Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Dc2 - we're all thinking the same...
Also, I'm not sure why, according to Allenby, current year profit should be so dependent on a software contract that won't be signed until just before the end of the year. Surely the bulk of the profit will accrue in future years?
If it's just deferral of purchases by customers that's the problem, it will soon unwind - as will the market over-reaction.
However, I think the new CEO is indulging in a bit of kitchen-sinking here - which has inevitably played into the hands of the MMs.
On the plus side, Mr Burn does at least sound like he's on the ball. Let's now see if he puts his money where his mouth is...
No, it was just a test purchase - though I have made a couple of purchases recently at an average of c14.5p, in the expectation that the market will finally respond favourably when the interim results are published (the drastically reduced cost base should ensure a respectable profit whatever the revenue performance).