Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
10.14 Correct, Ddraig. Mind you, I think the Aussie clocks go back next weekend, so ASX hours will be 01.00 - 07.00 BST
Thanks, N2s. Don't remember seeing that one.
'. . . going from explorer to developer in 6 to 12 months'
14.21 300k red trade was a buy, mine.
As a counter to the Next OIl Rush view (which after all is soft PR), here's what a writer on the Sha........... (you know who I mean) site thinks. It's behind a paywall so I'm chary of c&p-ing it. Be warned, it's not too pretty.
https://www.dropbox.com/s/5rgnxqmx07vy9qu/PBrailey_sharepro.txt?dl=0
In your dreams. The LSE (the real one, not this one) charge suppliers an arm and a leg for live data, and who's going to give that away for free.
I won't post the whole article, but this the conclusion of it -
So, if ever you are going to take a bit of a gamble on shares in an exploration drill, then I believe that this is the one to buy in for – I have done myself and it will be the first exploration drill for a small company that I’ve held shares in for a long time, as usually I don’t see the risk as being worthwhile.
It also seems like a good level to buy at as the share price has dropped back a fair bit recently and is well below the level that funds were last raised at a few months back. It would seem that the Canadians would agree, as the shares are dual listed on the TSX and are currently trading there at the equivalent of 86p, and it is unusual to see such a big discrepancy between that and the London price.
If this drill attracts the level of interest that I am expecting, then there may well be the chance to derisk some of your holding before results come, but this is one where I will be leaving at the very least part of my investment to run and see how things pan out several drills down the line.
For an exploration drill, I would rate this as about as strong a buy as you really get for that scenario, and if it is successful I can see a lot of upside from the current share price, just based on the first drill alone
There's an ADN app, available through the usual channels, where the GDPR restrictions don't apply.
I'm not aware of any 'expose', though he did do a piece on the podcast last night.
However Gary Newman has an article today, which I find it hard to take issue with -
https://tinyurl.com/y44hd92w
(url of necessity disguised)
Highlights
• Yukon Leases Maiden Resource: Net Mean Prospective Oil Resource – 90 MMBO
o Cascade lead upgraded to prospect – Brookian Turbidite Fan Play
o Additional prospectivity mapped within Staines Tongue Topset Play
• Project Icewine Net Mean Prospective Oil Resource – 2,211 MMBO
o Farm-out process continues as planned, with deal targeted prior to year-end 2018
• Western Blocks Net Mean Prospective Oil Resource – 144 MMBO
o Stacked Brookian objectives including Nanushuk Topset Play
o The Winx-1 well is on schedule to commence drilling in February 2019
• 88 Energy Total Conventional Net Mean Prospective Oil Resource - 2,445 MMBO
Oz clocks have gone forward, ASX midnight to 6am for the next 3 weeks.
Or you could go BRAVE, if you get my drift.
'Fat corrupt toad' is one of Winnifrith's more flattering descriptions of Malcy.
The accusation is that MG-W is less than upfront about who is paying him.
Storms - wonder if Dave will be tempted to search behind the sofa.
Whatever else can be said about TW, his record on calling out frauds is impressive and that's why I shell out for the content.
For what it's worth, here's what Winnifrith had to say in yesterday's Bearcast (behind a paywall now) -
"88E, another update on IW2, lots of talk about methane gas and water, not about commercial hydrocarbons. I used to be an oil analyst, but I read these company statements and it's like being asked to read Greek or Swahili or Maltese, it's just bloody entirely unintelligible. The company doesn't make it clear but all this talk about methane and water is not impressive and that's why the shares are down again at 1.55p, and I wouldn't on a risk/reward basis be rushing to buy them."
Hey, welcome back, Sir Brom. As you can see, both sp and the board have gone to hell without you.
Imminent on ASX
Talk of the devil, Garry . . .
Jiddy @15.20 - 'Don't forget that an IRR has already assesed the resource @ more than 1M barrels.' Deramping, or just seeing if anybody's awake? ;-)
Well, if the cap fits . . . ;-) I have to be in Dundee tomorrow morning, and if I've got time I'll go round by the docks for a look.