Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
226 for Wednesday close? GLA
Is predicted to keep rising - can't see how this will be as good for BARC although apparently May is primarily seeking a longer negotiating period from the election win so the advantage of a softer Brexit may offset this! Hope Stayley survives to deliver a great report on Thursday.
This is also down of course because Staley is still under investigation for his witch hunt of a whistleblower and the City don't like the idea of him having to stand down.
Sterling dropping nicely at the moment - would be wary of a Friday sell off however as too much uncertainty around in geo-political at present IMO.
I'm presuming its because BARC has a large income from USD and the swing in the currency was quite large - BARC seems to always overreact to these things.
Have we found one? Seems to be bouncing off a firm bottom! - Does anyone know why sterling has jumped against USD? Can't find a rational reason for it other than the election but that doesn't make sense to me! This is why BARC IS subdued at moment.
Did very well! Just need sterling to back off these ludicrous highs!
I'm still confident of 260 for my August sale of Barc - 5 mins look at the histograms for this share will tell you what it does in terms of dips and then sharp rises even when times are good - which I think they will be increasingly through 2017-18 especially 2018. Measures to curb consumer credit will be punitive as usual and inflation will rise quickly - big profits will roll in. I managed to sell a large chunk in the mid 220s but still have 60% of my buys from 138-170. If the Dow collapses because of N Korea we may see a bounce off 190 or 200 IMO GLA Hoping Stayley doesn't have to resign however!
Sorry didn't realise there was a word limit! fox Sorry forgot an important point for IMG investors, if my prediction for the confusion regarding the timing of this technology announcement by Apple is indeed correct and designed to plicate the Trump administration's calls for Apple and Tim Cook to bring these technology jobs back to America. then Apple has been forced by a political imperative to act much earlier in making this announcement than they were ready for and before they have completed their own GPU technology, which could explain the long two year timeline for dropping IMG GPU technology and refusal to show any proof to back up these claims, which in turn might be the proof some cleaver city investors have been looking for that Apple has in fact been bluffing all along and do plan a hostile takeover? Join the dots, and it could mean a takeover by Apple is still be on the cards?
Borrowed from Techno fox on III I think he is dead right - read the following - I haven't copied it all but you'll get the gist of what he's saying... 'Whilst some might see this as insightful given no one else had even mentioned this warning before or linked a trump victory with serious problems ahead, still like most on this board even i did not think Trumps America First policy would force Tim Cook and Apple into this desperate course of action, i like many were taken by surprise by the really bad timing of this just before one of the most important iphone launches in the history of Apple, the timing of which was even more surprising, since TIM Cook and Apple risked undermining the very GPU technology inside this new Iphone 8 anniversary launch, this timing issue to me shines a new light into what is really going in at Apple, D Trump during his election campaign signaled one company and its leader out, Tim Cook and Apple were attacked for not manufacturing the Iphone in America but also not building them with US technology supplied by American workers, it was the most important one of the most important and effective parts of his election campaign, i confess i expected a hostile takeover attempt by Apple for IMG as a result of this, however it seems Apple was working on using its own technology in the background any way, this is why i believe Apple was forced maybe years ahead of being ready to make this announcement, Tim Cook Needs to show and prove to D Trump that Apple is serious about bringing Jobs and technology back to the states and so this announcement was made ahead of Apple being ready for it? If i am right this will mean other companies will also be affected by this panic by Tim Cook and Apple, however the important point to take from this is that these moves might not be technology driven but be politically driven by D Trump and his America first tough stance? These events also go to show any GPU manufacturing division set up by Apple in the UK would indeed have a very short shelf life indeed. So is IMG the very first victim of D trumps America first policy, well yes i appsolutely 100 percent do, do i believe other companies around the world who supply Apple should expect the exact same thing to happen to them you bet i do, as soon as they can re-engineer their technology in house they will be history. So we are now seeing exactly what D Trumps America first really means, think pirates, and i thought what Obama and the Americans did to BP was bad? Extract from won of my previous posts on this board on the implications for Apple and Tim Cook on IMG should D Trump win the US election and TECHNO FOX How quickly everyone forgot Trump promise to bring Apple IPhone manufacturing back to the US, He has also stated he wanted them to use American technology throughout these devices? this Trump win now gives Apple a huge problem Tim Cook like most other OEM's did not expect Trump to win an
The full article gives a very good picture I think of what can happen if Apple decide they want to absorbe you regardless of patents or IP and steal your hard work - or at least try! ' Without income from Apple, the company’s most likely future is a break-up and a sale. UBS estimates that Imagination will still need 11 cents per device sold from Apple if it is to break even. Lawyers and analysts suggest a deal is a realistic option. “There’s a lot of tech in this company, a lot of patents and capabilities,” says one person close to Imagination. Apple held takeover talks over a year ago before walking away and, on one uncharitable reading of the situation, the company has slashed the company’s value in order to secure a knock-down price. A sale to China, which is putting billions into semiconductor firms like Imagination, is more likely. Coming after other foreign takeovers of fellow chip designers ARM and CSR, another sale would lead to renewed soul searching in the industry. It would be an unhappy final chapter for yet another one of Britain’s tech jewels. ' I wonder where the first offer will come from? GLA
Yes it's BRAND newly designed and marketed products - not its legacy products!
IMG IP is within many Apple products iPhones, computers, watches, TVs even first fix IOT - so they're not going to give 65m every year for IMG to 'do nothing' but reap the royalties! That's a good business move but you need to have in place an alternative set of designs (created from scratch) and patents (non pending!) so Apple will be paying IMG after these next two years at a diminishing amount but definitely still paying! They say they've been developing alternate Designs to PowerVR for five years(?) even if they have a better design (very debatable) they need a set of brand new products before they stop paying IMG! A big payoff is on the way say £200m to buy out IP legacy - in the meantime IMG make new partners - who weren't interested when Apple were pulling the strings (which they've already done). This could even end up better than a 'disaster'. GLA
They can't just design out the IP using ex employees! It would have to be bought out - big sum of money - IMG IP is watertight - granted they don't have the money for a fight but the law is the law. As I've said I think Apple want IMG to come grovelling to the table! They treated Qualcomm the same and are still in a fight with them.
The city has decided this is worth 100p as it dropped to immediately - they are no more right than you or me until there is news - my suspicion is that this isn't the last we'll hear from Apple and their next move will be a bit more conciliatory as I truly think as much as their move was obviously considered, its a retaliation to IMG not playing ball with Apple's attempts to purchase IMG last year - casting their vast shadow. I think there's a large payment coming but it will take a while to arrive. Need to wait for more news - IMG aren't sunk they're doing very well on other fronts.
A lot of you guys called this much better than me - well done if you did - I'm 90% out - made 5k - was looking at 15k profit last night! - not sure where this will end - undoubtedly very volatile until news - I;m still convinced this is too low a SP even given the present loss of revenue - Apple just want IMG around the table.
Think it needs a dip in order to rebound strongly! Luckily sold nearly half last week as it looked like a grind down. Prepared to buy back at perhaps 210 Ish. Pumped a fair bit into IMG technologies where I used to work, after Apple 'say' they'll stop using some of it's tech - they've since gone up 20-30%. I'm not advocating a buy - it's just that the boo boys are in over there i.e. day traders who missed out on a large rise! I think it just might have another 20% in it. GLA
I liked that little rise of the 4pm low - still going up tomorrow IMHO - GLA
If your a day or swing trader - Apple have made a terrible opening gambit here - wait until IMG CEO speaks.
Hang on to this for at least this week. :)