Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
@Isa-Investor, what a herculean effort you've made for us all today! Thank you so much for your work to keep us all enlightened! You've contributed so much, and been a prime example of what these chats SHOULD be about! Lets hope some of the sh*tposters and egotistical, childish posters learn from your example!
I thank you deeply, your reporting has been top notch, and great to follow! Much love mate, and all the best!! :D
Yeah, I feel ya there Xenor, I'm sadly also sitting on a loss, bought £5k at 132p...
I think the excitement about NASDAQ listing was justified, based on the potential. The fact that the potential was not instantly realised has seen a lot of people (including myself) disappointed and feel that the anticipation was overhyped. But ultimately, I do think being listed on the NASDAQ has benefits, which will certainly be realised given a bit of time.
Will this be a 10 bagger, who knows, that's part of the charm of AIM stocks, as there is the possibility, however I wouldn't expect that to happen just on that basis. I do think this will at some point at least double my investment, given everything this company has in the pipeline, and by the looks of it it seems to have strong leadership, good market positioning, it just checks a lot of boxes. But that is why any level-headed investor would invest in a company, is because they believe the company has the fundamentals to go somewhere over time.
I mean, what's the likelihood that the judge would overrule the vote? Do you think Amigo will ask the judge to do so? Or would Judgy do so all on his own?
... if Amigo ask to overrule the loan, that could look unfavourably, is that not a concern @Mousekewitz?
This being said, I (and I'm sure everyone else invested) would feel MUCH better if the voting was overruled and the SOA just straight-up approved tomorrow...
Obviously not by itself, but yeah, fair enough.
I had a read through that presentation a while back, but bit hazy on it now though, will have a re-read!
I had an interesting discussion in the thread titled "HL - LBPS" which kind of looked at this matter, would recommend having a read of what some of the people on there said.
@Sangijuelas1 it does seem like 4D seem to be burning slower than those other two, and personally, I do think it's down to superior management.
Do you think the fact that they also do all manufacturing in-house has a part to play as well?
@Hopeingmore absolutely not mate. I'm simply sharing my thoughts and experiences which are relevant to the topic post.
As I've stated a fair few times now, I'm a relatively new investor, only 5 companies in my portfolio, bought my first company back in august 2020.
My purpose for posting is for the exchange of views and opinions, for a rich discussion from which everyone can take something away. For example Xenor and HarChris, who have added some valuable insights to this conversation. Speaking of which, thanks @HarChris for your latest, that's a really valid point. I hadn't really considered that before...
Anyways, I couldn't care less about what you all decide to do. What I'm interested in is discussion from which I can learn from, gain some differing viewpoints etc. and hopefully benefit others in this conversation. If I sound like I'm preaching, I do apologise, that's not my intention.
Well @Xenor, you certainly seem to have a stable approach figured out, which is awesome! Not everyone has to agree with everything 100%, and I think every piece of advice ought to be adapted to the situation. my interpretation of that buffet quote isn't so much that it has to be 10 years, but more that you have to have enough faith in the company to hold onto it for a fair while. And that is in line with minimising the risk over the long term, but being humans, we have the capability to spot opportunities that aren't always fully in line with the mathematics, and whilst those carry risks, there are also rewards, and if you spot the opportunity and have the guts to take it, then good on you!
But as I said, take the knowledge and adapt to your needs/situation and goals. Thanks for sharing your strategy and thoughts, it's always healthy to look at different perspectives!
@hopeingmore you're correct, investing through an isa means you don't have to pay tax. on capital gains. Also investing on aim markets through a general investing account has tax benefits as well. What I was saying was I am not aware of any tax benefits to investing in LBPS on the NASDQ instead of 4D on AIM. I.e. I'm not aware of any tax benefits arising from investing over foreign markets instead of home ones. Does that make more sense?
@Hopeingmore, y6eah, I see that, apologies for the misunderstanding, poor wording on my part!
@HarChris you can sell at a loss, but if you do then you've not gotten any value for the price you pay. it's up to every individual at the end of the day, where they want to cut their losses, but often the market acts irrationally due to fear. if you sell at a loss, you're not getting it back, whereas if you brave it out, you are likely to get back your money DEPENDING on the circumstances.
But imagine all the people who sold their shares in companies like Shell when it was at it's lowest valuation, those people would've made a horrible loss just before the price started recovering...
Another great bit of Buffet Advice - Be greedy when others are fearful, and fearful when others are greedy...
@Xenor - the intention need not be to hold it for years, but as Warren Buffet says, don't invest in a company if you're not WILLING to hold it for 10 years. So you're attitude is spot on! You have to be able to adapt your plan and willing to seize other opportunities if you believe them to be better.
But yeah, trying to invest in everything leaves you spread too thin. If you find a wonderful company you believe in, then it should take you to the home run eventually. I'm a strong believer in the advice of Phil Town from Rule #1 investing, and there certainly is something to be taken from the fact that the vast majority of the holdings of most of the really successful investors is in only 10 companies in their respective portfolios. All you really need are a few great companies... trying to do the research and then KEPP UP with more companies than that would be a hell of a lot of effort...
@lynny, I feel like you've not really understood what I've been saying. I'm not telling anyone how to do anything, and I sincerely hope nobody else has assumed that. I've given my opinions on matters, which are based on my research, and on the advice of a good deal of investors with far more experience than myself. I've done this to provide others with more information from which to build their own opinions from. I've clarified the difference between investing and trading, and when I did such, I made sure to point out that that was based on what I term to be investing vs trading.
I would dispute your comment that I am "doing exactly what you are telling people not to do but on other boards". As I pointed out in my last comment, what I said about my MGC shares was that I noticed I could've easily traded the shares, however, I stuck to my investment plan, as they are only the third company I've ever bought. The story was to highlight an experience I had, and to demonstrate that when I say buy and hold, that is not the be all and end all. I shared it so others can learn from my experiences. But it illustrated the point that if you're investing, you're doing so because you have faith in the business. If you're not buying the shares because you believe the company will be a winner, then what are you doing? And so, if you believe the company is going to be a winner, why would you sell everything off when the snowball has only just started rolling? Trading is in essence, a different ball game, and takes far more theoretical understanding of the sp movement charts than I have. If you understand how to play that game, then you can make a hell of a lot more money on a company you've chosen to invest in. Take my MGC for example, had I sold my shares at 9.3, I would've waited for the shareprice to come down some, and bought back in with everything I had sold. That would equate to doubling, trippling, quadripling the size of my investment at the end of the long term through repeated actions. But I'm no oracle, and don't know those charts well enough to be able to predict the highs and lows, so I'm playing the investing game. I have faith in the research I've done into this company, and don't think the potential upside of trying to trade the volatility is worth the risk of missing it when it really starts to realise the value I believe this company holds.
@Aim4Mad ok, yeah, trading outside uk trading hours could be useful, but currency changes in this way (in my mind) are generally just costly, as you get charged for the currency exchange. But yeah, cheers for your input mate! :)
Ay, preach @Maverick12! Fully agree, them taking such large proportions from the claims is the more corrupt thing here.... It'd be one thing if they were dealing with genuine claimants against truly morally corrupt lenders who charge hundreds to thousands of % apr on their loans, and then forced those companies to foot the bill for their services, but taking it out of the claimant is just brutish imo...
Thanks @nursesteve! And spot on @Chuggernaught. On top of that, GJ has had lots of interactions with FCA in the past, and has good relationship with them, as well as a solid history of turning companies around. He seems to have the correct attitude to take this company forward with some good ethics to boot imho.