Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Don't think there was anything in the RNS to scare the new investor, quite the reverse. I'd expect to see them pick up some more on this or any further dip. Their investment strategy as outlined in the prospectus is longer term. DYOR. S
Assuming they are the accumulator on dips, and hold now probably over 70mn shares since that holding data highlighted by Thoth, they are now at about 2%. It will be interesting to see if they intend to go to the 3% notifiable threshold. This could be the next RNS before any company news... S
For those who have been here long enough to remember 2011, I think the reason the company (Tim) are low key is that they are nervous of creating the kind of move we saw in Feb 2011. I believe the next move is a take over of the company's assets. Tim turns 60 on Sunday. I'm sure if he could sell his baby for around 3 or 4p a share in the next 6 months, he would take it. DYOR. S
One important consideration with Sareum's near unique structure (just Tim and John as employees) is their own personal exit strategies from Sareum. Tim turns 60 on August 9th and John is 54 next April. Tim must be seriously considering his retirement strategy. That presumably add weight to an exit which involves Sareum being bought lock stock and barrel to realise him and John hefty pension pots from their share options. DYOR. S
You guys often obsess about trade size codes, like a trade for 1 share being a "Code 1" etc. One trade number has just appeared that is interesting. Assigning A=1, B=2, c=3 etc the trade for 201115 could be 20=T 1=A 11=K 5=E ie TAKE. Or it could be BOAAA5 or B0KAE. Or it could be coincidence! Intriguing. S
I think the RNS was a reactionary one. they are obviously quite surprised by the fall in the share price (and Sierra's). I think the "update" which contains little if anything new was an attempt to make potential sellers think twice. Having spoken to a broker, he senses that the recent sell order isn't yet complete but has just paused. As a holder I would rather see the price rate higher but I think that we are quite likely to be able to buy in the 40s or even the 30s in the next few weeks as that interest is sold out. The only only (realistic) event that would reverse the decline at this point is some income. I suspect as Sareum are only a junior partner in the CHK1 deal and were barely if at all involved in the original negotiations, they are entirely forbidden from giving any more detail on the triggers. So for now I think, if you believe in the compounds, potential and strategy, the only thing to do is sit tight, and perhaps if you have the funds, improve your average in the coming weeks. S
As I've been saying for over a week this supply is distressed directly related to the continuing slump in the sierra share price and yet again SCAP are the offer and hitting the bids. Sierra was down again yesterday - another 7% yesterday - so I'd expect further Sareum selling to cover margin. this could easily take us down to 0.40 before it ceases and recovers. Be prepared. S