Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Iāve held through all the drills so far, but with the news on Gazelle this morning I think Iāve had it with this company. I continued to hold after Red deer as I felt they had less knowledge in the south of block x, and that our nailed on blocks were near the proven Petro China discoveries. In the north east of the block. But no we canāt even get those drills right. So what about Heron 1 testing, thatās all thatās left now before winter shutdown. I should have known better investing here when Matd couldnāt get a farm in partner ages ago that these prospects werenāt all that. Had enough of this now, gonna sell up here and invest whatās left in 88e who drill a huge prospect early next year and at least have a farm in partner in the form of Premier oil. Gl all of you who hang on for Heron test results. I truely hope you get something out of it to recover losses here. Atb all Lthās here
According to that link from Petroleum News, drilling and testing of Charlie 1 will begin in mid-January 2020, so just over 3 months to wait till will drill this huge appraisal well with Premier oil as our partner. Not long to wait at all!
Hi Boom.Boom, that's a very nice holding indeed, you should do extremely well from these levels imo. In terms of sp predictions on spud and on discovery. I would expect the sp to be at least 1.5p on spud when the herd wake up to the fact that Charlie 1 is an appraisal well with a likely 50%+ cos attached to it. This well is the culmination of a huge amount of work put in by 88e over the last 3-4 years, and clearly Premier oil really like it too to put up those sorts of drilling costs. On a discovery case i agree with you that the sp should hit 5p minimum. The numbers for the upcoming Charlie 1 well are just far too big and juicy to ignore at this current depressed sp and mcap. With a likely high cos here on Charlie the risk/reward at this sp is unbelievable. Bring on 2020, i for 1 can't wait!
I now hold 10 million shares here for the upcoming drill. Something tells me the sp will be considerably higher come february and the spudding of Charlie 1, with the likes of Premier Oil on board with us and the amount of due diligence and time they will have spent in the data room looking at this prospect. They clearly like the prospect a lot! Just remember this isn't an exploration well, it is an appraisal well, therefore the cos is likely going to be 50%+ here. I really don't think the market has woken up at all to what is coming along here in feb/march next year or everyone is off playing elsewhere chasing rainbows. Anyway for me the time to buy is clearly now when nobody is really looking at 88e or cares, but they will soon enough imo. Atb
Can I politely suggest you discuss other companies on their respective bbās. This is the metro bank bb. Thanks. Btw what a great outcome today for metro bank, but for me the sp didnāt react anywhere near as positively as I expected, down to market turmoil no doubt. With media exposure overnight I would expect a gap up in the morning and a steady rise to Ā£2.60+ minimum. This is a huge recovery play from here now for me. Gl all tomorrow! Should be a lot of fun!!
News on flow rates likely on monday imo, and i certainly don't want to be out of this over the weekend!
E_AL: With no further tr1's from Lombard showing a reduction in holding, where in your opinion is all the stock coming from for people to relentlessly buy every day without any sp appreciation?
That was before the latest rns. Now we potentially have 2 weeks to wait to see if the permit to drill serenity gets approved. So with no likely news for 2 weeks, what is there to stimulate any upward movement in the sp here. Imo itās more likely people will sell to play and make money elsewhere in the interim, and maybe return when the permit is in place and serenity is definitely a goer.
The selling seems to have continued today, and with the permit for Serenity still likely over a week away I see this hitting 16-18p before we potentially see any sort of bounce here if any. Plus a possible equity raise coming imo. Doesnāt look good to me right now at all.
If you are waiting for commercial oil to be hit and confirmed before you buy into Matd, why the need to keep posting here all the time. Why arenāt you concentrating your efforts elsewhere to make money, as apposed to here where you wonāt take a position till the announcement you are looking for. Seems a very strange use of your time! Wasted here surely on the basis of your investment case in Matd! You do get all sorts on these bbās!!