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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Looks like the seller cleared yesterday and looking at the chunky delayed trades from 9-930am replaced by a buyer.
Im hoping to see an under the radar climb to 5p,s before the herd notice.
Reality maybe different. Thanks to Mike and Maccers for some great info yesterday.
Burton gets really nasty if you call him out.
Check out the lnd board where he uses an alias
Pure ramper
BurtonD .. one of the most useless paid rampers in the history of the World .. and this was starting to rally up nicely with him staying away .... here's hoping he doesn't jink it by turning up here again :-)
Generally, I'm defo. bullish here ..
And a broken clock is right twice a day.. so here's to this ramp by Mr Burton being one of these two times !
And just like that mm's have stock to offer again at 2.679p
Those who feared from imdiate placing and sold will aoon realise it's just not happening.....quite the opposite, more positive news are coming IMHO 😀
GLA.
NO OFFERS. BID for millions. Ready for next move back to 4p?
And to confirm I cannot buy 25000 online at 2.7p currently. Everybody including myself waiting for the funding arrangements but now the price is starting to slip away as in terms of super cheap. Maybe they are not doing a 2p placing but then again trust nobody especially those mm's who can spike stocks knowing they have one in the system
Not much stock out there atm 150k has just paid a premium which tells you how short they are.
Traders might jump back in for a few hours
Absolutely cracking news.
You can see how the initial $10mill revs from a historic 400k embarking passengers will be blown out of the water in a year or two.
Qatar has added flights, Air france are adding an extra one, huge pressure on BA to add flights and then if they get Dubai as well of the internal African routes...
Not hard to see $15mill from just international passengers in 1-2 years. Domestic doubles it as will cargo. Its simply huge and all you need to do is hold.
Id say there is likely to be more on the flights but even at that level, we are highly geared and the $600k revs will have a negligible opex to deal with it.
Likely $500k/£400k profit which with the group at breakeven (ignoring DRC), is very welcome profit.
In a normal world adding that much profit from breakeven would do wonders for the SP. Even adding £400k profit should add £4mill in mcap on a PE of 10, which would be a 50% rise from here alone.
It would appear that DRC's Congo Airlines have had a difficult time of it over the past years however they are looking to acquiring three A320's to reopen five African regional routes.
"Congo Airways (8Z, Kinshasa N'Djili) is aiming for significant recovery and expansion in 2024, including rebuilding its fleet with one B777 for intercontinental flights to the United Arab Emirates and Europe and acquiring three A320s to reopen five African regional routes, according to CEO José Lueya Dubier.
During a news conference on March 7 carried by Congo Emergent TV, Dubier disclosed that the national carrier was negotiating for a B777 for the long-haul flights and three A320-200s. These acquisitions would be financed through an unnamed Congolese bank."
"Meanwhile, Dubier said that targeted regional destinations for expansion include Douala (Cameroon), Lagos (Nigeria), Dakar Blaise Diagne International (Senegal), Bamako (Mali), and South Africa. Intercontinentally, the focus is on Dubai International.
Negotiations are also underway with the European Union Aviation Safety Agency (EASA) to obtain necessary Third Country Operator (TCO) authorisation by mid-2024, he said. "Why not make the inaugural flight to Brussels on June 30, 2024," he suggested. The European Commission continues to ban all carriers certified by the DRC's civil aviation authority (Autorité de l'aviation civile - AAC) for allegedly failing to adhere to the applicable international safety standards.
And we know that part of the WG remit is to help/training and infrastructure to deal with this...
However, Dubier appeared optimistic about Congo Airways' prospects after it achieved more than 65% compliance with International Civil Aviation Organisation (ICAO) standards during a Universal Safety Oversight Audit Programme (USOAP) Continuous Monitoring Approach (CMA) conducted in mid-2023. He added that Congo Airways had also passed the IATA Operational Safety Audit (IOSA) in the last three years."
https://www.ch-aviation.com/news/138487-drcs-congo-airways-eyes-fleet-route-growth-ceo
Addis Ababa, February 23, 2024
Ethiopian Airlines, the largest network operator in Africa, is pleased to announce a launch of a thrice weekly passenger services to Freetown, Sierra Leone via Ouagadougou, Burkina Faso starting from 31st of May 2024. This new route marks yet another milestone in the airline's extensive network expansion endeavor, connecting more African countries and providing travelers with convenient and efficient travel options.
The new thrice weekly services to Freetown will be operated using the most modern and eco-friendly Boeing 787-800 aircraft, offering passengers a comfortable and enjoyable flight experience. The B787 is equipped with state-of-the-art amenities, including spacious seats, personal entertainment systems, and onboard Wi-Fi, ensuring a pleasant journey for all passengers.
https://corporate.ethiopianairlines.com/Press-release-open-page/ethiopian-airlines-to-launch-passenger-services-to-freetown-discover-freetown-with-ethiopian-new-service-via-ouagadougou#:~:text=Ethiopian%20Airlines%2C%20the%20largest%20network,31st%20of%20May%202024.
3no x week= say 150flights annum x say 100 passenger/flight (?)--- at $40/pass= $0.6M revenue
Lol Jim. I actually read it at 1.7950 so at 179.50 it’s just a typo
A sign of things to come misty :)
Print. Strange
Ian.
Agreed. The sentiment behind Rifle's pots is understood,... we LTH's have been here before.
BUT,.. we know the SL airport model works, it's attractive for the in-country Govt/Authorities,... as they have to little money,.. it's good for us as we get paid by the air carriers, in $'s, via IATA.
WSG have made the contract very tight covering off a number of 'difficul situation' scenarios. ie the early termination penalty, the third party out of country try arbitration, the return of kit etc., all good, solid moves.
As to funding. PF confirmed that initial funding would be from cash at hand,.. he stressed that they had a number of debt finance offers on the table already and he confirmed that the roll out of the five airports will take 18-24months,. so part of the funding will come from cashflow from the DRC contract, which will commence in July and will be circa a$10M in the first year regardless on the speed of roll-out.
As to the SP..... patience.
Fairly balanced post there from riflemans who i assume is not holding but watching.
Yes indeed they raised 2.5mil in 2021 when Drc was signed subject to ratification. No placings since 2021 and they have yet to generate any fcf. They have 800k atm so i guess 1.7m spent over 3 years running the company and jetting off to Africa etc chasing deals.
“Only” £8 mil revs in the first year though? £8mil revs is almost doubling wsg revs. Mcaps about £8m now i think.
So its not really “only” to wsg but quite significant. All info available suggests there is room for considerable growth on that. Could be a lot more in year 2. New flights starting as the airport safety is improved. Freight, domestic flight airports. Worth noting also The £8mil is on historic pax so likely to be out of date.
I reckon 10p and more will come but its not instant will need time.
Funding is still yet to be announced. Im not at all sensing a placing. Hes missed the boat (bad pun). Also a lack of company ramping and the strong suggestions its project debt in rns and investor calls. Its sit tight if your and make your own mind up if your watching.
Well it's not seeing 10p despite PF and the CFO's best efforts and I suspect if it had seen 4p then you would have had a placing quicker than you could blink. The WSG business model for years has worked on two things, a per passenger fee but also backed by placing or Darwenesque type funding. That way WSG get their money (shareholder money) and they don't have loans to pay back or substantial monthly interest payments to make to service your debt.
It'll be interesting to see which financing route they ultimately take given investors risk profile of the DRC and and the fact it's only £8m projected revenue in the first year.
By the way where has all the previous placing monies gone that were raised for this very purpose?
Best of luck on the outcome whatever it ends up being.
Don’t worry LRT, threy’ll be banned by CoB
I like your enthusiasm!! Just a word of warning. That is £100 million over 10 years and is turnover , not profit. But yes. Share price not reflecting this deal at all!! If funding is clarified in a way the market likes I expect a re-rate.
Shorters deramping as they want the s/p to go down is alas a bigger and bigger thing on AIM in recent years.
There's also Short(/ish) term buy traders who buy on good news .. and sell pretty quickly for whatever profit, they hope .. and then look to talk the share down to buy back in again as low as they can .. and then talk up again...and then sell again .. and rince and repeat ..etc..
AIM is A LOT about short ish term buy traders nowadays.. and plenty about shorters too ..
Why invest and talk share price downhill. Makes no sense to me as eventually they will find the true value.
The sentiment across AIM market generally is awful .... include the 'tricky' Fowler history here on top ....and it's understandable why the likes of Misty will readily get downward s/p traction from talking this down, alas..
While I'm annoyed this is a little 2.50p as I type, I understand the dominance of the de rampers here and generally on AIM around now... and the short term success they have.. but I'll sit patiently in the hope that news going forward will rally this - very - meaningfully up, into the future
PF is quietly focusing on the business as he has been doing to get the DRC over the line. People have been writing him off, he is not making the noise traders would like to see, i.e. ramp, place, rinse and repeat. This is now turning into a proper and viable business, not the WSG of old. I am confident things will turn here and happy for PF to get on with things in the background. As investors, we will have the last laugh, traders will only make so much trying to game the SP but if you accumulate in times such - as this as many of us were doing in the 1s when derampers were all over it - we will reap big rewards. I say watch this space, big few weeks and months ahead AIMHO
Need to clear the sell order to move up. Repeated 250k sells have been ongoing for a while now and the buying frenzy has dwindled.
Id guess spreadex who held 6.1% on last holdings rns are reducing. We had a couple of very high volume days when DRC was ratified. So they may have sold into that liquidity. Best guesswork only. Theres 3 other possible candidates if you check back from 2020.
The sp should adjust if and when its announced the contracts are live. Maybe sooner if Fowler announces debt funding with fav terms which surely is due. Hes back out there in a week.