Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
If I’m not mistaken, that’s the three days up. I’m not surprised they couldn’t get it over the line in the time scale they imposed on themselves. I often wonder why they bother to give a time or date as, they are incapable of sticking to them. A massive risk but, shorts could make a few quid here. I loved the post earlier by one of the usual buffoons stating someone hasn’t a clue when, they’re sitting on a self confessed massive loss. The pan calling the kettle.
Looks like the froth is settling here, shame, I’d like to see it settle above 130 in advance of the official announcement but, this is GKP and there’s no deal until the i’s are dotted and t’s are crossed and of course, the right biscuits are on the table. I see the multi avatar cabbage has been fed this morning, a complete fantasist with clear mental health issue.
When the day is done and the ball
Has spun in the umpires pocket away
And all remains in the groundsman's pains for
The rest of time and a day
There'll be one mad dog and his master
Pushing for four with the spin
On a dusty pitch with two pounds six
Of willow wood in the sun
Looks like we’ll follow the oil price down. General pessimism throughout the markets today, given the potential for escalation in the Middle East. No amount of dung about potential acquisitions and unverified nonsense is going to raise this from its current range.
Seems there’s a bit of resistance at these levels but, all appears positive. Where’s JAdams, the sage of the GKP boards, with his insightful predictions? Oil price is like a saw tooth so, that may account for our fluctuations.
You’re probably right but I suspect #3 will prevail. IMO, I think there may be a hybrid sales agreement in the short term. The local sales may continue as it’s cash in hand but the sale price may have to go up if the refiners want to keep GKP in the mix. I believe they’ll get some oil flowing through the ITP at the same time just to test the arrangement with SOMO. If the arrangement with SOMO proves as lucrative as promised, I can see the ramp to 55k and beyond being the priority and the local sales being curtailed. The sooner IOC’s get back to exports at international prices the better and the arbitration can bubble away in the background.
J, do you have any evidence to say that ICG has refused to load the ITP or is it that they’ve made no comment makes you think they’re holding back?
Reuters makes no mention of ICG refusing to pump:
Baghdad and Ankara agreed to wait until a maintenance assessment on the pipeline, which goes through a seismic zone, was complete to restart flows while still engaging in a legal battle on arbitration awards.
J, if this walks back to that level, I’ll be very comfortable as I can top up again. Those shaking the tree, good for them but, don’t get too complacent, when this kite eventually catches the wind, there’ll be little chance to get back in.
Belgrano, the gas play is a very important aspect of GKPs future, IMO. If they can show substantial 2P reserves, this will attract big investment given the desire for greener energy and a need to disengage from Russian gas. The eurozone would be very interested given the proximity. Once all this foolish table bashing is behind us, the future looks very bright.
Belgrano,
I do believe Turkey’s obstinance has been overplayed. Their economy is in a poor state and foreign investment is vital to improving economic conditions, by digging in and not even trying to compromise with regard to the court ruling, they’re sending a negative message to potential investors. Iraq is well aware of this and it would appear they’ve turned the tables. This will all be resolved once both parties realise it’s a lose lose, there’ll then be lots of ring kissing and we’ll get back to business.