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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Cripes! Surely the BOD will have to explain further at the GM just why it has requested these additional share issuing powers, before shareholders vote? Georaid doesn't appear to have been at all bothered with Mutsk, as in we haven't had information that would reinforce the point that it has been and still is interested in working with us on the project. This latest faux-pas from the BOD in the RNS needs to be cleared up as soon as possible. Jib, well spotted.
Well, if Georaid have diluted, then the company should now state it owns up to 95% of the asset not 80%. So either they are withholding information or putting out an RNS showing 80% they are fraudulent in presenting misleading information to investors. So they either, a) need to present the full information including the joint ongoing costs, B) fail to disclose and are reported to the FCA or C) committing fraud and need to be reported to the FCA. I think it is time to contact the FCA again!
My guess is that Georaid have diluted and called it a day, hence the proposed share issue, wouldn't be the first time that the BoD have withheld information. Makes you wonder why, after their drilling ceased in 2011, did they give up so much of Mutsk in the first place!. DD
What's up with the partial disclosure? "Once Orogen vests its 80% interest then both parties shall contribute pro-rata to further costs or dilute their interest." There were no comments about the expectation that the JV now requires both parties to contribute to the ongoing costs?
I've gotta be honest Cookiecrew - I can't take the credit all I did was copy & paste it from years ago.... can't remember where it first came from or who originally created it......I did do a couple though but nothing as good as this....
Yes Cookie, see what news, if any, we receive after the GM. I'd like to think there are alternatives if a 'no' verdict is given. The problem is, I don't know what they may be. No further mention of a Mutsk JV is disappointing. Best of luck to us all.
Eric,think thats all we can do is wait and see now
Banner that's good my friend must have taken ages to type lol!!
Fair enough. Let's see if somehow this can be raised from the ashes. Best of luck.
I bought here above 0.15p i avg down to 0.10 (little less 0.095) but i decided to wait since this was 0.07p and now When i see ore below 0.02p i only have two options and selling is not one of them i will avg but im waiting to see first where our mustk gold mountain goes...
You make a good point regarding the actual gold. It doesn't matter how much we have in the ground really, even if the overall quality is fair, it is down purely to how the Company is managed to make the most of any potential. I think you know the answer to that, insofar as the management of our Company here is concerned. To date anyway. Cheers Pepe.
I don't think we know where the bottom is. It depends if we give the BOD additional licence to issue further shares and also if there is some semblance of a plan to really bring us value. JV? Mutsk is still undefined as to the extent, so there's much work to be done. How will it be funded is the question. Pepe, we can either sell and take out what we have left, forgetting all about this Company, or, wait and see if the sp recovers at all going forward. It hasn't in six years, but for now, ORE is surviving. Two projects is unviable though in terms of our cash reserves, so something will have to give. I'm holding now, out of interest only. No chance of a recovery to my average of 0.89p, but I simply want to see what happens. Best wishes.
Im in at 0.095p and waiting for The bottom...wheres The bottom? But now The share have been full destroyed if we really have gold here ...
Howl
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Birdy must have a plan if he's supposed to be good, should the request for further share allocation be refused by the majority of shareholders. Have to see what happens after the GM, but I still think the proposals will be passed, even though many of us on here have voted 'no'. The 0.0249ers won't be pleased, they surely won't be prepared to lose everything after only recently buying at those levels, so I'm thinking they will be voting for the proposals. This needs a JV, financial support, as further dilution can't be on the menu, unless it's The Last Supper. Lol.
"Orogen Gold shares appear to be de-listed or suspended". I keep seeing this when I log in, technical error, but I guess its only a matter of time !!!
Good luck with this one. Thanks for the thoughtful comments, I'm sure many long-termers, myself included, appreciate them. Best regards.
Brrrr, cold in here. Betterrrrrrrrrrr.
Any turn for the betterr may only be temporary, because they'll need more cash before long. From where? Oh, from us. Gulp!
I'm in at 0.89p. I'm a zillion years away from break-even. Lol.
Oh we're not all in such bad shape - I wasn't daft I got in at .78 so only 98% down needing a 50 bagger from here LoL..... I could've gone to a farmer for a fleece of course but got fleeced here instead!!!
It's a good news RNS until you can identify what's missing. When you identify what's missing you realise why all the dilution. The following is from the website and should also have been included in the RNS "Orogen has the right to earn an 80% interest in the Mutsk project by spending US$2.5m on exploration by 31st August 2016. Once Orogen vests its 80% interest then both parties shall contribute pro-rata to further costs or dilute their interest. There has been no communication about both parties sharing costs in the RNS.
I have only been here a short time ,,,, so can't loose much , i feel sorry for people in at 0.98 G L A
Well that's a nice surprise they actually doing something and keeping us updated next few weeks with results lets see could be about to turn at last!!!