Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
2. Ebioss own above 50% of EQT and don't want the value of EQT to shrink. 3. Any idea of doing such damage would be voted no by Ebioss VCB2 whilst I support you talking up the share, as I bought in originally about the same time Ebioss did at 5p. Your 2&3 above was the case when the board did the disastrous dilution of a fund raise. The same board is still in place. The same contracts talked about last year when Ebioss paid 5p are still not signed. Ebioss did not add funds to take their holding back over 50% they took shares in lieu of an invoice due between two interlinked companies as payment. I can�t see the shares going anywhere until the company has some sound finance in place as working capital for any contract that is signed. Surpised a sound company doesn�t just come in and buy the company/technology.
After all the ramping last week little movement in price. intercompany deal no doubt to ensure EBIOSS keeps its majority just . Still no contracts signed or debt settled. After all the hype about the future the BoD are still all there .the CLN owner has his profit and is still in play. Can�t see this moving far until debt is cleared cleanly and at least one fully funded contract signed
Today 09:23that the guy who arranged the CLN contract AND was behind the Bercheva short has been indited three times for illegal financial dealings. He set all of the scam up and will soon own 3% of EQT at 0.0033 per share. Presumably he will be dumping his 3% as soon as he can,
Lots of talking the price up - I hope it does as I bought twice last year when the price was much higher. However let's not forget it�s still the same board who knowingly shafted shareholders with their recent actions why would they not do so again. They have been talking up contracts since last year but none have been signed. I�m not coming back in until a contract is signed meanwhile please keep buying .
RNS showed that EQT are trying to get out of the hole they have dug. In that sense it was positive. Still no more news on contracts that have been hinted at for many months now. If I was the main contractor I�m not sure what my due diligence would show about EQT and whether I would risk signing up with them. I like the technology so have stuck with them but am not inclined to mitigate my loss by adding any shares until a contract is signed.
I agree with you VCB2 those of us that have hung on for the ride are nursing a loss due to the desperation or corruption of the board. This needs to come to a head quickly so that the company stabilises so that contracts if they exist can proceed to signature.
Desperate for money board go to majority shareholder who desperate for money has none to spare. Borrows cash to keep going for a few more months knowing there was every chance that share price would bomb unless signed contracts could be announced. Still no contracts in place and if I was a main contractor or outside investor I would not be gettng signing a contract with a company that was unlikely to have the cash to deliver.
Meanwhile a year ago when the shares had some value EQTEC PLC (AIM: EQT), is pleased to announce that it has raised �485,000 (before expenses) through a placing of 7,461,538 new ordinary shares of �0.001 each in the capital of the Company ("Ordinary Shares") at 6.5 pence per share ("Placing Shares") (the "Placing").
I agree with you Setanta1 I wish I had looked into the parent company more before my initial investment around 5p. It�s apparent that EQT and it�s parenr despite crowing about potential JVs is in serious financial difficulty and will struggle to fund the working capital of future contracts. If you were a client would you risk your contract on a company on such shaky foundations. With 246M shares sitting at .65p I can�t see a lot of upward momentum on financial grounds . I hope I�m wronghope
Further down a poster expresses the hope this share will rise to the heady heights of 2p so that they can recover their losses. 6 months or so ago the expectation was 9 or 10p . I struggle to see a success story in the making here better organised and funded companies will shortly dominate this space. I�m glad I can afford my loses on this one .
The board has chosen to pan the share price to try and secure some funding. Presumably the parent company and majority share holder was happy to see their investment destroyed in this way which does not bode well. If I was one of the JV partners or a potential Client I would now have some serious concerns about risking awarding aa contract to EQT.
Hardly any movement after RNS, need to see the details of actual signed and funded contract only then will the value of just the technology component become clear. Will hold but no interest in buying more at the moment