Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Cash
The UT at the end was cruel. Suppose to take a mid price when balancing their books but distorts the true picture of today’s trading.
Short term day to day price movements are not relevant to me unless it started to drop below my purchase price.
Massive % gains over the last few trading days so expected a pullback.
Just my opinion but production is not as important as it was 12 months ago. Whilst the Li price is continuing to rise and all analysts agreeing that there will be a shortage to meet EV demands then the sp should naturally follow asset value.
Of course production would massively increase the market value when it is converted to revenue that is not the short term driver of ZNWDs current valuation.
Of course my opinion but this is ridiculously cheap on potential alone.
The company has already signed deals with German Car Manufacturers. Things getting very interesting. No doubt they will be looking at securing their supply chain.
https://www.msn.com/en-gb/money/other/lithium-miner-vulcan-gets-five-more-exploration-licences-in-germany/ar-AASpcbO?ocid=BingNewsSearch
Foz
Still a bargain but I guess my opinion is biased as an investor. I noticed this morning that what appeared to be buys were at the full ask.
Not many investors will be in profit if you take the bottom feeders and retail offer from last month out of the equation, so expecting further increase. That said, a bit of consolidation can only be good in order to test new highs.
All the best with your purchase.
John
Clearly from the last 12 months and the buyout/takeover activity of Li miners then ZNWD will always be subject to takeover speculation. I don't think long term that would return the best returns for investors but whilst there is talk of rising demand and shortages remaining independent is a big ask. The following link again is from SMM and puts the activity in this sector in perspective. I was invested in another miner recently that was spinning off their REM mine in South America. The FED have tasked US companies to buy and secure their supply of Li and REM in order to meet expected demand. The UK now that it is outside the EU is still a foreign investor in Germany so any takeover would be interesting .
https://news.metal.com/newscontent/101709955/Review-of-Cobalt-and-Lithium-Resources-Competition-throughout-2021-%E2%80%93-A-Total-Amount-of-Over-40-Billion-Yuan-Involved/
https://news.metal.com/newscontent/101711788/How-long-will-the-price-of-%22Grandma-Cobalt-and-Grandpa-Lithium%22-reach-a-new-high-of-three-years-in-2021-[SMM-Annual-Review]/
Worth a read. ZNWD could be producing just as the demand is at it's peak and the manufacturing of EV's gathers pace. The value of the company's assets is increasing almost day on day.
eccles
Don’t make the schoolboy error of thinking a high yielding share is a reflection of how well a company is doing. Over the years many companies have been paying dividends they cannot afford. HMV DEBS to name but 2 that went bust nit long after paying double figure%.
The way inflation is going up I cannot see any company outpacing the rise.
Wouldn’t be surprised to see a holdings RNS at the close or certainly in the next couple of trading days. Although the larger volume trades are recorded as undetermined they are just above the bid and cannot see them being bought at that price.
Of course someone seems happy to take them. With the benefit of hindsight it makes sense why the placing was not fully subscribed.
Institutions pi55ing in the same pot’ Knowing in advance who will be reducing.
Noticed that the UT was kind at the close yesterday giving the impression that the sp was down on the opening bell.
Was hoping to be above 300p by the New Year but the slow and steady climb from the last 12 months convinces me that there is no reason for the trend to change. I’m guessing that the current private shareholders are happy to keep their investment here and of course keep collecting the dividends.
On paper TSCO has kept my pf in profit after taking a hit with a gold miner and very much hope fellow investors are showing a profit too.
One and all have a safe and prosperous New Year, not forgetting health is more important than wealth!
leas
All the 'meaty' trades being published as undetermined but those smaller ones either side are published as buys/sells. Late reporting to bury a large order? Shares should be in 'sticky hands' now so looking for a reversal of the recent trend.
Anthro
Have to agree, to maximise investor returns here the long term approach is much better than a 'low ball' offer from China. Investor value will be unlocked into production. A great opportunity here at this level and in fear of being accused as a ramper anything below 20 is too.
My 100k nibble just published as an unknown trade. Was waiting for the 22nd to have passed and a further fall but cannot be too greedy. R v R looking good here and at a discount to the recent funding. Here’s hoping that the sp can recover back to the 20s. LTH for me so not fussed on day to day movements.