Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
With thanks to CapitalistPig over on the Capita board:
Jeff Bezos quoted in 2018....
"The stock is not the company. And the company is not the stock. And so, as I watched the stock fall from $113 to $6, I was also watching all of our internal business metrics -- number of customers, profit per unit ... every single thing about the business was getting better.
And so, while the stock price was going the wrong way, everything inside the company was going the right way."
Tharisa,
Once again thank you for being so on the ball and proactive in your investor relations on this board. You really are best in class at it.
Best wishes,
Prof
Razor,
Love your quote. Thought I would copy it here as it was a bit hidden at the bottom of your post. Hope you don't mind:
'Use the weekend to build the life you want, not to escape the life you have'
Halfpenny,
Happy 2000th post!
Best wishes,
Prof
Morning Sotolo,
I couldn't help smiling seeing you being so positive in a post after all the grief you were given for being negative.
The past year has played out pretty much as you predicted. I hope that your optimism for the coming year(s) is equally accurate. Personally I agree with you the obvious wildcard being the price of gold but I think that should also stay pretty high. The previous inflationary trends are only going to be exacerbated by the war in Russia and associated trade disruptions.
Best wishes,
Prof
Gold over $2000 and a day after new ATH and CEY is a penny share.
The previous regime really did decimate both the fundamentals and the credibility of CEY as an investment.
I have faith in the new CEO, I hope that it is not misplaced. I would really like to see more widespread faith in the company returning other than from the stalwarts in places like this Board.
Keep thinking it is going to get better and remain confident that we will see a good share price turnaround this year. Or is it just the light of the on-coming train?
Best wishes to all,
Prof
And a through minutes later through$2020.
It will almost certainly fall back but we are seeing lower lows and higher high which is clearly very bullish.
Gold just through $2010 so up 1.5% on when London stock market closed yesterday. Should be a good opening for CEY.
Looks like gold briefly went above $2000 (2000.08) at 0948hrs.
Remember the old joke with the punch line: 'I don't have to outrun the tiger, I just have to outrun you.
Well I guess that a parallel of that could be one of the drivers for selling.
Investors are looking for the best return on their investment. As other stocks fall across the board, many by multiples of our fall, some investors may be selling here to capitalise on opportunities elsewhere
Hi Hedged,
It is possible but with miners the movement in the underlying commodity is a key driver. I take CEY's recent upward trend as being due to gold's solid performance of late. If gold stay north of 1920 I would like to think we will stay north of 100. Having said that CEY is always quasi impossible to call.
Best wishes,
Prof
Just done a dummy buy and sell both for £20k.
Can buy that amount at 33.5 and sell that amount at 33.34.
Very small spread and very liquid.
For my part topped up first thing this morning in a few tranches paying between 32.49 and 32.98.
Sotolo,
I agree that pessimistic comments on this boards are key to balance. It is very easy for us all to end up rebreathing each other's overly optimistic air. After all most people who are on a company BB hold that company and are therefore (presumably) positive about it.
Let us hope that we have many more days like today. Gold just at few hundreds of a cent off $1900 a short while ago.
Best wishes,
Prof
Hi Sotolo,
Thanks. Not sure about the wise though. That would have seen me out when we were over £2.
How are your investments going? I am taking quite some pain on FRES although fortunately did not put too much in. HOC is a car crash although made enough there on short term trades before it dipped badly and was not particularly exposed at the time. SLP getting better but still down. THS about level. RMM level pegging(ish) but expecting great things. JLP the golden child.
Are the investments enabling the build yet?
Best wishes,
Prof
...
Gold is up spiking because of Russia/Ukraine but more fundamentally because of inflation now being acknowledged. With the regards to Russia, regardless of whether they invade or not the relations East/West are going to be in the doldrums for many a year. Even short of war there are a whole spectrum of interventions that both East and West can to, short of war, that will cause serious economic damage from gas pipeline energy restrictions to freezing of assets and of course cyber disruptions. With regards to inflation well what did we expect with the amount of money printing over the past few years.
Now turning to Cey I think Hogan is slowly getting their house in order. He is taking the hits early (ish) in his tenure which is what a good turnaround CEO does. I was hoping we would be starting to see daylight this year so was shocked by AISC up over $1400. I think by next year we should really see a difference but my worry is that I could be wrong and it could be another year still.
So in short yes I think the opportunity is there and the market will cotton on an rerate this. But no (if I can be disciplined) I won't buy anymore.
Obviously just my slightly rambling views and would really like to hear what some of the other posters think.
Best wishes,
Prof
Hi Early Bird,
That is the million dollar question. Although with inflation running at current levels a million dollars is not what it use to be!
A few years ago you would not have put any money on Cey being well under a pound with gold just short of $1900. Then again a few years ago you would not have put money on the monumental mess that previous management have left current management to clear up.
I am very tempted to buy some more however:
1. I have rather a lot already
2. What if gold falls back before the market moves Cey back up?
On balance I suspect we should have a good year.
'... and I need your opinion, Nonsense, for the colour of leather interior for my new Rolls'.
Northern Shark,
A very good point.
Best wishes,
Prof
Jolly,
Duh! And thanks.
That is always the trouble when figures are bigger than the number of fingers I have.
Best wishes,
Prof
Love the following from the RNS:
Overall, the investment in capital expenditure over this period totalled 19.3 million (ZAR 414 million) with a further £ 17.7 million (ZAR 380 million) invested in acquisitions, leaving cash and cash equivalents at the end of the period under review standing at £ 21.7 million (ZAR 466 million), compared with £ 19.6 million (ZAR 384 million) at the year ended 30 June 2021.
So to rephrase that. In the half year £40M spent on capital investment and acquisitions and still cash and equivalents go up by £1.1M in 6 months.
Not bad! Not bad at all!