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HI LCBM,
Not smug, not happy and no attack at all just facts. I also indicated I have taken a huge hit ($xx,xxx.00) worth so why would I be smug about the situation. My only point is that the situation is what it is. It was actually like this when you were promoting FLPC?
Now the situation is they may fold and we loose everything (I have accepted this already and can write this off) or the restructure carries weight and we manage a long term recovery.
Most actual shareholders I am sure would prefer the second option. But hey as you like
Hi All,
Not been around lately but still hold a sizeable amount of shares. To be honest stopped commenting due to the nonsense being sprouted by people that supposedly are only here to warn us of the situation FLPC is in and the bad things the BOD are capable of. Guess what guys we know!
I remember when this forum was constructive and even quite fun, people said what was mainly proven, or theorized on where the situation could take the Company (the odd rant, myself included did slip in from time to time, but that was also fun and from shareholders)! I have been as negative as most from seeing my investment mismanaged but kept that to their webpages as this was a more direct feed to the BOD.
I hope the BOD are held accountable but have no proof of wrong doing just of gross mismanagement. Trust me when I say I have taken a serious hit but would at least like the BOD to communicate with us the restructure plan before making a final decision on FLPC. Shareholders stay everyone else thanks for the comments move on please.
Hi Lcbm, I hope you are right I really do. I am still fully loaded and have not sold a share (what would be the point at these levels) but the silence and past performance should not be ignored either? As Pit has said many times 2014 ws a nightmare for FLPC and not what the share holders were promised. I hope for all that they do manage to turn around the situation. GLTA
Hi Pit, Not looking good here I would have expected some sort of message early in 2015? Hopefully they pull some sort of plan out of the bag but there is every chance they are just trying to close this down quietly? People leaving, no communication, assetts being realeased etc etc
Hi Bontooth, That is SO apt really made me laugh, probably one of yhe best posts on the board for some time!!
Hi Pit & LCBM, The problem I have with the latest fairy tale is that they keep telling blatant lies, if they had delivered on any of the BS I would be happy to give them a chqnce but as I stated a while ago they had until the end of the year. No 10K, no office pictures, no ore processing, no Rose Creek, no Jimmy, no revenues, no financing?
Do you really now believe Don with his new plan of going back to the original plan? I hope your correct but personally I think they are just trying to wrap this up in a convienient way. Notice the next couple of Months comment?
LCBM69 -Sorry but n they BOD have acted againstr all values regarding shreholder trust, I am long but we have been scammed admit it. Rose Creek the latest addition gone, Jimmy gone, now we are going to sell aggregate and make a killing? Really what is rare earth about a commodity any fool can dig up?
Maybe I am missing something but the basic fact is everything they have promised they have not delivered on, Rose Creek and the Mill was for me the last play and the fecked it up as with everything else.
Liars,liars, liars, liars
Hi Lcbm68, Please tell us how on earth this will turn round because I now can not see it. They have only announced the shareholder meeting as they could not get the approval without it even though due to the priority shares it is a foregone conclusion? Jimmy leaving and no news is not a sign of impanding boom. But feel free to share
Hi RJB, Could not have said it better myself. If your not invested move along you have said your piece, I actualy share some of your concerns Be Wary but give it a rest PLEASE!!!!
Hi Marexx, I agree nd am still long but missing the 10K and defaulting on Arabia did not impress me. The only thing that will recover this is solid operational news regularly to give investors confidence.
The potential mill (yes potential until we actually mill somthing) is great but guess what we had Arabia and other properties as well and where are they?
FLPC's BOD timeline is critically short, I was impressed with the conversation I had with Bob and even more so when Don posted tht great news and the long awaited uccess we have been waiting for is just around the corner but so far...
I hope for all concerned they have something significant to convince us investors that this is an ongoing concern and that they are not just stringing us along.
Hi Chas, I am long and invested fairly serious amounts of $ but getting to the point that unless they start to show more operational progress I am not buying more. My issue is not the Company status but rather the blatant disregard for the share holders. Arabia defaulted, they only told us because someone else PR's it. 10K seriously late - I mean come on guys supposed to be a professional Company!
Where are photo's from offices?, where are the geo results, where is an operational update from Jimmy stating what the are finding at Rose Creek? where is the go live date for the mill? where is the plan for the stock piled antimony, where are the contracts to mill for 3rd parties, financing etc etc
Give investors some of the above and there are reasons to buy more! Not and people will sit and wait.
Hi Pit, Is that you being a little positive? I think we may be in for a surprise. Maybe they sell the stockpiled ore in an agreed single amount and run it through the mill? Maybe the gold play kicks up some nuggets, maybe another Comapny want to mill some ore?
All are possible and could lead to quick revenues but I also think early next year is when the steady stream will commence. I think we will hear more on financing very soon and obviously the 10K will be out (not expecting much in that since it only goes to end Jul)
Hi All, Waiting for powder to clear to do some ask slapping! I think given Don's latest PoP update that news is close. I especially liked the comment
"While there have been numerous challenges in achieving these significant Company advancements, we are confident that with further incremental funding we are poised to advance to the level of success that our management team has envisioned and our shareholders and investors have long and patiently anticipated."
Could be hot air but they are sounding MUCH more confident these last few weeks.
Hi Pit, You said trip 000 by Friday just gone, did not happen. A LOT could happen between now and then. Not only that but we have absorbed lots of notes over the last year without hitting trips so it is possible that we absorb the next chunk as well. My point is if your really are sitting on a boat load of shares that you have taken a beating on over the last year, why keep slamming the stock? At least look at both possibilities.
Prsoanlly after my talk with Bob and the messages FLPC have put out recently I think we will see an unremarkabe 10K but will get news that will show the true direction and looming revenues. This is soo way under valued that this could then fly.
Hi Pit, You said that we would see trips by the end of this week? Let's see if your right?
Hi MDuffy, Yhe said a smuch to myself when we spoke. I think the critical step will be the launch of the mill and a revenue stream starting. Not sure whether these will happen in time for the next set of notes and maybe people are waiting for those to clear before investing? The danger with that is if revenue/mill starts before then they could be left behind. Everyone knows that this is undervalued and unless disaster happens this thing will run!!
Hi CHS1 Not only is your caps lock permenantly stuck on but you only ever come on the board nd repeat the same message without stating any facts or DD. My opinion is that a RS will not happen this year based on information provided to many on the board from the BOD. The dilution last week was 0. So no dumping of shares last week as you state.
Caps lock ON - POST VIEWS FOR SURE BUT AT LEAST SPEND THE TIME TO LOOK AT BOTH SIDES OF THE SITUATION. Caps lock off
See how that works?
Hi Pit, Fencemaker is not closed down it is on hot standby, in my call with Bob we discussed possibilities for the stockpiled ore, for example a single sale of all so that a line can be set up at the mill to process and sell it all in one batch. Rosecreek is also thought to be the quicker way of generating additional revenues, Oh and we also discussed potential milling for other producers.
Up to you buddy believe, don't believe but if you really hold stock all this negativity makes no sense? JMO
Hi Pit, It got them an operational mine, 700mt of ore and an initial amount of revenue when we sold the trial shipment. You were around buddy back then how bad is your memory?
Hi Pgmomni, Everyone knows Fencemaker was put into idle mode as it costs $25K a week to run with the teams and we had no way to process the ore, This was prudent and it CAN be turned back on VERY quickly.
Hi Jotuk, I can confirm that it was and it was also worth staying awake until 04:30 to take the call. I am back on track with FLPC based on the discussion but did let him know why there is soo much negative sentiment. I was convinced that FLPC and Shareholders want the same thing - for the SP to increase and that revenues are key to doing this. Thanks Bob
Hi JBW, No issue found it funny. I have however had a call with Bob today and explained exactly hat the view of the common share holder was and current persception given the last year and current SP.
It was a good conversation and although the facts stand he did manage to convince me that there are legs left in FLPC and patience may well pay off. No insider news just honest / open communication.
We can expect the next CEO PoP update soon and personally based on our dicussion I am willing to give them another 6 Months to get the ship moving event with the increase in AS.
Hi JBW, Longstrider here, would love to have visited but curerently living in Singapore so would be a bit of a trek.Lol Seriously not been there but have to say couple of photos should not be beyond management?
Hi All, VERY disappointed with FLPC in the way they have handled the increase of AS. Most of us know that it had to be increased given the need for financing and to cover existing committments etc but as usual they did not consider the share holders at all.
We know that the Nov notes are almost complete, we know that they have news in their back pocket and we knw the AS had to increase. So that said why did they not put it out in the following way.
1. Confirm Nov Notes finished
2. Issue the 14C for sec on AS increase (as required)
3. ON SAME DAY put out an operational update stating future use of AS increase to get us to revenues and release some of the good news
I am still long but they are testing my patience here through a total disregard for share holders.
Hi Pit, Sorry have to disagree look how it has been diluting with the noted due, normally we clear the notes over two weeks which has just happened and then there is a week where the SP recovers. There are no notes due until December.
I think some slight news on processing plans will also come through to help no that the note is cleared but let's see, you say trips I say green week?
Hi G4, Many here can not understand why the SP is not yet moving. This is exactly why, until the notes are cleared or revenue starts then I think we are doing well to maintain an SP in the 0.002 range.
Thanksfully we are set for a number of weeks withot the notes hitting but I don't know if the Company id contributing to the dilution to fund getting the mill operational?
Either way the AS will run out soon and a big chunk of what is left is reserved for the notes in December - what do you think?
Hi Pit, Come on buddy cheer up, the note must be just about done the SP should recover at least a little before the weekend. You either believe that FPC with get the mill to revenues and that this will add value to the SP or not. If yes stay if not take the loss?
Hi Pgmomni, No they would have to release that news on financing and that to my knowledge has not been the case. Only remaining notes after these in Nov are at the begining of Dec (unless I have missed something)
Hi Pit, Have to agree that the SP should move north in November. I would not go so far as to say to what level as the outstanding note will put a lot of investors off. That said depends on what FLPC actually do, if they announce favorable financing, sales of processed ore etc then the SP could fly.
On the downside to get to operational productivity they could announce another increase in the AS which would stall any significant rise until the revenues are in full flow? Umm I think only the BOD really kniw the true situation here but either way the SP should be improving very soon. JMHO
Hi Pit, But you know that the note was due and the impact that would have, if through November the SP does not move with no notes due then I may agree with you. At least the Company debt is reducing as the notes are absorbed.
I think most of the last notes must be almost finished so the SP should respond either today or tomorrow? If FLPC can confirm transportation of ore to the mill, mill testingings etc as a look ahead to revenues then this will be another positive sign! I am willing to be patient to see if they get this thing to revenues. December will hurt if they can not mitigate teh last notes due!!
Hi Pit, You have to see the bigger picture here we know that last week we had notes due and much of this (although how much exactly I do not know) was absorbed in the diltuion last week. That will offset any initial SP increase but means another note has gone!!
Early next week the remaining shares from the note may hit as well so Monday/Tuesday the SP may struggle. But then no notes until December so all on November is clear. The SP may inc rease if confidence comes back but the notes and the impact they have with shorting, and dilutive effect need to be dealt with. JMO
Hi Nathanial, Not according to FLPC, they have stated that it is ready to go back to operations at very short notice?
Hi Guys, Although I find the posts amusing the reality is that no RS has been announced. Not only than but recently BOD stated that they had no intention to do so?
Now granted things can change, but the dilution is set based on the notes which are being consumed (hefty one in December is the last I thnk)they have NOT announced further toxic debt as yet. You paint a story which I agree could happen but it is one sided. They could also start the mill, turn revenue and need NO further dilution.
IMO the agreement is key if that gets signed and if the show an intrent to get operational with Mill and Fencemaker on line then this stock will fly. If like you say things stall or do not get agreed - were screwed!
At least present an abjective picture guys!
Hi Pit, So what happens if they close the deal, open fencemaker, process the stockpiled ore etc? Revenues and that will mean a whole different ball game. Yes the delay is frustrating but hey lot's could still happen and very quickly. JMO
Hi Pit, I agree with you totally, let the flippers flip, remember that this time last year we ran to 0.08 on Fencemaker opening. Now Fencmaker will open back up, we have milling capability, stockpiled ore, gold claims and new offices. Ummm think this could run when some of this gets confirmed - I know I do.
What we do need to do is when the flippers try to flip, buy them out make them buy in higher. I am in for some ask slapping!!!
Hi FLPC Longs, Slow day yestreday with many taking the day off from trading and ejoying time with their families etc. The BOD are at the mill finalizing things so news should only be a day or so away. Time to let this thing rip and in the mean time let's slap that ask to stick it to the flippers! GLTA
Hi All, Should be an exciting week, we need to consolidate here at these levels and hit the ask to prevent the flippers and MM from dragging the SP back down.
Hi llhabela777, Yes aware of that but if FLPC has a source and refining capabilities they could easily become a supplier.
Hi Pit, The Tesla factory will take 18 onths to complete so they will not start to buy lithium for over a year. There is time to put generate some revenue put the claims back in order and do the permitting etc to be ready. May already be happening?
I think finding out an intent with Lida and Smokey over the next 6 Month swill signal huge things for FLPC. Until then Gold and Fencemaker need to create revenues.
Hi Jotuk, Agree totally if we can generate some real bid support from the longs ten the flippers will get priced out and eithetr be forced to buy back in at higher levels and think twice in future or leave this ticker alone as they do not have the brass balls for the play? The vlume is great but we need to see some buying pressure to change the status quo. News changes everything and I think we all know it is on the way pretty soon!