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Hi Pit, How can you say there is no interest in the stock when we posted record volumes last week and around 9-10m so far today?
Hi Pit, There are a LOT of shares out there and currently many do not see this as a long term investment but rather short term flip. Other news can be expected in the near future to change that, for example..
1. Gold revenues starting
2. Mill going operational
3. Stockpiled ore being refined/sold
4. Fencemaker op[ening back up to extract more ore
5. The revenues from above closing outstanding notes etc.
The starting point of the LOI closing is good and the Asher note finicshingg is just the start. Patience over the next few weeks will pay dividends! I am holding firm and have some belief back!
Hi All, We need to slap the ask and eat up the bids to get this moving, moving powder ready bt did around 6m last week so short. Really want to load more at these levels - great things coming IMO
Hi Max, yes there are some due end Oct but not on the sam scale as the one in December (could be wrong would have to check the filings again)
Hi Mikedajew, sorry to bring bad news nut I think the note was from last year to get Fencemaker up and running.Could be wrong but sure I have seen them in the recent filings on when they are due? 1 large one left I think in Dec.
Hi Nathanial, Says so on the posting so yep taking them for their word they seem to be. A couple weeks large volume and no dilution will make this thing move from the lows
Hi Everyone, perosnal take on this week is that I am happy with the news and to see the outstanding note cleared, just one big note left in Dec (I think). We should have 4 weeks where the SP can recover some and hopefully FLPC will have continued news to push it Northwards.
Although the note in December concerns me, if the mill and revenues start then this may not even hit eiher way we now know why the SP reacted the way it did this week on good news. Still potential just have to be patient. GLTA
Hi All,
Well the numbers seem to be in and as expected an increase in the float by 95m! It does state that AL outstanding Asher notes now cleared which we knew were looming so next 4 weeks should be clearer.Shares authorized now confirmed at 1.5 as expected.(hope my math is correct)
The following is the latest stock information for First Liberty Power Corp. week ending: Friday – October 03, 2014 (Latest Report from T/A)
Shares Authorized: 1,500,000,000 ***(14C Filing Completed)
Outstanding Shares: 1,017,289,780 ***(All Remaining Asher Notes Cleared This Week)
Float (Approx.): 868,393,302
**(Friday) Market Cap(est): $1.6 Million
Hi All, Just picked up another 2.2M at the ask so doing my part to swallow that dilution!! Any more ask slappers out there at these levels?
Hi Max, yep that is my take but we will know tomorrow when the latest numbers are released. I just hope they ease up and let the SP recover some afterwards, I think there is about 3-4 weeks before the next note is due - they need progress before then to give the confidence to allow people to soak up the next chunk of dilution. After that should be clearer sailing!! JMO
Just checking the latest filing in more detail..
(i) the parties agree that $20,000 has previously been provided to Coronet, which amount was applied towards a payment on the Lease; (ii) within 3 days of the signing of the LOI, a total of US$35,000, which funds shall be utilized by Coronet to undertake a $20,000 payment towards outstanding amounts owing on the Lease, with the remainder available to Coronet for purposes of its own discretion; (iii) on or before the Effective Date, a total of $60,000, which amounts are to be used in their entirety towards remaining outstanding Lease payments and payment in full for the October 2014 Lease obligation, and; (iv) on or before 60 days from the Effective Date, the remaining $85,000, which amounts shall be utilized towards the November 2014 Lease obligation, necessary and agreed payments on outstanding amounts owed by Coronet USA, and ongoing operational costs associated with Coronet USA including costs required to bring facility back into full operational status.
Does this mean that FLPC needs to pay $180k to Coronet in the very near future, I think it does and if so it explains this weeks dilution pressure. Can live with this if it gets us an operational mill and revenues. Anyone else see it this way or am I missing something?
Got filled my 2.6 mil filled at 16, time for a beer and bed now, gettig late in Singapore! Slap that ask longs let's get this moving some!!
Hi VLF< For sure I will just keep ask slapping until I get there! GLTA
hi All, Trying to pick up another couple mil but order not getting filled, anyone want to sell some please?
I am liking what I am seeing finally after more than a year of doom and gloom. Planning on loading a final chunk today then sitting back and watching us go back to the 0.02 levels before end of year. Revenues are just around the corner and I assume after the mill turns on so will Fencemaker!!
Hi Pit, Just my personal opinion but I think that note that came due last week or so was not converted? I therefore personally think we have a mixture of that note, flippers and day traders profit taking from the gains over the last days and maybe Company generating the initial funds to get the mill going to production?
I think if we soak up some of this then the 5 week gap before the next note and the possibility of shorts covering could make for an interesting few weeks, hence my latest purchase? JMO
Hi All, Not been on the board for a while just sitting long but decided to add another 2.5 mil based on the Company starting to do what they had promised. GLTA let's see some green days!
Hi All, I have been quiet rcently (just got bored with the same discussions) but like the latest release from Jimmy. Finally if gives us some proof that there is life in FLPC. That said I am realist and do not expect the mill this year but will be happy with any steady progress. I like the fact that the 3D geo location tools are in use, the office is up and running andrevenues from gold are expected.
If we get financing news and can get passed this recent chunk of diltuion then we may see an reasonable SP increase. Still long and willing ti wait for much higher pay days but the last year has been a testing time, only hope they deliver on this set of promises - we shall see.
Hoping for a green Friday!!
Hi Sockticker, Glad for you, bit surprised you had all thosebids at 11's and 12's when you have been shouting that trips are looming, that is a dangerous game, buying a stock 40% or so more than you say it is going to be worth -confused?
If you have managed to flip and get back your losses, good for you (seriously).
Hi All, Lot's of bad vibes on the board recently and I totally get the frustration. That said I do not buy the total doom and gloom spread by some and point to recent messages on FLPXC Facebook which was posted just a day or two ago..
First Liberty Power Corp. The company is not moving away from antimony, and the Fencemaker Project will be under full control of FLPC soon. However with the pickup of the Arabia property and the short term start-up associated with these new properties, the management team considered this was a good opportunity to get a source of regular cash flow moving for the entire operation. Additionally, the management team is working on the mill project and that may embrace a higher mineral separation process.
Now either they are officially, openly telling blatant lies or the mill and other aspects some are caliming are never going to be happening are still in the pipeline? I do not know the real deal here and like most have no inside scoop, but will take them at their word for now.
Hi All, there seems to be too many agenda's at play here and lot's of false information and hearsay.
I think I will wait for the official Company communications. I find it very hard to believe that FLPC wants the SP to remain low! They have to explain themselves to the share holders no matter what (they must be feeling the pressure already), they also have the SEC or in fact legally should it go that way with a class action.
No matter what happens their actions have been documented and at some point they will answer. I would like to believe personally that they are striving for FLPC to be a success and still have plans for the Mill etc. JMHO based on the official line FLPC have issued.
Hi All, Anyone answer me a mining question, my take on placer mining is like the old fashioned mining where you look for left over deposits from sedimentry movement etc. I would like to know the operational intent here, mass excatation and filtering or a more specifc targetted methodology? Can we really expect to find enough to fund the running of FLPC?
For sure ANY gold found would make the SP fly but it wou;ld be good to understand the operational intent. I am a novice so my assumption above may be incorrect? advice please
I see the past as the past but I also see the current situation differently. f they are agreeing financing, permits for mill etc that can only be released at the appropriate time. That mixed with the dilution timing and inetrnal wrangling thqat I believe has happened within FLPC has led us to this state.
That does not mean FLPC will not get the mill up and running. Either you believe they will turnh this sinking ship round or not? I will give them more time, not forever end of year maybe first quarter. I do not think FLPC gives a flying Fig (replace the word as you see fit). about its shareholders but again that does not mean there is not a run coming?
Just my take but at this stage in this speculative play hey what more is there?
Hi TMan,- I also take a less cynical stance but do realize that FLPC has a lot to answer for over the last year where communication is concerned, mainly not informing shareholders in a timely manner that Fencemaker had stopped producing.
Being a realist but also still believing that FLPC does have a future I think news will come. I have no hidden agenda, I am not trying to load share cheaply, I am not trying to flip and I definately see the past failures of the Company. For now I am long but the BOD has to know their time is getting short!
I fully believe (but could be wrong)that we are headed for a re-run of last year due to kick off in the next 3-4 weeks. We are seeing the first signs of the news already based on some of the DD done by those on the board.
Time will tell, I honestly hope people here manage to recoup some of the losses. GLTA
Hi Pit, Just my own view but until this latest dilution session is through and they complete the restructuring there may not be any news released of note. That said IF they have progessed operationally and are agreeing additional financing etc we could be looking at another rerun of last year in the last 3 Months?
Another good point is that they are getting through the dilution slowley, one way or another and have not to my knowledge announced further toxic debt on top of what has been released in the Q updates yet? If we can absorb the next rounds of dilution and news then hits on mill etc we could fly.
My only issue is the amount of dilution in Dec which if they time it wrong could seriously stall any run from the announced progress, so I would like to see news way before that which will limit the impact.I will continue to add some more in the next few months IF we see any sort of news.
Hi JJ & Mainesbest, Not sure why people think everyone that has a more optimistic outlook is a dilusional pumper and lover of FLPC. I for one see it as it is a speculative play! I knew the Company structure and who owned it when I bought, I saw the trouble we were heading into when Fencemaker stopped producing and was not pleased about the lack of communication.
That said; yes be critical of the BOD they have made huge mistakes in my opinion but I continue investments in what I believe will happen and not emotional responses. SO personally I think news will be released, I think there will be a short term SP increase, and we will over the next Month or so understand the reality (or lack of)of the mill and revenues.
I do not bad mouth stocks I am invested in EVER on an open board, I do not see the point but neither am I a mindless optimist and blind of the situation (I have sent my dissatisfaction in a num ber of ways just not public). I hope for those still invested they can convince us of the operational plans going forward, based on what has been said over the last few Months I am willing to give them another 3 Months to show significant progress. GLTA
Hi All, I agree to a certain extent to what Mainsbest and RL morrison have stated and accept that there will be a lareg amount of truth to what they have suggested. That said as we sit today looking forward people need to either believe that FLPC will do the following..
1. Complete the restructuring and AS increase as suggested
2. Present the latest operational updates and Geo surveys to show what the new direction and plan to get to revenue is.
3. Confirm where how the financing for the mill will take place.
4. Provide transparency for the above with POP updates and sharehoklder info sessions regularly.
ANY lack to do the above and we have nothing, I was somewhat encouraged by the web session but words are only words. The dilution and when it hits have been published quarterly and we are getting through it slowly so more and more it is becoming behind us. We need non toxic financing on better terms some of which they say has been secured, how much more we need we have no visibility of.
The next few weeks MUST show a realistic operational way ahead for FLPC, if not it is all just smoke and mirrors! We shall see
Hi Kripp, Yes I see things pretty much the same waybut believe they can produce revenues. It takes time but I believe they will get there. The rewards to those will to play the speculative play could be huge. I am no mug and here to amke money simple! By the way am British, live in the far east so US politics is lost on me
Hi Pit, I hear you buddy could have taken some serious money but could see the long term picture and and still think we could surpass the 0.08 level significantly but we have to have mill and revenues first.
The last 10 months has been a real hurt locker but still long and strong and I believe patience will be rewarded, JMHO GLTA
Hi Max. Been here well over a year from 0.006 to 0.8 and back down again and not sold anything significant, in fact the one time I did flip was just as it ran from 0.02 so although I tok some profit it could have been far greater.
Now sitting tight with 4x the amount of shares and will add where possible at any SP below 0.01 with confidence, no selling from this call sign!!
Hi All, I just had a similar FLPC response to many when I contacted them on operational status. See extract below that gives me some comfort at least..
For example, as was publicly announced, we have reached an agreement with SRL to become the controlling partner. However in order to finalize that agreement, all SRL shareholders must approve the final terms, which takes time. Accordingly, that time line dictates the evolution of a number of significant Company developments that we have ready and waiting---which creates a situation where we are compelled to wait before publicly announcing news.
Good that they at least respond to the longs when requested? Happy for now!!
Hi Max, Yep only currnelt dont have L2 so flying slightly blind, still expect we could see some though, Hey I am tempted myself but holding strong. GLTA
Sorry to hear that buddy, I have been hitting them hard but also now out of funds. Could risk flipping my 0.0022 but I seem to have the same luck as you and it would be the start of a run! Gonna sit tight and wait in progress news until year end, risky but fun at the same time!
Hi there. I see some profit taking has started from those flipping, can't really blame them, enjoy!! Pit you must be happy great time to double down some more?
Hi All, It is a good article and IF/When they can show progress against the PR we may have an influx of new investors? I think the wait is almost over and it smells like a rerun of last year to me, get the summer quiet period over, set the scene for showing progress and the SP will react. This time around hopefully we will surpass the last high and hold the gains dueto revenue.
I have been long because last year theysaid they would open a mine (everyone doubted them) but they did. They said they would produce ore, they did. They said they would generate first revenues, they did!
Now granted since then not good but that said if they show mill is coming as promised, then revenues from stockpiled ore can offset the remaining toxic debt etc. Fencemaker can be reopend quickly, they have stated such already and by early next year revenues (maybe not profit straight away) but revenues.
If this starts to happen do you think the SP will be at these levels? I can see 0.05 in a heart beat- but hey I am a long. GLTA -rant over time for another cocktail!!
Hi Mainesbest, I think that is a great option if the mill can be located close to the propoerties etc, I seem to remember the equipment was specialized and already committed within a certain time period of the mill being aquired?
Hi Jay, What are you telling me that Murdoch could not have made money from shorting the FLPC stock if they wanted to? My point is that they may only be getting a small amount if shares for their services but we are not fully in the picture here. But hey like I said I am cynical and given what has happened to the SP since they came on board I have evry reason to be.
Hi JJ, If I was cynical I could suggest that maybe they have made their money in a different way, maybe buying themselves last year then short selling this to death? No evidence but that is what they are known as being experts in? umm make me wonder????
Hi Max, I am still a long but getting frustrated like most on the board. We all know that the dilution will continue until Dec etc but an operational update or two could change this sigtnificantly.
Hi Everyone, Just picked up another serious amount in 4 chunks, those with L2 should see them go through, maybe a crazy move but had to double down and get the average much lower. Tuesday's tend to be disasterous with the dilution but hope I have soaked some of them up for the team! Persoanlly expecting news soon - HINT HINT to FLPC BOD!!!!!!!