Market's view on Firering Strat
Published on April 2024
- There is dissatisfaction with the frequency of updates from Firering Strategic Minerals, with a Stock watcher expressing disappointment over the lack of communication since the company’s last update in August about the Lime plant project.
- It is mentioned that the lime plant project was expected to take 12-24 months to complete, including the modification and commissioning of kilns, with Firering holding an option to acquire up to a 28.33% interest.
- Firering announced receiving 20,000,000 shares in Ricca Resources as part of a deal related to the Atex Lithium-Tantalum Project, with these shares being issued following a delay in Ricca’s IPO.
- Concerns are raised regarding the progress and current status of Firering’s quicklime project.
- A Stock watcher notes the market capitalisation of Firering is now at 3.3 million.
- There are discussions about the lack of updates and perceived inactivity from Firering, questioning the 2021 plans for pilot production of tantalum and niobium and the status of a €7.5 million debt facility.
- Firering’s strategy to increase shareholder value is criticized in light of current performances.
- A new drilling contract for approximately 3,000 metres with FTE Drilling was announced to start in mid-January 2024, with results expected by the end of Q1 2024.
- A Stock watcher acknowledges Firering’s focus on lithium, despite recent diversions, and notes the potential value in Firering’s assets relative to its market cap.
- Concerns are voiced over the departure of a team member named Neil, with a sarcastic remark about the company’s future.