Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I am not alone here against these wannabe spread betters who cannot grasp the law in that someone cannot be found guilty of a crime if they have never been charged.
One poster here (Pogue, or something like that) kept banging the drum about Dave was committing fraud under the noses of PFC. He cited that that made the company liable... In an ideal world, yes, but his google search (Because that is clearly what he did to come to that misunderstood synopsis) did not consider that if adequate procedures were in place then no case to answer..
This is why on the 11th we are going to see Dave sentenced..
We are currently 4 years into the SFO investigation and absolutely no charges have been made. Not against the company nor any current employees.
The SFO will only ever prosecute if it is in the public interest to do so and they have a realistic prospect of conviction.
Currently they do not.
Short position have ruined the sp and along with negative press carries on doing so.
When the SFO investigation was announced the sp took a hit, and has taken further hits everytime the SFO is mentioned. Its akin to this being the first time the news has been told.
I am very much looking forward to the sentencing as my hope is this will draw a line in the sand.
It will also provide opportunity for the SFO to announce that their investigation into bribery and fraud has resulted in a conviction and David will do "X" years, and the case has now been concluded.
They get their fall guy and an opportunity to publicly announce end of investigation without them getting anywhere (As was the case last week when they closed their investigations on BAT after 4 years with no charges bought)
They do...
They really do give a ****..
Sami has been and seen dozens of large shareholders, and has been as busy as hell.
All I can say is give them a call.
Jonny will speak to you.
Please don't email them. (They will not respond as they get dozens of mails asking price sensitive info which they will not address to one liners saying why dont the directors buy shares)
Telephone and any nerves or worries you may have will be eased, I assure you.
PFC corporate governance is one of the best not just in the industry but on the whole of the listed markets.
Results being signed off and auditors knowing full well the SFO investigation from 4 years ago mean that PFC are whiter than white... (NOW... lol)
The algos are taking this down and it will reverse as quick as it dropped.
I am not alone here against these wannabe spread betters who cannot grasp the law in that someone cannot be found guilty of a crime if they have never been charged.
One poster here (Pogue, or something like that) kept banging the drum about Dave was committing fraud under the noses of PFC. He cited that that made the company liable... In an ideal world, yes, but his google search (Because that is clearly what he did to come to that misunderstood synopsis) did not consider that if adequate procedures were in place then no case to answer..
This is why on the 11th we are going to see Dave sentenced..
We are currently 4 years into the SFO investigation and absolutely no charges have been made. Not against the company nor any current employees.
The SFO will only ever prosecute if it is in the public interest to do so and they have a realistic prospect of conviction.
Currently they do not.
Short position have ruined the sp and along with negative press carries on doing so.
When the SFO investigation was announced the sp took a hit, and has taken further hits everytime the SFO is mentioned. Its akin to this being the first time the news has been told.
I am very much looking forward to the sentencing as my hope is this will draw a line in the sand.
It will also provide opportunity for the SFO to announce that their investigation into bribery and fraud has resulted in a conviction and David will do "X" years, and the case has now been concluded.
They get their fall guy and an opportunity to publicly announce end of investigation without them getting anywhere (As was the case last week when they closed their investigations on BAT after 4 years with no charges bought)
At least.
£1.74 will only take us to where we were prior to the SFO news which had been released for the third time.
Ahhh, I suspect you are on about me..
Firstly a little about myself.
I am a sensible serious investor who has 256750 shares in PFC.
This past week I have added 150,000
I "stumbled" upon this forum and was amazed and shocked by the sheer amount of misinformation and particularly one poster called ammu.
The repetitive posts were simple to show that any idiot can post and make a nuisance of themselves.
If you are a serious investor in PFC we may very well have met.
OK.
Not sure how many of you call and speak to IR or anyone else at PFC.
I generally call them a couple of times a year just for a "Catch up".
I read someone saying they could have to raise funds to pay any fine... LOL...
Sorry, that isnt going to happen.
But what is on the table is some high power meetings to try and sort this mess out without any liability being accepted.
Sami had only held his position for 2 weeks when the latest SFO announcement hit, and it landed on their desks at 4.30pm on Thursday.
Sami was scheduled to be flying out to UAE that very evening and was going through customs when it landed.
They knew they had to respond and they did so.
Suddenly the agenda for his visit was changed from "Business" to ensure shareholders were onside..
The SFO threw a curveball.
Shareholders are resilient though and this is demonstrated by the fact there have been no reduction in disclosable interest.
The only changes have been in short sold positions, and until this week that was to increase shorts.
As for comments regards doing business with PFC, again to suggest that companies are holding back is to be frank, quite laughable.
Tenders for contracts have grown despite the economic slowdown and secured revenue is just 200 Million below comparative pre-covid times.
Covid has been the factor the world has had to deal with and consider the average oil price for 2020 was just a few cents above $40 per barrel.
As we enter 2021 with vaccines and industry clambering to get going again we currently sit with an average price of oil thus far at above $51 per barrel.
Sami has intimated he is willing and ready to speak to the SFO.
He has even intimated that PFC may be willing to find a way to closure by accepting a fine with no liability.
The SFO will this month succeed in seeing David Lufkin sentenced and off to do some bird.
This alone will draw one line under the situation, and there is expected to be no surprises as it is widely believed that the sentence has been agreed and the hands up to 3 further charges earlier this month were to allow SFO to close those lines of enquiry.
Petrofac in the meantime carry on winning Multi Billion $ contracts and the news this week from Ineos / PFC confirms that their relationships are strong.
The SP was hammered when the SFO investigation broke 4 years ago.
Since then the SP has been hammered again and again on the same news, to suggest its "New news" each time it runs to print.
The SFO average investigation time is 4 years 7 months, so you can see that the investigation thus far has not even reached the average time.
The sum of parts does not reflect the true story, what we are seeing is fear and more fear being peddled and armchair investors accepting this as gospel.
The remit of the SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples co
This is old results silly boy.
One for the filter I think.
OK.
Not sure how many of you call and speak to IR or anyone else at PFC.
I generally call them a couple of times a year just for a "Catch up".
I read someone saying they could have to raise funds to pay any fine... LOL...
Sorry, that isnt going to happen.
But what is on the table is some high power meetings to try and sort this mess out without any liability being accepted.
Sami had only held his position for 2 weeks when the latest SFO announcement hit, and it landed on their desks at 4.30pm on Thursday.
Sami was scheduled to be flying out to UAE that very evening and was going through customs when it landed.
They knew they had to respond and they did so.
Suddenly the agenda for his visit was changed from "Business" to ensure shareholders were onside..
The SFO threw a curveball.
Shareholders are resilient though and this is demonstrated by the fact there have been no reduction in disclosable interest.
The only changes have been in short sold positions, and until this week that was to increase shorts.
As for comments regards doing business with PFC, again to suggest that companies are holding back is to be frank, quite laughable.
Tenders for contracts have grown despite the economic slowdown and secured revenue is just 200 Million below comparative pre-covid times.
Covid has been the factor the world has had to deal with and consider the average oil price for 2020 was just a few cents above $40 per barrel.
As we enter 2021 with vaccines and industry clambering to get going again we currently sit with an average price of oil thus far at above $51 per barrel.
Sami has intimated he is willing and ready to speak to the SFO.
He has even intimated that PFC may be willing to find a way to closure by accepting a fine with no liability.
The SFO will this month succeed in seeing David Lufkin sentenced and off to do some bird.
This alone will draw one line under the situation, and there is expected to be no surprises as it is widely believed that the sentence has been agreed and the hands up to 3 further charges earlier this month were to allow SFO to close those lines of enquiry.
Petrofac in the meantime carry on winning Multi Billion $ contracts and the news this week from Ineos / PFC confirms that their relationships are strong.
The SP was hammered when the SFO investigation broke 4 years ago.
Since then the SP has been hammered again and again on the same news, to suggest its "New news" each time it runs to print.
The SFO average investigation time is 4 years 7 months, so you can see that the investigation thus far has not even reached the average time.
The sum of parts does not reflect the true story, what we are seeing is fear and more fear being peddled and armchair investors accepting this as gospel.
The remit of the SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples co
Very.
I wondered who / what he / it was, and lo and behold I found him to be active here.
He is a very very naughty boy / girl / non gender specific item
OK.
Not sure how many of you call and speak to IR or anyone else at PFC.
I generally call them a couple of times a year just for a "Catch up".
I read someone saying they could have to raise funds to pay any fine... LOL...
Sorry, that isnt going to happen.
But what is on the table is some high power meetings to try and sort this mess out without any liability being accepted.
Sami had only held his position for 2 weeks when the latest SFO announcement hit, and it landed on their desks at 4.30pm on Thursday.
Sami was scheduled to be flying out to UAE that very evening and was going through customs when it landed.
They knew they had to respond and they did so.
Suddenly the agenda for his visit was changed from "Business" to ensure shareholders were onside..
The SFO threw a curveball.
Shareholders are resilient though and this is demonstrated by the fact there have been no reduction in disclosable interest.
The only changes have been in short sold positions, and until this week that was to increase shorts.
As for comments regards doing business with PFC, again to suggest that companies are holding back is to be frank, quite laughable.
Tenders for contracts have grown despite the economic slowdown and secured revenue is just 200 Million below comparative pre-covid times.
Covid has been the factor the world has had to deal with and consider the average oil price for 2020 was just a few cents above $40 per barrel.
As we enter 2021 with vaccines and industry clambering to get going again we currently sit with an average price of oil thus far at above $51 per barrel.
Sami has intimated he is willing and ready to speak to the SFO.
He has even intimated that PFC may be willing to find a way to closure by accepting a fine with no liability.
The SFO will this month succeed in seeing David Lufkin sentenced and off to do some bird.
This alone will draw one line under the situation, and there is expected to be no surprises as it is widely believed that the sentence has been agreed and the hands up to 3 further charges earlier this month were to allow SFO to close those lines of enquiry.
Petrofac in the meantime carry on winning Multi Billion $ contracts and the news this week from Ineos / PFC confirms that their relationships are strong.
The SP was hammered when the SFO investigation broke 4 years ago.
Since then the SP has been hammered again and again on the same news, to suggest its "New news" each time it runs to print.
The SFO average investigation time is 4 years 7 months, so you can see that the investigation thus far has not even reached the average time.
The sum of parts does not reflect the true story, what we are seeing is fear and more fear being peddled and armchair investors accepting this as gospel.
The remit of the SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples co
OK.
Not sure how many of you call and speak to IR or anyone else at PFC.
I generally call them a couple of times a year just for a "Catch up".
I read someone saying they could have to raise funds to pay any fine... LOL...
Sorry, that isnt going to happen.
But what is on the table is some high power meetings to try and sort this mess out without any liability being accepted.
Sami had only held his position for 2 weeks when the latest SFO announcement hit, and it landed on their desks at 4.30pm on Thursday.
Sami was scheduled to be flying out to UAE that very evening and was going through customs when it landed.
They knew they had to respond and they did so.
Suddenly the agenda for his visit was changed from "Business" to ensure shareholders were onside..
The SFO threw a curveball.
Shareholders are resilient though and this is demonstrated by the fact there have been no reduction in disclosable interest.
The only changes have been in short sold positions, and until this week that was to increase shorts.
As for comments regards doing business with PFC, again to suggest that companies are holding back is to be frank, quite laughable.
Tenders for contracts have grown despite the economic slowdown and secured revenue is just 200 Million below comparative pre-covid times.
Covid has been the factor the world has had to deal with and consider the average oil price for 2020 was just a few cents above $40 per barrel.
As we enter 2021 with vaccines and industry clambering to get going again we currently sit with an average price of oil thus far at above $51 per barrel.
Sami has intimated he is willing and ready to speak to the SFO.
He has even intimated that PFC may be willing to find a way to closure by accepting a fine with no liability.
The SFO will this month succeed in seeing David Lufkin sentenced and off to do some bird.
This alone will draw one line under the situation, and there is expected to be no surprises as it is widely believed that the sentence has been agreed and the hands up to 3 further charges earlier this month were to allow SFO to close those lines of enquiry.
Petrofac in the meantime carry on winning Multi Billion $ contracts and the news this week from Ineos / PFC confirms that their relationships are strong.
The SP was hammered when the SFO investigation broke 4 years ago.
Since then the SP has been hammered again and again on the same news, to suggest its "New news" each time it runs to print.
The SFO average investigation time is 4 years 7 months, so you can see that the investigation thus far has not even reached the average time.
The sum of parts does not reflect the true story, what we are seeing is fear and more fear being peddled and armchair investors accepting this as gospel.
The remit of the SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples co
https://www.sfo.gov.uk/2021/01/15/sfo-closes-british-american-tobacco-bat-plc-investigation/
The SFO makes charging decisions on the basis of the test in the Code for Crown Prosecutors. This specifies that the evidence must support a realistic prospect of conviction and that the prosecution must be in the public interest.
The SFO announced its investigation into British American Tobacco in August 2017.
First statement:
In the public interest.
Is it in the public interest to pursue PFC ???
I would wager and say ... "NO"...
Would evidence must support a realistic prospect of conviction ???
I would wager that as they have not charged any employee or the company after 4 years of investigation that the answer would be "No"..
This month will see the sentencing of Dave.
He has put his hands up and accepted liability..
"He has not given anyone else up"..
I suspect that we will see a similar announcement as to the one made regards BAT and the SFO will concentrate instead on a few others they are investigating...
Afren, Airbus, Airline Services, Bombadier, Balli Group, G4S, Glencore, Harlequin, Innospec, Quindell, Rio Tinto, Serco, Tata Steel, Unaoil, and many many many more..
The share price for PFC has been hammered and hammered and hammered again.
Each time for the same reason, not new reasons, or new material which impacts the company, but the same old news.
The opportunistic Press and Shorting mechanisms make it easy to spread fear and create drops.
Stateside we have seen normal people hit back and say with one hell of an impact "Enough is enough is enough".
No longer will the American public accept people making money by the willful destruction of companies, and I sincerely hope to see similar here in the UK.
PFC is one of the largest shorted UK listed stocks.
Hopefully the money will start to pour in.
https://www.sfo.gov.uk/2021/01/15/sfo-closes-british-american-tobacco-bat-plc-investigation/
The SFO makes charging decisions on the basis of the test in the Code for Crown Prosecutors. This specifies that the evidence must support a realistic prospect of conviction and that the prosecution must be in the public interest.
The SFO announced its investigation into British American Tobacco in August 2017.
First statement:
In the public interest.
Is it in the public interest to pursue PFC ???
I would wager and say ... "NO"...
Would evidence must support a realistic prospect of conviction ???
I would wager that as they have not charged any employee or the company after 4 years of investigation that the answer would be "No"..
This month will see the sentencing of Dave.
He has put his hands up and accepted liability..
"He has not given anyone else up"..
I suspect that we will see a similar announcement as to the one made regards BAT and the SFO will concentrate instead on a few others they are investigating...
Afren, Airbus, Airline Services, Bombadier, Balli Group, G4S, Glencore, Harlequin, Innospec, Quindell, Rio Tinto, Serco, Tata Steel, Unaoil, and many many many more..
The share price for PFC has been hammered and hammered and hammered again.
Each time for the same reason, not new reasons, or new material which impacts the company, but the same old news.
The opportunistic Press and Shorting mechanisms make it easy to spread fear and create drops.
Stateside we have seen normal people hit back and say with one hell of an impact "Enough is enough is enough".
No longer will the American public accept people making money by the willful destruction of companies, and I sincerely hope to see similar here in the UK.
PFC is one of the largest shorted UK listed stocks.
Hopefully the money will start to pour in.
Ammu122 Feb '21 - 10:32 - 16061 of 16062
0 0 0
Something doesn’t feel right
Please explain?
Are we talking Rune Stones?
What is it that deosnt feel right?
Is this a "Special" feeling you have to determine your stock trades?
Can it be bottled and sold?
If however you are suggesting the fact the sp has dipped slightly then that will be based in the main on BP results.
However the rising Oil price should counter that and ensure that PFC benefits.
So, why are we not rocketing... Simple... There are not a mass of buyers.
Thats easy to complain about and dress up as "Something doesnt feel right"
But how many here are buying more?
I will log onto my portal and kick it off with another 19500 shares. (Odd amount so it rounds it up to 150,000 added past week)