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BUYERS coming in
It certainly could be. I am a very recent buyer (small punt), based out of intrigue / hunch - seems like an asset grab to me, and was tried unsuccessfully a couple of years back at 26.25p. If the delist goes ahead I am not gonna be that bothered. The company will still exist, and there is a matched buy/sell facility. Worse case scenario I will have some delisted shares in a company that said:
“Our FY23 results reflect the legacy issues and the difficult conditions that the group has operated in, however, we are now in a stronger position and laser-focused on our path back to profitability as we continue to make improvements at pace.”
Best case scenario a few folk wake up and see this for what it is (ludicrously cheap), and we see a pre de-list spike.
1 June 2023
FULCRUM UTILITY SERVICES LIMITED
("Fulcrum" or "the Group")
Domestic Asset Sale Update
Fulcrum announces an update on the sale of its domestic customer gas connection assets and associated meters to E.S. Pipelines Limited ("ESP").
The Group confirms the successful completion of tranche seven of the domestic gas assets transfer to ESP for a total consideration of £2.2 million on 31 May 2023.
£2.0 million of this was received in cash on 31 May 2023, with the retention balance of £0.2 million expected to be received on 30 November 2024.
The total gross consideration receivable by Fulcrum is expected to be c.£49 million. £36 million has been received to-date, leaving approximately £13.1 million to be received.
The arrangement with ESP also includes further milestone targets which, if achieved, would trigger additional enhanced payments of up to £3 million over the remaining term of the contract.
LoL
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BUY: 100000 ORCP - ORACLE POWER
Can't buy......
N/T
....don't forget that gold news from Oz due shortly
Yep massive tick in the box and progress today.
Feasibility study done.
...
Double whammy - awful results plus fund raise.....wait for this to settle near 15p
I think BIG move is coming, some funny trades coming through which I have seen similar happen on other micro caps just before take off....GLA
Just spoke with the broker (Stephen), he re-assured me that company is absolutely doing everything to get this audit sorted and accounts published. He also further stated that if there was anything wrong or found to be wrong "they" are duty bound to inform the market - even if they are suspended. Moral of the story "pick up the phone and enquire".
1 share trade several times today.
RNS logged.
Riversgold are super incentivized.
1st of many RNS.....multi project company.
Stupid low m/c.....BOOOOM
Gold confirmation
RNS OUT. !!
Lol