Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Let's see what happens.
And I'll be back in...
Auson
Thanks for the kind words...
I think Napoleon said 'i prefer my generals to be lucky rather than good...'
I've had my share of dogs.
Max Petroleum... Made half a million profit and lost all but 10k of it when they dived.
I lost big time on gulf sands when Syria imploded.
I'd have much better golf clubs now if I'd played that better.
I was in Japanese secondary.healthcare markets when rhe 2016 BREXIT referendum hit and made my retirement there. A particular company Sosei, was especially good for me. I made 30% just on currency differentials..
My stakes here are now no more than 50k despite one play higher.
I'm now playing with profits from previous trades here.
I'm far from infallible but I'm enjoying a bit of luck..
See me in a week and I could be trashed here.
The most worrying thing I see here is people falling in love with the share... Been there and it's a recipe for disaster...
OFP
Auson,
Shorts are negligible imo and the daily trading volume indicates dedicated buyers and dedicated sellers in significant volumes far above what shorts at 3% could impact.
The financial media speculation of repositioning looks to me to be accurate and supported by the sp patterns.
I could be wrong.... I thought I was once but I was mistaken...
Until insti repositioning is completed their overhang is what is killing every positive move.
Those are the bot trades we've been seeing for weeks.
Patterns are absurdly obvious and consistent.
IAs I've posted, i've been buying sub 50 and selling off at every 3-4% for a while.... Good safe money but boring....
You can't rush this. Likewise it's not a sports team. It's ok , even good to see this fall as it's opportunity to buy.
It's the most consistent volitility play I've seen in a while...
52 week averages are vastly distorted due to November events
ADX is the indicator to watch. Imo.
Will I get my 48p today?
Exploration gone.
Kenya gone.
Dividends gone.
The new TLW is striped to the bone. If this doesn't say fire sale and asset strip nothing does...
https://www.nasdaq.com/articles/tullow-oil-plans-to-cut-third-of-workforce-seeking-%2420-mln-savings-2020-02-05
Probably too soon. Got 3% net on the day...
The cost cuts were always on the cards... But which department?
Reduce drilling and keep existing 2P value for the bid or risk another.duster...
That's the real game at the top table here.
Missed my 49flat. That third pint at lunch.... Damn...
Have another look for it at the 15:00 massacre....
There is money to be made here gents, with this volitility. Its only 2-3% over one or two days but over two weeks and you're making good money.
The buying power here is consistent and derisks any buy below 50p
Just saying
RRR,
I admire your optomism.
We had a sayimg. back in my engineering days in London that may or may not apply here...
" A bird in Hammersmith is worth two in Sheppard's Bush..."
Luck to you.
Cashed in on the rise. Nice gain net of about 2.4% in two days.
See you all again below 50.
Stay off the Kool Aid... It's only a share FFS....
Two of the three short positions are 52-53p range. I reckon they are momentum trading sniping on the limited uprends as I do here when I sell my day trades.
The BlackRock short is.muxh lower I reckon.
Less than 4% is considered negligible
The high volitility here makes shorting much easier.
https://www.reuters.com/article/us-eco-atlantic-guyana-idUSKBN1ZX0V8
Different agenda and risk profiles for each manager. I reckon 60% of the 87% insti holdings will shift
Probably around 700 million shares. Daily volumes are around 22 million ish... So soon I reckon... Another week. All guess work.
And it won't go up until they clear it.
Didn't expect this one.
Question for someone with time on their hands...
Total number of shares issued?
Total number of shares traded since the crash?
Given an 87% institutional holding and a conservative 70% of those being shifted as funds reposition, we can work a rough idea of the potential overhang here.
Once that overhang clears, the share will react more cleanly to company news instead of just market dynamics...