Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I see no specific issue for the substantial drop in SP. Headwinds but more importantly, negative sentiment is affecting many sectors. My average is 53p, so was 100% up t one point. Need to gauge this week ahead, but there is no doubt overall market fear is high, VIX is up, may start buying a few small tranches this week at these prices. SRC is currently on sale. Be brave
Spread is often narrowed lately to entice sellers, the spread is usually unfavourable with PMG. Currently less than 2%. Struggle with the technicals on this one as the volumes are often so low. Period of consolidation in March around 50p potentially sets a new foundation. 50SMA about to cross the 200SMA - golden cross for those that are into that sort of stuff, bullish long term indicator. This last happened 12 Dec 2020, PMG then traded in a well established channel over the next 11 months and gained ~70% at the peak. MACD looks positive. The current Macro environment supports this bullish thesis.....but this is PMG - volatility high....DYOR
Heard a few stories of purchases being made, worn for an 'event', then returned.
It is true, the environmental impact of the increased logistics needs looking at.
What was not clear is why the returns have increased, reading between the lines it is due to cancelled social events...if so, these are exogenous reasons as opposed to inferior products
"Boohoo has said a surge in customers returning clothes is likely to hit its business, as people increasingly swap loungewear for dresses.
The online retailer said it had sold an "exceptionally high" proportion of dresses in the quarter to November.
A Boohoo spokeswoman said people were more likely to return expensive clothing from its brands such as Karen Millen and Coast."
....with all the posts. Think I will cut my losses here next week. Result timing atrocious coinciding with Fridays new CV variant announcement, which may have impacted the SP more than would have been expected. If you want exposure to Gas prices there are much better run companies out there, as previously mentioned , this is just a cash cow for TC. I need to protect my capital.