Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Growler,
You are, of course, quite right.
I have solved my issue and filtered SF this morning.
Agreed. Thanks Jimmy
Fazer21
Did you watch the presentation where they laid put the latest timescales last week?
In my experience, deals of this size, and certainly those involving gov depts, always take much longer than anyone expects. The very quickest I have done is 12 months and the longest took 3 years, all of which were a fraction of this size.
Could the BoD have communicated more? Most certainly. I know there is a lot of restrictions, but I have ran a PLC before and they could certainly have provided more regular updates than they have done to date. Lack of info only serves to create market speculation.
Regards
Nibj
I so hope you are more right than me ! Only time will tell but at least it does look like something might finally happen.
Technician, I agree, I would put my marketing folks in to do just that.
Nibj, whilst I think we will get a deal, I suspect we are 6 to 12 months away. If we had even a prospect on the table, Glen would have put commercial people on the board.
GLA
Lots to be positive about but don't expect any revenue until mid 2025. If the FID takes until mid 2023 (which is then 6 months later than discussed back in Q1) and the project only takes the two years Julian mentioned (large infrastructure projects notoriously take longer than expected), then we are mid 2025 at the very earliest.
I don't know much about these types of projects and maybe Jimmy can shed more light, but end of 2024/early 2025 looks widely optimistic to me.
No point trying to second guess this. You could look at it through 5 different lenses and come up with 5 different theories, all of which would be valid.
I'm afraid we are just going to have to sit tight and wait for the long 7 days to expire !
I am quite hopeful this will be a positive update given that the last CEO interview was only on 7th Nov and very positive regarding Anchois.
GLA
Thanks Jimmy.
It will be interesting if they can stick to the dates. My experience is these types of agreements always take longer than expected but there are some very compelling drivers for this to stay on track.
The next 2 months will be very telling and very exciting.
GLA
Smyth111
I post because someone asked a question. The reason I would sell some at those levels is 3 fold
1. It is too big a part of my portfolio
2. No-one knows the true value
3. I have been caught out before with a BoD not being honest (ended up with a lot of Petrofac shares when the SFO enquiry came to light and took 5 years)
The risks are the things we don't know about which is why I will reduce my exposure.
Not entirely sure yet. Although I believe strongly in the stock, I am over invested with 3.3m shares so I may sell some off at 30p and 50p and let the rest ride through to gas production.
Of course, all this relies on a positive FID outcome and how quickly the price rises.
I would be interested in other views.
Folks,
This is generally a very good informative board. Let's not let the lack of news reduce it to the standards of other boards with pointless mud slinging and personal attacks.
Negotiations are ongoing and the board are not compelled to disclose anything and if I were in their position, I would not weaken my position by trying to satisfy shareholders with unnecessary news flow. Would you ?
Be patient and all will come good. We have gas and the market needs it.
Personally I have no idea where this will go and I am as much fearful of it tanking to £6 as I am hoping it will rocket through the £8 mark.
K,
Thanks alot. Very useful insight
Professional,
You are spot on. This is steady progress and anyone who has been in a business of any size will realise these are big contracts with big values and as such they take many months to negotiate.
Secondly, they nearly always take longer than expected. If the final investment decision did not happen until as late as Mar 23, I would not be at all surprised. If it happens before Xmas I will be super impressed.
Could someone tell me do we receive most of our revenues in dollars and if we report in pounds? If this is the case, perhaps our results will be artificially high as the dollar buys 7-8% more Sterling than it did 6 months ago.
Conversely, if it is the opposite way round, it could hurt us.
Any views most welcome.
Personally I think we are all living in fantasy land. I sold half my holding at a very large loss 6 months again and only have about 800k of shares left.
There is no substance to suggest anyone is doing anything. AT has abandoned ship (not that he was any use in the first place from what I have seen) and if, by some miracle, a deal is struck, I don't think anyone will see it coming.
Just my personal opinion.
No idea but I am intrigued. Whilst this was not this biggest announcement for Anchois, it is a vital cog in the machinery and takes us one step closer so I am totally baffled who, or why, anyone would wish to sell today.
We are obviously so indebted to you for your foresight. I wish you were on my BoD.
ALB1
What a pointless post. All you have stated is that the EPC may arrive or it may not. My old granny could have told me that and she has been dead for 30 years.
Spec,
I have not seen share issues that materialise equally over the next 3 years. Mine are based on achieving a certain valuation for the business and that would typically take around 3 years.
Now you could read this in two ways
1. They expect the business and share value to move at real pace over the 3 years
2. The shares are a more fundamental part of a remuneration pack, I.e they have foregone other cash bonuses in favour of shares for tax reasons.
I have no idea what their packages are or how they compare to this industry but I bet our man Jimmy would know.