Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Interesting.... they said in 2023 they could buyback up to 20% of the shares in issue but so far, after 12 months, have only bought back about 6.6%....
Still watching....
The chicken or the egg? Can't have one without the other, it's an impossible question to answer.
I hope the same thing isn't going to happen with the local Council signing the agreement and PM paying the compensation, because that's the way it sounds to me. PM won't pay until they have a signature, Council won't sign until compensation paid.
Result = stalemate = no oil.
After everything that has happened thus far nothing would surprise me.
@ WOS - the Company DOESN'T have oil, Mongolian land has oil and the Company isn't being allowed anywhere near it.
What really amazes me is how Petro Matad were allowed to drill a hole to find the oil in the first place. There is something fundamentally wrong with the way this has all panned out so far.
Good to have an update/news, but more of the same - words, waffle, heel-dragging and can-kicking. Still no bloody signature on anything.
Project launch in H1 but unlikely to be signed off until June at the earliest is how I read this, that won't leave much time in H1 for full launch.
Hold & wait, what else can we do?
*would
Or does this all smell a bit funny?
Surely not a coincidence that Poppy and Nicole both sold a load BEFORE the KKR announcement? They must have known that was going to happen and what it wold do to the SP.
Hmm......
What I understand is that other investors do "research" and raise others expectations by relentlessly posting (LP) 'RNS soon' or 'RNS this week' or 'RNS next week' or 'RNS at 3pm or 7am' and yet we still haven't had the long awaited and much anticipated LP RNS that will supposedly unlock everything and re-rate the SP to a point where some of us can exit without loss.
By all means post research but don't raise expectations when ultimately no one knows when LP RNS will land, it detracts from the actual facts and destroys your credibility.
Everyone's patience has a different threshold too, so no wonder some have trouble 'focusing on investment'.
Personally I've been here quite long enough, I'd like to get out asap once I'm in the blue.
MATD not unique. What about Kefi Gold? They are also at a crucial pivotal moment.
And like MATD have been saying the final sign-off to release finance and launch the project is "imminent" month after month and year after year, and like MATD have had fund raise after fund raise and dilution after dilution, and have yet to produce a single ounce of the valuable stuff.
Jeez I'm invested in some terrible companies!! HE1 too. CLON before that and HZM more recently. Jeeeeez................
It's no wonder my PF is f****d.
@ UPshunt - Easy to see how investors are so frustrated here, frustration just isn't a big enough word!
Plenty of land in Ethiopia - just find a plot, claim there's gold in it, set up a "mining company" and get it listed on AIM to raise cash. Should be enough to keep you in pub lunches, beer and carrots for the next 15 years easy 😉
Header say all.
Seriously, it could literally be any day, transformational RNS will definitely be released somewhen then MASSIVE re-rate could possibly happen.
Invest or not, it really is your choice. Don't let anyone tell you otherwise.
😉
Harry should have got himself down to the Central Bank of Ethiopia yesterday, seems they were 'giving money away' due to a system error, some $40M according to news sources!
It's irrelevant to Kefi but thought it might brighten our day a little 😉