Ann: Trading Halt, page-13

First 13 Last

Share
Profile

Follow
LoganLou01

7 Posts.

05/03/24

23:12

Post #: 72761554
Share

Originally posted by BurningCash: ↑

Thanks mate
No unfortunately my holding is not that large and I am not a board member just a bored member at the moment. Hahah
I have been around with Freehill for many years and waiting patiently.
It is the only company I own that I actually attend Zoom yearly meetings.
The reason I purchased this many years ago is the land position and the large amount of deposits for iron ore they have.
But as like any exploration company it takes many years to get into a production stage. I think on average it's around 8 to 12 years yet freehill is now heading into somewhat production before that time frame. So I consider that a win.
Hopefully once they start making a revenue and some profits they will focus back on the main prize and thats the ore.
But having both going at once would be the best case.
Its also good to see some larger orders coming in with regards to the concrete orders.
Only one thing i have been disappointed about and thats the fact the freehill only holds permits to move 5,000 tonned of iron ore per month and it takes several years to get permits to increase that number. So i would hope once they start seeling iron ore they jump on that as well.

Expand

Thanks for your patient explanation, I really appreciated.
I wondered how hard they could get permits to have the large production? Also what's your target price for FHS, and how long you think gonna achieve that price? Thanks

FHS Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply