Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Mark@1973, I am sure if you a few £100k available to invest you may well have been in the millionare share owners club. I hope this make everyone happy including JB and JC. Hopefully JB will get a positive result on not accepting 21p. He is probably going to be down £18million if he exits at an average of say 12p a share. Fingers crossed he has some way got something up his sleeve to get his money back and more. £1 a share by Christmas would be good lol. I would happily accept a rise to 30p and allow themnext year to rebuild to a £1 along with a 7p dividend and just keep my free shares.
Tomokyuch, remember some sells go through buys and visa versa. Also lots of day trading so alot of the same shares are bought twice in the same day.
Buys 11 times the sells. We always knew today would be a buying day but how high will it go?
I am glad I did my final top up at 8.2p yesterday. I definitely think this is the last day of single digit pricing. 10p+ close from now on. I hope its a slow and steady rise to keep everyone on board rather than big jumps. 5% a day for the remainder of August would be nice lol. That would give us 40p end of August which ain't too shabby. GLA.
Topped up for the last time today unless this unexpectedly retraces below 6p.That would be outstanding to say the least. I expect tomorrow may well be last chance to buy in single dugi price.
Would be great if we saw GC buying more on a RNS today. I still think he will add more before the weekend.
Tomakyuch, scenario a tanker of oil with a bomb on board with a timer. This is Amigo at present due to BOD. Guy who owns tanker knows about the bomb but has no way of getting onboard to try to disarm it. He starts selling his shares in the tanker before it blows up and is worthless with excessive clean up costs. GC the bomb disposal engineer then comes in as the captain of the tanker and he knows how to disarm the bomb but its not a quick process it is going to take time. GC starts buying up shares in the tanker because he knows he can disarm it and get a fantastic return on his shares purchase. Previous owner happy to then start buying shares back up at a higher price as he feels the tanker is now in safe hands. Even if his share in tanker has reduced from say 60% down to 10-15% he can start making some money again. That is why in my opinion JB would be prepared to pay more to get some of his shares back.
The message is clear from JB, he is selling down to zero then may look to reinvest. Once he is down to 10% he may or may not request a vote dependant on the work that GC has done in the meantime regarding specific board members and direction company is going in etc. He may not return if he reaches zero. He will be happy to be involved if GC wants him to be. If for instance Richmond Group are permitted the right to vote based on shareholding in the same way others are then he would likely reinvest. Remember he is worth a few hundred million anyway. Money is not his motivation. If there is a fundamental change ie the right to vote he will stick around in one way or another. I think he could reinvest as stated by buying bonds up or helping to refinance Amigo with say £100million for perhaps 250 million shares giving him around 35% of the company. That would value our shares at 40p. He wants a say in the running of the company for him to be invested in it.
Nurse Steve. You do realise you have indicated 475million is 1%. It is 4.75million that is sold through daily by Richmond Group. Total company only has 475million.
This is the Tag team working in unison for the Greater good of shareholders and themselves, win, win, win.
JB latest tweet,
Glen is buying, not selling in the next 30 days. He won’t be unhappy if the price continues to fall. Quite the opposite.
The lower the price drops, the more he will want to invest. The more he invests, the more aligned he will be. The more aligned he is, the better the result.
Senator, I doubt he wil be selling any shares after Wednesday next week. In the meantime this will be hitting double digits from tomorrow onwards.
JB tweet last night. Officially I believe Roger is still head of Nominations Committee.
It’s hard to gauge to what degree the old board have relinquished control at this point. Balance of power will definitely shift on 1st August though.
I could not agree more.
Here's Hopin, you should be fine with your two remaining kidneys lol. How did it feel to have so many before. :o)
Senator, are you going to buy now or still see it as too higher risk.
He bought those shares on Friday so it would not surprise me if there is a daily RNS for Glen picking up shares going forward. He will have atleast 10.1% by Monday is my guess.
Kozz, you may find Glen builds upto 10% before Monday so he is in proper control and able to make a real difference from day one. That way JB can also stop selling sooner.
It can go belly up or it could be revitalised if JR is sought and won. JR could take 12 months to resolve but I would assume in the that time the business will have moved on massively and could have opened up new lending markets both here and internationally. It would not surprise me if JB revisits this company in 6 months time and offers say £150-£200million financial support for a 51% over all holding. That is pure guess work. That is how I see him supporting in the longer term. He wants his baby back in safe hands. This can be high profit Hugh turnover again very quickly and he knows it. He would likely get all his money back in 2-3 years. Your thoughts??
Just think about this. Glen is coming back. He owns nearly 5% of the shares in the company. He will be doing his utmost to ensure this company survives or to get value for shareholders in any potential takeover or cash out. He knows his stuff. Would you bet against him or for him? I am betting for him and JB to turn this sorry state of affairs around. DYOR. GLA. Remember every share is a gamble so only bet what you are prepared to lose.
No guarantee this will get JR.
No guarantee it won't go bust.
No gaurantee this will get to 20p etc.
Facts Glen Crawford is returning and holds nearly 5%.
James B could have sold at 21p a share and didn't.
There will be a definite need for Amigos lending model post covid.
If JR gets the boards vote this time then the share price will fly.
One word of caution is only put in to this what you can afford to lose.
There are no guarantees but I am in it because I feel the potential positives out weigh the potential negatives.