Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Yep as good as can have been expected and the ship appears to be righting? With the current price of precious metals bottom line should be improved? I have been adding and sitting on a substantial loss but happy with progress.
jimbren - I am a holder and have been for many years. Yes the question re Kilimapesa was not answered and Kili has been a drain for ages? And agreed the tailings situation needs urgently addressing. The problem for me is management. They are always struggling to get things done but i think the mindset amongst shareholders is changing and hopefully the company will become more dynamic? They are cash rich and the numbers stack up we just need to monetise our dormant assets. The major shareholder is new and will want to see movement.
Banks and the FED? seem to bash the POG daily during US open hours. JP Morgan particularly involved even though they agree a fine not far short of 1 Billion $ for manipulation of the Gold market. The problem is the huge number of paper contracts that equal at least 4 X physical Gold? Gold will eventually break free as the US$ implodes?
CyCoXXX Yes this is a rotten deal - many will get no gain apart from some cash thay maybe taxable? The board have sold us all a pup. yes spending the money on a buyback over time would have helped us all. I hold Tesco for it's decent dividend but am considering selling. To be honest not sure what to do as Tesco is my biggest holding? Any advice anyone?
The SP is a complete disgrace and should be approaching 20p which is why i am still invested. Still no finalising of Kili sale?
on a whim or a couple of small sells? What is going on here?
Thanks longterminvestor. The tax situation certainly is a worry as effectively some of us could be worse off? Will have to wait and see exactly what happens? The reduction is share numbers after the consolidation will help with future dividends?
This looks like excellent news. Lets hope things can be restarted asap?
whatever happens to the POG SILVER will do well as there will be a large shortage for industrial use. The dipping price of FRES is a great op to BUY and I am adding a bit each day as the price continues to drop. Sitting n a tidy loss but this does not bother me as the future looks very bright.