Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Can confirm Drewriot! My Tlou trading pot that I exited yesterday has come in here this morning. Showed as a sell but was a buy. I’ve made good scratch having a small trading pot flipping between the two over the last 8 months or so. It’s only for beer money, not serious investing but I’ve returned 143% in that time. If only I had the balls to do it with my whole PF!
The Aussies bust 9p last night! Thx for sharing Tlou’s response Thornback. No question we have potential for $1bn + but we do need those factors I mentioned below to line up for us. Once we have derisked the gas flows we will have an idea of just how far to the moon we can get (I’m guessing all the way but I would like the proof)!
Because it isn’t the news that creates the real value. We needed this for sure for the development to progress, but it’s the PPA we need to borrow money for development and good gas flows we need to make the venture profitable at scale therefore adding value to our frankly mind- blowingly enormous prospective gas reserves.
Nice. Belgian pills for me! I might have a cheeky Lagavulin afterwards.
Noice. Only 75% profit in 5 months for my trade! Looking forwards to the epic gas flows and ‘finding secured’ RNS to take my (10x bigger) core holding to the stratosphere! I’ll be drinking imported beer tonight! Time for the 9’s to fall.
It’s not the size of the award that matters. Just that we get a PPA. The key then is how economic power production will be, which is going to be a function of gas flow. If our economics come out favourably then that is what is going to add value to our reserves - this is where the value of the company is. The rest is just a question of scaling.
DT, you do know that small trades are usually book balancing transfers right? Not the sort of thing to sweat, save it for the real stressful stuff! Like is Trump going to actually destroy world trade or will he step back from the edge? I’m of the view that this is only partly about Chinese trade and partly about forcing the Fed to ease global liquidity which, painful though it is to say, he would be right about. The dollar liquidity crunch is contributing as much to killing trade as tariffs and the Fed is way behind the curve in dealing with it. Once the Fed plays catch up, real assets will start to get bid again.
From IR: Awaiting official notice; bureaucratic bit is done; Ministry now free to negotiate directly with companies; BERA nothing to do with tender process.
BERA is not in charge of awarding the tender. PPADB is.
I think that’s the board that regulates the industry. Different from the PPADB which is the public procurement board.
The govt aren’t buying gas
That’s how I read it. I can only assume the negotiation is for the PPA. It’s disconcerting that the company haven’t been told that this is where the process is at though.
I don’t see how it could be negative either way.
https://www.asx.com.au/asxpdf/20190515/pdf/44538z8m4x1h3x.pdf Weird way to find out. Aussie’s not convinced.
If you think the crude market is very well supplied, have a look at this: http://fingfx.thomsonreuters.com/gfx/mkt/12/353/353/SpotPremiumsMay2019.png Premiums being paid that haven’t been seen for a long time.
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