Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Yes. It’s guessing. On guessing. The ASX. Off for an ‘appropriate time.’ I have difficulty in thinking of a more ‘appropriate time.’
As against that, the prospectus or info sheet alternative, something like that, might be viewed as wanting for a new listing without being more to date, to include the FS.
I have no reason to doubt the viability of the project by the way. Just bearing the cost of getting there. I have always thought that could be done with CLN’s, kicking at least some of the cost down the road, perhaps with Wyloo picking up a bigger slice later through conversion.
The question of price is not only for Newmont. Greatland, their advisors, and funders, will have to consider how to go about it, what can reasonably be done to support it prior to income, until FCF, to satisfy development and acquisition costs. Whatever the gold price and thoughts about that.
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I find the gold price interesting. I look prices up at least weekly. Because I have money in an unhedged producer. Similarly PM and Strategic Metals, though that one will not be producing for a few months, and then only initially at minimal capacity. Price affects the ability to raise cash if required. One must try to look ahead, long term as well as short unless trading is your thing. And all mining has its pit-holes.
Corporate action(s) here, which is what this is actually all about, may dictate a confirmation or resetting of holders’ relative positions, with long term obvious benefit arising from FCF and subsequent accretion. Nothing is nailed on.
Despite what Ortex may or may not say, I think, though it cannot be proved, ‘shorts’ at this stage are being confused with sells. There’s effectively no open short position to track, the one showing only at a tiny %. And it has already sold.
I think some look for boogiemen to blame when there’s none to be found.
Housing data rather disappointing today. So not surprised in the red. Not out of kilter wth markets generally.
I wouldn’t call them rubbish. You can quote one or more of them from the last few days if you like, to secure the point you’re looking for. If you really want to play those games between us. I’m content to leave it there. So your move - if you want.