Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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I see Odey is bailing out big style..... still he has probably balanced his books with his big buys in the 170/80’s ...
You may be right Franky but that would be a very dangerous route for Barrick - I can’t decide if it would be classed as fraud or misrepresentation but either way a dangerous move if it ever came out and everything does eventually.
I wonder if North Mara has now been shut down effectively? Also...I wonder if the ban will be lifted before the paperwork is finalised, as that would open the door to other bidders..I would think Barrick would hold this back to prevent counter offers?
Or of course something entirely different could happen. Hopefully just a tree shake.
Obviously your call Pat but full offer and dividend against max 1.5% (much less for higher amount of trade) still works out as a good deal.
Personally I don’t think no deal Brexit will ever happen so the pound will rise I’m thinking if it hits 228/230 I could be out .. don’t forget there will be the 1.5 % fees for foreign exchange which in my case will over 3p of the share price
It's not risk-free though. Barrick share price might fall (after recent large gains), the pound might rise (after reaching the lowest in 2 years) and gold prices might fall (after its recent large gains). Anything could happen. If all 3 happened at once, we might not even get £2.32.
Personally, I won't be selling just yet but I won't be buying any more either.
My maths is that I m pretty sure of a worst case 6-7% return by leaving it in...any investor would be delighted to get that over 12 months not 3 months.
Agree Franky to sell now is too early what with the price we have here short of the offer price, £232 - £240 plus with the divis for the exploration, etc. I would like the export ban now lifted, and what with not only the Fed, but with Sterling likely to fall further as the Conservatives are likely to start infighting and all that silly business and what with the chancellor threatening to resign any dollar earning share sch as Acacia should do well. We also are now linked to the Barrick price and that will pull us higher if sterling falls.