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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afrc....I replied earlier with a lengthy explanation....it disappeared so now abridged it's this...............
No it does not concern me...creative accounting. Past masters at it!
Huge take for me is the LEASING arrangements now, which is back end loaded towards end of term, great for clients. Can only be done with a cash rich company. Once the stream starts though, watch it take off.
Majors still on board.
Building up millions of tax credits whilst keeping predators at bay.
T.B concern should be investors getting restless....see AGM where nearly 10% abstained for his chair again, kick in the teeth.
My take on longer term is 2-4 years.
G.L
afrc.....No they won't run out of money by Xmas, they have bought in this period a great amount of stock, that due to their expanding order pipeline. Tom Black is a smooth operator in my opinion. The strategy he is adopting in my opinion is aimed at building a very profitable business, but not in the short term as this would attract a possible take over. He is looking at over a longer period, and then with a track record of being profitable at the end of the day it will be worth multiples of what it is at the present time. Another point is that every year many more millions of tax credits are being 'banked' for the future when the company becomes profitable. But the big takeaway for me is the switch to effectively bankroll client companies by providing LEASE OPTIONS. The company said in a presentation it will provide for clients to have a greater percentage of the lease paid towards the end of the lease. What company would not like that?
Longer term to me is between 2 and 4 years from now. However it would appear that some are not happy with this strategy, hence the around 10% who abstained from voting at the AGM to have T.B in the chair. This was a warning, that quite a number of investors are becoming restless at the time taken to achieve profitability and dividends.
IF the large investors start selling that would ring alarm bells for me and not before. In fact i have been thinking about buying more.
G.L with your future investments.
And it does not concern you that the co has burned $3.2 mil in 6 months in cash. At this rate ,they will run our money by xmas.
Tell us one piece of good news trading wise !! I do agree though that the fact that none of the major ii's have not sold out or reduced their stake is a positive. What are they hoping so i wonder ? A take over at more than 30p is the only real hope we can make some decent money here.
Long term, long term , i wonder what your interpretation of long term is ?
afrc.....everyone to their own as they say. This is a long term hold. Remember that the company has entered into contracts that are delivering most revenues towards the end of term (unlike most that are front payment loaded). My concern would be if the major investors started selling which they patently are not. The top 25 Institutional Investors own 92% of the company, and any big 'sells' appearing are always only swaps across the SI registered bank Investec. I see the bank itself is now a major holder in THRU which in itself is a very good sign. T.B has his own way of running a business. Detica for example are a past success if one wants to check up on his business dealings.
But is this a share to hold for a 'quick buck'? No.
Utterly and totally rubbish results. What an terrible investment this has been for any of us that have been long term holders.
And worse of all , their cash position is half to what is was.I wont be surprised if this goes down to low tens !!! What a waste of money invested this has been !!!
The usual pull down of the s p before interim's announced.
Nothing happening anytime soon here folks as a director would not be able to buy.
Sell here and buy RBD ignore Persi.
They have been busy in the USA.
After director buy no news here for sometime, just losing money hand over fist here, sell now and come back in about four years. RBD or DNL the way to go PERSI.
RBD now up 30% time to get out of this dog. At least another 1000% over the next six weeks.
Ignore anything Persi says.
RBD up 10% now train leaving the station.
Sorry to hear you have lost money here bobby, if you want to make it back many times over try RBD .
I've sold my small position for a small loss. Think it's a company with a good offering, but the fact they are not profitable for long, despite selling units, raises too many questions about the viability of their model. If there was a software (i.e. SaaS) element then maybe it would be more attractive, with customers receiving updates and/or discounted hardware (the money being made in recurring revenues).
A tumbleweed bb for a complete dogsh(1t) share. No-one that faces the right way would see this as a viable investment..!
I will be surprised if we do not see some 'swaps' via Investec Bank before close of play on Friday.
Yes, knowing T.B's reluctance to portray anything other than a downbeat scenario, it would be a revelation if he published a Report that is basically a 'hey we're now trading in the black, and the future looks very good for the company'.
OMO as always. I won't say good luck, as this company does not need luck to make money. It has T.B.
Results due out on 12th JULY.
Must be getting very close to date being announced.....share price rising.
Noticed the price has been dropped in recent days on No trading whatever.
MM's trying to coax the impatient to sell, thereby facilitating a cheap buying opportunity for their Institutional friends.
Some strong buying on the 8th June.
Signal that news is imminent.
I am presently considering adding to pension fund holding in Thruvision and thinking of new uses for the technology. There are only 117 prisons in UK, so not much of a potential market, but there are over 6000 in the US. Prison security is a major problem, with smuggling in of mobiles and drugs. Great potential and outweighs border security, may even approach warehouse and distribution.
If the usual pattern of events is to be followed, then we can expect this slight rise in the s.p to be negated by third party swaps through Investec Bank, the Bank of Thruvision. Keeps their S.I ticket as well as holding back the price !
How many times have we heard that ?