Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
The Company is aware that MBU Capital Group Limited ("MBU"), the Company's largest shareholder owning 53.7 per cent. of the voting rights in the Company, is in advanced discussions to sell a significant portion of its shareholding at a price of 18 pence per share to an international commodity trading business which is expected to result in the purchaser becoming interested in 29.9 per cent. of the current issued share capital of the Company.
Let me get this straight...
-> Convert debt owed by the BEN to shares (MBU own)
-> MBU then own more shares on which a dividend will be paid
-> Dividend payment re-rates SP
-> Company has more cash available as they have less debt repayments - so can pay dividend
It's all lining up nicely as i see it... ;-)
Copy & pasted from the ARCM bb...
https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/
Price of copper only going one way, and JLP is only going to benefit.
ATB Shorn
@splatted.
some where in the lower end of the speculation curve...
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
@Senta
I agree with your point, and just using very crude maths…
Can BC afford dividends ?
1m tons production (1 year say March 22-23) of Met coal @ say $250 / ton => $250,000,000.
Assuming EBITDA of 20% (I can’t imagine Mr Iqbal MBU being invested at any less) => $50,000,000 or c£40,000,000
Remember Mr Iqbal was banging on about recent improvements, and efficiencies improving the bottom line (EBITDA).
Total shares 375m at 10p dividend a share => £37,500,000 so affordable at the low EBITDA assumption.
What could the SP value be when “referencing” dividends ?
If you bought £10,000 of shares 24-48 hours ago at say 25p => 40,000 shares.
10p dividend per share => £4,000 an ROI of 40%...
Assuming investors move in after WH Irelands January 23 brokers note, and March 23 accounts being released.
10% would seem to be a realistic ROI on AIM propelling a SP of 25p x 4 to c£1.
If not then an ROI of 40% is also a great place to be.
A win win in my book – March 2023-24 is going to be really interesting.
I’m in with 600,000 shares at a running 40p average.
Obviously, all crude maths, and my own opinion DYOR.
Murat Erden (new CFO) - purchases 425,000 shares for c£147,000 (market rate).
The new guy totally believes in BEN, this guy with his credentials and history isn't going to waste his time or money.
A really good confirmation for me and the market !
ATB Shorn
Highlights
- Cobalt refining circuit at the Sable Refinery entered the commissioning phase during June 2022 in line with original timing expectations, with first trial cobalt product produced per the expected commissioning and ramp up schedule:
o Commercial production is targeted to commence during August 2022
o The cobalt refining circuit at Sable is able to produce up to 1 200 tonnes of cobalt a year depending on the feed grade
- Commissioning and ramp up is progressing at the Project Roan concentrator reaching 65% of designed capacity with first filtered copper concentrate produced for refining at Sable as part of commissioning and ramp-up activities:
o Ramp-up of the concentrator is expected to reach design capacities by the end of July 2022
o At capacity, targets the processing of 830 tonnes of copper in concentrate per month for refining at Sable
o Part of overall Southern Refining Strategy to reach 12 000 tonnes per annum of copper production capacity
o Significant employment opportunities created, and local suppliers prioritised, to create a locally sustainable support infrastructure
Leon Coetzer, CEO, commented: "Reaching these significant milestones announced today put us in great stead for the financial year ahead, and beyond. It is testament to all the hard work by the Jubilee team that over the past 12 months have delivered on a bold implementation plan across both the PGM and chrome operations in South Africa and the copper and cobalt operations in Zambia.