Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I think the recent rises have been really encouraging. Before we jumped up, then fell down a bit, then jumped up. Now instead of the super days with 22% up then a steady fall, we are seeing 8%, 6%, lose a small amount. Its a steady but currently quick rise. Year highs will be regular.
Also added. Bought at 26,25 and 24 now. I am sure it will drop further but at some point the short has to close from Mangrove (why didnt they close at 17p before?).
Hopefully the negative guy comes on who says 'strong sell' which usually gives it a great run upwards can reappear!
Well here we are and it didnt drop down there.
The earnings forecast on simply wall street is 42.8%.
Looks really promising at the moment.
It wil probably go up and down in and around, possibly sometimes below and above the 20's for some time until things become more concrete. At that stage, without warning it will adjust to another level. 26 is probably a reasonably high starting point for the short term, as we tend to get news, a jump, then a gradual reduction. Do be sceptical about what people are saying as the main objector thought a strong sell was a good idea at 17p a few weeks ago. That would have been a wonderful time to buy. Before that, we had a similar objector, who, at 10p said it was going to go to 5p. Shortly after that, it was at 37p. So the best advise is to hang around, and if you are feeling lucky, watch out for the most negative posts as they seem to come just before a strong rise.
They just put a deposit down for some more land, before that they told us about upcoming bond payments, before that confirmation of the something by an independent what do you call it.
Mangrove will be disappointed by your results. Try another username? Fingers crossed for them that the SP drops again.
Mr Opposite, I actually think you could cause a collapse by changing to strong buy. You were a strong sell 18% ago.
It just seems Mangrove are doing a dangerous gamble. If they were not also concerned for their short, they wouldnt have people talking don the position multiple times a day. I am surprised they didnt have a sigh of relief when the price was back down at 17p. I actually thought at that point, what a genius move, they can close.
Just recently another share waiting for results needed to raise money, of course diluting the value of the share price. The price has since gone up rather than down (I dont know if I can mention that share on this board, if so, let me know and you can check out them raising cash).
I wonder if you are the decision maker, telling us these things? When Louis declared at 10p that the price would halve, the price went up. Or I wonder if these are instructions of what to say?
It's funny as when the shareholders predict an increase, that often goes the other way. The real influence comes from the real life moves from the company. With them buying shares themselves, I can see why you would be posting and nervous, but mybe calm down a bit. 135 posts in 30 days with no agenda? It looks silly when the share price goes up.
The Mangrove position is worth a lot of money either way, so yes, spreading as much bad news as possible has financial value to it. The person who posts multiple times a day does have an interest in it dropping. Nobody would waste their time posting on here without an interest.
Agreed, its going to be around a certain area. Just a bit lower today, so might be a good historic low for the Mangrove partnership who I feel are lucky to have held on through the last time it was in the 19s. We get nearer (slowly) to a time of reckoning. Indeed, the daily or hourly comments are waves in a game of seasons.
I thought that Mangrove was going to get out at 19p. I cant remember where I got that idea from? Maybe that was the value at the date they made a change? So when it was below 20p I bought more shares. Once mangrove leave at 19p (if they did or didnt) it would be free to fly.
Two factors I think. One of them is timing. As they wont produce oil just yet, there is a gap in time. Secondly, during that gap, the way shares are traded in small amounts varies and is magnified. You have short term folk looking for an increase then longer term trends, mix that with ai assisted trading and people trading using random lines on a graph and the result is fluctuation.
We would all assume that posting on here has some bearing on involvement in the share, historic or current. For instance, I am not on the Johnson and Johnson page posting 3 times a day, nor am I a blogger in hat field or experienced in it in any way.
Whatever the involvement, the more at stake, the more work that would need to be done.
If you invested in shares and wanted or even needed the position to be up, you might keep reposting good news, or using some indicators as to when it will go up "40p soon", "projected 1.30" etc.
Of course, the Mangrove parsnip has a short against this share, the history of which stems back to December 2022. So anybody interested in that might be saying the opposite and writing down lower figures.
In either case it doesn't mean one is right or wrong, just that people are posting with an agenda. If somebody would just register as Oil Mangrove Jim, posting multiple times a day in all directions, that might lighten the mood!
In the past, we have seen some unrepentant growth after a similar spell of easy wins. I think yesterday was the last day of cheap shares. The sp sits above £1 in the good times. The smaller investors are thrilled to see 30p having been in the teens but some bigger longer term folk will look back at the 40p they buy in at and be happy it goes back above £1.
Are they flowing oil and selling it? Not yet. Will they flow and sell oil? The information suggests yes. When they are flowing oil, what is the likely share price? Probably beyond previous peaks. The all time history on the share and the strong information we have suggests a price we havn't seen before. We are the early, small investors.