Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Ferret. Last seen about 12:30 today. Last known position, short. :-) :-)
"PMO - saw ARCM closed some of its short but minimal" ... just to avoid any confusion by that statement, ARCM short now stands at 6.21%.
Sandman68, that would normally be a fair summary / guess. However, this particular circumstance is somewhat unique as the shares will be used to close, part of, one of the largest shorts ever. Assuming ARCM decide to close the remaining short and oil stays within these type of realms (or even goes up!!), there is reason to be hopeful of gains.
Whilst this is by no means a guarantee, and there will be ups and downs along the way (with the resident muppets, of which there are many these days, calling their own books), the longer term prospects remain more positive than they have been for some time.
Do not take this as advice or trust anyone on these Boards , myself included; go with you gut / own analysis and the, increasingly few, decent bits of information you can find.
ATB.
Down, I have no idea, but would love the same logic applied to you on the PMO board here. Whilst all these Boards can be frequented by 'characters' (shorters, those talking their own position, the lonely et al) I find that you, without any doubt, are the biggest waste of space ever ...and on any Board which I have ever read or frequented.
Beerbull, re-read what I noted yesterday. If you have been in PMO (or even just followed it) over the years, you would have seen all this many times before. A couple of years ago now, it was basically locked at a price for months (convertible bond debacle et al). IMHO, this is all about the proposed RI now and, unless oil really rockets and is maintained, it won't (unfortunately) change.
I'm in no rush and it also gets rid of the day trade brigade (both rampers and de-rampers!!). A much quieter and better Board in general terms these days.
I've changed my trading style too as of late. I've kept my tried and tested long term approach, but also now dabble in some 'day trading' (not PMO, other stocks) ...easy with a few quid, but harder with larger amounts. Having said that, paid for a few beers over the past 9 weeks (correction, will pay for a few when the pubs re-open lol)
Ferret, "this is a bull market rally off the back of injected liquidity...", can't say I disagree with you per se, but what have the past 12 years been?!! The whole thing is one big ponzi scheme / pack of cards (look at America's now, almost un-serviceable, debt and our own come to that), but that doesn't mean any collapse is imminent yet or in the near future. I have no doubt that it has to come at some point, but these things, like the virus, occur when you least expect it!!
On a side note, as it were, the amount of planes flying over my house yesterday was incredible; we normally have 1 a week yet yesterday must have been 20. Someone is going somewhere .... don't know who or where from, but flying they are.
Anyone here still remember the VWAP days (SK I know you do !!) ...feels like it all over again and the (potential) RI being around the 30p mark I would hazard a guess?!! On the plus side, for the newer holders and members (now there's a name from the past lol), even in those times the SP did break through on a number of occasions ...knocked back with reasonable speed, but broke all the same.
GLA.
Beerbull (gosh how I miss the pub!! ..sorry, I digress lol).
As I await to be shot down by a certain other poster on a different Board (!!), let's just say my 'solution' begins with the last letter of the alphabet lol :-). I very much doubt if I am the first person to think of it, and there may be many reasons why not, but it's a possible perhaps(?). Who knows ... atb.
Grippa, you are not able to tell me or anyone else as you have no idea (nor does anyone else!!) of how a RI could take place at present.
BP and Premier could, however, come to a different agreement which, assuming Premier win the appeal, would allow them to extend the debt maturity. I can think of one possible 'solution', so let's see how things pan out!!!
Grippa, it can't happen based on their short. They will, however, have a massive seat at the table should they win the Appeal as they are, by far, the largest single debt holder; this is what they what!!
...and please explain to me a rights issue at the current SP? - really interested how that would work!!!
Grippa, please explain how ARCM can take part in a rights issue based on a short? ...they have sold the shares (which they have loaned), they do not have them!!
BTW, the short (as explained many, many times before by others on here) is an insurance policy for them against the Bonds which they own. They do not need to close and, moreover, will not close at this point (not negating, of course, any very unlikely form of action from our useless FCA).
As SK said a few days ago, it's about the jobs for people now. I mean it when I say that and going to stop posting for a while.
Good health everyone and hope we can all get back to a level of normality asap.
You do realise that some of those big players flooding in are lending out their positions to the shorters? .. that's why you have seen a simultaneous increase in shorts. GS is especially the one to watch on that front.
Suggest you also look at PMOs Bond prices.
Whilst PMO have a lot going for them, the waters ahead are more than stormy for a good while yet IMHO.
Jezz, I missed out on a job there ...I could have said they a while back.
$41.50 target anytime in the next year still on DBNO?!!
Ok, this is getting silly and serious now. Don't want to be a doomster, but things will kick-off on a social level if this continues.
Under the new French decree to stay at home, coming into effect shortly at 12:00 local time (11:00 GMT) on Tuesday, citizens will need to justify their movements.
A form has been created which they should carry when out and about, and on which the reasons for travel can be ticked. They are:
Commuting to work where working at home is not possible
Trips to authorised shops for necessities
Travel for health reasons
Travel for urgent family reasons, to help the vulnerable or for childcare
Brief trips close to home for exercise on an individual basis and/or to exercise pets
Andy, nice answer ..and, yes you did in fairness. Didn't reply to the initial as normal though I note!!
To answer you however, at present, it would be madness and you would know my view on that from previous comments I have made here. Having said that, once past the SoA then ... !
As not to keep doing this (and I think I may not be able to see all on the other Board?), I will try and join over the next day or so. If I do, please can you get rid of the nutter on there that you seem to have INHERITED (I think by that you know which one!!)
Wow, Andy you have detailed a lot ... and the past couple of times you have referred to PMO as a "two bob outfit"; almost seems like you have a personal issue with them, rather than just trying to help the misguided investor?!
Anyhow, to paraphrase your own comment from a month or so ago and in reply to this evenings "..Tomorrow the company will have to convince the Scottish Judge that it was fair to exclude the amortised creditors from the SoA and that the creditors were given fair and reliable information to base their vote on", I believe that you stated that you had no doubt that the SoA would pass. Have you now changed your mind or have recent events with regard CV and the oil price spat materially altered what PMO undertook? Remember, this is a technical challenge, not current state of play; sure that you are more than aware of that though.
BTW, I try not to correct spelling et al as the keyboard can be a funny old thing but, just for future reference (and so you don't try and make it up again as it's now happened twice!! ;-) ), it's manoeuvre and not maneuver.
Kind of like old times - night!!
Down, you didn't have a date for that target anyway, so not ambitious over the next weeks, months or years!!