Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
currently at 33p the market likes the RNS
Aimtitan, I agree cash payment should be the only way.
This last week has been frustrating.... Need to close above 29.59 for a continuation..... Fingers crossed its our turn to rise
Rusty..... It doesn't say that..... BUT they can if approved...
Rusty... Whilst I agree it is common practice of issuing up to a 1/3rd additional shares, it is what the revenue is to be used for at the cost to the share holder by further dilution which is annoying if the company is seen to be 'cash rich'in the foreseeable future unless the convertibles due in 2022 are to be converted early by the holder(s)....
I just see that potentially milking in progress when the farms making plenty of hey!
Yep Rusty.... Petra pointed that out.
However there is certainly a lack of transparency around why this action is deemed necessary and for what reasons the larger shareholders wanted a complete shakeup of the BOD..... Coupled with an unexplained potential additional share issue..... For what exactly seems to be unknown...
Thanks Petra.... Should wake up fully before typing...
Then they suspect underhand dealings or decisions made that are not in the best interests of all shareholders by the BOD at the time.
to me it seems the ruling is to protect the interests of future transactions/dealings over the coming 3 years which I see as a very positive outcome for PI's..... or am I wrong?
Owls that'll be why the sp had a positive rise.....
Good luck for your future investments
Sorry Sheddy that seemed to appear ignorant but typical typo, apologies
Shoddy.... I expect the judge will be privy to detail and reasoning that we are not, hence maybe a touch of mediation to gain common ground but only assumption on my part
$GOLD Inverted head and shoulders target of $1818 met yesterday evening ($1817.88) then reversed.
Will be very interesting to see where the price goes near term from here.
I just hope POG is able to capitalize on the recent rise.
TLTL.... Your questions/scenario seem very reasonable to myself that should come from any concerned investor regardless of intelligence.
Whilst some may offer only what they see as the company once known they cannot see what the company could become in probability.
Personally and at current I see POG as a risky investment until the full facts with reasoning are known, unfortunately UGC are not disclosing any information surrounding their vote and stance which only adds fuel to speculation, in turn weakening the SP.
I emailed Alexey at UGC on 04th July and again more recently without receiving an acknowledgement.
Whilst POG's fundamentals and business model has turned a corner after the poor performance over the last decade it seems others have been waiting around that corner as a welcoming committee.
UGC may not have bad intentions but have a history of 'taking control' as they put it, however they do invest heavily back to the community in local infrastructure, education and recreation.
PVX.... Please don't be bitter, it sounds awful.
Did you take the opportunity to acquire and accumulate stock in the recent fall.... A fall for which nobody could have predicted not even the charts or the current ousted BOD... Shock, horror :)
I was wrong against the observation of a broadening top in $GOLD which I did state at the time it could go either way (get out clause) but yes I did lean more towards a fall rather than a further high but the broadening top also gave birth to a minor inverted head and shoulders pattern giving a completion target of $1818, we are very close to this price today so will be interesting to see what happens for the continuation to the $1920 area but lets wait to see what develops first.
Timing and caution... I'm like a persistent parasite PVX :)
UpDown... The real reason gold is increasing is down to the increasing lack of confidence towards government, nothing to do with interest rates etc (that is old school thought - It never works this way)....... We should see a switch in the coming 1-2 years from government issued securities to private securities..... Bonds will cease to exist. Miners are a very good leverage, major producers, minor producers, exploration and development in that order is usually the order of rise and reverse is usually the order of decline.
But I think we are all in the right place as long as fundamentals stay strong and loyal to PI's...... There's always someone waiting in the wings to claw wealth..... Greed pure greed but thats what runs the markets.... Greed and fear, supply and demand, risk vs reward blah blah...
Aim.... not looking for credit only profit weather that be intraday or longer.
Sheddy... We are in unprecedented times this is for sure, what I will say is if you are prepared to go long the PM sector including metals will do well in the coming few years, that's practicably a given as long as company fundamentals remain positive. Short/near term always has a different outlook, there will be a correction, has to happen before a continuation but as said this moment in time it appears we are heading into an inversion cycle which is not common at all.
Month ends are important to note hence the change at end of June, caution is warranted though.
BTW..... Did POG's BOD comment that the SP had grown too much when the SP was at 17.9p, can't fully remember the exact comment but wondering if something is amiss with the recent action in dissatisfaction..... for reasons still unknown at present.
PVX.... Nice to hear your continuous drone again....
Well if anyone sold prior to the 30th they'd be in profit with POG compared with today but I never did say sell...
Near term action is (as you know) different to medium and longer term price movement.... Follow the trend.
There's always time for a correction to come, nothing has changed on this front, July is still the turning point for markets, as said the markets could be entering into an inversion cycle so $GOLD might just follow through to August but too early for this continuation to confirm...
Then wev have the elections in the US, at the moment it is in the Demorcrats interest to keep the markets 'healthy' until August then let it go and make Trump appear he is faltering....
As always though, its only an opinion but yep maybe you should have sold prior to the 30th also?
Hi 2227....
I posted on 30/06 regarding spot $GOLD and this is still very much in play...
30 Jun 2020 16:04
RE: Gold Price
Currently trending above last months close updown....
Short term trend has turned bullish which is normally the opposite, last cyclindrical event produced a high indicating moving into a low but this has not happened..... THIS IS BULLISH...
As long as the monthly close is above $1775.80... This will be very bullish up to a target area $1920.00 area but still need to watch the intraday price action during July.
I will look at the resistance near term which should be slightly different to the above, saying that though caution to the wind is still advisable as we may be entering into a inversion cycle which will be very interesting.
So I take it this is what UGC are against as if the convertibles are called before maturity UGC's hold on POG decreases dramatically to bellow half of what it is today, giving less influence on future decision making.....
But who holds the bonds?
It will be interesting if a link or affiliation to UGC can be found...
Well.... In 2015, the family of Suleyman Kerimov acquired 59% of Polyus Gold International .....
The media connect Bonum Capital with the billionaire, senator from Dagestan Suleyman Kerimov. In 2015, RBC sources said that Bonum is affiliated with the investment holding Kerimov "Nafta Moscow". Founder Bonum Aliyev from 2006 to 2013 headed the department of treasury and trading operations "Nafta Moscow"