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Firestone Energy

  • How you can spot the next company going bust on the JSE…
  • In September 2014 I warned investors against Highveld Steel, I told them I expected the company to go bust. Back then Highveld Steel shares traded at 555c, down from an all-time high of R188.75 a share! Then on 14 April 2015 the company announced it would go into business rescue proceedings. At the same time I told investors to watch out for Firestone Energy. And since then Firestone's... ››› more
  • [03 September 2015]
  • About the company: Firestone Energy Ltd [JSE: FSE]
  • Firestone Energy is an exploration and development mining company. The company has a listing on the Johannesburg Stock Exchange… Full name: Firestone Energy Limited Short name: Firestone Ticker: FSE Sector: Basic resources – mining Five top facts about Firestone Energy Fact #1: Firestone Energy is primarily interested in the exploration and development of coalfields. Fact #2... ››› more
  • [22 December 2014]
  • Three shares that'll crash and burn before you can count 1, 2, 3…
  • A recent survey of on international stock exchange, the ASX, found that as much as a third of the 2,100 companies listed there are at risk of financial catastrophe. In fact, 58% of the bottom 500 companies on the ASX published warnings they could go bust within 12 months. But surely this isn't the case in South Africa, is it? Well if that’s what you thought, you’re sadly mistaken my fr... ››› more
  • [29 September 2014]
  • Avoid these Toxic mining investments at all costs
  • One of the world's largest, highest grade platinum resources was just discovered. It's estimated the site contains enough platinum to mine for 50 years. And the costs will be rock bottom. It'll cost $500 to mine per ounce of platinum produced and there'll be hundreds of thousands of ounces taken out the ground every year. Simply put, this new discovery will become a mine that's a serious cash cow ... ››› more
  • [21 August 2013]

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