Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Ever since a possible takeover was announced, the disclosure forms have been rolling in daily. This can only mean one thing. The company will be or is as good as sold. The wheels are already in motion in the background. Just waiting the inevitable news. Any day now all will be revealed.
Starbright - You really didn't have to go into all that mathematical trouble, I'm fully aware of how stop/losses work , are you not listening? I'm fully aware that if the share opens at 20p in the morning, your stop/loss is triggered at that price, every investor worth knows this, or should know.
On the day that this share climbed 120% It was done during the course of the day, not at the opening bell. So if this share were to plummet, I would expect it would happen during the course of the day, not at the opening bell. Lets say I'm busy tomorrow, my stop loss will get me out of the share at hopefully the stop/loss price. The chances of this stock opening 20 ticks down is highly unlikely, so a stop/loss would and can serve as a beneficial and protective tool with this particular share. The fact that you don't like or use them doesn't mean it's not useful. Like I said previously, I don't care what you think or say about stop/losses, they are a useful tool to call on when needed, especially with the busy life I have. I have other things to do during the day, I'm not sitting watching the share price go up and down all day, like a lot on here seem to do. So for me who works during the day, it works a treat to have that option.
I know exactly how stop/losses work I've used them plenty of times, and I will always recommend them to whoever wants to take it on board. If they don't thats up to them, they can take it or leave it. Stop losses are also good if you lead a busy life, we cant always be in front of the computer watching the share. So If it dips all of a sudden, and we're too busy to get to a computer to execute the sell the stop/loss will do it automatically for us. Last but not least, it can save you from heavy losses. If you were to ask any investor now who is heavily underwater if they would take 75 or 80% of their investment now, they would bite your hand off. Stop/losses serve a very good purpose, if you dont like them, that's your problem. I will always use stop/losses when and where I see fit.
StarBright - Yeah I hear you, I'm very aware how these M&M's work, any rises or crashes is done first thing in the morning. That way investors have little chance of benefitting from any rises and every chance of losing on the crashes. The system is deliberately rigged against the RI, like the way casinos and bookie shops are rigged so that the house always wins and the customer loses.
At the moment I'm not here for the LT, although that could change if the Fundamentals of the company do, so if it starts to head down too far I'll cut my losses and bail out, I'd rather lose 25% rather than 50, 75 or even 100%. You never know, this could drop back down to 20 before the 1st March. However, the way that spread is looking, I think this gets off to a good start tomorrow. Whether that's sustained for the rest of the week we'll have to wait and see.
Interestingly as well as the 5 February, a gap was also created 31 January. It's possible this week that it could consolidate to 1.45 but I don't see it consolidating 0.0240. So a possible pullback this week, then again it could take off again. Either way, should be an interesting week.
Lots of discrepancies between the Google chart and the London Stock Exchange chart. I've noticed that the Google price is always different from the LSE price. Currently, Google is showing 2.15 while LSE is showing 2.20. I'll always stick with the LSE prices, Google isn't always accurate.
Just put in place, I would advise everyone to do the same. I'm sure it won't get triggered as I'm expecting the company will be sold, but you just never know. If the news is somehow not good, then this could fall away as fast as it rose. Seen it happen too many times.
Joll - Try this link:
https://simplywall.st/stocks/gb/retail/lse-sdry/superdry-shares/ownership