Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Thanks for the response moleinahole. Elgood and Southwark have been a disaster. The Blythe well seems to be the well that could change the companies fortune. If Blythe H2 performs as expected do you see 10-15p? As the year progresses I’d expect gas prices picking up again.
What happened with this well and it’s current situation?
It’s a development well. Blythe H1 produced at the volumes they want at H2
Has the well spudded yet?
Both HE1 and noble no doubt have the option of rig selection. This consortium provides the synergies of transport costs and de-mob and at the same time makes it very attractive for the rig provider....I.e longer drill window. I think a drill contract will land within the next few weeks.
This breaks 5.5p in early trading tomorrow.
Hopefully all the bad news is out the way and they can get the rig contract sorted. Plenty of runway to get a good share price rise. I’m not a holder yet and didn’t like the updates last week. There is an opportunity here if the board can now deliver.
That £13m will benefit from the 90% tax allowance right?
Never say never. Today’s news was positive
Noel I tend to agree about TheTradersFoocus
TheTradersFoocus - not quite sure what you are on but this is a gamble and will be until they derisk a commercial discovery. When I held I has hoping for 7p but the macro environment changed and the windfall tax came into force. Pensacola if proven will derisk the basin - 5p+ valuation would seem about right on a commercial discovery (£100+ cap). If it’s non commercial then the market is not going to attach much or any value to Pensacola, hence the sub 1p downside figure. I don’t hold so have no interest in what happens, other than a commercial discovery will be good for AIM and I like this company. Later this week we will find out who is correct.
Good luck all here as an RNS is about to land. I got in at 0.85 and sold around late 3’ps.....no need to gamble if you get in early. I suspect a commercial discovery will take this 5p+ and a negative result sub 1p. I like the company but what I’m saying is don’t gamble what you cannot afford to lose.
There is Ghana, Iraq and a really tight capital structure here with the board owning about 25% of the company. Pet has a £2.5m cap and have openly advised they are on the hunt for a new asset. Clon £4m cap with a higher cash burn and director shares that are to be converted in leu of historical salary. Both will move together when the other rises. At 1.4p these look good value