Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I pointed out the trading zone last week or so, it’s gonna remain within it and as mank pointed out, once the impatient/bored holders have given up theirs cheaply there’ll be a spike back up to incentivise more activity.
Redeye i was typing out my post while yours went live so only just read it. I believe we’re thinking along the same lines…my figures do however match up with sha***d.
I still believe there’s a decent amount of churn left and the makers will create a market soon for them to offload, be that a random spike or off the back of imminent news is anyones guess.
My figures match up pretty much exactly the same as yours sh***ed (nice name lol).
They took the placing, essentially buying for the same reason as us, to make a profit.
They’ve sold some early, recouping some of the cash used in the placing and will continue to do so until they’ve recouped the fronted money, once they’ve banked that it’ll be interesting to see what they do with the remaining 20% or so shares they’ll have for free.
Getting through a churn of 30 million shares is no joke, especially for a ‘binary bet’ of a share that is GCM with historically low/average trading volume, it’s a massive gamble to take for 10-15% profits…
Given we had these guys and plenty of others interested in taking up the placing, you know they’ve been given more info on current happenings with the company than us pi’s (we’re usually the last to know) - anyone who thinks ‘market sensitive info’ isn’t subtly or blatantly presented to financiers is playing ignorant.
To conclude, nobody is throwing away 2m into a company in Bangla that’s never turned a profit, unless they are 100% certain of returns…have a think about it guys.
There’s no comparable alternative to Phulbari for the amount of coal, in the time it’ll take to produce.
The buck stops with us boys, you can be certain of it.
Mm’s filling background orders - record breaking volume month on month for GCM since the new year, moving the price up & down like a yo yo, non of it’ll matter when the market gets wind of approval…until then, we wait. GLA!
It’s a free board, say what you like.
Filter option really is your friend as I’ve recently found out!
We are on the cusp of a major breakthrough, 20 years in the making..55 million invested by GCM to get us this far with feasibility studies etc, ‘someone’ taken more than 15% of the company having accumulated since beginning of Feb, 1 billion pound agreement recently signed with a fortune top 500 company (place 104), bangla in desperate need of the coal, a hundred billion $ asset with money to be made as coal is mined (17 billion $ worth) - I believe is a stipulation before approval ensuring funding is readily available, govt has nowhere else to turn!
Hawk hopefully that is rampy enough for you 😉 it’s the truth!! Anyone that doesn’t agree feel free to filter me!
Now let’s get this churn out the way so we can start moving back up!
Like others, daily moves don’t matter to me (although we all prefer blue over red). Clearly something is going on in the background with humongous trades like we’ve never seen before on GCM (1.1m delayed print yesterday and one for over 4m the other day, amongst others) let them play out and we’ll be good to go.
Fair enough redeye. My filter list is limited to professional at the minute, will add both to it, spare the rest of you.
Final note, Duster was the same person claiming 10k (100k block buys) were ‘nothing’ and only a few days earlier on another bb claimed ‘money is moving in’ after one measly 5k buy….and that the share will double that week (it’s down 20% since!). I remember him now lol!
Jamess you delivered? Lol
That’s like the pizza guy turning up a week late and claiming he’s delivered.
What ever happened to the 3-1 placing?? You were forecasting 700 million shares to hit the market at 2p then we had 33m issued at 6.5p raising 2m smackers!!
You really are a joker in the pack 😂 10/10 for entertainment value you bring here, i’ll give you that much!
A question was asked at the AGM re whether market will be notified on submittal - we were told not, the project is that big, the first we would hear about the outcome would be via a GOVT entity breaking it to the bangla press.
Chances are it’s already with the gov and we get news early next month imo.
James it’s taken almost 4 weeks of posting for you to find a somewhat balanced post (half of it i barely understand lol)…given you comment here each day, doesn’t that speak volumes?
My point being, say what you like but please don’t lecture others who have a difference in opinion. You’ve really no room to talk.
Our buyer continues to add, 2x 100,000 blocks on the bell this morning…when will it stop? Not until after approval imo. Follow the dillies boys! GL
The market requires a more definitive answer, we’ve already had Nasrul talk Phulbari and open pit mining in the recent past. Given how long we’ve waited, you don’t blame them.
It does however feel like we’re edging ever closer by the day! GLA