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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Think you meant 6.1p (still not too shabby lol)
That would put Coro at about 61p a share, had to check it wasn’t April 1st
Capton interested in joining in the Vietnamese Solar Panel business too - every little helps.
GSA value US$81M to Coro (not too shabby lol but thought i listened to an interview from Conrad where they mentioned US$300M project costs and they would look to fund that by decreasing their stake from 76.5% to 50% in Duyung ~ that would value Coro's 15% stake at US$170M !! - Anyway just get the GSA over the line and they will be in the moolah).IMHO
Whenever I think about buying in it's almost always NT ~ can't even buy £2k worth at the mo).
DYOR and ATB
DYOR
Sold an almost worthless Italian asset for 7.5m euro
have just banked 1m when other companies are doing fire sales to raise similar cash at massive discounts
have an 15% share in an asset that if it comes off will net about 40m after paying off the bond based on the last interview by the FD
have a renewable business that is making progress
I personally don't think that's too bad at all its more the market hasn't recognised it YET
against a market cap of about 6.5m
"""Just looking in here again to see what a great job James Parsons is doing...everything he touches turns to dust while he profits handsomely along the way!!"""
A serial loser of peoples money old James. Nice wages over the years. Another garbage oil dud here like sou.
Useful cash.
But what about the gas? Any interest??
This is positive news, useful cash and we made money on the deal. Didn't seem to be going anywhere. Duyong is the key here I feel. A bit disappointed there has been no news on this yet tbh.
Just looking in here again to see what a great job James Parsons is doing...everything he touches turns to dust while he profits handsomely along the way!!
I used to be against this but gas prices have tumbled in Europe. Just need that Mako deal to be sorted and then I expect most of us will be off. I do not feel inclined to wait for 12 months of wind data and then all that needs to happen after before generating a boring sales income from wind power. Mako could make a small fortune for us hopefully.
Another step forward I suppose
I remember the same sentiment about five or more years ago ;)
It was a short lived spike. But still invested here for the long term. 1yr maybe 18months just to see what happens. Gla.
It should be good news, but so far away and renewables are a dull investment. I think most of us want some kind of great deal on Mako and we will be off.
... but apart from a short spike we are flat-lining once again.
That is a great RNS put our today. Gives investors a little bit more confidence in this company.
Gus Falah Supports SKK Migas Complete GSA Mako Field
"Completion of the gas sale and purchase contract must be completed in the near future, in order to speed up the divestment process in the Duyung Block. Thus, the target of SKK Migas is so that the Duyung Block can deliver its first gas in 2025 can be achieved," said Gus Falah.
"And I am optimistic that SKK Migas will be able to complete this GSA quickly, with results that will benefit the country through increasing foreign exchange," he added.
https://independensi-com.translate.goog/2023/08/01/gus-falah-dukung-skk-migas-tuntaskan-gsa-lapangan-mako/?_x_tr_sl=id&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
Getting close to news i suspect ?
And ??
The quarter was missed
Another Small cap rising on tiny volumes.
glad I bought under 0.2
Disposal of the Italian asset will generate decent cash inflows....
Https://youtu.be/ZEE-7j2uNNg
Conrad Asia CEO statement 31st of May
Gas sales agreement or GSA negotiations have been a particular focus of Conrad’s Board and management. Advanced tripartite
discussions between the Company, a Singapore gas buyer, and the Indonesia regulator, SKK Migas are nearing conclusion, with
key terms expected to be finalised this quarter. Our objective is to then complete a definitive GSA following that agreement.
As I mentioned earlier, Conrad engaged a global investment bank to lead a farm-down process for the divestment of a portion
of Conrad’s interest in the Duyung Production Sharing Contract. The process is ongoing and has drawn the interest of several
upstream parties. This positive sentiment underscores the merit of our strategy.
Coro has 15% valued at $81million approx.
Potential disconnect between the mcap and the (potential) value of the company assets. Could see a re rate here over the coming months if the BoD is able to continue to deliver on its plans. Great risk v reward buy at this level imo
Interview came across very well if it all comes off then surely a re rate will be on the cards.