Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I'm in for the long haul - as I don't find the fundamental problems within the business as difficult to fix. At all. The refresh of operations is now in full swing, and I'm convinced this 4 billion turnover company will get fixed. It's also very clear that other far larger investors believe the same too, and I wouldn't bet against one or two of those investors in retail either.
Daily SP movements can flip on a dime when there's so few shares in issue. For me, very satisfied with my substantial investment here and looking forward to the future. One thing is for sure, any good news on progress and back to profit here in H2, watch what happens to the SP :)
DavidBrent - again good to see another with eyes and ears a little more open. The clowns referring “but what about Kuwait” need to dig so so much further it’s not even funny. To begin with they’d need to understand the geo-politics of the Rumaila oil field and Kuwait breaking an agreement “not to drill” into an agreed area of land called ‘the empty quarter’. And that doesn’t even scratch the surface… the US, Saudi and Iran were all ‘implicit’ (to varying degrees) in Iraqs invasion of Kuwait. We can continue to take this back to the Balfour Declaration and indeed Churchill’s actions in the Fertile Crescent, Palestine and Mesopotamia and the great British imperial mandate policy for Iraq and Palestine :)
The West, is, and always has been, responsible (as dictators), for the majority of the problems in the Middle East.
Anon3 - good to read you have you eyes and ears open my friend. The blinkered phenomenon that is the wests ‘common people’ understanding of the Middle East is laughable.
Gone native :) I’ll let the clowns have the circus :)
The singular and only reason Saddam refused to deny (or admit) he had WMDs was to keep Iran at bay. Not to posture against the West (who put him in power). :)
What the majority in “the west” fail to recognises, is how many ‘factions’ (read as ‘tribes’) there are within Sunni and Shia Iraq. Something along the lines of 11 different Sunni and 13 different Shia ‘tribes’ who quite literally, all have differing views on their own understanding, and beliefs within Islam.
Saddam, and the way in which he ruled Iraq, iron fist style, kept Iraq ‘somewhat’ (heavy pinch of salt) peaceful. And all sides of the religion in Babylon now recognise this.
The massacre of Iraq by the west is the very reason ISIS evolved. ISIS would not have existed if the west hadn’t meddled (read as; implement their tyranny). Absolute disgrace.
Again, you have very little understanding about the tribes within tribes that were murdering / fighting / ra ping / pillaging within their own communities. Yup. The Hussein "Iron Fist" was a cast iron necessity my friend. Educate yourself outside of the mainstream media (CNN, BBC) that you tune into each night.
And yes, living and experiencing both sides of the coin you do get a far greater understanding of how the middle east works - which you clearly have very little idea on. That said, even my own knowledge is far less than superior as the middle east is an utterly complex conundrum.
Those men, women and children that helped the great US of A bring down that statue of Hussein during the west's tyranny in Iraq, (and subsequently Afghanistan), want nothing more than to be ruled once again by the man the myth.
Never posted here before but just wanted to chip in. Lived in the middle east for well over a decade now and it's funny what you learn on the ground. Saddam Hussein was an absolute necessity for Iraq, if, like me, you delve very deep and protract deep local knowledge from both sides of the islamic coin (sunni and shia), to understand why his rule was imperative for a stable Iraq. Now look at it.
Blair and Bush should have been on trial in The Hague for war crimes many many years ago and locked up for life.
The shorts reduced heavily because they were made fully aware of last nights raise news well before us and the general market, so I see the news only as a good thing. It does mean people can stop yapping for a while :)
Is no fool with retail. I think buying 7% of the company tells as an awful lot. Funds / brokers / and the City play roulette with all manner of companies large and small, the likes of Ashley play to their niche. In his case, it's retail.
This is significant news it really is. Ashley knows FAR more than the city with regards to bricks and mortar and online retail. Much, much, more. He'll know ASOS inside out and upside down (and probably has drinks with the directors), retail is funny like that they move in the same circles.
Simon, good question.
No idea :) But with so little shares in issue we all know the swings in a stock like this can be wild. MMs in control currently but my investment horizon here is over 2 yrs. will they still be in business? Yes. Will someone else own it? Possible. Will they need to raise cash? Personally I don’t think so. Will they get back to profit? Absolutely.
I don’t micro-manage my portfolio, and I’d dare say the board here don’t micro manage the PR. They’re just going about their business getting the business back to profitable. That’ll do for me.
The wild swings in the SP here are par for the course.