Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Nice to see ..
PS: WelcomeBoost.. is that you Gordon Bennett?
Over at Landore Resources, Old Bill H - he wasn't old when he started on that 'exploration programme', but he's older than Mr CB now .. - has spent v approx. USD70m over 15 to 20 years proving up well what is long ago already showing as a good gold resource and may still turn out to be an amazing gold resource.. he's been trying to sell up for a half decent price for a few years now..no joy...and the company is all but gone under, Bill all but dead.. and the medium - longtermers long ago sunk - shareholders -eg me, even including a small amount of good range trading - all but wiped out...
You don't even know if they've found the Crown at Racecourse yet/already, not to mind starting another campaign on Ascot, Cygnus.. and we've already done a $10m + drilling journey.. plus a chunk more money on qualified third party models/reports etc..
Generally, Bushranger type exploration has shown itself to be too big a thing for a company the size of Xtr.l .. It needs to be parked until it - hopefully -can be sold, as currently is, to a bigger player imho
CB has already he's thinking is along my above lines.. so it's an academic debate anyway imho
The volume traded here remains utterly, totally and completely appalling -we're still talking, on average ish, 10k gbp ish a day - resulting in this stock moving up or down 5 or 10 per cent on a few grand more buys than sells or sells than buys ..
If even 50k gbp worth of buying here for a day or three my guess is this could spike 50 % + in short order..
.. and such a day or three will come along sooner or later, I'd expect.. RNS driven probably.. but POC - and POG to an extent too - keeping rallying alone might find some few with decently deep pockets willing to buy in decent size here.. and volume begets more volume...etc.. and the AIM market generally is less dead in April than it was thru winter imho..
Further drilling in BR in 2024 at least should absolutely not happen imho ..
My hope here is d4e at 25p a share is along the lines they've been negotiating on for some time now - that's a level this s/p has previously gravitated towards in big volume trading phases previously .. and is so far today doing such too... which makes me think insiders know this to be the number on the table for some time now - AND a chunk of new equity investment around that level too.. AND some small/medium asset sale alongside too..
and that would be a reasonable outcome in my mind, in the circumstances
My ask is 23.7 p now..
This is getting interesting..
Tendered holders are locked out for a few days yet.. and if the the broker buys even 50k a day every day thru the coming days into thin volume this could go decently past 24p imho ..
And some short term players might even look to buy now to sell at decently higher in a few days time..adding further fuel to a rally that could go for a while yet..
I think the MM's have wider and wider spreads these days to discourage short term traders AND to give themselves more of a turn within the spread.
Because short term traders dominating the market landscape - as per AIm generally these days -makes things more demanding/dangerous for MM's.. er in meeting their market making obligations in yo-yo/quickfire scenarios .. they can more readily end up with not enough stock on their book one day and too much the next ..or visa versa..etc.. and so it's a riskier game for MM's..
Short term traders exiting, clearly.....
The nature of AIM these days sees many playing in such a fashion, and so there can readily be a decent retrace off the back of a rally.
But fundamentals investors should start paying attention here now .. especially including Mr Fowler - hopefully - publicising this widely in the coming weeks, to get it even onto more fundamentals investors radars in the first place..(you can tell by the relatively small number of posts here that this is not - yet - a remotely widely followed stock on AIM)
When on their radar, plenty will likely see a market cap of 10m gbp ish versus the fundamentals here now as joke low.. and buy in .. and that's generally bigger size and stickier buying
IMHO & DYOR
My guess is more short term traders will exit here in coming weeks .. meaning this might go back under 1.5 p to buy in the coming weeks ..
while my remaining- Small - holding would take a hit , I’m ok with this as I’m open to adding slowly /small size into any s/p weakness from here, to bring my average down a bit as we go ..
This was 1.5 ish p not 1ish p ahead of that heads up DRC contract coming RNS on March 28th .. and it was harshly beaten down for years to be that low too.. so much closer to 100 p/c than 200 p/c rise 'on news' so far here .. and that from a dirt on the floor base
I expect this to go into the 4'sp - and then beyond - soon enough.. first traders need to have their moments.. and also people need to look into the contract more closely..
#GameChanger
IMHO & DYOR
And have put money where my mouth is and topped up this arbo
Earl of AIM is a comedian imho.. if he's thinking this will go lower.. then I'm more confident it'll go higher...
I certainly remember when this was 250p .... the life before COC ... and in earlier Kevin Hart days it may have been plenty higher again (i have 400p stuck in back of my mid for some reason..but may be confused with that )
Fair play to you Mr Fowler !
Maybe he's following you around all these boards because he thinks you're a genius trader, Rick .. and he'll be on board here soon too now ?!
I don't think you'll be getting a Christmas card from Steeltitan this year Rick ?!
We just need Gordon Bennett on board here now for the full house
And a few k's worth of buying is enough to get this top of risers board on % gained..
Little stock available at this extraordinarily low - imho - share price, seemingly.
I just did a small top up for the hell of it.. in case somebody/ies is/are looking to buy even a few 10 's of k's gbp worth .. which might push this s/p well further on up again..etc..
I like the assets here a lot .. and participated in the recent raise.. and still have plenty of hope here that FID will come in the end ..which is a game changer here .. etc
Michael Taylor's - whoever he may be - last line in that X post made me smile :
''I believe little is in #HMI's price because nobody likes it.''
Nobody likes it for good reason perhaps Michael ?! :-)
PS: Barno, I propose you re research your research so far.
I don't have a clue how to value that REE RNS here.. and as I don't particularly trust Mr McMaster i'll stick with 0 for now..
But I do think the 'fertiliser' business will slowly/steadily turn around - from a total mess in 2023 - thru this year and next and so paying 2p ish of a bit under as a buy and hold play here around now seems ok to me.
I'm somewhat concerned re day traders who bought yesterday dumping in coming days and so will wait and watch for a while before looking at adding back here ..
(I have a small bet in play here now only, had a mid sized bet but sold plenty of that yesterday between 2.4 p and 3p.. but I do intend adding back here as we go .. was/am hoping for a sub 1.7p buy later this week.. but may not get that, I understand)