Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Well I’ve followed ziq and a few others by averaging down
The drop has been on such small overall volumes it does feel like a forced seller having to take anything they can, so the bounce should be positive
Sandy, thanks for having a go at ballpark numbers - when so little info is provided, then can’t do much else
It also doesn’t provide any info over how long it took to create that much concentrate - is that all since the JV signing and start up?
After all its stated as the first shipment, not monthly production
Re the 5% net revenues of the new deal, that will then be minus whatever management costs VAST incur - but as has been said, that’s sometime off into the future.
SepticPeg’how do you explain £1.8m fund raise a week ago.....News must be near.’
Scroll through VASTs history of placing RNS and see how many are closely followed by good news
Following your logic there must be loads of examples….
DunkBiscuit re your 9.04
We have never know the details of the offtake with Mercuria, whether they take % value of each tonne of concentrate or a fixed value per tonne, but they most definitely will be taking a cut
Second before anybody says what about the gold/silver credits in the concentrate- as we have no details, the working assumption is that those credits offset the tolling/refining costs that would be deducted from the selling price
Third, as AP is forever vague, we don’t actually know whether breakeven in June meant the amount of concentrate produced (imo most likely) or the amount sold - the two figures being noticeably different
As the amount sold varies every month depending on shipping dates, using that as a breakeven figure would be largely meaningless
IQ15.7 - apply your interpretation of Occam’s razor to the outstanding debt
It’s been extended twice- with confirmation only coming about three weeks after it was actually due - your interpretation should be that the lenders will, at some point, lose patience and force the issue, at which point VAST and it’s shareholders are in deep doo doo
The question is when ? No more extensions, one more, two more ……
Nevergonna - sorry couldn’t miss the opportunity for a quick gag
It suggests major cash flow issues and obviously if not resolved quickly will have an effect on production
There have been union issues in the past so the story needs corroboration re the seriousness of the issues