Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Knowbody, as people on another board will testify, I have balls of steel. They're a beautiful duo. Trust your gut, no more no less and you'll do well. I've watched this stock closely over the years, and decided to invest heavily at the lower levels we've just been seeing.
ASOS is a giant of retail that got hit along with every other company on the planet during the economics woes of the past couple years. Let that not cloud your judgement however, these guys dominate, period.
It's doing exactly as I expected today. No need for detail, but I've made heavy purchases here over the past month or so and each and every time limited stock to buy so forced to buy in tranches - there's demand for stock and not enough to go around... enter the shorts... haha.
Chronically undervalued and that's why it's rising consistently for the past few days. Yup, there'll be some dips. But I don't expect anything untoward as the new trajectory is clear for all to see :)
I don't see too much of a retrace here from these levels, certainly not below 500 - those days are well and truly over. The bottom is long in as I called weeks ago. And at anything under £10 this share is chronically undervalued, don't get it twisted :)
"Right now, the sales show it is a company in decline" Very misleading words.
The company, along with every other listed company in the world has had to weather (to varying degrees) an economic storm. No big deal. No company is "in decline" with a turnover of this size, and a statement of intent such as that of last week. Not much logic applied to that post son.
ASOS is a retail giant with a massive global footprint. Ups and downs for sure. And having owned a few myself, re-aligning a company's vision and mission and operations is all par for the course in running a successful company. The great thing about fashion is, cost saving measures are far more easily identified in this type of business than other sectors; finance, for instance.
Fashion is fickle, suppliers are extensive and materials are ubiquitous. This all translates to having a alot of steer when it comes to sharpening operations across all pillars of the business.
ASOS is now on the path to recovery, it's very clear. This board have names in the industry they categorically will not want to tarnish with anything other than success - and I'm invested heavily here because I see the business returning to profitability within 1 year.
And honestly, in my opinion you'd have to be a fool to think anything otherwise. Forget this bricks and mortar fightback. The kids still order online. Period. The grandmas enjoy the M&S experience.
It's onwards and upwards here. Ask yourself this, where are we going to be next Christmas? I've said it before; I'll eat my ASOS underpants if we are anything under £15. Take head of this post ladies, I'll repost it myself on 24th December this year. I haven't been wrong yet.
How have I missed CAPD ? Thanks both for airing it :)
Shareminator, I recognise the handle too I’m fairly sure we’ve spoke before. Where do I k ow you from? Is it simply SLP? Haven’t seen you around these parts for a long time brother hope you’re well :)
You know what's funny, I've said for over a week someone knew something here. Bottomed out even just last week again around the 500 level and started rising in anticipation of this news.
And for me, the first 4 words of the statement, was indeed a serious STATEMENT of intent;
ASOS DELIVERS SIGNIFICANT PROGRESS.
Done deal. This stock has bottomed (as I said it had weeks ago) and only goes one way from here.
I'm clearly smoking a different strain of weed to those on here unsure of that RNS.
I have balls of steel and the patience of a sloth (ask Velo). All in and happy to be aboard. Inflation falling, and still, weirdly in my view, people aren't reading between the lines of the inflation reports across the pond and in Europe. 2 years of jacking off at home doing nothing to do while masked. People have money saved.
Reports the other day that recession in Europe won't be anywhere near as drastic as touted towards the back end of 22, same with the US.
If you're an avid investor (for time in the market) nothing to see here but GAINS. Period.