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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Lots of posts going on at Mo it seems with everyone having different views on where nct is going . Where it should be right now or hoped to be and what a let down it has been and randys leadership lacking a little Orslega big timber helpfuls views I see and appreciate and Mr magic and labratt views also I can understand Being a major holder now in nct and possible dilution shortly I am also concerned on the future of where this ship is heading But I would like to add from my perspective that 50% approx of the shares in issue are held by institutions and the rest individuals like us They have held and still hold to date I believe and so im still happy thus to hold I think all can agree that the company is now going through a change in both direction and board members and we are now overdue both up to date news and date of agm and are we cash generative to hold our own And with everyone's views will make agm a fun day out in London if everyone comes along Again only my view and no ramp intended
"I've been in that situation and in the end just thought, sod it, I will just leave what's left in the share until it's worth nothing at all, in my mind it is already written off. " gosh, that sounds like a pretty terrible stance to take for effective investing. no wonder you seem so eeyore-ish. ... if you think something is going further down, don't forget it, ditch it. ( - unless the transaction costs are extortionate, in which case, should never have got in!) .. as they say, look after the pennies too ... anyway, i seldom bother to use filter on lse, but unlikely i will respond to you again. gl.
"25,000,000 shares looks to be about £7500 at 0.03p" At bid price (the only price that matters) of 0.027p they are worth £6750. He's already stated he has lost the equivalent of 30m at current SP which is approx. £9000 and that his current 25m are 70% down so that equates to another £23,000 invested. All told it sounds like he has put approx. £30,000 in here and now has just 25m left worth around £6,750-£7,000 . . . .if my maths are good. It's a crappy deal whichever way you look at it and yes, there is always some emotional attachment to shares that you've been in for some time and put a lot of cash into. What doesn't help people in such situations is relentless ramping of those kind of shares because it just gives people a false hope that a company or CEO will suddenly change its spots.. I've been in that situation and in the end just thought, sod it, I will just leave what's left in the share until it's worth nothing at all, in my mind it is already written off. As you say £7,000 is a reasonable sum of money to many and perhaps could be used in other shares to try and claw back some of his losses. He would need a 3 bagger somewhere though to recover the whole investment.
mrmagic, i wasn't asking you for your guesses about someone else's investment logic. i was asking earache. 25,000,000 shares looks to be about £7500 at 0.03p. i appreciate it might depend just how rich someone is, but i know for myself that if i had £7500 in a share that i thought was very likely to do badly, then i would sell that share and put the money to work for me elsewhere. not the kind of small change i would just leave & ignore.
From Helpful Facebook link earlier it seems that Bryon was expecting the AGM in July aswell (too late now). He said on his fb account.. " in July is the annual shareholder meeting they will be given a proxy 'voting' with my name as a candidate " - 17th May 2016. So not on board yet ......and joins the list of possible newbies .... We'll definitely flaming August then? !! GLA
http://www.zerohedge.com/news/2016-07-29/oil-surges-after-opec-production-hits-record-high-heres-why
I would imagine Spikeyj, that like so many people who have been done over on AIM, he is so far down that it just makes no sense to sell out for the pittance that is left. You may as well leave it gathering dust. This does 2 things. One it leaves the faint outside chance that one day an AIM company might turn around and let you get a little more of your money back and two, by holding your shares you reduce the volume out there that is available for trade. A share price needs volume and if a company treats its shareholders poorly and dilutes their holdings then if everyone sitting at a significant loss just hangs onto their shares and refuses to sell, then the share starts to stagnate. Andrew Bell of RRR nicknamed such people "Stale bulls". Some companies typically just keep issuing more shares in the hope that "new blood" will come in to pick up the reins so that they can then "rinse repeat" the whole dilution process and keep pulling funds in. The more they do that though, the lower the SP drops on each dilution and hence the term "death spiral".
it was more about the timing......not what they said....
not meaning to be funny, but when did beaufort securities last say anything other than 'speculative buy' about northcote? -- they've been pretty solidly wrong with their NCT price targets for a long, long time ... which is not to say that they might not turn out to be right one day (stopped clock and all that, lol) but cross-referencing the beaufort NCT recommendations versus graph of actual NCT sp hardly supports their credibility.
"For the record I still hold 25 million and refuse to sell any at this sp." why not sell your shares? you seem to be clear that you think this is a terrible company with terrible management whose interests are very poorly aligned with those of shareholders, and it looks like you agree with mrmagic that there may well be yet another placement coming. with all that in mind, it does not seem very rationale to maintain your 25m share in NCT; surely you can see other companies out there on the stock market which have better prospects than you seem to see here in NCT? would be interested to hear the reasons you are still holding.
Found this; https://www.slideshare.net/mobile/BryonConley/geopetro-resources-acquisition-projectv3-48529638
https://m.facebook.com/bryon.conley/timeline/story?ut=32&wstart=-2051193600&wend=2147483647&hash=1030019940417716&pagefilter=3&ustart=1 Says he is a board candidate for North vote Energy Ltd. Started in July. New biz development and financial turnaround. Looks like he will be taking part of Randy's role. Dyor
Ha, you beat me to it.
Bryon Conley on LinkedIn: he is in Springer Energy and Riverbend.
Bryon G. Conley @GBC_OilNGas Jul 28 "More good news for Northcote Energy and Springer Energy on Shoats Creek revenue increases:" http://arrowhead.obsidianirtools.com/northcote/news/article/24743253 … Byron G Conley Co-founder and Managing General Partner Springer Energy Development LLC May 2015 – Present (1 year 3 months) • Responsible for managing 7% of Shoats Creek revenue, providing business updates and managing revenue commitments for investors. • Sought and secured sufficient investor capital to fund the discovery phase and begin production of Springer Energy’s holdings, representing up to eleven new wells.
Hey let's not bicker been here too long fed up to the back teeth with nct. Hopefully we will get a chance to make a bit of money soon here's to hope.
"their entire post would appear to have little validity." On the contrary, a review/analysis of how far this share has fallen and how many billions of shares continue to be added is extremely pertinent and appropriate at this juncture. The company has high overheads as clearly indicated in the "must read" Final Results recently posted. Key management remunerations are also high ($808k last year). Investors sitting on huge losses likely need a miracle to recover the position and the problem is that the $millions needed for "Other Administrative Expenses" and the management remunerations have to be covered before you even start to think about profit that creates "cash in the bank". It is imo a fools errand at the moment and imo will only change if the company drastically removes those overheads, curtails salaries, slashes costs right the way through and puts any available monies towards revenue generating ventures. There is no doubt in my personal mind that a another placing is coming but that is my personal view which could be wrong, but which is based on yesterday's RNS and my observation of the seller (or sellers) rapidly exiting in the past month at low sell prices some of which were around 0.026p levels. Add to that the relentless promoting here, silly rhetoric, sound bites and basic ramping 101 terminology and I don't need any further convincing. The March placing was done at circa 33% discount to the prevailing SP. Worth considering what a 30% discount would be to current SP and what that would do to the SP going forward. Imo it would see the SP go sub 0.02p. In the end you have to DYOR. Ignore the twaddle on these BBs, be disciplined to only go by the official info released via RNSs and other formal media and never ever believe that a leopard will suddenly change its spots. On the other hand if you feel lucky then by all means follow the ramping 101 merchants cos there's "something brewing", a "re-rate is coming", the "train is about to leave", have a "cheeky top-up", the "buys are disguised as sells - naughty MMs", it's gonna fly, it has multibag written all over it . . . . . GL whatever you decide
Selling? I'm expecting more buying by a large margin! imo
We need volume,. This should come next week on news and hopefully those selling will get swallowed up!
Yesterdays RNS contained a statement that up to $450k worth of work was underway at SC and unlike on previous occasions the company neglected to say that their proportion was fully funded. Add to this the increase activity of ramping posts including the twitter ramper who was predicting tidal waves of news just before the last placing and is now predicting rocket fuel. I would suggest that people be very careful. From a current shareholder whom has experienced the repeated placing's by the company and the posting activity of certain posters is following a similar pattern to those previous occasions.
the Buying commence!!
wonder what the report says then.....
Northcote Energy’s (NCT) “Speculative Buy” Rating Reaffirmed at Beaufort Securities Posted by Renee Jackson on Jul 29th, 2016 // No Comments Northcote Energy Ltd (LON:NCT)‘s stock had its “speculative buy” rating restated by Beaufort Securities in a research report issued to clients and investors on Friday. What do Beaufort know, any reason why they are telling clients today?? Could be something in it, lol
Bashers galore!!!! Must be time to buy.........GLA
Need I say more..,Lol