Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Sorry must be a bit thick but at no point have I ever read ANYTHING about the Redress costs only the fine . As it turns out the Redress costs are 10 times more than the fine
The older I get and the longer I’ve invested in the markets the more I realize market makers are not the most logical... it’s like don’t let the facts get in the way of a good story syndrome. Let’s face it this stock is not top on the investment fashion list .
2 big buys late Friday
Amigo’s largest shareholder the Richmond Group want out ... could Provident pick up Amigo at a massive discount.. could be interesting
January 14
Precisely what I predicted...
Just about to ask bob 555 the same question... we all know the past history that’s why the SP is where it is today but can’t quite understand why any past employee now working for the competition would 1,still hold shares and 2, be that bothered
Well somebody’s confident ... unless he’s a lottery winner I seem to remember not so long ago the CEO buying circa half a million pounds worth of shares at 4.50
Just chill it will happen.... when value stocks become back in fashion just see what happens. We’re getting very near the end of the growth cycle with some outrageous valuations on stock that will ultimately disappoint. The problem is we’ve all seen the rapid rise in The so-called tech stock and our expectations are in line with that thinking. I admit I’am no spring chicken and been investing in markets for a few decades but patience is a virtue when investing. The investment managers I use to look after my core portfolio have switched from growth funds to value which should be a large flashing red light to tell you what’s around the next corner on the investment front, PF falls firmly into the value sector with hopefully very few disrupters. In tough times PF will never be short of potential customers... money lending never never goes out of fashion so sit tight stop thinking unbelievably short term and let the markets play out there ill conceived rationale.
Still say it’s all about Woodford...
Totally agree until Woodford is virtually out of the picture this SP is going to be suppressed because at some stage most know he will have too sell ... his troubles are worsening... as an article suggests in the Times this Saturday It’s highly unlikely that Woodford will survive and in my opinion even if he does and the funds reopen in December the rush for the exit door will be massive. No investment Manager can take the Daily criticism in the national media on the scale it has been and survive.
It’s very very highly unlikely that Woodford can survive even if the Funds reopen in December the redemptions will be huge hence my original statement the market knows he will be a forced seller at some stage.
Sadly I think your missing the obvious the market knows that Woodford will eventually be a forced seller and until that scenario plays out expect SP to be suppressed and volatile .
Just in case nobody has noticed NSF share price has also been dropping like a pebble in a pond which suggests Mr Woodford and co is busy off loading in both camps. Unless the markets have inside info on the forthcoming trading updates which I very much doubt fundamentals are as they were 6 months ago with the exception of the exceptional costs defending the hostile takeover which will probably be spread over a number of years.
I very much agree with redkite 4 I’am being given this information through my broker and notes put out via the company to corporate shareholders, frankly from a serious analyst point of view I’am being advised any value has sadly gone,
I agree, any value left will be swolled up in costs and some doggy accounting to favor priority shareholders as for us mere mortals we’ll get nowt .
Without raising 10 million the answer is simple ... it can’t go on. The company now is formally up for sale so any new buyer will have to commit to the outstanding debt plus 10 million. In my humble opinion share holders never come out of a situation like this smelling of roses so any body thinking there about to make a fortune dream on.
I agree with you ... I’am not an ex employee but an investor that has lost serious money .My observation which I think says it all that if they can’t secure 10 million funding through there 3 major shareholders who are listed as Neil Woodford, Standard Life and one other Major fund house then clearly they have zero confidence in this business surviving. It’s fundamentally a floored business model that’s been open to greed and serious over stating, personally I don’t think it has a future in this format and the value is now lost .
I hear from my broker UTW is for sale .... who ever buys it will obviously buy the debt as well which effectively values the shares at zero, unfortunately losses will be born by the share holders, things certainly don’t look good.
Don’t give up I for one understand where your coming from, my personal view is any real recovery could take up to 3 years if indeed they get there. Your knowledge of the industry is evident.