Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Thanks, Marine. Don't get me wrong, I am the trustee of a couple of charities and I do my bit, but I had children rather late in life [if you call 43 late], meaning that I can spend time with them. Something i never got from my father who was addicted to his work [he was and still is the most wonderful of parents btw].
Obvious we are not paying him enough...
Seriously, i think from his POV, given his age, the way he gets out of JSE with a lot of cash is through a sale. I cannot recall the terms, but if he were to sell, there is some serious benefit for him personally built in.
Such an assurance cannot made. The cap may rise before the point of execution.... if the share price rises to say 8p. that would be 16 million GBP. Hence, the 75% test would not be met.
Is this how these things work? (No idea really)
In this situation, I would want to see more detail on value creation before suggesting a special divi... i'd rather they kept the money and made more than gave t back, but if it's all going to frittered away on little drills in Morrocco and lunches for the executive team, then yes, special divi could be the way to go.
Does anyone else think that across all corporate and technical releases, including all the recent RNS's there is a distinct lack of detail... very frustrating trying to make decisions when this is now my largest holding...
I would say it should be more than 11 million but obviously will depend.... operated vs nonoperated assets are priced differently. Also, what about the receivables in the country, could be another 5-8 million plus of these.