Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Panamabob - I've noticed everytime they drop the ask to 1.90 or below it's triggering buys. I bought in for the first time on Monday after the RNS of LOI. I've managed to pick them up at between 1.80 - 1.95p. I had set a buy order at 1.85p to try and add some more. My own personal opinion is that this is cheap below 2p, hence the reason I'm a buyer. I feel for those that need it to 3,4 or bag to breakeven and do hope it does for them. I would be happy with 3 or 4p. I hope it goes a lot higher for the LTH's. Good luck. Atb Popeye.
Jedclampit - Yes in means the deal is dead in my honest opinion. Cinche bought the 20% stake as a blocking tactic as was reported in all the press over 18 months ago in an off book trade from former director Tony Bramley at 102p. They're now using their stake to block the deal which was always their intention right from the very start when they acquired their stake. Look at the amount of trades and the size of them after the bell on Friday. Hambro who gave an irrevocable undertaking for their stake are now all but out. For Cinche owners, it's better for them for it to stay under it's current ownership. I think another bid coming in, is just wishful thinking on the part of some. They should have done what Hambro did and start lobbing immediately!!!
I have to agree with Shaun and nitrox. I added more yesterday into the close by selling another stock. I've also added this morning and under 2580p by once again reducing my holding in another stock. I will carry on adding if it continues to drop. This is just a cycle with BAT. I've seen it before. But as long as you sit tight and keep collecting the dividends, in the long run it's win win!!! With dividend yield now approaching 9%, this current price is an absolute gift IMHO.
Firstly we do know that we're going to run out of cash. That's a given and a fact, not an assumption. Secondly this was a fantastic short term trading opportunity when the SP was below 10p!!! But that ship has sailed. NICE has been common knowledge for a long time and also the associated recommendation time frame. Unfortunately the company has wasted an awful lot of resources and shareholders money pursuing covid tests, of which none have come to fruition. From the companies own presentations they expect AIHL to produce revenue of £5m per annum, once it has been rolled out in it's entirety across the UK NHS. That is £5m revenue, not profit. With GDR's cash burn the company will still be making a huge loss. GDR need the USA and Europe in order to become profitable which a lot further down the road. LTH's should be extremely grateful that the rainbow chasers jumped on board and pushed the SP to it's recent highs prior to the inevitable placing that is coming. Remember there are no institutions currently invested in GDR, they will have their opportunity in the fund raising. PI's will also get an opportunity to take part in the placing, as was the case in the placing in October 2021, but PI's chose not to take part and only a very small percentage took up their allocation rights.
There will definitely be a placing and it needs to take place pretty soon. At the end of October 2022 GDR had circa £3m cash. We're now four months down the line and with a cash burn of £400k per month that leaves the remaining cash in hand at £1.4m. You then have to subtract just over £1m of liabilities that are sitting on the balance sheet when the company reported in November 2022. Once that is taken into account it leaves a cash balance of £400k. Hopefully, fingers crossed the R&D tax credit has landed, otherwise GDR are perilously close to trading insolvent. I think the raise will be for a minimum of £8m and could well possibly be £10m. I think they will raise at 15p a share which would be at a 36% discount to the current SP. The raise will represent a 60% dilution to existing shareholders. Let's be honest the SP of GDR has performed extremely well to rise from 8p since December last year to it's current level.
You're dead right norbua, news could land anyday including the news of a raise. Last time they did a raise the SP was at 42p and they carried a raise out at 25p. So going on that basis, with the SP currently at 25p they would carry out a raise at 15p. That news could land Monday, it's a possibility. The good news though they will offer it to PI's as well, last time they did a raise, they also offered shares to PI's, but it was well under subscribed because PI's didn't take them up. Good luck. Atb Popeye.
Lloyd88 - I've sold my entire holding. Stops started getting triggered from 22p right up to 32p. The last of my holdings I sold yesterday. My last sell was at 28.5p. I was holding an awful lot of stock and I've made a considerable profit from Genedrive once again. The average for my holding was 10.8p on entry and I exited at an overall average of 27.86p. Well done on hitting your target of 31p and getting back to breakeven. After all the pain you've been through, holding through the dark days when it hit 8p!!! You deserved to come out unscathed. I wish everyone that is still invested the very best of luck and I hope it reaches your own personal targets. Good luck all and Goodbye. Atb Popeye
I would love to buy more at under 3000p but I was more than happy to pick up a hefty old tranche yesterday at 3019p. Certain things on our wish list don't always happen. I would also love an Oyster 675 sailing yacht!!! Good luck. Atb Popeye.
Stephen11 - The pleasure is all mine. You are absolutely welcome. I think it's time for you to upgrade that balcony cabin to a suite. I'm flying back to London in February and also in March if you're around??? In May we're sailing the yacht up to the Canaries for a few months. Take care. Good luck. Atb Popeye.
I've been buying in tranches all day today. If been waiting for a while to get back in. I would love to see it go below 3000 as an opportunity to add more for the dividend. As is always the case when a share buy back program comes to end the SP dips. Looking forward to the results and between now and the results I will continue to add purely for the dividend income. Atb Popeye.
Ironically the 335,410 sell for over £54,000 would have got less than half of that 6 weeks ago!!! Achieving only £27,000 for the same amount shares!!! I feel for poor old DSFLAT. He sold 600,000 shares for £54,000 at a huge loss, had he waited another 4 weeks he could have realised £114,000. That's a huge difference in anyone's book. DSFLAT was so positive regarding GDR and his investment when he burst onto the scene, posted really good research, but sadly he allowed the dross on this BB to get into his head and missed out on a £60,000 payday. He would have had a lot more than that had he held his nerve. Then there was Inphobe, again a really positive poster on the future of GDR, but he sold out completely at a loss and then popped back and asked the rhetorical question why should I buy GDR at 8p and went all negative on GDR, purely just talking his book, which is a very bad trait in an individual. Good luck to all invested and when you decide to exit just have the common decency to say goodbye and good luck to all those that are still invested. Atb Popeye.
mazik - I totally agree. Contrary to the beliefs of many that post on here Genedrive currently has circa £3m cash when you include the R&D tax credit. They have a sufficient cash pathway for the next six months and current cash burn. That's a huge window, time wise, to release a lot of good news. Hemo had a market cap of £80m with only £1m cash in the bank. The SP of Genedrive can push a lot higher before any form of fundraising. Good luck. Atb Popeye.
I've got a funny feeling that the SP is going to spike any day very soon. The current trading pattern is a carbon copy of last year when the SP was sat at 12p. On the 11th March last year it spiked at midday with no news to 16p. Don't ask me why, but I've got a feeling history is going to repeat itself and the exact same thing is about to happen. It's only my opinion. Good luck all. Atb Popeye.