ICU - Investor Centre

[UPKA]

Re: FWL - Ferrowest Limited

What is the go with the PFS?

The MD has been adamant for months that it will be out in July.... yet here we are sitting and waiting for it with 1.5 days left of trading.

I fear this is bad time for such an important announcement to be released with the whole market scared of an impending collapse.

Im guessing the ann has been lodged to ASX, and its up to the exchange to release it now. Dont worry about the correction, i dont think the holders in FWL r ur average Joes, so they definately know what they r buying into, wouldnt sell js because theres a correction in the market.

 

[mobcat]

Re: FWL - Ferrowest Limited

Dont stress Fool the US markets sub prime faces a 200 billion dollar loss and that causes a 2 trillion dollar sell down that makes no sense to me just compounds a problem and the market dosent compound it levels the scales and op,s present FWL,s a nice place to park fold atm and earn on PFS i dont think the market has factored any PFS into FWL sp atm and it might take a week or so for it to soak in but it will show a earn FWL FWLO in August imo

 

[Fool]

Re: FWL - Ferrowest Limited

Rang the director and without actually saying anything, he said there has been no delays and that the PFS will be out by the end of this month.

So it's coming out today or tomorrow, and yes like you have said, it's been lodged with the ASX - now it's just a matter of when it will be released.

I have topped up today on the punt that the PFS will be strong and the low liquidity of this stock means it will be harder to get onto post-PFS.

There must be a bunch of people just sitting waiting for the PFS, and if it's good news will jump on anything they can get.

 

[prawn_86]

Re: FWL - Ferrowest Limited

i just purchased a very small parcel in anticipation of the PFS. will only be in it for a short term trade though so hopefully everything falls into place

 

[Fool]

Re: FWL - Ferrowest Limited

As most on here, I think this is a longer term play.

You would probably be best to sit on it until September when the next major announcement is due (BFS? off the top of my head).

 

[prawn_86]

Re: FWL - Ferrowest Limited

that is part of the reason im in; the long term potential.

i dont normally do short term trades, but i feel comfortable with FWL that if things dont go to plan in the next week i am happy to hold. I will just have to shift some other funds around rather than using the money from FWL that i was expecting to use.

 

[YOUNG_TRADER]

Re: FWL - Ferrowest Limited

Looks like FWL bounced off the 74c/75c support line,

Volumes are light though today, but are already more than yesterdays fall which is positive I think

Well tomorrow is D-Day for FWL, tomorrow is the last day of the month and Brett Manning has been adament that the PFS will be out before the end of the month, so seeing as he released the JORC before the end of June like he said albeit at the 11th hour I expect the PFS to be released after market close tomorrow, thats my call,


Also very good to see that the 75c support line has been respected time and time again, althugh watching the close where a $7k sell took us down to 76c I get the feeling games are being played

 

[Fool]

Re: FWL - Ferrowest Limited

With the DOW up 100 points overnight, we should hopefully see some less-nervous buying happening pre-PFS releasement.

Hardly any volume seperating FWL from it's previous high of like 92c ?

Price Quantity Number
0.800 1,118 1
0.810 222 1
0.820 32,300 1
0.845 13,157 1
0.855 31,000 2
0.865 17,175 2
0.875 15,250 2
0.880 1,000 1
0.885 1,000 1
0.890 35,157 3

Is there any advantage for FWL to wait until market is closed to release that announcement?

I don't understand why they wouldn't just push it out at open and let the market do what it will do anyway?

 

[Fool]

Re: FWL - Ferrowest Limited

......... expect the PFS to be released after market close tomorrow, thats my call,

Quoted for truth.

Sort of annoying they didn't get it out before market close - I still can't figure out what advantage they have by doing this.

 

[UPKA]

Re: FWL - Ferrowest Limited

if we dont see the PFS out soon, alot of impatient holders will jump the boat... wont be good for the SP...

 

[Pommiegranite]

Re: FWL - Ferrowest Limited

if we dont see the PFS out soon, alot of impatient holders will jump the boat... wont be good for the SP...

PFS is out and it looks good.

We originally assumed that output would be 500,000 tpa
PFS shows 1.5 million tpa

 

[toc_bat]

Re: FWL - Ferrowest Limited

yes definitely looks good,

but its 500,000t/yr for the first yrs or so, 1M thereafter, the 1.5M figure is i understand a could be if the resource is upgraded or maybe its an averaged out figure if the mine life is to be 20yrs,

in any case EBITDA is $105M/pa, so now YT get that brokerof yours to buy up all shares cheaper than $1.20 , LOL

but look at that - theres already someone out there who is offering 10,000 shares at 79c, considering they closed at 80c this person is perhaps dissapointed, or is expecting a bidding buy war and wants to be first to sell at a higher price? i dunno, time for bed

 

[UPKA]

Re: FWL - Ferrowest Limited

PFS is out and it looks good.

We originally assumed that output would be 500,000 tpa
PFS shows 1.5 million tpa

looks like they lodged in the PFS on the 31st, and ASX released it today. may take couple of days be4 the investors or brokers see this report, so we might have to hold on to this lil one a bit longer...

 

[Pommiegranite]

Re: FWL - Ferrowest Limited

yes definitely looks good,

but its 500,000t/yr for the first yrs or so, 1M thereafter, the 1.5M figure is i understand a could be if the resource is upgraded or maybe its an averaged out figure if the mine life is to be 20yrs,

in any case EBITDA is $105M/pa, so now YT get that brokerof yours to buy up all shares cheaper than $1.20 , LOL

but look at that - theres already someone out there who is offering 10,000 shares at 79c, considering they closed at 80c this person is perhaps dissapointed, or is expecting a bidding buy war and wants to be first to sell at a higher price? i dunno, time for bed

lol...if we all started reading stuff into sellers selling $7900 worth of stock, we are doomed I tell yer.

 

[toc_bat]

Re: FWL - Ferrowest Limited

looks like they lodged in the PFS on the 31st, and ASX released it today. may take couple of days be4 the investors or brokers see this report, so we might have to hold on to this lil one a bit longer...

well the trading of fwl in the last month gave me the impression that sellers and buyers were reluctant, so i guessed they were waiting for the pfs, i think lots of people were, so i reckon they have all read it by now, but it may take a few days to see what the general concensus is,

 

[Pommiegranite]

Re: FWL - Ferrowest Limited

looks like they lodged in the PFS on the 31st, and ASX released it today. may take couple of days be4 the investors or brokers see this report, so we might have to hold on to this lil one a bit longer...

UKPA, the simple fact of the matter is that there is hardly anything for sale i.e $500K. That's all...fullstop! A broker is gonna have a hard time accumulating any meaningful volume.

So predicting the SP is a pointless excercise, as its just so unknown.

Its great to see this project being presented in a 2 stage format. Capital Raising will only be required for stage 1, and I'm sure with the figures presented, an equity partnership will not be a problem further down the track.

Next hurdle...ITmk3.

 

[charly100]

Re: FWL - Ferrowest Limited

Wheres YT?

YT im sure you've seen the PFS by now - what are your thoughts on it, imo it looks pretty good especially with the proposed ramp up within 5 yrs CAPEX is a bit higher than i was expecting but that shouldnt matter too much?

 

[UPKA]

Re: FWL - Ferrowest Limited

the PFS has been corrected, the new operating cost is lower , bt EBITDA is higher... i guess it doesnt make much of a diff

 

[Damuzzdu]

Re: FWL - Ferrowest Limited

the PFS has been corrected, the new operating cost is lower , bt EBITDA is higher... i guess it doesnt make much of a diff

You have it around the wrong way.....the operating cost is now higher and the EBITDA is lower, it might make a difference.

I've looked at it several times just to be sure.

Cheers
Muzz

 

[UPKA]

Re: FWL - Ferrowest Limited

You have it around the wrong way.....the operating cost is now higher and the EBITDA is lower, it might make a difference.

I've looked at it several times just to be sure.

Cheers
Muzz

yes i have... got confused reading two identical reports..., bt how did they make mistake on that! thats abt 40% difference....