Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
First of all, I deal in facts not maybe's and to keep out of trouble I do not bury my head in the sand as you like to phrase it. Unfortunately you need to be educated on what shorting is really about, it is all about spotting companies that for whatever the reason are heading downhill relative to their share price, the investor takes a position hoping to capitalise just like we do when we bank on a share price rising. I watched T.W in action at the board meeting of Vialogy years ago and the B.O.D were trying to hoodwink the shareholders into believing the company was in a healthy condition. T.W challenged them 3 times over the financial position stating he expected the company to run out of cash in six months. Finally, the B.O.D were forced to agree that he was correct. He has been very successful in spotting companies heading for trouble through misleading statements and fraud and what interest did the F.C.A show, very little or none. Just like you I have an interest in Versarien and I sincerely hope they will do well me included, but I do not kid myself. If one took notice of all the comments that have appeared on this site over the last 12 months the shares would have been 10 times higher than they are today. It begs the question, who are the rampers and who are the derampers?
How on earth can you claim T.W is part of a coordinated shorting team? I suggest that you take a look at the "Woodford" funds and how he exposed them long before the day of reckoning and, if investors had taken notice of him their losses would have been minimal. In addition there have been too many fly by nights who have attempted suing him without any sign of success because quite plainly they were in the wrong. I do not follow T.W and neither do I rubbish him as no one is perfect but, I do take notice on his bearish stance on most companies and I have to say he has at times saved me from investing in a bad situation. Whether he is a failed business man many over does not concern me as there are factors outside of the companies control that actually determine success or failure just like events taking shape world wide at present.
The one main point about T.W whatever one states, is the fact that he is a good company doctor who knows how to strip a balance sheet apart and, anyone who claims differently do not understand what they are talking about. As near as I can make out there is a clash between personalities with Neil refusing to play ball however, T.W has such a record of spotting companies that are doomed to failure that it is not wise to just dismiss his comments. While I do not agree with T.W comments it would be foolish to just ignore his comments out of hand. For instance, just take stock of his recent successes and the losses that investors have had to suffer due to badly run companies and funds and, the action the F.C.A had failed to take. However one looks at the problem T.W is a good insurance and for me is like an early warning system.
Dreams and fantasies drove us to £1.8 plus, followed up with the inevitable decline on the lack of news. Where will we be headed when we receive a statement or statements of fact concerning a order/ orders? After all Xmas approaches and we all know that is Santa time. I don't know about you lot but I would be over the moon with Neil acting as Father Christmas.
Max! I think you would do well to attend the company's A.G.M and address them with your thoughts, at the very least they would confirm or deny any rational you are thinking. It would also make a welcome change to the type of normal proceedings as you would learn whether your thinking is on course or not. I do realise it is highly unlikely but, that is just me dreaming which is not too unusual. Able.
The only reason the share price is being held back and will not resume it's upward trajectory is because no substantial contracts have been announced and the market is only interested in future earnings and prospects. We all know about the prospects but to achieve that end the company must first announce a major order with figures attached. Fortunately we do know the company is not what is termed a basket case and, all that we can look forward to is their results and, hopefully that elusive contract with meaningful figures. Sorry Max! if this is not what you were hoping to read but I do like to keep my feet on the ground as you are able to stay in the game much longer. Yours Able!
What investors need right now is concrete news similar to the news from I.T.M, Power and that would be the only news to propel this share upwards instead of all the drivel that we have had to endure recently. The interesting point about I.T.M. was the length of time that investors had to wait was excruciating however, it seems we have to go through a somewhat similar period before the company can announce similar results. It may be of interest to note that when testing a company's product it can be 2-3 years before testing is completed. After suffering similar time scales with other companies I am not about to give up on Versarien and so I am quite prepared to sit things out. My only problem is getting my timing right in order to rebuild my stake before any major news is announced. Just remember, sometimes the kind of news that that we would like to see sometimes comes without warning and that is the reason I have continued to hold a buffer just in case. Max! my comments are not directed at you. Yours Able!
We have to give the company the benefit of doubt as they will have up to date information that should justify the placing and the reasons for it. The visibility of future earnings growth per share is now of paramount importance combined with the stated hoped for acquisitions . 12 months from now should give us a much clearer picture as the term first mover should have kicked in. After all we now have a profit base to work from and it will become much more difficult to massage the figures.
You must remember some investors are happy to take a small profit and then move on. Fortunately that is the way the market works and hopefully by us biding our time we can make big gains but, we must be mindful of the fact that nothing is guaranteed and those investors taking small profits can turn out to be the winners.
What has become obvious to me is the deluge of posters from the previous dribble and, as everyone seems to be on the ball, makes me think that the soul searching has ceased and that everyone (including me) are now looking forward to a much brighter future. This journey for jubilee has had more than it's share of problems with Colin Bird doing his best to keep morale up to which it now seems that he has at last succeeded. I admit there has been times when I thought we would bite the dust and now we seem to heading for a very bright future when most of the mining sector is struggling. I personally congratulate both Colin & Leon for toughing things out and presenting to us what appears to be a better times arising from what can only be described as looking into the future..
Just maybe we are experiencing the long awaited interest in the company as the share price hit a psychcological level of 7p today, a price that I have not seen for some time. Whatever! it is nice to see the interest being generated.
At last night's presentation at the Chesterfield Hotel I was very impressed by Colin's presentation as he did not seek to justify the reasons for the information he was giving. For instance, he was challenged over some of his figures and he admitted that he had been deliberately a little conservative and had downplayed them somewhat. The impression he left me with is, thank goodness the past is now behind us and we can now start making serious profits in the future. He also spoke of the current state of the mining industry however, he still remains very optimistic for Tijate and seriously believes in it's future. My take on the views that he expounded on was that I totally agreed with him. My only reservation is where the world debt problem is going to lead us and, fortunately Jubilee has such low cost operations they will still be operating when many other companies has disappeared. When I left I noticed that Leon had turned up but had taken no part in the evening's event.
Truro Trader! in this game you never know however, if you are not in you will not get the results that you desire, take I.T.M. Power for instance, what a welcome surprise after all this time, I sold just a few and transplanted the proceeds elsewhere. I am confident that the company will make out for us in a big way, it is just a matter of time. How long? I have no idea but patience is demanded from us and I am happy to go along with that notion. Able.
Max! I hope you were not using a penny black for your calculations. You are very much in error for the following reasons 1. the gold only acts as a security and the dollar while being near worthless has no security. 2. When dealing in yuan the gold acts as security and in consequence the Chinese keep their gold.
3. For what ever the reason should the Chinese default you would find that any gold coming on to the market would be very quickly adsorbed, especially in today's uncertain times. 4. America got rid of their gold standard years ago at great cost to themselves and, it is highly likely that they will be forced to readopt it.
I am afraid our friend president Trump is trying to run America's economy like his own business empire with dreadful consequences. Deeper in debt than ever before, surely not a good recipe. Yours Able!
Morbox! If only things were that simple, my take is world events are dictating share prices and, now I hear on the Kitco web site the chinese will soon be backing their yuan with gold (20,000 tonnes) and what value the dollar then if that happens? I guess the only action we can take is to sensibly spread our risks as best we can and, I think we should include gold in our portfolios. The junior gold mining space (producers) offers some attractions due to low market caps and I think that will all change when gold hits a higher value bringing about change. Just to remember it is all a gamble. I hope that I don't seem to be on a soap box. Best wishes Able.
My experience to date tells me you are wrong to assume you can do better elsewhere, yes! short term you can prove anything within reason however, with the passage of time and provided the company pursues growth as at present the inherent value will be locked in and sooner or later some big fish will either make a takeover or take a substantial stake and bingo, in a flash you will experience multiples of the present price creating above average returns. Remember the adage, the grass always seem greener on the other side. Best of luck whatever you decide. I too held I.T.M Power for a very lengthy period adding many times to get the price right but can now rest easy hopefully? Able.
It is high time that we should have better than expected news, perhaps we may have some just before Jubilee's presentation at the Chesterfield next Thursday. I shall be in attendance hoping to acquire some extra news if possible, the only disappointment at the moment is that it sounds as if Leon will not be there.
You are expecting too much to soon as the big money will not go into small companies while so much uncertainty is around. When the market turns T.P. G will act like a coiled spring, very similar to I.T.M Power when they announced their tie up with Linde a major international company. One will have noticed the smart money had already been moving in prior to the announcement with more following. The only reason for such a rise was the fact that linde bought in and possesses a huge international reputation. Keep the faith Max and eventually you or your next of kin will be well rewarded. Apparently the big institutions are buying gold and eventually the proceeds will find alternative investments and, this is the way it has always been. Yours Able.
Well said Max and 100% correct and, your analysis covers the whole spectrum of go go shares. It is a fact that numerous shares in the past have promised so much and delivered so little however, the set up with Versarien since inception has been much different and gives them a fighting chance and like you state, I am hanging on to my remaining shares for the golden fleece, after all they stand me in at no cost. Able
The shares are only being shorted because the investors see downside to the shares due to the lack of positive news and, will not change until substantial earnings are reported or a major contract is announced. There are companies albeit a few that are seeing much better share prices due to their news announcements and, I am in no doubt that Versarien is well aware of this state of affairs.
Remember, it is fact and not fiction that will promote the share price and all we can do in the meantime is to sit and await the company news flow.