Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Hand was forced on this one, getting a tax refund was the only way they were getting through the first half of this year. Now time to lay low and wait for a better climate to sell the business, shares will be diluted and cash will need to be raised to get through rest of 2024. You could sell the biggest companies in the world in a 1/4 of the time this has taken, Apple, Microsoft, Tesla could announce they are selling the company today and it would be done quicker. I've accepted my money is lost on this share, gutted is an understatement but covid and Ukraine war has killed this.
Reality is nobody is going to want to buy large amount of assets in the grounds of Russia as it's far too risky give the political climate, CS is laying very low so Putin doesn't start sniffing around the company and taking away our very valuable assets. Company is running out of cash so I think it's likely the shares will be diluted again to raise more cash to stay alive, this is likely to happen within the next few months IMO. I really hope I'm wrong as I've invested a lot of money into this share since 2020 therefore would like to break even worst case!! I think this is the most common sense reason for very infrequent updates, we all feel very strung along which is rubbish!!
Okay sorry my bad I didn't mean the RNS but I have read that the next stage typically takes roughly 4 to 8 weeks to complete and we are on the 8th week now, I just don't understand why people would even risk selling up this week just in case we hear about a development.
I reckon we still have more time to load up :)
The last RNS said the next stage takes 4 to 8 weeks to complete, not saying this makes any deal official or a cert but according to the last RNS we should hear something very soon which should give us more information on where we stand.
Don't understand why so many people are selling their shares on week 8! hope they all miss the boat through stupidity!
Since the last RNS on 14th January we are now on week 8, the last RNS quoted 4 to 8 weeks so if this is accurate then we should hear something today/tomorrow.
I don't personally think it will be this week but I don't understand the logic or why people would risk selling their shares when we could literally be on the brink of some good news.
I would understand it a bit more if we were on week 9 or 10 from the last RNS but we are on the final week quoted - dipsticks!
Come on guys, 10 days ago these shares were the best thing since sliced bread and everyone was raving about them and this week I have read nothing but negativity which is leading to lots of people selling up or losing confidence.
The process is dragging out and I expect that to continue for a while longer but we still have the same assets and PGMs in the ground as we did 10 days ago so chill out, keep positive and stop moaning.
RNS will be released when good and ready, the Board will not give a monkeys about what we all think about the delays and they will not jeopardise something they have waited 20 years for just to put our mind at ease! so chill out and cheer up!
OK mate... I hope you're right it's not exactly to my benefit this being dragged out as I could do with a few extra quid.
But you cannot disregard my thought process completely, especially given the track record of this whole sale process.
I would be very pleased with £1.25 a share :)
Not at all... were all entitled to our opinions at the end of the day but I feel this deal is very complex with a huge amount of money at stake....I also think EUA would of stalled the sale process a tad as they would of forecasted the PGMs increasing in value which ultimately will increase the sale process.
I hope I'm wrong and we get the news anytime now.... but I'm personally not confident the next RNS is to tell us all its signed, sealed and delivered.
Fantastic share to be involved in and a huge amount of profit on offer so I personally will be backing it until the end.... again hope I'm wrong and it's only my opinion.
Not really Hooch.... just prefer to be realistic than a fantasist! I'd love a sale RNS to land right now but it's not going to happen just yet... I wouldn't be surprised if something is agreed now but I'm not expecting us to hear anything concrete for another couple of months.
On the plus side it gives me more time to rack up some more shares and hopefully get myself a bigger profit!
:)
This deal is going to take another 2 - 3 months minimum to get it over the line, part of me is hoping a price hasn't been agreed as I feel we are in a much better position now than 3/4 months ago with the PGM values increasing to all time highs....I think EUA would of dragged the process out a bit too knowing the values were increasing daily!
But the time to agree a price and offer is now!
Be patient, keep topping up and I'm sure by July/August time we will all have a few extra quid to play with!
I keep seeing posts about how much the PGMs have increased in price and how that could increase the sale price etc
But surely the sale price would of been agreed several weeks ago so surely the last few weeks are irrelevant.
Am I correct in my thinking?
Evening all,
I've been reading lots of content re Eurasia and still struggling to workout their estimated value based on their assets outlined on the net.
I know there are lots of very Optimistic people on here but what do we think the absolute worst case scenario would be in terms of sale price?
I love seeing crazy high numbers but I also like to be realistic and set a certain figure in my head and any higher happy days!
Interested to know thoughts??
Cheers
Hi Guys,Hope you're all well!I'm fairly new to the stokes and shares world.... I've bought myself 9,602 EUA shares with the hope a great deal gets announced any day now - feeling very buzzy!As a newbie I was wondering if there are any other companies worth looking into at the minute? would really appreciate some direction as I don't want to invest blindly whilst learning the ropes...Both myself and my dad have invested wisely into EUA, feeling confident and very hopeful this can reach at least £1.50 as a minimum however I still think this would be mugging it away given what EUA has to offer the world!Good luck guys Louis