Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
They want to reinvest in the field to grow production, lets see where we are after the 2 big drills later in the year
The Ash well has largely stabilised itself and is still in production those at reduced rates. BL mentioned they may put a pump in to boost the production and the well will produce for years….it won’t be near the previous highs, no exact figure was given on the wells current production. They will target other areas on Ash area in future. Todays RNS said update by the end of the month so not long for guidance.
Problem is we don't know when it will go into production. Its supposed to be Q2 but who knows, the well was drilled back in 2017
Monkey…the report option is there to report abuse. One of his posts was abusive and thus reported. If you don’t like that tough! Get over it and move on!!!!
These boards should be for informative posts good or bad and debate not abuse.
If there was a placing coming then it’s to buy something…..we have cash, we have production, we have profit, we are self funding, we have BP that can provide a loan if needed. We don’t need to raise unless if for a big asset. I don’t think we will place given the selling of non core assets to fund something.
Just one of a number of your posts from March Bethany.
Great day for top ups thank you very much to the fools that sold under 4 lol, will continue building at this price heading towards my largest holding, tick tock wall of revenue coming to a 25m mcap 3000 plus bopd company v others similar or higher mcap generating negative revenue go figure lol sure market will catch up eventually just like it did with my Txp GLA ;)
The company is self funding and growing its production in Egypt. Cash pile is growing while we drill and H2 figures will show that. Throw in the hibiscus fee and the potential to sell or farm down the other North Sea assets then there’s plenty of news to come never mind Italy or Jamaica.
Sorry, I lost interest in anything you had to say after "this stock is trash". That was a great in-depth analysis, thank you for your insight.
The fact we are not higher after this news is a general poor market. Poor markets are temporary and price will move on given the progress being made.