Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
RhHh, I hear you. I don't know if anyone is a totally happy bunny here. At the risk of coming over as too pro, I will say three things. 1) With the final results due 30 June at the latest, there was a closed period for TWO months so no announcements could be made then. I doubt when FG set up the REPO, he thought about that. 2) In extending the deal, he got a reduction in the interest rate payable to MCS and for me, that is a huge vote of confidence in QBT. 3) Who would have thought the crypto world would crash? Bitty has gone from $69k to $19 since 10/11/21? Like it or not, we are linked with bitty. I'll say it again, I am a fan of BTC and have never bought any cryptocurrency, miners yes. I don't feel I can blame FG. I do like the risk/reward ratio and really hope they pull their fingers out - and before anyone else. I'm over £20k down at present and it will hurt if we don't pull this off. ATB
PAS14, no need for an apology! In the ten years I’ve used these LSE boards, I have never seen a reply. In fact, I can only recall one who has something resembling a brain. I’ve learnt the hard way that it’s a waste of time asking them anything. ATB
Another thought, FG re-negotiated his REPO so surely, he would be up for extending the options IF NEEDS BE. 6 weeks still to go, so it could happen! Sorry - it's my hang up with slippages!
Good afternoon Suthy, I totally agree and I have posted before that if the deadline comes and the SP has not risen, then seeing FG, as the gentleman he is, I wonder whether he would extend the period or offer a revised date. These options are meant as an incentive. They have to be achieveable or the whole plan is in danger and the team we have could walk. ATB
Ladies and gentlemen, I am not addressing the trolls here.
Peeps may not appreciate that by responding/talking about them/their posts, they are adding to the garbage on here, albeit with good intentions. Could we try and avoid responding in any shape or form? That way people will be able to either filter the offenders, or not. Most here want to read the decent folk’s posts but, for me, it is wearing a bit thin when they too are moaning about the garbage (I plead guilty). I am pretty sure it also inflates the trolls’ egos - maybe even their wage packet? Also, please start a new thread rather than adding to ‘the count’.
In the absence of news, could we try discussing what we think will be the first bit of news to drop and why? I’ll kick off. I think it will be news on the testing results. They have begun and I think they will be a forerunner to any further patent news. I’m also aware that these results will be checked by two independent authorities so adding to the time it will take. I would be surprised if we get news of our own mining before this. Then of course there could be any number of unknowns to add to the 'knowns'.
Whilst I would like news before 15 August (the 5p options expiry), I am not banking on it but I do think we will hear BEFORE FG’s REPO at the end of September. GLA LTH’s and enjoy the rest of your w/e. 600
Gee whiz! r e t a r d e d!
No probs Megason94, I have an advantage in that I’m retired - some might say ******ed.
I would not normally have commented but I see the drop as a huge vote of confidence from a Swiss banker. ATB
Whhoops (again) should be 8.5 months. GLA
Megson94, with all due respect, and I may well be wrong, but I don’t think the lender (MCS) did increase the interest rate today. The RNS on 15 December 2021 said “The Agreement provides for MCS to buy 5,000,000 shares from Professor Gardin on 16 December 2021 for 3p per share and for Professor Gardin to repurchase the same number of shares from MCS on 16 June 2022 for 3.185p per share.” That was for repayment after six months and today/s announcement is for 3.1125p for 8 months. It looks to me to be a lower rate? https://www.londonstockexchange.com/news-article/QBT/rollover-of-director-s-repo/15521061 ATB
SteamyWee, re your post @ 8:51 today. I am not against anybody posting either pro or anti a company provided it is constructive. I agree, peeps need to consider both sides. So your postings, for me, are good. We all need to see the risks, no investment is risk free and for me, this industry is high risk/high reward.
I’ve said before, I was uncomfortable with the high level of QBT that I was holding so sold some, at a loss, but recently bought some back. ATB
I would add though that if MCS were not happy, then I would have expected an increase in the rate of interest and especially in todays economic climate. Just my opinion. ATB
On this board in the past 24 hours, I haven't bothered reading everything but I have read some. Has anyone pointed out that the extension is only possible becasue MCS are happy to extend and at the same rate of interest? For me, that is another plus. As Notready 1 said, I think the extension to 30 September is a safe bet and we will be getting news before then. COmmon sense? GLA, 600
ERROR not develop - I mean KEEP the fastest, greenest gear going.
22Starship22, sorry, I did not make myself very clear. In essence, I believe we will progress in stages, one or two steps at a time. Over the next two years, I'm thinking we should have completed the current program of R&D and have signed some very attractive deals where the income is rolling in. I also hope we remain at the forefront of this technological area with more to come.
I would welcome, and think we could get news to start this all within the next two months but I also think it will take longer to develop the fastest, greenest gear going.
I often have a look at the Top Risers - its how I spotted CLP. Today, KEFI (never indulged there) ended up rising 32.16% after an RNS that evidently went down well. They have 3,939m shares in Issue; four times as many as us. The volume traded today was 422m so just over 10% of the shares in issue. Strangely enough we had roughly the same percentage of trades with our news. I am confident good news could result in a better than 32% rise. I am also hoping we get several items of good news over the next couple of years, caution to the wind. Keep the faith and be patient. GLA, 600
Our SP has faltered since mid-April. To me, this sides with the collapse of BTC. Personally, I see us as being aligned to bitty but purely because so many PI’s, and potential PI’s, think of as a miner. We are not just about mining; we are developing brainstorming technology behind Web 3.0 with the vast array of applications this has. If we do pull off the incredible speeds FG was hoping for, and the green credentials, then maybe bitty will bounce back a bit, or even a bit more than just a bit. I do believe crypto currencies are here to challenge FIAT, but we are a long way off the mark yet. Loads of news to come, but I never forget we are in a race against time with others, known and unknown. GLA, 600
Page 4, Final Results: “In the meantime, we are also pleased and proud of having returned value to our long-term shareholders, as QBT’s share price increased by an astonishing 1070% during 2021, making us the best performing share on AIM in 2021.”
The close period (or closed period) is the time between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results.
We listen and we learn, well some of us do. I'd forgotten the above so thanks Suthy. So, as many here have said, these results are no surprise. The only thing that surprised me was the total of Options at 237.5 m. If they are all taken up (because everything goes to plan) we are going to have a fair few more shares in issue - 998m today so the dilution of these Options is a force to be reckoned with. BUT would we have got there without the incentive? I’ve always liked incentives myself.
The Risk/Reward is still good IMO. Time will tell but it seems there are some topping up this morning (4 @ 500,000! Plus all the others.) Patience peeps. GLA, 600
22Starship22, its a conundrum for me here. I've said the very same thing in the past becasue we don't know who else could be ahead of the game. At the same time I'm pretty sure we can't rush this, it's too complex. As I say, a conundrum. ATB
Since nobody would pay 5p for options when the SP is below this price. So unless we see the SP go above 5p they won't exercise their right. FG being the gent that he is, he might agree to extending the period for these options? I always wondered how he came up with the dates but maybe he knew something then and we will see a nice leap beyond 5p before then. Still within the realms of a possibility. GLA
Maybe I am lucky, but of late, I have learned to be more relaxed. This enables me to take a view that allows slippage when I read any time frame. All too often believing in the stated time frame has led to disappointments. We will know when FG is good and ready to release the news. In the meantime, GLA 600