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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500,000,000 shares bought in two days, technically 1.4bn shares bought - if you include the placing ;) . Anyway, the only way is up next week if everyone on here starts being positive and really pushes this, it can be back to 0.3p with good sentiment. Over 800 bopd being produced is pretty impressive for a company with just 9m value. Look at UKOG - worth £130m but producing hardly any oil.
For gods sake dont mention buying new cars here it will be the mother of all demises.
This actually doesn’t remind me of “Range of yesteryear”! The old range would have raised that same £1 million at double the market price of the previous 20 days ! Somewhere around the 0.4-0.5 p region ! Even young Rory managed that!
EP - its complete crap and something stinks.
If the coffers are running dry, why did we not recall some of the £3.6m (can't remember exact figure) we repaid early to LO.
it doesn't smell right. ultimately, IF it was needed then we are in a worse position than any holder actually believed. If not it does raise questions as to what was the real goal of the raising, was it to befriend LO, was it to give mates rates to SIBO or Abrahams, or maybe was it to try and screw over SIBO or Abrahams.
The bit I don't like is the fact this reminds me Range of yesteryear and we all know how that panned out!
KRO.
It's all just bonkers. Cityboys having us over again, nothing here makes sense. Least of all why the raise was necessary with plenty in the bank when last we heard, and at such a massive discount too. Company and financial bods up to no good, same old, same old, and guess who the losers are...
In the open market i tried to buy £2k £1k £0.5k then £150 when i posted and with ii investing was NT at 12p for all fact. Ofc things may have changed since. Still a big discount to pre £1M raise.
No stock after a £1m placing!!
The definition of illogical crap (no offence)
I can buy at 12p no prob.
Put a limit order in they go through straight away like everyone has been saying.
NT for £150. There is no stock down here which isn't exactly surprising
NT for £150. There is no stock down here which isn't exactly surprising
Still NT
Dilution is rubbish. But if it is to advance projects i.e. as it is here to increase production between 100-200bopd at todays barrel prices then a £1M investment is shrewd imo
Was the same yesterday until the Ask jumped to 13p
Ignore the NT Just use limit orders at 0.12p and you will be able to buy all the stock you want and order is filled in a few mins. No need to pay more at the moment, Was the same yesterday.
Back to the old days dilution, dilution, dilution
That's £10.3M MCap using an SP of 12p (8.5billion...7.6 +0.9).
It's NT for £1K so clearly they don't have the stock under 12p Wilks.
This was valued at £13-£15 over the last few weeks. With the new shares included now £10.3M. So a 25-30% plus £1M for site progression towards 1000bopd
No the quarterly report is to determine production though to be in the region of 800 bopd. Then factor in the price of the barrel ($70-85) which should have a positive impact on the net amount to Range.
The £1M raise is to accelerate production to 1000 bopd
Utter nonsense. Once these placing shares have cleared this will move north.
Actually about half were for less than the price yesterday.
Quarterly update next week and targetting 1000bopd so we'll see...
Gla
"On the 16th over 250m options were cancelled. So from a point of view of dilution we should consider the placing as really 25% less in reality. Also, ASX is useless - no trades on it. Expect further buying today." The material difference being that the options were for a more reasonable share price rather than the ridiculous discounted price of yesterday.
You can still buy at 0.13p - spread the word - PIs should be lapping this up at this price.