Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Unbelievable how these greedy shorts are taking advantage of the situation and destroying the sp. Unfortunately cannot see this recovering above 1000 anytime this year and maybe not until at least next year 2nd quarter.
Like I have previously mentioned this is not going to rise anytime soon. And I agree with winter coming round the corner energy prices will rise further causing inflation to rise even further.
Also, the shorts will not give up so easily. This will a lot further IMO.
Whilst I understand quite a lot of investors are deep in red. It is quite wishful to think this will magically shoot back up when there are still too many uncertainties in the market and macro economic outlook looks so bleak.
I dont think they will close that easily knowing that it will drop further in the coming months. Even if they do close it will be gradually so wouldnt relly cause in spikes. The economic situation is dire everywhere atm and I dont think it will be sorted at least in the next few years.
Although this will probably bounce sometime in the future I dont think it will be anytime soon. Had a few meme stocks from US market and I can honestly say non of them had caused me more pain than this. It is down over 90% from last Thursdays price of 1476. For this to go back up by 90% would take many months if not years. Cannot believe this.
Really hope not! Its been a dark day so far today and kind of feel it will get worse when the US market opens shortly. Would be extremely surprised if the shorts dont cover most of their shorts after today.