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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Thanks for the report on your AGM attendance Ian. That has made me feel more hopeful.
Great post Ian. Thank you.
Well done Ian thanks for the updates.
At the end of the AGM did they supply any food? lol
Thank you ianobach what we saw on video was good aswell but when you see face to face you can read body language etc much better I felt confident any way but your report makes me feel better again thank you for your time
I must admit that when I woke up this morning and read the RNS I wondered why I had dragged myself up to London the previous day to attend the AGM. However, as the meeting progressed, I started to feel a lot more positive:
- I was really pleased to hear that our new COO is due to start on 1st January 2022. I had feared that, as we had not heard anything, the appointment may have fallen through. We were also told that we will be very pleased with the person’s background and experience.
- We clearly have a very good relationship with Valkor and Tomco.
- We are not the only supplier/contractor being delayed by the client in Morocco due to the new VP. Jason believes that it is “when not if” the second trial is started.
- We only need 1 commercial contract with 2 MMUs to break even.
- MSC are still very keen to start the bioMSAR testing and are putting significant pressure on the OEM manufacturer to start the static engine testing.
- OEM testing will negate the Proof of Concept stage so we can move straight to the LONO phase.
- OEM testing and vessel preparation can be done at the same time.
- MSC are still very interested in standard MSAR and we are discussing the possibility of a test on one of their ships with a Wartsila engine at the moment.
- We are also looking at 4 stroke Wartsila marine engine applications with other potential clients.
- We are still speaking to Maersk even though their current focus is still on Methanol.
- Other alternative fuels such as Methanol will also require LONOs.
- We can achieve up to 50% CO2 reductions just through the use of glycerine.
All the Directors I spoke to seemed very positive about the future – Jason described the team as good “scrappers”!
Great to talk with fellow shareholders. Was hoping Longholder 1 would have bought Nurse but good that he could make the meeting without her.
This time next year Rodney……………………………………………