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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Roger they already have 2 large customers with another 2 possibly in the pipeline. These small share sells are strange. I am not one for conspiracy theories but something is going on here.
What this urgently needs is a major contract with one of the 'numerous' potential market possibilities that we've been repeatedly told of in RNSs. To date we have no idea if a single conversation has taken place between our CEO - who helpfully lives in Thailand - and a representative from either of the below listed sectors... Chairman is in Westminster but anyone's guess if he is able to confer with reps from the UK MoD or MfT.
Military and transportation.
At the moment we're just hoping someone else will pay for a large warehouse and all the required machinery so vdtk can produce and then sell its panels more cheaply. Tick this box and we'll be getting somewhere.
Roger I am looking at Rooftile groups solar tile not panels. It is a bespoke product that now has a global reach. Metal tiles offer a low weight solution compared to normal tiles.
Doesn't matter. VDTK panels are far too expensive at the moment to reach critical mass in sales. Product is excellent but cost of production is far too high to make any profit and the salaries being taken are killing any positive financial outlook
Can someone confirm the following, Metrotile are owned by Rooftile group. Rooftile group are owned by IKO Industries. If this is the case then Verditek has access to a global market?
Imv mms were complicit (PH?) in driving the share price up towards 2p then a load of forward selling and then the huge drop to allow the placing. What really stuck in my throat was the fact the company in the RNS effectively congratulated themselves for being able to raise anything at all.
I’ve already written this off as it just stinks from every angle. I suspect some in-the-know people will end up making a lot of money out of this company but it’s already been decided it won’t be any retail investors. Tom Winnifrith was right all along
I reported them already. Once over the price manipulation to let the recent ‘strategic investor’ in at was effectively a 75% discount and then also because of no TR1 in spite of that so-called strategic investor instantly owning about 20% of the company. I asked them to look into a serious level of forward selling and what imho amounts to insider trading.
I didn’t even get an acknowledgement of either letter. That’s the wonderful FCA for you though. They’re not interested in retail investors. It’s all run by the iis and slippery as hell.
Not sold yet. Just waiting for one more piece of news on this MOU and if that goes belly up then I’ve lost £130k in total. I wanted to support a start up in green energy that was good aesthetically. Much good it’s done me.
Morning Roger, I'm not invested here now, my small investment was sold at a loss. Have you sold up now or holding onto half just in case?
I read your frustration, and if I had your amount invested I understand why.
You seem clued up with the companies faults, and for want of a better word "stealing" your money. Is it not just worth reporting VDTX to the FCA.
Good luck if your still in Roger.
I just can’t fathom why the company absolutely refuse to say anything or even update their website. It leaves a nasty stench in the air.
Are they that afraid of Tom Winnifrith and his lot ganging up on them? Why?
The maths for the average project is £395k divided by 120 which is £3.3k per project. The figure is slightly higher as the 120 includes trial projects which may lead to new customers. The company has given sales figures for H1, an update on current sales would be most welcome. We are looking at almost a project a day in H1 so it is reasonable to say that sales are now in excess of 1 a day at present.
PEEL HUNT still got about 75m shares they need to dump. When will they pull the chain I wonder? When they do I’m afraid this is going to tank by another 50% or so. BODs need to do or say something that is in the interests of share holders other than themselves. Fine for them as they know what’s going on and all might actually be ok. They know exactly how many sales and contracts are happening with Lindab and Metrotile but we mere mortals are left totally in the dark, save an update every 6months. At least we know our Directors will be well rested by the time they have to put out another report.
Twink99 - that number of contracts is per decent but of course we don’t know how many are for just 5 or 6 panels or 100+
No idea how long things might take to move forward on the MOU either although nine months was mentioned in recent RNS as the length of time it would get to have machinery in place in a new manufacturing plant. I guess that means if they can pull this JV off with NZV in the next three months then we’re looking at some progress in a year from now. Hopefully the sp would recover as soon as something is confirmed though. It’s just agony being a vdtk share holder
And 'growing interest' in their light weight panels.... Am already blue in the face from holding my breath here. Next news is going to be do-or-die for me
So that I do not sound like a doomster, 120 projects completed in H1 is not bad news at all. Share price is bleak at the moment though.
This is looking really bleak. Company has enough money to survive for now so I will hold.
Dropping even further…. Incredible performance from VDTK over the last 6 months. I wonder if that MOU is still alive. Of course ROB RICHARDS won’t say a word. He puts out a report twice a year and that’s it. Brilliant way to earn shedloads of money and live somewhere beautiful and tropical. Good on ya Rob. Its been my pleasure to pay for your lifestyle choices these last few years. I only wish I cd continue or do more but I’m afraid the time has finally come to begin throwing the cargo overboard. So long folks. It’s been hell. No idea how long it’s going to take to shift my holding but I’m taking a massive loss now rather than risk losing everything.
Impossible to say. I don’t know what to think as there is such little information coming from the company. Trying to get feelings for this investment is akin to sticking a finger up in the air
If sales are going well then I’m not sure why the company wouldn’t want to say something about it. Too deep in the red too get out but can’t lower average any further as it’s already at rock bottom. Holding tight…for now
Roger the company now has a product that is selling around 65K a month in H1. This gives the company a value. The buyout value of the company is higher than the market cap at this low share price. You would expect sales to grow since both roofing companies are marketing the product but we simply do not know how sales are progressing due to the woeful lack of communication. With no update on sales people will presume that sales are not going as well as the company had hoped, hence the lack of interest in this company. Is it delusional to think that the company can get close to break even within the next 6 to 8 months?
Have emailed the company to enquire why no TR1 has been issued. Nothing on their website states who the new owner of 20% of the company is.
Typical AIM and typical Verditek.
Shady doesn't come close.
Peel Hunt still have millions of shares they need to dump.
Whole thing is rotten and stinks. Should have had a TR1 weeks ago but nothing. All an inside job. Would not surprise me one little bit if this was investigated.
This share has gone into hibernation. If or when it wakes up, I have no idea.
300k sold
900k bought.
over 5% down
Joke. But it's not funny and I don't think I hear anyone laughing.
Https://uk.sports.yahoo.com/news/verditek-first-half-2023-earnings-050645963.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADCqnnlYNEbrd6NVcOL6HzGVkWKeyJGXoXAyLUWqxrXnrHEQDkHxrCCrszmF1ow5r56nHQMTz77j3NW46sir66ilCnxmxzn6pSuFB3HXsUXbgoI2u4ht5IRG2YP34qruU4YrVqlBAo7zOB52b6CiOZyJxIbDZhdbmPLtr0shKyMr
4 warning signs that should not be ignored.
It's curtains here. I now think the MOU was just a ruse. My guess is this will be wound up by the BODs and taken privately before the end of the year. They know there is great potential here but they are just too greedy for words and don't want to share any long term benefit with existing share holders. Even ones who have been here for several years.
Unless they can come up with something positive to drop on the market they're going to need another raise soon or else those poor directors won't have anything to buy their Christmas presents with or pay for their skiing holidays. Car crash management. That's the second rubbish RNS I've had to read today. I'm living on wings and prayers these days. Now £83k down. So much for investing the something ethical. Wish I'd stayed with the oiliers back in 2019!
At least there is some confirmation that Lindab are still selling and with over 120 orders that isn't all bad. Now, where can I find another straw to clutch on to..?
And just one more thing...the recent raise was on the 1st September so if there was no forward selling a TR! would have to be issued by mid October at the latest. If this 'strategic investor' wants to remain anonymous then they must shed 97% of their shares - unless of course they live in Cyprus or somewhere like that where they know the UK authorities won't even bother to chase them up - by that time. I don't want to even think about it but I can see a major dump of the remaining shares this investor has on its books. Peel could be about to tank the share price again. Is this going to go down to .1 of a penny? I honestly wouldn't put it past this lot.
It's an extremely worrying sign that the Directors appear to be doing less and less work but taking ever bigger salaries. I"m afraid, and I fully admit my confidence in this company is at rock bottom, I suspect they know survival is looking bleak and so have upped their salaries to make up for what they will lose in the value of their share holdings. Being even more cynical I'd say they will run this for as long as they can get away with it, possibly do exactly the same kind of raise again - if they can find anyone willing to put any money into this stock - and once they've made up some decent money for themselves they'll jusy wind it up or sell it off. The one Director who bought in not so long ago, Gavin Mayhew, put in a lot of money and he's the guy I imagine is wanting to get his money back more than the others who have all put less actual cash in.
I think we are now in the death throes of this company. This recent raise was the last straw for me and has shown the BODs to be totally without conscience or care for any ordinary share holders. They are in this for themselves and no one else matters. I bet the boss of the possible jv partner is a mate of one of the Directors and it's him who put the £500k in to make an easy profit and screw the existing share holders so his buddy and co can continue to draw salaries for another few months. Can anyone tell what I really think of this company and the people who 'run' it?!
Oh and still no Tr1 even though supposedly someone new now owns 20% of the company. One rule for them and another for us humble pis. How is that allowed?