Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hi FIC.
For clarification, it is not a meeting scheduled to be held before the end of May, but the publishing of the 2021 accounts.
A meeting for which shareholders will have the right to vote, is being planned, but as yet there is no date set. From what I can see the meeting will hold resolutions primarily to approve the new Capital Enhancement Plan. This will include the ability of the directors to allot and issue new Ordinary shares to allow the further placement in June. The 2021 AGM gave a ceiling amount of 19.9% of shares to be allotted. It will be interesting to see if they set a figure this time or the wording allows unlimited shares (golden tickets) to be allotted.
My thoughts (for which it appears nobody cares) is whether the auditors require the result of this General meeting before signing off the accounts. If they do, then we are probably looking at further delays to the 2021 accounts being published.
What they do with the extra funds is another matter, but at least £24m is still owed to the TF boys, and due by end of 2023, so I’m sure the auditors will want to make provision for this.
Good luck
Hi Guys.
Lovely warm day out today so took advantage of it, but due to Burnley’s invite last night I’d thought I’d look in.
Anyways, good on you Divvyup for asking “ Come on guys raise the game, it’s your money that’s invested. Ignore those not invested and use your time to pressure the BOD for some real answers.”. Yep. Ignore those that have been telling you what’s been happening and write to the guys who have been lying to you for the last two years. Event they’ve realised they cant defend it so have stopped posting. Either ways, having fun playing the Thick2 bingo game now that AZ no longer posts.
Have a lovely night all.x
Can we please all just take a moment to think about the invested ones who spend their life on this board messaging about the uninvested ones, thinking it will make a difference to the share price; think what they could be doing with their lives instead.
Strangely Sandy, I was posting and thinking about those same holders back in September 2020, before they lost that 90%. Apart from the abusing ramping fact deniers on here, I still feel for them, but it’s not as if they haven’t had enough warnings from the likes of myself, Ex, Castle, Lex, Brass, Wolf, Napalm etc or red flags from the company. Maybe people should also think of the people who are currently thinking of investing and could IMO lose 100% of their future investment.
And don’t remember ever reading a supporting post from the rampers when I shorted SYME. Apparently I should have burnt or some such.
Good luck to you though Sandy.
Maybe you should believe these guys.
https://www.stockopedia.com/challenge/2021/entrant/1281129/
The site StevK posts on describes SYME as a ‘Sucker Stock’. Even a blind monkey could have been picked at least one winner, and since the end of 2021 all five have suffered massive further losses.
Or even good old Jonahb who on 26th April wrote this little nugget ““could not care 1 iota about your factual posts lol”
Funny as f***
Ellie.
“Will be strong SP performance now that CLN is over”. First of all, the Mercator CLN is not over and when it is, will be replaced by a further one. Secondly,Just in case you missed this part of the RNS;
‘Subscription price for the mandatory tranches: fixed price of 0.05 pence (approx. 21.5% discount to the lowest market closing price of the last 52 weeks). Subscription price for the optional tranches: the lower of (a) 0.05 pence and (b) 85% of the lower of (i) the volume-weighted average price of the ordinary shares over the 15 Business Days before the date one Business Day before admission to trading of the shares comprised in the relevant optional tranche; and (ii) the closing bid price of the ordinary shares on the second Business Day immediately before the date of admission to trading of the ordinary shares comprised in the relevant optional tranche.’
Emerson. I think your correct in that SACE is only available to Italian registered companies. But with the shareholding/parent company being UK I’m not convinced it would make any difference. But its a moot point IMO, as SACE only guarantees loans, while SYME’s USP is in the true sale concept.
Castle. “ If the Venus capital deal didn't happen it would have been suspension and possible administration.”
Correct, which is exactly what happened last year with the TF purchase. Unfortunately as per TF, it just adds more debt to the pile. IM is, and has always been the only way out for them, but I believe the concept to be fatally flawed, and even if they do get a funder, there is no proof of Concept until that companies audit has been approved. It’s a case of heads I win, tails you lose me thinks.
Castle. Broken promise accepted. And agree there is no actual need for an extension other than prolong the life of the company. But they can apply for it. Wording of the RNS implies it has been agreed, but with SYME you never know ;-)
Castle. TA appears correct on the extension as far as I researched. Not sure I would have used Alpha Growth (or lack of) as it appears to be another small MCAP company in financial difficulty, looking for extra time to
Correct ns20. Nothing has changed.
Deadlines still being missed.
Still no IM.
Mercator CLN still converting but replaced by a further CLN.
Still no Chairman.
Still no word as to why/if replacing the Secretary.
Still need to find a further £24 m in the next 10 months for the remaining purchase of TF.
Still nothing on the Stormharbour/Fintech Bank/captive bank/ etc, etc.
In short as stated. Nothings changed