Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Early morning bid is up at 0.1435, almost the ask price. MMS Looking to take some shares
Last time that we opened at this price it was the start of the climb to 0.45. This time around the rise feels more genuine with longer term holders (RTO) plus the base of MG building his position. The last spike was just that, as traders jumped in and sharply but slightly falsely took the price up and unfortunately it came sharply back down. This feels more gradual and stable with a lot more evidence of a positive outcome with an RTO. GLA holders and especially to ones that joined on the previous spike and managed to average down or stay patient. It’s exciting to see where this will go.
Now Offering to buy shares bang in the middle of the bid and ask. Shares are obviously wanted for another load up by MG. Surprises me that people are happy to sell atm.
Last buy fir 2.5m shares just paid over the ask
10% threshold was also crossed on 28th Feb. So it would appear that the accumulation hasn’t finished after yesterday’s buys.
Mark Greenwood up to 10% holding. Could see someone was accumulating. Excellent news that he is continually increasing his investment. Possibly he will continue to take over the listing for something, or as he knows the CEO possibly he knows something. 10% of company is a lot of money just for a punt.
I understand that these buys are small but the frequency of the 5million and 3 million buys over the last week shows that a buyer is accumulating. The volume has been low which shows traders are not here. To have these repetitive buys of a reasonable size on a daily basis in a share with hardly any volume shows to me that someone is collecting shares through multiple trades.
I believe munchlet had heard a rumour of a US based RTO. Sounds interesting if both are hearing similar.
As soon as 5m sales go through someone mops them straight up with a 5m buy. It’s obviously somebody building position. Could be Mark Greenwood. I don’t understand why you would possibly sale at the moment. You are just handing your shares straight to somebody else without the risk of the price dropping at the moment.
Another 5million buy through as a sale. Same as the late 3million yesterday. We are more stable at this price than the trading would show
Mark Greenway increased holdings to 7% crossed the threshold on 21st Feb
This will consolidate and stay blue by close. Another 10% rise as it has for the last 4or5 trading days. Just consolidating from the traders looking for the big rise as volume increased this afternoon. Have created a nice base over last week of trading. I agree that 5 million as a trade is insignificant but when watching trading over a period of time and these buys become more frequent it has an effect. As you can see in the rise in the last week.
Buys coming through as sales atm
This rise has been building slowly over the last week or so. So I would see it as a genuine rise. Hopefully some news coming, an update from Richland on progress on RtO in the mining sector shouldn’t be far away.
Another big 5million buy. 2 x 3million yesterday. These big buys have been frequent and daily for over a week now. Buyers with the view of holding, and people building nice positions before the next update on RLDs RTO. Getting interesting.
It was gemfields that were listing on aim 14th Feb, not fura.
Blue again with another 5million buy. Nice to see buyers with the view of holding. Should give us a solid base to push forward from.
I see the Richland arising!
Nice solid day today and what is more encouraging is that it was a steady and constant climb rather than a spike with pullback. Hopefully good days to come.
Although quantity of trades is low at the moment we seem to be seeing the buys being of large quantity. We have seen 7million, 6million and plenty of 3million trades in recent days. With a bit of volume sound these we should see us move forward again. We are blue already this morning and we all know how quickly this share moves once it has a slight bit of momentum.
Dev Shetty has been on proactive investors. Has said that the recently announced acquisitions should be completed by next month which would again be a very quick turnaround with an acquisition. We saw the previous Mozambique acquisition with revised terms to get that completed in a hurry. Once these acquisitions are done Fura will be in a position to seek a London listing and with plenty of capital through their 5.5m short term loan agreement for general corporate purposes.