Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hi Toffers,
Yes, received on and served on are different things. Looking at EUA's current address there are physical offices there, whether EUA's is manned fulltime I don't know, they may offer a PO box service. My understanding is that the earliest a notice can appear in the LG is after 7 working days since serving, not including the day it was served.
And in another bit of good news the sand from WK was sold back in the summer as DR claimed here, it's just that the company that bought it has been arguing about how much they will give EUA for it and they're loosing patience with them now and are thinking of starting something called a WUP (?) to get them to pay.
But remember, you didn't hear this from me ok, it's all hush hush. If this news gets out I could get into trouble.
Don't worry Sbrace06, I've managed to hack into the group of 6's emails and DR's friend has assured them the final draft of the sale contract has been printed off and is awaiting final signatures but shhh don't tell anyone as it's insider information.
These are actual facts, honestly, they've been fact checked and everything.
"How long will they hold it though with the sale of assets being the plan".
RNS 6 October 2015
"This licence award comes at a time when the company is also entertaining interest from a number of parties in respect of our MT licence and our team are actively engaged with the provision of support and information to the interested parties".
RNS 26 May 2016
"....companies other interests, including MT, where we believe there is an opportunity to crystalise material value for shareholders and we are in advanced discussions to achieve this outcome".
Not trying to say it won't happen but it has been going on for a while now.
Hi Toffers,
To be fair the TG group may have found the WUP when looking into other court cases EUA have currently. Did DR trade off the back of his post here which revealed the WUP, do bears s... in the woods.
It's his claim today that it's a fact EUA have 4.7m in the bank that is dodgy.
hi dietch666,
thanks for that, properly lmao. clearly you have green binned toffers if you think i am looking to cause panic.
an international company of corporate lawyers don't start a wup for ****z and giggles or without having given clear warning that it is the course of action they will be persuing prior to actioning it.
you would hope eua would have been taking some legal advice prior to the wup being served.
i have no idea if a wup would be successful and have posted to say there are various ways it may not be but it is potentially a very serious situation for all us shareholders.
You would hope that EUA would want to give some update to what is happening regarding the WUP as reassurance to their shareholders that they have moved to, for example, call to dismiss the WUP as they have a valid dispute over the invoices and as such it's a matter for a county court and that they have enough funds to settle the invoices etc. A WUP is fast moving so needs them to do something.
Hi pwlx,
I have no doubt that the majority of the TG group are just private investors just wanting to discuss matters about their investment in EUA. But if you can't see that there are a small number in the TG group that are playing this for all it's worth then open your eyes.
So more potentially price sensitive news dropped by the TG group about some licence?
The same TG group yesterday claiming to have received a potentially price sensitive email from EUA with CS saying he exercised his options as he had no price sensitive news that hadn't already been released by the company (somewhat questioning whether any offers were there for the company).
So they have now added to the price sensitive info CS is supposedly unaware of.
The same TG group dropped price sensitive news about a WUP being served on the company.
Don't suppose any of them are trading on the back of this, DR dropping the WUP news here, probably after opening a short, makes money on that, closes the short and then starts ramping it up as the SP starts coming back off the lows.
Just a possibility mind, all IMO.
"You may recall that the directors did without salaries for a period to avoid dilution"
Was that 2018and 2019 when they had reduced salaries which were made up to full salary equivalents by being awarded shares at a reduced price thereby adding to dilution?
Hi DATTABASE1,
The reserves and resources haven't been updated since the maiden resources RNS of 31 May 2017 not surprising as they have only mentioned ££60k odd of drilling there since then although they gave no results of that drilling despite it being a requirement of listing to do so via AIM rule 11.
1.25% of the Pd equivalent was proven to Russian standard C1, the rest to C2.
Of the 1.9moz Pd equivalent there not all was included in the 2 open pits. They never said what was in the 2 open pits but said the 1.9moz included what also fell both outside and underneath those pits.
The only reason a small amount was proven to C1 was that one drill result showed higher grades so they drilled at closer intervals around that drillhole to see how far the higher grades went which wasn't far.
You would need to ask Sinosteel for facts.
You don't need to be a geologist to understand the importance of drill spacing and the importance of reserves v's resources and their relative value but it pays to understand as much as you can about the industry you invest in.
I don't believe they have the slightest intention of activating the Sinosteel contract.
I would question whether anyone would activate the Sinosteel contract with MT only having a very small amount proven up to a reserve level, you don't throw $150m at something where the drill lines are spaced at 100m apart with drills at 50m intervals along those lines.
Hi Toffers,
I've been investing for over 20 years and have seen many companies ramped by crews who make their money trading in and out as they pull in inexperienced buyers who believe the hype they are sold into and get left holding shares that become worthless. Can't remember the names of the crew working RRL, RMP and many other oil companies. I suspect they are all still operating under different monikers.
In my opinion it's possible some companies involved with raising funds for the likes of EUA are complicit in knowing what they are doing. Look at the trading volumes in the few days leading up to the last raise and it's hard not to see shares being forward sold with the price set for the raise being so close to the announcement of the raise that whoever took part couldn't loose out, no 5 day share price average there to set the price.