Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Only get one life. I have been quiet here recently as transiting from South Africa and there's not a lot South of Mombasa. Not a lot North either come to think of it. Plenty of time now to catch up with contacts.
I am at anchor in Mombasa. We have been here for a few days now waiting for safe passage North.
Superfast Internet here bizarrely and very cheap fuel. I am not really in any hurry to run the pirates to the North.
It will run all the way to 80p re-establishing the old trend that was interrupted by the placing. It was absolutely obvious before the placing and it is now. At 75-80 we'll need news to soak up the warrants swap out. News is looming on multiple fronts and with the warrants sat there the management are motivated to release it.
The positives of this investment massively out weigh the negatives well into £1+ based upon what we know already.
Then there's the question of what they raised the funds for in such a hurry in a strong uptrend.
It seems that the recent $3m order from a Chinese OEM for their new fronthaul product is attracting interest from other regions.
As globally anticipated challenges connecting towers and nodes loom real OEMs all face similar hurdles to construct a cost effective solution for their clients.
I believe that we'll see similar deals for other OEMs outside of China.
Much of the easy work is done in developed countries where networks are concerned. They are often in and work at todays flow. The problems come with density and areas with insufficient coverage. Largely 5g has not addressed how they will add volume and maintain performance as so far compute has either been added or has managed. That all about to change. In many places these questions are being asked now. Deployments really are now and even at this late stage many problems remain. Solutions are coming fast and money is being thrown at the Capex savers. This is where Ethernity are uniquely placed.
Definitely a new feature. There's a real appetite for these shares. I don't think that this is short term money either. I have had several contacts from new holders who say that their outlook is 18-24 months. I think that is very realistic for exceptional growth.
I believe that we'll see £1 before the end of this year and that will move on into multiple pounds in 22 as revenue starts to weigh on the share price.
It will be very obvious by the spring that there's plenty of headroom as multiple contracts align.
Our first DU deal News release is looming now. I don't know at what point it will be released, probably at production order.
It will be $3m on initial order with $2m being the design payment. This is around 900 units. Following up mid 22 with a 1500 unit order from the same deployment.
All in my opinion and a wild guess of course.
Looking primed to reach beyond 50p this week. It will exceed previous highs of 56p with no news. The rising trend will again become the controlling factor and it has catching up to do. Nothing between here and 80p. Beyond 70p we'll see a tightening and news will be required to carry us through 80p.
After that multiple pounds as revenue increases.
This share rarely immediately responds to news good or bad. We have initial movement then a correction. Often around a week later we have a definitive movement often with no apparent trigger.
What we are seeing here is a base being built for a rising trend. It will rise sharply as it has ground to make up. We'll be through 50p next week and continue through to a new high before checking back.
The rise into multiple pounds is absolutely inevitable. No point in trying to fight it. The Ethernity marketplace is open now. The market are hungry for solutions that save capex and improve performance.
Ethernity are right in line for the wave and the share price rise is absolutely inevitable.
Even an event like the ridiculous placing can't derail it.
The 80trigger will cause a hurdle but that will soon fall and beyond there's nothing to stop it.
Swapping out of warrant shares will begin beyond 60p I am sure but demand will be high and it won't make any difference to the outcome. Liquidity is good and allows the rise to be sustainable.
The share price has a very long way to rise, it's inevitable.