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Hi All, I also think this explains why the week has been so low n volume everyone is waiting for the 10Q to come out. Makes sense and may mean we see some realy volume and movement today? Personally I would just love a more interesting trading day! GLTA - Onward FLPC
Hi All, Trying to work out when the 10Q has to be released ansd found these regulations? Seems to me that they have to file 5 calander days after the missed report was due? So if the form 12B-25 was submitted on the 17th by Mario Beckles then the 10Q has to be released today?JMO based on interpretting the info below - How do you other longs see this?
If an annual report on Form 10-K or a quarterly report on Form 10-Q is not filed within the required time period, the issuer must file with the SEC within one business day of the due date
for the report a Form 12b-25 (designated as an “NT 10-K” or “NT 10-Q” in the EDGAR filing system) disclosing its inability to file the report timely and the reason for the delay.
If a Form 10- K or Form 10-Q cannot be filed timely, because the company is unable to file “without unreasonable effort or expense”, the report will be deemed to be filed on the filing due date if the company timely files a Form 12b-25, and then files the report not later that the 15th calendar day (for a 10-K) or 5th calendar day (for a 10-Q) following the due date for the missed report.
HI Westba, Excellent news, thanks for the update! Looking forward to seeing how far FLPXC has come!!
Hi All, I was expecting low volume and a poor start to the week given that the Q filing is normally delayed somewhat and Management/Murdoch would need time to put together the PR from last week in New York.
That said news could land any day now although I still think it will be the next Q finig before we see the real full set of numbers? Based on this I think towards the end of the week we may well see an increase in volume and the SP to start moving - JMO we shall see..
Thoughts anyone
Hi ddm, They have a history of being late if my memory serves me correctly, but they do say that they will file within the extension. Is the extension period 2 weeks?
Hi Pit, Yes and I stand by that unless as I said one of a number of catalysts come in to play If we see the toxic debt reduced significasntly in the next Q filing, a steady revenue stream or massive news then the dilution becomes less significant. But if we have a period of quiet low volume numbers and maintain the dilution then yep the SP will struggle.
Hi sm caps, I also think the week will be positive. We may well see the levels you suggest as there is multiple news sources due (Q filing, New York News etc). We also have a great looking chart so the technicals are also aligned. Literally anything could be coming out of the New York meetings and mix that with maybe a Tesla announcement on which area it will build the Giga Factory and we could see some serious northward movement - JMO
Hi Longs, I see the diltion continues at the same pace, although I accept that this was required there must be an end in sight as the SP will never seriously grow without massive news or an end to this rate of dilution.
I suppose there must be a plan and I know Murdoch is working on restructuring the debt but I will be looking for signs of improvement in the Q filing. We obviously need revenue, revenue, revenue.
Still positive on the outlook overall but it would be great to at least see a dilution end point either in terms of time or total shares? JMO
So you chose to iognore the advice and see not only a green day but a green week- just.
Hi Pit, You make me laugh, maybe save your comments until after closure because by my screen we finished the day Green! Not much I grant you and the week is not looking great yet but please take a longer view than 3 seconds - will help your stress levels
Hi Gold, Just my take but if there was something seriously significant they would go quiet. I work for a very large international Company (who will remain nameless) but see this all the time prior to our SEC filings. If you want to be a big dog in the game you have to act like one. Maybe that is Murdoch's advice and we just have to get used to less but more significant announcements and the normal filing timings?
The New York discussions are very interesting, we will hear soon enough!
Hi Nathanial,
According to the Tesla site; the Giga plant would be due to be finished and first production in 2017. Pleanty of time to get lithium up and running. To be honest it could be on FLPC radar already and with these timelines they may not indeed need to concentrate on Lithium just now. I think the possibility is great just from a local Lithium demand point of view!
Hi All, What a difference a day makes, the board seems much more potitive. Would lke to recoup the "dilution Tuesday" reduction to the SP if possible? Well at least have a green day! GLTA - Off to try and get powder sorted for a little add to my position here!
Good Morning All, Not sure when the Tesla news will emerge but after taking a look at their Corporate pages and looking at their official blog a quote interested me
"we’re planning to build a large scale factory that will allow us to achieve economies of scale and minimize costs through innovative manufacturing, reduction of logistics waste, optimization of co-located processes and reduced overhead".
I like the co-located comment for obvious reasons! This could in future be a game changer for FLPC, we need to get Fencemaker in full swing to fund Lithium! No matter where the location there will be a ready made markey in US for a rare material FLPC has!!!
I may not be the shrewdest investor ever but even I can see the sense in that business case!
Hi All, Just my take but Tuesdays seem to be the worst trading day for FLPC last week and numerous other weeks it is where the dilution hits. Last week we saw the SP drop from around 0.034 to 0.024 only to recover over the week and the week ended up positive (up around 16% week on week).
Personal opinion but being Long is looking Months, Q and Years ahead not hpours and days? The fundamentals are still here, the management is still here and the mine is still producing until told otherwise the fact that tempted us into buying are still there.
Everyone, including myself is hoping for news on the big items of revenue production volumes etc but we just have to wait. The q filing is around the corner and that will tell us some of the picture and the next Q no matter what should have the full details! GLTA and hope your feeling better G4
Hi Hawkshaw, I tend to agree that something is brewing comments on FB like "Starting a new week with a schedule of FLPC meetings.
Gonna be a busy one" are intruiging to say the least. Would have been better is they had stated wht type of meetings. You know -
Additional invesment
Mill advancement
Q filing financial review
Tesla agreement
???
We can only dream and wait-GLTA
Hey Stockticker, let's hope so - start of a long week and I think the hype over Tesla possible announcement (and although it may or may not be announced) has captured peoples imagination which as we saw last week can seriously drive a stock Northwards!"!
Mr Pitman, It is so early in the trading week that anything could happen. Have faith buddy!!
Good Morning All, Last week was a great green week what with an overall 16% SP increase. There are soo many catalysts coming now...
production numbers
shipments
Mill updates
Q filing
Tesla announcements
additional investments
revenue projections
etc etc etc
Given all that in the short term the prediction gloves are well and truly off!!! This baby could fly high and fast at any time. JMHO Personally I want to see an exnd to the weekly dilution by toxic debt reduction as that would reward all involved but we may have a couple Month sof that left yet until larger scale revenue is received. Go FLPC should be an exciting week!
Hi Everyone, Missed the full day trading yesterday as I was travelling but was impressed with the overall 8% green day! Any move north here would be great but have to be realistic. We have moved from 0.02 to 0.027 in the last 2 weeks so a continued steady climb of 35% every two weeks is fine with me!
Sp moving north guys! If it keeps up like this we are in for a great day!
Hey Mr Pit, You always make me laygh, if you had shorted this stock (which given the last 3 months and I think 23% short position many have) and then received the recent news? What would you do? Let me guess hang around and complain! You must see what I am getting at - that said not a great start to the day
Good Morning Everyone, Should be a lot of new faces joining the family today. Personally think the SP os still a great place to get into this Great Company. The DD is simple the longs on the board are open and helpful and the Company is going from strength to strength! Not your ordinary penny stock but do your DD and see what I mean! GLTA whatever your investment strategy!
Hi Marexx, Yes the next couple of days could be explosive indeed. The stock was ready for a run anyway, the investment news, the revenues due to be announced and now the lithium plays and Tesla.
Not only that but the shorts will scamper to cover based on the news and at these prices people will start to load the boat quickly. I have powder so will be adding to my pile for sure!
Hi ddm, one thing not mentioned yet is that they have mentioned changing Fencemaker to an open quarry type site Would need serious changes in approval but massively increase output?
Hi VLF, I may be wrong but after a few weeks of production did they not state that they had extracted 500 tonnes of ore? So I think your comment is spot on. Even if the extraction rate declined slightly (which it did not because they announced an increase in weekly blasts) there should be thousands of tonnes stock piled. Keep pulling that stuff out of the ground FLPC it is revenue in the making!!
Hi ddm, You may well be correct but given the passed weeks of trading we may see a resurgence towards EOD and especialy the power hour. Also given the recent news which takes a few days to settle in and management update expected we may see more buying than expected to break through resistance. Just my thoughts nothing concrete to substantiate my theory - but we shall see very soon.
Good Morning fellow FLPC Longs, Looking forward to a green week and the management update due any day. Hopefully the momentum we started to see at the end of last week will continue. GLTA
Hi Defran, Yes at the end of the week was stated, that said the recent news should be allowed to sink in to milk it as much as possible so I would now actually like to see the follow up to the management Q meeting on say Tuesday, can not argue witha double whammy! JMO
Hi VLF, Hope you feel better soon buddy.
Hi Dockzef, Agree that we are due a run but making outlandish predictions when you have been blatantly proved wrong before helps nobody. I hope Lcbm proves me wrong because for me it is win win
Now if he is a flipper and has bought on the low and is trying to flog exaggerated stories in a lame attempt to temporarily drive the SP up a couple notches so he can make a quick buck (which is what I suspect here) then he has no integrity.
GLTA even Lcbm!
Hi Lcbm, So you are predicting the SP will move form 0.0226 to 0.37 in the next Month? Sorry would love to see it happen but based on your past predictions can not take it seriously. I would love to be proved wrong! I think a return to 0.05 region and above is very possible? BWTFDIK GLTA
Hi Stocktrotter, Yes I added a similar number and will continue to do so for the time being at least (based on fund availability).
I see the big pay day as being a little way off yet. I would expect a few runs with pull backs to occur as we have recently seen but after each the SP should stabilize at a new higher level. I am not going to rty and time those dips in case I end up trying to chase the monster. Now with new investment and revenues being made, the weekly dilution should stop and allow the SP to run better.
The mill will bring additional revenue streams as they have a plan to mill for other Companies and also they will only have to transport smaller much higher ore grade keeping costs down. I would personally like to see a local buyer but that should come in time
I have an exit strategy but am very comfortable with what is currently going on and can hold for a year or so. Those with patient; strong hands that can load up now may be those best rewarded in future.
Looking back at the charts the last run started around Oct where the SP floated around the 0.02 to 0.03 mark. Then from the 01 to 08 Nov we saw the sudden run to 0.08. Can history repeat itself and more to the point will this run be much stronger based on the new Company situation. I think so and see FLPC longer term (say year end) reaching 0.2? JMHO but the stars seem to be aligning for this to come true.
Good green day, nice to see and a management update still expected should keep the momentum going tomorrow!
Hi There, Sorry I have never learned how to short a stock it just dont sit right with me but I am sure the other longs on the board here can advise as individuals post the short position all the time so it must be possible? Any advice out here on shorting regular posters?
Hi All, just sat here with a smile on my face thinking about the 23% short position as of a day or so ago, me thinks they will be scrabbling to cover if they have any sense! Good luck shorties!!
Hi All, Great news today obviously but are we stillexpecting the management update to give us the general direction etc.
Hi G4 Yes I share your concern after the last few PR's but let's hope for the best. The minimum I would expect obviously staying within SEC guidlines (I know it is just a penny stock) is an update on mill, confirmation of ongoing shipments, ore concentration agreed on initial shipment etc.
Hi Everyone,
Should be news either today or tomorrow based on the following taken from FB.
A busy week ahead for the First Liberty Power Board of Directors as they gather for their quarterly meeting. Review and planning on tap. Update report to follow, later this week.
Not sure what this will bring but any news will alleviate concerns.
GLTA