Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Each to their own of course, but anyone selling this morning either needs the money for a life saving operation, or is a trader hopping from share to share. Management couldn't have done more to encourage shareholders. I put the percentage odds of actually hitting it large in excess of 90%, but that is just my opinion.
" exceeded our expectations " Says George...Held our gains today and that is a massive plus. We have all watched it drip down from the high 40s to 0.30 in a few weeks. We have read all the doom and gloom merchants posts, they have had the time of their lives. No..i don't know why they do it either, low self esteem perhaps?
Wed - Fri I will watch with interest. That video may just be the catalyst back to the high 30s low 40s. Then of course the assay results, he does look confident doesn't he?
Been watching the trades for a while, whenever we see a little bit of buying it is immediately met with sells. These can't all be PIs it just isn't possible. It has been pushed down from the high 40s to where we are now and it is getting lower every day. I reckon they are going to raise money, i may be wrong but that is how it is looking to me. They will need cash at some point so suppose it is better to get it out the way. Lower the price is the easier to raise funding..
No way of dressing this up, it's not looking good. If we drop below 0.30 then it could just plunge. Very hard to understand why this has been chipped away for weeks now. Nothing has changed, news releases have been positive, we have seen buyers, but the sellers have this dropping every day and it's uncomfortable viewing.
Only logical conclusion is that all is not as good as we have been led to believe, or a massive placing. Hope i am wrong of course, but that is how it is looking. I will not be adding but can understand why others are, I have enough.
There is little point in castigating management for releasing RNSs telling their shareholders where they are at. Would we all prefer them to say nothing? Then we could all moan about how we are kept in the dark i suppose...
They have said they will release their findings in the first quarter, that is the end of March. I am quite happy to wait for those results, it could be tomorrow or the last day in March, whichever it is its not long to wait. However...if it runs beyond that it would be concerning.
Of course it's not nice watching the SP contract, but i have noticed some lumpy buys as well as sells mostly on Aquis. The market will know long before we do, at the present time it is not encouraging, but things change.
I know what you are saying Yanis, but they did say first quarter. They are doing what they can to present a very positive outcome coming our way, but the market likes certainty. One thing is for certain, George and Mark wont dare show their faces anywhere if this doesn't come to fruition. We have seen the podcasts, we have read the tweets, seen the television interviews, watched them grinning from ear to ear...
I just can't imagine anyone putting themselves on offer like that if they weren't as near certain as possible they will hit gold,and lots of it.
NT on II as well.
Yet another update from ALBA this morning. It is all well and good... but what shareholders, and the market are waiting for is actual results. I did laugh when I read about " chomping at the bit " never thought i would read something like that in any company RNS. Every day for quite a while the share price is getting chipped away from an endless supply of sells. There are of course buyers as well, but the sellers have this in a vice like grip and it shows no sign of abating. Was this mornings RNS put out to try and get some stability in the share price? I think that might be the case.
This could be a remarkable opportunity to buy shares at what some could see as a massive discount, after all surely the assets are worth double/triple of current MC? That is on sentiment only. Or of course you could also lose your dough should all the positivity come to nothing. I think we will be fine fwiw, but not as confident as I have been.
You are entitled to disagree ocelot, that is what debate is all about. In my experience of investing, all directors of AIM companies when conversing with me, have stated when a share price is dropping like a stone they didn't see it as a problem and had no control over the share price. We all know that should they wish companies can certainly stimulate interest. As daft as it sounds, I think there is a possibility this share price is being forced down in order to facilitate a cash raise with clients of Ms Henson. You get a lot more shares at say 0.30 than 0.40. Much easier to get it away when share price is 0.31 than raising money at 0.30 when share price is 0.40.
No more than a thought, nothing else.
I can see and feel the doubt creeping in with ALBA. I have always said that the market always knows before us mere mortals. If all I was seeing were sells i would be quite rightly concerned. But that isn't the case, as there have been frequent decent buys over the last few sessions. I know 95% of you saw the 12m sell declared late yesterday, but that could well have been from a couple of days before. Watching your few quid getting chipped away is unpleasant viewing, but the only option open to you is to bail out, and i wont be doing that, as nothing has changed apart from more positive updates since the 50s.
I would bet ALBA don't give a monkeys about the share price dropping, as whatever happens they still get paid. I will not be adding until I am sure this selling and downward trend is reversing. Anyone who is buying now is getting in very cheap, but still wouldn't like to guess where the bottom is.
Seasoned players will know that it is never about how many shares you can buy, but how many you can sell which will show the strength of current price.
Currently can sell 1.5m at above the bid. That's not bad but not great either. Whether this is the bottom i wouldn't like to say, but I do have funds available if it got silly. Might see a drop from MMs to 0.30 to see if it will trigger stop losses.
I still rate this a great buy if all we have been told by the company is true.
There has been definite downward pressure being put on our share price in my opinion for the last few sessions. There are undoubtedly sellers, we have all seen them on LSE or AQSE, but there has also been some very decent consistent buying as well. Something similar happened a couple of weeks ago and then it cleared, but we are once again down in the low 30s.
So where are the sells coming from? Definitely some PIs but also maybe the last few warrants? I wish i knew..
Nothing has changed...No bad news released from the company, quite the opposite in fact. I have seen stuff like this many times, and I have sold off shares because the vibe doesn't look good. They must know something right?
All we can act on is what the company tell us, and that would seem all is rosy on what i have read or seen, and they are the ones who do know.
Things will change, but wouldn't like to speculate when, March?
There is little doubt we have some exciting assets, as a couple of posters have said, down the line people will be saying" why didn't we get in cheaper?" imo a real chance of serious money to be made here. Peaks and troughs but it's all about waiting.