Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Interims due any day now, I suspect next week.
On another note, can all the bitter RMS holders just let it go already, it's getting really boring!
Some of the comments on here are laughable and seem to be coming from very inexperienced traders chasing rainbows.
Just reading through the board here I am now getting a better sense of why the SP has dropped in the last few days. It is clear that a few were invested in both RMS and BRH and are selling out of BRH (and possibly RMS as well which is also down) being influenced by all the drivel on Twitter etc...
Let me make one thing clear. BRH made investors a lot of money this year, and most importantly, it made BRH a lot of cash, now sitting on £18m+ with roughly £17m in profit mainly thanks to its investment and sale of phar2farm. For an investment company that had a mcap of just £3m at some point this year & around £1m in cash, that is almost surreal. Now that this profit has been realised, instead of applauding the CEO, bitter punters are panicking because the share price here has dropped 2,3,4,5% etc... and thus fulfilling a fear based self realised prophecy.
However, last year BRH released their half year report end of October. It is now almost end of November and we can assume this will soon be released very soon now. Having read through the last bits of updates in the last few RNS's there is clearly quite a lot happening with Paraytek and their potential to create a state of the art covid test, as well as many other tests for that matter, but Phasefocus looks to be just as promising if not more, already generating revenue in multiple continents.
Either could do what pharm2farm acheived for BRH or more in due course.
In addition, BRH also owns 80% of Kirkstall, once the jewel in the crown investment here and could still surprise many as they are involved in a fast growing sector. Sentinel and Gyro could also do well.
None of the above is priced in and even after tax, the cash held will still be more than the current market cap.
The half year update should give us an update on all of the above + an idea of what will be done with the war chest the BOD have amassed and with 25% held by Trevor personally, he is 100% aligned with shareholders when it comes to BRH and I am pretty sure a special dividend will be announced as well as a few investments, Paraytek most likely, maybe phasefocus and possibly a new company as well. These updates + new investments will turn sentiment here after all of the newbies have sold out and once they realise what they are missing out on, they will no doubt come back in droves at a much higher SP having chased rainbows elsewhere, successfully or not, the point is, in the end chasing rainbows tends to end up in tears in the long run.
To put it yet differently. Many shells on AIM trade at a premium to their cash balance, on nothing else but pure speculation almost always. Here we have 5 maturing investments and are trading at a significant discount to cash with important news be released any day, an opportunity rarely seen since I have started investing and trading in the market some 10 years ag
1. They may know things that we don't, it may not be as easy to that business that profitable
2. Peak speculation always carries a very high premium on the SP & market cap. which is seldom reached again once the reaility of manufacturing or releasing a product sets in, people are assuming xyz sales of marks at xyz prices, which are most likely inflated and forgetting in many circumstances up front costs need to be made... Never mind unforseeable issues
3. They are likely to have many investment opportunities lined up. Trevor has a lot of fingers in many pies...
4. They've done really well with RMS as WELL already, it's not like the company doesn't have a future now, but to think BRH didn't sell well at a mcap of tens of millions is ludicrous. Risk / reward, it was perfectly executed, well done Trevor!
5. I understand there will be a few disgruntled RMS shareholders and I can sympathise, but that does not change any of the above...
Is how low will they go, are they looking to sell all their shares and will another insti buy them from them sooner than later?
Plenty happening with the company so I guess volume will pick up sooner than later.
What a great time to be building a stake in this company. Worth a lot more basked on the RNS today and more to come. Miton is really giving them away here, I hope we get an updated holding RNS to confirm they have been selling today.
Lol, who is "They" smart a**
If you believed in your crystal ball, you should just short the indexes now...
Well, the upcoming Total drill in Namibia is sure to generate a lot of news & hype imo once underway, as it is set to be a world record drill at over 3,600 meters! I think it could start any day now...
https://www.upstreamonline.com/exploration/opinion-totals-southern-africa-bet-a-bright-spot-amid-exploration-gloom/2-1-867216
What I didn't realise is that they are hoping to strike Gas, do we know if our blocks 94 & 29 are likely to yield any gas?
Probably nothing more than we do...
Hoping to get an update post placing in the next 2/3 weeks & some TR1s following the buys last week & placing
Also, interesting to see some large buys coming through last week with 1x 1.5m & 2x 2m last week, that’s almost 1.5% of the shares post placing, so there is a good chance we get at least one TR1 shortly & hopefully whoever is busy building a position will continue to in the coming weeks.
« Just under £2m of cash »
From my perspective, the time to get in gbp, is probably nowish, as we are pretty much on placing level, market cap on circa £3m with just under £2m I believe (of course that will get used in the course of the 10 to 15 months), and with Total drilling coming up shortly & campaign to get a farm in partner under way.
Potential RNS with PEL 29 extension in the coming weeks (could go the other way but unlikely imo)
Potential update on operations post placing RNS
The above should help clear the placing overhang & start building back up in the run up to the drill & potential partnership that could land anytime during or after.
Wow, a rather positive response :-) Thought I'd never witness this :-)
In the mean time, over 5% of shares in issue have been traded since placing, I hope an update follows in the coming week or 2, that would help shift shares so that it has a chance to move up on positive news or in the build up to Total's drill.
Indeed! All about 94 is the way I see it as well!
Excellent stuff! Looks like someone is confident here! Hope we get a TR1 following the raise & possibly continued buying ??
1.5m buy went through on Sept 16th @ 0.925
Chunky buy quite a but above placing level, anyone here to claim that one? Wonder if he/she has more fire in the tank!
Why is 94 a no hoper?
As a previous poster suggested, there’s nothing for the Namibian government to gain by not granting an extension on 29 + GBP states they will still be conducting more work on it, hope to get an update on that soonish...
How much do the Directors get paid?
I see they've invested circa £30k, 2x £15k and circa £5-7k ?
The £30k one from Peter Taylor is reasonably chunky, he'll want to make this one work...
Sounds like they are banking it all on a farm in partner for 0094.
If they do get one however, the SP could reasonably shoot up to 2p or more and the company would then be well funded assuming many will be converting their warrants at that point.
Hopefully PEL029 gets extended as well though.
PEL 00094's license was extended as per the RNS on July 29th & that is the one they are looking to farm in correct?
Some more work needed on PEL 00029 which the placing will cover now, any idea when PEL 00029's licence is set to expire? Would assume it now gets extended as well, so looking forward to that RNS + Total's drills in the coming weeks & I would hope a general update from the company around that time as well. Certainly in a better position now than what was feared a few weeks back on here. Placing price not good for existing shareholders though but if they can get a farm in (certainly a few being agreed in Namibia atm), substantial gains to be made imo - DYOR
Looks like a bargain at the current SP level, strong business with a good balance sheet and profitable in the right sector selling essentials and regular RNS updates
Also, total bought v sold for the day is wrong, two transactions were clear buys shown as sells, real total should be £64k bought and £61k sold, yet we ended down by 3% and was NT to buy for large amounts most of the day... All the indications to show books are being rebalanced and orders being filled...