Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I've looked at the charts, and on all time frames it looks dire. Could easily go into the 40s by next week. You know what the experts say " if unsure the SP follows the path of least resistance ", in our case , a ski slalom downhill !
Problem is 90p was tested 3 times. Either it smashes through, or it's the next leg down.
Looks like the latter.
Also, shorts are increasing again, before the results. Something had been leaked out to them, they're not stupid. Results will not be favorable.
Does anyone think it'll show a profit?
I mean debt has increased, because they have a 500m bond vs 400m
If they buy the 80m acquisition, they'll add this to the balance sheet, and blame it for another loss this quarter.
And i bet there's another hidden beauty, with this company there always is !
RWEs "Euro Medium Term Notes" (EMTN), also called "Debt Issuance Programme" (DIP), is a flexible financing instrument to issue senior bonds and private placements. It is our major tool for long-term refinancing on the capital market.