Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Thought most of the children were back at school - obviously not, cluttering up the boards with such meaningful information.
Further elaboration on this part as well:
"The only have to sell 200k RTC tsts a week and 46k Elisa tests to get to £200m MCAP. Achieve maximum capacity and deliver growth in existing business high end valuation of £970m"
Think I'll stay sat on the side lines for now - needs solid news on purchase orders. I think until then this may drift somewhat lower.
Fact of the matter is the current share price doesn't reflect the companies true value at this exact moment. People can go on and on making share price statements based on what the future "could" hold but right now its worth not much more than it was back in March. This is the problem with jumping aboard before the wheels really get moving. I treated this with extreme caution getting in and out on a few occasions between the low 40's and 60p.
The company has simply taken advantage of the rather large rise to get themselves more cash in the bank. The true value will be apparent once real orders come in and get paid for. Until that time I don't think it's worth buying in at these current levels.
It's actually quite a predictable game if that's what you want to call it. Hits the resistance spot and fluctuates again - take advantage of that!
Kicked off brilliantly - just goes to show how quickly things can swing. Last time I looked it was low 40's and I was apprehensive to be topping up again - glad I did now.
Exceeded 1800 now.......keep going :-)
Not to mention the pog just entering the 1800's today at last. Could be about to exceed the record high of 2011. Annoying thing is the other 2 mining companies in my portfolio have gone down in value yet are ripping good volumes of gold out of the ground despite everything that is going on right now.
Interesting times - seems gold is one of the safest bets you could make right now. Hurry up Newmont!
You can tell it's pay day for a lot of people - the hustle and bustle is returning and not just here :-)
So a nice set of results along with around £200k of buys this morning - company doesn't seem to be on many peoples radar. At first glance this looks quite undervalued.
Yeah this board is full of impatience . Too many looking at the short term and probably thinking they can make a fast buck.
Looking at the finer details this is far from going backwards. Time will tell
"Rightmove's extending the discount it gives to Agency customers over summer to help mitigate coronavirus disruption to cash flows. Extending support over August and September will reduce full year revenue by £17m - 20m, in addition to the £65m - 75m revenue impact from the existing discount (April to July).
Over the first six months of the year membership dropped 3.8% to 19,054, driven by fewer Agency customers.
Rightmove said there's been a strong bounce back in housing demand since the English property market reopened but the longer term impact of coronavirus remains unclear. As a result no guidance on future profits can be given at this stage."
https://www.hl.co.uk/shares/share-research/202006/rightmove-property-market-buoyant-but-long-term-unclear
Gold price is certainly going in the best direction over the last few days - looking like 1800 could be cracked.
That's understandable though - on the other hand they may have their sights on a large acquisition as well so are being cautious. The more recent acquisitions were quite small. There hasn't been a larger, more significant acquisition (£10+ million) since Sonassi in 2017 and SystemsUp in 2015. What is apparent is they aren't just focusing on other hosting businesses. I think Sonassi was a great move and it broadens the groups "skillset".
In typical Iomart fashion, and this seems to happen every year for as long as I can remember, the share price dips after results day and then slowly regains momentum.
Just goes to show which way market sentiment is going - funny how there's a lot of sells throughout the day and approximately half as many buys until that £16.5 million buy goes through. I think the writing is on the wall here - that's a bit more than a wild punt.
These also went through yesterday:
Jun 10 2020, 10:37 55.00 150,000 54.00 55.20 Buy £82,500.0000
Jun 10 2020, 08:21 56.50 170,000 55.30 56.60 Buy £96,050.0000
I think a lot of investors lost their nerve today and paved the way for others.
There's a lot of sponsored advertisements on facebook along with the regional branch pages popping up as well.
In simple terms:
Bid 60.0
Mid 61.0
Ask 62.0
Buy at 60.9 - its below mid point so the outdated algorithm will show it as a sell!
So as always good old dependable Iomart gains momentum again. Not far off the pre covid price now and its still business as usual from the Iomart Towers in Glasgow. Watch this space - this company has a lot more to bring to the table in the coming months.
Albeit a short lived one ;-) missed the boat on that one