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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Tesla makes the Roadster - a rich boys toy which it is phasing out next year. It is developing the Model S electric family car which will not be for sale until 2012. It was incorporated in 2003 and made losses right up until last year when it posted a profit of $1m on $20m of revenue. This afternoon it is worth $1,930,000,000 Americans are terrified about oil security and their investors love related IPO's. This whole game is about speculation, with or without facts.
...if you were to make an 'imaginative' offer for a house but didn't have any idea whether you could raise the funds, or what level of funding you might secure, you might be asked by the seller to mince off from whence you came! Any suggestion that the irritated seller would provide you a 4 month window of exclusivity for this imaginative offer without funding, allow you to extend it by 2 further months because you were 'almost' there' with the funding would seem extraordinary without sight of any cash whatsoever at this point. Furthermore if the dastardly possibility raises its ugly head that a 2nd party was expressing some practical interest in securing a deal, you then request a further two month window of exclusivity for a bribe of a few grand in order to block this second interested party, would be bizarre in the extreme and might indicate that that seller was a little desperate. When you finally learn that the seller is the buyer and is creating a fantasy deal in order to attract attention from the potential buyer's employer (who gives the impression of being wealthy but nobody has even seen the colour of his money) you have to realise that not all is what it seems. Because this wealthy employer is himself trying to raise funds from yet more investors to enable him to buy the house because he doesn't have the money! The only people going to get hurt in all of this are the naive and the gullible. Myo beware! You may be both!
Tesla is a 'sexy' motor car that captures the mass imagination. I doubt whether a van will provide the same killer fantasy for investors! All attempts at comparisons of any potential Smith IPO v that of Tesla are pure speculation, pure fantasy and bear no relation whatsoever to anything in reality. Ramping without facts!
If the SEVUS deal is such a reaslistic possibility then why are the big boys not getting involved?
At the end of the informal question session, an American sounding chap who was a representative of a large shareholder who couldn't be there (I suspect from Liberty) I am informed that guy was the Chief Executive of Liberty and was prevented from raising any questions
What frustrates me is that we are not being given the Heads of Terms for the merger. These must be have been agreed as a basis for SEVUS paying $1M for the 60 days to complete. You don't pay good money to complete a deal within a specific period if you haven't agreed what that deal is. When the Plan A merger was announced back in March the board were happy to release the figures by RNS, with the qualifications relating to compliance and finance. Why not now?
Thanks for the downlow - really appreciated.
..and most of all I of course blame myself for reading the MS note in the first place and acting on it.
Firstly thank you for AGM feedback as I could not attend.Secondly I blame my loss on Morgan Stanley who put me in to this investment.Thirdly the US deal is dreamland.I would love to think otherwise but all my professional experience tells me it just wont happen
...'there are those on this board who know very little of what is what'...and obviously only you and you alone know what's what?! There isn't just one view (myo's view)! I can see no evidence whatsoever that you know any more than anybody else! ...that is apart from your view of what you claim to know! Shame you didn't post 'what you knew' before those WHO WERE at the AGM posted what they genuinely knew!
Thanks for taking the time to post your thoughts on the AGM, not everyone was in a position to attend. I guess nothing has really changed and it's just a waiting game until the SEVUS exclusivity period is over. I just hope a conclusion can soon be conducted over this long drawn out saga. GLA
...or myo's hypothetical figures?! As for the rest? Well done in reading everyone's else's posts before adding your own!
... I appreciate you kind words.
Beautifully put...
Totally agree,next news will be in Dec,so until then it's back to normal for Tan,back on a very slippery slope!!
...SP will drift back down to around 10p (or maybe even less) as investors ponder the likely outcome of the long proposed merger. None of the previous windows of opportunity has led to anything over the last 7 months and most will wonder if this next period will be any different.
I wouldn't have posted the message if I didn't think it was useful!
Stop being a twonk - if you haven't got anything useful to say don't say anything at all.
If you want any news on the AGM go over to the iii board, there ;s a bit over there!!
...he hasn't put forward anything factual that occurred there, just more of his positional suppositions! Ask him a question about it and he skips round it like a girl! ...I nearly said suppositories didn't I?!
No - but you can if you like!!!!!
Myo Intriguing comments on iii about Roy Stanley being very emotional throughout the AGM. What's your take on that?
Come on Myo i for one rely on your comments!
Was relying on you to tell us what went on! Pretty please!
That's all a bit too cryptic for me Myo! If I wasn't 250 miles away I would have turned up at the AGM. I will really appreciate a brief precis of what was said. Thanks