Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
They reduced the loss to 91 million from 2021 167.6 million, they are not expected to make profit before 2027 and way they are managing and increasing revenue reducing loss that should give confidence going forward.
Good timing any bad news now would have been chaos, at least given us confidence now although the market is strange at the moment.
Yes it is a good result a growth business growing and they have flawless balance sheet to keep them going to break even by 2026.
What do we make of the results, on one hand revenue rises and on the other hand it made loss.
This is what they said,
"Whilst we expect customers to remain committed to their development projects overall, evidenced by no cancellations, the group's performance is now likely to have a heavier than usual weighting to the second half of 2023."
Spirent said it continued to win important strategic deals and built its orderbook by 7% last year. It expects to deliver an adjusted operating profit slightly ahead of market consensus.
Maybe good entry point just my personal view
Market reacted reasonably well
Yet they take battering, hard to understand the market
https://www.londonstockexchange.com/news-article/EZJ/directorate-change/15783081
Sue Clark is currently Senior Independent Director at Imperial Brands PLC and a Non-Executive Director of Mondi plc and Britvic plc
We need China opening up as they will learn to live with it that will get there economy going, supply will improve around the globe which is better for all sectors. also when Warren Buffet sold airlines shares it was almost two years ago but he had airlines sector was doing good so now might be the case of the sector being good again, EJZ is special budget airline and obviously time will tell.