Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
TKIA asking people to leave Martin to do his job, yet he has phone calls with him !?
theyknowitall RE: stale bulls
...
You bought into the wrong company at the wrong price and should of sold but never did
Simples
Not Martin’s fault one bit so leave him to do his job with his timelines
theyknowitall RE: Echo Energy
...
I found the team very helpful and supportive with even a scheduled call with Martin.
"No point in worrying about newsflow"
This doesn't make sense to me... I think it is very important that shareholders are kept up to date on where we are / what the plan is ahead. There is so much unclarity about what the current production output is and what the plan is for the weeks / months ahead. How are new shareholders meant to make an informed decision as to whether to invest or not?
What I got from him was, "We are currently finalising how best to optimise the situation in light of these developments eg focusing on gas or oil production enhancements vs new projects such as Monte Aymond and the testing of Campo Limite. It is testament to the marked improvements of our financial position and future outlook that we are in a position to consider such options. "
Some over optimistic figures - people setting themselves up to be disappointed!
Martin has still yet to prove himself , he hasn’t delivered any actual value for shareholders yet. 2 months since the raise and no one knows how it is going to be spent (email from Martin last week indicated they were still deciding between workovers vs testing/exploration) , and we were going through money quick enough to need the raises in the first place. Decent operational update and presentation with updated timelines is well overdue
"it was a buy , common sense says it was as you could not buy anything till it came up and it went up to 70 + soon after , i am sure 25mill sell would not do that ,"
You could buy - just in small amounts. Also, would someone selling a big chunk not make more available to buy - hence being able to buy afterwards :)
Go easy on Adrianuk, he is just reporting what was on simplywallst - https://simplywall.st
I emailed Martin only after not getting a response from their head of investor relations (Sarah dees), I think that is a reasonable approach.
Investor communication has been poor of late, and as it turns out Sarah is not working for ECHO temporarily, as part of cost saving.
Investors have a right to be kept informed as to what is happening with projects that have been mentioned 6-12 months ago without updates
If you are looking for an indication of production updates... look at ECHO's other partners in santa cruz sur - https://www.interoil.no/?year=2021&page_id=13&PressReleaseID=2440435
Notice they give monthly updates, whereas you'd be lucky for quarterly here