Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Thought the same thing VCB2, but figure in the end that it must be a buy. That order will have been filled throughout the day, and we had a low of 1.19 so it is feasible it could have been filled for an average of 1.279. Also if that had been a sell, I think the price would have tanked, and it in the end we were up quite nicely yesterday.
@minermate - Where did you find the info about the trading update date? If it is tomorrow, could the drop today be from people opening shorts in anticipation of bad results?
IMO Slalom, this stock has good medium term potential. I don't think the price at the moment reflects the potential if MOU's convert to contracts, and as and when money starts rolling in from current projects. I don't love mindless ramping, but Doc certainly has an agenda of his own - it's not hard to see that. If you are on the sidelines thinking about getting in, then I'd do some additional research, that doesn't take into account people with views on either extreme.
Good luck whatever you decide :)
Hi Slalom,
It was a reference to their financials not his working there. And being the full annual report its pretty conclusive.
Regarding his position there, I believe he was commercial director. He's in a number of links online with that, but heres a pdf containing his name and details as commercial director of Covanta
http://www.quantumpr.co.uk/downloads/Covanta_news_Issue_13_PRINT.pdf
Hi Slalom, here is the link its easy enough to find:
http://s21.q4cdn.com/710767749/files/doc_financials/4Q17/Covanta-Annual-Report-2017-Final.pdf
Page 32
I can buy 3 mil, but they want 1.29 which is a bit of a steep premium. Either way good luck Troughseeker, personally I think you've made the right choice. I'd buy back in, in chunks to prevent a premium from the MM's. If you can get back in below 1.1 you'll have done quite nicely.
@wjgdg, I did expect that the price would stay pretty much the same if it was announced that the funding was back on track. The dilution for the financing always meant that a steep rise was never on the cards. For me it has always been about converting the MOU's into contracts, or reaching a point of profitability on existing contracts. Once those pieces fall into place the share price should really climb. In some of those pieces should fall into place this year, if you believe the previous RNS's. You've just got to be in it to win it.
I'm not sure it is that good an update for them. All it really says is that they are planning on lowering costs, restructuring debt, and hopefully acquiring a new loan from an investment bank. Given that the market expected funds in the bank with Black Toro on board a week ago, I think this is being met with reasonable scepticism. Luckily other than there will be no cheap financing to Eqtec, it doesn't really make much difference to us.
Hi Palmer, the sell was a buy. Because it was delayed and the way LSE report buy/sell, it got reported as a sell. A buy is determined if the price is over the mid point, and if you check the bid/ask at the time of the trade it was over the mid point and would have been reported as a buy.
Hi Loc, there is always a premium for large trades on a low volume stock. I can buy £5k at 14.25. Might be best to do what Jambon said and just break your trade into smaller trades. You'll just have to pay your broker commission on each one.
I can buy £50k @ 15.05. I'm on IG. Might just be your platform
ok so without knowing the particulars, because Digibyte hasn't replied, a bit of digging around suggests that the main cause of concern is Origen Captial having an officer called Ruslan Mestoyev as part of their makeup. He has a seemingly sketchy history. However, he doesn't have a controlling interest in Origen Captial, and I can't see how this has anything particular to do with the new loan issued to Eqtec. So in summary, I can't really see what the fuss is about.