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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Don't think the sp would have gone up to almost 3p and finished 14.5% up if there was a lot of selling going on?
Seller dumping out ahead of fundraising?
Avg vol (3-month) =1.4M
Avg vol (10-day) = 1.38M
Todays volume = 26,222,607
So a x 25 increase on recent daily trading volumes could either be a result of a leak with regards to positive refinancing? or something else?
https://hotcopper.com.au/threads/ann-request-for-voluntary-suspension.6304493/page-47
Indeed mannan, lets hope that financing confirmation isn't too far away as would like to think that all holders here can come out with at least a little profit this year!
jonesrichard
That’s why. It worth. Holding some share here. What you can afford to lose. When the news comes No. Chance buying at this price.
To coincide with trading recommencing on the ASX exchange Sunday/Monday 1am UK time?
seems like there has likely been some sort of leak with regards to positive financing, presumably confirmation will come Sunday night UK time just before AUS market opens?
Indeed Rajbury, this does seem like a candidate for a rise to the 30-50p + range very quickly if financing is confirmed or if not confirmed then possibly bust! so like you say high risk here but potentially very high rewards over a short space of time. GL all.
There have been a lot of naysayers today, but, you are right, anyone who's been burned here will be warning others. I guess that's the benefit of these BBs. It's all about risk & reward; I took a position today with money I could afford to lose (but I'd rather not!) on the basis of there being considerable upside. It seems from the trades today that someone is loading up, which gives a little more comfort to that decision.
Copy that Cav......!
didn't know him BTW.......
All the best (current owner beginning with an A then.......? :()
12p by Xmas sounds good, many seem very negative towards the company on here today, presuming that they are sitting on a much higher price than the currant price, seems like there could b a huge turnaround here potentially but obviously on the other side of the coin it could go the other way also!
More likely a pump and dump operation. Something you are part of perhaps?
little leak of financing agreed possibly?
@WelshFalcon - thanks, totally agree - financing something like this via unsecured debt would be a madness, collateral normally goes at sufficient discount to cover any premiums including absence of liquidity at that location.
Cavendish.........! you clearly don't...... :() lol
"anyone remember Sirius Minerals...trading well above 20p for at least a year...then the BOD recommended a sell out to Rio Tinto for 2.4p a share.."
All the best (Begins with an A and a little higher on the offer price...... :()
@Yuri, there are no assets at all. If you go back through all the funding information, the corporate funders keep the Lake Way processing plant and infrastructure. That was part of the deal.
So if this goes tits up, and the loan facilities default, there is no asset left to sell. Zero, Zip, Sod all, Not a sausage, Nothing.
Those pushing this as an underpriced opportunity have their own agenda and don't give two hoot for those that are daft enough to buy in on just hope.
Honestly, guys, wait until the funding deal is sorted and we all know where we stand. You could end up with your share of the chairman's company car - that is all that will be left.
Cavendish
I bought at 2 p. I can sell now i Want But see the potential. How big. I know. High risk. But huge upside. Buy what you can afford to lose. And I think everyone knows that. New ceo. Coming in.
yup, if it goes tits-up then cash is the first thing going to close creditor' balances
(and those guys already had enough f$%-ups)
there's an equity though but how much of residual assets
(some hard-mounted equipment in a middle of dessert?)
are salvageable if all this suddenly goes south?
someone said main rule of investing is : "never lose capital" ,
(although without taking risks it's hard to get profits too)
let's see RNS soon about who decided to take half mil position here (it's more than 3% of shares turned today already after all)
You done the same with. (EQT)
Cavendish
Go away. And don’t come back here
cash $70 million, but the outstanding loan is a whopping $162 million!
M/ c. Is only. £22m
I will hold this one
They might have a decent couple of bob in the bank, but just scroll down the balance sheet a tad further and look at the level of outstanding loans. The only reason the balance sheet isn't insolvent is solely down t how they account for development expenditure. Knock that out and this is totally bust.
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