Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
@dshox I have already done that. i was invested here but got out in autumn last year having seen absolutely nothing to indicate the company had any sort of cohesive, investable forward plan. It doesn't own the IP and hasn't garnered any significant sales since the tech was finished last spring. I am happy with that decision. All the best to you though.
I just hope others don't get carried away with this share.
@dshox Am absolutely fine with people having another view. Thats the way the world works.
Can I ask you , what it is you are investing in though? There has been no indication from CTEA about their forward plan, how they will grow the company and what they are trying to achieve, no targets etc. Sounds not so much a risk, more of a complete shot in the dark. The lack of comms from them is not great for a PI. As a mature investor myself, that's not the best way to make money. Just wondering why you might see that as a plus? What am I missing?
Sorry but if the SP is dependent on the rumour of a possible BBC interview maybe, then something is wrong. This company is not telling its investors about how it intends to grow the business, no strategy, no vision and to date, no sales. Pump and Dump brigade are just filling in the gaps with hopes and dreams.
There's a global pandemic and a company with an immunity passport solution can't get traction? a mythical BBC interview won't help much if the board are not capable of selling.
Interesting thought. I dont think they would though, as that kind of funding could not be seen as having a material effect on the SP. It's kind of 'everyday business'.
Would be nice to see it mentioned though as a driver for growth.
That’s exactly what happens. It’s not an online sale. It’s not for all companies. You get in touch. They talk you through it. Lawyers, accountants and IT need to be involved so it’s not just a click away. This is perfectly normal.
@pinkpotato
I saw it a while before making the ‘top fallers’ list after a huge drop. I read up about the proposition and thought it was a decent idea. I kept an eye on it and bought in as soon as the Middle East RNS was published and a week later it rocketed.
The year end figures are due this month. This will be for the previous financial year and as such will not show huge revenues. SYME was a pre-revenue start-up for most of last financial year. To avoid the negative sentiment caused by a SP price drop, I think AZ will release the name of the Investment bank at the same time. Preceeding that he will drip feed some news about regional activity.
Just my thoughts. Could be wrong obviously but that's the way I would handle it.
@justahobby
We are making the same point but you see the negatives whereas I see the drip feeding of this type of announcement as laying the groundwork for establishing SYME as having a global network. It’s true that these agreements don’t represent revenue in themselves but they do demonstrate an appetite from key markets for this service.
These announcements as individual statements are not much but when he releases a few together then ties them up with the SH and funder news, then it’s time to fly.
Just thinking out loud here: AZ knows the biggest problem so far has been presenting SYME as a credible global finance co. He has seen one off RNS’s that had good news in them wither on the vine.
Now that we are ‘ready to fly’ he has to grab the attention of bigger global investors and the way to do that is have a series of positive milestone RNS’s covering each geography. Today was UAE and I suspect over next 10 days we will see news about progress in other regions ending with the first SH securitisation RNS. He has to daisy-chain these to have the impact he needs.
Here’s the link so you can get a bit more context
https://lenovofinancialservicesmeta.com/
100% agree Tomee. Have said this for a while. Good idea, good product and a global pandemic and yet the team at CTEA have yet to capitalise. a dearth of forward strategy and sporadic RNS's just scream that its a typical AIM cash grab. Where are the sales?
Cheers shaa. I'm not bitter and am sure there is a short term rise in store, but experience has taught me that when the board are dismissive of PI's, then bad things happen eventually. As you say I could be wrong but I have to go with what I know and am never going to regret following my instinct as much as I would regret not following it.
GLA. Hope Art makes it up to you.
Am all for the optimism but every time there is a positive with this company, Art cancels it out with a massive placing. He is the only one making money out of this at the moment and his disregard for PI's is a BAD sign for the future 'investability' of this share.
I'm sure this will rise but in the long term there will be much pain for PI's. I'm out.
Hey extrader. I'm not going to give you any hassle for raising these questions. I think the board needs some objective discussions and your contributions always spark debate. This 'new wheel' does indeed need poked and prodded. That's not necessarily deramping and is of value (yo me at least), however if you are not invested and you don't intend to invest, people are naturally going to question your motives Some of your Q's are clearly the result of detailed research which is to be applauded, but can I ask why you are spending so much time on this forensic scrutiny for a share you dont like? I don't mean that in an aggressive way, i am really intrigued by your motivations. Would love to know.