Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Tbh what id like to see is growth at liquinet if that is the strategy.
It's a 100% sub, so no reason not to put the tp icap clients in there if they can get the integration right.. but markets view is they have made a pigs ear of it. Hence the share price and disappointment in the results of it.
Still if this drops back to around 140p I'm a buyer, but without some view of what post buying brokers growth looks like im a seller at 180-200p.
Interesting noises from FCA btw about platforms needing MTF regualation etc and not restricted to those that just execute. Should help the big boys by clearing out the smaller ones.
Grand total of what 885k shares at roughly 0.1p so under £1k. Prob cost more to publish that.
Don't think jam tomorrow MOU or the sample is on the truck chaps will cut it.
Need some financing news.. where's the timeframe for that? Don't care which project.
I-swap is ICAP electronic platform for bonds and been around for a long time. You don't need to purchase anyone to do a platform, theres plenty of MTF/SEF ones about for nearly every asset class so unless your mad you develop one yourself if you have the liquidity. If you don't have any liquidity then maybe buy.
The problem has always been voice brokers won't be the Christmas turkeys and post their liquidity to screens as it erm cuts themselves out of a well paying job. Buying any platform won't solve that.
Michael spencer realised that at ICAP, sold tullrts the voice element, sold all his shares in tp icap the next month (a massive red flag) then made a fortune selling the electronic side to the CME. Nice trade.
If tp icap strategy is now making all the voice brokers so expensively purchased redundant by getting the liquidity onto screens which historically they have been laggards in... Then it would explain the share price.
Doesn't need new articles would need a full shareholders resolution tho (typically).
Can't recall is sheik plus a couple of other large ones can carry 50% (unless 75% defined in articles).
Doesn't tend to be an issue for blue chip stocks, those on aim who have billions of shares in issue, can catch up with them!
It's a legal point in the UK , US (and I believe RoW but hey might be some odd place where you can) you can't issue shares for below the nominal value.
I.e. if you have shares with nominal value of 1p. You can issue for £1 a share and take 1p to nominal and 99p to share premium. Or 10p a share and take 1p and 9p etc
But you cannot issue for 0.9p as below the nominal. Legally there's 0.1p per share 'missing' so they can't be added to the register.
These are 0.1p shares nominal (I believe) so unless she can pull a raise off at 0.1p again, there will need to be a consolidation to adjust the nominal to 1p or 10p etc. (10x or 100x).
Whether she knows or not don't know, the nomad, broker and lawyers will.
Been said before but situation is IMHO;
-at this point only financing arranged with associated details will cause a material spike (as then people can see what value there is for ORCP post funding and apply a risk discount)
-another MOU after a decade of non binding nonsense would be a joke but so was the iron ore was it? Uranium next?
-another placing will be well signposted as needs a consolidation. However you could do both at same time. I.e. RNS that there is X placing and day before there will be a 100 to 1 consolidation or whatever. Depends on the articles which if someone is really keen they can dig through.
-looking at past prices of shares in pence is pointless as you are not taking into account the dilution that has happened nor the BS risk that has made the market skeptical after a decade.
Unlike HS2, they are not building diddly squat.
They need financing first that's the timescale that's needed. Doesn't mean it has to be on date X but some idea of which QR and who might be actually paying for the building of the project is required for this to move upward. IMO.
You'll be able to spot it a mile off..if theres a 10 for 1 consolidation before any actual news then you know it's more MOU's and dilution for Christmas.
If there's decent news before it should re-rate and then different game.
360k June should take to Nov/Dec if no investment required i.e lights on. If investment required raise would be combined with decent news one would hope.
Personally as former holder, and long term watcher I'll wait till something real not just MOU land. All depends on each person's risk appetite etc of course.
Should trigger a notification within 3 trading days. Only reason why it wouldn't legally (illegally someone just forgets/doesn't bother) if it was same buyer/seller moving the shares from one custodian to another at mid market.
Who knows correction was just on factual point (ultimately it's each investors choice!).
They can't actually raise below 0.1p without a reorg, as you can't issue shares for less than nominal value.
What's needed is a communicated timeline to funding of (whichever project pick one). With that people can assess accordingly and you should get some interest.
All we know is there's more sells than buys hence why the price has fallen.
Placing shares today, if they were issued as fees for X work carried out by the broker / lawyers / whoever then often they can just be dumped at below placing price. As they don't want the stock just 90% of the cash value...
Good news is if that's the case once they are gone they are gone.
This clearly needs something concrete to move up. If I was the company I wouldn't do any more MOU Rns it's just getting to a joke point now and there's no statutory reason for them. Just release on website alongside q and a about how actual fundraising for these projects is going.
All imho and gl to those still holding.
Yep no road, no mine, quote below from last financial statements. Totally normal.
"KEFI has funded all activities to date with approximately £80 million equity capital raised at then
prevailing share market prices."