Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Max! old son put it down to where it came from. Your posts are intellectually invigorating on whatever board you post on especially the T.P.G. of late. Without you a lot of character would be lost so just keep plugging away when you feel like it. Able!
Max! your question is slightly above my head as I do not truly understand the technology and where it is taking us and therefore, I am just in for the ride now until I learn a lot more and, I am just as keen as you to learn more on the subject. Unhelpful Able!
luckyorange believe it or not everyone is a trader according to you as, sooner or later we will all hopefully sell our stock for a profit. You can not have your cake and eat it as you buy a stock hoping to make a profit and you either sell it because you are losing too much or you sell it because you think it has gone high enough or, you need the money. Contrary to the other posters and what they think, where is Versarien headed from here? I have no idea, but hopefully for your sake I hope they make the big time. Unfortunately I have a friend who listened to the so called experts (he by the way was a phd) and he sank a load of money into the Japanese market, he will no longer touch shares after such a bad experience. Remember the adage, a penny wise a pound foolish! It is an extremely clever individual who can with confidence forecast the end result accurately with the markets. I am quite content to take a back seat short term and watch you profit as you seem to have all the answers. Good luck Able!
TruroTrader! At the moment it is too much to hope for as the market is desperately trying to get to grips with the magnification of the problems caused by Coronavirus. The threatened recession was bad enough however, we do have the luxury of being underwritten somewhat and hopefully this safety net will be our insurance. It is companies like Flybe that are being hammered and it is the knock on effects that we have to be mindful of and how we can be affected? Yours Able.
luckyorange! Wrong again, I am not a trader and like others I do not like losing however, what I did to mitigate the situation was to build up my portfolio from approx 5 companies to around 25 companies due to the inherent risks of investing in what was fast becoming a high risk market. Originally I acquired the idea from The Financial Times back in the 1960's and found it worked as, however good you are one will always experience laggards and the trick is to offset your losses against the substantial winners and by that method you keep your capital intact and be able to grow it. I do not crow about any winnings as one never knows what is round the corner. Obviously with some shares they fall in value and never pick up and the trick is to recognise the situation and exchange them for others, I call that good house keeping. Able!
lucky orange! You have been indirectly ramping Versarien for over 12 months and you will probably recall that some time ago I predicted that I would be able to pick the shares up at 50p due to the world situation. At that Time I never dreamt of the Corona virus outbreak and so it was a lucky forecast. Contrary to your comments, if investors had got into gold they would be sitting on substantial profits provided they had followed me. I was fortunate to release a swathe of Versarien and invested the proceeds into stocks that in some cases have trebled. I am now waiting for the right moment to plunge back in to Versarien. You see you have got all your facts wrong and yes; I believe I know what to do that is why I have been holding off.
IKnow noothin. That just about sums you up.
luckyorange Your rudeness is beyond belief. I have only made the case for only holding off investment until the situation wIth T.W. and N.R. has been cleared up. I find that you are acting as the site controller which you are not and, I still have shares in Versarien that I am very much interested in and therefore situations that are created by others leaves me to question them. I am also minded that there are investors new to the game that need direction. If you do not like my posts then you know what you can do?
What the market is looking for is not rumours or fanciful ideas, just a substantial order from an accredited company. This would have the effect of creating confidence in the investor/potential investor and in the share price. Too many people have all the answers but unfortunately they do not run the company.
Flappingchicken! I have no argument with Tally Money as it used to be used Aeons ago and still is. I stick with the renowned/accredited experts such as Jim Rickards who sometimes advise the authorities and is an authority on the subject. Gold is the only alternative so far to be recommended as being the gold standard as used previously however, I am not against the idea of Tally Money being used.
Just Jimmy! Where I really scored was when I made a major switch into property ready for any upturn, the bank manager thought I had gone nuts until I pointed out that there was too much money tied up in property and, he like me would be out of a job if the sector disappeared. Believe it or not you could pick up British Land at 2p a share and in those days and one could readily predict the next sector to be on the move. Yours Able!
Flappingchicken! I have no argument with Tally Money as it used to be used Aeons ago and still is. I stick with the renowned/accredited experts such as Jim Rickards who sometimes advise the authorities and is an authority on the subject. Gold is the only alternative so far to be recommended as being the gold standard as used previously however, I am not against the idea of Tally Money being used.
Very welcome song, the 64000 dollar question though is, who is likely to give such a sizeable order at this moment in time given that they may be facing severe constraints themselves? Any way as I have stated a very welcome song. Able!
Max! I have seen all this before, sooner or later we will witness a scramble to buy shares that are considered a bargain when the panic subsides. Any shares then bought for the ride will be ditched and, on the subject of gold it will be no different. I think it was the bear market in 1973 that saw my portfolio crash by 75% and it took over 6 months to recover. Due to the severity of this crash I fear this one will take much longer to crawl out from the ruins and, should it prove a total disaster resulting in financial meltdown gold will be the only acceptable currency until the authorities come up with a new currency backed by gold. After all the removal of the gold standard in 1971 from the dollar initially caused and is still causing the debt problems resulting in the printing of vast loads of dollars that do not have any real value. The Corona virus is an added distraction causing severe financial problems that as yet we are unable to quantify and as you will be well aware the reaction on the markets does not bode well for the immediate future. We must just sit and wait for the situation to normalise if that is possible. Yours Able!
luckyorange! You must have blinkers on, gold is the only currency you can sensibly buy at the present time. However, I am still all for companies whose share prices fall to ridiculous levels having regard for their balance sheets and unfortunately Versarien is not one of them at the present time due to the weakness of the balance sheet and the ongoing publicity with T.W.
As always, this particular market is something different to what we have previously experienced and, as always being the case which companies will be around that will be worth investing in? I recently sold some shares and subsequent events suggested that the shares were sold too cheap, fast forward and now it looks as though I achieved an excellent price. That's the state of the market for you. The only thing we can be sure of is; Corona virus has caught a lot of investors out and as usual forced selling is taking place. The trick is to spot the companies that can easily ride the storm and whose share prices have fallen disproportionately due to the panic or forced selling.
You have every right to be concerned as there appears to be something of a market meltdown and, before the Corona virus this conditioning was threatening. From my own experience of the past you can not fight a meltdown, you must first let it subside and then be very careful by just dipping your toe in the water. I always found that there was at least two false alarms before the markets got back into their stride. The share price of Versarien is caught up in the current malaise and in my opinion is best left alone for a while until it settles especially as world events seem to have overtaken us.
To get an idea of where the share price should be just watch when Fresnillo starts producing from their new mine later on this year. Production is what dragged the price down and it is production that will drag the price up.
luckyorange! The whole point of being extra careful at this present time is that one does not slip into a chasm that will not allow extrication. What ever happens the worlds markets will still operate with going concern companies, the question is; at what prices and, what companies? Obviously should there be a fallout, prices of all stocks will be seriously affected and I for one would like to be around to pick up the bargains. To me, exercising common sense and caution in today's market is both necessary and justified. I hope you will make your fortune as well as the other posters.
It is much too early to be talking in terms of a share price recovery if we consider the ramifications of the Coronavirus virus. There is now a much greater risk of the world financial situation imploding and, if it does there will be mayhem for all of us and the implications can not be overstated. In my view bargain hunting at the present time should only be conducted with a good solid back up of gold investments that will act as an insurance policy. Versarien will not remain immune to any adversity and is the reason why I did not move in at 50p apart from the undesirable publicity of late.
I have to admit we have a first class team at Ariana and the way that I see things, it was such a shame that they muddied the waters that time ago and, I am quite sure had they waited the shareholders would have been quite happy to have voted through a much enhanced beneficial package. Whatever, it very much looks as though everyone should benefit from the latest arrangements.