Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Shows these companies are ripe for takeovers. Imo MA will probably be eyeing up some options and we know he had done deals with Shein before. Will not surprise me in the slightest if he makes a bid, carves assets into those he keeps and those he offloads to the likes of Shein. What price will be attractive? North of 60p I imagine. Not great for longer term holders though and the K clan will have something to say about it all....but if not MA,another may swoop in. Vulnerable to shenanigans are Boo. Imo
I have added some at 62. Will keep adding if it drops but i expect this to reverse back to 70+. No real reason for the drop apart from general interest rate gloom which is bizarre given it is only a matter of time before central banks pivot.
This step wise rise with small pull back periodically is similar pattern to when Wace exited. I will not be surprised to see a reduction in short position in 2-3 days time. The delay works in their favour. Everything the city does is rigged to favour the insiders, but such is the game and we know the rules. Momentum is up so go with it i will!
Surely something afoot with the CFO departure suddenly.
Usually causes a restructure and perhaps the city feel the firm will now turn round the business back into a growth focus. Or a PE sniffing? Let's hope this continues. Atb
Clickit,
Schroders decided to sell down their holding and my take is shorters got to know somehow sooner than most. How i don't know and this is only my opinion. The shorters figured this dump of shares would collapse the share price and decided to take advantage. If there is any matey stuff happening, my sense is this is where privileged information is helping. Again just my opinion.
Shorters know that PI's will sell too as panic will set in. Easy money for them. When they need to buy back - they also know PI's who bought on the way down will sell for 10% profit etc. Its easy money for the shorters. The key is the early information and why the 'city' seems to always be ahead of the curve and the 'house' wins. We Pi's just win or lose the scraps. ATB and IMO of course.
As I was saying...
Michael Saunders, a former member of the Bank of England’s Monetary Policy Committee, says inflation rates fell “really sharply” in previous months, so even with the slight uptick in the latest figures "the big picture is that inflation is falling more sharply overall than what the Bank of England expected a few months ago.”
The slight rise after a bigger than expected fall last time is surely what is well known as a correction! Bit over the top all this doom and gloom chatter. It is 4% vs 10% when there was good reason to be gloomy! Let's all relax a tad. I blame dry January for much of this misery!
Panorama was (the operative word is was) an excellent investigative journalism programme. Those days have passed. Now they just play at the level of the programme 'rogue traders' IMO.
If they were serious, they would try and investigate Shein.
Is it not possible that given the size of Schroder's holding - the city calculated them offloading all their shares would cause a significant drop in SP? Have the shorts not just ridden this down knowing full well that the free float was going to be circa 15% if the issued shares so they can always buy back most once Schroder's have completed selling?
There may be nothing more complicated than this IMO. If the is the case - we should see a return in a couple of months to 60+ once the selling is complete and buybacks start. For those long like me, it has been a fabulous opportunity to pick up cheap shares. Let's hope my hunch is right!
Have been accumulating steadily. Added more today. Lets see where we go but i am fairly secure in my decision. If the worst happens and there is an RI - so be it. I will buy all my allocation. Don't feel there will be an RI. Asset sale is probably ongoing and should be sufficient. ATB
Get real. Never going to happen. You really think Jim from your local is going to sue over a garment he bought for a fiver! Nuts