Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Daisan:- Got that, so my understanding is really as follows: The whole problem comes down to the lack of the six P principle lack of planning by the BOD! So going forward we now either sell as indicated by the departure of the Chairman at whatever price or go to the market for funding which would appear difficult. Having been here for a long time and my shares standing a couple of pence above current SP I think I shall stick, and see what happens. Your thoughts would be appreciated?
Daisan:- Thank you very much for your prompt and concise answers to my questions; Just one point, in view of the now situation can you tell me why the company does not have a right issue to raise the 3 million it says it needs?
Valency:- thanks for that, moving on; the situation is really confusing the company needs £500000 has bucket full of diamonds which current new loan is set against. So! 1; Why not sell diamonds? 2: What on earth started the fire sale? 3: Is the business under offer? 4: Why are PI selling?
Just filter the twerp complete waste of space!
Advance123:- Please tell me how you are so sure we are under offer? I was under the impression it was an open book at this time!
Valency:- thank you very much for this enlightening information, having been around DCP for a ling time I think I first invested when the tailings were being re-sorted and that was all top secret I had to contact PL to find out if the first lot had been sold and for how much. things have come a long way since then and i am very sorry that things are tough at present. I do not really want the business taken over even though it could probably recover some of my profit situation, most of my dealing is in oil and gas and my ISA is filled with med companies with a few insurers I was involved with Air Bus and Air Liquid until I found out that they were withholding 30% French tax from my dividends cheeky! I suppose I am a little romantic about the diamonds foolish but there you go. I have no doubt that my small holding is secure against such large assets so am pretty relaxed about things, what is you real take on the situation will we get sold or is it a storm in a tea cup?
Daison:- your comment is a classic certainly made me laugh lots; are you really sure something is brewing i mean certain? My take:- getting hold of half a million quid is not the problem the real problem is PL a gentleman at time like this you really need an utter bastard holding the reins the dust will settle the SP will rise a little someone may come up with an offer, that will have to be good enough to get past players like L & G, on the other hand we may discover a brilliant 200c flawless diamond next week who knows; what I do know I will not be selling until this is played out
Thank you for this information and opinion as stated I have not even looked at this share until last week just left it in a draw for a rainy day bit lax of me really still other things to do. I cannot for the life of me understand why £500 thousand became such a problem and still appears to be with such big players with skin in the game? Please enlighten me?
sortapundit:- please accept my apologies it is not my intention to be either rude or to ridicule genuine posters, first off my position here is still a small one and I understand many people are worried, I have been in and out of DCP quite a lot over the years really using them as a banker share and have experience of dealing direct with Paul Loudon who is a gentleman in my opinion. After all the initial work with the tailings the first and at that time only source of income, things moved on so did I leaving about 100 thousand shares for the future. Perhaps I have miss read the last few RNS which I believed were an accelerated book building exercise by the company to raise money, if not why would big Players like L & G and others bother to get involved in a company on the rocks. I feel sure that with this type of up front support PL would have little or no trouble raising money should the business need it? The sort of posters who to quote (RNS just landed) and a previous of no quote at all just a header leave me stunned! now outdated lists that have been copied and pasted from early on offer nothing either. Talking of boats I live most of my time on my Yacht in the south of France and certainly need all the money I have to keep it all going and afloat. To get really to the point do you think the business is going to be taken over or merged if so with whom I am in the dark, I am not so sure this is going to happen, please give me a second chance I certainly meant no offence just surprised at the lack of fighting spirit on the board; awaiting yours and any other replies.
What is it with posters here surely there is more to add than the bleeding obvious everyone can now see the RNS how about a comment on them the list complied by share12345 is out of date and the last two comments by mannan involved certainly less than 0000001% of cerebellum; surely there is a story here somewhere, Yes?
Yes and another major joins the fray; how many more of the above will invest, this is incredible; what support there must be a lot more here than meets the eye
Yet another joins the fray, there is no way this business is going to be either allowed to fold or get sold on the cheap; no way whatsoever I am just amazed just how well DCP is thought of by the above. As I said the tune is move on up!
What do you mean the price is everywhere is it a case of they seek it here they seek it there or has it just disappeared altogether. ((Puerile). alligin:- what short term funding we have funding LEGAL AND GENERAL plus others, come on everyone I know it has been a shock in sleepy hollow but please show a little backbone, if you do not like the heat get out of the Kitchen. The day is saved tomorrow is another story Louden needs to toughen up the phrase (in GOD we trust everyone else we special their cash. The price is not (everywhere it is slowly moving up!
Do not let the mm's sucker punch you; your money is still there until you have sold once you sold the mould is set read the NEWS we are back in the saddle!
There you go the song for today MOVE ON UP!!!!!!!!!!!!!!!!!!!!
Money and reputation have now been bolstered by a few well heeled friends from a real big boy on the block Legal and General this has now changed the whole ethos of the situation and at the very least having the cavalry charging to the rescue will give Loudon some space and time to re-arm himself all he has been guilty of is being a little too much of a gentleman; in a world of SPIV'S AND LOUTS. Anyone SELLING in panic will soon become aware that it was not the thing to do as this company will gradually move back up over the next few days, on the achieving good production and with DIAMOND prices likely to go through the roof by 2018 all looks very different today.
SP on the rise again today this company has changed from fools gold to the real thing no doubt it will make somewhere near to 25p by Christmas the dynamics have changed completely and if the current major shareholder is or was thinking of taking this private then it has become a long winded process he also suffers a conflict of interest so would have to be seen as squeaky clean in any future transactions; perhaps he is contented to let it run. A similar situation a few years ago was when consort medical wanted to buy Advance Medical Solutions, it failed to transpire and AMS is now trading about 230p, from 50p.