Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
You’re not wrong there. This stock is going to make a lot of ordinary PIs very wealthy. The gash generation is insane at over €2m profit per day at current prices, and it’s not even winter yet. The time to load up is now.
There’s no point trying to apply normal investment logic to this stock. History has proven it is quite simply a cyclical pump and dump stock as we have seen many times (and brom has confirmed he trades the hype). If you can avoid the regular swathes of dilution, and time entry just right then there’s a few quid to be made during silly/drilling season before the sp normally implodes. I’m quite certain 88E will never, ever produce any meaningful volumes oil from their leases. The likes of Premier Oil were so underwhelmed last time out they literally relinquished their % in Icewine for nothing. Now magical figures come out quoting 80% odd CoS, have to be daft as a brush to believe the jam after so many failed wells. Just play the buy low/sell high game and earn a few pounds - don’t sink ur life savings in chasing the ever dangling carrot… and never stay in for the duster result!
AIMO DYOR
What a pity MF and the other useless directors at SQZ couldn’t find a happy middle ground with AA to form a monster of a company on happy terms for all holders. Guess it explains exactly why they were in this situation to start with, GLA
I’d be more than happy to receive a split of cash and of course shares in the new bigger and better company. Don’t forget AA did 42x returns on Rockrose. The new entity would be a monster and have enough cash flowing in to become a FTSE250 company. I’m sorry but recent performance has indicated that MF doesn’t have the minerals to take SQZ to the heights that I anticipate AA would, the guy is a proven deal maker. I just hope they reach a ‘fair’ agreement!
One thing to consider is that the NE drill is more than likely to fail than it is to succeed. A duster could see the SP take a significant hit here (if only temporarily at least!), but if KISTs sp continues to increase it could make a revised offer look all the sweeter for a lot of major SQZ holders.
Yeah he came across very well. I got the impression that the next assays from the lower lode are going to be bonanza grades, based off the visual appearance of the cores retrieved on site
At the investor meeting Neil referenced the fact he believes there are up to 7 stacked lodes in our acreage down to 700m, of which the last set of drilling tagged the second lode which we are awaiting the assays for. Great results on the horizon here
Correct. It’s still very early in the journey here but it looks like they’ve got a very valuable asset. Current mcap of £18m - my conservative target is £50m-£80m mcap by the end of stage 2/3 drilling this year if the mineralisation continues during the step out wells. Still open along strike and dip… exciting times and plenty of running room.
Remember Coffey in the south of the tenement where drilling is currently focused (and the initial JORC resource was assigned) is also only 1 of 3 leads on the license. There is one in the NW and NE which showed the same type of EM anomalies.
GLA
Important thing to note is that these amazing results are only from only 1 of 3 gold anomalies identified on the licence. The JORC targets are going to be obliterated here. Sit and wait
Incredible
Whatever happened to the 4 billion barrels of oil at Icewine 2? Brushed under the carpet swiftly by good old duster Dave.
My personal favourite was the ‘no oil - oil - actually no oil’ episode at Winx with red emperor
Closely followed by ‘we’ve made a discovery at Merlin, but the tool conveniently broke so we will raise a bunch of cash and drill somewhere else next season’ saga which has been compounded with another duster here at Merlin 2.
Perhaps the stranded condensate at Charlie or 150bopd from Umiat will become commercial if oil hits 300$ a barrel?
Still, despite all the disasters the company is valued at a staggering £127m market cap, with a new crop of US based bag holders. Rinse and repeat next year for a bit more ‘nearology’ based hyperbole from PANRs results at Talitha, a cash raise, and another duster.
How many posts will resident rampers ddraig and bumbard have by then??