Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
$32 million sounds very good and eagerly awaiting the outcome of the case. Is there any time scale as to when the verdict will be announced.
Thanks for that info, my average is currently 188 and considering buying again at these prices.
Been invested here since 2009 and averaged down as it tanked. Can't find any news yet it's up12% today, what is going on ? !
Had these since 2009 and averaged down over the years, looks like patience eventually paid off.
UPDATE RE NEW CONVERTIBLE LOAN FACILITY Sunkar (AIM: SKR) announces that, further to the announcement released on 2 April 2014, regarding the Company's financial position, it has raised $1.28 million through the issue of 1,280,000 Convertible Loan Notes of $1 each (the "CLN") to Sun Avenue Partners Corporation ("SAPC"). The funds provided by the issue of the CLN will be used to make the overdue payments on the ACB bank loan and for general working capital requirements. The Directors believe that the CLN will provide sufficient working capital until additional earth moving contracts can be agreed. The CLN is repayable in a single instalment on the earlier of (i) 12 months from the date of issue and (ii) the date on which the Ministry of Industry and New Technologies of the Republic of Kazakhstan ("MINT") exercises its pre-emption rights to acquire the Ordinary Shares which would be issued on conversion of the CLN. Interest will accrue on the CLN at the rate of 10 per cent. per annum. The CLN may only be converted in the event that the MINT waives its rights to acquire the Ordinary Shares arising on conversion of the CLN. The CLN is convertible into a maximum of 34,065,202 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a price of approximately $0.0376 (approximately 2.2p) per share. Conversion would increase SAPC's interest in the Company's share capital as enlarged by the conversion from its current 51.15 per cent. to 55.59 per cent. Related Party Transaction SAPC is a substantial shareholder and accordingly the CLN is a related party transaction under the AIM Rules. With regard to the Company's requirement for further funding, the Directors have considered alternative sources of funding, including bank debt and the issue of equity, and have concluded that such alternatives would not be available to the Company, within the required timeframe, on terms more beneficial than those offered by SAPC. The Directors consider, having consulted with the Company's nominated adviser, Strand Hanson, that the terms of the CLN are fair and reasonable insofar as the Company's shareholders are concerned.
I've never given up on these shares which I've patiently held for several years, it now looks like they are coming good with a bright future while Tony Buckingham leading the way.
The market seems to like the latest statement which is always encouraging.
Tried to convert the 90 billion Tenge into GBP and smoke started coming out of my calculator !
Maybe the buyer who bought 250.000 @ 6.25 on Monday was in the know.
Hope you are right with your gut feeling but we have seen so many spikes in the share price only for it to fall back again followed by a silence.
Much obliged for your diligence beanpole and look forward to the day we all have grins on our faces like the mouse who found the keys to the cheese factory.
Still in here and can't afford to bolt the coarse now, just waiting and hoping.
It's been a long journey since I first bought these in 2010 but I've stayed the course and averaged down albeit with a few jitters. Maybe our time has arrived and our patience will be rewarded. Wishing all other long term holders of SKR the best of luck.
Frank Nelson only joined Lamprell in March this year so this does not look good.
Well that sounds like a man intheknow thank -you. That's the first positive news for a while and if correct we might even find the SP creeping back to 150+
http://www.stockopedia.co.uk/content/lamprell-too-quiet-for-my-liking-76202/
@Runner, yes very odd and disappointing but at least the price has not dropped today.
Surely it's time for some good news.
All the news seems to have dried up lately no wonder the price is looking so depressing.
I wont give up on this one which is just another stock I've had for an age. Just hope I'm around when the good times roll.