Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Spent a little time looking over MAST and these are just some thoughts, take them as you please.
The loan from RGO is under Pyebridge Power Ltd because it had few £ liabilities, KIBO and MAST didnt get the funding because they had £5m and £2.5m liabilities and already owed RGO money.
Kibo has no money apart from what its selling the MAST shares for
Mast PLC has no money apart from the £80k director loan in December.
Kibo will drag along for a little bit using MAST sale cash, Mast will need to raise capital at PLC level very soon as already running on borrowed time.
The only way RGO get repaid is if they list Pyebridge and rinse some cash raised from new investors, i am predicting they will do this via a shell company to save on costs.
And i dont think it will be DKE who is within the web of companies involved here, as they already have £1.6m of liabilities, they will want a cleaner vehicle in the fold.
Good luck either way, but if this rallies they will be raising money and forward selling placing stock in to any volume.
Just a flying visit before the RNs lands.
lol Neil, gets this abuse on every stock he buys, he specialises in dying companies and knows how to play them better than most (in part because he’s learned from his losses on many), the result is always the same so movement : drop drop drop, rally, drop, drop, rally, drop, doors closed.
If you have to play just Treat it as a roulette table gamble, beer money, take profits when you can, maybe leave a little free riding for the flutter if you must.
But what he says is true in 99% of cases, and everyone always thinks the next share is the 1% that won’t, good luck to everyone anyway, never hurts to take profits.
Well must say the Churn to a bounce post news and subsequent large II sells is taking much longer than I originally expected.
Half a mil mcap, cash in bank currently prob around the same and $2.9m of AEGs cash to fight over, I expected it to stabilise at around £1-1.5m mcap.
Worse case it’s currently a cheap shell with some potential cash back from legacy, best case they can monetise something from their patents / ideas. (For the benefit of the company, not their pocket)
Worse case long term is the same as any company with costs and no revenue if they dont get their act together
+41% today, going just below 30p IPO levels, the rumours when it was going through the CCAP RTO was that management wanted a take over in a few years, who knows it might get there.
Fingers crossed.
PDI have no corner, they were paid to supply something they didn’t. Initiating legal proceedings is standard delaying tactics and costs very little to initiate.
AEG is the party that has lost out from this, should be a simple open and closed case, but obviously time costs money and money is something that AEG are running shorter on by the day.
Plenty of + and - in that, what matters to me :
“Active Energy continues to seek resolution with PDI on various outstanding matters, including the return of cash of $1.1m paid by Active Energy toward development of the Ashland Facility and the return of additional prepaid monies for future services amounting to $300,000. Active Energy also continues to seek the return of its production equipment and components situated at the Ashland Facility or to agreed alternative compensation from PDI.”
“In the absence of an agreement being reached between the parties in the immediate future, the Board will have no alternative to launching legal proceedings against PDI to recover these funds and for the significant damages incurred by Active Energy as a result of PDI's actions.“
That last TR1s been sent by snail mail….
“As for the patents Tyler Player has already announced his company will be using a different process to produce their steam exploded black pellet ”
The Shovel and brooms aside, Can any of the equipment AEG has on that site be used for this alternative process?
There’s their other 3m, could get interesting now.
3.5m trade is LO potentially all out, or they might still hold their past 3m.
Either way churn churn churn….. nearly there.
Wake me up at 5.25-5.5p b/e or bury me if I pass while I wait.
Well done if you profited, many of us still need a lot more, it’s only profit if you sell.
~63m volume since drop, I expect another 20m volume needed to see LO and PO stock settle, then it rises on small orders into a quiet order book and before you know it it’s 0.8-1p again. (Unless x or y happens )
Until volume : just Dripping what they can with tiny trades to clear their books in to no volume, Just needs churning…..
Just got to Churn churn churn ….. all them shares Lombard and pm have been selling large stakes against each other in open market, will prob need to see 4x the volume sold to settle them in to the market, their brokers would have taken the stock on and are just dumping in to any price and volume, when it stops it will bounce.
Thats the trouble with stocks that have little buying volume, naturally the price drops as they dump at lower and lower, but the benefit of a lower price is they can dump more shares for less money to others willing to take the gamble.
Took my second small amount at 0.43p, still a gamble and I will moan to myself when it’s NT to quote or sell on illiquid quiet days but at half a penny it’s a short term punt with reasonable odds of success in my opinion if aware of the pain it could be, but i have no intention of holding for any long term development and will sell when I can in to any volume at higher prices, just personally trying to take advantage of PM and LO and whomever else is selling at almost a 100% loss as I have with countless other stocks they have done the same in, some you win some you don’t.
I punted yesterday because they said “in November” and didn’t mention any covenant breech yesterday so expected to be good till atleast Wednesday next week, was only a small trade, part of the risk when gambling on timing a trade against an inevitable delisting or administration.
Could just of easily not suspended and doubled today.
That Sucks, they said November, oh well. Swing and miss.
*All of those listed FUNDS will be selling at market against each other in to any buy volume**
Hello members of the asylum that is the LSE bb
All of those listed funded will be selling at market against each other in to any buy volume, I expect most have already sold, RNS says cov breech in November- so it could be early middle or late November but it’s going to happen.
If anyone wanted to buy the company, inject a bit of working capital and use the stock market to refinance at a later date and give them a route to exit - now is the time for them to move and buy a controlling stake for a couple hundred k, once these II are out it’s only punters selling to each other left, rest will hold till end or be dribbles of small trades exiting and taking a near all loss.
Otherwise it’s buy it from admin, which has some pros and cons to it. Like trying to negotiate some of the debt away and ridding themselves of the inconvenience of having pesky shareholders to deal with.
Hopefully everyone has a week or two to play with SFE, good luck and remember it could(likely) end up as a zero.
Watched for few days every time it ticks up to 35/40 it gets hit back to 30/40, no manipulation mm just processing limit orders at 35p.
Imo…