Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Maybe that's because we see this dog for what it is? All the wet dreams promised regarding gushers, only to be delivered a material slightly drier and of lighter complexion with a powdery texture. For this to happen time and time again, the most ardent supporter becomes a sceptic believe it or not.
It's like me saying you lot ramping this dog up all the time sound the same, therefore you must all be the same person. Dumb comment, right?
Hehe yeah, I got so much of those badges here that I am beginning to look like one of those dictator generals wearing those uniforms with broadened shoulders to accommodate all those badges. You'll see the light re this company eventually when it all goes belly up, like so many of your rose tint predecessors have in the past.
Most likely outcome here and best for the board (but not SH) will be the well needing some sort of fracking operation to achieve acceptable flow rates without being choked back to death due to "formation characteristics", roughly translated as barely commercial but will keep us board members with work and a salary (anyone here remember LGO?). Fracking operation would be drawn out, no guarantees, inexperienced company that have a poor history of finding oil let alone extracting it, and costs money. The board would be happy of course, keeps them in a job for much longer and allows them to get away those placings whilst keeping the carrot dangling to donkeys such as yourself.
Once we realise that 88e have found yet more dust (or as good as, because any fracking operation will go down with the market like a lead balloon), I wonder if you will create a new account calling yourself shareguru23? Definitely won't be 22nd time lucky for you here unfortunately. Of course, I'll be here on D(uster)-day where you can present me with yet another badge.
Haha thought not. Predictable reply to another fool who doesn't have a clue. Anyone want to give it a go and explain why this time is so different, and why I'm the fool for questioning the dismal track record of this company. Come on shareguru, don't be bashful. You seem willing enough to impart your worthless nonsense regarding this worthless dog to complete strangers on other occasions it suits you.
But given the market reaction this time around, we already know i am right don't we? Yes yes, we all hate a big headed, boastful person.....but if anyone cares to check my history regarding this company that extends much further back, before you knew what a share was, I have earned my bragging rights here several times over and have been on the money every single time.
Another dust storm is brewing here. Be warned. But don't worry, I'll be here for a shoulder to cry on when this company has left you for dust and I'll earn another "88e, I was right" badge.
And the cycle of new muppets next year continues haha. I may as well copy and paste these posts for next years dust bonanza, you fools are all the same.
Lol. I liked the part when you said they found oil. Wheres the oil? Non commercial is a duster you fool. All is good this time you say...they even have wire logs. Wow, they never tried that before. They know its there this time do they? So the other drills where they failed were for fun were they, and werent expecting anything. Can you actually read back what you wrote and see how dumb it sounds in the context of their previous failures?
Heard it all before buddy. Your type come and they go (without their shirts) and added to my wall of muppets who have fallen here.
I am invested like I am every year. Ride the wave of 88e management suckering in fools such as yourself with pretty schematics and sales talks and dump BEFORE results. But it doesn't seem to be rising as much this year than other years....hmmm I wonder why that is? Maybe something to do with the epic failures of the past? The only fool here is you buddy as the rest of the market isn't buying it this time.
History is on my side....I have been right over the years thus far. Convince me and all of us that I will be wrong this time. And please don't say "because they know its there this time" lol.
I'm not arguing with you here as I rely on noobs such as yourself and the "this time is different" gang to keep me in the black, so by all means throw the kitchen sink at it.
This company has shown time after time that they are incompetent at best. They probably forgot what oil looks like, they got so much dust in their eyes from previous blanks. All of those previous drills were meant to be gushers.
I and many others ask the reasonable question...WHY will there be oil this time after the failures time and time again. Laughable really.
But....there's money to be made like there always is on 88e as this company never fails to draw a crowd bizarrely. Buy in now, ride her up to the crescendo of excitement around results.....and SELL SELL SELL BEFORE results, and you realised that all the excitement was for a pile of dust. Nice little earner doing that here.
Rinse and repeat like clockwork every year. Lovely jobbie. Been doing that since before you were a member of this board buddy. Maybe check post history a little further back.
What duster? Omg, you are obviously a newbie here. Never mind, hammer and chisel at the ready to add your name to the infamous 88e wall memorial for those who have succumbed. Many a fallen comrade have made the wall over the years.
I make this the 6th cycle of 88e annual rampathon. 6th cycle....it means previous 5 cycles ended in dust.
And you ask what duster.....tsk tsk tsk.
So Halifax says up, nationwide says down.
rightmove, zooplas and all estate agents opinions should of of course be completely disregarded as their very existence relies on a good property market, so tone will be optimistic and will talk up the market even if a gigantic asteroid was hurtling towards earth.
Only the ONS know the real story re houseprices. But data is 3 months backwards.
Fascinating day for first republic. Rollercoaster ride.
Syndicate of banks help first republic bank by depositing $30bn in unsecured deposits. This show of support coupled with SNB actions re CS should help bring down market temperatures.
Yeah. These people can argue a banana is an orange to suit their agenda, no matter how absurd they make themselves sound. Reason or argument is futile with such people, and is best not to dignify with a response. I hope for this individuals sake that he has an agenda or links to russia. Even then, I seriously doubt the most ardent russian troll truly believes what bile they are paid to spit out.
If this poster actually has no links to russia...then god help them. Or perhaps move to russia? Nobody suggests the west is perfect. But boy is it better than Russia & Co. That is of course unless you are happy living in a hut and just go with the flow and whims of your dictator whenever they feel like a murderous rampage.
Best to just smile and wave at these people.
I'm not the only one that finds the timing of their reported financial reporting discrepancies very suspicious.
They really couldn't have timed that release any better to cause maximum panic on an already wobbly market.
If CS do topple, then of course all bets are off. The series of events that will follow are hard to predict, but they won't be pretty. Alas, we need to go through many stages to get that point.
Me and some colleagues because we are geeks used to categorise banks like nasa categorise meteors called a torino scale. 0 means no probability of impact, and 10 is certain impact from a meteor that will cause worldwide devastation. Main variables are size and probability of impact. Banks collapsing and meteors....some comparisons can be drawn in terms of devastation that can be caused.
Credit suisse is a solid 5.
The rodeo show has landed in London by the looks of barclays, lgen and others that are normally perceived best in their class. (I use the word best loosely).
Then again, this whole episode is not even a week old....even though a day can feel like a year in times like this. You are right in saying truths need to surface fast....especially the poorly timed, on cue groans from the long time elephant in the room that is CS.
It's a regulatory issue saihaj. Not so much lack of confidence. Saudi national bank cite regulatory reasons.
Saudi national bank would see no benefit watching credit suisse collapse, quite on the contrary. And for that matter...none of us would want to see credit suisse fail.
It's not just CS suspension. It's a whole load of other EU banks that have had stocks sell off heavily. EU circuit breakers are different to ours.
You can always rely on CS to rear It's years old ugly head at the worst possible times and bring it's problems to the table and magnifying the short term panic.
But I still don't believe the panic is of magnitude or has any significant logic behind it to be the nail that sends CS to bank heaven (or hell). CS will surely go to hell.
But...I still fail to see how SVB could cause the final downfall of credit suisse, or more the straw that broke the camels back. I just don't see this particular straw having enough mass. Even if I had money in there now...I wouldn't feel the need to pull it fast. SVB clients were mainly loss making startups who were burning through cash rapidly. The rate of cash burn of these startups given the environment now is what caused SVB to run low on liquidity. It started as a bank run nobody was aware about. Only when SVB attempted to raise funds through equity and selling off their fixed income portfolio did everyone lose their mind and panic, as they then grasped the extent of the issue. The case study (SVB) parameters are simply too narrow to be contagious on a scale. The only way this can go further is if a true state of panic were to happen and everyone decided it were best to just keep their money stuffed under the matress. But that makes no sense. Major banks have already seen very large inflows this week.
Issues are no stranger to credit suisse, and I still fail to see contagion here in the form of a bank run at credit suisse. Still a storm in a tea cup, much ado about nothing ect ect.....IMO of course.
Credit suisse announced today that they found some "material weaknesses" in their financial reporting process for 2022 and 2021. Also their main investor, Saudi national bank won't stump up more financial assistance.
Seems to be causing the panic today. Funny thing is....US banks are not nearly as much down pre market as what we are experiencing here. If any bank was going to cause us pain here, it would be credit suisse or DB.
It's also funny how these libertarian silicon Valley CEOs who lamented the government for bailing out the banks are now themselves asking to be bailed out. I guess it's not so nice for them when it's their interests and money on the line. Whats the term....practice what you preach?
And now pleading with the government to not raise interest rates haha. The hypocrisy stinks. I say the world was overfilled with junk that labelled themselves "tech companies". Im sure the world will continue to revolve in the absence of another crapie game or another loss making fast food delivery. This is nature's way of cleaning out the closit.
Who picked themselves a bargain over in the US yesterday? Crazy first hour.
First republic bank and charles schwab. First one not for the faint hearted, but the rewards could be huge if a fully fledged bank run doesnt occur (already starting to peter out), and Charles schwab....very odd why that dived so much. Their primary business is not even banking. All bank stocks are a steal. Especially some regionals in USA.