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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But will we get an opportunity to buy on an open offer or will they book build without fast shareholders????
Sorry not negative it is just rto has not taken place yet as far ad am aware
Yes, huge anticipation for the return. I am still amazed that more didn't pick up on the appointment of Harry Stratford at the time and that it went in to suspension at around cash levels, especially given the number of shells that trade at a significant premium to cash based on purported good management. Anyway, all the better for those of us that took a position pre suspension. We really have a quality leadership team here which puts the majority of the rest of AIM to shame quite frankly.
Why wouldn't it go ahead Mike ? You sounded quite negative there.
So, how close will fast be to revenue/profit generation or breakthrough on licencing. Should be enough cash to move forward. Anyone aware of investors, names, instis? Going to be a lot of intrest here. Quality written all over this venture imo. £10mill to £100 mill mcap realistic imo
Book building process is currently underway so I think we will get the admission document once they finalise the strike price. I'm hopeful we will hear something this month. Like I say, looks like this has been incredibly well organised behind the scences in the lead up to suspension. The ducks were being lined up long before even the vote change to biopharma.
Not before the rto has taken place if indeed it goes ahead at all May-june would be my guess
Im OK....wondering when we will see the admission document.
Hope everyone is ok!
Love the idea of us having a ten bagger within 12 months, but pretty certain that FAST won't get up to £10 a share in my lifetime! Sadly, I rather imagine that we'll be paying significantly more than 500K for Amryt, but I rather anticipate that it will be worth the purchase price. Very excited now to see the placement pricing on this - 5p/share would be OK imo, 10p would be the idea from my perspective, and hopefully all the smaller PIs wanting to buy in when we are readmitted to trading will push it up by a few hundred % on day one and then my second largest holding will have become my most valuable! Ahhh the joys of daydreaming...
Very excited by FAST. Have a large holding already, but would be happy to add further upon readmittance
another example is DDDD. Floated back in early 2014 at around a pound. 12 months later hit over £10. They're acquisition at floatation cost them just £500k. No revenue. They have respected management.... similar to what FAST will have. Market cap now over £500m ======================== An editied, relevelent section from the Michaelwalters post hTTp://www.michaelwalters.com/stories/news.phtml?num=5031 (Only Subscribers can read full article) 'There is a road show about to start, trudging around institutions for a couple of weeks with the aim of raising ...... They will be seeking to place new shares at a premium ... Along the way, many of the most popular small company brokers look as if they will be brought in on the act, and though there is unlikely to be a formal offer to private investors, most who want to will probably be able to get in on thee placing. '
Thanks I am assuming vote will come ahead of prospectus?
The Company will initially focus on opportunities located in Europe but will also consider businesses in other geographical regions. The Directors believe that they have a broad collective range of sources of potential opportunities but also intend to appoint one or more additional directors with the relevant industry experience, subject to the Investing Policy being approved by Shareholders. The Directors will identify and assess potential investment targets and, where they believe further investigation is required, intend to appoint appropriately qualified external professionals to assist. The initial objective of the Directors is to create incremental capital appreciation and any revenue generated by the Company will be applied to further the Investing Policy or will be used in the day to day management of the Company. Dividends may be declared at some future date depending on the financial position of the Company and the availability of distributable accounting profits. The Directors intend that the Company takes an equity interest in a proposed investment which is likely to be a majority position to 100 per cent. ownership. The Company's financial resources are likely to be invested in potentially one or more investments in a single transaction which will be deemed to be a reverse takeover pursuant to Rule 14 of the AIM Rules and ESM Rules, in which case the approval of the Shareholders will be required. Proposed investments may be made in quoted or unquoted securities in companies or partnerships at any stage of development.
Will we be required to vote on the details of the ransaction ahead of the prospectus being published? TIA
Yes rule of thumb for RTO is 6 months however with fast I think we could well be back in action as soon at April. Roadshow and bookbuilding process is already underway, once this finishes I assme we will get all the details of the transaction to vote on.
EB - interesting psychology re SP pricing. You could of course, argue the reverse re pricing strategy. I appreciate your research but don't think an RTO such as this (into a Shell company) will take anything close to 6 months. I expect it will be a lot shorter and that would make it all the more enjoyable.
Old radar son you have made a complete fool of yourself And now you claim to be a holder you couldn't make it up have been chuckling all week
Agree but the quality of management team put together here simply does not belong on AIM, its destined for things much greater. Biopharma companies have huge premiums attached to them esp on nasdaq and this is clearly where we will be headed. Get those shares in the ISA and enjoy the story unfolding.
Will add, the good thing here is I dont think we will have long to find out all the details. Most companies in RTO spend 6months in suspension. The forward planning, organisation of CF here has exceeded my wildest expectations to be honest. He has shoved two fingers up to doubters (not naming anyone in particular) and done it with actions not words. As I have always said, this deal has been in the making for years and not months. We have the founder of Shire as chairman, CEO and CFO have both directed nasdaq listed companies... we have a certified Orphan drug which is EU approved for marketing and will have a heft chunk of cash to get this in to shelves an also develop other drugs. Doesnt take a rocket scientist to work out this is/will be one of the biggest success stories on AIM this year.
Radar im still in fits of laughter about how badly you timed your deramping close of play friday of last weekend, followed by huge news in the sunday papers and suspension first thing monday. Good work Son. Think a good few were having a chuckle about that. Nothing wrong with having lofty ambitions, for me id actually half prefer it priced to rocket on its return say 4p with huge initial upside rather than coming straight back at 10p. Reason being it would provide a better platform for a big steady rise rather than existing holders all scrambling to sell out on relist for immediate 3 bag returns. At 4p I cant see many if any existing holders selling and huge demand would press it up on the open market could do 100% and everyone is a winner. Again all depends on how much equity is given to Amryt and at what price to find out our new MC, listing price and cash. Very excited.
There are thousands of reasons why this will not happen. Also you have a duty to post here is a responsible manner.
is possible ... look at OptiBiotix...... floated at c.8p in Aug 2014.... reached close to £1 by Oct 2015. FAST have multiple proven directors that have turned pharma minnows into multi billion $ outfits. No real reason why they cant do the same here..... and you can bet institutions will want in to be part of the ride.
I didn't take you as professing to be an expert, but implying the value of the shares based on the fundraising and current equity, whilst failing to make any allowance for the equity issued to acquire Amryt, is not very smart imho in that it might give novice investors the notion that suddenly the company will be worth north of 6p a share based on your back of an envelope calculations. It may well end up north of 6p a share, I'm hoping for about 20p within a few years myself, but I doubt it will be because of the value of cash raised and our cash in the bank!
jmr, I'm not professing to be an expert, was just hoping my post would get some discussion going about where the SP could go. Which it has. Thanks for the response.