Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Who Fort? Where are SOLG going to magic a whole new BoD from at a time they're trying to re-present Cascabel to the market and push on with government approvals?
By letting Twigger and Clare go SolGold are now a stranded buffalo out in the serengetti. Is a hungry pride going to cross our path or will we be left as finger food for the vultures sat up high?
Hmmm.
I'm more than implying it Fort.
You've called it stinkingly wrong all along, until now.
It has nothing to do with my own personal investment decisions, which you are using to conveniently deflect from your own pathetic commentary.
You should be apologising to a lot of people for your awful fantasy and ramps over the last few years - but we all know you won't.
Eloro - sorry wasn't saying Fort had sold. It's his business if he has.
It was just a bit of a running joke as he was on record numerous times accusing me.
I hear that he wants Scott to deliver. We all do. And I belive he should be given one more year from this AGM.
Today's report by Argonaut a nice independent reminder of what we have.
Agree Dug. We have to remember that Vulpes are a fund and therefore he's holding money for clients. That leaves him exposed to the controls and measures you mention.
Happy for market to sell the news off though as another bargain opportunity will present itself.
OBD clearly pushing on methodically and meticulously. Looking forward to the next trading update to get a feel for where we are.
Add - he has basically sat in his highchair for the last 18 months whilst others pointed out some of the issues he raises today.
I'm sure the right half-honourable Fortissimo now recognises that the outlook for the company is based on what lies immediately ahead and that is approvals from the government and a PFS optimisation that puts Cascabel back on the map.
Maybe he "took advantage" let all his shares go at 12p and is now trying to paint a picture of a car crash in the hope he can buy back at 5 or 6.
Good luck to him. Plenty close to the action saying plenty to indicate SOLG has made great strides and the market is yet to recognise it.
Good to see the penny has finally dropped for you Fort.
But 8p is hardly the price to be a permabear.
Time to see the value proposition for what it is, assuming management is getting it right now.
Let BHP push on with Oz. Jiangxi are at the wheel and could be about to seal the great recovery for their nation as far as resources are concerned.
Fulmar - the elephant for me is that I didn't think the funds to Unico would be sufficient to cover what Arc might want to do over the coming months.
F79 responded with some valid points which I accepted. I'll leave it to play out and see what the company does.
But ac123's post at 18:17 is also a fair one.
It's not about "getting researched" whenever you don't agree with someone. It's about being able to see things objectively. Good luck and ATB.
Thanks F79.
I appreciate some bulls are wary of detractors and Arc has had it's share but when we experience the fiasco that that you and I did with another company over the road in Botswana the mentality becomes question everything.
F79 - appreciate the explanation but that's why I caveated with maybe not initially.
So Seis/Fulmar and Co - you're happy that this $3.5m is going to fully sustain Arc going forwards, or at least until the next instalment?
Grenade
Unico holds 30% of the JV company. Unico is 67% Arc and 33% Kopara.
So Arc has a 67% interest in the 30%.
But the point I'm trying to make is that Unico will likely needs funds to contribute towards the JV (maybe not initially but at some point). So in the meantime, how does Arc pay the bills?
NvS is saying no raise and I suppose that's the golden ticket right now.
I agree it's not complicated F79 but it's just something will have to work around.
It would have been better if the JV was under say, Arc Zambia, wholly owned subsidiary of Arc, but I appreciate that's not the company structure.
Because technically Fulmar, the funds don't all belong to Arc. They're 2/3 owned by Arc 1/3 the other shareholder of Unico.
It's just simple group/subsidiary dynamics.
If they took the funds to the local Wrigleys factory I suspect they'd be hell to pay.
The elephant is funds. The JV payments go to Unico Minerals Ltd who are not fully owned by Arc and therefore Arc will be restricted in terms of what they can use those funds for.
It's all well and good we're ready to rumble in the Zambian outback but we still need working capital to sustain us through the drilling programmes.
The shares to creditors is a good example of the situation but it brings with it a downside.
Don't expect everyone to agree and that's fine. If you don't, save the abuse.