Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Poorinvestor - This was 100% a Covid share when it saw the highs of 7p earlier in the year and many of us were suckered in. Now it's an R+D company, with a 4 year time frame before we see might see anything material. That's what I've taken way from the latest RNS anyway.
I've been reading others' posts, but rarely post my own. It looks to me that COVID and the lockdowns fueled a flurry of activity in the stock market, and particulary the AIM market. COVID stocks were particularly hyped up. The reality is that it's hard to make a business work, and this was a rollercoaster ride earlier in the year based on speculation alone. Unfortunately many of us were caught out, and are heavily underwater, including me. Luckily I've diversified so I've gains elsewhere, namely in crypto, but all my AIM stocks are down heavily. The key with these AIM socks is to sell on gains of 30% and buy when it's retraced. Hanging on in blind hope is not the way. Yes, there are some stocks which go up multi-bag based on fundamentals e.g Novacyt and Greatland Gold, but most do not. I don't blame the directors. In most cases they want their businesses to work. Mostly it's our own fault for being greedy and not taking profits when they do rattle up.
*hope
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210122:nRSV5938Ma&default-theme=true
By the looks of it we will be waiting a lot longer for something to happen here. I am holding on to my little punt, but have started to lose that a mind-blowing RNS will land anytime soon.
@Prof - Wasn't meaning you, really appreciate your valuable additions to this board.
@Hypermarlin - Your insight serves you well!
I'm new to this investing game. From being 60% up, I'm now in the red. I'm holding tight, and what will be will be. But I will learn a lesson from this - If a share rattles up on no news, it will come down, so I will trim in future. I am also mindful of the antics of seemingly very intelligent posters, who ramp up a share day after day with well researched posts, but then suddenly go quiet. If you look at their posting history they've moved onto a new share which is their new flavour of the month, I guess having sold their previous holding. Don't be fooled by posters talking about long term potential and then being in a share short term. I won't name names but it won't take you long if you look at the posts from late December / early January. My own fault, but as I say I will learn from this!
I don't think Paul Ryan has warrants left, only options unless he participated in the recent placing. So is he still able to exercise his options after leaving the company?
It's not in the FCA's interest for bitcoin to be a success. I also read that HSBC is not going to accept transfer of money from crypto wallets. They can't regulate bitcoin itself, but they can regulate the users of it. Expect more institutions to follow suit. But there are some very wealthy people touting its success. Raoul Pal sold all his gold and invested heavily in it if he's to be believed. Max Keiser is predicting a bitcoin price of 220,000 USD per bitcoin in 2021 after calling a 20,000 USD price correctly at the end of 2020. It's about risk vs reward, and and it makes up some of my portfolio just because of the potential upside.
Not sure where you're looking Monkey but it's currently over 25K and seems to me to have found good support. No doubt about it, it ran up a little too quickly - The gradient became a lot steeper on around 5th Jan and people are taking profits. We saw the same in silver in July / August.
For the newbies on here, can someone explain the court case please? Is there some news which I can't find today which has caused the drop, or has it just run up a bit too quickly on no news? Thanks in advance!
It's been a few weeks since the last RNS, so not a lot of time in my book. There's no question in my mind that big things are happening with Volz and getting production started behind the scenes, and I'd rather have a meaningful RNS with concrete production / order numbers than something half-baked. Also the probability that we're all wrong and that the COVID is going away in the next few months with the vaccines is very remote imo. Don't confuse day traders throwing their money into airlines / cinema / cruise stocks on positive vaccine news with any meaningful recovery. As for the gold price going down, we were in a bull market before COVID came along, and COVID's just adding fuel to the fire. Will all the money printing going on and inflation risk the precious metals are only going higher.
Seems the copper layer is in these marks, one of which is disposable like P2F's:
https://www.israel21c.org/7-israeli-mask-and-face-shield-solutions-for-coronavirus/
Mikey - What if the sold shares of BRH, DB and PR were bought by Volz? Wouldn't that make Volz and Dr Cave majority shareholders?
For me, the risk is that we wake up on Monday to find that Volz has bought the shares of BRH and the director that sold and that their stake together with Dr Cave makes up more than 50% of the company, and together they've brought Pharm2Farm under the control of Volz. I hope this doesn't happen but I don't know enough to know whether I'm worrying unnecessarily.
@sanlorenzo Why would this stock be affected by a Biden victory as it's not listed on the US stock market and mines in the Phillipines? Also, if the Democrats are against mining in general where will they get the silver for their solar panels / electric panels for the green revolution?