Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Have to eat my words..."
It's a bit of a strong reaction, isn't it?
If Coopers have started a European launch, FUM should be maximising this opportunity.
.joint press releases,broker note, now available in......etc.
Missing a trick !
There is so much stuff going on, some of it imminent. The paradox is that the SP remains detached. Based upon the RSN one can formulate future growth, with a few assumptions. It's only a matter of time now before FUM attracts the attention of a big player, usually rest always follow. First TR1 should do it.
RSNs are like buses, come in threes. Next one should be a killer.
There are types who read early morning RSNs and buy-in on positive news, followed by all the upbeat positive posts (until set target is reached). 10%,ers
Anyone notice??
Companies must be basing their decision on continuing the advertising campaign on hard facts and not some loony feedbacks.
Thier confidence in the product is good enough for me. BoD could learn and maximise on the positives.
"Eroxon was US FDA-approved on June 13, 2023, and is available from both storefront and online pharmacies, including Canada Pharmacy and others in Canada...."
Appears that sale is not just for US citizens.
Stuff is going on with FUM flag ship product, they have a duty to investors to issue a clarification note....where is it?
....There's also a question of CDA approval. It should be FUM responsibility, unless it is a rogue operation.(with reputable outlets??!)
"Before drug products are authorized for sale in Canada, Health Canada reviews them to assess their safety, efficacy and quality. Drug products include prescription and non-prescription pharmaceuticals...."
CDA
There are only three explanations that I can think of for FUM missing the trick.
They have done a deal with Candian distributors and neglected to inform the market.
Current distributor has done a third party deal with Canadian distributors.
FUM have a cunning plan, which they are keeping to themselves.
Either way this smells of incompetence.
This was an ideal opportunity for FUM to influence the SP today, by announcing the Canada launch, not a shabby market region. More worrying aspect is whether FUM even know whats going on!! Either way, not a professional and confidence inducing moment for the BoD.
Surly a response is required, in the least.
The reason FUM SP is currently languishing is that the management have failed to persuade large city players to buy in. City will only buy-in if it has confidence that the management are capable of successfully monetizing their product. For them, it is not only about the product. (as good as it is.)
When this is resolved we can see the SP closer to the broker prediction.
In the mean time, the shorters and day traders will exploit the situation.
Credit to the BoD in developing and successfully navigating the trials, which has been their forte. However, monetizing the product requires a completely different skill set. NED's key role includes using their connections and knowledge to guide the BoD in the direction the BoD engaged them to do.
My view regarding the SP fluctuations is; that even if the product achieves a fraction of the anticipated revenues, it will be in multiples of the current SP. It's a matter of time before the dots connect and it all clicks.
For me - It's all good.
Https://www.youtube.com/watch?v=nSEcNrF0qTo
Building up a head of steam.