Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
When a non-shareholder goes to this much trouble to rubbish a business it usually means they or their masters want your shares. A reply like this is normally followed by “do you honestly believe posting on a chat room board influences share prices?” If that is the case then why bother, at 4.00 am too.
Now that IM is no longer a director I wonder whether he will be arranging finance and backing for MM’s “take private” move, once interest rates have reduced. By July this year the SP will have been sub £1 for two years apart from a couple of momentary peaks. I believe the SP will remain low until THG is taken private.
I’m hoping Moulding will take this private with his loyal long term investors staying in. Funding possibly from Middle East and proceeds of Icon and other property disposals. Low SP is helping this scenario but I wouldn’t dare suggest it is being encouraged or stage managed in any way.
Edge, Completely understand where you’re coming from and share your “situation”.
I’ve been a supporter of MM for a long time but have a feeling that he currently views low SP as his friend. I fear radio silence from Chairman and independent non-execs will be followed by resignations, further fall in SP and finally a move by MM to take private.
2phevs, you keep mentioning this. Isn’t it normal practice for tenants to spend considerable amounts fitting out rented premises? It doesn’t matter that MM happened to be the landlord. At rent review or lease renewal the value of a tenant’s improvements is disregarded.
Well spotted SP28 and fully agree with AS1. This property investment would have made a great long term investment for the Moulding family office. There is without any shadow of doubt a very significant reason for the sale. Also, just now isn’t the best time to be selling a large investment property. He appears to be motivated.
Oculus, Totally agree and fully get where you’re coming from. 7 days since half year update with lack of strategy guidance and still nothing from the company in terms of RNS, director buys etc. I have broadly supported Moulding thus far but now starting to recognise how it feels to be treated like pond scum.