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Hi Rhysteel, Let's hope the SP appreciates soon, there are lots fo share holder here taking a real bath at present based on a belief in a BOD that now needs to prove themselves!
Hi All, Not sure if this works out the way I am thinking, but by comparing the shares flot kindly posted weekly by Marexx etc from the 10th Jul until last week we see the following.
Float 10 Jul 14 595.6M shares
Float 01 Aug 14 661.1M shares
Total increase in shares 65.5M shares? Does this mean that from yesterdays release stating that there were 338M shares still reserved against debt that we are still looking at 272.5M shares outstanding? Or is it even worse because since then the SP has reduced?
Confused and I know there are lots of gaps in the thinking but can it be that far away based on what they have said and the notes that we know remain open?
H All, From yesterdays release I have extracted something that caught my eye..
Common Shares, as at the Record Date of July 9, 2014
Authorized 1,080M 1,500M
Issued and Outstanding 744M 785M
Reserved for Issuance 324M 338M
Authorized but Unissued/Not Reserved 11M 376M
If this is the case then as of July there are still 338M still to be diluted? Not sure how many have hit over the last Month but good to know at least a number. My concern is actually that there is only 376M authorized and not reserved at today's SP that only equates to about $900K. Is this enough with the financing already in place to get the mill going.
maybe I am missing something and I know the 338 is spread out until Dec but at least the end is in sight, just wondering how much the normal investor is willing to absorb? Now we need news!
Feel free to correct me if I have made a mistake here just quick analysis?
Hi All, At these prices just loaded another 1/2 mil shares at the ask. Exciting news is due soon and hoping it is enough to kick start the SP!
Hi ST, Yes I just want to see some stability for a while and a steady climb Northwards, anything could happen on news and if we see the dilution easing up I am hopeful the SP can hold a decent support level. Today I expect a hit when the flippers take some profits but we shall see.
Good morning everyone, Hoping for a steady week and some news from our BOD please!
Hi Coci, Before you throw the towel in contact investor relations or a member of the team there are always multiple factors on when/if and how they release information. Personally I will give them until the end of the year to communicate and show significant progress and prove that the mill will happen. Hey why not what you got to loose?
Hi Coci/Pit, Remember that the mineral analysis has to be submitted and this was done to show the levels of concentration of the various deposits. I am no expert but technical findings are evaluated and not just the say so of FLPC (others with more mining knowledge please add the detail). So basically I think the stuff is there whether FLPC can mine it or Mill it has to be proven.
Where do you think the stockpiled ore came from - ?
Hi All, I would also entertain 10 shares in this way but would want to see permit approval first.
Hi Pit, I understand your negativity due to the dilution and the curent SP but if you really think there is nothing left for FLPC why you still here? One set of news could swing this dramatically. They have said news is coming why not wait to see what they have to say. You know me I do not pump but am not gonna throw in the towel based on mass hysteria either, facts are the only thing that count and every business needs time. For me they have until the end of the year to show significant progress.
Hi Eljefedawg, Well I added 1.7M shares today to average down some. Not happy with the current situation but do believe they can get the mill up and running.
Hi Max, I have to agree with you, no one likes what has happened to the SP, BUT you either believe they will get to revenues and eventual profit or you dont! If you believe in FLPC making it and are patient then today's SP and persceived losses do not matter (unless you want to seel some)?
If you think this is headed to the trips because the Company can not make it work; then hey that is great too and I would exit. Lot's of what goes on here is not pumping or bashing just peoples view on the longer term outcome, although I do tend to be optimistic and do not use profanity to express a view on a Company, but each to their own.
I still see a good but risky speculative play here that could (note I say could) do very well in the next 6-12 Months. That is not pumping just my opinion based on what the Company have released and my DD.
Hi All, Huge volume I see and the SP took a hit which often happens after news. If you look at the same time last year, with the same chart, same outlook of another significant deployment (Fencemaker last year, Mill this year) and now we have the financing starting I personally see history repeating itself. Gonna buy more, keep taking the average down and let the FLPC Team get us to revenues.
When (and okay IF) that happens the SP will be a LOT healthier than it is now. Just my take on things!
Hey Mainesbest, Yep have to agree with you I said the same in my message, don't pump, don't bash play your hand the way your DD and belief in the investment warrants. But hey that common sense approach aint half as much fun as the POS, or we will all be millionaire tomorrow approach.
I will continue to play my own game and hope that ALL longs who have faith, and those that do not see FLPC turn into a profitable ongoing concerns that drives significant SP value.
Hey Guys, all of a sudden now we have a little financing the mill may seem a little more realistic? Pit do you still think we are headed for the 0.003s.
I get the frustration but do not understand slamming a stock publicly that you own? I came across FLPC by accident and if I would have seen messages like this I may not have invested. Just saying dont pump, dont bash, understand what you own and make your own play. Okay sermon over - GO FLPC and GLTA especially you PIT!
Hi Pit, I concur I have bought from 0.006 when I started all the way up to 0.06 and down to 0.004! Had to reduce my average like many on the board. Still saying all that I would not have bought another single share if I thought FLPC could not make the Mill happen.
Not happy with the current siutation but things can change in pinky land almost instantly. I am - for now willing to give them until the end of year to make right on their promises?
Hi All, Personal take on this is the game pieces are being moved for a reason? Not sure what that reason is and could not even hazard a guess at whether it is good for us none informed investors but that is the situation we are in. I am VERY disappointed that there have not been any operational updates regarding mill, financing, field activity etc even if it was just to say what they are attempting to do.
I think there could be a power struggle at play here that needs to be resolved!
Hey TMan, I totally agree with you buddy I lost a close family member recently and people should have more respect, it is only an investment guys, get out stay out if you can not act with decorum, your not wanted on the board. My sincere condolences!
Hi All, I woke up today with my spider sense tingling! I think ther emay be news today!! Last couple of days has been okay not for a catalyst to really get the SP moving. JMO
Hi Pgmomni, I am a long and still believe but could not have said it bettre myself.
Hi Everyone, Quiet and seems to be holing as expected around the low 0.004 mark. Support is good but over the next few days good news makes ALL the difference! Umm Thursday news release would be good!!
Hey TMan, I suppose time will tell, I share your concerns and they have to now step up to the mark and deliver what they have promised.
If they do not have very clear progress towards a revenue generating Mill be end of year (normal slippage and slight timescales allowed)then I like lots of liongs will loose hope. Current PPS has let me reduce my average but still in the red and wants to see value! Long term I can deal with IF they show we will get there eventually.
Hi Max,If it was me on the BOD I would release news of the increase to 1.5b and then follow this up after a day or so with very positive news, for example
1. Non toxic financing
2. Confirmation of Mill Plan
3. New Operatuional update
4. Results of the propoerty investigations and expectations
5. New investment and customers
I think there is a lot in the wings and the run up to the last few MOnth so fhte Year will prove very interestingas things start moving. Yesterday was expected news, now let the good stuff flow!!
Hi Pit, Maybe we take a hit from the news but this will allow the Mill to be built and news to come. I am not surprised by lack of news whilst this was agreed and released. I see this as a necessary evil and if we have to swallow the AS incrrease to get a MIll and revenues then what else can we do at this stage?
(remember if it gets us to revenues and we can pay the debt off then the additional shares will not be exercised)
Hi DDM, I think most longs new this was coming and although I do not ;like the increase I do see it as reqyuired to take FLPC to the next level and am glad they kept it to a minimum. This hopefully will now allow them to announce financing for mill and next steps! We shall see, to the BOD last chance saloon guys, get it right this time!!
Good Morning Allm Let's hope for a news filled week and the first signs of real movement towards a MIll and revenues!!
Hi G4, There was no bashing to ANY individual in my post! There is negative sentiment on the board simple as that, I understand why. That said my point which I stand by is that in my humble opinion we should give FLPC some flexibility with news releases.
Hi Everyone, I see the negative sintiment is back in full force. Personally I think we need to give Management a chance. Things do not happen overnight in business, we all know that. I would rather them spend their time getting the mill up and running than posting messages stating every little step. News can not be far away stay patient does wonders for the stress levels. GLTA
Mr Pit, Up to you, the last Months have been horrendous but saying that you either believe in the Company or not. You have stated yourself that this should run again? If steady news comes out and they show a reasonable siolution to getting revenues then these lows will be a distant memory. Load the cheapies and reduce the average!! Hey but that is just how I am playing it, you play it any way you see fit. I will give them until the end of year to prove themselves - thay have done it before!!
Good Morning All, Another 782K shares purchased today! Buy the fear the news is coming and I am a believer that the mill will happen. Hey if not it has been fun either way
Hi Dodd, The mill is scheduled for completion by the end of 2014. Which will allow the stockpiled Ore to be used to test the faciltiy, upgrade the concentration and be sold. Regarding financing that to me is not clear, I no not think it has been officially released that the mill is fully financed but I expect that announcement soon given the committment to the timeline in the recent conference call? JMO of course
Hi JJP, Yes I totally agree and it is the potential this Company has that has kept me here. Everything hinges on the mill and revenues starting. The new focus is good to see but they simply must deliver on the mill. I suppose news on permits, financing for the Mill must be due if they are to achieve the end of 2014 target, we are halfway through July. Umm just had a though, are they quoting financial years or calendar years?? Extract below
The facility is to be implemented in a staged fashion, so as to help streamline and optimize the permitting process, equipment ordering, and allocation of manpower and resources. We anticipate having Stage 1 operational in late 2014. We are making every effort to accelerate timelines, particularly in terms of multi-metal processing even on a smaller scale, and will do so whenever viable.
STAGE 1: PRIMARY CONCENTRATION
Target date: Late 2014
Ore Input Capacity: 200 MT/day
Primary Feedstock: Stibnite ore, projected 3% grade (100 MT/day)
Output grade of concentrate: 30%+
Primary Concentrate Output: Approximately 9 MT/day @ 30%
Hi Pit, Not so sure personally, IF and it is a big if, they get the mill up and running then revenues should flow, they should quickly sort out the debt situation and be looking good. IF (that word again)that happens then the SP will surpass the previous highs in my estimation.
I think you have the right to be doubtful right now but news could change that very quickly; like it did when Fencemaker was turned from a promise into a working mine. Okay did not pan out that well for that long but look what it did to the SP. Suppose it is all about belief and persception.
I am holding loading more to reduce my average and giving them a final chance to make this thing work. I do not have to see everything done on time but steady progress to steady revenues will keep me long.
Hi Everyone, Hope all the US longs had a gerat 04th July Celebration and hoping that this week we get news and see the SP continuing its trend reversal. Interesting times ahead! Go FLPC
Hi All, The upwards trend is impacted by the ongoing flood of dilutive shares being released and also when we have a spike the flippers making a quick buck (no issue with that by the way). IMHO the only time we will start to see a new run with any longevity is when news on the mill is released and people see that it is going to happen and revenues WILL come. Until then load the cheapies!
Hey TMan, If on the conf call we do not get basic guidance in those areas then I will also have some serious concerns, I just dont think they willbe so blinkered as not to have any information or steer clear of what most shareholders are interested in? We shall see very soon and GLTY either way, whatever you decide to do.
Hi Tradenman, Fully respect your view, I also have concerns but not maybe as pessimistic adn yes I am seriously in the red on my investment like many others. That said the plan being put forward by Jimmy seems reasonable, revenues can and will resolve the financing crisis and dilution if we get there. This is all about the Mill, either they can get it permitted and built and revenues will follow or they don't?
Given what everyone at FLPC is telling us that is still the committment by end 2014. You say the call is orchastrated, well of course it is but at least listen to the content. For me as long as the questions on the mill are addressed then there is still a future investment. They are also promising to answer other questions the following week so??????
Hi Everyone, I have to work and can not attend the call! The main thing I want to know is on the mill to get us to revenues, where are we with permitting, is the end of year forecast still realistic and where are we with the funding! If this is a convincing story then revenues will start again we can cover the operational expenses and pay off the debt wihtout ongoing dilution - it is all about the mill IMHO.
Sure any new operational process improvement for Fencemaker can be aligned buit no mill= no revenue so Mill has to be the BOD no 1 priority.
Hi Jotuk6771, Yes good point I see that, umm we need news and signs on the mill I think!
Hi Everyone,
Just trying to understand more from the 10Q, in the convertable notes payable the summary is as follows
2014 Notes convertable
04 Jul 14 25,000
08 Aug 14 51,500
20 Aug 14 63,000
04 Sep 14 92,592
21 Oct 14 113,847
21 Oct 14 130,000
05 Dec 14 84,249
18 Dec 14 287,188
TOTAL 910,376
2015 Notes convertable
09 Jan 15 35,000
09 Jan 15 50,000
20 Feb 15 92,592
17 Mar 15 60,000
TOTAL 237,592
So if my numbers are correct for financing already received we have outstanding approx $1.15M and if they converted these at the current SP this would equate to approx 229.6M shares?
Obviously that does not count for any financing need going forward. Can anyone confirm my thinking (forgive any basic calulation mistakes) just wanmt confirmation of the real situation.