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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Idex signed for a waste to energy plant in French Guiana. I wonder if Eqt are involved??
Southport is still a live project Simms.....
Its very hard to fathom all the shenanigans going on withb Deeside, Southport or Billingham. Obviously all canned but we do still have some equity in these projects and sunk costs. Last valuation was £15m in 2022 so we dont know exactly what the price is. Shame Eqtec are not part of this as that was the whole point but i understand that up to 2022 we had expected to invoice £2m for services so this is almost the belated payment. The twists snd turns on all these deals all seem to make Eqtec worse off however. Not entirely sure DP is the deal maker he made out to be as he has a catalogue of investing our cash and then finding it very hard to get it back. Trusting fellow. However todays market cap laughably low but DP must make sure he stops further dilution and investors selling into news. I doubt he will ever accept responsibility but in time i do hope to see a strong recovery.
Likely a prudent decision foxy, given the current financial situation. Better to take the £2M now rather than wait forever for £4M from an expensive and protracted court case.
That's pretty pathetic then Simms45 if logik are getting £15m while eqt only get £2m or half what they put in , any wonder they've burnt £50m of shareholders money with investment strategies like that.
Think we're all in agreement they need to ditch Verde and the further dilution and shareprice destruction that Palumbo has managed so far.
A bit of friendly advice C909, when you're in a hole, stop digging!
Simms, I agree, there is no need for Eqtec to continue with the Verde deal, if Palumbo still goes ahead after receiving the 2 Million it confhttps://www.lse.co.uk/ShareChat.html?ShareTicker=EQT&share=eqtecirms what most of us already know,
Good to see exchange has happened but i suspect market will react when we have £2m in account. Logik already played games with us once so you never know. Buyer is supposed to be top tier investor so hopefully Logik got a non refundable deposit to help ensure Completion and solicitors will not release funds to Logik until Eqtec gets their cut. As i understand Logik will get around £15m so sadly while Eqtec did most of the work we are only getting a proportion of our original investment. I would hope we can kick Verde deal out as we have too many “strategic investors” offloading into news. At some point these bucketshop investors will be cleared and we can start the long climb back. Will certainly help financial results. Just need to churn through the sellers until we get back to those investing for the bigger picture.
Considering halfing my average. I have a lot of things craving funding personally at the moment though.
Are you piling in at this price then Try? No brainer innit.
Big reset underway. Not the perfect way to generate cash, but it will be utilised to its best in a company now well sorted to grow.
What about the increase in asset value, reputation & experience.
Never seen before technology working.
People will buy a system they can see working over one they can only imagine working.
You have to see the bigger picture
Looks the the end of the 1.80 downtrend bottom..imo
lets see
£2m in the bank will do very nicely.
OK, so the original EQTEC/Phoenix MOU for North Fork was signed September 2018,
If Italy was anything to go by "Commissioning" will take at least 18 months from when the start is muted, which will see us to December 2025
Also if italy is anything to go by it won't be profitable in the first year of "operation" (as MetalNRG have told us), so that will see us to December 2026
So hopefully the first $ of profit from North Fork operations will be seen by EQT December 2027 if we are lucky.
Now for the community in North Fork this may be attractive because its generating jobs and providing a means to protect against wildfires, but for EQT shareholders that isn't the most attractive of returns on already $4M written off.
That is pretty close to a decade from first signature before a cent from operations is recovered, and that we understand is why the "great pivot" was undertaken.
To quote Computer909's own phraseology:
That dumbo C909 liar through his teeth is coming out with yet more bull sh.t. Nobody can take this smirking idiot liar and the steaming pile of dung he writes seriously. If Donut C909 was a dog, he'd have been put down years ago.
Your words, not mine.
Just give the constant rudeness a rest C909. And try and get your facts straight before posting.
Perhaps it just seems like a decade !!
"North fork has been being commissioned for the last decade"
Really C909!?
The project only reached financial close in 2020 with construction commencing soon after, so not sure where you get the decade from? EQTEC signed the equipment supply contract twelve months before that....
A genuine oversight on your part I'm sure, as I know what a stickler for the truth you are.......
You're welcome!
North fork has been being commissioned for the last decade
New year….
April…,
May…
Next month or so…..
North fork operates on the vander linden planning scale of bull s hit!
2nd worst aim leadership after ukog?
NF being commissioned within next month or so according to Pheonix.
We will find out tomorrow if Deeside is sold and we get £1.7m or we will get £2m thereafter. Logik seemed confident the land sale would complete. i suspect not but Eqtec will need to update about this in the final results.
"completing on or before 30 April 2024, Logik will pay the Company a settlement sum of £1.7 million within the next business day following the date of completion.
If the sale of the Land completes between 1 May 2024 and 30 November 2024 Logik will pay the Company a settlement sum of £2 million within the next business day following the date of completion. If a sale of the Land does not complete by 1 December 2024, Logik will be liable to pay to the Company £2,000,000 not conditional upon any sale of the Land.
The Company has received confirmation from Logik that the Land is currently in the process of being sold and that the proposed purchaser is funded by a global investment company. Further, the Company has been informed that all elements of the transaction have now been agreed and the funder is seeking final sign-off and confirmation at its internal committee meeting in the coming days. Logik expects that the sale of the Land can complete shortly thereafter and possibly before 30 April 2024. The Company will make a further announcement as and when the intended completion date is confirmed by Logik.
W