Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Just been reading the posts about the 300% loss.
How can someone be down 300%!!! It does not happen (at least not on a proper investment. i.e not spread betting). Going up 300% is not the same as being down 300%. It does not happen for simple maths.
If you invested say £500 and it went up to £1000 you would have made 100% gain. Agreed? If that investment then went to zero you have only lost 100% of the amount you invested so you would not be down 200% . Agreed?
Shorting or spread betting is different.
Get the maths right please. Just an observation.
I am going to wait and see where this is going as if it does fall I cannot see it going sub 10p unless there is bad news on the horizon.
I can see possibly 10p mid price if little activity and the SP just drifts - which is back to the levels when I first bought around 9 months or so ago but if optimism picks up and activities increase with adequate news flow then we may not see this level and it will be nearer 20p + as per Mickey1122 post. Truth is who knows?
The SP is clearly on one route and that is down. At present there does not appear to be any support - and this is from reading the charts. The price goes slightly up then sinks.
In all honesty I am incredibly disappointed in the performance of the share and indeed wonder if we will ever see the 20’s again let alone the 30’s.
My last top up was today but, at the rate of the fall currently seen, I cannot see the bottom in sight.
I have a glimmer of hope and still invested but like others (for now at least) this is going in the bottom drawer.
GLA.
Morning all
The share price is flat this morning as it closed higher than the closing price stated on LSE on Friday hence it showing as up.
For what it’s worth I believe that all the market is factoring in is BHUKIA at the moment - nothing else. I only say this because on the run up to the last hearing it went up quite a lot and is fairly identicle (albeit new high) to the last rise before.
As a gentle reminder the market does not like bad news and as I’m sure most of us have seen it all before on other stocks. I am hoping that the next hearing will be the last on this long drawn out affair but if it is not then it MAY follow the same pattern as before.
I am a LTH here and intend to see it out.
Sre85
I was taking the mcap etc into consideration in my projection re SP movement and the low amount of free float. If the news flow is good and frequent (as the MD seems to imply in the latest proactive presentation for 2021) then we should get there I feel.
As Mickey said (and I mentioned previously in my posts) we have several projects so, dependent on the resource potential of these projects, then (if good and the market is impressed) we should see a steady upward momentum from here.
All IMO.
Let's get to 55-60p first which I think is achievable BUT only if there is a flow of good news.
The market does not like bad news and will punish this share (and others) if it follows.
55p is achievable within 6 months but there needs to be CLEAR focus from the company and expectations met. If 55p is met then the next area I would say should be around 60-65p mark. No where near a pound but small steps needed as well as meeting expectations.
GLA.
My take is that if the sellers are not there then stock is effectively (in my view) in short supply so they drop the price to try and get more stock ie: liquidity.
If you look at the pattern over the last few trading days there are a lot more buys than sells so the MM's have to try and get stock from somewhere in order to create a market. Some investors panic and sell.
All IMO.
My sentiments exactly.
Stuartc410 - Your posts are somewhat contradictory and on this basis I assume you do not hold a position despite earlier in your posting history (not that long ago I would add) that you were going to invest? Either you are or you're not? I assume you're not.
For what its worth, I see this this as a long term hold and adding when I can. Nothing goes up in a straight line and there are often corrections along the way which as an investor one has to expect.
GLA
The interim results say the following:-
· Received cash proceeds of US$190,000 as part consideration pursuant to the agreement with Moydow.
· Received proceeds of £96,078 from the conversion of 1,438,289 unlisted warrants at £0.0668 per warrant.
· The Company has received commitments for the conversion of a further 2,137,990 warrants for £142,818 on or before 15 January 2021.