Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
S2020, would you mind asking about BDMS, last September we where told Seeing where in advanced discussions with a number of companies, concerning BDMS, are these still ongoing.
Thanks for all the good work, and Cenkos update, really appreciate it.
Last September we where told Seeing had signed an BDSM contract and where in Advanced negotiations with others, not sure if advanced was the right word to use.
This time last year a 23m contract would have put 20% onto the SP, but not now, I think the reason is the Institutions still haven’t forgiven us for the 3p fund raise and Paul knows it, thats why he’s talking about monetising the IP, to make sure there will be no more Fund raising. The Cat type deal he talks about has to be Fleet, it’s the only part of the business that can generate the kind of money that would make the City sit up and take notice, Bosch for instance could turn Fleet into a more successful company than we ever could, ( as far as I’m aware we don’t have any distributors in China, North America, Canada or mainland Europe , there really is a huge market out there ) that would then leave us free to concentrate on the golden goose which is Auto.
Ken told us we would reach break even in 2022, with all these OEM contracts coming in, it looks like we’re going to skip break even and go straight to profit.
After listening to TW interview, I also feel a lot more confident about the future, with SOH suggesting revenues in the second half of £800k + that would bring us in around a £1m turnover for the year, which would be a doubling of the previous year, which isn’t bad.
I hope he now does a Proactive interview, not everyone has access to TW and Elrico.
Like everyone else, I think this Mix news is excellent, I just hope this V3 deal is not exclusive,, I’m greedy , If this catches on with more Telematic firms, then this is what could bring breakeven closer.
Just looking at yesterday’s trades, there where four 2m trades, LTG have them as 2 buys 2 sells, I’m of the opinion they where all buys, because I don’t think the MM would have taken the 8m sell unless the new they could pass that stock on, I don’t know why the MMs can’t tell us if a trade was a buy or a sell instead of leaving us to work it out ourselves.
Baxter,
I’m quite sure everyone is worried about the SP, but most of us don’t see the point in moaning about it, I personally need something to hang onto, for instance ,
1. We have £30m in the bank so we have until the end of next year to get it right.
2. This company has value, we have quite a number of Fleet contracts, we have Caterpillar , we have 6 or 7 OEM contracts we have Data, plus I read recently, I think it was Apple, bought a loss making company just to get the engineers, all of that must be worth 6 or 7p a share at the very least.
.
Just 3 months ago, the II invested £27m in SM, surely they must have done due diligence before investing that sum of money, I find it hard to believe, along with Lombard, they have all got it wrong.
Now that Paul is the CEO, I would like to him put out a statement of his vision of the future of SM, for instance , how many RFQ are still live, the funding issue, does he still expect to break even 2022, Aviation, also will someone visit the Fund managers and convince them See still has a future, and I know I’m pushing my luck, but some director share buying would be a good start.
I don’t think the amount of shares in issue really matters, the fact is, bad news will send the SP down, good news and it will rise, the fund raise at 3p was shocking, and had the same effect as a profit warning, but it gradually moved up to 3.60/3.70 and then we had the double whammy of losing our CEO, and Chairman, and since then it has drifted lower, as we all know the market doesn’t like uncertainty, so what we badly need is a CEO, someone who will impress the Institutions, someone who can get this company back to were it was this time last year, that’s the RNS I’m hoping for.
My target is the August 2021 year end figures, all though we won’t have reached break even, I expect Auto to finally start bringing in some decent money, also Fleet installations should be treble what they are today, throw in a dash on BDMS and a sprinkling of Aviation and I’ll be very surprised if the SP isn’t back into double figures.
Just my opinion.
Ken told us about these quotations in January, I think it was quite reasonable to expect a reply within 6 months, also I would imagine they may have an expiry date on them, surely they can’t sit on someone’s desk indefinitely.
I remember we used to talk of low ball bids of 25p / 30p, well Lombard seem to be buying us for 3p+, I wonder how long it will take before anyone notices, they are now over 12%
I remember we used to talk of low ball bids of 25p / 30p, well Lombard seem to be buying us for 3p+, I wonder how long it will take before anyone notices, they are now over 12%
If Only Ken had taken that 17p that was on the table last year, he could have ridden off into the sunlight with his head held high, and all of us not far behind, cheering him on as the best CEO ever..........if only.........
What happened to the large sell from 8.42 this morning, it seems to have disappeared.
The good news is, the seller/sellers must run out of shares eventually, also the mm wouldnt be taking on this amount of stock unless he had a buyer for them, maybe Bosch who knows.
A nice couple of buys to start the day, then up pops the £30k man, that’s about £300k worth over the last few days, I’ll be glad to see the back of him.
I’m with H/L, we have until 12 noon on Thursday 11th to decide, I think you can apply direct to See until the 17th, I assume everyone is the same.
As long as the SP stays above 3p I will top up yet again, once we have our £27m in the bank, plus at least 2 new decent OEM contracts, I would expect the SP to run up to around 5p by end of June, without to much difficulty.
I hope.