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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Oh lord...Mornington's here! Earl of Aim will be turning up next.
Ojls - remember when we were talking about value and share price a few months ago.
I still think that LST is suffering from the same problem: they're definitely on the right track and business is building, but there doesn't seem to be a catalyst for a re-rate.
It's very softly softly catchee monkey, which is pretty good but I can't see where the huge advances in share price are coming from. Maybe the cumulative effect of growing revenue will hit a critical mass.
I'm still a little uncertain whether they will need a fundraise or whether revenue is now self-funding them
Up nearly 5% and ask 2.50
2p - maybe.
1p - no chance.
We are only a few days away from 2023 results which in theory should be positive given what was covered in yesterdays RNS.
A reversal back towards 3p wouldn't be surprising given the news cycle and trading patterns in January and March. We also now have the benefit of Board Members absorbing a volume of shares in recent months and I doubt they will want to take a kicking on a big drop.
Looks like it’s heading to well below 2p , could it reach close to 1p again ?
Somewhat of a harsh response from the market after what again appears to be positive news (and the dangling carrot of results and shareholder presentation).
Yet again the MCAP is worth less than the value of the secured business and ten times less than the business that has been quoted for!
Someone must have been loading up earlier in the week as I was able to get a quote to sell a decent volume.
Take a look at the RNS on the 7th March. The Bod set an exercise price of 5p on the share options issued. It gives you some idea of what the BoD are aiming for! (hence why the volume is getting absorbed pretty quickly every time the sellers are willing to offload a few shares).
Could not sell my holdings on Tuesday and wednesday ,on Thursday shares went down,will keep for now but will try again when bid price reaches 2.7
Nice little dangling carrot for Shareholders" The 90 acre growing site is one of the clients larger sites with plans to double it's size"
Just shows the scalability of decent agri tech and #LST clearly have some mega products that work.
Https://www.linkedin.com/feed/update/urn:li:activity:7176647114058268673/
His "visit my website" goes straight to the LST website!
All in good time :)
He has 4 times the cash invested here
Cooley buys a 11% stake in another aim stock that has just jumped 228% on that news, yet over here he has 7.58%, joins the board and the price has barely moved. Go figure
Who’s selling only 25 shares today seems very expensive when charges are taken into consideration.
Excellent appointment, Dr Cooley
Its nice to see an appointment with some skin in the game, plus what looks to be a nailed on strategy. Time will tell but its clear that the BoD are confident of some significant growth (see share options and exercise price given).
Cooley has joined the board and now owns 7.53% of shares, a slight increase on his last holdings RNS . Was he approached to join early last year which then triggered his buying spree? Anyway, great appointment and I’m looking forward to this now moving forward.
Interesting trading going on over the last few days. Lots of small retail sells getting hoovered up by £5k (or more) buys. MM's also seem happy to take decent volume on dummy sells so I wonder if we might see another TR1 at some point (all speculation of course but it does seem like one of more buyers see good value at these levels).
Cheers Ojls..
Imo , you could look at the fire barrier acquisition in two ways.
When I had a look on Companies House, they appeared to o a lot of money due within one year.
So the cynic in me was saying LST acquired it now so they can raise on the market.
The flipside is that it is cash producing.
Balancing those two things and the cash position I decided to err on the side of caution.
Happy to be proved wrong for you on the fundraiser.
Hi Techtonic.
Both good points. I agree that the contract news has been a little underwhelming. Its clear that the business is growing but I guess new investors are looking for some real big ticket wins (hopefully the wait wont be too long).
In regards to their cash position, I would be surprised to see another fund raise. The whole point of the Tom-Tech and Fire-barrier acquisitions was that they produce income from the off to avoid the BoD coming to holders with cap in hand (Although I could be completely wrong)
Happy to hold and see how things unfold.
Hi Ojls..
As you know I was in LST last year and there was excellent growth from the 1p fundraiser to circa 3.3p .
Technically, it hit a massive stumbling block when the huge gap in the chart was filled at that point.
I think the problem is twofold
1) The new management strategy is appearing to pay dividends - and, although impressive is still very piece meal and nothing juicy for the market to get it's hands on. At some point it probably will produce a re-rate.
2) with only £600K in the bank last November and still loss-making, I think another fundraise is inevitable.
Market waiting for that.
Only my opinions because I do like this company but not sure when it is going to gain huge traction
The last few RNSs have been hit after hit with clear growth, increased margins and new sectors being opened up.
I just wonder when the market is going to clock what is going on.