Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
It’s obviously something a lot of other businesses could do with quite low barriers to entry but the relationships with asset owners and the strong portfolio of properties they have build up and expanded over the years is extremely value able. The debt is cheap and a far better way of financing a the moment compared to equity. It’ll be paid off in no time anyway.
Don’t really know who is selling this now apart from those flitting about getting bored after following Justin Waite in. That’s no way to be a profitable investor.
Revenues could be £7 millions this year and the company might well be profitable. How much would you pay for a company churning out £1 million of profit each year? Could be £10 million valuation in time, 3x from here.
It’s an interesting one…let’s just say that he has a £20m portfolio and is buying in £10k chunks. That’s like someone with a £20k portfolio buying in £10 chunks. Is it really going to move the needle or is it just to send a message?
Mr Tobin going on a buying frenzy here! Chucking more and more cash in the best podcasting company in the world, not sure if I've ever seen this much buying before but I'm here for it big time!!! Would love to see BOOM turn into a unicorn, think it could one day
Also if you look at the trade data there haven’t really been enough sells to push the price down this much. This means there’s a mega sell order lurking in the back kind. Once that’s out of the way there should be some stability. In these times people dash for cash so hardly surprising. If a takeover bid comes in the meantime they won’t be happy tho!
As it's a friday i suddenly thought about europa and its friday RNS tactic but no luck today. Maybe since LR is gone I can now consider buying back in. We had a little 'disagreement' over progress and the fundraise so I sold all my shares here but interested to know who the new CEO will be and if they can get rid of the rest of the motley crew as well
the takeover rumours are pretty exciting but I hope we can stay independent a little while longer as we're only just becoming profitable.
It would be brilliant to see a 1 billion valuation one day, we'd have our very own unicorn and for me that would be a nice point to exit.
What would you rather?