#FRG taken a position recently - under the placing price - $100mil historical spend - 6mil mcap and now profitable with self funding growth to 8klns - quicklime essential for copper production
Great to see Zambia Modern Mining discussing production progress and the commissioning of Kiln 3 at Limeco.
Read the article in full - https://t.co/8KmCTthDQ6
#FRG#IndustrialMinerals
@Mikenarm@SCSWSharewatch@FireRing_SM Limeco definitely seems to be making very good progress now as it starts generating profits. A good time to research # FRG which owns 45% of Limeco. It's products are used in copper and gold processing so should greatly benefit in the booming mining sector
@SCSWSharewatch Any chance you guys could take a look at #FRG@FireRing_SM ?
£6m MCAP, cash generating. Holders feel it’s significantly undervalued and under the radar
Thanks
Great to see Modern Mining Magazine sharing the news of the hot commissioning of Kiln 3
As Kiln 3 ramps up, combined production is expected to exceed 200 tpd, putting Limeco on track to becoming one of the largest high-quality lime producers in Zambia
Read in full - https://t.co/cRVRKUg8MF
#FRG #IndustrialMinerals
Footage from the blessing ceremony at the commissioning of Kiln 3
Combined production of Kilns 1,2 and 3 is expected to exceed 200 tpd as Kiln 3 ramps up
#FRG#IndustrialMinerals
@djp4976@HaraldHadrada2 In the same boat! Looking for a new broker. Does HL offer like quotes still? This is truly really poor, can’t believe they haven’t given us any warning!
#FRG Momentum gathers pace. Hot commissioning of Kiln 3 is a defining moment
for Limeco.inflection point for Limeco, moving from an effective breakeven operation into profitable production, with the business
expected to be cash flow positive by year end.
#FRG
https://t.co/wHFqp7DjUx
“Limeco on track to becoming one of the largest high-quality lime producers in Zambia. Most importantly, this represents the inflection point for Limeco, moving from an effective breakeven operation into profitable production”
Operations and Corporate Update
• Hot commissioning of Kiln 3 has commenced following completion of planned renovations
• Gasifier refired and Kilns 1 and 2 back in production, with Kiln 3 to follow once it reaches the required temperatures
• Combined production expected to exceed 200 tpd as Kiln 3 ramps up
• Limeco on track to becoming one of the largest high-quality lime producers in Zambia
Read in full - https://t.co/C1Xl3by18d
#FRG #StrategicMinerals #Lime
Drum beat around #copper continues to get louder as inventories continue to tighten towards historic shortages. Supply side also struggling across a number of jurisdictions. Related companies starting to pick up a bid in recent sessions. Heavily exposed #CAML#ATYM#AAZ#JLP#ARS
While mining remains an important customer segment, it is far from the only one.
Limeco is already producing quicklime, hydrated lime and aggregates, while work continues on a high-purity calcium carbonate circuit expected to broaden the product offering further.
Industrial minerals businesses are often more varied than they first appear.
#FRG #IndustrialMinerals #LimeProducts