Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
This is one of those scenarios where no news is bad news (for the SP)
Basically its still a mess. Not as bad as it was though.
HeadInTheSand, Make's sense, particularly the 4th Para regarding the purchase price for the 21K subs. However, I recall the churn rate not being that bad at the last investor presentation I attended as it was a subject that was brought up. The churn was low because of the structure of most of the contracts If I recall correctly.
Velo, I have done a little digging of my own and have settled on uk.tradingview.com. Really good free charts for a beginner, Ive been picking some of the more popular indicators and running some experiments on my portfolio. Im no expert, but looking at MACD, RSI and OBV one could expect a rise in the near future, perhaps a significant one. 72 looks to be the bottom too. Am I up the wrong tree on this one?
Im not sure If I am encouraged or concerned that the wolf of wall street is in on this!
Did you see that Jordan Belfort replied to that tweet? saying: "Fantastic!" How interesting! Hope he's not going to screw us all over! haha
Velo, I think I understand you: A gap up is an indication of future growth for a share to a certain point. The share will then most likely retract to the region of the gap up over time, where it is likely to rise from again. Now do you pay for a service to look at charts in a certain amount of detail? I am just using free services for the time being, only been at this for a year or so. :)
Velo, I can imagine you furiously typing away last night in haste to get to bed, I hope we didnt keep you too long! I will add PFG and GNK to my own watchlist and do some research on them. Always keen to look up more shares! Profit warnings are a bummer, sell as soon as you hear about them IMO and take the loss on the chin. Although i think in most cases you can see one coming, shares either go very quiet or very loud on the RNS front if something like that is coming. SYM - I got involved with them back at the beginning of August at around 11p, added again at 21p. I got involved because I think the product lines are great and it was a stable business, managed to get lucky with the government releasing new environmental policies in January. Big issue with it is that they down own the Patent's. Big pluses are that legislation is driving their business and its slowing coming in, they have a good BOD IMO and global sentiment is on their side. More on my strategy - I often see a overreaction from shares that issue trading updates that are slightly below market expectations. I think the market will massively overreact to results that are as little as 10% off target, which I dont think represents reality and there fore represents good value. So far, this has worked for me every time although Ive not been doing this too long! Examples: I just sold DOM, where there was an oversell in August. Just bought into MGP where there was also an oversell recently. DOTD also of course. Keep us updated with those trend lines!
Hi Velo, The time was right to sell one of my other shares and I had been mulling over what to do next with the spoils. Last time I was involved in this share I bought in at 71 when I thought it was good value, since then we have had positive results and an acquisition that sounds as though is going well. So IMO its even better value and as I mentioned in a previous post, I really like this company. Im no chart reader so you can tell more more about those gap ups, I make most of my money from oversold businesses over a 3-6 month period with a few LTH in there too. Check out SYM, think its going somewhere real soon :) Its fun to try and buy at the very bottom and sell at the very top. I never seem to quite nail it, however I'm no expert. Good luck :)
Back in today at 72.9
Jsmith, you havnt lost anything unless you sell. It also sounds like you are around break-even if you average buy in is 7.5p, because thats where we are now. Putting 8 - 10k (which it sounds like you have done, if you lost 2k on a 2.5p dip) in a single stock when you are new to the game is a losing strategy. Diversify your portfolio whilst your still break even.
Well, its starting to look like better value again. In the 60's Ill look to move back in myself.
I mean, we could talk a little about how things are going. Couldn't we? The central bank contract now places this share as undervalued in my book, I hope it doesnt take 2 years for the market to catch on. This is going somewhere.
Orders orders everywhere but not a penny to fulfil.
This just keeps ticking up, day after day. Loving it.
If you build it, they will come.
Jsmith, If your investment horizon was a week, then yes it is a cause for concern. But if you are involved in this for the long term, it is unimportant. Its like judging Andy Murray on one game in a 5 set match. If you have bet on Murray to win it doesn't matter particularly if he loses a game over 5 sets. This 10% down isn't even as significant as a game being lost in a set, its a second serve at the worst. You must not be so sensitive to small price movements, youll go mad. Most of the bid and ask stuff on a moment by moment basis is pointless, dont be encouraged OR discouraged by it.
I expect we wont see another significant rise till we get some indication on improved fundamentals. September is the next results. lets hope for a trading update in the interim to keep things moving.
Jsmith, There is a reason why you should do your own research and not listen to people's opinions. Your tying yourself in knot's with hysteria with day to day buys, sells and regular volatility. Decide for yourself why you are doing this and make your own decisions. Its pointless to ask why all the time as the majority of people on here don't really understand why. Just get on with it.
I'm not too concerned with the future for this share to be honest. I'm in for the long term, long way to go on this one.