Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Is the extension not also a sign that the Kape Board are not doing much to up the offer and broadly support it. The danger as I see it with the offer failing is that the sp will fall, albeit not necessarily that much as there is still the risk that there is then a lower offer once he has mopped up more shares at a lower price.
The volume traded in BMN most of the time is dire. I have bought more over the last couple of days and have ended up paying a slight premium for frankly not very big amounts, 300k and 100k. There has been no option, because there has been no stock. This shows abundantly clearly that all bar the inevitable few now see that there is only one way for BMN and that is up in big strides. Hence I really have no objection to paying a slight premium, meaning 2%, because the change in the sp over the next 3 months I am convinced is going to be mega by comparison. With the way things are shaping up a ten bagger is potentially on the cards in the not too distant future. As always DYOR, but I have been putting my money where my view is. Unless the world lurches into calamity, BMN will thrive over the next few years and I too believe that there is unlikely to be any issue with the repayment of the Orion debt in November as all the cards fall into place.
Certainly I am now sitting on a small loss here, so I imagine many investors will be underwater. Significant progress has been made and Graham has said that he expected a substantive announcement during Q1. Agreed that is in no way binding and we have heard his "Imminents" before, but hopefully this time everybody will be relieved and this will be matched by a significant upward trajectory in the sp.
No way is it a sinking ship. Unlike some other companies there is not a lot of hot air in the sails. I do believe progress is being made with the EIA, but there is nothing that at this juncture merits an RNS. There was a quarterly update only just over 4 weeks ago. Be patient. Sit back and enjoy the ride
I deliberately refrained from earlier comment on the RNS, so as not to be embroiled with trolls. The RNS did not contain anything that we were not aware of. Indeed it is a miracle with the loadshedding (which was fully known about) that production missed guidance by only a few percent. On the converse the exchange rate is a plus factor and the vanadium price is higher than was being allowed for. There are always those that think expectations can be exceeded and are disappointed when their unrealistic expectations are not met. For me everything is lining up reasonably although I agree it would have been better had there been no load shedding but that was hardly within Fortune's control.
Nitrokev. Unfortunately as we all know any figure is pure speculation. As pi's we don't even know the terms the backers or the legal team are on and both those figures will come out as a first cut. What is left can be attributed to the company. All we do know is that BT has made clear the settlement figure will be fair to PI's and hence that is what we have to rely on. His future in effect is also at stake depending on the settlement, all that gives me comfort.
Ideas. Thank you for rewriting the RNS in plain English. I don't disagree save to say I think we will see the ESIA within 6 months, and whilst that will cause overall delay it will be nothing like the delay in getting the ESIA as other progress is being made all the time. We might even be pleasantly surprised as Graham having been bitten by his "imminent" once should have been more cautious in his use of language.
Whilst it is Friday, there have been less than £10k's worth of buys/sells by 11.00 a.m. this morning. This is a pathetic volume and just shows that as yet prospective new pi's are not convinced of the future. As I have said before this will definitely take some actual strong financials to make pi's realise where BMN is heading. Pi's as a whole in my experience are generally far too early into a share or far too late, they rarely get it right. Myself included as I fall into the "too early" camp thinking things will happen quicker than they actually do, something that happens all the time with mining explorers.
My view is that by this time next year there will be a half decent settlement, BUT this BB will argue for ages as to whether it could have been better citing all sorts of legal precedent. At the end of the day it is a commercial judgement. Remember the lawyers will also have to be happy as they will get their slice accordingly. Therefore the deal whatever it is has to satisfy the BOD and the lawyers, (and of course Samsung) hence it will not be the highest number one first thought of, and therefore many folk will be unhappy. Too much greed, too little realism. Remember a bird in the hand.
Certainly an interesting bit of "news", FWIW those closest to the action namely the polish market thought it was worth the rise and is indicative of a possible positive outcome. I have stayed long here for a long time and hopefully one day will be vindicated.
EML is not the only company that has been waiting ages for it's ESIA, with ever more delays. By way of example Savannah Resources has been waiting ages for its ESIA, longer I think than EML, and that is in Portugal part of the EU, and I can name others. Nobody in government administration wants to offend anybody and there will always be objectors to the issue of the ESIA, and the easiest course is to do nothing. I actually believe that Graham and his advisers are highly experienced, much more so than many of the SH's spouting on this board. The issue of communication crops up time and time again with AIM companies. More often than not those that communicate the most actually do the least. An investor can always sell and try their luck elsewhere, most in that camp need to distinguish between investment and gambling. Investment is a long term option. Ask the Japanese.
Testpack, clearly the delay is frustrating but it is less than 3 months since Graham Clarke said "... Although these approvals have been taking longer than we had originally anticipated the Moroccan authorities have assured us of their support for the project..." To my mind that is a pretty strong statement although I admit it does not deal with the "when" question. I too would like a substantive update.
Thanks BoNidel for sharing. I've read the Nasdaq stuff. What I have a degree of difficulty with is understanding how a clinical diagnostics company only has 4 employees. Any suggestions?
This at least buys us a bit of time.
Good post Lindon, certainly with the speed of technology development on the battery side, one wonders just how soon technology will have advanced to enable VRFB's to be used instead of lithium for EV production. Sometimes these things advance extremely quickly ,especially if the Chinese think it is a possibility
Given that we know that BMN is getting stronger all the time and that we will see new income streams very shortly now, the flat sp merely means that the rise when it comes will be steeper and longer, as there will be that much further for the sp to catch up. Whilst frustrating I am not in the least bothered.
Whilst this interview doesn't say very much, Anthony Viljoen, even seems to imply that Lithium will be bigger than tin next year for ATM, which further explains the name change. He wasn't actually clear whether he was talking in value or volume