Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
If they'd set up the contracting properly for commissioning etc. shouldn't they have included delay damages in there that compensate for any hedges they can't deliver? Any normal energy project would have that so that delays don't impact on cash flow. Also if the project isn't up and running I suspect milestone payments won't be due so cash is less of an issue. Gas next week then?
Sold out of this ages ago and thought I’d check back in and amazed to see all the same names here. Do you guys just trade it or are you long term investors? For your sake, I hope the former. At least Laurence the CEO is gone now
See lemon leaf, there was logic to my question. I have worked on energy projects in the past but not gas and commonly you have restrictions when you can work hence my question. All the best we’re here for the same purpose I’m sure!
Lemon leaf I didn’t claim to know what I was talking about. It’s perfectly possible I’m sure to pause the commissioning process and hold things in an inert state. I’m just intrigued whether material progress would take place over the weekend. And of course after COD then it will be operational 24/7 except for downtime etc