Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Nah, new management have no incentive to sell everything, they want their options at 50p!
Also, the delay is surely down to stuff going on in Egypt. If their civil service is like ours they're all working from home watching daytime tv.
Cube - it would explain a lot. The deal is conditional on state-owned assets being flogged off as well...
https://english.ahram.org.eg/NewsContent/3/12/517148/Business/Economy/Goldman-Sachs-expects-EgyptIMF-financial-deal-to-r.aspx
I voted against the deal, so lets not just make out it was Aelph. It was a crap deal relative to NAV. I still maintain that. I know at least one other large PI who also voted against and shares my view. So lets not pretend that there is some Orwellian deal going on where Aelph take us private. There is not.
Vis-a-vis a year ago, many would argue, assuming the Egypt deal fully tranacts, then we are in a better deal. Expect the SD deal to add circa 7p per share alone. Why would any holder be looking for a 6p takeout.
Management is incentivized all the way up to 50p and 100 million cap. Why would they sell for 6p!
You're simply stirring I am afraid.
If we read the recent update i would expect the following news soon, which if as indicated previously, would boost the share price...
Morocco - KSR-21 well update - The KSR-21 well, which was successfully drilled and tested in Q4 2023, has now been tied into existing infrastructure and will begin producing as soon as the expected government approvals are received, which are envisaged shortly. The Company will update shareholders as soon as production from this well has commenced.
Egypt - West Garb - the final closing date for the sale of these assets is now expected in the second half of January 2024 and confirmation of the $3.8 million payment which was meant to be paid "immediately".
Egypt - Price and timescale for the divestment of South Disouq, which has terms already "largely agreed".
Plus - Some news on next steps on the new strategy.
Assuming the divestments go as planned [and we have no reason to think they won't] there is no way the share price will be 4p this time next year.