Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hi Hants.
My first trip out was extreamley hectic (start of term holidays). We were queuing everywhere, complete chaos.
Today it a bit quieter but remained busy. Very surprising as there are no school holidays. I would advise arriving an hour earlier than normal still though as quite a bit of waiting around at security. We got there 3hrs b4 flight and only had time to sit down for tens mins to have a coffee before being told to board.
Had a quick look at the flight board. Everything was easyjet apart from two Tui flights. All but two looked ontime. The two were delayed. Didn't see any cancellations.
My flight to Amsterdam was the least full I have flown this month. Prob around 75% capacity
Have a great flight!
I flew from Gatwick 10 days ago to Mercia. This was a rearranged flight due to a cancellation 15 days prior to departure. I have since flown back and then flown from Southend to Mallaga and back again but returning to Gatwick. Today I fly to Amsterdam from Gatwick.
I have to say apart from the cancelled flight and one slightly delayed all has gone very well. Planes are rammed staff are busy but happy and I have not successfully had one compensation claim accepted.
I have seen little flights cancelled on the day and delays have seem to be managed. All flights have been with easyjet so far. I'm very happy this dip is temp and that management will be making progress for the summer holidays which I think are going to be huge. Some people have been waiting two years for this. Inflation, lack of money and fuel prices are not going to stop them. At least not this year
You think 10gbp a head is going to make the difference in the city?
I would expect min 100gbp per head. If that went to 110gbp it wouldn't make a blind bit of difference.
The real reason it's quiet is because everyone is on holiday!!
I've gone on the basis that we have just had a half term break with a long weekend. The airlines took a pessimistic view that travel would not return until 2023 as everyone has been saying but the demand was substianially more than anticipated. Yes we have had cancellations but to me this is a good sign. Imagine if they advised they were laying off more staff because demand has not returned.
Lessons have been learnt, we have a month b4 the demand starts to peak. This should provide some time to get staffing levels improved.
I may be proved wrong but I have backed up my belief and put my money where my mouth is. If I'm wrong I'm confident i will make my money back in 2023.
Jtan, tick up there. Made me spill my coffee when I read that.
Sooner or later it will be more of a stallion
From what I have seen at the airports and what the latest report read from Whizz I'm buying at these levels. 3.5b market cap. Happy to hold for several years so just topped up another 3000 odd shares.
Many cancellations were arranged with notice. It's not that they are all cancelled on the day. My recent flight for example was cancelled 15 days prior to departure. This fell outside the 14 days notice period whereby they have to pay compensation. My recent claim was rejected.
Delays are also being managed. My return flight was all on time, I tracked the plane, saw it pull up to the gate and half the passengers were queuing. Then they delayed our flight and used our plane for another flight to Luton. This meant all the passengers to Luton whose plane was delayed prior to ours got back within g the allotted 3hrs before compensation claims could be made. Our flight was delayed by 2hrs 45mins so we too could not make a claim back to Gatwick. I don't think this is coincidence.
It was very busy throughout on easyjet and have no doubt travel remains high on many peoples agenda. Off to Marbs on Friday, again easyjet. No cancellations yet so fingers crossed it's going ahead.
Just at the gate about to board. Flight not cancelled but they are asking for volunteers to get on the next flight as they have overbooked.
I asked if the plane was full when scanning my ticket at the gate and the guy smirked and just said every flight is full sir!
That's it from me. Hopefully off soon for a week of golf. Back at gatwick next week for a flight to Marbs so may have some more updates.
This Summer will not go to waste. Profits will be stellar.
I'm here at gatwick South. I came via the North terminal and the easyjet que was mega in the North. I'm now at the south terminal and at 530am and the ques are huge. They have gatwick staff helping the easyjet ques as so many people.
Everyone I speak to when I ask how busy is it just shake their head saying its too busy.
What's interesting when I took my golf clubs to the oversized area the guy said he has never seen so many people travelling with clubs. Said especially easyjet and Turkish Airlines.
To me everything is saying recovery is already here. I guess waiting game to see if current rush is maintained.
Ha! Never thought of compensation as they offered an alternative flight which I took. Just cost me more in moving everything else around. Will certainly check on that!
May send an update tomorrow on how full the flight is. Though everything is telling me there will be no spares seats.
Better get on with making my jam sandwiches!
Flying Wednesday morning from Gatwick after my original flight was cancelled (was not happy) I'm praying I'm not on another cancelled flight!!
Anyhow what was interesting is that I received an email today to say no food and drink will be served on our flight so bring your own.
They make excellent margins on the food so hoping it's because they are so busy suppliers can't keep up with demand. Wishful thinking? Maybe...
The gap in numbers between this summer and pre pandemic is very close. People are flying and there is income going through the doors.
We should now start to see the recovery but it will be slow with inflation concerns, oil price and calls on a recession
For me IAG will need to not only start making great profits again but then have to start paying off debt and or buy back some of these shares.
In all the next 2-3 years this should be a great little earner and even better when the dividends are paying.
Best here to buy what you can and forget about the noise. If you check again in a few years I'm sure you will be pleasantly suprised (I hope)
This is great news. Look at the earlier figures I posted and Jan Feb March were a write off. This means from now we must be 90% pre pandemic.
That's with all these cancellations!
Monthly numbers really jumping too. Be interesting to see what May numbers are for Heathrow:
January 2022 2,598,556
February 2022 2,863,496
March 2022 4,196,656
April 2022 5,081,426
Compared too;
January 2019 5,927,543
February 2019 5,482,288
March 2019 6,527,489
April 2019 6,798,212
Can we reach 6m ? Possibility in my opinion.
Many colleagues I know who are flying in and out of Heathrow have said they have never seen the airport so busy..
Time will tell whether that is based on passenger numbers or the airports not being organised enough...
People are back flying as most of us knew we would. Won't take long now before recovery starts to reflect in the SP
Plummet? Oh man.
So the dividends was updated to everyone in the 3rd May update:
· Restrictions on payment of dividends will continue to apply until CLBILS facilities and the £11.25 million term loan are fully repaid (expected 31 January 2024), and the Leverage ratio being 1.5x or less.
It was already known about. During the update the CLBILS was 20m gbp.
It's no new news....
Got an email 5hrs ago to say they cancelled my flight. Fecking nightmare, had to change car hire, parking and hotels. They didn't give two ****s.
Normally I wouldn't care because that's what you get from the cheapest but I'm finding more and more they are the most expensive compared to the other budget airlines.
I have three flights booked this year with them but started to look at other options as I hate all their pricing structures now with everything costing money.
Amazon reported: Net loss was $3.8 billion in the first quarter, or $7.56 per diluted share, compared with net income of $8.1 billion, or $15.79 per diluted share, in first quarter 2021. First quarter 2022 net loss includes a pre-tax valuation loss of $7.6 billion included in non-operating expense from our common stock investment in Rivian Automotive, Inc.
More of this over the next 12 months! Finished very strong.
All eyes on the results and closing of shorts. A few more catalysts to get this motoring back to where it should be
LtH here. No profit taking from me. Going to watch this climb to well over 1.00 and collect divi's from 2024....
Easy money