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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Is it just me or does anyone else find these like platting fog?
Interesting development.
Looks like Blackrock have deliberately targeted the 5% level which creates a disclosure obligation for them, hence this RNS. They could easily have stopped at 4.99% and stayed under the radar. That they didn’t suggests they are looking to make the wind blow, as someone once put it (in a film)…
Large amount of the upward momentum in IBST pins on interest rates reducing, current high rates coupled with high house prices makes it very difficult for first time buyers to get on the ladder. Although it seems everywhere I look they're still building new developments.
Not looking like there's much appetite for building material stock at the moment, until we see the green shoots with the economy. Can't see that happening this year
Earnings in line with guidance. It's a good enough FY.
But activity continued to be subdued and no pick up in Q4 in activity. House prices have started doing well again but it's all just because of massive migration numbers/lack of supply. They need to signal an activity pick up to really drive upwards. Conversely, there is a chance to head back downwards if things get worse in 2024/inflation stalls or elevates again.
Sure, but ex div is not until 9th May. That is practically a lifetime away, in stock market terms.
Short term, you want to see how it reacts to a test of the 200 DMA. If you do not get a little bounce which holds there, then it could move quite quickly to the mid 130's IMO. Will take a view for a possible technical trade if we get there.
What the institutions do is all that matters here though really. And this is of no relevance to LTH strategy either. GLA.
Expecting a drop when we go ex dividend. I think people will be putting their money elsewhere for more return and less of a risk, until things pick up.
It held up better than I expected it to, although equally, this one often needs a few days to tell you what the market thinks.
Somewhat disappointing not to see some inside buying today; perhaps tomorrow.
Even then, I would be unlikely to change my target return price, but if the BOD are not buying at these prices, why should anyone else, is what I tend to think in these circumstances.
To be clear, I remain a fan of this outfit. I do not see anything that is cause for extreme concern in this update, but equally, I do see further pain ahead, hence my position at the time of print.
GLA. Firmly on my watch list, but no more, for now.
Very disappointed with trading update. Can't see us at this price for long. Looking to add on the drop back down. Ok for a long holding when things turn around, hopefully in the next year or so.
"Resilient trading in challenging times is exec speak for we’re doing c.rap."
Pretty much exactly what XPP execs were saying for months prior to their precipitous collapse in September-October. It wouldn't surprise me if IBST was in the same boat.
With the trading update, I can see this pulling back to the 1.30s in next few weeks. Not looking good.
This is a profit warning as I read it so I expect SP to fall back today. Resilient trading in challenging times is exec speak for we’re doing c.rap.
My opinion of the company remains unchanged, but I would want to see the SP back to the 130's to be laddering back in right now, personally.
They were within guidance, but I can see the subdued activity continuing throughout 2024, not just the early part. If this comes to pass, then that would IMO be a better price point.
Anyway, this one does not always react as you would expect it to. Not long to see what the market makes of it. GLA.
So….. Holders will receive a final dividend, albeit one reduced by 20% in line with the company calls “adjusted earnings”. Looks like a reasonable outcome to me, with the worst fears of some commentators not being realised.
Thanks mate. From a selfish perspective, I am hoping for a chance to return quickly :)
Big fan of this company, but not of this economic climate! GLA.
LWHL There's nothing wrong in taking a profit no matter how little. May see a knock back on results day. If so I will be adding more to the pot. Good luck with your investments mate.
The 160's were too tempting, so I took profit. Totally out now. Going to wait for the next update and take a view then.
Of course, I might not get the chance to get back in. If so, GLA.
Keeping my powder dry to top up on the next pull back, so mind the gap.
Wouldn't be surprised to see more downward pressure on the share price next week looking at the charts, unless we have some positive news on internet rates. I think a few are jumping in for the dividend.
I had the same feeling yesterday, I was up 25% and jumped ship and banked some profits, if it drops back i may buy back in, but if it doesn't good luck to holders
I think people might be jumping the gun a bit, thinking recession is done and dusted. I will be topping up if we drop back down to the 140s .
Watch out for the pull back before the next leg up.
Closes around about a one year high. Very good progress since November's lows, up 40%.
I feel a lot of people are piling in for the dividend.
You're right there. It's a funny old game. It seems we're stuck in a trading range at the moment. All looks good on charts for a push north, let's hope.