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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It sreems to me that TB used the high copper price previoulsy to spend heavily in proving the mine's resources. This was successful and the overall value of the mine was increased to potential invetors. He wasnt terribly good at controlling downside risks however. This has got the business into cashflow problems, whihc is the classic way that otherwise good businesses end up failing. He realised his mistake, and persuaded an experienced finance professional to come on board, even to take the plunge to relocate to the end of the earth! She is now committed to sorting it out and TB is allowing the bean counters to call the shots. To be fair, I dont think this scenario is all that unusual. Fingers crossed the potential investors and/or Newgen are convinced.
Thats considerable savings! That would put them at near debt free after 3 Years! And even sooner if Copper continues to rise like people are predicting! I am guessing these are things that Lenders are looking at for refinancing!
"This process is targeting cost reductions and improvements in operational efficiency that the management expects to yield cost savings of up to US$1 million per month.!
Chicken shagxxers anonymous
What number?
Great
Depend hw u look at it to be honest they got enough copper yes less staff but not whole work force
Longest they snare suspended stop any nonsense happening so it’s best time ever for rmm really is.
Copper about to boom don’t forget rmm still mining. They not stopped they making profit right now
I had to read that twice! Ha - I am hoping that this can be sorted out sooner rather than later! But the higher Copper goes, the better for us as investors and RMM. GLA
AJ, Maybe wise for RMM to remain suspended for the maximum time possible while thoroughly reappraising the situation and putting in place all the necessary operational objectives to ensure that share-devaluing surprises remain rare - in contrast with the frequent bouts of bad news - by prudent financial planning that accounts as fully as practicable for its strategy; then, and only then, will confidence return, and benefit from a rising copper price.
A pitty we are suspended as these copper rises would have been good to the share price over the past week!
Cookoo
"Be ready know o hope I are it’s time"
That reads like something from the man in the green box.
Be ready know o hope I are it’s time
How many toes have you got, Jonny?
Go on then lets hear it.
Until we have the next step news there is little to discuss
Simple as that
GLA
Just shows that despite the know it all's on RMM that they no more than the novice being sucked in by the so called investors of experience and the field that RMM operates in ..
Hope the ones believing the garbage these guys/girls have been posting learn from the lesson on this ..
https://discord.gg/zdpsYrME
Hi Diamond. Feel free to join as above. We need all the PI’s we can get so it all helps!
Hi MAD8, I still hold 700,000 shares and would be keen to add those shares to your discord group. Any thoughts on how I can do so? My previous posts will show you my views on the BoD and TB. My only uncertainty is whether they are fundamentally dishonest or just completely incompetent... or both.
DJ - sorry I mean Publican! Why do you feel the need to comment again? You’re not invested. Can’t you just put a sock in it mate?
Just can’t understand why everyone so sad it’s joke like end of world rmm in best situation. For first time ever we are a company with everything. Working dnt care if placing don’t bother me. I got more money crypto iconic labs new funds even better.. I seen mine and it’s amazing. Tb done a great job no one else can do what he did. U lot forget tb had to fight to get rmm to we’re it is. Bankrupt company 2020 look now company that actually running grade are crazy
Know0 I'm sure no one cares who you do or don't talk to. Thats up to you