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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Bought 11.1 million @0.0134
Bound to show as a sell.
To bring my average down.
so far today.....and the SP hasn't moved.......Guess its close to 2% of issued capital....
Lets forget about LR for a moment and focus on the next step.....drilling the core and moving from inferred to indicated...Which is in effect MC's baby....The funds were raised 5th April and no news reference procuring rigs on site etc.. Wonder if this activity has actually started...??...The BOD was always keen on moving fast and staying ahead of the plan but in this case it seems they have taken the foot off the pedal...
Surely we are at the bottom now ...come on, release some news to generate some interest.
LR resignation would be a great boost !
Check the auction calls on RNS on Friday 29th. This is probably the placement.
Surely consolidation is coming down the track rapidly???
...if you add up all the deals on LSE since RNS ...over the last few days...nowhere near 6,400.000.000
So how are these placed already ?
No one will flip these because the sp is less than they paid. So all taken up awaiting better news.
....to place 6,400,000,000 ...shares... Any one prepared to hazard a guess ?
Maybe never at the rate people are rushing to buy.....
TA Oiltap - Sometimes I wish we could add emojis on our messages to convey the intended slant.
I agree of course. I'm very hopeful that LR is never employed again - anywhere.
In the meantime and like others I suspect, I'm a little too far gone to sell out now (-83% and no trading cash available), so will wait it our in the hope that the asset value is eventually realised. Good luck.
MC must've seen something positive to take part - or LR suckered him as well!
I wonder if CB and MC voted that LR could not participate .....and his time is basically up....Maybe he is on notice ?
Obviously we don’t know his financials but it does stink that a bloke that has his incompetence in a number of companies, (so won’t be poor, unlike his shareholders) can’t find a bit of cash to buy into the EUZ dream.
The worrying thing about EUZ (for me) is that LR didn't take part in the recent placing. His answer when asked why, that he doesn't have the cash, is a load of bu11. If he knew this was a great opportunity to buy he would find the cash.
If he couldn't buy due to insider info that would be a different story, which tells me LR is not in possession of any insider info at the moment, so isn't actively in talks with any potential JV partner. Great!
Think we're all so much down it doesn't even matter now.
cant disagree with any of your analysis, my hope is that in drilling through the high grade core that they also drill a lot deeper, the copper show could be so important moving forward if this is proven in any significant amounts boom, where there is copper there is normally gold, research shows that some of the best zinc mines sit atop of a great wealth of other minerals. But before you reply i know this shower also, they have the unmitigated ability to miss the bloody obvious so 8 holes at 400M it is then, when something closer to 1000m would be preferred by myself.
So we are looking at staying under about 330M shares, so I suppose that’s only 20 investors each investing 50k with a guaranteed 100% return in less than six months doable me thinks but watch out for an almighty dump on news,average down to as close to 0.03 as poss and prey could be the way to go from here.
Over 50% of the company shifted for under £1M and not a single TR1, lead to believe many suitors have viewed the SS and yet no interest, says it all absolute disgrace the way this is being handled. Still can’t get my head round why we need to drill the core unless a high grade core doesn’t exist and another needle is to be thrust into the haystack. The core sheds in Spain that they spent so many months in collating from, should be full of sample worthy drill cores for this purpose.
I think we need to hire in some rampers for this board instead of us miserable gits constantly moaning :-)
This has to be the lowest the share price has ever been.
I had to laugh at the comments in that last vox interview where he basically put the destruction of the share price to just the way the market was treating the sector.
Why hasn’t he left yet...I’m sure there’s other companies desperate for his skills in destroying the share price of a company.
My buy of 26 mil showing as sell
EUZ currently has 11,976,876,317 shares. With NPV officially now at $110m...
I make that the current SP should be .006 GP…IMO …any thoughts on why it is not sitting at this price now ?
I think these are bed and ISAs, too close to year end.
Hi Guys,
Did anyone review the deals for today ...interestingly all sells and reversals today for 4th April....wonder why this didn't happen Friday and only today....does all this appear normal ? Can anyone help me to understand this ?
It was LR himself that often said the market price is a true reflection of the company and its management and their achievements. He didn't believe in the concept that companies were 'undervalued' when it was put to him over several interviews. So to follow on logically from that he must now concede that the management have done an awful job to get the price to an all time low!
Cant believe i am writing this as heavily invested, but can anyone shed a light on why we need to drill the core for metallurgical data, when we have drill core samples by the shed load to send off for study purposes, this resource was drilled like a pin cushion which enabled the SS which was believed to contain equivalent data needed for a PFS. SOMETHING DOES'NT RING TRUE, surprised not.