Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Spin Cycle is my favourite.
Seems the market is reacting to the BOD surviving by the skin of their teeth, the only issue now is offloading shares as surely there is no one stupid enough to buy into this none entity ahead of the next set of results when they have no choice but to admit they have no income or funds left in the bank? All IMHO.
Yup this BOD seem to think they can run a business on litigation via no win no fee, they have no other vested interest in any business.
Read through every RNS they have released then advise me of one that is positive, tangible and adds value for shareholders.
Can't find one? Thought not.
Voting with this bunch of clowns has cost people money and lined their pockets.
They have achieved nothing other than dilution for investors.
Vote Against the BOD, it's not like you have anything left to lose and I hardly think anyone will ever recover their loses. I've said it before and I'll keep on saying it, not a single RNS that has been factual and provided a positive outcome, they have no cash coming in, think they can take on entire counties using no win no fee and can't sell their remaining assets.
Total scam imho.
Now that's someone talking sense.
CFQ the entire thing has been a scam for years.
As others have said this needs investigating imho as it's been obvious for years this has been used as a gravy train at the expense of shareholders.
Well over a month since the BOD supposedly received offers on the rust bucket rigs they were pondering over, still no update and no mention of who the offer came from or indeed at what price point!
Not long now until all those free BOD shares will have no doubt been offloaded.
Now I'm not a betting man but it ties in nicely with how long their final $1.4m will last.
The end has been nigh for too long, this BOD have added no value since the last lot fleeced investors.
This bucket has more hole than bucket!
Over 2 weeks of constant sells without a single buy. No surprise its dropped again.
Very interesting and sounding like more smoke and mirrors. Makes sense though and leaves you with the question, is there any case at all or just more bluff and bluster while the washing machine is on it's final cycle?
I know what I think based upon the evidence to date but will leave it upto others to form their own opinions.
Some big sells today at and below bottom price.
Will this drop again tomorrow?
Notice someone is offloading a few thousand £'s worth just about every day now.
Now I wonder who that could be?
Surely a swing traders dream at this % drop?
So why no buys?
Btw ManosOT I'd guess the red oxide would be worth more than the rigs now, not even Shepherds would be interested as you can't scrap iron oxide ;=)
Anyone would have thought any swing traders on min wage would be all over these given the % drop!
Sells starting to come in under bottom book price now, 160,640 @1.25p today.
Any guesses on when this will drop again?
Please explain how you have an average of 21p?
It exists in name only, no business for years. The flush is well and truely busted here and needs putting in a skip.
So this no win no fee court case how will they pay court costs if they lose?
They must only have enough in the bank now to pay any outstanding debt etc. so funds are frozen and they aren't even Bashful about it.
You would have to be seriously Sleepy and Dopey to be that out of pocket, let's say 55k for sake of argument and working a min wage job only for the bloke you voted in to stick it up you with a further 1.25% NI contribution on the same day.
I bet that would make anyone Grumpy and in no way Happy. Time to see the Doc.
Damned hayfever is acting up, very Sneezy so catch up tomorrow to see what further car crash awaits as I'm a bit Sleepy.
On the bright side they are making $500 a day hiring out equipment, while it lasts! Hardly Lord Tool hire levels is it?
Their next set of accounts should be interesting.
Subject says it all really, not a single redeeming thing to discuss here yet someone is reading every post and getting those that don't toe the party line deleted.
Speaks volumes to me and that's without mentioning the total and utter lack of meat on the bones of a single RNS.
What exactly does STA do other than burn investors cash? Anyone?