Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Shares follow the market.
This is part of an index, the way these shares are valued depend on things like interest rates and expected yields on bonds. It’s dictated by the shades beta and while an exploratory miner will have a very low beta, it still has one thus it will tend to move in line with the market - but very weak is this relationship.
Flip it round to understand. If we had a 2008 crash this share would be sub 0.2p. It works the other way too.
Yet, mines get built in Russia and PIs have made money. Lots of it.
Yes, Russia is very corrupt. I have a history with Russia and it is indeed very corrupt. It’s what a long period of socialism does. If nobody owns anything, nobody cares for anything like it was there own.
If there’s no link between profit and work, then you do what you can to get by. You can’t erase this kind of thinking. It exists anywhere there is centrally planned governments.
Anyway, the reason the SP is low is the same reason the profits are potentially massive. Risk . Lots of it.
When people talk about Putin being a gangster etc they don’t realise it’s actually his “lot” who are trying to NOT continue this corruption. To most Russians, Putin is the Tony Blair - the modern, business minded guy.
Russia is an enormous, ungovernable country. There is only one way to manage it and that’s very ruthlessly. You can’t apply western logic to it. That’s the issue we have understanding it, and you never fully will as a westerner.
In addition MD - news just in RNS:
A pigeon has broken in to the air duct on level 2 of the Amur HQ portacabin. Vlad the maintenance man has freed said pigeon and is currently feeding him a little borsh and bread while taking the odd nip of vodka. The company, AMC holdings, have therefore in recognition of this excellent opportunity decided to place a further 1BN shares.
Boldly go - I agree I wanted more but don’t we have over 1.5 billion shares issued?
£500M would be a lot for an explorer selling a mine. I thought they seem to usually get sold for 200M ish.
To get the mythical pound party then they would be needing to pay 1.5+ billion, that is nonsense money surely for our project?
If you can convince me otherwise I would gladly hope but I just don’t see this selling for that. There’s obviously a reason this has a tiny market cap. The big money doesn’t think this is going anywhere but liquidation
I have 35K shares so not a lot, but I’m not particularly wealthy so it’s a lot for me. Averaging 2.5p.
I don’t really understand mining, but I do understand shares and investments, it’s the day job.
I bought this share in 2014, didn’t sell on the spike and bought more when it was peanuts.
I bought on the basis of location, access to high quality nickel, and the coming EV market. I later bought HZM and made a decent amount, but nothing like what I could make with AMC.
It won’t change my life as realistically I think a sale would be 10p but if it got hot it could be 30p.
Really hope this pays as I’ve been patient. I could also do with the money.
The board have no responsibility to raise the share price in the short term. They are there to deliver long term earnings essentially, which leads to shareholder value. In the meantime if they are hanging around for higher Nickel, and they clearly are, I have no issues with a low SP.
however, I would like news. I would like to know about Adam, and that would by proxy affect the SP.
My apologies TDT I assumed you were in the “apps will make you redundant” camp as many have said over the years. I actually agree that apps will make invesment management available to the masses who can’t afford someone like me.
Indeed, if I’m invested in this company I’m kind of showing I am indeed much better at carrying bricks! Incidentally my father is a gambler. I am not but I reflect my genetic disposition in making random punts on AIM stocks.
Once again my apologies for the misunderstanding and thanks for your gracious response to what was quite a defensive post. Many do indeed think that technology can replace my role (it won’t entirely) and seem to have an axe to grind against those in my industry , which does have a higher proportion of unpleasant people than society at large but does contain some who actually are good value.
Anyway, I’ve made a total hogs ear of this post. Move along.
TDT - if you think people will run million plus portfolios from an app or on a blockchain. Sadly mistaken, but thanks all the same for snidely showing a bit of glee that someone’s family will lose their main breadwinner all the same.
I’m sure it’s a hive of activity behind the scenes, as it has been since the day it started. Interestingly since this company formed I have gained a driving licence, been divorced, remarried, had children, bought a house, developed grey hair, gained and lost about 5 stone, lost 2 relatives and gained 3 more, and gone from working on a building site as a labourer to being an investment consultant.
Nonetheless this pails into comparison into the non stop transformational work of this board.
Mining will indeed need to increase in the green revoltion. Ripping tons of ore out of the ground and processing is the green road to a happy place holding hands under a clean air sky, only marginally obscured by the German coal burning electricity plants.
A lot will have to change. God knows why we are giving up nuclear. We have the by product of nuclear weapons that we can threaten developing economies with when they try to industrialise.
Exciting times ahead!
It’s going to attract capital based off the green narrative (who wouldn’t?)
I would say 80% of the investors in it wouldn’t. There is no broad demand for green assets, it’s been almost entirely manufactured by the regulators using the investment industry as their mouthpiece.
This isn’t a swipe at ESG, it’s probably a good thing. Let’s just be clear about who’s calling the shots here. This isn’t grassroots, this is top down.
You only need to survey 100 customers and ask “would you like us to murder puppies and force smog into nurseries, or be nice and cuddly?” And you’ll get the “green ESG consensus” you want.
That’s all as well Ilovesushi but if that’s the case, why do you flood the board every day with random “buy stocks now” posts, and then reply to your own posts hoping to give the impression of consensus. Your responses read like a conversation.
Some of us have been here years and know what’s going on and this is no different to any other time.
If you’re confident on this paying off, why are you incessantly ramping and getting t excited over rises in the orders of a tenth of a penny?
If we didn’t know better, it looks like you’re more interested in short term rises and fractional increases to make a short term buck, rather than a considered and educated long term investor who is here for the long term.
Long term investors tend not to act as a quasi marketing arm on this board, geeing up investors for tiny rises. They sit on a holding and wait for real news, not conjecture and pie in the sky waffle.
I work in sales, and even I look down upon this shameful “wont be cheap soon, buy while stocks last” nonsense.
It’s all stuff we’ve already seen. Nothing moves this share unless:
TEO (maybe not even that alone)
Serious appointments
JV
Road funding
The rest is ****ing in the wind
As a LTH I do like the positivity on all the big things to come, but I can’t help feel it’s like a team 5-0 down who get a few crosses in and think a draw is achievable.
Anything which suggests this can get towards 40p would make me excited. A rise towards 2p just is kind of meh, we were nearly 3p in Oct.
I am averaged now at 3.8p, so it’s a bit LOL at the excitement as we go from 1.5 to 1.7p.
Oh dear, someone’s been reading the independent or the Guardian. Just to be clear, Russia is significantly less corrupt than a whole host of countries. It’s not western standard but it’s many rungs above others.
It’s very hard to understand Russia from a western perspective. It’s enormous, ungovernable and always has been.
Unfortunately various election defeats over the past few years has fuelled a lot of (mainly bogus) claims of electoral meddling. Also, it’s a key area of eastern expansion for the EU as seen by recognising the far right coup in the Ukraine conflict prior to elections.
Nobody cared about them, even gave them positive press for a number of years. Recently they are a convenient scapegoat and “we” are in political conflict over alliegences in Eastern Europe and the Middle East.
Not perfect in any way but all these stories of Russia’s being homophobic, Russians being hooligans, Russians this Russians that, seemed to begin when the conflicts started.
It’s most defiantly quite corrupt as are most places, but what many don’t understand is Putin is extremely well liked by most of the electorate.
Rant over.