Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
yes but improving
I expect a spike tomorrow, as per my previous comment, this sell off is completely unwarranted.
Not quite sure why everyone is investing so much chatter with someone who is clearly bearish on the stock and entrenched in that view for whatever reason, clearly they don't own it. Always useful to get opposing views I guess.
Regardless, I've taken this opportunity to increase my position over recent days, it is my judgement that TLY has not yet lost those contracts, there is a procurement process in flight that which has not concluded, and will conclude next week. "sources close to the matter", may or may not exist and may or may not be anywhere near the blinking "matter". In fact the article causing this price fall is in my view is very poorly constructed and at least in my head contradicts itself, there seems to be more inference than fact whereas RNS are facts.
Lets see what happens on Wednesday next week, maybe a bit of a binary call, which I generally don't favour, but long term prospects are clearly promising for this company, so either way seems like a win/win in my mind. DYOR, clearly we are all some distance from those that actually know what's occurring behind closed doors.
In the wider context, far more contract wins than lost renewals which underline the ability of this company to win work based upon selection criteria that will undoubtedly include reference site testimonials. Clearly something awry somewhere in the equation for these particular UTC's, but this whole "a senior source close to the situation" salacious editorial hype drives me up the wall. Contract wins, losses, renewals is part of doing business, fundamentally this is a good company with excellent prospects.
The dividend yield is based upon your purchase price of the stock. If you buy £10k worth of stock that carries a 20% dividend you will receive £2000 in dividends. If that stock increases in value to £100k you have made a capital gain of £80k. But your dividend will remain at £2000 unless they increase the dividend payment per share. ie its based on the number of shares you own multiplied by the dividend payment, not the capital value of the stock.
If you want to earn good divi's buy low and don't sell that stock unless it drops below your purchase price.
Looks to me like a single buyer grabbing £50k of stock, and trading within the EMS. I could be wrong, but the spread of trades suggests to me a single person, an educated guess only.
Yes, I recommended JLP a while ago (I hold). and some clown on this board dissed them, didn't rise to it as he obviously had a different agenda and/or was a proper clown. Nevertheless SLP (I hold) still has legs. I will top up on both at the right time, which for SLP I don't think is now, but DYOR
Too many conspiracy theories.
Platinum has been trading in a range for a while, SLP has got ahead of itself and has had a bit of a sell off. Platinum is now at the bottom of the trading range so I suspect is likely to go up tomorrow, SLP will follow (who knows). However given the correction don't expect an immediate bounce back to previous levels straight away, the market is saying lets just calm down a bit. I hold, would have topped up today but ran out of time.
JLP
Thankyou RightOn and StanleyUK for your replies.
I doubted the recent placing being sufficient to bring this into operation, however having studied Hardman's report I see the plan is to raise funds via debt and another small placing next year, good that shareholders interests are not being diluted further. DCF's seem reasonable and cautious assuming continuing catalysts. Earnings seem a bit lumpy but I guess this goes with the self funding approach being taken.
You've convinced me to take a small opening position, obviously all eyes on the outcome of the feasibility study, I'll watch the news flow with interest.
Thanks
This may seem an odd question, but why did they ask you to do the webinar and why now, what was the specific motivation, call me a little sceptical but it does strike me as odd that they are asking a PI to host this.
Are they wanting to drive the stock price up by appealing to retail investors because they are struggling to get institutions on board. Given that they have just done a large placing, why are they keen to get retail interest now as there will be no discernible value for this at the moment, unless there are other moves afoot.
Maybe I'm just a born sceptic, but at the moment something just doesn't smell right
There were 1600 logged on not 3000, it wasn't an analyst it was a Private Investor pitching the stock to other PI's.
A number of people will be holding this stock purely for the divi, in this climate many will consider banking the dividend and then selling the stock in the hope of buying later in more certain times. Also a number of brokers are reducing guidance, I believe HSBC have downgraded to a hold this morning in line with many others,
It's as richtips has mentioned, its hidden in the "crash proof your portfolio". It's a very poor article in my opinion and should be largely ignored from Bango's perspective as I have said below. Effectively it suggests selling and taking profits, which contradicts ST's view, and mine for that matter, as I have also said. A storm in a teacup and not worth bothering about IMO
yes, Hardleyouth, in summary share price rise faster than forecast earnings growth and a PE>20, but we all know that's not really applicable to Bango, or any company at the same stage Bango is in.
Nothing to worry about. Investors Chronicle did a very basic screen published on Friday and it identified Bango as a sell, Simon Thomson of IC however said it was a buy previously. So most probably what's happened is all the Simon Thomson PI's have got spooked and sold, apparently ST is on a sabbatical so can't reassure his readership.It comes with the territory with small caps :-(
And now we have the answer, not MM's after all, but retail investors reacting to a broker downgrade
Steady decline on no news and unremarkable volume (with no visible bias) = potentially market makers playing with the numbers. The question is why are they doing it ?
BARCLAYS RAISES ASOS PRICE TARGET TO 6840 (6670) PENCE - 'OVERWEIGHT' ---------- DEUTSCHE BANK CUTS ASOS PRICE TARGET TO 5800 (6000) PENCE - 'HOLD' ---------- JPMORGAN RAISES ASOS PRICE TARGET TO 6300 (6000) PENCE - 'OVERWEIGHT'
Yes, I came to a similar conclusion and bought on 26/9. Having taken into consideration wholesale prices, the cost of extraction and also the cost of the new and inherited debt financing I came to a figure that essentially doubled their current reported earnings. So happy days, I'm up 12% after costs but there is plenty more headroom on this stock IMO, DYOR