Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hi can anyone advise if we can expect notification of st2 funding and the extra $400- $600 million at the same time or will it be just st2. I would have thought that if both announced at the same time it would all but guarantee the mine will be finished and I would expect the SP to double even with some dilution as this is now priced in. would love a strategic partner to join SXX as this would give extra confidence to the market and we could see the £1 party sooner than we thought
News years resolution " think positive "
Hi
are there any forcasts as to future SP, how high could it go ?
Your post re Christmas brought a big smile to me, had exactly the same experience especially Grand children wrecking the house, we are still finding half eaten food stuffed all over the place.
Hoping for a better year for my family share portfolio , been a disaster in 2018
We will soon find out if our Board of Directors are as good as they think they are and if they have secured the funding we need ( no mention of letters of intent ??? ). The banks have the upper hand and will get their pound of flesh and much more at the cost to private investors of half the company value . I can cope with this and think this has been priced in with the present share price 20p ish, so I predict we will see a sustained recovery of the sp after st 2 is secured and with a bit of luck production date brought forward and under budget . I have learned a great deal from investing in SXX and I will think twice on projects requiring massive funding . yes its worth a punt at a penny a share but I will take my profit in future and sell at the first sign of dilution .
good luck to you all and hope we are all in the blue with SXX in six months time
we will rise from the dead and what we sow we will reap I just hope it is in this world and in the next 2 years. I have come to realise over the years that the big fish love to eat us little tiddlers, they play with us by causing uncertainty and with a company like SXX it is so easy for them. At this stage we are building a mine with no income so unlike other established FT companies who are cash generating and paying dividends . Sxx at this stage are seen as slash and burn by speculators who will move on when our funding is sorted and providing the building of the mine is not subject to delays we will reap our rewards, can you imagine the day when our first boat load of Poly sails away and we have a income producing company the SP will rocket and each output increases the SP will follow.
Have Faith but remember nothing is guaranteed
Please don't take my post the wrong way, I have never sold one sxx share and would like nothing more than a strategic partner but as they say history repeats itself and the market has priced in the potential for a share issue at 20p, I am just telling it as it is , we are kept in the dark and you should know this from the last share issue . the truth is we need 600 million $ to secure stage 2 funding and as they say they have got us by the balls.
I am here for the long term and just don't like the thought of dilution of both SP and future dividends
£600 million extra cash needed on top of stage 2 funding
so £600 million x 20p sp = 3000 million shares, o my god only 4797 million shares now issued with mcap of £1024 million. Am I right in thinking that the £600 million needed will cost us over half the company ???? and how will this effect the shares that we are holding,
Expert help please to explain
Respect your posts, one of the few who only comment when you have constructive thoughts, you have been quiet of late and thought you might share your wisdom now that we are well below the SP of 22p that ST1 funding gave us and if you remember the people in the know knew in advance the share issue price of 22p and got out well in advance.
So I think a strategic partner is not to be and it looks to me like the extra 600 million we need will be a sell out at 20p a share, it has all the hallmarks of manipulation to get the shares at bargain basement price.
Its like Brexit we need a deal and lenders know it, I think we will hear news very soon extra funding sorted at 20p then we can move on to ST2 and look forward to a spike then steady rise
Merry Christmas to all and a prosperous New Year
22p brings back bad memories, been holding for years and down a lot of cash on paper, I am stuck in the headlights again but can feel sub 20p and dilution really hope I am wrong put as they say history repeats its self but on the plus side can see 40p when funding sorted , wish I had nerve to buy more at this price
HI I noticed today BP are starting production at Clair Ridge , does anyone know how far HUR fields are from Clair Ridge ?
A happy new year to all ! if all goes well with funding I can see by the end of 1st qtr 2019 the share price will be 50p
Wish my Mrs would let me grab a few more shares at this price , but she was wise enough to sell before the drop and make a nice profit
would be interested to hear what other posters think the SP will be when funding confirmed
got caught before when price was 22p thinking the only way was up but it then went to 17p before recovering, very testing time until funding sorted . very very tempted to buy more but have we reached the bottom is the perplexing question I always seem to time it wrong but next week should give us a good idea. God I wish I had insider knowledge on how close we are to nailing down ST2 funding and also the 400 to 600 million is probably more important to PI investors last time SXX gave away shares at 22p when the price was if I remember correctly nearly 30p . Now the price is 22p so I worry if SXX are forced into another give away how much below 22p they will offer them at
Day Traders having a great time, hate to say it but as a dedicated long term holder who always looks o the bright side I also feel like the proverbial rabbit stuck in the headlights and yes I know no risk no reward , I still believe the uk government will back Sxx and NOW would be the right time to say just that to stop all this uncertainty on funding.The Northern Powerhouse needs projects like SXX so come on Mrs May give us some good news that you will give the guarantee the Bankers need and we will all sleep a little better
Scotman , am just a novice investor who had a dream that Sxx would be a good home for my hard earned cash.
I have worked in Banking and now retired , they get the big bonus at our expense " nothing changes " but will not sell and hope we will see the £1
Remember the 22p give away . I have a horrible feeling us PI s are not privy to what is going on behind the scenes regarding funding and of coarse the Bankers do . I will not sell but what lengths will the SXX board go to regarding the securing of funding . It all looks like a give away at Private Investors Expense, I really hope and pray that I am wrong so SXX please give us some good news regarding funding or the share price will keep going south
We need confirmation that Sxx have sorted the 600 million shortfall with no dilution best option strategic partner then st 2 funding should be on good terms and this share will rocket
seems a determined effort to get s/p down even though more buys than sells over the last week of drops . I have given up trying to solve the riddle and just hold and wait, still convinced that when stage 2 funding in place we will see a very big rise and then a slow upward trend with positive updates
Little children fight and bicker grown men and women should know better so can we please keep this chat room a pleasant place to visit so that we can use it as intended that is to share information that will make us all a little money
Very interesting article on ICL on Yahoo today, it goes into great detail on there core business that being mining of potash and other minerals at the dead sea . they are being asked to re tender for the mining rights with stricter controls on water usage among other controls. they are the sixth largest producer of potash and generated over 5 billion on sales. I can now understand why they are worried about SXX and would love SXX to fail . It is a interesting point that the Israel government have a interest and partial control of ICL
HI and good morning,i have bought into egdon and igas as a little gamble. my main interest is the result of frack and gas flow rate from the caudrilla site just down the road from me in blackpool. they have emailed me to say all the results should be in mid summer. if the gas flow is good then this will be the spark that ignites the fracking industry in the uk. I will quickly buy or sell egdon and igas as soon as I get caudilla results