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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Richmond, 10k might not be a lot to you, but it is to me. We've all got to start somewhere. And it's only £10k from the perspective of what I've spent, it's about £7k as it stands but it's potentially much more if it grows. Not sure what you mean by commotion.
Scrambler, the reason I posted is because several people have asked why I'm invested. If you're not interest in my posts, you know where the filter button is. (I have never filtered anyone because I want to see all contributions, even if I don't put any weight in them. And I don't question anyone's right to post, irrespective of how big their investment is. And I don't BS).
I have just totted up the shares that I have with Amigo, and there are 161512, with an average of 16.75p. My average was higher however I have put a bit more in to reduce the average. For me the key is starting to trade again. The complaints are what they are. We seem to be a nation of entitled pu$$ies, which I find a little frustrating.
Ns20,
Ive been invested here since june. Reduced a bit to play elsewhere. I just laugh when they all come out when the sp drops. As i said before im really positive this will turn, and turn big. Once the current board start dropping positive RNS's we will be on the way!
My views are quite simple. Do your own research on shares and buy what you think is going to do well for you. If you are in a share and had enough of it you sell it or just leave it on the backburner if you think it will recover.
To constantly post negative comments for months....come on. You have to be some sort of loser to do that.p
Richmond I was BLOODY lucky
I sold my boo at 380 on results day and stuck them all in here
I'm a little down here but nothing like I would be if I'd held there
ns20
To be honest I'm as buoyant as ever and I still intend to stay here for my dividends one day. Imagine first div pays you the stake you put in now lol.
I also think 50p is achievable by Q1 next year
If G3E allows me to take out any of my profits and this is still 9pish I'll be topping up
Hi Scrambler. . I am interested in any sane and rational views, good or bad. It is a little sad how the mood drops with the share price. I think this will start to turn soon. There are larger investors than us taking a position, from what I am seeing and patterns emerging on the L2.
Hey Riich999, I know!
What others are you invested in?
Ns20....dont be fooled!
I was. . .
War and peace!
No one is interested in your constant BS.
A few people have asked me why I'm invested because my posts have been quite challenging. Fair enough, I thought I'd set out. First of all, this has always been an investment I’ve been nervous about. But as many have said, big rewards only come with big risks. I've lost money on other sub prime lenders that are no longer with us so I did a lot of research to understand what did for them and why I got it wrong.
I thought I had done with sub prime but when Amigo's share price plummeted, I became interested. I've kept my holding low, partly because I don't want to lose too much money again if things go wrong and partly because what I came away from the payday lending sector with some doubts about their behaviour. So, yes, I’ve been cautious as I’ve gone along.
When I bought in, I thought Amigo was so underpriced and was different enough to the payday lenders that they were worth a punt. Amigo aren’t just online, they speak to applicants before lending – not true of payday. The interest rate is lower than payday in percentage terms. It was a FTSE 250 company. It felt like a lot of the firm’s problems were temporary and down to James Benamor. So I saw some key differences and big upsides.
I’ve said a few times, I’ve never believed the hype that this was going back to being a £1.3bn company. I never would’ve bought in at 270p per share. But at less than 10p, worth a go. I could possibly see 50p per share within a couple of years – that’s a 5x return.
After my experience with payday lenders, I was (and remain) convinced that the BOD strategy of positive engagement with FCA / FOS is the right approach to achieve that kind of SP. None of the payday lenders, even with their multinational parents, ever judicially reviewed FCA or FOS. None of them ever acknowledged their complaints liability either, so I was reassured that Amigo had put aside such a big sum to deal with complaints.
I was always concerned that the BOD didn’t share the assumptions behind the provision. But I forgave them that because I thought it could just attract unwanted attention to say they expect to receive / uphold / pay compensation on X thousand complaint. And I did my own maths about what the assumptions might be, which I’ve shared. I had nothing to sense check that against, but it seemed OK.
I was hugely disappointed to lose Glen – I thought he had gravitas, experience and steel. I liked the fact that he distanced himself from Benamor. I worried that his departure would tempt people to back JB, but when JB lost, I decided it was worth a top up. My average is now 11.5p.
If this does get to 50p, it won’t change my life but I’ll do pretty nicely. But I also don’t want to lose nearly £10k. I do see major challenges and I’m expecting more bad news on complaints. I don’t want to see a repeat of Wonga / Brighthouse but if it’s going to happen I want to know about it as soon as I can. So that's me - if you think I'm a deramper or parasite