Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I anticipate Mystic Mac (I googled the name as you suggested and it came up with a fraud case for a pump and dump LOL) will have disappeared in a week after his rampathon and a lot of confused naive punters will be left holding a rather expensive baby.
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My prediction - the current SFS horizon will be a duster with mainly frac fluid/water returned and perhaps minor amounts/traces of oil.
Attention will turn to the second flow test of SMD-B which will overrun and have to be postponed, citing it looks ‘encouraging’ and they will return next year. Lipstick comments will include solid pressure build up and trace oil proving a working hydrocarbon system is present etc etc
A few more cash raises to keep the gravy train going and go again next year.
7k BOPD is exceptional! AETs management really know how to improve these assets both operationally and environmentally as demonstrated over the last year. Not to mention the reserves replacement which has been achieved to date - so much running room in these assets.
Looking forward to final closure of Azule which is edging closer with the latest approvals, and clearly more deals in the pipeline! A steal at £87m mcap - Strong BUY
Cash is running low, negotiations will be from a position of weakness.
Some holders anticipating a miraculous buyout or licensing deal. This the AIM and the likelihood is a discounted placing imo. Target placing price 75p to give another 12 months runway I suspect.
UK O&G is finished. Labour are already talking of retrospective ‘proper’ windfall tax which will be backdated. SQZ has a long to way drop from here unfortunately - should’ve merged with Kistos when they had the chance but instead it seems MF has egg on his chin and ran away into the sunset.
MW93 - There may be oil present but it’s a tight reservoir and very unlikely to flow in quantities high enough to render it commercial. There is a huge difference between a contingent resource and proven reserves my friend.