Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
The company has made it clear they'd prefer to see warrants exercised as there's a lot of funding available there. They better start pumping the SP!.
Pleased to be first on the new page for this one! No doubt we have an exciting few months/years ahead.
Yes the 1m was clearly a buy if you look at the time stamp and live trades at that time.
Super tight book here and tiny market cap. Check the chart. It shouldn't take much to give it a very big move.
Pretty astonishing they've managed to place over £1m at the current ask, especially as directors have taken around £100k. Really looking forward to seeing this re-list. I understand the book was tight and the company have plenty of news to come.
Probably means it’s a good chance to buy?!
Intriguing RNS today. Take it as you will, but I've read this a few times and thought about it a lot. Sounds like a government insider trying to get in for their slice of the pie? Feels like the settlement is done.
Risk accordingly.
Hi all. If you haven't already, please can you register your votes in favour of the fund raise with the registrar by 10am tomorrow? You may need to contact your broker to gain the form. I think it's important we all get behind Richard with the new direction and the first step is approval of the financing. Thank you!
The RTO was a dead duck. The regulators were having none of it and imo have severely screwed us. Sadly, a fundraise and relist was the only option to truly protect shareholder capital. They've now got a whopping cash balance vs market cap so no doubt there's further chapters to this saga.
I may be wrong, but the FAQs pretty much indicate this deal is going ahead regardless of the listing? I guess they have back up plans for another exchange if AIM continue to play silly b**gers.
I still have faith in the team.
Because they expected the RTO to go ahead just fine but regulators have scuppered that and they weren't certain until recently?
BTW I hope everyone spoke to Richard and expressed their thoughts? That's what he was after. A good idea of general shareholder sentiment.
I don't think we have much option but to sit it out now, wait and hope they can pull a rabbit out the hat?
I can't imagine Truell will let this go without a continued fight. And I guess there are other options, other exchanges etc... ? Richard is keen to ensure maximum shareholder value for himself as well as us.
Just keeping everything crossed here as it's def not dead yet - even if we are no longer listed.
Just to follow on from yesterday, ALL we need is clarity as to whether the admission document is going to be approved by regulators. If it is, but it's slightly after the 20th, then in my view there's no issue. But if we head into de-list with total uncertainty on the RTO then there is of course a huge issue.
Upon re-reading the RNS multiple times I realised that the GM isn't actually to approve any deal. It's to give the BOD the power to alter and go ahead with a deal once the listing has been cancelled. However, from experience, when a company delists from AIM, it is rare it comes back. We NEED to know that the RTO is either confirmed or will be confirmed imminently after 20th. The Nomad is the person who needs to offer advice on whether the revised admission document is likely to be accepted or not. They are the ones we need to be chasing and, if it doesn't look positive, the RTO needs to be cancelled asap to prevent a significant issue upon delist. This is only my view of course, consider your options and let the company know. Richard has asked for shareholder's sentiment. He's a genuine guy. Reach out to him.
Hi Henry, unfortunately the RTO is not finalised as Sabien still don't have regulatory approval for their admission document. If they can get this by 20th then perfect. If not, the listing will be terminated from AIM and personally I don't believe it would be a straightforward process to get it back (unless the RTO is a formality and AIM agree to another short extension). I could be wrong, but that's what my research suggests.
Maybe you missed this part (see below). I think the suggestion is to do the same?
"I will be writing to both Richard and the Nomad to express my personal opinion that if an admission document is not approved by regulators by the 20th OR if both the BOD and Nomad are not confident it goes ahead shortly after, we cancel RTO, raise funds and re-list immediately."
"I've had a lot of conversations today and also had a long conversation with Richard Parris. Firstly, he's a great guy and definitely has shareholders' best interests at heart. However, despite my earlier sentiment, there is a big issue and shareholders need to act quickly.
What we are faced with is an RTO which has funding sorted, assets sorted, a clear and easy route to market but, for whatever reason, the regulators are not happy. I'll let you speculate, but basically the deal is being amended to try and get some sort of approval before 20th.
Now the company is still trading, is (or at least was) profitable and has assets. It's definitely not worthless and is not a shell. There's significant value in the listing. If the RTO doesn't look likely and imminent, it is my view that we need to save the listing.
I will be writing to both Richard and the Nomad to express my personal opinion that if an admission document is not approved by regulators by the 20th OR if both the BOD and Nomad are not confident it goes ahead shortly after, we cancel RTO, raise funds and re-list immediately.
Truell won't let this deal die a death in such a manner. Edi in particular is a character who will not want egg on his face imo. If we can save the listing there's still a decent chance the RTO will occur a little further down the line, once all is finally agreed with regulators."
Yeah what's going on?! Lots of fairly straightforward posts all deleted.
Oldblue1973 - There's no pleasing some people is there? This is no joke, we were looking at a full de-list not so long ago given the regulators opinion of this deal. Now the Sabien board appear to have secured the deal which not only brings the company back to trading but with a monster fundraise at a 70% premium to suspension, which will no doubt be supported by some very shrewd, wealthy investors, and you're unhappy?
I personally believe Sabien are in an excellent position to make the most of a significant shift in market sentiment towards the health and leisure sector again alongside everything green. In my opinion, the 70% premium fundraise is just the start. Expect relist at a higher figure, flip out the stale bulls from pre-suspension, new money in, new direction, let's have it.
I'm very much looking forward to this coming back.
Personally think this has a huge rise at some point. Significant shareholders in higher, huge debt facility war chest allowing potential monster deals, large gap on chart, no discount fundraise (no doubt offered some juicy whispers to get that away). Let's go.