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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Hopefully we can start seeing some blue days.Price is incredibly low now.
No more cash needed and news on the way, it’s been very painful for all long termers I should know I’m down but I’ve averaged down and bought more at these silly levels. Won’t be long before I’m in profit.
Clear as mud
To my question posed to him on LinkedIn.....
The reason funds weren’t raised earlier is that the previous raises were partially for scoping study and we felt that we should delist from asx and release full numbers to the market before undertaking a raise. Having done that with all the numbers into the market the company then went ahead with a raise....
Does this make sense to everyone ?
Well we are at 10% of the september price. Hero or Zero?
LR a MUPPET ?
No more placings fully funded, drilling deeper into the high grade areas.
@Tradeuk....He has been found wanting unfortunately. The old Peter principle if I remember correctly....Promoted above his competency level. Oiltap or Dirty Willy I guess would do a better job !!! :-)
Sounds much more positive, it's a better resource than earlier. I'm happy to buy at these prices.
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10 mins in
Might create more interest.
Yep...one of many :-)
@Oiltap...I have started gunning for him now on Linked in.... see my comments. But honestly ....in all my life I have never ever seen such an incompetence...I am ashamed of myself for putting me and my family and friends into this share. I do believe though that value is still there.....without him !!!
The share price was 0.0195 priior to placing so it was only a 24% discount.
Your figure of 50% plus is how much of the placing shares make up the whole company shares
...immediate effect. You are totally incompetent for CEO position of OUR company. The longer you stay the more harm you cause....both internally and externally to SH. So please do the right thing.....
It’s pretty hard to be optimistic when these fools have decimated value in the company.
I’ll keep saying this, LR the incompetent clown, must go now.
How much more lower can we go, it’s just one way traffic at the moment and that’s down, everyday further and further, stick these in the most lowest draw I can find and forget about it now, write this one off, at least for the foreseeable
Guys we need to look at the bright side of this crap raising - at least we have the cash! 23% discount isn’t as bad as soooo many 50%+ ones recently.... not making excuses because money should been raised ages ago.
Will rocket in next 6 months - zinc looking very strong!
Is artificially low because of mismanagement - the asset is the same and we now have £1m to use.... money was the big problem.
Now we can infill drill and take to larger companies who want the zinc lead and silver. Simple.
just annoyed we raised at this stupid price - i decided to average down after being forking furious.
Its a bargain for newbies!!!!!!
100% - couldn’t have put it bette myself!
DW, "Cynical" is a great word for this debacle.
I have remained quiet about this over the last few days as I was fuming when I read the RNS whilst at work. After having the weekend to mull it over and try to think of a way forward, whilst not being happy about the situation LR and Co have put us in, we must try and look at the positives, albeit a little hard to see.
I did own 1% of EUZ, now circa 0.50%, but would you rather have 1% of $20M at discounted price or 1/2% of $200M going forward with indicated metals resource. With no funds we almost certainly would have got no return at all, and the asset is still there for someone else to clean up.
As painful as this certainly is, at least there is now a light at the end of the tunnel. Dirty tricks, YES, misleading, YES, Insider trading, ?,but one thing for sure is we now have cash to continue to move forward, hopefully quickly before another cash call is required.
As for LR, I also think his bad handling of matters could all be undone in the next few weeks / months.
The big question I ask myself is do I buy another 55m at these low prices, average down, and get back to 1%? Either way this is a "put it in the bottam draw and forget about it for a while".
What I see here are a couple of insiders lining up cheap shares ahead of payday, being MC and CB. They know exactly what's going on, how far the project has developed and what negotiations are taking place in the background. It wouldn't surprise me to see some deal struck for Toral within a couple of weeks, but certainly six months, max. They wouldn't have ponied up the cash if it wasn't a dead cert, not would companies in which they are intimately involved. This smacks of insider trading and the timing of the announcement, being Friday, tells its own story.
Yes, there's money to be made, but whatever the deal is, you can be sure it will benefit the directors first and the shareholders second.
LR whatever reason wasn't part of this fundraising. I can think of three reasons: Shut out of it, can't afford it, didn't want to be part of it. I can't see how he can stay on. He should stick to being middle management.
The only thing that got shot was LR's credibility!
Well I don’t know what to say about the sp! We knew they needed money but heck! Down 87%! Stick this in the bottom draw and forget about it!
He can’t win because of his incompetence..or being a stooge for the others. I’ve no sympathy for him. Whatever has happened, on his watch the share price has crashed ( including on the other company he’s involved in ) ..he has to go.
What annoy s me most is that on the face of it this asset should sell itself. I was cautious about buying in as I did a bit of research but didnt sell out most of my stock until it was too late. Im going to wait before getting back in but I really want a proper management update and detailed plan of action before that