Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
SjL ..In respect of the $12m of provisions,I can recall you advocating the provisioning of certain debts,specifically .London..In fact at the time ,I believed you had influenced that decision...
The whole point of the past 24hrs is to spook investors ,create an immediate crisis that requires the BOD to act...So far we are seeing a steady drop of sales.athough some of that could be the buy back in operation.
19p ,so would I...but there is a . In front.of that number...making it a joke of an SP
An absolutely fantastic result with a very muted market response..19p on this result, is the biggest joke of a market reaction that I have seen this year.
Agree YHL....This will take years if it happens.Im.more interested to hear on the com pany strategy for the next year..I hope TF will be able to communicate something to us soon
The BOD will know their exact position on this issue of warrants given..If their conviction is that they have nothing to answer for ,they should no engage with SjL...imho.
Excellent news and should see a substantial rerate in the shares...Nothing to stop this hitting .50 in the coming days..
I stand corrected....learn something new every day.
Ah Bloviating....Nice word ,but dosnt exist of course.I rather suspect the BOD feels the same way about your claims ,and hence the lack of response.
I do feel that there is something of the Machiavelle in you SjL..A little good and positive news with a side order of toxicity to stick it to BOD.Simply put,short of following through with your case this is the only place you can get attention ,spook off a few investors and see what that brings?
As I said weeks ago..I suspected the agenda that is
n ow unfolding..You havnt come on here for "our heads up benefit,but merely as the next step in upping the anti..
You are right to say that I dont have the full facts,but given that your stated objection is the provisioning of Chineese debt,and its relation to the warrants,its fair to assume that your objection extends beyond just MMX actions..
It's easy to assume that everything the last team did was dodgy ,but the investigations recently undertaken have confirmed the state of the business.Lets also not forget that we have a strong annuity business here that just needs proper management.Some.will wants paint a dark "lots more pain to come "for their own reasons.
Atb
SjL.said it...Back.of the hand rejection..They see nothing to talk about...This is all about spooking the PIs and forcing the BoD to bend...Just dont play the game...atb
Firstly, there is no such thing as a cast iron warranty,especially if it relies on the actions and good intentions of a third party...
It's not for me to defend any single action ,but it is possible that the third party ,in this case,the Chinese co ran into financial trouble and did not declare it..There are in fact many possible explanations that could be used..I'm.sure.the company in question will provide zero cooperation....Anyway ,I'm not going to conduct a legal arguement...that's for others..
I think TF rejecting your request speaks volumes and does indeed demonstrate that he is his own man...So probably a good man to have as CEO.
I'm not alone in having suspected SjL's motives.Its not a surprise ,and in my view today has been about upping the anti to bring the BOD to bend to his demands.Look at me...I can make trouble for you...so best do as I ask...I'm sure that TF and BOD will be fully aware of where we stand, and will not allow themselves to be manipulated by what is going on today.
Many a man who has "been there and done that "ended up taking a kicling ..Its ego driven and certainly not in the interests of the investors you claim to care for.. Furthermore ,, I'm.sure any decent lawyer would have advised you not to come on here and wind up PI investors ..We.have no win ,no fee lawyers in the UK too...but in reality they will only take a dead cert...Do what you have to SjL.If you thought TF was in your pocket .
Well..I'm pleased.to see he isnt.
SjL has absolutely no chance of winning this kind of case..He will spend years of his life and blow millions trying to reach a burden of proof that is almost impossible ..To his credit,he admits a bruised ego..once he understands the costs and the high burden of proof that he must obtain,I hope a more pragmatic view will prevail...
I honestly wont lose a minutes sleep over any legal case,it will take years....my frustration would be in the delay to an acquirer taking over...and this ,of course, would delay the profitable returns to those SJL says he wants to help..atb...
Absolutely Bakky...A very unwelome intervention today that is pure folly...Properly supported and without distraction, this company can become an attractive proposition...SjL.can only muddy the water and cause delay for us
The warranties are specific to business done in China...To demonstrate that they are bogus or any wrong doing was involved , would involve them.,the Chineese Co ..I can later go into the nature of warranties..but for now...I leave it....
We have all had the **** taken out of us...I cant tell you how many times I was assured about the intentions to pay a dividend...My point to you is ,think before you jump, what is going to restore all our positions...It certainly isnt what you are
contemplating. I feel like a mug too...I trusted TH...
I understand the disappointing nature of SjL.'s posts today will have caused some distress to investors...To be frank,I have been expecting this ,,and at times ,I have felt a little harsh to SjL when accusing him of an agenda...but there we have it..I understand how he feels ,but in my view his thinking and strategy is entirely wrong.
In my view ,he can disrupt and distract from the recovery but he will not win a case that involves contracts relating to a Chinese company .(I.will.go into why this is almost Impossible if and when needed) What he can do is involve us in legal expenses that we will recover from him in the end..
It's a lose and lose situation but his call...
I'm.confident that this business is on the mend and that many of the ideas SJL.has contributed will be implemented...I hope he reflects on this folly,and indeed.i hope he is blowing smoke up MMxs back side...atb
Excuse phone typo's
As always ,you have my respect for tone and content of your posts.You hit the nail on the head in the comparison of our relative positions.We have all been sold a pup by TH and MS in the past few years...do we all visit our lawyers ?.No...We press reset and try to make the most of our situations...
I recently asked ,in a teasing tone,SjL.if his friends money was as important to him as his own....Well can you imagine reading his posts today..
He must do as he wishes ,but it he would better serve his friends by participating in the recovery,a thing else is bruised ego in my view..