Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I’m a GR sceptic mostly but I thought the interview was good. He was being open. The new strategy is exciting - just see who is backing us - CATL and Suzhou - are there some risks ? Sure. But if they can fund the pilot plant with debt, I can see this going to 1-2p by Dec.
GR has only had the £12m for a week or so - let’s give him some time to get that into play.
The fundamentals are good and will win out.
He knows what he needs to do. He has Suzhou on his case as well now
1p in 2022 is my prediction.
I’m usually a pessimist here but think it may be overdone . We have the funds to get to the DFS - and are about 100% up from 2 months ago. So derisked.
As the DFS nears completion we will re-rate.
New board member will ensure we focus on the DFS. Just need patience. Will hit 1p in 2022 IMHO. I’m a LTH.
If we zoom out from the daily SP and look at the next six months the SP should be 1pm by then, based on DFS progress, interest from other parties and seeing what’s happened to other miners in Zim. The new board member will keep the ship from going off course.
I do agree with Snowking here. We are fully funded and can go full steam ahead. We know other companies multibag during this process - and so will we. We have backers with deep pockets who will support us and protect their investment should we hit a bump. Happy to sit back and wait - 1p by year end I’d say.
I've been a LTH for years. I think the deal GR signed is a good one, and probably the best one on the table given where we are. It allows us to get our DFS done which should result in a massive re-rate here - I think we are looking at 1p in the next few months as we get more drill results. The share is derisked and Suzhou will continue to support their investment and help us to production - that is in their interest. Other big players would now have woken up to Prem's potential and will be considering thier options - perhaps even a bid for the entire company - they would be silly not to. With a new board member GR will not be able to spend on other projects as easily.
There must be a deal agreed that we don’t know the details of, otherwise CK wouldn’t be so confident to hire new people. Maybe also why he’s taking to AVCT and others. Mologic manufacturing facility will do 40m tests/year