Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Sorry all but think I missed this - they said they'd be issuing an RNS shortly relating to a new product? That's quite exciting if so.
There are two sides to every negotiation, we've only heard one side, let's be clear on that.
The share price drop is quite understandable, probably now at a reasonable level given the change in circumstances. But always very hard to come up with a valuation for startups that aren't profitable, revenue multiples are unfortunately one of the alternative valuation options in those circumstances.
Love the optimism in this group (generally at least!), now all we can do is sit back and wait for more clarity on the plans.
Hopefully this is either a negotiation tactic (which I doubt) or the company perhaps wants to (and sees a bigger opportunity to) pivot it's focus to other higher margin products.
Agree with Chilting that we need time to really see the pros/cons of this. We all have views but can't know for sure as we don't have all the facts or a crystal ball.
I remain sceptical for now (although staying quite heavily invested).
The point about this being an ITX driven decision is only based on comms from ITX, there are two sides to a negotiation and the customer clearly thinks there may be better alternatives (whether cost or quality or whatever criteria).
I agree with Smart, I'm in Itaconix for the long term and think they have great potential. But anyone who thinks this is positive is - in my opinion - basing that view more on emotion than facts. Losing the biggest customer and 30% of revenues is a major step backwards. Drop in share price seems pretty reasonable unfortunately, could get worse before it gets better given it undermines growth plans and the perceived stickiness of revenues. Let's hope other products and revenue streams work out but there's no guarantee of that. I'll remain invested but definitely not the long-term "banker" I once thought it was.
Personally, I gave up trying to predict daily movements in the market long ago. Whether the market is up 3% or 10% today is not really that important. Holding onto Yu for the medium term. just seems an awesome opportunity given the numbers, and very happy to hold and enjoy that ride. Income funds may well take an interest now, definitely seems a lot more upside than downside whether you want capital growth or income!
New Liberum note titled embarrassment of riches, new target price 1883. (P/E of 6.8 based on 2024 expectations)
Personally I think 1000-1200 is a good near term target. Great growth prospects offset by being a high risk sector. Like a lot of you, I've been in since some pretty low numbers. Have made a good amount, I'm top slicing and looking for other opportunities now! (P.S. Very open to any ideas anyone has..)
Agreed Sparky, nice to see patience paying off. Not quite as long for me, maybe 3 years.
Let me know your other positions in case anything interesting. (for me, ITX and TRX, and bitcoin!!)
Perfect, cheers
What's the link please to track the shipments?
Is that definitely from Itaconix supplies?
It's a reasonably positive update. But the company has been operational now for over 15 years with negligible revenues. So the fact everything is continually so forward looking still is why the share price continues to be depressed. Reflects a lack of tangible commercial progress over an extended timeframe. But I personally remain invested and with eternal hope!
How music got free, by Stephen Witt. Has some of the history before and with Napster. Worth a read if anyone's interested, also on Blinkist.
Thanks guys, some interesting suggestions, will take a look!
Really lost momentum for now, but this is a longterm great investment from what I can see, pretty huge potential, so can't say I'm particularly concerned.
Wanted to ask if anyone has any suggestions for similar stocks though, undervalued and unloved is my favourite...
OK thanks chaps, not in any rush but impatient to see how the market reacts. Like a lot of folk, I'm going to hold for a few years almost no matter what.
Thought we were meant to get an update on the new listing by end November, is that the official date or did I get that wrong?
OK blimey, surprised at that.
If you invest £100 in an EIS, you can claim £30 back from govt in tax return.
If you hold for 3+ years, there are no capital gains tax liabilities.
If they go bankrupt you can write off the loss (ie £70) vs your income tax.
As an aside you can also defer any capital gains tax that you do owe, by investing the equivalent amount in EIS investments.
In summary, big advantages with EIS. Quite surprised RENE qualifies, but take advantage if you can.
I can summarise EIS tax advantages pretty easily if anyone interested. This placing isn't EIS eligible is it though?
Separately, revenues of 41k if I read correctly. Ouch. Would have assumed additional payouts from Fosun would have been triggered by now.