Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
nyforever at the time of my post that is what it was showing. I did think it strange at the time as the market does not open until 8am.
Thanks. A lot of hurdles to leap then and when you put it so clearly i now have a much better understanding of why the SP is where it is.
Morning ericnat i wonder can you enlighten me please. Or just your opinion. Looking at my worst case scenario whereby the large tax claim goes against Sound, i assume Sound would appeal which would take up some time. A decision probably in the new year.
When will Sound start producing income ? Obviously we would need income to service any payment plan along with ongoing costs. Or do you think Sound will seek to dilute the share pool again with a raise? I seem to remember a post from PS2000 stating income will not be created until late 2023. I cannot see the ,Moroccan tax authorities allowing us to pay the debt (again if it becomes a debt) over a lengthy period more likely it will be two to three years. However, i have to add i am not party to how they work or their rules. Finally as i said this is my worst case scenario and it might not come to this. hopefully not. Hope my grammar is up to scratch.
Correct gregpeck7 but more importantly look what the market thinks. Down 10.71% to .25. Shocking . Not to worry the BOD will get their pay.
Oh my God i have to be careful the 6 foot 3 inch bullyboy know it all has spoken. I wont sleep tonight.
Totally agree with you Ericnat. Paying this debt, if it becomes a debt will not be a problem but as you say they have to be able to get the Moroccan tax authorities to agree. As long as Sound can show that the proposed payment plan along with other debts is serviceable i think it will be ok.
Smithfields normally at this time i would resort to type and point out what a complete idiot you are. However, as ericnat has pointed out your errors in a much kinder and civilised fashion i`ll do as he has with him. Smithfields your wrong.
Hi BaDA not sure what you based that on but no sooner had you said it the SP dropped 3.57% Now down to .27. I cannot for the life of me understand the hopefulness of some posters on this board. It can only be wishful thinking and the dread of telling the other half you have done your *******s. Production is dropping despite Uncle Bulgarias assurances it would rise. ` once these workovers are done production will be this and that` All cobblers. We are predominantly based in a country where inflation is raging we have huge debts, a total lack of openness from the BOD so please tell me what your optimism is based on. Betore you jump down my throat the SP is .27
Very well explained ericnat17 Lets hope that Smithfields now understands. I must say there are an awful lot of Moroccan tax experts on this board. I wonder if they are aware that tax laws or rules vary from country to country as does common law. They seem to be basing their judgements on HMRC which is rather laughable. I do not include you in this ericnat17 as you have obviously done your research which is commendable. To finish smithfields no you have not got it right you have it totally wrong. Have a good day
Ok got it. Both claims in my opinion would not proof fatal and would be a bearable burden if spread over a ten year period. As i think it was yourself suggested. That i agree but reading Woundlick`s recent post it brings all of the current problems Sound have into focus.
Joe Creed stated all African governments are crooked so i truly hope we have not invited our nemesis to lunch in the form of the Moroccan bank which has strong links to the powers to be in Morocco. Sound can still make it. We have the acreage the gas is there but do we have the time. Lets hope so. Fingers and toes crossed.
Classic Ramble classic
Ericnat i thought Sound were waiting for the post tribunal reasons for their challenge to the ruling being declined. They cannot give a reason or appeal until that has been received. There see how nice i can be
KTF for us Moroccan goat herders Sunday is just another day. Sorry if Sunday posts offend your beliefs. Is this your job monitoring posts on a conversation board. I thought by the way you boast you had some high powered job in the city or owned your own company like myself. Goat Herders Ltd. I hope i have used your correctly there otherwise the big bad 6foot 3 inch man will be annoyed and castigate me. I think he thought that information would frighten me.
Sorry tincan. I just could not help myself this morning but i will try extra hard to refrain from these sort of posts in the future. I do know that a lot of people have a lot to gain or lose here. If it`s any consolation bearing in mind i`m no expert i do think there will be a happy ending but not to the extent some people are predicting
No too is correct on this occassion. YOU ARE wrong
Not sure why your worried KTF has already told us that Sound have TAX EXPERTS who will sort this out for the company. These are not the same experts that lost the first case these are better experts Rodney.
Could it be that the Moroccan tax authority have let Sound win this one to save face with the Moroccan people only to allow the later appeal. If there is an appeal. That might keep the people happy and Sound investors happy Or could it be that they will pursue the claim to the bitter end knowing if they win this one the 22.5 million claim will be won as well. Then the bank can liquidate Sound take over operations and the Moroccan royal family indirectly will own 25% of Sound. As Joe Creed or Ericnat said all of the African regimes are crooked. Joe you are a nasty little man. Hopes this shows i am willing to learn (you are) Anyway enjoy your (hope this is correct) Sunday lunch all and don`t worry too much about the second scenario. Nice acquisition for the Alawi dynasty.
Wakeyinvestor not that we will ever meet but if we did and you would allow it i would shake your hand. You have my respect for your reply. Shame people like Joe Creed and KTF did not have the same strength of character to admit when they are wrong. He is now a mystic who knows i am not invested. Anyway i have no more to say on the subject of people with prejudices they have clearly shown themselves to be lowlifes.
I am pretty sure that the RNS stated that the reasons for for the verdict were not disclosed. However, wakeyinvestor you seem to know the grounds that the decision was based on. They have misunderstood the facts. If it was not so insulting it would be laughable. Ever watched the show why does everyone hate the English. Sharetrader , KTF and now another know it all.
Absolute bull. The 2 million is only part of the claim. Nothing to do with asking for more and dropping the claim. This guy along with KTF were the big mouths stating the claim was spurious. Funny it does not look so spurious now. There are other parts to the tax claim which are ongoing. It`s convenient for them to not mention that
Lets wait and see what Sounds tax experts come up with. They are so much cleverer than those poor Moroccan tax officials. I`m willing to bet the claim will be upheld. See what the two bigheads come up with then.
Just to educate you woke means alert to injustice in society especially racism
Your certainly not that. SP down over 11%
Exactly you do not care what other people think.