Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Lockwood will make BAB great again or line it up for takeover. This is a gift at these prices.
It really is just old news being regurgitated, there is nothing new in there whatsoever. I concur with the other posters here that it's just a blatant attempt to knock the share price.
The facts are that recently:
1) the CEO and two other senior directors have purchased shares (see RNS)
2) US investment companies (including Goldman) have been building sizable stakes (see RNSs)
3) the company has been winning significant contracts (see company website)
Would 1) and 2) really be happening if the company was in trouble and a rights issue was on its way? Er, no, Sherlock. Those are the FACTS, anything else is pure conjecture.
The company has been very clear that it is not saying anything until May. It's inevitable that with a timespan like that before the company updates the market, wild speculation will happen and people will try to push their own vested interests.
The fact it's back up again today just goes to show that yesterday's drop wasn't down to corporation tax, or profit taking or rights issue fantasy stuff, IMO it was exactly what I said, just the shares being manipulated to allow someone in or out at a discount price. OK, yeah, maybe a bit of profit taking among the people the MMs scared off. BAB is like a coiled spring and each time they knock it back it twists it up another turn. When it goes, it's going to go big.
and it will be £3.50 before the end of March. Call me out on that in April
"Totally collapsed" is a bit strong. It's 8p down at worst. Filling a big order, I reckon. I bet we see an RNS for another institutional purchase before the week is out, either that or final shorts closing.
Would anyone care to speculate about when dividend payments will be resumed?
Only just reported but short positions have been reduced by a further 0.20%.
The RNS was notable today too, being a US based institution buying more stock and building a considerable position.
This will be £3.50 in no time.
... except Barclays target price isn't 270p, it's 145p
Agree 100% PF. Either absolutely shameful or absolutely incompetent, those are the only two options.
None. Next stop 350. Briefly, before kicking on
It'll be interesting to see if the remaining shorts have now closed. I think the list refreshes in the morning.
This recent movement north shows what an utter laughing stock the Barclays "analyst" was with their joke target price a few weeks ago and makes it feel more and more like it was an outright attempt to help out friends who were short. We will never know.
Get yer candlesticks out boys and girls
Hmm, let's anayse that shall we ...
Current LSE Market Status
Advancing 683 = 39%
Declining 591 = 33%
Unchanged 500 = 28%
It's free money at this price, simple as that
This is just the last few remaining shorts unwinding. I expect a very strong push forwards very very soon.
You need to relax JSMills. Hardly anything ever goes up in a straight line. These are going along very nicely. Steadily moving up. Shorts closing, clear upward trend.
See you all at £3 in a few weeks' time
Shorters running for the hills! Beautiful
It's going to smash through 240 and kick on. The volumes below that level are tiny now, no one's really interested in selling sub-240 so it'll move up and close out the few remaining shorts with it. I expect it to finish the week 260-270 area. That's without any positive news.
Bye bye shortypants
Yeah, maybe Banxy.
Overall the short position has come down substantially in the last few days, that much is certain.