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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smell the RNS 3Oth April lol
All good news
PS there’s no missed opportunity. If you think the SP will not go over 3 p again then you are deluded.
Still very bitter I see but anyone who sold when you did is certifiable. You then totally lost the plot completely and invested in PVR which has plummeted and made your losses even bigger. You are in no position to give any advice on investing and in fact please tell me your next disastrous plan so I can avoid it like the plague.
We will now make some clear headway and you will forever regret the crazy decision to bail out when you did especially as you might have regained a fair proportion of your losses as a result.
Feel free to wallow in you self made misery and I look forward to reminding you every time we prosper and you resort to even more ridiculous predictions of our demise which we all know will not materialise.
6p would be great. out we go and the wife can stop reminding me of her opinion of jp at the pint meeting in london.
ST123: "I am so confident this will be achieved that I resisted taking a profit above my break even point of 3p."
LOL. You mean you missed your chance when the share price nosed just above 3p for two hours, the first time in a year since you were forced to average down.
ST123: "You are correct I did buy on the hype but unlike you, I will now make a profit. I will never understand why you did not keep the faith in Graham and the board and you should be glad for those who did but some of your comments this week can only point to the bitterness of missing out due to poor decision making on your part."
You simply don't get it. You may get your money back, and good luck to you. If the bounce you are looking for occurs, I would *still* have lost three quarters of my money. The balance of probability simply didn't support sticking with SOU. I hope you do see a return. I hope it is not at the expense of yet another cohort jumping in on the hype -- as you did -- and losing their shirts. Hopefully they will do the realistic assessment that you didn't and won't.
ST123: "PS I have not said the price is going to the moon but have said 4-6 p I would expect in the next 3 months which is far more likely than your prediction of 3 years."
You're in no position to say what's likely because you steadfastly refuse to look at any numbers. You don't really seem to have any clue what's going on here. The nature of SOU changed in 22-May-2019 when it announced its intention to monetise the Tendrara assets. It went from being a company that could rely on raising money on the back of potential value of undiscovered resources, to a company that would henceforth be valued on existing assets. The share price had already fallen nearly 90% at that time as, not only had SOU burned through all its cash on failed drills, it demonstrated that the years of seismic acquisition, gravimetrics, and basin modelling were all essentially useless in terms of predicting reservoir permeability. There is doubtless more gas there, but it will need very deep pockets to find it. SOU is not that company. It might have been had it been more prudent, but the "high risk, high reward" strategy was too tempting.
It is a truism that lots of companies are valued on potential future value until the hard realities of actually turning potential into revenue set in. Every company has to grapple with that reality eventually. SOU announced its intention to do so in May 2019, and that was a very good thing imho -- it was the time of my biggest averaging down -- even though it meant that anyone who bought in at the very high prices had essentially already lost all their money at that point. However, it turns out that exploiting the assets when you don't have any money is no stroll in the park either. Those putting up the cash are rightly going to be looking for a large slice of the pie. It didn't help that JP and Rothschilds turned out to be completely inept at finding a suitor. The result was that the SP fell *another* 90%.
What YOU completely fail to understand, is that the share price is not an infinite elastic band. "It fell 99% so it can just as easily go back up" is a fool's opinion. The cost of keeping the lights on when you have no cash means constantly giving away bigger and bigger slices of the asset. Your steadfast refusal to pay any attention to how much is left is what leads to your lack of realism and bitterness over any negativity.
You may see your 4-6p. That's probably what the LNG is worth if you ignore the impending debt cliff a couple of years later. It may even be that the 4-6p value is reflected in the SP whenever FID occurs, which is why I didn't disagree with Gassy earlier. But since that will fully value SOU even after LNG starts flowing two years later, I'd expect any exuberance over FID to be short term and for the SP to drift back down again. Again, you have to consider the share structure and warrants, which will be a constant drag on SP. Most people are just looking to recover a pittance or make a quick buck.
Indeep “Dive bombing to the 1s...... again. Dog of a share”
You must be taking positivity lessons from ps.
PS I have not said the price is going to the moon but have said 4-6 p I would expect in the next 3 months which is far more likely than your prediction of 3 years. I am so confident this will be achieved that I resisted taking a profit above my break even point of 3p. You are correct I did buy on the hype but unlike you, I will now make a profit. I will never understand why you did not keep the faith in Graham and the board and you should be glad for those who did but some of your comments this week can only point to the bitterness of missing out due to poor decision making on your part.
ST123: "I’m expecting 4 - 6 p in the next 3 months not years. Just shows how negative and stupid PS is."
Yes, because obviously whatever you're expecting to happen is going to happen. Guaranteed. Just like when you bought in on the hype last June and the price went down. You WERE expecting that, weren't you? You WANTED to be sitting here a year later, nursing a loss. You were right not to ever look at the numbers in the RNS's, because they couldn't possibly make any difference and the situation is too complex for mere mortals to understand anyway. Despite that, you know the price is going to the moon. Because it's guaranteed.
Dive bombing to the 1s...... again. Dog of a share
it would have been exactly the same, the same wannabe traders bailing for the next hot prospect.
If this what happens when we get good news, Imagine what would have happened to the SP if we had an adjournment.
Oh well. Looks like all priced in. Might need some unexpected news to move into the 3s.
Would like to think that we may still sell the whole company. That would certainly reduce the time we have to wait for a decent return.
neither link works for me
https://mobile.twitter.com/aimranger1/status/1380880844542377988
https://mobile.twitter.com/aimranger1/status/1380880844542377988
to place a meaningful short, you need someone willing to lend meaningful amounts of stock.
not sure there is anyone with a large enough holding who would be willing to do that.
Just as an FYI to show the tool works, the shorts on ECHO daveyboy71 just mentioned..
https://shorttracker.co.uk/company/GB00BF0YPG76/
really?
you forget the lock in periods and the fact that the holders are incentivised for a higher sp.
the 'downward trend' as you put it is a completely normal trader selling on news reaction. the volume is much smaller than on the rise and a 2 day drop is hardly a downward trend, especially when you compare the sp to where it was a few weeks ago.
No significant shorts daveyboy71..
https://shorttracker.co.uk/company/GB00B90XFF12/
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
Eric,
Probably not chief as physically those shares don't exist and they come with strict caveats. The downward trend, I believe, is due to those 141 million shares hitting the register on the 20th April
The shares are locked in for 3 and 6 month periods but Lombard carried out a short on echo after their bond holder agreement so it cod happen here.
Could the bond holders be forward selling the share they have been allocated? Is that even possible?
St Mary I think based on investments, only one of the brothers is chuckling at this time.
To me haha.. Well I hope i am being ridiculous and there is a steady rise to 4-6p over the summer. Till then I'm only going to believe it when I see it and not when people state it'll happen on here, heard thousands of predictions over the years.... mostly all wrong so far, except for the ones that said it will bomb! GLA
People would be forgiven for thinking they’ve stumbled upon an episode of the chuckle brothers. To me, to you, to me, to you ;-)