Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Ok, so GS transferred half of its shares to another holding with the same beneficiary. A TR1 was issued and now both holdings have a share below 3%. But were these shares traded through the market? If so, they might be done by now, but it makes you wonder why they did so. If not, the mystery of the big seller remains.
What's this? Last week we had the confirmation that GS has reduced it's shares until at least the 11th of September and now you're saying GS might not be the selling party and might be 'just transferring their shareholding to another holding' according to 'numerous informed resources'? Please inform us.
GS is destroying its investment, so there's the *******s. Perhaps a little more PR could save the day. It's good there will be news on this special share and the potential to go further down is limited. It will always be a vanadium mine delivering more vanadium every year till we reach 8400 MtV, so there you have your peace of mind investment. Will it drop to 7p? I don't know, but even if you bought or will buy at 15p, you would be doing great. Little ramping can't hurt or just a little. Good Night!
We don't know why GS is selling. It might be a change of course: they decided to disinvest and take their losses. But the selling coincides with the situation of Duferco having an interest in a low SP. It might be far fetched, but I am sure there can be made a calculation in which both would benefit. To be clear: I think the SP at the moment is far below fair value.