Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Nordell, ofcourse, but as I said yesterday, If we have another few days of green. You’re going to need a massive pullback to be buying in at a better price. If you think the share is still undervalued, I’d buy now rather than watching the SP like a hawk and wait for people to sell. Sticky hands may not be happy to slice until 50p. Stickier hands may consider £1.50/£2 fair value, in which case the opportunity to get a serious dip becomes a challenge. Each to their own though mate
Much easier to buy and hold.
Timing the market isn’t easy, or we’d all be very rich!
RSI and TA can tell you a share is on fire, but what does it really do when you have people waking up to a multi billion dollar company valued at about 1/20th of the resource they have discovered and proven. This is for one arm of their business and doesn’t reflect the transitional energy element.
Sometimes it’s easier to commit and just wait rather than trying to shave off a few percent here and there.
Not a deramp, but a deramp.
We may ofcourse have a few more green days (as this re-rate is now driven by solid news of greater than expected results and the market realising the resource at Anchois was nowhere near valued correctly) and remains hugely undervalued. Others have wanted a pullback Wednesday/Thursday/Friday and it didn’t come.
If we do have a few more green days and a red day later in the week, you’re effectively paying more to re-enter a position. You say you believe in the company but you want to scalp 2p… I know what I’d rather do and with considerably less stress. Each to their own though!
I’m not sure which part of APs latest RNS suggests a fundraise is coming
“ Our ambition is to bring the Anchois gas development online quickly, to fuel Morocco's economic growth, but also to deliver near-term cash flows to our shareholders. We will continue to work on an accelerated field development plan, for the benefit of all stakeholders."
I don’t think fundraising again (already raised 6 months ago) is delivering cash flow to share holders. AP is not going to dilute shareholders unless it’s necessary IMO - more likely to do a share buy-back when they have chosen which funding partner to use.
You didn’t sell Friday afternoon by any chance did you!?
Not sure if this interview has been posted from a few days ago :
https://m.youtube.com/watch?v=CLzahAcs7hU
A nice bedtime watch for shareholders who can’t wait for Monday morning
Viable, it’s interesting that the Anchois project is largely driving the share re-rate. But the other pillar could also be a sleeping giant. We will have news on that front in due course I’m sure and is also hugely value accretive to shareholders and the good people of the jurisdiction in which it will serve
Spot on TLM! You’ve summed it up perfectly mate.
Biden has spoken this evening (like him or not) he’s the president of a powerful rich country!
‘The United States depends on unreliable foreign sources for many of the strategic and critical materials necessary for the clean energy transition — such as lithium, nickel, cobalt, graphite, and manganese for large-capacity batteries. Demand for such materials is projected to increase exponentially as the world transitions to a clean energy economy.‘
https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/31/memorandum-on-presidential-determination-pursuant-to-section-303-of-the-defense-production-act-of-1950-as-amended/
I still feel this news is very relevant to holders and the company assets. We know we have large mines of expensive stuff, but there it is in black and white from Sleepy Joe.
Nickel - Tick
Cobalt - Tick
Valued at basically nothing as it stands. Wake up market!
Thanks for the replies all. I just feel like a buyout offer is quite possible given what we have confirmed we have found and the next 150m pay vs our small MCAP… it’s huge news and the market here didn’t quite catch on. It looks like we have strong buying over the pond as others have suggested.
Jimmy, penny for your thoughts on the possibility of a buyout and would you be happy with this if £1 were offered?
Anyone think CHAR might still be primed as a takeout target for a bigger fish? Clearly we have proven up over a billion dollars worth of gas, of which is in short supply due to the Russian conflict. On that basis, if we did get sold, would we get compensated for this? Or could a buyout offer SP + abit? Anyone?
@ Malik… exactly this! AIM tends to get attention when the share price springs 25% in a day and then people FOMO in. If fundementals were driving the SP, 5p here would be dirt cheap.
Hold and accumulate and then enjoy the news flow this year and the ride up. We are in exactly the right business model for everything that is important to the world this decade. It won’t be cheap forever.
@ Metalhead agree pal!
Nothing in that update to cause concern whatsoever! Basically hold this for the year and we’ll hopefully have a completely transformer company with multiple deals over the line.
I like that he said the expected finance of the peakers and ‘other projects’ - it sounds to me like there’s more news to come that they haven’t/can’t announce yet. They will have a very comprehensive business model with the renewables/metal mining space.
Don’t forget, the bill announced by Biden (expected this evening) also affects Corcel (albeit further down the pyramid) regarding the Earth metal shortage/supply constraints. Nickel and Cobalt on the list…. If only we were in this space with large hoards of the stuff. Oh wait….
https://audioboom.com/posts/8055242-no-159-the-nickel-short-a-sign-of-whats-to-come
Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage is pleased to announce that the Deputy Chief Mining Warden has attended the Warden's Hearing for the Company's Wowo Gap nickel-cobalt project in Papua New Guinea and at the meeting expressed support in relation to the project.
The Warden's Hearing is an important milestone in the license renewal process as it covers both the two past years of the EL1165 exploration license as well as the current two-year exploration period. The Warden's Hearing is considered a broad analogue to local community planning approval in the UK.
This support will now be added to technical assessment reports covering the Company's lease applications and will be submitted to the Mining Advisory Council ("MAC"). The MAC will then consider the application and make recommendations to the Mining Minister regarding formal exploration license renewal.
The Company will provide further updates on the renewal process in due course.
Corcel is currently progressing renewal of the existing exploration licences in parallel to ongoing JORC upgrade and Gap Analysis work in preparation for a bankable feasibility study and ultimately a mining lease over the project.
@ Rocklawn, it’s probably jimstevens or one of the others trying his/her very best to keep the last trade at 1.4p - selling off his £10 worth every few hours on T212. The market is waiting to hear from the BOD and if good news, we’ll start seeing big money landing here.
@ Confounded, morning!
this is what I was saying not long ago…. You have plenty of companies with deep pockets wanting to secure supply. China, America, Canada, Middle East. If we are being marketed for Farm out, this doesn’t rule out a company buying the project off Corcel for many multiples of our current MCAP. It would actually enable the company to do other things and still have Mambare as their ongoing nickel play….