Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Im praying for a multi bag as currently 92% down.... As wookie mentioned earlier I am reluctant to add more until we have credible facts in an RNS before thinking about averaging down. LTH value wiped out here and needs massive return for most to recoup their position and make a return. All on you ART!
Good to see some blue on the board with a nice buy at £15k. Hopefully a good sign that not much buying pressure will translate into positive SP movement.
No update from the BOD before xmas is a little disappointing so I guess we wait to feb.
GLA
Hi folks,
I have been 'painfully' holding the last 3 years with COPL and hopefully now we can envisage a future that creates value for us all. Also, many thanks to the great posters on this board which has been reassuring to say the least.
With regards to the PSC extension can anyone shed any light on the pre-condtions of this being awarded? I would assume a fully funded (which we are), rig test schedule and availability and complete drilling programme would be pre-conditions? If that is the case the next RNS could be really great news?
GLA
From last years 2019 outlook (rns released 28th Jan 2019):
2019 Outlook:
· Project financing for ShoreCan due to be completed by the end of Q2
· Appraisal drilling on OPL 226 scheduled for mid-year
· On track to bring four appraisal wells onto production at a forecast rate of 6-10,000 bpd by the end of 2020
· Complete negotiations and execute a PSC with the Government of Mozambique
· Complete a production acquisition
Arthur Millholland, President & CEO, commented: "We have made significant progress over the last year, having secured financing from an African-focused commercial bank and a global commodities trading firm, which will allow us to capitalise on the significant production opportunity that our offshore Nigerian asset represents. With the potential for significant near-term production at OPL 226, we are focused on ensuring this comes on stream as soon as possible, with the first production well scheduled to commence drilling by mid-2019, assuming all steps of the process are in order.
So Art, why the delay?
GLA I hope this comes good as its been a painful ride!