Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Contsructive
"The speedyhire Units are being built & the first one as already been delivered, as you well know"
Oh, of course, there are photos all over the place showing vast numbers of operatives busily putting units together...but there aren't, are there? and one unit delivered? that equates to about 0.5 percent of the contract total, assuming that the capex is intended to be remotely commercially viable.....
"The Hydrogen cracker has been built & working for awhile now & plenty of large companies are coming to see it in operation every single week. ( as you well know )."
Where have you seen anything to suggest that its anything other than a small scale lab prototype? Those with long memories will recall that we had the same thing with fuel cells a few years ago, where a lab prototype apparently worked, but when attempts were made to scale it up, it wasn't viable.
"ABB unit is abit behind schedule & being built & tested at this moment followed by CE marking. ( as you well know.)"
So far "a bit behind" that the company hasn't been able to reckognise any income from the contract for 12 months, and have effectively stated that they have no intention of doing so.
"So stop spouting your absolute crap on this board, your just embarrassing your sad self with your blatent lies"
Just because the statements don't fit your narrative doesn't mean that they are doo doo or lies. If you honestly believe that they are, then please feel free to support your argument with those things that are called....oh, what is it....facts....
AGM’s gonna be great!
You can just imagine it…..well, it’s like this….we haven’t generated anything by way of reckonable income out of the ABB deal in 12 months, they haven’t said they’re gonna buy anything (otherwise we’d have included it in our fantastic (literally) sales forecast ) we’ve got a lab prototype cracker that will take years to develop, and we don’t even know us ammonia is actually a cost effective storage / transportation medium, we’ve got a deal with Speedy, but we can’t tell you what the terms are (but we haven’t said whether any units are in the process of construction yet) and the market doesn’t really buy into all of this spin…..never mind, another year, another £600k…….”
And the response from the Uber acolytes (the only ones dumb enough to waste time actually going)
“All hail the Adam……All hail the Adam…..All hail the Adam….”
Here's a question for one and all......The £2.0M supposed sale to SHS under the terms of the JVA.
How many units make up this initial sale?
Is the £2.0M solely in respect of the sale of the capital goods, and if not, what is the attribution of the headline £2.0M between capital goods sales and support and H2 supplies?
Has a value been applied to the cost of "services" being supplied by Speedy?
Until we know the answers to the above, the Speedy deal carries very little credibility and it's just another exercise in ambiguity.
Daz
Looks like the wheels are starting to fall off the bus (oh, no, that's going to happen on Thursday, of course)...Here's a wizard new application....why not target Billy Smart and Gerry Cottle to see whether they want AFC to power their circus tents. Surely there must be some sales empathy amongst clowns.....
Garonne……I can’t wait for the pair to arrive in their big flappy shoes, in their EV which will have been charged by the now redundant extreme e unit, only for the wheels to fall off….but that will be fine, because they’re probably about to announce a H2 powered flying machine that will only take about a million years to develop. And the assembles acolytes will just lap it up!
Stock
Oh, get a grip! the "basher troll in the amply of the shorters" line is a complete myth. Anyone shorting this doesn't need the assistance of anyone on a board that no one takes any notice of. The simple fact is that the fundamentals determine the price, and not wishful thinking by a bunch of deluded fools.
Here's something to ponder....If the power of board sentiment had any power whatsoever, how come your relentless ramping (you won't call it that, so let's just call it upbeat speak) has done nothing to raise the share price, whereas, if the "basher troll" theory holds good, those malign souls in the employ of the shorters have been able to do a better job than the combined might of both you and the AFC PR machine? Either the fundamentals are not good, and the market knows it, or "me and my mates have got a bigger swinger than yeaow!" your choice....
Ahh...the old "you have no valid voice unless you waste a day of your life going to an AGM where you wont get any more substance (and that aint a lot) that is already available out in the real world......
Ask yourself this, unless you're retired, unemployed, or "working from home" (so, basically anyone who isn't really contributing to the economy) why would you give up a day's valuable pay / holiday to attend, when all of the rose tinted comments will be cherry picked and posted here, and any truly salient points will simply be ignored.
As for me, modest investment, doesn't owe me a lot, could put a few bob in the bank in the long term, but at present, just seems a lot more whiffy than it did when invested all those years ago... so quite happy to sit here an call the uncomfortable truth....The undeniable uncomfortable truth is that we DO NOT WANT BOND OUT because if he exits, then confidence will implode, and this could well go to zero, so we need to accept that, unfortunately, he's kind of the only game in town....Doesn't stop people feeling aggrieved about the performance achieved during his tenure, and the remuneration received for the singular lack of progress.
Simple reason we can’t see the Dunsfold facility…….to paraphrase Private Fraser…..
‘Have you heard the story of the old empty factory?…….och…theres nothin in it…..
Or maybe Les is morphing into Jim Bowen…..”great, lovely, super……let’s go over to the factory, and see what we could have built”……..actually, that one is so annoyingly accurate…..everyone wanted to win the car, but all they ever had was a speedboat…..all we ever wanted was a commercially viable fuel cell, and all we got was a prototype chocolate teapot cracker….