Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Alfa, yes I appreciate that, but, unfortunately, that is the way that the market is allowed to work, so that is what we are faced with and must work with. Arguably, for long term holders, it creates an opportunity to add to their holding at good prices, for those who have the available finance.
The market gives an overall view of the value of a company. While many on this board disagree with the market valuation, it is a combination of the risks, possible profit and competence of the management. As these factors change, so the SP will change, so when the V price increases (as it is starting to do) when Mokopane licence is obtained, when investors in general realise that FM is a good manager, etc etc, ie. as the risks are managed and fall away, the SP will increase, simple.
That many here are frustrated because ‘The Market’ takes a different view to us is understandable. However just restating the obvious risks which are the issues keeping the SP much below the actual value of the company is a bit pointless, unless there is an agenda to keep the price depressed for some reason? Perhaps KN is right and instead of posting here we should be getting our message out to the wider
Modsto - but they have so much cash floating about from their LNG that one or two failures are to be expected. Their property portfolio in London is huge and very profitable.
It is good to see them investing in Sirius, and I am sure they have an interest not only in backing successful businesses but also in how the Poly4 could benefit them directly in producing food for themselves. It can only be good for the SP!
LL one persons terrorists are another’s freedom fighters - the Americans and the rest of the World have a vested interest in keeping the Shia and Sunni fighting each other - much as our Foreign Office have kept European countries fighting one another for centuries, to Britain’s benefit.
As far as I can see Vanadium price has carried on its downward trajectory, a couple of percent lower today. I suspect the BoD just got sick of the vertically challenged among us (love that description) - maybe their bonuses are dependent on share price? The RNS was neatly timed just before some more news due soon.
According to ii the latest response date is 23:59 on 15th May
I have notification from ii that they are getting shares today and will be in my account by COB today, for what it’s worth
The TBM has already dug 100m since last week. The shafts will take a year to complete and are already under construction. That Leaves a year and a half to finish head gear, M&E commission and obtain operation licenses. I believe that is perfectly achievable, since they are working simultaneously on several fronts. The contractor has signed up to a d&B contract and an end date, so will be liable if construction fails.
Different arms of JPM are responsible for different parts of the finance package, but they have underwritten the whole, so I see that as a very reasonable coverage of the risk. I appreciate they are contingent upon, but that contingency is on other parts of the group.
Looks to me a very reasonable arrangement with the risks lying where they can best be controlled.
I have trebled my holding today at reasonable prices.
I reckon an average of 25m per day, 5 1/2 days a week, so 1250 metres by mid-June.
All those funds shorting the shares have been scrambling to sell at lowest loss possible and close their positions. Great buying opp at £28.30, now back to where we were yesterday with every likelihood of moving to £35+
Interesting discussion. Indeed if everything else was equal a zero tariff economy would be best for everyone. Unfortunately everything else isn’t equal, most particularly manufacturing wage levels here compared to many other countries. Therefore without some protection what remains of our manufacturing base would be terminated with extreme prejudice, with associated fall out in terms of universal credit costs etc. Of course with no jobs there wouldn’t be anyone to provide these payments, so the social fabric of the country would fall apart. Perhaps that is the purpose of Brexit......