Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
This is sinking quicker than the Titanic.
Get out while you can (like I did about 8 months ago with only an £80 loss).
This ship is going down and you've been warned.
PFCvetran, £3 is a good, achievable medium term target. I was lucky to be able make a LOT of money from PFC following the SFO announcement. I bought my 1st ever lot at 360p after the plummet following the SFO announcement. Over the next 3 years I traded in and out and made approx £35k on PFC alone. Some of my trades went against me after buying but eventually turned profitable. I'll never forget at one point I'd put £200k into it through a series of averaging down and was £34k down when it dropped from approx 560p to 409p. They were very dark days for me. I'd lie in bed thinking miserably what £34k could buy me!
Eventually though, it recovered and I ended up selling the lot with an £8k profit. Not a huge amount considering how underwater I'd been but reasonable compensation for the months of gloom.
I'm currently holding just 2500 bought at 111.6p earlier this year. Target exit price is between 250 - 300p but may reasses if PFC reintroduce the Divi.
Petrofac is a better trading share than Wood as PFC = no stamp duty. With WG you pay duty.
In the not to distant future, couldn't Gazprom swallow up Petrofac?
Now there's a thought..............
Market seems to be asleep at the wheel here. Madness!
Just watch the yanks buy this up this afternoon!
Don't be surprised to see s bidder emerge here now. The pound is weak, oil prices rising, SFO uncertainty gone, company is much leaner, green portfolio etc etc etc.
I can almost hear the slide rule running over PFC right about now.
She's now free to soar after 4 long years in captivity. A couple of years ago they were predicting a fine of $1bn.
PFC has become a long term hold now. Next up - Adnoc bidding back on - then divi reintroduced - then more contracts won.
Enjoy the ride back up to where she belongs.
Time to wade in and fill your boots!
Absolute no-brainer now.
Bransonbull****
One of those who always sells right at the top and buys right at the bottom lmao.
Almighty tree shake going on right now. Hold your nerve!
Indeed, don't let the market makers rob you and the shorters mug you off today.
They will test your resolve but stand firm and refuse to buckle.
This share may have short term ups and downs but the trajectory is now upwards.
Fill your boots under £2
"If your right esecallum why is the share price 174 now? I believe it will drop back a little but what has changed over the weekend?"
.........very subtle de-ramping. Cute.
The shorters have had their fun with this share. Now it's time for the longs to have their days in the sun.
Enjoy the ride tomorrow and don't be daft by selling under £2.
Petrofac is back in business!
Surprised at Darren duffer going short here. Big mistake imo.
I suspect lot's of shorters dreading Monday.
Into the green bin you go.
Getting on my t*ts.
Esecallum, if what you say is true, then take RealitBites trade offer.
No? Thought not (rolls eyes)
Paddy, I agree. However, any pullback will be quickly bought up.
This is now moving from being a traders plaything to a serious investment stock once again (that will pay dividends again within 18 mths). Investment funds will be taking notice again, particularly once PFC gets it's rightful place back in the FTSE250.
I'm glad I've got this Chris dude in my green bin and don't have to read the dross.
The way the RNS reads to me is the fine will be sub £100m.
Petrofac can shoulder that and emerge stronger than ever.
I'm just thankful I'm not short because, barring the short term ups and downs, PFC is now on the road to recovery.
This company is resilient! Look at what it's had thrown at it over the last 4 years - SFO, Covid, $30 oil, loss of bidding rights on contracts, terrible press etc etc etc and she's still fighting away.
Remarkable company! Roll on Monday and a new dawn for Petrofac.