Member Info for S740

As Barrick Gold have announced the sale of North Hemlo and their exit from Canadian production entirely in the past month, I'd say 100% dead certain it won't be Barrick.

https://www.barrick.com/English/news/news-details/2025/barrick-announces-sale-of-hemlo/default.aspx

I can assure you zedy you're not the only one with that opinion, however we have stopped saying this publicly since we just get shouted down and indeed thrown out of the main Telegram group, the administrators of which are totally enthralled to Marc Sale. There is a second Telegram group more of your point of view, I don't know whether you're a member.

Beerhunt3r, I'm shocked. How could any body suggest that UJO might leak? Just incredible.

I don't see how the name change made things worse Vicjain. My original BOIL holding that I bought before Wick are in a separate account so are easy to follow, they're currently 99.75% down, I don't think that's the change of name it's just a total lack of performance. Still only 39900% and all will be good.

Disaster.

Https://www.linkedin.com/posts/first-class-metals-plc_fcm-ontario-gold-ugcPost-7366054905750495232-g7Gw?utm_source=share&utm_medium=member_android&rcm=ACoAAAikoz0BCjRMjgSN1bPNQpsENxkGgTsjipk

It seems apparent that most of the small cap gold and mineral explorers with Canadian and Australian claims are ticking up, pulled by the rising gold prices. There seems to be an exception to this however. I think the market needs reminding of our existence, there should be good news to come, but news and updates have been very much lacking recently.

What's to guess harel, is whether the above mid-price is actually a buy, and below a sell. Often, as this morning, not. Personally I don't care, but I know others do.

Definitely, I bought just over 100000 late morning at 1.103 and they posted as a sell, but it often happens. It's only a computer guessing after all.

Personally I always, without exception, vote against pre-emptive rights in any share I hold large or small; they're just wrong in my view, freebies for directors too. But then I can be a bit awkward.

The thing is Jungle, before we worry about the drop, we need to find out what caused the rise. My bet is on shorts being closed. Some broker may have just made a fortune if they shorted in the teens.

I see somebody has been having threads taken down. Mustn't criticise the board.

I think you've just touched tangentially on one of the issues here Share guru. Any new significant investors or purchaser is likely to want to remove the whole board, why wouldn't they looking at what has happened. So to get that investment we need our board of turkeys to vote for Christmas. We are not in a good position here.

We must also bear in mind that when the founding director left/was forced out, this was because Marc Sale demanded yes men on the board, when it became apparent that Ayub is in no way a yes man, things rapidly deteriorated beyond recovery. I do not believe that the board in general, and Marc Sale particularly have shareholders interests at heart.

The only possible saviour is that due to the size of his holding James must be aligned to some degree with us, he just needs to get a spine and act accordingly. Thus far he has failed to do this preferring to let things roll, it's not anywhere near good enough.

There is no Managing Director. James is Executive Chairman, he is no 2 before the firing squad. Our CEO, now no longer a director, needs to be in pole position in my view. Sadly, since he is no longer a director, he won't come up for re-election in itself a travesty.

Zedy, whilst I don't disagree with your comment about a new Chairman, a new CEO, is a far higher priority.

We won't continue much further with a Chief Geologist pretending to be a CEO, with a board of yes men who don't have backbone to hold him to account and do what needs to be done, what should have been done over a year ago, and bin him as incompetent. He was employed as CEO not Geologist, and whilst he is highly competent at the latter, he is quite frankly clueless at the job he took. As per his destruction of the share price.

I know this doesn't directly affect FCM right now, but it's far from good, and gives a terrible reflection on the competence of our board.

https://www.placenorthwest.co.uk/seventy-ninth-group-companies-placed-into-administration/

The company was/is desperate for funding, they grabbed the 79th offer because they had run out of alternatives. They arrived at this position through Marc Sales arrogance and ignorance in his role of CEO, and his being supported by James Knowles and most of the rest of the board when they should have been pushing back against follies. The only board member who did try to push back and keep focus on the original company objectives was removed, sorry, "resigned."

We reap the rewards.

AMHO

Just to be pedantic flipper, Cameron has never been a lawyer, his degree is in PPE, excepting a spell in PR he always worked in politics, SPAD etc, before becoming an MP.

I've listened to that section several times SolVista, and as far as I can tell, you're mistaken. At no point did he suggest a raise. Definitely, we are going to spend £4m on trials over the next 6 months or so, but he repeated several times that POLB still has a large pile of IPO cash left. The forthcoming accounts will confirm whether we need to raise for sure. Cathal I think would need to be clear about any raise since he was absolutely adamant at IPO that the reason for raising £25m was so that POLB would never have to raise again, to go back on that undertaking would definitely need a clearer statement and explanation. Yes, I know it's Cathal, but even so.

The Preston New Road site hasn't to be mothballed Heid, it already is, Cuadrilla have until the 8th June 2025 to return the site to farmland, work has just started. That site is well and truly finished.