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Hi ddm, Fo sure it looks like more dilution and keeping the average 3M shares a week going I am sure we will see this on Friday when the new numbers are released. My issue is that we can not expect the SP to recover while this is going on given the low volumes, impact to the technical anaysis etc.
It waters down everyone investments slowly which as you say is fine IF they are going to announce a new mill very soon. It boild down to trust, as they are not communicating the overall strategy you have to gamble on them diluting and using the cash in the best way for shareholders? So far they have done this and I am staying long but the constant dilution is tiresome. GLTA
Hi All, nother painful day so far, let's hope power hour brings this puppy back over 0.02. More volume today just not on the right side of the fence!
Hi All, Is it me or is it real quiet round here today
Good Morning All, Great couple fo green days behind us, another would be just swell. Not greedy another % or 2 will do just nicely. GLTA smack that ask people!!
Hi VLF, I am expecting that they have the results from our Chinese friends by now and would expect further shipping news very soon (hopefully on the back of the meeting this week). To me this will ease concerns over the future as we then have regular shipments confirmed, concentration results etc.
The fact that revenues will be announced in Q3 for me is no issue, as long as we are selling and making significant shipments the rest will fall into place IMHO.
Another day, hi to all invested hope the initial hiy gets smacked to bring us back to green!!
Well done Max good for you sir!
Hi Pit, Not sure what conspiracy your looking for? Most longs are still around and adding to their positions, good luck to anyone who sells and takes their profits at a time that is right for them!
Everyone has their own investment strategy - even you! but yours seems to involve a LOT more complaining. The real pay day is getting closer and closer and those with the fortitude to stay strong may just get rewarded. You have to be in it to win it! Go FLPC
Good Morning Longs, Woke up with the feeling that the worm will turn this week with the FLPC SP? Who knows but I like the feeling and am looking forward to this week. Just wish I had more powder to buy more - may be able to squeeze a few out but not many this week!
Hi VLF, Great post! I think everyone who has supported FLPC recently and seen additional purchases drop in value could be forgiven for having doubts. That said I have been buying more on the premis that little has changed to the fundamentals, in fact they are on the cusp of strting their revenue stream.
Yes we want news but we should trust Management to give it us when it will have the biggest impact to the market. Back when I first bought in the 0.006 range there was no mill, no revenues just promises. So far they have delivered just about everything- maybe late but6 they have delivered.
Will the next Q report be fantastic probably not, given the fact that revenues may not have made the balance sheet and if they did they will only be based on the 36Tonne. The next Q after this however should be the real tale of the tape so to speak - no hiding then. Still long FLPC
Hi All, Terrible day felt by most! Not seeing much Blue Chip around here lately. Low volume and over 6M in dilution with no news will always hammer the SP? Only hope is news and big news at that. I am still long and confident that they can make this work
Hi All, another great buying opportunity I see, secured a few more, the trend is that Friday power hour is quite strong so let's still hope for a green day no matter how thin it may turn out to be! GLTA
Good Morning Everyone!! Green day yesterday which was great to see, lets try to finish the week off strongly and hit another green day. Remember that they promised us more news before the end of Feb which is next week so this may be your last chance to buy in at these levels and revenue is just around the corner! I did my bit yesterday but may have a sneaky small slap at the bid for another 50K or so - GLTA
Hi All, I managed to grab 230K shares at 0.0198 but that is me done again for another week or two. Accumulating nicely - buy those dips FLPC long
Hi ddm, Yes let's hope so any positive sign I will take right now. The operations side seems to be producing and I am still positive longer term just think we have hit a stagnant period which will not change until serious news or financials imporve. Moving funds to buy more at these levels so still a believer in the big scheme of things.
Hi All, Some really good posts and I for one hope FLPC management is listening! Personally going to buy some more and believe long term that the SP will increase BUT Management need to do more about supporting the SP.
If dilution is needed for investment etc then TELL the share holders that, I think you will get more support than you think. The next Q release I belive will be ugly based on my assumption they did not recognise revenue in time? May be wrong but I think we have longer to wait to get the real story. I will be around but understand why investors are gettinmg frustrated.
Feel for those who bought in at 0.08 now sitting on a 75% loss! Let's hope Bob and the teamn have something up their sleeve - like revenue!
Totally agree the other property could come into play but given the balance sheet FLPC now needs funding and ongoing revenue to balance SP expectations, investment and ongoing operations. Not an easy thing to juggle, revenue is all important right now and that news will affect the SP..
Oh and maybe
1. Mill getting ready
2. Local buyer being secured
3. surprise findings in Fencemaker
4. Large investor or buyout
but revenue is realistic and almost upon us
Hi PappaD, Agreed and I think they ae trying to strictly conform to SEC regulations so most of the serious announcements will be controlled tighter in future. There could well be surprises ready to be announced. I have and will continue to buy for now but want the revenues in and te dilution to stop. Just think with FLPC selling about 3.5M shares weekly and then normal holders selling, there has to be soo much buying to positively effect the SP? JMO and sticking around for the good times that are due!
I am long as most know and still see the potential FLPC has. The only set back here is timing and a few mis guided poorley worded PR. When revenue hits and the sream starts the dilution stops, the debt goes away and FLPC goes from strength to strength. I have a few M shares and willing to give FLPC time. JMHO that said I dont mind giving them a piece of my mind when things are not going well they have a duty of care with our money after all!!!
Hi Marexx, Still confident that Bob has this under control and revenues can not be that far away they have been pulling ore out of the ground for quite some time now. I hope to see a local US based buyer to improve the production to revenue time and reduce the long shipment times and costs, DOD maybe?
Anyway GLTA, and FLPC if your reading dilution to stop please your killing the SP and punishing us long sharholders!
Hi Marexx, You know I am a long and an FLPC supporter but just wanted your take on the following, based on the outstanding shares/float etc FLPC has diluted approx 72M shares since the 20th Sep 2013! That is approx 3.3M shares a week!
I was hoping by now that we would have seen this stopping. Just an obsevation and I am still behind FLPC Management 100% but when does this end - no wonder the SP is struggling?
Good Morning FLPC! should be a great week, based on the CEO corner announcement we are on track and regular news is to follow. I hope the old FLPC is back!
The chart is looking bullish and I am personally looking forward to a green week! Long and strong!!
Oh i still believe long term FLPC will do fine just painful slide. I am and have always been long just hoping for some forward movement but can wait if I have to.
Hi VLF,
I hope so even a steady climb would do just a stop to the slide in fact! GLTA
Hi JimBob, certainly seems that way but still the constant SP drop is just tedious. I am long so can ride the dips and accumulate but the lack of movement is just depressing!
Looks like someone is dumping shares, whether it is convertable note or the Company who knows but painful to watch. Be very interesting to see if it is the Comapny this Friday!! Will be some longs droppin Bob and the team some stern messages me thinks! Gonna stay long but log off and hope it get sbetter when I wake up!! Come on FLPC wake up!!!
Hi All, Another terrible start to the day I see.
Hi All, Not a good day I see yesterday (could not get online). I understand peoples reaction to the floundering SP but remember that could all change very quickly. Personally I am still positive and have shares ranging from 0.006 up to 0.07 and back down again to 0.024.
I am going to continue to load the boat as and when I can and add to my position. The best is yet to come remember so I suppose it boild down to those that have the patience to see it through to the end. I wish everyone and their personal investment strategy the best - really do!
Hi Pgmomni, Maybe but luckily there are soo many positive things going on with FLPC that any of the numerous catalysts announced could send this northwards. When all said and done the mine is still producing the shipments have started and revenues (whether recorded or not) will start to flow!! Go FLPC and GLTA Green week please!!
Hi ddm1082, I agree, my view is that they could not recognise the revenue in time to hit the Q filing. I think the important factor here is that revenues ARE being made now with the confirmation of the 36 tonne shipment all the other data and future shipments will confirm the forecast.
Just a matter of time but more and more good news and eventually Q filings showing the $$$ will be clearly evident. Regarding exposure I think based on the above it will improve but we need the Company and Mudoch to do much more.
Hi All, Confirmed my purchase of another 130K of lovely FLPC stock yesterday! It is a stael at these prices IMHO
Hi Tracknpennies, Currently but revenues will change all that. JMHO
Hi Pit, It is a possibility but my guess would be that support would hold us up long enough for revenues to kick in in earnest and more news to drive it north. Either way I will keep buying and the lower it goes the more i will buy.
what did I say fill a measely 20K shares then SP shoots up! Maybe I should save the rest and do this every day! We would be at 0.25 in no time!!
Great news funds transferred in super fast time, have powder to slap that ask and add to my position. Bet the SP shoots up now, normally happens to me!
Hi All, Although I understand the sentiment behind Murdoch I still honestly believe in FLPC expect them to do the right thing. In fact I am moving funds to purchase more. Yhe fundamental opportunity behind FLPC that attracted us all to the Company is still there in fact they have progressed significantly in record time. Revenue is what we need!
Leave it to FLPC Management whether o rnot to ditch Murdoch?
Hi All, Not sure we can lay all this at Murdoch's feet, the rapid increase in SP was always going to lead to a correction. The status of the Company is moving slowly and news can only be made around progress. We have no idea what is going on in the background yet by Murdoch?
Although I have hated to see the SP slip my optimism for FLPC remains high and I will be loading more on the drops. As long as we continue to sell the ore the Company situation will improve, the balance sheet inprove, the debt reduce, the dilution end etc. All good for the SP? JMHO GLTA
Hi Guys, I hope your right, as long as we have a stream of progress my long position can wait a year or two to fully develop.
Hi Dhivai, You may well be right but not sure this will cause the positive impact to the SP we are all looking for. Great news none the less and keep my long view firmly intact. I get the feeling this announcement was more to appease the longs that have been purring FLPC under pressure about news rather than a serious SP iimpacting announcement? What I would like to know are things like
1. production costs
2. production rates
3. Revenues booked and forecasted
4. debt plans
5. agreed price per tonne
6. any new DOD customers on the horizon
etc etc etc
But lets hope people see the possibility and invest, we could all do with a few green days in the bag!! GLTA
Good Morning All, Great to see some news at last but does the quota of ore not strike some of you as quite low? Note sure what level of refinement has been done etc but was expecting more, anyone care to hazzard a guess?