Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
pg is tight when he’s got the money, which is good but it’s not the first iffy priced placing, which ultimately plays out on the dilution and the end price per share in any deal he gets.
i thought 15p when we were at 20p if we were lucky, 13p would have been ok. i think it’s the amount raised. also as soon as they put the feelers out the slippery ****ers pulled the price down and you get a double discount.
they have to get the money from somewhere though and they have no earnings. you can’t make an omelette without breaking some eggs.
i was always in the for the results, they may well be coming this time and in the not too distant future.
Why not do the raise after the prospectus and CPR have been released. Would surely have been at a higher price/less dilution. Can they be in that much of a rush if it’s in the later stages?
£7m is a lot hence the 11p. Still lower than expected though. It’s been RNS now, it’s is what it is. This ain’t the first time they’ve said funding for testing. I hope they get it done this time.
grh said his hostile m and a radar was going off a few weeks ago. there’s been an influx of **** tards and they are now attacking him on days he’s not even posted. do the maths.
Historically PG has bypassed the testing for further drilling. They now believe the next sweet spot is 2.5km away from MOU4 and he states they’ve gotten used to the geology with shorter (cheaper) drill times.
Someone posted earlier no movement on the MOU4 location on satellite. There could be long lead issues or funding, or they could be going for the testing as previously described.
The good thing is they have options and maybe any deal in the background will drive the next move.
No one invested should be worried about placings or raises. They need to do it to get value for shareholders. They can’t raise without a new prospectus, and as you’ve quoted, CPR should be released at the same time. PG has not been hanging about since the turn of the year. Long may it continue.
PG stated in the Sunday Roast they would be good to do a deal after MOU3, if that was bigger than expected that should only affect the price. Next news could just as easily be a deal with a prospectus with it or closely behind. He’ll need it to get his shares back to benefit from any deal.
Indeed the situation is fluid, however, any more money required through a raise will require PG be made whole again with his shares as there’s little headroom now. That requires a prospectus.
Whatever next is coming as soon as they can make it happen, given the recent pace of events.
To roll it all onto one of the next projects where the risk goes up again wouldn’t be great. Assuming they can get a deal away for Morocco, return what they can to shareholders and then move on to T and T and Ireland.
It’s humbling that someone with no financial interest would take the time to give free portfolio management advice. It’s always welcome to be reminded when you’re 5+ bagging that things are not as rosey as they seem.