Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Quite agree with you Faramog. We have been in this 'groundhog week' situation for too long now. Market perception, coupled with the general depression over Covid, seems to me to be the main issue as a couple of other Vanadium outfits (Largo and First Vanadium) are moving up and even Australian Vanadium is beginning to look like a filly in the starting gate. In a recent interview I saw FM gave the impression he is getting fed up too; but if anyone can fix it ........
As usual, no one at FCA would take any notice if you did. All they are good for is bullying a few IFAs - I'm not an IFA in case this is taken as sour grapes; just an observation based on years of experience.
Why not?
Does anyone think they are being forced to take the brakes off ? - this is being allowed to move by degrees and I get the feeling they are hanging on to the back bumper with their toes dragging along the road
No doubt someone can correct me but I don't recall a sustained rise throughout the day happening for a very long time. Hope this doesn't flop - or get pushed - back tomorrow.
GLA
Thanks for that.
Nice to see we held on to the rise today. Mid afternoon looked like it was going to dwindle away again.
Who knows what tomorrow will bring.
Part of Largo's problem is that they are currently hamstrung by their off-take agreement with Glencore which obliges them to re-measure trade receivables and the re-measurements have not been in their favour of late. I believe this expires fairly soon so they, like us, will only be left to deal with Vanadium price (and possibly dodgy MMs).
I'm another LTH for the record.
GLA
So the big day has come and the crooks are still running the SP. Forget the FCA (does that stand for 'Fat Chance of Action' by the way? - although I would love to be made to eat my words). But am I down hearted - no. This is going to find its true level sooner or later for one of two reasons - (1) Institutional investors begin to take it seriously and then the MM's will have to start finding large quantities of shares - or (2) Fortune will turn his attention to the issue - JSE listing or a dividend for instance - or given his track record some other ingenious solution. Among other things, he too is a shareholder so I don't imagine from a personal perspective he is overjoyed with the current situation - although it does continue to give PIs the chance to buy shares at a bargain price - which he might be/have been content to let it roll along for a while to broaden the shareholder base - but I don't think he will want to let this continue indefinitely.
GLA
Thanks for that. I suppose it leaves them another week to fiddle the price.
Presumably yesterday's and today's what I will call price-fixing is to (a) help Vaneck over the line and (b) let the MM's stock up for the big news due on 31/10. It will be a good thing when we get JSE listing which will hopefully put an end to these practices.
Manipulated to hell - and what do we hear or see from the FCA? Sweet FA
Perhaps a bit of subtle protectionism here? Australian Vanadium are looking to do the VFRB thing but aren't there yet. Maybe the standard will change in due course?
It's not obvious from your post whether you are aware or not, of a Canadian co - First Vanadium - who are working up a Vanadium operation in the US.
regards
Nice to hear we don't have to fight with both hands behind our back.
If the shares can be sold in the (soon to be, I believe) JSE listing then the outlay should only be short-term?
I wrote at 15.27 before I had looked at the trades - assuming the list is reliable it looks like someone is throwing down the gauntlet in the last hour.
Perhaps just the fact that the directors have the loaded gun will prove sufficient to any prudent shorter?
GLA
pb940 - sorted - have spoken to II and they have pressed a button and i will henceforth receive prompts. Thanks for the heads-up
Have you been through any particular registration process with II? - i received no e-m on 5/6 and I looked in vain under Portfolio etc as you mention before contacting them.
My shares are with II and there is no corporate action highlighted for BMN so I rang them and voted - simples.
GLA