Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Paul,
What you say makes absolute sense but can you explain why shorter are closing or why the shares are being bought?
Thanks
Like I said - why are shorts closing if it’s bad?
Why are shorts selling if this RNS is really bad news?
If the shares are in the toilet should we be selling them to get 24p/ 25p at least?
Sorry but I may have missed it but I can’t see anywhere in the RNS where Petrofac have said a D4E is the most likely outcome. I think they said all options were under consideration.
With regard to the bull case then I suppose a takeover is a possibility with more than 25p on offer. Also I suppose I’m finding it difficult to understand why the share price remains around 25p if this downside you suggest actually happens. Surely if the market believes that then it would have already priced it in?
Sorry but I’m not understanding what you are saying. Surely a short is all about the price whether that price is impacted by a D4E or an increase in the number of shares. At the moment I’m not understanding why shorts are exiting without getting the benefit of that price reduction unless they already feel it’s fallen as far as it’s likely too. I accept that the short level is high but the trend is down and that must surely mean some doubt on the price falling further? I am a LTH and I am considering selling as I’ve lost a heap on paper but if I had listened to those urging a sell I would have sold a few days ago at 20p and missed a 25% rise and now we have more shorts exiting - am I not risking missing out on a further rise? I’m not sold completely on the idea of keeping them just looking for a logical argument rather that me taking a knee jerk action.
GLA
Recent poster has suggested it’s on the way to single figures. They may be right but not yet explained to me why it’s not there now. If it was going there and that was so certain why would shorts reduce at all?
Yes it doesn’t look good does it. Any idea why it’s not in single figures now? Surely the market would immediately move to price in a D4E.
Maybe some have got wind that a D4E isn’t going to happen after all. The RNS didn’t say a D4E was definitely going to happen and maybe they released that infamous RNS to force some of the other options???
It appears some shorts are on the move as of yesterday and I suspect today also. Surely a good sign?
I’m not sure why they keep running away from this pile of money predicted for them by a few people. 10.33% now. Very confusing???
Shorts appear to be down again
I have a few simple questions in reply snapper…
1. Why don’t the companies placing these contracts wake up and stop placing them with PFC at such risk?
2. Why are the shares continuing to be bought such that the share price has increased over the last couple of days?
3. Why do you spend so much of your time on this board helping us make a decision to sell our shares when you obviously don’t want or have any of the shares yourself. If I had no shares I very much doubt I would be here.
Thanks…
I have a heap of these shares (more than I wish now) on an average of about 75p. I could sell them now at 25p I suppose at a loss or I could plough on in the hope that the SP recovers some and on the brighter side of things a takeover or indeed a big increase (unlikely maybe but who knows). On the downside there is the possibility of a wipeout. Most suggestions on the downside seem to think a wipeout is unlikely but that a D4E at 25p is the proposition at the moment. If that happens then I’d assume the share price is in with a good chance of rising from there at least a bit otherwise why would other parties sign up to that. So ultimately if this comes to be my base appears to be 25p - making me think that it’s not worth selling unless I think a wipeout is going to happen - Am I missing something?
Is there anyway of analyzing the after hours trades to determine if they are buys or sells. They are all currently shown as unknown. The closing price appears to be 24.4. If you assume that price or anything above is a buy and anything below is a sell then a significant number of the trades are buys and the larger trades all fall into that category which I suppose is likely to be a positive for Monday. Am I clutching at straws?
I’m long too but haven’t a clue what’s going on. The recent increase in short position appears to have happened on Thursday 14th when the price did fall a bit but that was against the recent trend of shorts from other organisations decreasing. On Friday there were some large trades after hours - I presume they were buys but were they? It could signal other shorts reducing if they were. It seems to me that the shorting organisations themselves don’t know how to play it.
I look after an ISA account for both myself and my wife. My wife bought £10k worth of RR @94p and I bought £20k later @.£1.32. During the week she sold £10k worth at £3.78 and when it gets to £3.96 I intend to sell £20k. We will then still have a total of £70k invested which will all be profit and intend to keep them until at least £5. RR has done so well. Mind you it needed to as we had a few poor results elsewhere which we are still hoping might come good in the end.
Thank you Number 6 - I was just about to buy some more and your comment made me hesitate - probably saved me a bit of money there.
If we had debt of around £50m this time last year and a profit expected in the range of £50m then I think we are pretty much gonna be debt free which would be excellent
Hi - I don’t post much on here but I’m a LTH currently deeply in the red but bought some more yesterday to average down a bit in the hope that it can recover. What I don’t understand is that if the shorters are so desperate then why was I able to buy shares yesterday and I managed to get another heap today - but was too chicken to complete the trade. Surely the shorters would be hovering them all up before I would get a chance to buy?
Can someone please explain? Thanks.