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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Big buys !!
No trades and 10.53% up?!
0.85.....could be the bottom,that...imo
gl
Yes, I think they would like to sell as want the cash out as have other projects etc.
Just don’t think theirs a market for the shares at the moment, also if they were selling, perhaps would expect a TR1 Notification if they drop below the 20% threshold.
So for now in limbo, hope they do find a buyer for their 150m shares, just don’t want them drip fed into the market with any rise.
Hope BMV sort this TMUP out over the next few weeks and months - as it’s certainly put a spanner in the works, to their plans etc
I’m in and sticking it out, and hope it comes good.
Also need to understand rationale for selling shares , which is most likely down to southern needing cash
Bankboy - I'll accept your apology, and will leave it at that. Its natural for the price to be dumped when a major holder is selling its shares, its down to the market makers defining the price. not southern gold. Dont understand your comment 'they are not selling and getting it away so think they are playing games'?
They should be out by end of summer if they sell 1m per day.
Barry, I was not knocking your post, soz if you read it that way. I apologise and thanks for info.
Just venting at Southern Gold tactics of driving price down, they know with that size interest they are not selling and getting it away, so think they are playing games.
Hope they do clear off and hopefully we get some news on the TMUP soon
All best
bankboy - more like ****boy! what i wrote i didnt need to share, i was helping the pis out. you called me out on bs but didnt say what was bs. anyway i will ignore you and your comments/questions from now on.
until the 150m has been sold we're going no where, after sg exit expect a big rerate, hence good time to load up now sub 0.9p.
150m shares at half penny = £750,000
No doubt all being sorted as we sleep the next 7 days.
I’m sure BMV BOD’s will raise that cash against assets of 3 mines.
So - If they do very good.
Southern Gold now getting underwater, they borrowed and raised cash against holding in BMV.
That’s my take.
BMV should as a listed company, look to suspend shares and bide time.
Hey Barry, ok fair, tbh only read your post again as thought you were just posting the rns.
So - BMV should state in a new RNS that they are hoping/seeking a buyer for Southern Gold interest.
Otherwise just being driven down
What a load of Pooh
Reporting Southern Gold to ASIC - ASX They should also have their listing suspended - Market abuse under FCA regs is equitable ',,,,
hey barry, are you company shop,
bmv should get their quote suspended asap,
what a load of *******s
See RNS 29 September 2022: "Southern Gold Ltd maintains a 150,000,000 shareholding in Bluebird which are subject to a 12-month lock in clause which ceases on 23 April 2023." Thats why they had to rebuy back the 10m shares they sold and since then have been off-loading. I see this as an opportunity to add to position. I wrote to Colin about the issue which he is obviously was very aware of. He just said that management have skin in the game and working on rectifying the situation. Which I hope means buying the shares off Southern Gold in form of taking on a loan or someone else buying them off SG. But whilst we're waiting for the Temporary Mountain Permit not much will happen.
TW was 'tipping' this on 16 June ('Strong Buy' lol) at 1.125p. Interesting projects, none of which are without significant risk imo, but nontheless potentially very attractive medium/long term. I am looking to invest but the seller(s) is putting me off atm. Falling knife etc.....
...make that £6M market cap and falling as we speak. Blocks of 400K and 600K being unloaded in a hurry. Could this be Southern Gold selling-off again? One man's distressed sell can be another man's opportunity
Yes, looks interesting, £7m market cap with 3 mine potential.
Thinking a buyer on the sides for southern gold interest, though potential buyer is just waiting as we all know southern gold are short of cash and a desperate seller.
Good Luck
Oops, apologies, “re watched” should say “re listened to” & “yesterday’s interview” should say “interview of June 20th”. Apols for the sloppiness. GLA.
Just a follow up after re watching yesterday’s StockBox interview. At 9:45 on the timeline, Aidan said “Fast tracking into production, from where we are today… If, by September 2024, we’ve got the 2 key permissions… Once we’ve secured those 2 key permits, we could be in production within 18 months”.
September 2024 + 18 months = March 2026, so 2 yrs & 9 months from date of interview & this post in June 2023.
For those who aren’t already familiar with it, Googling “Lassonde Curve” & establishing where you believe BMV’s current SP is in that model / on that chart, may prove useful. GLA.
Just had a listen. Will be interesting to see which achieves production first, Philippines or South Korea. Very best of luck to all invested here.
Welcome back Jersey! I wasn’t sure if you’d moved on from BMV.
It’ll be nice to see something from Aidan again. I don’t think he’s done an interview for over 2 years.
I see StockBox have just tweeted about a forthcoming interview with Aiden. Should be interesting.
BMV seems to me to be really dead in the water, gold holding close to $2000, but nothing to see here at all!
Agreed. I see this as definite progress for the JV in Phillipines and I'm surprised there's been so little reaction.
Maybe BMV should JV with someone similarly competent in S. Korea! :-)
Nice to see some positive news coming out of this one. I think BMV have definitely done the right thing by bringing in a JV partner. Let the experienced partner do the work and ensure things go through swiftly and are signed-off, then give them 60% in return. Once it’s up and running it will generate a small profit for the company.