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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My broker is X-O
Who is your broker Bobat? I can buy ok on IG though it’s 12.9 for larger amounts
Cannot get quote to buy anything over 25000
I actually think a share price below 55p is silly based on where the business is at, but simply wall street puts fair value at 79p. The point is don't worry if you got in at 14p and feel abandoned by traders taking their short-term profits.
Thanks Bobat for posting. That’s an excellent summary of recent developments and makes a clear and compelling reason to invest.
Share price Seems to be waking up this morning as well
Hopefully should start to see this moving up. Also tr1 on seller if seller has sold out
Https://total-market-solutions.com/2024/03/rua-life-sciences-plc-2/
Agree popeye, prob a stale holder from the open offer/placing at 11p. So many peeps get bored these days.
The selling has generally been well absorbed though. Mm’s bidding well above 11 today despite the “quote” being 10.5.
Amati’s finale? ( mentioned a couple of days ago Re his fund)
Bob - The 410,000 trade is from yesterday and I suspect a sell.
No worries. I’ve been to the recent AGM’s in Scotland and can vouch for their decency and experience, albeit with AIM companies, they could all ultimately be masters of the three cup trick as they charm the watch off your wrist! This company has ultimately been a disappointment to its shareholders since the early 2000’s but I remain excited by what this latest composite material will mean for the heart valve industry. Maybe I am already hypnotised……
410000 buy printed at 2.45. mms taken peeps to the cleaners
Many thanks greatly appreciated.
I've checked companies house and the directors seem to have a lot of experience in medical companies as well so time to raid the piggy bank
Check my thread “Edwards and the majors” from earlier this week, just for the potential upside on heart valve material.
As for cash burn, that’s been high in recent years due to the intensive R&D that’s been put into the vascular graft (now looking for a major partner to spend the £6M needed to take through clinical trials). That spending is done as they have agreed FDA protocols for trial. Just need a partner!
The grafts work did provide the bonus of identifying the material that they’ve now got under a MTA with the major heart valve co so it could ultimately be a top investment in R&D.
The contract manufacturing side is growing and that is profitable. Overall, then, cash burn should be reducing sharply.
I hope it’s at least three years before cash is a worry again. I really hope it never is again if these three divisions get results!
Mms only allowing sells. Sell are getting printed as buys
NT to buy. Shocking market.
Also daily more buys then sells.
They already raised 4.4 mill in December. No more placing. Should have been upward s and onwards. Mms very strongly held. Can see big buys daily. Mms ripping off the impatient peeps. Broker rating over 50p
They drop the sp, try buying,you cant!
Having consistently got overly excited about a number of shares can I ask those of you that have been around this longer that the couple of weeks that I’ve been looking into RUA.
The Business update RNS of the 5th mentions FY24 revenue of £2.2 million which is only slightly above the revenue of £2.18 million noted in the March 23 accounts.
The RNS mentions that the operating cost for 2024 are expected to be £3.4 million.
Am I correct that the cash burn will be the difference between the two -£1.2 million.
Given the RNS of April the 5th gives the approximate cash position of £4 million am I correct that if the prospective tie ups don’t succeed then it could see another capital raise in around 3 years.
I would appreciate some insight into how more knowledgeable on this board see the next 3 years playing out and whether you’ve got any milestones that you are looking forward to that will demonstrate to you successful underlying progress.
Lots of buys but mms taking this down to fill order.
8.5-9p I expect huge shopping
Bob
You been drinking again
This will fly back up again! :D It's just a matter of when.
Big push up any moment. They are searching for stock. No float at all.