Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Apologies to all for the confusion , my wording was incorrect yesterday , when I spoke to the doctor I was wearing the RMS mask. She was unaware of such a mask. Hopefully she will be ordering them for her practice. GL all .
Spoke to a doctor today wearing our mask and she was unaware of them , I gave her the details and she was very interested.
@Hutters , if you believe btc price will stay above 50k for the rest of year then I would say buying now will give you a decent 9month return. I would expect a share price north of £4 if the 50k btc price is held. This doesn’t factor in other variables , nasdaq listing , fundraises etc.
With regards to Nasdaq , I still think the speed of the rally in BTC and ARB price has maybe caught PW by surprise. There would have been a plan in place to move up through the US listing levels. I think we may just be sticking to the plan. Four months ago Nasdaq wasn’t on the immediate radar.
Just placed new order , order number just under 900.
Had we not issued more shares ;
PW could have sold bitcoin ( currently would have been bad decision )
PW could have taken on debt ( may appease the US investors )
PW could have done nothing : with this scenario the share price would likely have been circa £4 , HOWEVER no land in Texas , reduced % holding in Pluto and less cash available for new opportunities.
Granted a fundraise could have been done in the near future and at a higher share price which would be better for shareholders BUT bitcoin could have dropped , institutional investors may have invested elsewhere , any raise is always going to disappoint some. As we are outsiders we have to trust in Peter W is doing the right thing for all shareholders .We will have a better idea to what was right or wrong in 6 months time imho.
Complaints about dilution : as of Feb9 359 million shares ; 17 feb I believe was highest close £2.84 ( not using intraday high : I’ve always used daily closes for my maths) there for market cap was approx £1 billion .
Since then we have had warrants and options exercised , shares used to buy land on the 8th Mar and the fundraise shares on 12th. So now 381 million shares with £2.40 so mkt cap 910 million. I expect to see £2.65 tomorrow which would then get us back to £1 billion market cap. So in the space of a month the company will have kept the same market cap after the dilution. BUT also have Land in West Texas , money invested in Pluto , money towards the Texas build and money spare for any opportunities that come along. All this without reducing our BTC holding which has obviously been a smart move with the continued price rise of btc.
I personally think Peter W has played a blinder here and it won’t be long (assuming btc price holds here) that you will see the price higher that many of you are craving for. Steady share price rises are much better to encourage new buyers into companies, volatile movements definitely put investors off. As a long term holder I am extremely happy on how the business is progressing , patience pays. GL all holders
@Dprogerson , as Brassneck stated , the new shares are already priced in now , seen in yesterday’s drop on the open. Personally I am surprised we are still under £2.50 (Mondays close ) , however raise was a bit out of the blue and only 2 months from the 80p funding in January. So this will put off some investors , whose to say there won’t be another raise next month (v unlikely in my opinion ) . I added today at £2.40 because I now think ARB is a good 20% undervalued in the shorterm. Also I like the fact the company hasnt added debt or sold bitcoins to continue to invest in other companies and has some cash towards Texas. GL all holders.
@Torre , where do you see this please ?