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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Are people here actually blaming someone else for their misfortune? Take responsibility. How many tiny mining wonder-stocks actually make it? Hardly any. Investing isn't a get rich quick scheme and if you thought EUZ would offer you that opportunity, then you are a fool. Too many here clearly put in more money than they could afford to lose.
JW is savvy and clearly puts in the time to research stocks. Just because he sticks to his strategy of buying before the hype drives the price up, and selling when he doubles his money, doesn't mean he's insider dealing or ramping etc. He talks publicly about his investment decisions and he also advises you do your own research. If you all made a ton of money you wouldn't be complaining would you?
I lost money on EUZ too for what it's worth. Initially I profited when I bought at 0.08 and sold at 0.15, but took a risk and bought back in, thinking it would maintain momentum. It didn't. There is no harm in waiting. Wait until after the news you want to see comes out (if it even comes out at all). It's better to miss profits than it is to take losses. I've got a small stake now, just in case. But if it goes to zero, I don't care.
I agree that LR has done a poor job of managing shareholder's expectations. Over time however, if it's meant to be, the scales will tip back in our favor. Mining projects take time...a long time. We've all hopefully learned a lesson from this, and I hope EUZ management have too.
Also, don't forget the macro picture. Brexit, tariffs, trade wars... What stock isn't going down these days? If you're going to point fingers at anyone, it's our nitwit of a PM and the nitwits who voted to leave the EU. Hindsight perhaps, but whatever. Chill out.
I would love your shares at 0.0055p lol
You think any heads will roll after this debacle ?
From the heights of 0.16 three months ago to this purely on poor management nothing else. They need to get their act together and sort this mess out. Great asset very poorly managed recently.
Likewise will buy heavily once it’s stabilised.
Well JW is a chronic liar who is probably employed by TPI - no doubt he sold out long ago yet was telling people he was still investd!
Yep :-)
Lol...isn't .0055 pounds = .0055 pence ?
They was on proactive a few hours after the rns .... Did you miss it ?
this will come good again you can’t keep a good asset down the figures will come out soon enough
How Justin Waite “has been on holiday” since the massive sell off started and now he’s back after the news!
I don't think its an over reaction....this is after all an exploration company....they should have known and done a better job and imo a reflection of their management. Market reaction is geared towards them...not the asset.
Where are they now ito managing the reputational risk etc....why have they gone quiet and just let this situation escalate ? Why no official statements....even an apology will suffice...still...nothing from them
Honestly I am stunned and quite shocked at the moment for their inconsiderate silence and no messages to their shareholders !!!
Yep ...divide 40$m by 5,574,876,317 ;-)
A crazy over reaction - figures will probably leak and everyone will buy back with the infill drilling
Why ??....buy whilst their is blood on the streets !! :-)
Before buying heavy :-)
Has gone silent.....
EUZ now has 5,574,876,317 in shares issued worldwide on 3 stock exchanges.
Assume it is sold before taking it from inferred to indicated for $40m (one hell of a discounted price)
That would give each share holder 0.007 $ per share as a special dividend or .0055 pence
A far cry from where we are today and this will happen soon IMO.
Time to top up I say….DO your own maths…..but this is the only way the current team will save some face IMO.
Must say that yesterday was understandable but today's drop has surprised me. While global uncertainties can't be helping I think it's the license area howler that has hurt us much more than the lack of figures. My guess is the market is linking this to the sudden delay and the fact it wasn't sorted out in the time LR bought himself is troubling. For what it's worth I'm still a believer in this asset but there is an appaling record of Australian registered mining companies on AIM.
Get the placing done and lets get this mine proved up
Look at what MAFL did on an asset the fraction of ours....
Still can’t rationalise how this ranked for no real reason....
Nothing has changed, yes LR and co messed up with license area, yes they were naive with the whole ASX but what’s important is the industry has the SS.... they are the ones who will buy Toral.
Same place all your posts should go!
Actually Ive just emailed them to ask for a copy of it. Fingers crossed.
Agree Lawrence needs to up his game, the guys a clown. However, none of the issues that appear to have sparked the sell detract from the simple fact that they are sitting on a valuable asset into which they have invested considerable expertise and research to make it move to the next stage of development. Regardless of short term sentiment, thats not going to change. Can’t believe they wont give Pi’s access to the figures, anyone tried yet ?
Jt was a outright conman, imo the new management are worlds apart. LR was doing okay up until the scope stage and it is still a good asset worth a lot more then what the market cap is. Anyway all we can do is move forward. Gla