Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I was a lth but sold out a week or two ago at 29p.
Was getting concerned about all this takeover/russian stuff going on. Looks like i made the right decision. Although it has always been a russian company really as another poster mentioned earlier.
There maybe a short term benefit in holding but looking longer term i can see it being taken over or going private. Theyve let PI's carry the can/risk over last few years whilst pox was being completed. Now theres clear evidence money is being made and profitable business, the greedy rich business people will want to have it all for themselves. As always PI's wont be the real winners.
Just my opinion - I wont be going back in but hope there is some reward for remaining holders.
Its a stable stock..bit of a consumer staple. It aint gonna go to 300 anytime soon...but neither is it likely to go below 200 anytime soon. Its not airline or consumer discretionary with 50% swings either way. If you want lower risk/lower volatility...tesco fits the bill.
I have 10% of my equity portfolio in here. More upside than downside.
You can take the casino ride on other stocks...but be careful
Same sort of pattern as yesterday
Not sure about that range! But defo increasing from current range imo. Equities have had their mini recovery, pressure on interest rates and dollar etc. Good for gold prices. Just dont want any curve balls from pog board!
Well said elgrebe. Other stocks took a hammering over march and april...they have recovered from very low valuations....money was there to be made although high risk in current environment.
Tesco has always been a stable stock, apart from the accounting scandal period. It wont make you a quick buck if thats what your are seeking.
There is no such thing as a safe stock but Tesco offers less volatility as it has lower correlation to wider equities than other stocks. They are also one of the few income bearing stocks as divi has been maintained. Hopefully some capital growth to come and a steady rise up the £2s through the rest of 2020.
Somethings going on....there was a hint in the update last week. Whether anything comes of it is another matter all together.
Smoke and mirrors with pog...some things just never change
Agree moonman
Tesco is a billion pound company with hundreds of 000s employees. They provide a class benefits package - base pay; working conditions; free shares; share incentive plan; decent pension; staff uniform; staff discount etc
Think some people expect too much.
And, sorry, if you dont like it your freedom of rights lets you look elsewhere. Nothing better on offer? Thats not Tesco fault. Just saying.
Hi Sampson
Where did you get the 51p special divi figure from? Have they indicated that or is it from speculation?
Used to work in tesco head office when sir terry was at the helm and they were the darling of the ftse. Unfortunately they got complacent after he left and appointed brasher who was not up to the job. The accouting scandal made things worse...they lost the confidence of the market and investors. A bad bad time.
Drastic dave came in and saved them...he's turned the business around and tesco has regained its mojo and credibility.
Tesco never has been a swashbuckling stock...it was always a slow and steady and reliable investment. Its back that way...hopefully for a good while yet!
I'm trying to stay positive but feel a little deflated. Why does pog always have that touch of jam tomorrow...or is it just me?
They have made a lot of progress but it seems there are still hurdles to overcome...IRC still and albatros, bond terms and financing etc.
I would have taken a small drop in SP but it seems market is a tad disappointed hence a big dip.
Ah well...i'll come back in a year or two zzzzzzz
Agree with everything you said RB...put into perspective ??
Yes agree ABLE there other attractive gold miners. This is one of my pension pots...had a fantastic run over the last few years. So banking profits and taking risk off the table for a bit. Going to sit on the sidelines...think next few years will see more volatility in the markets!
I'll be happy if both gold and pog sp consolidate at current levels. Then hopefully a push up in april when pog issues its financials. This is now my only stock...dont see much value in other equity sectors. Thinking about bonds...with inflation falling interest rates unlikely to go up so could be good for short dated bonds. But bond market doesnt always act rationally just like equities!
$500 due nov 2022....a lot can happen between now and then. I envisage "safe haven" asset prices doing well in that period.
All those boardroom shenanigans wrestling for control were a signal...why else would they have been doing that if there was not a profitable company!
Ha ha...yes you're right. That always happens when a share has a good few days. But they have no clue about the company they are apparently 'invested'.
Think 8 years qualifies as long term ??. Compared to newbies who will be now day trading this. No beef....we're all in this together!
Yeah i know that crumble. Was a very simplistic point of how a company can be valued at anything when they dont have any revenue. Or in fact any solid assets unlike pog.
Iam a long term holder...bought in at £1 thinking it was oversold. Went thru the rights issue pain. Have traded since and now back in profit. Ive thought this was undervalued for last few years as pog has addressed its problems. There are other companies out there which have had recent valuations of 20pps...futura, petrel and pantheon to name a few. They dont even have any revenue let alone profit!! The stock market confuses the heck out of me! But very happy atm
20p easy in next few weeks imo