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 agree, this placing talk is pretty much a drive just to get the share price down. The days of "this is funded for the next 12 months" is over imo. Big week next week!
Well spotted Datguy, I don't think there will be a placing, they can manage with conventional finance to fund massive expansion. I actually think the placing rumour is the short camp getting very nervous.
If they want to raise money to make more products to send out and accelerate the company's growth then I'm fine with that however there's a few things to point out. We still have 3-4 months of installments from Ox coming in which is worth around £350-500k, our costs have been slashed now with the sale of O&G assets and letting go of a lot of the team and most importantly CBD sales are starting to grow now from our existing stores and online. If we do a placing 1) it won't be to keep the lights on 2) it won't be at a huge discount 3) we would still have a relatively low number of shares in issue. GLA
Very obvious who traded these on Friday!
Placing is always a worry for a growing company with not enough cash to support fast growth....I don't think the current sales and revenue are big enough to pay for every day running costs and fast track going forward, so the million dollar question is where this funds going to come from????....a partner with big pockets is probably a good option but always comes with some cost (shares and warrants....)a bank loan base on potential forward sells is a good option too but can the company get the banks agree to land them????...and of course there is the most common way of placing that comes with hefty dilution....remains to be seen.
Whatever happens we could see short term set back (SP wise....) HOWEVER, if the company is going places with this exciting CBD venture and use any cash raised to accelerate fast growth this possible little set back could be only short lived and we could see very strong recovery and decent rewards in the middle/long term....IMHO.
I will watch the company update with positive anticipation, certainly have no intention to sell any of my holding (unless news are so poor...)
And will try taking advantage of any possible weakness....
GLA.
If you have concerns that we need "setting up for the next 12 months" and feel that a placing is probable I would suggest you raise the question for the presentation on Wednesday - that way you'll get an answer from the horse's mouth
Oh a thread started by shorters over at IG, better hurry up and close out guys, chap on twitter looking for 1/2m top up, don’t say you weren’t warned. Don’t be the next jubilee capital;)
We still have money coming in from oX as well, if there is a raise I'm comfortable with it
The only raise imo would be to pay Storys loan off, as a this will result in far less dilution,unless of course cash is coming in sufficiently to pay it off. Think this will become clear from the presentation on Wednesday.
I did consider this point, however its almost unheard of, for where we are are at, they we won't get another raise before take off?
Hopefully the presentation will give us a a clue about funding?
Not sure this is going to happen, why would John Story be buying on the open market at a high price if they are going to raise?
shortly not shorty
..was June I belive at 4p, would imagine another placing to take advantage of much higher SP, setting us up for the next 12 months.?
Anything in the mid-high 30's would be good placing price IMO.
Would do others think about another fund raise shorty?