Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
There is a tiny spread but it is possible to distinguish the buys from the sells.
Now their man is in - ! Huge stake building
Buys are being done at 13p
Perhaps this explains the price action this morning. Lots of sells but the price isn't budging. Have to assume that there is some significant buying on the other side thst we can't see yet.
Wow I wonder who is buying here at these huge levels ?! q1 results are okay not bad but not great.
Eric probably isn’t the best to take us forward and a new more driven CEO is what’s needed here. Only for the better
A deliberate reference from our outgoing CEO.
Sawiris / la mancha a key backer in Endeavour Mining who are big in West Africa, specifically.
Agreed booboo! The La Mancha name was the biggest thing to hit me having just read the RNSs.
Sawiris is a predator!
I doubt we'll make it 2 years, this is the fund that our new Non Executive Director is tied to as referenced to in the RNS:
https://www.mining.com/la-mancha-launches-1-4-billion-gold-mining-fund/
Investor meet 1030
My guess is Eric got promoted and will take a job in one of the majors, after successful completion of Sinigda and WK drilling. I am pleased to see that Sinigda output is already 3kOz per month. It is a pity Eric leaves, I hope the momentum he created will keep Shanta going for a few years until its acquisition by the major.
Hum yes is good to but huge debt
Luke and Eric took over Shanta when it was in a dire state and have turned the business around with some some sensible financial approaches and some very smart M&A with West Kenya. It's a puzzle why both have now left the company especially as the difficulties over the last couple of years seem to be behind the business. I do wonder whether the recent failed offer talks caused some issued with major shareholders?? I'm not a Shanta shareholder myself but did hold stock some years ago so always look in with interest. Shame t0 see both go but could suggest that predators might return and Eric can't fight them off this time.
I guess HUM is much riskier jurisdiction (Mali), and its output is super volatile. In October, its market cap was 3x less than now due to disastrous output, high AISC and local insurrections.
Just reading the Shanta Gold results for Q1-23 with 15k/oz production @1429$ AISC. Well done / some invest also in Hummingbird Resources which made in the same quarter 27K/oz @1109$ AISC. Shanta 137M MCAP , Hummingbird only MCAP of £84M. They also close to go live (june) with a new mine which push production up to 60-70K/oz a quarter. Are we overvalued or they are just undervalued?
Eric leaving second RNS, a total shocker guys!
Just reading the Shanta Gold results for Q1-23 with 15k/oz production @1429$ AISC. Well done / some invest also in Hummingbird Resources which made in the same quarter 27K/oz @1109$ AISC. Shanta 137M MCAP , Shanta only MCAP of £84M. They also close to go live (june) with a new mine which push production up to 60-70K/oz a quarter. Are we overvalued or they are just undervalued?
Eric leaving second RNS, a total shocker guys!
On the money with the exception of February at NLGM, again, these things happen in mining. Offset with Singida now producing well above nameplate before April is even out, NLGM is now a circa 72K Oz a year mine without significant resource exploration.
CEO going, pushed, jumped, burned out. Either way, they need a serious replacement to take WK forward.
That's a shame, he's done an amazing job here.
His step down could be for a million reasons.
I wish him all the best.
he did a job and I guess someone he's offering him a bigger job
did he jump or was he pushed?? regardless, production on its way north....
After a good set of results
Hmmm.
Shocker
maybe read up about how much shg help community development in Tanzania .!! 25p coming
noel what a statement this is ..!!! - like you know !!!! sell up then
and if the gold price did suddenly rocket to $2,500, then African and South American countries would seize the mines, possibly not paying compensation.
Which is exactly why I'm 'balls deep'' (over 2m shares) in GGP (being in Australia so a far safer less corrupt jurisdiction) instead of here (with a modest 29,441 holding only)!