Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Pedro imagination seems to have got the better of you. 8.8% may appear fine on the face of it, however the period in question is without doubt historically the best trading time of the year. The figures as I recall compared with the same period last year since when there was food cost inflation of almost 20%. VAT has been re-introduced. Interest rates rocketed and so on.. Increase in trade is one thing it is net profit that matters.
If things were as rosy as you believe why is the SP lingering at almost it's historic low?
Pedro what are the unique and special offerings Marstons have that our competitors do not?
Jamie...in essence correct. It remains to be seen whether or not Justin Platt can work the oracle here and produce significant shareholder value. I did suggest some years ago when the writing for Pubs was firmly on the wall, the company needed to explore different business opportunities. It may be too late now and we are at great risk of becoming a Property Shell.
There is much news this morning regarding the dire state many pubs are facing. Many have restricted opening ( closed on Mondays and Tuesdays) and closing early 9.00pm and earlier. Lordy in my youth we never went to the Pub( usually nightly) until 9.00pm.
Wetherspoons have reported a hit on property values, something some here seem to believe MARS will see enhanced, doubtful if RICS commercial property report is accurate.
Tim Martin expects current year outcome to be "Reasonable", hardly a glowing remark in a sector that has and is facing serious headwinds.
Summer sports events, Euro Footbal, Olympics, cricket etc may add some value to the hospitality sector, however it should be viewed against the growing fo home consumption which only tends to benefit Supermarkets who screw suppliers down on margins.
Selling off more of the property estate will become increasing difficult as the JV with Carlsberg comes into play
Franchising could be a part of the solution, however too many Publicans have had their fingers burnt by the continued demise of Public Houses.
Like the Curate's Egg good in parts. They do continue to warn of issues outside of commercial control which may affect performance going forward. At least they have debt under control.
Love him or hate him, Tim Martin does project his company in a way that benefits shareholders. Let's hope Justin is a similar character?
Gallimat, agree. Brokers are there as a conduit to acquire investors, Corporate and Private.
The thing that matters here is real traction for the SP not dilution.
Another quite offensive and ignorant post.
The question of Shorters ( where do they borrow shares) has not been answered, because you do not know. Quoting HL is open to scrutiny. There are investors who openly admit they have allowed Brokers to lend shares for a fee. It is the rump of shares loaned and not openly disclosed that should trouble PI's. It is no secret Brokers have algorithms in place that recognise clients who sit on shares ( LTHs) as opposed to those who regularly Trade and therefore a pool of shares capable of being loaned.
Being offensive adds nothing to the debate. Criticising past CEO with highly questionable statements is not on as confirmed by posters who know different.
End of....
Yet more nonsense from self appointed expert. HL may state they do not lend shares but where do shorters acquire shares?
As for Brokers controling when PI's can vote, we have seen it here when Brokers would not issue nominee account holders, statements which allowed an EGM to be called.
The disrespectful way in which Paul is portrayed says more about the poster than the real performance of the past CEO.
The maximum safe weight load a 40ft container can hold gross is just less than 61 tonnes. The empty container weighs just over 4 tonne so maximum net capacity is just over 57 tonnes. The flakes being of a high density means a 40ft container would be marginally over half full.
Maybe someone thinks we are already in BST???
The shares will remain in a PI's account until the Company is formely declared insolvent. The Administrators do not seem in a hurry to wind the company up.
Anyone who holds these worthless shares may wish to consider obtaining a negilgilbe value claim to HMRC. This must be done before the stock is formerly wound up. this enables the loss to be used in the Tax year the claim is made.
The whole Nominee account debache, has highlighted the crazy if not dishonest way Brokers control ownership Rights that should go along with Share Ownership to PI's who have handed over cash for the privilege. Few PI's, will have been aware that shares held in Nominee accounts are not automatically within the Investor's Rights as a Shareholder.
Frankly, the attitude of Brokers is incredulous when not only can they decide when a SH can vote, but also lends shares legitimately owned, too 3rd parties(Shorters) for a fee.
It is high time Financial Regulations are corrected to give PI's the Rights they are entitled too.
Galimat, quite right. The RNS is short on detail. "Full container of Flakes", "German Buyer", " Premium Price".
These statements need better specification, What size of container ( tonnage), why is the buyer named ( do they wish confidentiality), what is the premium price per tonne?
The RNS lacks the Professionalism majority of PI's expect.
HarChris, in essence your final paragraph is spot on.
Fundamentally the company has an asset and product whose demand that is growing rapidly. China cannot keep pace hence the embargo on exports.
Many here realise the shortfalls of Management, which it would be surprising if the same views are shared by the Company's collaborators, who are not Poddar owned.
The solution to regain confidence and value for everyone is plain. It is now for Shishir to have the guts and allow those better skilled in Corporate Management to bring the Patient back to Full Health!!
JWB, agree. The problem is how too acheive a large reduction without breaching the JV with Carlsberg.
Maybe sell the 40% of the Brewery?? or and it must have been considered , a Fund raise!!
Binbin, many of us are in the same boat which we do not want to sink. I came here on the basis Graphite is an essential mineral to provide the essentials for the energy transition constantly proclaimed.
That said and trying not to lick my wounds, there are a number of fundamental issues as to how this Company is being managed. In essence it is a Family run business. A Family who wants to have overall control no matter what the market and outside World thinks. As Shareholders have a minority holding, making it virtually impossible to bring about necessary ( IMO) changes to the Management structure, it is puzzling why the Poddar Family brought the company to market, unless there is/has been an hidden agenda?
In answer to points 2 & 3 could well be covered if the Plant/Equipment is either partly or wholely Leased.
As I see it the Poddars have fingers in many pies. The only way, apart from a miracle, the fortunes of TGR can be back onto the right track, is for the Family to man/woman up and have the good grace to bring in a high level of expertise the company desparately needs. Timing is of the essence for survival.
Do you or anyone have confidence the project will be executed successfully given the current Exec's past performance?
Have seen the word IMMINENTLY used frequently on these boards. It is not a definitive expression and can be very open ended. Could mean tomorrow, next month etc.
Shishir should say the VAT refund will be payed by X date, to give credence to the Madagascar Authorities intention.
The VAT refund has been ongoing for many weeks and no certainty when it will arrive.
Seem to recall, last year, customers were paying in advance for product. Correct me if wrong?
Even Labour could not be stupid enough to allow the Lights to go out, Mortuaries overflowing with hypothermic cases, to say nothing of the Trade Unions whose jobs would disappear.
Energy security is essential for any civilised society.