Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hi Schalf,
I had similar concerns, and I know in many cases there is a restriction on immediately selling on these shares.
Unfortunately from all the reading I've done, there appears to be no restriction on these.
So yes, it is possible if share price is still at current level, that they could just sell off for quick profit.
Don't take my word as gospel though...I often get things wrong!
GLA
Decent points Pokerchips.
Although I'm sure it is fairly standard, it clearly states on multiple pages, that GST may need to raise more (as would any growing company of course), but that there is no guarantee that they would be able to do so.
If that's all they could get, then they went for it.
Can't believe it costs so much in fees to actually arrange the placing!!
Page 53 of the prospectus..
(iv) Additionally, the Company's wholly owned subsidiary GS Fintech Ltd, in UK, intends to shortly file an
application with the Financial Conduct Authority ("FCA") to be granted an Authorised Payment
Institution ("API") licence. Should an API licence be granted it will provide the Company with the rights
to connect to established payment gateways and commence a remittance business in the UK, which
the Company intends to underpin by blockchain technology and its existing capabilities.
So no...not yet applied
Hopefully shortly means shortly though, and we get it sorted this year, then the funds raised will be used over the next 18 months to create marketing, and also a "waiting list".
Lots of good stuff in the prospectus - but it wont be a 10 bagger in 5 minutes job.
It does however have the prospect of being enormous within the next few years.
GLA
I'd say 4-5 months.
Page 53
(iv) blah blah.....intends to shortly file an application...blah blah....
So definitely not yet begun.
On the positive side there is plenty to like in the prospectus. Quite detailed marketing strategy for starters. Also confidence of being successful in the API application itself too.
I'm back in and bought back over half my original holding now.
Still plenty to be confident about.
I think big gains for this long term.
Well, for better or worse, this is how my day went..
Saw the RNS, and spent all of 3 or 4 minutes skimming through... saw the first price drop and expected it to fall more..
Couldn't sell in large numbers ...no surprise there.
Off loaded my entire holding in 6 goes..
1.7 1.7 1.6 1.43 1.43 and 1.31....as it dropped .
I've bought back 2lots at 1.28 since.
My average was 1.97 before, so although this news wasn't what I wanted, I think I've managed it OK.
I'll be looking to buy back to the level I had before, but not sure how tomorrow is going to go yet.
I guess 1p is our new baseline, apart from the directors 2p.
Let's hope it recovers as we await news.....but not until I've topped up :-D
Well, that's a hell of a lot to digest.
Everything from previous consideration of winding up the company, to dilution by issuing large numbers of shares, to the obvious conflict between Anderson and the company.
Anderson claims to have something up his sleeve but won't reveal what it is unless he gets his board members in.
To be honest I don't know what's best moving forward....Anderson or no Anderson...
Hey all of those left here...holding and waiting....hoping, and praying :-)
With the almost nil volume at the moment, and at some point they will have to announce the rearranged AGM, I don't know whether its time to average down...
Thing is its like going in blind right now. MCAP is basically the cash that HOPEFULLY is left.
Wondered what others opinions were.
Maybe the board will have the mix up we all want..and investors will return??
Patience guys.
Every price will drift on no news. Do you want more false rises? I don't.
I'm happy to wait for solid news.
Depends on how you are playing I guess. I'm long term, so just riding. Main thing is they get the API done properly.
GLA
...have any new information in?
Its a hectic old board this, and I'm not knocking it, and love the banter I really do.. but logging in at the end of the day is a bit of a struggle sometimes! :-D
Anyway...no RNS....so Rums and rest for the eve
GLA
...has been quite decent of late.
Not full up of endless pointless posts, but a few sensible questions or opinions on most days.
Now we have a day of over 80 posts and apart from a new website, literally no news.
The share price rallied and recovered back to where in my opinion was its value at about 2.
In my opinion again, it will drift while we wait for news.
Those trading it will do very well, as will LTH's. ...again just my opinion.
Just please don't turn this board into a school playground like so many others, where any adult discussion is lost in a crowd of finger pointers and attention seekers.
GLA
Matt