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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Hopefully they believe my email to hold some on the lead up of the drill to results and reach that 25-30p prediction along with Zak and ride the last bit on for the dream but not too much ;o)
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AA in my opinion Ruvuma has been the only asset Scir has had which was worth anything (excluding KN1) Everything has been dependent on it. Which is why I think the interest in Solo over the years has dwindled. Its been delay after delay, promise after promise with the Tanz Gov moving the goal posts each time. Which I think has lead to the market getting board of this stock.
But this diversification derisks Scir in my opinion. By the time Ruvuma is ready to be monetised in 2025, Scir's other investments could be just as valuable. I think Ruvuma could go from the bread & butter to the cherry on top.
Things could look very different in as little as 4 months; just on the HE1 progress.
I am still not investing a single £ more in Scir lol a lot needs to happen for it to make it out the bottom drawer. But I feel as though Scir's fundamentals have changed.
I don't think the best case scenario at HE1 will drag Scir back into profit for me, but I do see that result as giving it a boost toward breakeven.
Its still in my bottom drawer and dependant on how well the BOD's new strategy is executed, breakeven may come before 2025 for me.
AEX ARA due by next week, could do with seeing an operational update and licence progress/status to unlock Ruvuma and get the 3D underway along with spud prep.
Good day again for our Helium-1 investment, last reported holding valued at over £2.3 million today.
Without Ruvuma I intended to say( not sure what happened there?
Shouldvesold, I agree about the next six months and that's
I think this is more about market sentiment. In my opinion Scir's value is still pegged to stoic Tanz assets. Once this Biogas deal is completed & revenue starts to flow, I think the SP will pop & the HE1 news & value will also be added.
The outlook for the next 6 months looks positive.
Shame Joelt, I hold both and took a bunch of HE1 @7p The rise there has not been reflected in the SP here at all, £2million banked and still £2.4 million worth on the table, with over half the market cap here represented by HE1 shares and cash, valuing Ruvuma at less than 25% of its recent sale value.
How I wish I went with HE1 rather than being in here, hindsight hey!!!
Let's hope we see a rise off the back of the HE1 price.
Anyway that is £3 million now backing up a 500kW gas generator so cash from HE1 well and truly spunked over shareholders faces.
I wonder if they bothered to value greenan, or did they just believe the guys at EAG?!
It’s not the boards money so not surprised they are happy to gamble.
Remember they valued the company at 2.8p IPO. Clearly didn’t think much of helium 6 months ago lol
Indeed Frank, our 9,556,088 shares are now valued over £2.2 million on top of the over £2 million they have already cashed in.
Some troll kept saying they should have sold @7p, good job the board are more switched on.
Seems the market does not trust the BOD to put shareholders funds to good use.
Now struggling to stay above 1p here
Has Chris sold out and bought in to HE1 directly instead? Wouldn’t blame him and it would explain the spamming of this BB with HE1 “news” (I.e pump and dump speculation)
HE1 above 23p and our 1.5% stake getting bigger and most will be free money for the board to spend on there new asset if it gets near 30p??