Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
With the current sp of 0.0475p (mid) and a market cap of £2.6m what value do people on here assign to the various aspects of the business
1. Tailings/processig plant
2.Gold/silver mining targets
3.Copper
4. Rare Earths + any other
By producer, do you mean discovered a gold mine and mining it or processing the tailings and waste. I appreciate gold is gold, but the tailings won`t last years, we need a productive mine. Either gold or copper will do, atb
Nice sensible comment. It would certainly help if the company could update us on the construction of the mill so far and how many tonnes of tailings they had shipped to the vicinity ready for processing when the permit comes eventually come through, fingers crossed and atb
In early Sept I emailed Brian Hall to ask if the latest fund raising shares had been admitted. He replied that they had and had even checked with GMWO broker. And yet here we are today with news the 909 million shares have been admitted today.
I`ve had a reply from BH and he says "I have confirmation from our brokers that the Great Western placing shares were admitted for trading in early August."
I`m sure the extra 909 million shares were over and above the c4.6bn we have available, or has LSE just not updated
Are the directors that bought in the placing underwater with their shares, they must have known about the delay. A week or so before the placing I nearly bought 2million but kept telling myself to wait till permit arrived even if I had to pay a little more, so glad I did. Think we`ll be able to get these around 0.04p in a months time. But do believe it`ll come good just not as soon as we all want, atb
I`m more concerned with the sp than petty bickering and whether photos of the current state of the site will emerge or not. Will the sp fall below the fund raising price or not, would be a good buying opportunity.
Will the mill be ready for testing the tailings in August
Which enough tailings be brought to the site to last through winter.
What are the recent drill results
All more important than a photo
atb
Chisler the RNS does state the following - The net proceeds will be used for completion, commissioning and start-up working capital at the Company's Western Milling LLC, joint venture
So it does seem we were mislead somewhat by the June RNS.
I would like more details from the company on moving the stock piles to the plant, may even email them
atb