Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
It is a current market for bargains, this is one of then and 14p would be very cheap but fears etc seem to be overstated. Happens often in October, it's a very volatile month historically and provides bargains in time for the Santa rally. That's if your trading, in looking to hold these more than a few months so taking rough with smooth here, will come good I have no concern
To achieve a realistic internal rate of return on investment of 10%, a typical new shale project in America requires oil price of $57 a barrel. Jolly, German policy makers generally opposed to stimulus the eurozone needs at the minute but with France being the sick man the easing isn't too far around the corner. Markel has few other PM's that will champion her cause due to economic weakness so ECB will accelerate bond buying over next few months IMHO
You saved me replying with what would have been exactly the same response! Great minds, great post, completely agree that past progress not factored in nor future news priced in. It's clear to see that
It would appear not! Good news getting overshadowed by panicked market and oil price decline at minute. That applies across most oil companies. Rationality will return in good time. Not letting a slump cloud the reason why I brought in here, and I thought at 20p Caza was cheap, at 16p that's just ridiculous, that's after yesterday's top news...!
Hi mate it looks like id missed that then?! Was unexpected to me but a nice surprise. Just like the drop wasn't a surprise this morning, market makers are taking full advantage at the minute
Big buyer mopping the sells up. Again.
Now below placing price after top news yesterday. What's that about
No denying that it's a bear market at present, my opinion is that it won't last long. OPEC meet end of November- in sure they will act. In relation to Caza as you said it doesn't impact hugely, short term maybe but not here for a quick buck. Company is undervalued and that's as near a fact as an opinion will get
I wouldn't rule out a reactionary move from Putin soon, being the most powerful man in the world his actions have consequences globally. As for OPEC it's hard to be polite there but they will cut supply at their next meeting and halt the slide, it's in their interests, just as it is Russian state run oilies and US shale producers. It's hard to see Obama letting go of the southern shale revolution and allowing upheaval for shale companies who operate on tighter margins, just as it's hard to see Putin allowing Russia's principle export weaken. As for OPEC the oligopoly I would imagine it's not too long before they pull their socks up and stop the rot, a lot of Middle East / African wars are run on oil so all ties into a never ending cycle, worldwide. Politics of oil, war and power feed off each other
Was just going to re-post that on here. Food for thought all round. It takes a brave investor to dig heels into the bear market but rewards always come once the bulls are back in charge. Very hard predicting world events but can't see oil sliding much further before a bounce or another geo-political events halts the slide and reverses the trend
Most of the rns was in the public domain, but the acquisition wasn't know? or at least it was news to me! Think the market could take a little while to digest this. Main reason for sideways movement is the seller, once cleared this will naturally life into mid 20's through q4, target 30-32p by year end.
Another 100k buy above full ask, no movement on book even though mm supposed to have 240k shares between them up to 20p.
Big buys earlier did very little and a few piddly sells and mm bring it down. Cheap tactics. Know the game
Malcy is keen. Good write up again, he is our PR man to the wider market. Wouldn't surprise me if he is the block buyer too !!
Nice post, 2000bopd not too far away and shows how well caza is run. One thing though, did you mean 70% upside? (32 - 18.8) / 18.8 = 70.02% Short term upside is around 70% from current levels providing 32p is hit end of q4 / early q1 whenever we get 2000bopd online
100k buyer
Post rec. Succinct summary and investment case only got stronger with today's news. Markets unstable at min but patience will be rewarded. I had a 30p conservative target for Christmas. Which should be revised upwards after today's news. Caza management know the score
1 code for give me a second to get my breath
Mm's been caught with pants down, 103p peppered I think they need a breather!
People have seen wrn and want in here, this has 1.5m in free float though so sky really is the limit!