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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Rapid advancement towards production.
Having read the RNS the above words continue to stick in my mind.
Good that application made.
Bad that no finance in place,and what about the sample?
When you put your money in holes in the ground this is what you get.
No ramping needed.. figures are there in black and white.
The RNS makes for great reading, don't listen to anyone that says otherwise. There are some fantastic numbers in there. $1.4b revenue over LOM. Market cap currently sitting at £5m. Market will want to wait for finance confirmation before the boom.
ivenoidea, I would not wait that long as the sp start picking pace now. the way is clear. full information mean full price.
Hi ARahim,
The study reads to me like the project needs quite a bit more work before a decision will be made on moving into development. But I am a mere mug punter so what do I know?! A good start though and the economics look compelling, although the recent test-work in China (has this taken place yet?) is not included in the calculations.
I am awaiting the mine development funding announcement before I get carried away here.. a relief that the application has finally been lodged but still a long way to go.. Could we expect funding for "pre-development" works via another RNS shortly? I would expect any positive funding announcement to have a serious material effect on the share price.
In fairness Daz, probably lodged on friday.... BA might be enjoying a small shandy to celebrate.
I'm going to dig into the details tonight, but from the info in the RNS it's looking good. >6 months behind the story we have had all year, but surely many will be happy with more realism in the schedule?
Now we need to see the work on financing.
our Chinese shareholder who has a 80-100% off take agreement
from where money will come for development?
with yearly net profit = 117/1.7 is at least USD$68 millions, finance will be here soon. 1.4 billion revenue for 8 years, is very good news for Mali gov and share holders alike. plant costs = 117 millions is very affordable. the future is with kod as the lithium demand pick further.
Mining licence lodged and it is very positive.
ARahim, any sensible person would have ran long ago, but I see it as my duty to encourage BA .Even the charge of the Light Brigade had someone to support the plan, in this case it may as be me.Fool that I am.
NEB.Outside that all going well.
Is this wet dream of a share actually still trading ??
James, No fear no b**l sh**, stand up and be counted. even if you are half dead this is no time to run away. This is business risk and we are taking some of it. the reward will be great if we get it right. it is only few days and every thing will be clear. Soon we will know those on the right and those on the left. You have to be in it to win it. when it starts moving you will not have the time to watch it. it will be a spike, I hope on the positive side. You are not going to chicken on us are you?
have good week end.
The innocence of the AIM Investor,of which I am one has to be seen to be believed.
BA needs no help from others to break deadlines.He just couldn`t care less if we like it or not we have proven to be impotent against his whims.
I am afraid as always it is suck it up and await the crumbs.Of greater concern is whether or not we have any money left and the position engineered or otherwise it leaves us in.
Time for the Kleenex mansize I fear.
Licence award followed quickly by a cash call, must be running on fumes by now. But we are fully funded pmsl
I believe he is a cat person.UGH.
I don’t want to come to BAs defence on timings (as they’re **** poor) but the reason I can think of for the month delay is the bulk sample which is running through Shandongs plant. It’s coming upto Chinese New Year and most if not all companies in China shut down so its a perfect time for this task.
I’ve no idea if what I’ve stated above is true but it’s what I keep telling myself.
No matter how technical English to French is far from the hardest to get translated.Many Universities and business spin offs in the Uk can deal with them in a few days. Having said that BA would blame his tardiness on martian winds if he had too.
Come on BA pull your finger out, I am fed up with broken promises.
Why do they keep setting such specific deadlines? They could just be more vague and say 'within the next few months' or 'in Q1' but they keep quoting ambitious dates and failing to deliver.
I agree BiB..... if it's been in translation for a couple of weeks, why cant they issue the english version.....
James, he's certainly keeping us on tenterhooks.
The ESIA was first lodged late in August where the RNS dropped at 13:15 so keep any eye out as it may still drop today.
BA, the days are drifting by old chap.Not that I ever doubted your timescale.
Hi Backinblack. Thank you, enjoy your weekend, let us all hope for a lift in KODs SP this year. ATB Speedy
Hi Backinback. If you read my post i said "probably good advice at these levels". These depressed SP levels will probably rise in time, but who really knows. I also would never recommend that people jump from the pan into the fire. I am not a pi coming to terms i am a pi. with many irons in the fire and my loss at SXX is just another punt gone wrong, i suppose you have never made a bad call. Stop accusing when there is no justification. ATB Speedy