Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
The MMs are throwing through large trades on the mid-price again!
Revenue must be at record levels now with all those products and 26m users!!
Yeah. All of a sudden starting to see some volume late in the day.
WTF !! Just updated itself to a 6m trade! Never seen that happen before! Something getting cleared today!
Large 3.5m trade gone through at 1.50! Straight down the middle. No idea which way that one goes as not enough volume today. Price has not fallen away though so must have been worked through already.
Guess they don't want to do that if they are trying to fill a large buy order around 1.55?
Why are the MMs so keen to hold off buyers today? Yet they do not seem to be getting many sellers either so has just got stuck. Clearly they need shares but don't know where to get them from! Not sure how this moves from here. Maybe a tree-shake to get things moving?
Even today alone we have seen lots of new improvements to generate more revenue which is a great plus for the business and fully expecting staff costs to have been reduced behind the scenes as well so that Q3 prediction is likely worst case. Expect us to acquire a new business that will actually reduce our cash burn by cutting out the 3rd party costs. Plenty of room for growth here.
Looks like the MMs need sellers! Hence the long negative posts. Will take it as a positive!
That will likely kick a few more sellers in to fill the big buy orders!
I still think they are working a trade through at 1.55 and have been for a couple of days. Be interesting to see if it prints when we break out of that level.
Assume the appointment of a new broker is to help our new fund? Timing so close to the TR1 makes me think they are likely the broker that has helped the fund to acquire 5.2% of the company to date. With this news I am expecting them to increase that holding as well as the introduction of many new buyers from their connections as well from today!
Very interesting increase in newsflow. Feels like something big is coming and they are tidying things up behind the scenes! Exciting.
Yeah, looking like we are nearly clear of the overhang that has held this back, so expect that will be printed in about an hour!
Yeah, expecting another TR1 later today to say they are over 6%. That would account for the 4m we can judge has gone through. Could be another large 6m in the pipeline as well to get them to 7%?
Breaking 1.55p is the key here! Has been the resistance point and once gone I think 3.1p is the next one!
Feels like they are trying to fill another big buy at this level before pushing this up! Maybe the last 4m shares to get them to 6% at price around 1.5p. Once filled this goes off on a long run!
Yup. They only need to buy another 4m shares to trigger another RNS!
demark - If Tencent wanted to invest then 3-5p would make sense. At this stage in the companies growth accepting anything at 3-5p level for a full takeover is nothing short of stupid and undervaluing everything they have built and future worth of the business.. dyor
Don't know how that RNS has caught out the MMs they are stuck now! Can only go one way once they push this up! Surprised this did not come at 7am but now the MMS have to try and price it in mid-market!