Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Alxo yes the pipeline was closed by a court order but if you read ZPHR's RNS of 7-6-22 you'll have seen this:
"Dominion has made public its plans to refurbish and expand the natural gas infrastructure running across Zephyr's acreage, and is expected to be available to accept gas volumes from Zephyr's wells in 2023"
So there is a physical refurbishment exercise as well as a paperwork one.
As for being unhappy about a lack of communication from CH, how the wind changes! It was only recently he was being pilloried for being too effusive which got him in to trouble when timescales slipped due to factors beyond their control.
Alxo, remember that the 'export' pipeline was closed for refurbishment, that's why this is important, it signifies that the refurbishment work must be near completion too as they intend to supply Green River by year end.
Yes the 16-2 link is important and there's no change there.
Also key will be the refurbishment contract for the processing plant which we're awaiting too.
It's the same pipeline that we'll be exporting gas through.
NEPA Status:
Completed - Completed
Boom, now to get connected to it.
As we know, production equals pipeline connections. Although we await the mix from 36-2 which may change things.
Ho hum, back to sleep.
a sea of red in the rest of the market... ;-)
today....;-)
Heck! It feels like there's been more trades today than in the previous month!
What occurred??
13 issued on completion of the 25% part of the deal, other 26 due when refurbishment contract signed, as per RNS 21st December.
Oh well, back to sleep then :-(
The last time they issued that statement at 5pm.... the very next morning they announced stage one of the deal to purchase the last 25% of Paradox.
The next stage of the deal involving the issue of share capital is the refurbishment contract for the Gas processing plant.
Over 50 and can't be bothered anymore?
Sit back, take the cash and back seat drive..
I was impressed by Crowe's grasp of the financials in all the presentations on Proactive and having an angler in the top seat should help.
Over 50 and can't be bothered anymore?
Sit back, take the cash and back seat drive..
I was impressed by Crowe's grasp of the financials in all the presentations on Proactive and having an angler in the top seat should help.
Cash has gone from £15m in Jan 21 to £14m now, in other words there are trading cycles too, to take into account.
Considering over that time they have opened 7 new stores (300k inv each plus stock?), a Euro distribution centre (plus at least £2m stock for it) and temporarily increased UK stock to overcome supply chain issues, I think the cash management here has been much, much better than usual. You see far more Co's splurging when they have spare dosh.
Re Margins, the figures are all there to see and the growth of their own brand seems to be giving them that ability to compete.
Things certainly look to be stablising nicely.
It's important to remember that despite the recent negative sentiment, the Covid times have actually accelerated this Co's developemt hugely.
Euro break-even forecast @ £16m by 2026, a big ask/drag/investment. Re-emerging growth in target countries where new facilities have solved post brexit issues will be key. Likely accelerated by small single digit £m bricks and mortar aquisitions at some point in the next couple of years.
I watched the last couple of years of Proactive vids last week and have to say the CFO Crowe impresses despite him looking like a figety teen when not speaking! I'd love to see him get some skin in the game.
RE FWD - Stores flat but adding 3-4 a yr at £1m turnover each. Online returned to growth H2 and £14m more than enough to see plans to fruition with a surplus.
My sentiment positive at these prices.
Place your bets...
Last guidance from the Board:
The Board is confident that revenue and pre-IFRS 16 EBITDA for the year ending 31 January 2023 will be not less than £73.8m and £2.2m respectively
Along with approx £14m cash guidance.
Seekin, you're commenting on technicalities that you have no working experience to compare with.
If you have even the slightest suspician that a company is lying to you, then you should move on immediately, and yet you stay, trying to 'prove' that they.re lying or at minimum trying to undermine standardised reporting proceddures.
The mind boggles.
"Testing operations at the State 16-2 LN-CC well were interrupted for a significant period in December and January due to weather. The well is back online and testing has once again resumed."
Full note: https://wp-zephyr-energy-2020.s3.eu-west-2.amazonaws.com/media/2023/02/Auctus-15.02.23.pdf
Lol Chesh!
LOL grumpypants