Bullboard - Stock Discussion Forum FOCUS VENTURES LTD. V.FCV

Metals & Mining Industrial Metals & Minerals

"Focus Ventures Ltd is a Canadian-listed exploration company. It is engaged in the acquisition and exploration of mineral properties located primarily in Peru. The company focuses on developing the Bayovar12 sedimentary phosphate project in northern Peru. Focus Ventures operates through two geographic segments namely Canada and Peru."

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TSXV:FCV - Post Discussion

FOCUS VENTURES LTD. > Drop in share price??

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Post by ELIMEOK on Jan 05, 2016 12:11pm

Drop in share price??

What's with the steep drop in share price? It doesn't make sense, especially after the postive results from the PFS.

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Comment by wayned on Jan 05, 2016 12:21pm

I don`t quite understand it . All I can say is somebody is buying up those shares as soon as they come on sale . Be very interesting to see how much is insider buying .

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Comment by bulava on Jan 05, 2016 12:29pm

Very odd. Good PFS numbers yet a huge selloff. Question now is whether to add more down here and average down.

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Comment by 18Months on Jan 05, 2016 1:38pm

Sadly today's decline is because long time supporter Brent Cook has thrown in the towel. His rational is that while Bayovar is likely to be developed into a profitable mine, it'll take longer and be costlier than he had originally hoped. That puts Focus in a tight financial pinch. Lots of financial commitments ahead, a loan to payback and a tough sell to get a major partner on ...more

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Comment by carinthian on Jan 05, 2016 2:06pm

Thanks for the info, at least it is not a geological issue Cook is worried about. And at least it seems unlikely the warrants expiring April 2016 will come into play now... Having an average of 0,15CAD/share I thought I got in ok but needing another double to break even... Interesting experiences to be made in this market... Just my personal thoughts. DYODD. carinthian

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Comment by bulava on Jan 05, 2016 2:14pm

I'm with you, @carinthian. Surprised at the market response, was expecting the exact opposite on the PFS release especially after the drop from the long-term 20c base. Hope we get back to the 15c you're hoping for.

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Comment by carinthian on Jan 05, 2016 3:10pm

Bulava I hope so too. :-) Negative is: - the 5mio principal plus interest due in September 2016 - high sensibility to product price - so it depends on what price was used - I calculate 165USD/t which is too optimistic in my opinion - 130mio USD Capex Against the negative I count: - As it seems the PFS has used a USD/PEN of 3 vs. currently 3.4 I guess so this might help with OPEX. - Still room ...more

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Comment by ELIMEOK on Jan 05, 2016 3:06pm

Thanks for this info! Just out of curiosity, how do you get this sort of information? I tried searching for news released related to FCV at the drop, but came up empty apart for the PFS.

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