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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Wow thanks for all your responses guys. Didn't expect it. Appreciate your thoughts.
I too have posted, please no more good news, my portfolio can't take it lol.
All the best and have a great weekend.
fulmar - and indeed - he who I won't name I suspect has lost money on both sides of the trade. The old adage wealth being transferred from the impatient to the patient. All IMHO. The big boys will start buying here when the full financing terms are known, no doubt about it. And this idea that selling now you can pick the date of the RNS is nonsense - you don't know that the equity isn't being announced it could equally be likely next Monday as a Monday in November.
Bonkers mm's early Christmas present buy a derisked in demand product at less than before finance agreed! Oh well I'm not going to look a gift horse in the mouth and will have another nibble. Gla regards jack
Makes no sense to me but a nice opportunity to top up which I just did - TBH never thought I'd see low 8s again.
I can - It's called trading on news flow. It happens everywhere and is the new trading especially by the younger generation who have no patience and expect a quick profit. The sooner you all realise the better. Fundamentals are as other posters said perhaps 3 months away as further negs are on-going. Meanwhile more opportunities present themselves as the market is in a downturn
Sorry to be humorous when the drop in sp after such news is distressing for some,it makes me smile.If you ever wanted to see a more blatant example of a share being manipulated,this is it.When I first started investing in AIM I decided that there were only two ways to operate 1. Trade and try and beat the system 2.Buy conviction plays and the longer wait would negate manipulation which is more easily achievable on AIM. Seen it a few times now and the bigger boys are drooling at the chance to get in here !!!!!
Or, if you are a conspiracy theorist, VWAP starts now CA has landed and our seller needs a lower price for it :)
I can. Many 'invest' for the opportunity to trade out on news. I know one such person must have sold a pretty reasonable chunk and put it elsewhere yesterday. I shall not name him - no point anyway and many will do the same.
So - you have to accept that and if you are investing for the long term ignore it. I am trying to do the same with ACP where our relentless seller is selling down one of the best prospects for (now permitted) graphite mine perhaps in Africa. The price there is less than the pre-permit high. And permitting was the key milestone there, just as credit approval was probably the key hurdle here, to getting full financing agreed.
So trading and traders notwithstanding, today is a far better investment opportunity than 2 days ago (when ironically the price was higher, with more risk). I think once you get your head around that, you realise that these are the opportunities seasoned investors wait for - less risk - plenty of reward. Horizonte is no arguably a much better investment 8.5p -> wherever it is going on production than 3p -> 8.5p because the path from was very uncertain we didn't know when and if it would happen. We will soon here have a very specific mine build with dates on it and you can start factoring your multiples of SP with a pretty good degree of certainty.
I am seeing both Horizonte and Armadale as excellent opportunity at present - low risk, high return. And a couple of others. AIM generally at the moment seems quite weak on sentiment - I like such opportunities for entry. Now where did we get to with that business sale again....
Oh and BTW as I posted on twitter, I think a lot of people don't really understand the credit terms or just aren't interested in them and that smacks of trading it for the news. The credit terms are excellent. As a seasoned veteran pointed out there are Moody's rated miners not getting such terms. That the banks are prepared to lend at these rates - immediately improving cash flow at production - is testament to the project economics and the BOD for securing that deal.
We are worth less now we have the finance agreed. Unbelievable.