Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Serious question. Can you tell that from L2 or is that an assumption based on trades?
I understand the bots are in control but expect the ranging to jump from higher lows and highest highs (80s) over the next few weeks.
There’s no doubt Zimbabwe is a basket case. That’s the only worry for me. Unpredictable and unstable. We need a tie in with the Chinese as they carry so much clout. I’ve averaged down twice. I said sub 5p and everyone jumped down my throat. I should have had conviction in my own opinions. Bad times for CGO. Let’s hope something comes soon.
It means we’re selling the coal for less than it’s worth, with little or no profit, whichever way you spin it. We need the second 10k to make any money, by if the buyer wants batteries, they’ll stump up for the plant, and we’ll pay back in coal.
There’s no doubt we are heading to production, but 10k p/m is off take repayments. Not sure if there’s anything left in the pot for costs. If we manage to get to 20k p/m we’re making money and servicing debt. The way I understand it is the extra 10k can possibly be turned into coke batteries, which there is demand for, and higher margins, possibly this is where where the mou comes in. The buyer may have to stump up for the coke battery manufacturing plant as part of another off take agreement, so whilst we would be moving forward, it will create more debt. Whilst O appreciate the ceo recently stating this is a 30p share, I can’t see that until we’re a couple of years into production.
The plus side and hopefully the good side is once we are in production true long term buyers may jump in. I’m new here relatively and already miffed with missed deadlines, but I’m hoping for around 8/9p as soon as we rns first sales rising to 12/13p once everyone has sliced, swapped, bought in or sold out. From there, it will all be down to monthly reports.
Let’s just pray the outside chance of a placing to pay for the machinery doesn’t happen, or we’re stuck here for a few years! Only my opinion, sorry if it sounds cautious, it’s how I see it.
Yep, it’s a tad grim all round at present, it’s anyones guess where coal prices will head. I was hoping for news this week, even just a progress report! Down around 20% or so, not too worried, just getting impatient.
It’s probably about time now to buy in. Can see the SP ranging between 1.4/1.6 for the next couple of weeks as a few take the cream off the top. Once, and if we get decent gas flow in around five or six weeks, mid to high 2’s will be a formality. Then another reshuffle as people start to look at the next avenue of income.
I’ve got a ton of work to do on the house. The deal stinks for me, too much obfuscation. I’m out by the skin of my teeth. Good luck everyone.
Deferred payments, but if fully paid equates to 12p+.
A few will be disappointed, most I suspect happy if all commitments are met. Not sure about the time line. Anyone able to decipher the news into layman’s terms with bullet points?
Mind, we’ll over a billion extra shares added since then, so 2.72 on speculation less 25% or so is about 2p, then factor the position we’re now in, 2.7/3p is probably a realistic short term target if ST is successful.