Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
It got my attention.
I have a small position here as I do with several Harwood owned stocks so I can keep an eye on SP movement and progress of the turnaround after Mike England was brought in.
With Harwood owning 27% ish, Downing holding 9% ish and Gresham and others also in here I'm wondering if it would suit them for FLO to be sold off as has happened with several Harwood owned stocks in recent times.
There was a situation at OTMP (which I held and Harwood and Downing had decent stakes in) which had low volumes of share trades until a few days before the buyout was announced when there was a flurry of buying and the SP started to rise. This looked like some had insider knowledge of the impending sale and were taking advantage.
Maybe not what is happening here but one to keep an eye on for sure. Will see what happens tomorrow. GLA
Agreed. MSI (I hold both) also issued great interims this morning including breaking into the US naval gun market. I'm going to give QQ. another look this morning too. I used to hold but the SP was going backwards. I think they are undervalued though.
It is a shame why these companies are doing well but it is the state of the world.
Thanks to Paul Hill for the following:
#POS - Possible game changer for Plexus? Extracts below from a WSJ article published today.
"On Saturday, the Biden administration announced a final methane rule for U.S. oil and gas producers, requiring them to plug methane leaks and stop burning excess gas with flares. The regulations also mandate regular inspections of facilities to make sure the planet-warming compound isn’t escaping into the atmosphere.
Administration officials say the methane rule—which will be phased in over the next two years after two years of contentious debate—will cool the planet and improve public health. Industry groups say it will put some well owners out of business.
European Union officials used the same playbook, announcing proposed rules in November that would clamp down on methane emissions from production facilities, as well as requiring imports and exports to track and report methane beginning in 2027.
The EPA rule will require new wells to cap flares at production facilities that burn gas waste that the industry says isn’t economical to sell.”
“The EPA estimates the new methane rule will prevent 58 million tons of methane emissions from 2024 to 2038.” Methane is an odorless, colorless byproduct of oil and gas drilling operations. Once it reaches the atmosphere, methane is 86 times more potent than carbon dioxide at trapping the sun’s energy.
In addition to curbing climate-warming methane, the rule will also eliminate 6 million tons of unhealthful volatile organic compounds by 2038, along with 590,000 tons of toxic air pollutants like benzene and toluene.
BP America Chairman and President Orlando Alvarez said he welcomed the new methane rule and its application to existing oil and gas facilities. “A well-designed rule will help drive material methane emission reductions this decade and beyond,” Alvarez said.
Chris Mills was speaking at Mello this week and was keen on Carr's and Eckoh where Harwood are building stakes. (I hold both and will be adding)
This was reported on Stocko by one of the subscribers who's interest was raised to a point where they have decided to start a position in Carr's. He/she is a prolific contributor on Stocko so this could lead to spreading the word and getting more interested. The more the merrier I say.
You may already be aware that Stuart Widdowson of Odyssean (part of the Harwood stable) often sings the praises of XAR and bought another 1% only a couple of weeks ago taking Odyssean to over 15%.
XAR seem to be a perennial disappointer but Stuart has kept buying. It will be interesting to see if Odyssean buys more after today's RNS and subsequent drop. Maybe Harwood can find someone to buy XAR.
Firstly, nice to see Dowgate increasing their stake again today. They’ve done their research and like what they see.
React have an impressive list of major shareholders with the recent slight reductions by Helium and Harwood a bit of profit taking/fund redemptions probably - to be expected and of little concern
Why I contacted Mark:
To discuss analysis of the company by Paul Scott last week on Stocko after I contacted him to get his views on last week’s pleasing trading update (and hoping to highlight React as a company of possible interest to Stocko subscribers)
Although Paul thought the update looked good with a strong rise in profits, upbeat commentary and the chart showing good progress over the last 6 months (rising from 1p to 1.6p) he voiced concerns with regards to React’s ability to make more acquisitions without either issuing more equity (at a cheap price) or taking on debt.
(He also noted liquidity issues and that it might be a good idea for React to do a 100:1 share consolidation to give the company more credence)
To be fair to Paul he was pressed for time, was only able to have a quick look and so he may not fully up to speed with what’s happening at React. Anyway, after mulling Paul's comments over the week-end I felt the need to contact the company to get their comments before having another go at championing React on Stocko.
Mark was very generous with his time and we a had a good chat noting some items missing from the analysis such as the cash being generated by React (which could be used to fund or help fund future acquisitions), the 20% like for like organic growth, minimum requirement for any future acquisitions to be earnings enhancing, accretive and strategically meaningful etc.
There’s still a job to be done here but they are on with it and I my current intention is to stay invested for the long term.
Also, Mark keeps an eye on the bulletin boards but he won’t respond on the boards (which is as it should be)
Hi Bob,
Yes, called Mark this morning and had a very nice chat (had his grand daughter with him gurgling away in the background which was very amusing) I'll write more probably this evening but have to rush (building an extension and concrete is due shortly)
I emailed Mark Braund this afternoon and he responded almost immediately asking me to call him to discuss. Pretty impressive I thought. I'll aim to call him mid-morning tomorrow (Monday). Let me know if you have any sensible questions and I'll add them. (short notice I know)
Paul Scott has just reviewed today's results on Stocko giving REC a Green rating. In summary to his in=depth review, he feels the drop has been overdone saying that this could be a good entry point (which I'm pleased with as I bought in on the drop this morning!) GLA