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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Disc0verer
So what did you make of the T&T Budget? A small positive on SPT (a lot) more than negated by the significant negative on loss relief and the negative cash flow consequences of the new straight line capital allowance regime?
Disc0verer
1. Quite a few
2. The going rate
3. Not that much one year down the line.
Welcome to Trinidad & Tobago!
Ross, how many Wells has touchstone drilled over the last year at what price and what production increment has been seen?
fuzzpellet
I have never said that CERP would be unable to obtain funding, but the more pressing the need for it at the time, the more shareholder unfriendly the outcome.
Actually right at this moment I am not getting paid - need to some work rather than chatting on here so I will check in later - have fun!
I am paid - if the SP goes up I make money - you ? - As I put in my post it is possible there maybe need for some funding , I don't think its a crisis of any magnitude and I don't think it is material in the grand plan - the only way it would be material in my view would be if we were unable to obtain funding if needed and again that just seems ridiculous
fuzzpellet
I wish! You are paid. Your are trying to get in lower. You are LexLugar208. Folk will say anything rather than address the points that you are making head on because they can see the validity of your arguments.
I wouldn't call it a crisis we don't have the up to date figures but I do see a need a need for cash if there hasn't been an improvement on the cash burn $750k in the 12 months from H1 2018 to H1 2019 leaving $1m in the bank at H1 2019 also with drilling activities to pay for. But I don't think it is a crisis because I don't believe we have some fools in charge that don't look at cash flow projections and just rock up one day and go doh nothing in the bank quick crisis ! But that's my opinion
*top team in place.........!
oops.....!
All the best.
Have you read the presentation Ross - Under Saffron development LK addresses your funding questions I don't think he is hiding anything here but you decide -Extract " • pace of development is in Company’s control • expected net funding requirement for fasttrack full development – circa $2.9m • sources of funding could include equity, debt, forward sales, farmout, working capital facilities (or a mixture)"
So Wonderwell may finally spud next week.
Mid-2019 became early in H2 which became early September which became late September which became late October. What a ridiculous meal Leo Koot has made out of what is arguably not much more than a Bonasse appraisal well (that twitter pic certainly puts it into perspective), a well which in the event of success (the less likely outcome according to EPI) will likely be transformational only in the minds of the fanboys. And what Leo Koot is not telling the fanboys (or anyone) is how much cash is still in the bank. That reality is something that he is going to have to face up to very soon now, one way or the other.
Give me TXP any day. That is not meant to be a massive vote of confidence in TXP so much as an indication of what a dodgy proposition CERP looks like to me. Since Leo Koot started skipping the quarterly updates, it has been clear that something isn’t right.