Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Fraud is the worst case but I originally made some money out of this in 2009 but apart from my recent £65 windfall on buying the placement and selling an equivalent number it's all been pretty depressing. Hope springs eternal but it's also the hope that kills you!
If what you say is true then nobody would ever bet on any odds greater than evens because that says the experts don't expect it to win and I am far from an expert. However I do retain some hope that this is not a fraud and that there might be news before Quantative Easing ends. So for now I'm in but well done for going off piste in the first response.
Ok folks so it didn't happen in Q2 unfortunately so I have two questions for you. No rights and wrongs just opinions. Question 1) What do you think the share price will be 31st December 2021 Question 2) If you had 100 beans how many of them would you put on the share price being 10p or more at 31 December 2021. Feel free to give reasons if you wish but no bickering please! Mine are Question 1 ) 3p Question 2) 10% my fear is that there is no such thing as free money and this may have been over hyped a bit.
Ok folks so Q2 didn't happen unfortunately so I have two questions for you. No rights and wrongs just opinions. Question 1) What do you think the share price will be 31st December 2021 Question 2) If you had 100 beans how many of them would you put on the share price being 12p or more at 31 December 2021. Feel free to give reasons if you wish but no bickering please! Mine are Question 1 ) 4p Question 2) 30% My big fear is getting the EL then somehow getting stitched up by Petro China who hold all the cards.
They could get approval by 30th June and announce it on 1st July and it will have been granted in Q2
Q2 can be no more than a hope because it is a process out of the Company's control
I suspect one of your last statements may well be true but not both. Just waiting to find out which.
If we go back to last October, the expectation seemed to be that Char had been handed a massive resource which they would partner with someone and tomorrow we would all be mirrionaires. Surprisingly that hasn't proved to be the case and that before the partnering or whatever can take place, those reserves actually need to be confirmed before we all become mirrionaires. Maybe we should have guessed from the share price that the market felt that it wasn't quite as simple as it was portrayed.
so now Adonis has gone from hero to zero as we wait for the RNS that tells us we are going to be mirrionaires and grow frustrated every day that it doesn't arrive. There's a lesson here somewhere. It may come one day or it may simply be like Billy Bunters postal order.
I'm surprised more people didn't sell to buy. The smile on my face with £65 in crisp fivers could have been shared more widely.
Depends what you are counting. Purchase price of 312000 @ 04p is £12480 but current vakue (at 15.5p bid is £48,360. All times 3 for 3 Directors.
As you say 9 days until the CEO was shown to be somewhat optimistic. However that is also time for him to be proven right. I guess we shouldn't be surprised as this is new ground and Mongolia moves at the speed that Mongolia moves at. Will the next RNS be we have now resubmitted with the additional information requested or we now have a licence or not as the case may be?
Still no sign of land, tell me how long is it?
This time more than any other time - and look how that ended!
Jam tomorrow!
I had to reply by 9th. I actually made some money out of Char shares for the 1st time since 2009 by selling the amount of my new allocation and buying them back at 5.5, Have bit decided what I am going to spend my £65 on yet but it's sitting there glistening as a little triumph!
Isn't SHC a woman ? There was reference to a husband, or is that me being out of date?
More than 20% of Q2 still remains.
I am expecting about 15p on approval. I think someone said last year it would be x 5 the current share price which at the time was about 3p.
Just to check I am on the right page. In the CEO's interview there was a 2 stage process to approval. One of those stage has been achieved by submitting something to the ministry and MATD then had to go away and update their final submission in the light of these suggestions. So are we waiting for them to update and resubmit or have they done that and we are waiting for a response to the submission?
Summary
It's mostly a summery of what we already know but does say the fall from 14p is unwarranted and this is a repeat buying opportunity. He recommends taking up the offer and says that Risked value is 23p and unrisked 326p. I suppose once the new shares are out there if it stays at 5.5p then it's effectively 11p in old money as shares in issue have virtually doubled.