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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@AngerSkarz: "Maybe if Putin heads towards Kyiv we will see a much bigger drop?"
I don't think this has been dropping primarily due to Ukraine. It's being systematically driven down by shorters. I've seen those same companies attack several shares I've owned and the result is always the same - they wreck it. I'm unsure whether or not to get out now or to wait for results and hopefully we'll see strong buying.
It's nice to think that those vampires will be burned, but I've rarely seen that. 9/10 of the time they succeed to drive the share price into the gutter with their algos. It's depressing that this type of systematic attack is legal, but it is what it is.
you always have been a crowing idiot. No change there then.
We ALL had a peck last time at the very bottom...or somewhere near.
The point I was making is: no one ever knows beforehand exactly where the bottom is (including the great Warren Buffett!)...and so quite often one buys several times as the price keeps falling...including you I might add. Don't try and make out you only bought exactly at the very bottom last time...you and a couple of other self-appointed former gurus bought more shares at various prices (as the price continued to collapse) well, well above what the bottom of the former share price collapse turned out to be; and, at that moment -- considered yourselves very savvy for having done so!
As you are so very obviously omnipotent...let us all know exactly where the next very bottom of bottoms is going to be then...and we can all make some easy Brewsters.
And don't suggest 3.88...that's support -- not the bottom.
Where is the bottom? Does anyone know? Buy at the bottom ? Good luck.
Peaky. Welcome and agree we haveb worse to come but due to external developments.
I bought in here at 429p when it seemed to have found a bottom..
Fundermentaly sound business, but hit by current global news.
Expecting a big drop when Putin presses fire, but will need to be quick as expect that to be the bottom.. Great board tho!
S.T.D. Contrary to your statement. Some of us do in fact buy at the bottom. My deals were posted real time :-
30/03/20 rmg bought 8250 @ 124.857
03/04/20 rmg bought 15179 @ 129.76
I’m a buyer at 350p, and I reckon it will get there.
Nobody gets in at the "bottom". A quick trawl around Youtube will convince you of that. Just tune in to Jim Cramer...or perhaps look up the oracle himself Mr Warren Buffett. Have a gander at some of the horrible gaffs well known analysts have committed over the last several weeks or so (including myself...unfortunately) ...its easy to brag about getting in at the bottom when you actually do -- and every time just plain old luck! Just like selling at the top I might add.
The important thing is not to beat yourself up...and don't get greedy. Save some cash just in case it falls even lower. And even if it does...you won't be cursing yourself in two years time when the s.p is considerably higher and saying: "gosh...wish I hadn't bought at £4.04". If you are in it for the long haul it makes not a jot of difference if you buy in at £4.04 or £3.68...not a jot.
Also, look for Kretinsky to buy more stock anytime soon; I will be very surprised if he does not at some point in the next week or so...or even sooner. Kretinsky is a big part of the equation when looking at RMG's longer term future outlook in my opinion (he might well turn out to be THE future)...if he does buy, and buys big, it could be a real game changer. What are his intentions I do so sometimes wonder? Lol.
Mike "if the markets weren't subject to so much blatant corruption and manipulation"
Couldn't agree more Mike. Wish I were paid for each time I have used those same words.
Redceo - It might not be a science, but it could be a whole a lot more of a reliable way of generating income if the markets weren't subject to so much blatant corruption and manipulation and individual stock prices were a fair and accurate reflection of the underlying fundamentals of their businesses.
Very true. Sharedealing isn't a science no matter what some would have us believe.
You can never be certain where the bottom is though,sometimes you get caught and end up buying on the way down.
My uppermost thoughts are with the Ukrainian people.
The SP will do whatever it will. Ignore the drops until your as certain as you can be that the bottom has been reached. Remember that's where the shorters make most money. Don't buy on the way down, buy at the bottom.
.....although there might not be much of a planet left if the Ukrainian situation isn't resolved amicably.......
A P/E ratio of below 5 is just insane in any market, surely the most undervalued stock in the ftse 100, probably one of the most undervalued stocks on the planet!
We keep hearing that there will be millions of pounds of savings coming and the share price will go up. Anyone know roughly when these savings will come
but several things to hold foremost in mind when highlighting any possible positives regarding Royal Mail's share price.
1. Kretinsky is still accumulating; further indirectly increasing his holding, percentage wise, by RMG's continuing buy-back program. Most importantly, he could have sold when the s.p was both in the £5.00 and £6.00 range...but didn't.
2. This might sound rather somewhat arrogant to remark: but do analysts really truly understand the full depth and redeployment of RMG's vast resources when it comes to their unparalleled UK Network? They understand the pure fundamentals of the company absolutely...but the whole ethos, concerning Royal Mail that is, which pertains to the company's massive, in-depth restructuring when attempting to take the lion's share of this burgeoning new parcel market?
3. Most private investors do not use forums like this or any other one...you only have to talk to people at work (other posties) to realize that. In other words: people on this forum are more informed than your average investor. Why is it every time there is a dispute at RMG, every tabloid newspaper offers the opportunity for any person working for Royal Mail to ring in to them (the newspaper) and make a confidential disclosure? Most investors type "Royal Mail share price" into the search engine every day...and then react (panic) accordingly. Do it right now...and just look at the most eye-catching headlines; most/some of them all rather negative or downbeat to say the very least.
4. The full years results are not out yet. Add to this, that along with those results there should be a very positive update concerning the new Hubs.
5. If RMG decide to throw another big lump of money at buying back even more shares...this will then help confound the shorters even more. Especially playing right into kretinsky's hands.
And there you have it...my five cents worth.
Bottom line: don't panic...and take a little nibble at every pullback.
mike, I don't follow your logic. Surely it would be the short seller that is buying the stock at a lower price in order to return it to the lender? If the company is also trying to purchase it's own shares at the lower price at the same time then I would expect to see the price rise due to the higher demand for the stock.
I was looking at it from the opposite angle... it's the buy back that has enabled the shorters as they've got a guaranteed big volume buyer to sell to when they need to exit their position.. but hopefully this means they will have to close their positions before the buy back is completed.
Citadel Advisors 0.53% 0.0% 17 Feb 2022
Marshall Wace 0.91% 0.10% 2 Feb 2022
Millennium. 0.50% 0.02% 17 Feb 2022
WorldQuant 0.52% 0.03% 8 Feb 2022
Total 2.46%
Ruxi, letter box collection mail is currently down although this is normal for January and February. DSA mail is, if anything, slightly increasing although this is also normal as we come to the end of the financial year and budgets need to be used.
As far as the projected recession goes;
My prediction is that there may be a slight drop in parcel volumes across all mail couriers however the last two years have changed purchasing habits forever. It's strange to note that many people and families still manage to make purchases through tough times despite the amount of food and energy poverty.
Apologies scampthedog as I may have got my wires crossed regarding Mill Lane.
I can't vouch for the parcel operation but I do know that there are definitely no plans currently that involve closing or moving any part of the letters operation although I can foresee this happening in the next few years, as I have previously posted.
Mill Lane shut down several years ago if I recall correctly, OliGarch. Royal Mail did not own Mill Lane (Unlike the Mail Centre at Great Sankey) they rented it. Originally it was a Nestle's site I believe; also I think that Slumberland and Christian Salvesen were both in there as other tenants before RMG.
All the staff at Mill Lane transferred over to what is known as Unit 3...a separate unit opposite to the Hub (Unit 1). As for Sankey Mail Centre...it is to be sold off for more new housing. Royal Mail will make proper brewsters on this one -- it is a huge chunk of prime building land!
In the next couple of months most of the staff at Unit 3 and Sankey Mail Centre will be going into the new Hub...they have been running a X Docking over there with agency staff since before Christmas.
blockfire, that is correct. Solystic make a fantastic small scale tilt and tip parcel machine and we know that the quality and reliability of the machinery is very good as we already use their equipment.
The issue for some of the smaller Mail Centres is that they have recently had to make way for additional Solystic sequencing machines as part of the Delivery to Specification project which has decreased the available space in the building not only for the extra machines but also additional storage space for the mail that has been held back.
The small Solystic parcel machine is small and can be configured in various ways but my understanding is that some of the inward sortation selections would still require a second break down (due to having a smaller machine and therefore less available selections) thus requiring more storage space and manual handling for the secondary sortation.
Additionally, not all buildings are suitable for expansion either because the site itself isn't big enough, the layout doesn't work or it is not economically viable.
The future development depends upon how long term the BoD and senior management are looking ahead. Personally, I would like to see the BoD splash the cash on some innovative solutions and new buildings but these people are more restrained than I am so I expect that the smaller Mail Centres will end up transferring part (or all) of their operation to their nearest large Mail Centre and potentially see some of the smallest Mail Centres close.
As a side note, in the '90s, one of the then rising stars in the business worked out that RMG would only require twenty six Mail Centres at strategic locations in the UK which was in line with the Dutch model of each office being ninety minutes away from each other by road. Perhaps this is the master plan? The rising star went on to work for ..... Amazon :-)
ebygum, absolutely correct. Unfortunately in the offices that don't have parcel sorting machines and are therefore still sorting manually the double (and sometimes treble handling), especially inward sortation can be very costly.
Ironically, it looks as though my office will need to relocate as the building is not able to house a parcel sorting machine and the associated manual operation. I queried this but our Mail Centre Manager assures me that a substantial manual operation will still be necessary.
Interesting to note that both the local Amazon and DPD depots only form of parcels automation appear to be basic conveyor systems.