Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I'd say it's only a slump if folk bought in at higher prices. I was made aware of Bens Creek early on & got in at 11p.
I added at 28p, added again at 29p & let them ride. I sold plenty around 95p & 88p then bought back in & sold some again for profit. Even at this price, my original holding sits at a high % profit.
Those buying at the higher prices to hold long term should know better really. AIM shares spike & fall & it doesn't pay to get sentimental at times.
If Met coal prices rises then Bens should rise & if another contract to supply Met coal arises it should rise further.
I'm very wary of a share that climbs rapidly & it's never a bad thing to take a profit IMHO.
At least Bens is earning good money (unlike some companies that have risen sharply) & i wouldn't deter anyone from buying or adding below 40p
These are decent rises in the SP for those of us who were willing to keep buying below 850p. Would be nice to see it rise much further.
I've been very lucky with Bens Creek after initially investing at 11p before adding at 28 & 29p. I also added at 60p & 78p on the way up & sold plenty of shares out at just under 100p. This has allowed me to add decent sums into (IMB), (DEC), (HL.), (LGEN) & recently RMG.
Even at 60p i'm just over 100% up on my remaining holding & will certainly be looking to add more at these levels.
For myself this was probably a share of a lifetime & so glad i was able to multi-bag .
Keep the faith folks.
My thought exactly
At these prices I can't see any major downside to the company. You'd think any cancellation of special dividends will be to build cash for any payout regarding the Woodford fund. It's no guarantee HL will have to payout & then this will look very cheap.
After buying into BP & SHELL during the 2020 pandemic I haven't bought any of these above 1650p (the cheapest were below 1000p).
I sold some off the other week around the 2300p mark for considerable profit plus dividends. I still hold, But I certainly won't be buying any around these prices. The profits from my oil share sales was pumped into Legal & General at 237p to enhance & diversify my income portfolio a little more.
If Shell hits 2500p I'll sell some more.
@Aliveandkicking - even the legendary Warren Buffett doesn't predict or try to guess the market.
Many on here will say this share is too cheap & some will hope it drops below 150p. You basically have to work out what you think is good value & invest at that price.
Those that hope for 150p may never see it.
Those of us like myself buying at 241p might end up licking our wounds, But we're buying a huge, cash generating business that pays a good, safe dividend.
I'm happy to keep adding below 270p.
I've been fortunate enough to have done very well out of this share & have added more today.
I wouldn't be surprised if there's further panic selling over the next couple of months & if the story stays the same, I'll be ploughing some of my portfolio dividend payments into Bens.
After watching the slide from 600p I've decided to nibble today.
We have the first Hydrogen powered double decker bus parked in the company grounds where i work & it's about time things got moving on the Hydrogen production front !!
At the moment this is my smallest holding & i see no reason to add yet (regarding hydrogen production). While this is dragging on - fossil fuel companies, power suppliers are raking in huge amounts of money & rewarding us investors with rising dividends.
Those that sold at 61-62p must certainly have hit the panic button :o
MM's favourite type of investor !
I tend to follow Mr Buffett's advice & be greedy when others are fearful (as long as it still makes sense to be greedy)