Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I've seen enough and flipped back from miners to MSTR. Expensive mistake there being out 2-3 days, cost me 4 MSTR shares. It sure does seem to have the wind behind its back, miners on the other hand wading through treacle.
The fact he is chucking in Β£2m+, seems like he would only do that if he sees an opportunity for ROI on his money. Why else would you do it. His fees and salaries pale insignificant to Β£2.4m or whatever it is now that he will be putting in.
He just needs to communicate his reasons and then we can all make our minds up.
Knco I hope he communicates everything to the market before the shares are live, that's all I'm saying. And if the company has been transformed, why didn't they map it out publicly and raise at 3p or higher. Hopefully he can answer that aswell, why the raise at 1p.
Knigel thanks for bringing BIDS to my attention, another share I was heavily invested in a few years back and had a lucky escape from. I will say, for all this share winds me up and I'm not a happy chappy this morning, DC is clearly not cut from the same cloth as the CEO there, Draper. There is no greater demonstration of confidence than putting your own money in, and Draper took took took, sold shares and took took took. DC could have let this go belly up and he deserves credit for not letting that happen. I just wish he could put himself in SH's shoes every once in awhile and tell us what is going on. And tell us why he has the confidence to chuck Β£2m+ in...
Knco / TSG - I respect both of your positions and you obviously know more than most about what is going on. The majority of other shareholders don't have that luxury so all I will say is, hopefully they reveal all before or at the point the SP goes live, otherwise my guess is we will be hitting 1p pretty fast, if we don't open there that is.
I do gain some confidence from your posts but they need to be an open book now, cat has lost its 9 lives. All this cloak and dagger stuff from them winds me up. I've got alot in here and have had enough of being treated like a mushroom. Time for full transparency before the shares go live. Shouldn't be too much to ask, especially if the future is as rosy as some are implying.
Agree 100% Beastly. Alienates any shareholder not involved in the placing as we have zero idea what is going on or what the direction of travel is. RNS stating Friday 8th and here we are market open on the 11th and still nothing.
An RNS after hours then, some kind of conclusion/update to their own given deadline. And they announced a week ago was it, so it could have been sorted before the 8th, but as ever we go into extra time. Hopefully penalty shootout next week favours long suffering SHs.
Did expect an RNS today, otherwise why quote 8th March. Still time I suppose.
Dam is breached. Is this price discovery coming up?
Decided to cycle out of MSTR and into WULF. Gamble for bigger gains on the horizon. Lets hope it doesn't backfire!!
"I'm not expecting relisting to occur for a while yet as nobody appears to want to part with their cash to cover the placing amount."
Regardless of any other factors, given they have announced next to nothing about this placing to the wider market, it is not a surprise they have struggled. Poor communication. I hope they have struggled and dilution is at a minimum at 1p level.
Thanks CLSK I'll take a look. Easy to get carried away listening to Saylor and the other YouTube channels.
I do believe behind the scenes that things are a mess beyond most peoples comprehension, including my own. I think the Fed probably understands better than anyone and incompetence is a very useful camouflage used by these people in power all too often it seems. CBDCs would be more easily accepted if the old system is in ruins. Very cynical view I know lol
I think all bets are off on how this cycle is going to play out. 11 US listed ETFs is it currently? How many more ETFs are in application across the globe as we speak? Hong Kong could be interesting, unlocking China market. Middle East will surely want their allocation. Then we have the rate cuts, which will surely begin at some point in the next 3-6 months.
Interesting to hear thoughts on why you think a general market crash in H2 CLSK?
Also as a previous holder of KR1, very well put 404x - the Director bonus structure not linked to SP never sat well with me. Their interests are not aligned to shareholders. SP is steady though and less risk than miners imo but with much less potential upside aswell.
I like WULF but seems to attract more than its fair share of Wall St skullduggery. That said, if btc pumps like the world is expecting, short squeeze could add further rocket fuel to its SP.
Pleased to see this dip. Hope it hangs around for me to get funds together to take advantage of. The more researched you are the more it helps cope with the swings and knowing your investment. Have a look at the ETF inflows for anybody who is concerned because they are temporarily underwater. And grow some b alls as somebody else stated!
Microstrategy seemed the safer play, with the halving uncertainty for miners. S&P500 inclusion and might they do a stock spilt aswell I wonder.
Reads like a positive update to me. And we have a date to hang our hat onto now, rather than indefinite abyss.
People showing their true colours, unable to acknowledge anything positive.
Took the MARA gamble before earnings but have cycled into mainly MSTR and slightly smaller stake in HOOD. Small punt on WULF aswell. Seems miners are in the dog house after being the darlings this past 3-4 months. I'm sure they'll come back but can't get any work done being invested in miners!! Can switch off abit now. After being seriously burnt by AIM this past few years, capital preservation name of the game for me. Good luck all, whichever way it goes BTC seems like a safe bet bar ww3 breaking out.
Ok thx
To what extent will the demise of miners with soon to be useless equipment offset the halving pains for the miners that do survive do people think?