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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Thanks Franky - I thought I had missed something. The other assets will certainly have value which is increasing with the PoG. You cannot go very wrong by holding your only decision is at the current price are there better opportunities within other gold stocks or do you switch to Barrick, forgo the 15p dividend but not be restricted on your growth. After holding for so long it was not an easy decision for me to make but I obviously decided to switch, only after the dust settles will we be able to judge if I made the right call but we will both be making money which is refreshing, the only call is who will make more.
I think the gold in containers will be used to pay off the GOT probably. We ll see jack s#/t of that Super but still assets out there with value.
No you re correct BB but they are already in advanced stages of selling assets and are mooting between 9p and 13p as the special dividend which is why it's worth holding. Its effectively 4% ROI which most investors would be happy about over 12 months.
Ok but I think you only get the dividend based on sale of the non core assets - I don’t think you get anything for the gold in the containers, am I wrong?
What Franky and I are thinking is if we stay in Acacia rather than Barrick we also will later get a special dividend promised for the exploration rights from the other African Countries and also for the Gold held in the containers, etc. So we calculate this to be worth something to stay in Acacia.
I was thinking of buying something like Thomas Cook with some of the free money made on the other shares sold, and so a free entry with some risk built in. i.e. My other stocks will come back on time but do not offer too much more risk. So to provide a little balance I was thinking of greater risk. Events change every day so I will know more next week.