Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Come on now - you could have gone with Borag maybe?
Why would I purchase off you for 6, when I could purchase off the market at 1.3? Anyway, I’m illiquid as I tend to buy and hold with most things - I have a shred of patience you see. Then some stocks trading a non-core holding, like this one.
Genuinely why don’t you contact shareholder relations / company secretary if you are worried and request a rough timeframe on results. I’ve done it on other stocks and they are always accommodating where they can be, within the rules.
Vorag likes the sound of his own boring voice, at least I have a brain and not an empty space between my ears and I'm happy to sell to you at 6p a share. Seeing as your so confident put your money where your mouth is! Lets see how confident you really are with this SP.
Stop getting ratty with each other, the financials will be released in good time, remember there's taller guys with bigger eyes focused on them.
One thing for sure the company is making money, how much is anyone's guess, but the best thing....
I'm knocking back a smartie
Sounds like you have the patience of a fiv..no wait...three year old. This share sounds too stressful for your tiny mind to comprehend if reading more than two lines is too much. My advice would be to sell up and move on. You’ll be less gammon in no time.
Vorag put a sock in it, no one wants a huge long essay we just want them to start publishing figures! I dont give a damn about that long boring post I just want to know what's happening with my investment!
In 2017 163,405,661 new ordinary shares were created or circa 41% dilution at 4p or a 22% discount to market value of 5.13p at the time. The Placing was heavily oversubscribed with 16 new institutional investors, raising 8 odd million in total. In addition Sir Donald Cruickshank (non exec) took 1,250,000 and Simon Cole (CEO) took 750,000 and Mathew Honey, Mark Foster, Eric Cohen (non execs) around 250,000 each. Paul McGowen 2,500,000. So the board massively backing the company. Shares were briefly suspended due to non filing of accounts but re-admitted quickly and Universal contract announced, followed by good interim results in Sept 2018.
Then, further to its announcement on 8 October 2018 regarding shareholder funding, it has signed agreements with 3 shareholders to provide an aggregate facility of £1.5 million ("Facility"). The Facility is on standard market terms and is convertible into ordinary shares at certain specified times prior to maturity in December 2019. The price at which the principal and interest under the Facility may be converted into new ordinary shares is calculated by reference to the volume weight average price of the existing ordinary shares. The maximum number of new ordinary shares which may be issued pursuant to the Facility is 58,157,529 ordinary shares.
So the company either ran out of money or wanted further investment to grow, but did so with another large dilution, not long after the last one in 2017 in a debt for equity type swap. You can see the effect on the share price at the end of October 2018.
Therefore, it is not useful to simply say the SP was x back in a year, why can’t it go back there. There are many more shares in circulation now, so the same revenue as 2017 would not generate the same SP. We do need results to significantly move the price, but they will come when they are due and not before.
Kettle is correct this SP doesnt give much confidence, they need to release figures to gain that confidence back not just spout BS to investors
This share price was 7p back in 2017 here we are 4 years down the line and hoovering around 1.38 wats going on with this company, we have more contracts now than we did back then which should mean more money coming in yet the share price is depressed. Dont give pi much confidence to invest in here.