Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I would imagine most have bought recently based on future prospects. Government putting in £70m alone!
It’s trading at peanuts already and a few legacy issues in light of the new contract pale into insignificance.
New debt facility is key at £150-200m - HUGE vote of confidence.
Surely the valuation is built on the £1.6bn contract more than anything. And the increase in debt finance to £150-200m is the key part?
The rest is noise, we knew Harl was in a challenging market and it’s still an improvement on last year.
Sits at just £35m!
Smashing it - 1820. Looking forward to that resource upgrade!
I cannot imagine this is on many people's radar but having spent a few weeks digging, I really rate its chances of seeing a pound plus, next year.
Due more news before year end on fund II close (and hopefully the opening of Jupiter III fund).
I’d imagine the 32p doesn’t include indicated resources at WK or any new finds elsewhere.
Certainly a lot of value at 9.5p in my view.
What broker note are you referring to, please?
Slide 19 tells us that we are waiting on 4 direct investment judgements and 2 fund investments.
A further 6 fund investments are due final hearings within 6 months.
And this presentation is from 20th September (so that's 3 months gone already)
27 months is the current average time to complete a case in 11 years or 24 months to maturity of investment (slide 14 in the latest presso).
We currently have 86 3rd party funded and 33 co invested cases in the 25-36 month stage.
The 3rd party funded represents a large part of our capital under management.
As a result we have A$72m pending result (25-36 month stage).
We still have A$54m of our co-funded in the 49+ month stage!