Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Energy prices have decreased markedly since last summer mostly because of the drop (by more than half) of the natural gas prices since their peak. While Marston's had hedged its energy costs, the company had mentioned energy prices as a key reason why its profits would remain subdued in spite of consumers drinking again.
The drop of gas prices should lead to a much more positive tone in the next set of results.
Agreed, but those figures were priced in for 1.5 months - the SP actually tanked on the day they were published and kept going down for the next few days. It has barely recovered since then.
That suggests that the market expected better.
1- They don't look token. They are of the scale of several £10k for some of the individuals concerned.
2- High visibility: it's probably to reassure the market, but that also means that a placing (my personal concern) to reduce the debt is much less likely now. Otherwise, that would destroy the credibility of the company.
3- (More speculative) The business is still doing fine, if not even better, and all those directors have been waiting for a window when they can buy before a closed period start.
You don't understand what insider trading is:
"Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. "
https://en.wikipedia.org/wiki/Insider_trading
So the Ukrainian government will seize the assets of a heavy industrial company run by Ukrainians in Ukraine to help rebuild the industry of Ukraine? LMFAO!
Even Dogger69 came up with less ridiculous drivel.
The longer it takes to hear about a spring (that will soon become summer at this rate) offensive, the longer the SP will drift down.
For all we know, the offensive has already started but it's kept under wraps (e.g. maybe because Ukraine is actually chipping away at Russia's positions rather than doing a big counter-attack), but ultimately there are no big flashy news to raise the market's morale in the short term.
Alex1978 - it’s purely about sentiment.
Same reason the SP soared when it was announced Ukraine had recaptured large chunks of territory about 6-8 months ago.
It’s just events confirming that Ukraine is having the upper hand which boost the SP, even though there is no immediate impact to the business.
TerryMC1 - “ that would be valued in the billions if not for this situ”. -> “would be”, but it’s not.
Any micro company could be valued in the gazillions if it were not for [insert story here]. Right now it’s a (relatively) small cap, hence more easily influenced by PI’s actions. IF / when it’s back on the mid to high 200’s or more, then we can talk again.
At least we both agree that #FXPO is likely (not guaranteed though) to soar from the current level.
Terry MC1 - you are mistaken or ignore history. Companies with relatively small marcap like FXPO can be influenced by PI actions. Proof: the GameStop and AMC situations in the USA.
It’s also why it can be a criminal offence to share confidential or false info on BBS too.
435p - purchased based on the fact that SP did not retrace below the previous day's high yesterday, and the rumours, reported of the FT, of two separate t/over interests.
I also note that the buying volume is much higher than the selling volume currently.