Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Amers - fair play. Good luck is all I say, anyone putting money into this needs it. Nah not £6 for me, thats the Doctor. I average £3.80 but would probably take around £1 given the state of the company and prospects.
That was a once in a lifetime event, by the time it happens again ncyt and their ilk will be history, big players won’t.
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As I explained on Sunday in bearcast, the donkey Novacyt (NCYT) will either get a one way trip to the glue factory in June if it loses a £134 million legal case with HMG or, in a best case scenario, take the same trip early next year when it runs out of cash. Today it has dissembled about bad news from Taiwan but it is hiding the really bad news, a bust up with Thermo Fisher.
Thoughts?
Totally agree with CS about getting out once it’s over.
Swag - I think you’re being generous to ncyt re another pandemic. There is absolutely no way the big players would allow crappy little companies like ncyt to take hundreds of millions and will no doubt be set to intervene if such happened. Also, government has done all they can to destroy the small players as they’ve got zero interest in anyone other than multibillion pound corporations
Totally agree with CS about getting out once it’s over.
Swag - I think you’re being generous to ncyt re another pandemic. There is absolutely no way the big players would allow crappy little companies like ncyt to take hundreds of millions and will no doubt be set to intervene if such happened. Also, government has done all they can to destroy the small players as they’ve got zero interest in anyone other than multibillion pound corporations
No, as always after a decent up day it's red again. Like night follows day.
I think there's far more chance of them delaying it than settling. That said, they have so much dirty laundry that this would likely get lost in the pile, or the vast majority of Tory controlled MSM wouldn't report it anyway so the majority of the voting public wouldn't see it anyway. All they'll see is more stop the boats nonsense, lies about sunak bringing inflation down and headline grabbing tax cut bribes.
Talking of manipulation, today within the space of 1hr 10 mins some bought 14,488 shares and sold them again for a £123 profit (gross of fees). I just can't believe that such a thing would be worthwhile for a normal PI therefore feel there must be more to it. I appreciate there are likely lots more of these instances with the 3k/5k buy/sells etc. but that one stood out like a sore thumb due to the distinctive volume, as an example
It's not about a day though Amers, it's about the long term. I certainly haven't got the stats but look at the price every day and would guess that over the last year it has been red on 85%+ of trading days. So the occasional 10-20% uplift means absolutely nothing to LTH's, and is only useful for short term traders who are manipulating the price
HC, indeed. Never claimed to be an expert, look at the charts etc., just on gut feel and sentiment really as the significant drops are usually a result of dire RNS statements, as we had last week. Today is certainly a surprise but personally it means very little given that a 10% rise these days is just mere pennies and is more often than not very quickly offset by either a big drop over a few days or death by a thousand cuts over a few weeks. I certainly won't predict when this rise will end but I wouldn't be shocked if it's red again from Friday/Monday for a couple of weeks.
Amers, yes unfortunately I do think they'd still be here. JW somehow got a huge majority in being re-elected (absolutely baffling) and so I'd expect him to continue running things as he has been. No decent CEO will touch this (unless the salary is far too good to be true) until the dispute has gone so presumably we'd continue bumbling along with JM. Re the cash being gone, I guess we wouldn't be far off if we continue to see eye watering losses, but maybe £44m could last 3 years (excluding acquisitions) if we cut enough costs.
Decision already made? It’s January, the case isn’t until and that’s before any delays.
Lots of cash? Yes maybe but two years ago we had £100m, we now have £44m. YG aside, that isn’t a pretty picture. We could realistically be sat here in 2 years with £0 in the bank and same incompetents in charge. Well, I certainly won’t be here but ncyt itself.