and ASW. We will have the means and the ways in place as well as trained staff that will know how to handle the equipment on site.
The above ties in with the newly purchased and very advanced GPR, Ground Penetrating Radar, system which allows us to “see” in 3 dimensional maps what is in the ground – where, what and how much – so that we can be more precise on exploration, drilling and on extraction.
- See more at: http://www.firstlibertypower.com/coo-pathways-progress-updates/#sthash.0rxVYgki.dpuf
FLPC
Talking about assets , + $1'050'000 assets in the Books after closing of the SPA + existing $572k !
Now :
Current Market Cap : $1,6M
Drawn your own conclusions ... ;0)
FLPC
" We are progressing nicely on the development for mill design and permit submission for a Winnemucca based mill facility, using advanced and innovated techniques and technologies which have a minimal environmental impact. All of this serves to assist in the permitting process.
What’s more, the work that is being undertaken on the Winnemucca process will be very complementary to this past weeks’ announcement of the 50% share purchase agreement (SPA) with Coronet Metals for the Liberty Mill operation. The Liberty Mill is expected to be tailored for near-term needs which will allow the company to further benefit from revenue opportunities. The company’s objective is to optimize the ore processing stream and processes at both Liberty and Winnemucca.
Here are some informational facts on the Liberty Mill Facility. It is located on an 8 acre fenced yard on 40 private acres, and operates on 4.8 acres within the fenced property. There is an 80 by 150 feet industrial building with a concrete reinforced floor surrounded by an 8 inch high containment curb. Liberty has sufficient water and electrical service to meet any contemplated future expansion processing requirements. There are containment structures outside the building for storing feed materials, solid liquid separation, recycling solutions and evaporation of process solutions. Additionally, the gravity separation mill employs a waterless (minimal water) closed-loop system involving very little use of chemicals. This system reflects the Company’s dedicated concern for environmental safety. This operation is expected to produce a high-purity mineral concentration, which will result in a greater market value.
First Liberty Power is pleased to add a fully operational mill to our business plan. Additionally, we will continue to clearly focus on getting our Rose Creek gold venture up and producing at Winnemucca as quickly as the permits and resources are available.
- See more at: http://www.firstlibertypower.com/coo-pathways-progress-updates/#sthash.0rxVYgki.dpuf
FLPC
We just added $1'000'000 assets to the book... ;0) FLPC
It's certainly on what the bidwhackers are betting on , but they are playing with fire , imo ;0)
(... got burned over the last 9 months just like many of us here ...
Acting as , but claiming he's making money while mocking everybody ...
A trend reversal will bring many of the old longs back, I believe
I hope so , that was a GREAT BULL TEAM on this storming run to .08 ! ;0)
Bidwhackers at work . FLPC
Once again , some are making all what they can to keep it down , will be burned soon , imo ;0)
"In order to be able to manage costs and to create a library of our own from ore cores/samples through to refined products, we also been working on establishing a First Liberty laboratory, also located in Reno, and nearby our assay lab and our lead consultant ASW – who also supports our efforts with full access to their facilities as well as working on ours.
The laboratory we plan to have operational by October and many pieces of equipment have already been acquired and others are on the way.
In the laboratory we will be able to test and process, on a small scale, processes like ore crushing to fines, to refining, and with many results being confirmed by the assay lab and ASW. We will have the means and the ways in place as well as trained staff that will know how to handle the equipment on site.
The above ties in with the newly purchased and very advanced GPR, Ground Penetrating Radar, system which allows us to “see” in 3 dimensional maps what is in the ground – where, what and how much – so that we can be more precise on exploration, drilling and on extraction.
The equipment has been tested for a month now in ASW facilities and will be used initially on the Rose Creek gold site."
Per last Jimmy's update .
Only retailers at the ask , it can explode at any time ... ;0) FLPC
Tasty... ;0) Go FLPC !
Things can change in a flash , that's the beauty of OTC ... ;0)
Believe me , i follow this ticker since march 2013 , there is a "group" in this stock which is making everything to push and keep it down since several months , it will be a tough war but at some point , they will realize that they can't control the Market anymore ....
Usual manipulators at the ask , i wish a sudden spike in volume to squeeze them out, then we run . FLPC
Private placements with accredited investors as Tonaquint are easy and fast to obtain with less paperwork than a follow-on public offering which is time consuming in paperwork (SEC/FINRA), costly , and can take more than 6 months before getting some capital.
The success of such public offering is also not assured given the evident poor attractiveness due to the current distressed valuation of the company...
All imo
Not sure when they are going to mine again in Fencemaker.Meanwhile, they will need working capital. Of course, I will be happy to see revenue from Fencemaker as soon as possible.
FLPC - Regarding Financing options , does anyone have any news regarding the RL / Mbest offer on Preferred shares ? ....
FLPC - In other words , starting monday , every PPS close will determine the amount of shares the company has the obligation to issue to toxic financiers in order to honor those financing agreements .
The higher the PPS at the close , the Lower the amount of dilution ,as the lower the PPS , the bigger the amount of shares issued to cover the notes.
As i repeated many times here , the company is not behind the computer dumping shares on your bids , they are entering into different financing agreements with accredited investors as Asher , Tonaquint or else, exchanging Cash against equity at due dates . Those who are selling this dilution are the Toxic financiers through their Market Makers .
On a personal note , i would say that even with 2B shares outstanding ( currently 1B ) , the Market valuation would be a ridiculous $3,2M at the friday's close , so , even if of course i'm not a supporter of dilution , my opinion is that the company still has rooms to success despite the fact that we are still paying for Fencemaker . Fencemaker should have bring revenues to the company and his shareholders but fails to do so because of a certain amateurism regarding the refining process of the ore . The whole plan has proven to be non viable without a own mill.
Now , they have to deliver some results at Rose Creek and if they are finally able to produce some tangible results regarding revenues stream , the best option would be , in my opinion , to launch a shares buyback program in order to boost the PPS up , return shares to treasury , and be able to obtain the necessary financing to pursue their goals without a RS or continuous AS increase. As the higher the PPS , the lower the
amount of shares to issue to financiers .
I'm saying it because , at the moment , i don't believe the company would generate sufficient cash from Rose Creek to avoid further financing , and /or to be able to obtain common bank loans . In this scenario, the only source of financing will always be convertibles notes . So, deliver RESULTS at Rose Creek , buy the shares back , boost the PPS , and obtain new financing at lower rate of dilution seems to me the best way for the company officiers who are also shareholders , and for all of us of course .
GO FLPC ! ;0)
Cheers
FLPC - Convertibles Notes Agenda till december 2014
Note issued October 21, 2013 with interest at 6% per annum. Principal and interest are due on October 21, 2014. The conversion price shall be equal to 65% multiplied by the average of the two closing prices during the five (5) trading days prior to the conversion notices.
113,847
Note issued October 21, 2013 with interest at 10% per annum. Principal and interest are due on October 21 2014. The conversion price shall be equal to 60% multiplied by the lowest closing prices during the ten (10) trading days prior to the conversion notices.
130,000
Note issued March 03, 2014 with interest at 8% per annum. Principal and interest are due on December 05, 2014. The conversion price shall be equal to 58% multiplied by the average of the three lowest closing prices during the ten (10) trading days prior to the conversion notices.
63,000
Note issued December 04, 2013 with interest at 10% per annum. Principal and interest are due on December 04, 2014. The conversion price shall be equal to 60% multiplied by the lowest price during the ten (10) trading days prior to the conversion notices.
84,249
Note issued April 26, 2013 with interest at 8% per annum. Principal and interest are due on December 18, 2014. The conversion price shall be equal to a fixed price of $0.015.
287,188
Per last 10Q
FLPC - Once this SPA will be confirmed , the current Market Valuation of $1,6M will only reflect 1X the available assets of the Company !
The last 10Q showed total assets of $572'155 on which we add $1,05M ( 50% of Coronet USA assets) = $1,6M
Drawn your own conclusions ... ,0)
GO FLPC !
FLPC - " As a result of this transaction, First Liberty will have a 50% ownership interest in Coronet USA, which includes the following: i) all of Coronet USA’s equipment, lease-hold improvements, and other assets, valued at approximately $2.1 million; (ii) all identified liabilities of Coronet USA, totalling approximately $100,000K; (iii) all obligations and rights under the Lease held by Coronet USA in respect of the Liberty Mill and associated permits, and; (iv) prioritization for the processing and refining of First Liberty and Coronet sourced ore and/or concentrates. "
per 8k
FLPC - "The company is working on finalizing the SPA with Coronet Metals thru out the weekend."
Per FB
AS has already been raised to 1,5B weeks ago. Check out the filings.
I'm with you for another epic ride ;0) have a nice weekend!
3/13 as well! ;0) Cheers
L2 / 3x 12 - 2x 13 against 1x 14 - 1x 15 - 1x 16 - 1x 17