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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With the volume of buying that this hasn't responded more in an upward direction. These are hefty trades by SNTY standards. 5p rise doesn't seem like a lot, maybe MM's had some stock on their hands.
I agree that when the big banks say its time to sell they are often accumulating in the background. They need to create some liquidity to take the opposite side of their trades. Platinum is a good one to watch at the moment, particularly if we start to see some recovery in Europe.
That sentiment on gold in the mainstream media and amongst the big bank (fraudster don't forget) analysts is almost universally bearish. So, what do we read into that? Do we trust these people? Do we trust their forecasts? For me its a big fat NO. What it actually means (taking a contrarian approach which is where the big money is made) is it is time to BUY when everyone is screaming SELL. All the evidence points towards a strengthening gold price in the coming year. Very little if any downside from here IMO.
"Shanta's share price is now a leverage play on gold. Every $100 increase or decrease in POG impacts Shanta's profit by c $8m. That is a huge swing particularly for a company valued at c £50m" Agreed. I am convinced we are near the bottom on the POG or very close. Huge profits to be made here by taking a contrarian play against all the mainstream doom and gloomers.
No not really ASH. I enjoyed the power cuts and the TV shutting down at 11pm. Not to mention my dad's 3 day a week shifts. Such a shame when the night shift at British Leyland were not allowed to sleep anymore or respray their mates car. The extra £50 came in handy. So glad it was the tax payer's money they were exploiting and not the shareholders. Rise Sir RedRobbo. Were did it all go wrong?
Thank god for Thatcher in your case pal
God no. So lucky to have got out from SLP at 17p and JLP at 11p. Cannot understand why I invested in the latter as I already knew of the risks in investing in that country. Not to mention Mugabe. Colin Bird was very convincing with his transformational year presentation. Just did not clarify for what reasons. Pulled the plug on a 'dead cat bounce' All invested in PGM producer's in SA talk about the recovery of spot prices. What they fail to understand is the revenue generated will be going to the miners and not the shareholders. I chose SLP originally over AQP because of their tailing and dump ops, again I failed to recognise the fact that when the miners go on strike deliveries to the smelters also cease. I did post my views on JLP but it was perceived to be 'sour grapes'
Yes also in IMM. Best current bio prospect on AIM? Lupuzor could deliver big time. Another long term hold. Are you in AQP?
Also happy with my current holding but can see more value by adding if it does fall below £2. Holding IOF and of course IMM so any decisions will be based on the overall performance. Oddly enough, very relaxed despite being invested in AIM.
Hi leas, well the intra day high briefly hit 254.5 yesterday morning so, at this price we've given up about 40% of the gains from Tuesday. I wouldn't expect us to retrace much more from this point, 10% at most before consolidation. TBH it matters not to me as a solid long term holder with no plan to add any more as I am fully invested and satisfied with my holding.
Still has not retraced as much as I thought. Retrace or consolidation, matters not. When investors have banked their profit there should be new blood to take us closer to the 12 month high. Will average up if it falls below £2
Unusually tight spread on the shares currently bid 220 ask 222
From 15p down to 2.5p UP.
In the almost inevitable AIM style retrace that this company has just issued a fantastic trading update and with the price now 40p off the recent high a good opportunity to enter or top up.
Looks like you may be correct short term panda1. So be it…..
It was a great start to the day but alas the momentum could not be maintained. Today's candle on the daily chart is showing rejection of the 250p level. If the sp now falls below the low today it will give traders a sell signal. It looks like we may have to test the 190p to 200p area again before convincingly breaking the resistance at 250p.
Dibs, this was going to rise significantly today or fall on profit taking. Imo the small fall is probably the best scenario. A bit of consolidation bodes well for the next step up. Off topic, there has been s 'puff of smoke' from the sleeping dragon today. Lets hope torreya are earning their money. regards leas
Well we briefly exceeded my price target of 250p this week! Slipped back on profit taking but the demand is still there as we are now just back in the blue! Good volume again.
Very kind of you Paisley but I think we all make our own decisions and I recall you did your own research on this company quite thoroughly. :) Always happy to be bought a pint though!
can any one please explain to a beginer why this share is showing up 62% on other sited
I got caught ot when it was zenergy and have been sitting on these shares for years now hoping something would happen, about time to. Good luck to everyone
believe the strength of the bid here, it's right up against the ask every time the ask moves up - there must be serious competition for shares??
254 to sell!
"The accidental investor". Hmmm....Is there anything else you're in by accident?
to sell :)