Formation Metals FCO

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Raccoon
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Re: Formation Metals FCO

Berichtdoor Raccoon » 21 Jun 2016 15:27

toch niet echt het nieuws waarop we zaten te wachten :(
ben benieuwd naar de koers vandaag, maar vrees toch voor een terugval


kopke1
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Re: Formation Metals FCO

Berichtdoor kopke1 » 25 Jun 2016 14:12

VANCOUVER, June 21, 2016 /CNW/ - Formation Metals Inc. ("Formation" or the "Company") announces today that it has signed an agreement with Micon International Limited ("Micon") for technical services to conduct a Bankable Feasibility Study* on Formation's Idaho Cobalt Project (the "ICP"). Micon will be subcontracting aspects of the study concerning the processing, infrastructural engineering, risk assessment, project scheduling, and cost estimating to SNC-Lavalin Inc. ("SNC-Lavalin"). This agreement represents the culmination of several weeks of a bidding process involving over half a dozen qualified engineering firms. The initiation of this process was first announced in the Company's March 2, 2016 news release.

"This development is a significant milestone in the advancement of the ICP towards production", stated Paul Farquharson, President & CEO of Formation Metals. "As a result of our recently completed C$4.4M financing, we are now able to fast-track the engineering of the ICP." He continued, "During this process, expected to culminate in Q1-2017, management will be actively pursuing additional financing opportunities with the ultimate goal of securing Capex financing to re-commence construction of our cobalt project

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Re: Formation Metals FCO

Berichtdoor Raccoon » 25 Jun 2016 15:17

zie ook pagina 3 kopke ;)

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Re: Formation Metals FCO

Berichtdoor kopke1 » 07 Jul 2016 16:11

VANCOUVER, July 7, 2016 - Formation Metals Inc. ("Formation" or the "Company") (FCO.TO) is pleased to announce it has entered into an agreement with Red Cloud Klondike Strike Inc. ("RedCloudKS") to provide capital markets advisory services.

"The experienced team at Red Cloud offers great exposure to a comprehensive technical and retail database with a proven track record of success. The timing of this agreement bodes well as we move into an advanced engineering phase of development of the Idaho Cobalt Project and position the Company for project financing", stated Paul Farquharson, President & CEO of Formation Metals. He continued, "This is an exciting time for all our stakeholders as the cobalt project advances through feasibility to produce ethically sourced cobalt salts - a critical raw component for the rechargeable battery sector".

Formation has reached a number of milestones over the past year on the Idaho Cobalt Project ("ICP") and has recently commissioned a Feasibility Study on the project (see Company News Release dated June 21, 2016). Management believes the Company is well positioned to become an important player in the supply of ethically sourced cobalt in the rapidly growing rechargeable battery sector, fueled primarily by the explosive growth of Electric Vehicles. Cobalt's use in rechargeable batteries has grown to 49% of total cobalt consumption and continues to grow at a rate of 11.7% y/y. Cobalt has recently experienced much media, analyst and news writer attention, as the commodity heads into a deficit situation and is expected to remain in deficit into 2018 and beyond. (Darton Commodities Ltd., Jan 2016 and CRU, May 2016).

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Re: Formation Metals FCO

Berichtdoor Raccoon » 07 Jul 2016 16:16

toch ook weer niet het spectaculair nieuws waar we allen zitten op te wachten... :?

kopke1
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Re: Formation Metals FCO

Berichtdoor kopke1 » 06 Aug 2016 13:34

Formation Metals inc noteert sinds 5 augustus 2016 onder zijn nieuwe naam eCobalt Solutions Inc. (ecs.to)

Kleine toelichting vanwege Rick Honsinger, Vice President

Much thought went into this. In our marketing travels there was some legacy issues with the name Formation, as I’m sure you are aware. We wanted to demonstrate that this is a new company with a new beginning.

The point of the name change is so we can position ourselves better in the rechargeable battery space (electric vehicles, renewable energy etc) by coming across as more of a technology provider than just a mining company. The word “cobalt” in the name will add a lot of benefits with respects to search engines on the Internet – cobalt is becoming a very hot topic as one of the three essential metals for the cathodes in batteries namely, cobalt, lithium and graphite – cobalt is the one with supply chain issues and is going into deficit in supply.

As Paul’s quote stated: "eCobalt Solutions Inc. more accurately reflects the current and future direction of the Company as a strong player in the renewable energy and electric vehicle sectors. “

And our new Mission statement:
“eCobalt Solutions is committed to providing a unique opportunity for consumers to acquire an ethically sourced, environmentally sound, transparent supply of battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, produced safely and responsibly in the United States.”

Also, the “e” in “eCobalt” stands for many things: essential, energy, environment, ethical, to name a few.

Onward and upward.

Best Regards,

Rick

E.R. (Rick) Honsinger, P.Geo.
Vice President
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Re: Formation Metals FCO

Berichtdoor Robertorava » 09 Aug 2016 12:08

leuk om die toelichting te lezen :)

president-s-letter-to-shareholders:
http://www.ecobalt.com/news/news-releas ... ust-8-2016" onclick="window.open(this.href);return false;

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Re: Formation Metals FCO

Berichtdoor Raccoon » 09 Aug 2016 12:49

The sky is the limit :-)

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Re: Formation Metals FCO

Berichtdoor Robertorava » 09 Aug 2016 15:41

haha ja, dat werd er 8 jaar geleden ook gezegd toen in instapte in Formation Capital...

Maar wat verwachten jullie op korte termijn?

ikzelf denk het volgende:
Er zijn nog 3 grote hobbels te nemen, precies dezelfde als lang lang geleden.

1) het haalbaarheidsonderzoek(BFS), verwachting is dat dat klaar is in q1 van 2017. in aanloop daarvan verwacht ik wel dat we naar de 1.0 a 1.5 cad gaan.

2)De Financiering, de geruchten van de financiering zullen na het onderzoek snel opgang komen en verwacht dat we dan naar de 2 a 4 dollar zullen gaan. (2017)

3) Productie, ik meen dat ze daar anderhalf jaar voor nodig hebben, normaliter is dat een stille periode waarbij de koers weer wat inkakt, maar gezien de stijgende cobalt prijs, die dan wel heel belangrijk voor de winst gaat worden verwacht ik dat we na de constructie (2019) ergens tussen de 5-10 dollar zitten.

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Re: Formation Metals FCO

Berichtdoor Raccoon » 09 Aug 2016 15:52

Veel zal afhangen ook van de Cobaltprijs.
Met 5$ zou ik al zeer tevreden zijn op lange termijn, en bij 10$ ga ik op pensioen :-)