Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
huge sell at the end of the day, not really a good sign...
If we so happen to get the mother of all RNS' soon, what are your guys' thoughts on where the SP might ramp up to? When i look at other stocks trading on this exchange like SAVP, they have a market cap of around 216 million pounds. Would we be in the same ball park or higher?
baerite, give it a rest. I suggest giving Guitar some respect.
Hi guys, I also have a feeling in my gut, but it's that we're going to get another placing real soon ;)
More like waiting on the next placing.
A raise at these prices would be detrimental. the hope of regaining any sort of shareholder value will be destroyed.
Are you kidding me Sub? Welcoming another placement? Are you insane?
lucky for us COPL is a publicly traded company and anyone can go and see what horrible financial shape they are in and use that as a bargaining chip eh guys?
If a share consolidation takes place, anyone under water will never see their money back.
Sub, what do you think COPL was to Oilexco lol. He got away with it then and will again, I guarantee it. He'll sleep just fine too, knowing he SCREWED many shareholders yet again. Somehow he'll still manage to raise capital in the future too, that's the scary part.
"ShoreCan is in discussions with the Service Provider, which involve the provision of drilling services, the supply
of a mobile production unit and a storage vessel for a deferred fee. The Company will provide updates on these
discussions in due course. " this excerpt was in the Q2 MD&A released on August 13th, but does not appear on the Q3 MD&A released yesterday...... What the f*ck is going????
Jetxie, nothing to worry about except billions more shares being issued, a likely share roll-back and raise, or lights out. All of which will more or less decimate the chances of most to break even.
No cash left, no deal done, share price is circling the toilet bowl and getting closer to zero by the day.
Pardon me, their cash and burn rate are in USD, but it makes no difference.
As of Sept. 30th, they had $484,000 CAD. Their monthly burn rate for Q3 was $312,000 CAD. At that same burn rate, they run out of cash 4 days from now. I expect another raise by early next week probably at 0.05p. As such, they will likely raise 500,000 pounds by issuing 1 billion shares. The hope to generate any shareholder value gets decimated with each raise. Unless we see the mother of all RNS' in the next few days, I'd say this play is DEAD.
I'll summarize them with an excerpt from the MD&A for you:
"The Company currently does not have sufficient working capital to cover forecasted administrative expenses for
2019"
Another raise by the end of the month, I guarantee it.
Garbage company.
Apparently that takes 45 days! Hopefully they'll just be honest. "We have no clue when drilling will commence, but expect the outstanding share count to rise substantially in the coming months:.
They will be released by tomorrow at the latest, otherwise they are in violation of their reporting requirements (e.g. the garbage CSE exchange requirements)
I heard half of those twitter accounts belong to StockTracker
Another extremely vague update by weeks end? I bet they forget to take out the "targeting to drill first well by 2019" bit out of the regurgitated text they've been copying and pasting to each quarterly update.