Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Aye up duck how's it going?
I thought ECR would have taken the wooden spoon award this week but UFO saved the best for last. 😂
Of course Max will be delighted as the number of shares in circulation will be at an ATH.
They end up going2moon!
It definately will, but under what company.
The clock is ticking and every other potential suitor knows it.
+1 tacet. Had the privilege of being guest to a well respected family in Bologna. Completely different to the tourist pish. And the balsamico from the old houses in Modena, words cannot describe.
My first post in this board in the last 6 months or so and told 'enough already'. Don't be so sensitive me mukka.
Can I have the crisp please, Pebsi. OMI was another glorious pump.
The assets are world class here, shame they can't get the right people in to materialise it.
Just had my old alert set off on my watch list from when I first bought my UFO shares back in 2020... Set an alert for 5% under my breakeven. 2m mcap at the time when I bought them, now valued at £17m mcap. Wow
If you have followed this since August I won't bore you with the overview of the assets and the VSA brokers note with a price target of 20p based on 1 Selva well and current El Romeral production.
However my take on it is this:
1) multi drill well programme across both Italian and Spanish assets in place and time lined. (some of which larger than the current well due to be monetised in Selva)
2) Future works and programmes to be fully funded by current assets and no dilution to shareholders. (£730k raised by warrants recently also)
3) Boards ability to deliver and close deals of which are accretive to the bottom line through acquisition and asset optimisation. (last CLN raise was excellently negotiated in a climate where there were a lot of abysmal placings in the AIM market)
4) CEO who clearly understands market mechanics and has a strong past proving up sub 10m mcap companies to 100m mcap+. He has cleared all of the 20+ million warrants during the share price quadding in 2022 with placings attached.
5) Very tight share register. This is a major point. Unlike most AIM stories full of people shafting each other on twitter for 20%. Pumping the share while selling out. There is little being sold of the 280 odd million shares are held. When no one sells... The price can only go 1 way. TR1s were even increasing holdings in the 10p+ zone. A lot of people are holding for fair value after rerating.
6) Warrego bidding war. 2 big players involved with an interest in gas assets. Don't forget Tesorillo is factored in at 0p. Over 2 TCF onshore low CAPEX opportunity - Awaiting permit approval.
Gas security isn't going away anytime soon. The assets under PXEN's hold will become more valuable for many years. And interesting to see commodity behemoths moving into energy / gas.
The number of shares I've held in the past with amazing assets but a **** CEO or board who couldn't monetise them / or destroyed sentiment with poor placings and excessive dilution with warrants attached.
For me it's just a case of holding and letting the board do what they have done multiple times before. All in my opinion, or course.
TR1 was Ryan Mee who is a CEO of Fulcrum metals and is raising money for an IPO this month. So selling for personal reasons.
SpAr, take a look at the partners of PXEN and what is currently happening with them.
I suppose so however it depends on your time frame.
We haven't even started monetising the safe,
proven resources in Selva yet.
It's naturally re-rating to where it should be in my opinion. Get your tickets and wait for the show to begin.
Safe onshore, no debt, solid business plan. It won't attract the punters but looks to be attracting investors who have been building positions over the last 12-18 months.
If we don't get permits soon and it drops, get some more in there before they do land. Nothing has fundamentally, so my money stays put. Has served me well and stopped me making irrational decisions!
No buying and 100k / 50k block sells going through which look like warrants.
Who is the experienced CEO?
We can't influence it can we Abz? But we can make the best of a bad situation that someone has thrown to us.
Why not seize any opportunity to make money based on idiots selling over a short sighted event?
It's going to get a lot worse out there next year when inflation really bites...
Just dropping by and seeing what the score is in here.
Agree with smiller, he shouldn't even be considering the Mexican assets at this moment. A lot of upfront capital required to unlock the potential.
Needs to focus on the quickest route to producing assets for shareholder value. DSO and EH.
Taken a position again here today.
Happy with the changes within the company and at this level this there is very little downside, especially if Mark can deliver.
Shares look to have been traded from retail to TR 1s down to circa 2.5p.
One to buy and hold. Patience will be rewarded here but we will know very quickly where this will go when Mark starts putting his stamp on it.
That aside, the mechanics of the share look good. The main inflection point will be the collaboration with the TR1's and Mark. If they can work well together I we will be on a winner from here. (and why wouldn't they? Significant amount of money invested and that's what we are here for, right.)
I still casually gloss over this board, ultimately sold out after my disappointment in how the LO short was handled my MH.
Don't see any imminent issues at this price point but I feel ECHO need to take advantage of the macroeconomic conditions on the PR front.
Can anyone explain how is calling Irishtown a clown ******? This has me confused.
If they are intending to create shareholder value why should they care about the regards of other shareholders? Unless one likes to see value destruction.
Up until the recent TR-1s this was a lifestyle affair.
I'm sure he also said implicitly :
Tom, don't be a bar steward 8)
Yep, good weekend to all here aswell. Setting higher lows so all is remaining good.
This really is disappointing to see from Martin Hull.
I expected much more. The silence is deafening.
Feel sorry for you, Loch.
Does appear like you are being rendered. There's a lot of emotional comments on this BB.
Try not to let emotions get in the way of your investments. Also, it's O.K to be invested and have a disagreement because you believe something has been mismanaged.
CB has a lot of work to do to bring sentiment back to the share. All in good time, but he needs solid drill results to back it up.