Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Rob Kianz is one of the more knowledgeable American broadcasters; has a solid financial background including cyber security in the financial world. He did say -4% for the Repo mkt; that was the thrust of his podcast. Not so sure about his trip to Virginia where he was talking about increased security matters !!! Perhaps they are expecting trouble with the Trump mob.
Z .. outlook: I am surprised to see you are still here after your recent post stating: "Looking at the charts I can see we will reach 80p by early next week hopefully into the new year we should see it trading above a £1" . I can only assume that the charts you use are more to do with astronomy rather than finance.
PW: I am hoping we will see £2 by the end of Q1 and more like £4 towards year end especially if PG gets up to around $2400. I just hope we see steady progress over time and that it is not taken over. This is a quality company mining quality gold in a quality area.
Z : Check out LRTNF. "What does an F share mean for US investors?
When a US investor researches and trades a non-US security, it is frequently through the F share ticker as US brokerage accounts often only display US ticker symbols.
From the perspective of an investor, trading an F share is similar to trading a US security. US investors can trade in US dollars during US trading hours through the retail, online or institutional broker-dealer of their choice.
Yesterday there were some 800,000+ shares traded under LRTNF.
Zah.. please let us know how you know that institutions are buying.
In the present climate with gold supplies getting ever shorter a takeover by one of the big boys is always a possibility. It would not be ideal as we small investors would miss out on the long term gains as the mine size and POG increases.
I had hoped that yesterday's sell off was overdone and that we would see a small rise today. With more buys than sells both yesterday and today (if we believe LSE figures) I am concerned at today's price drop. I guess there is possibly more to this story than has been told !
I find it interesting that it is the co-founder of the company , Dr Christian Schweiger who has offered 1 million to help finances next year. One can not help but wonder if he and the other co founder Carl Sterritt ex CEO had a bust up back in April !! For the CEO to resign from his own company that was growing very nicely suggests something was not right !! Hindsight is such a wonderful thing but I feel we were mislead and now I just do not have the same amount of faith in the Company. I am always weary of companies taking on large amounts of debt with very little actual free cash flow. Who knows what might be round the corner if there is another financial/bank crisis or we end up with soaring inflation in a few years time !! Good luck to all.
It is interesting that there were several million sales on 25 Nov (one sale alone was for 1 million shares, yet there was little change in the price on 25th. On 26th Nov we got the Proactive publicity saying all was well; my ass !!! Today with the bad news being released there have been 725,000 sales and about as many buys and now we have a price crash !!! I know LSE numbers are never 100% reliable but the sell off on 25th can now be explained; I smell a rat !!!
Not sure what previous remarks refer to but my understanding is that the RNS is confirming the fact that the previous CEO Carl Sterritt has reduced his holding quite significantly !
Stockable: " Full production is due, as a previous poster has pointed out, to commence in late Q1 2021." Not sure what you are implying here ! Production should start in a few weeks before year end. The scope for this mine is still unknown so nobody knows when or what FULL production will be achieved. The company is making a loss because it is building a mine and as yet has nothing to sell. When PUR is actually making a profit the share price will be well beyond today's price by my reckoning.
Plumbs; thanks for sharing a very reassuring briefing.
Zeratul; unable to view video as it says "private video".
With the drop in POG we are now being given what might be a last chance to top up before gold pour in a few weeks time and a possible rerating. I can not believe some folks are selling this quality stock at this stage; inexperience or panic I guess !
Justin, there is every chance that what you are suggesting is happening. I have been in here for a long time and to see it drop 5% with less than half the normal vol and no bad news does suggest manipulation. What I do know for sure is that there is not a great number of shares floating around and at times it is v difficult to buy. When the news comes I think it will be almost impossible to buy so if you believe in the Company I would hang in there for the ride. With so many companies involved in Covid research it is no wonder the American deal has been has been delayed.ATB
Most gold stocks up 5 - 12 % today MTL going nowhere and there is a good reason, I will not bore you with that again. I am happy to accept a small loss and move on. I have put the money into a top-up with PUR which is now up another 5% and it is not even a producer however it is a good company, in a great location, well managed with BAGS of potential as it is due to start producing later this year early next year. Roy if you read this I wish you luck with your holding, you seem like a decent bloke and deserve some luck after holding this so long. ATB
Greatland mkt cap £832 million ??? Non producer and a long way from gold pour; I would keep my money in MTL even if it is high risk because of the high debt.
I have no doubt that the price of gold should be much higher as time rolls on and I accept a few of the sensible comments below. However, let us consider a Biden whitewash next week which, according to some intelligent writers, is a possibility ! If you are unaware of what his plans are for the PM miners I suggest you check it out as that could be the first of many BIG problems for MTL. Regardless of who wins next week POG should head north as SHOULD the miners but if you are a longer term investor I suggest you Google " Ryan Giannotto" and listen to the warning that he put out on a Kitco interview yesterday. I am not a deramper, I am just trying to educate a few of the clowns on this BB and possibly save them from going under.
Anyone who is not at all concerned with the debt is a FOOL ! How long will POG stay above $2000 just look at the previous cycles. How long will interest rates stay so low and what if production is halted for any lengthy period ? The previous 2 comments were out of order, totally unnecessary and show a degree of ignorance and immaturity. I bought into this Company yesterday with money I can afford to lose, that is not investing it is pure speculation. Good luck to those who do know something about debt and the ability to repay it; I quote from another source ; "MTL's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Cracking update with actual results to 31 December 2020; attention to detail !!!!!!!
Dutchtrader; I suggest you read a few more RNS and you will learn about the outcome of the fire. Are you surprised that the share price is down; I suggest you check what has happened to the price of gold over the same period ! However, if you compare it with a collection of small gold miners (GDXJ for example) you might get quite a surprise. Happy reading.
Ian09; The price of gold (TPOG) is up nearly 50% since 2016; that alone is a significant change. Depending on what you read or who you listen to there could also be a significant increase in TPOG over the next year or so !No doubt this company is still a high risk because of the debt burden it carries but if TPOG stays around present levels or higher the company should survive.