Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Yes, can only mean someone is trying to buy a lot of stock cheap - possibly a takeover. This is the sort of thing regulators should be watching out for. But they are useless at best and possibly just as corrupt as the shorters who are regularly destroying UK businesses.
The usual drag is impacting this share - it should be well over 110p today. The big difference this time round is the dividend and xd date on 31st May! The game players can't really beat that new and huge help in driving the price to a more sensible place.
Not quite, but I think we all know what you mean. The 4.5p is the dividend for the whole of FY24 so is about 4% currently. The interim will be included as part of the div for FY25 so hopefully will be 2 - 2.5p payable late 2024 with a final div payable about next June (2025). Hopefully about 4p so total of 6 - 6.5p for FY25. Maybe a bit more. If company is growing and still paying a 4 - 6% div yield then there is ample room for share price being 150p plus. Happy days!
According to some sources (I don't have access) Liberum released a Buy recommendation with a target price over 170p. While they are not quite independent and have been pushing CF for ages this would be a big increased in their previous target price. Also, I believe there have been some purchases from members of the BoD.
I cannot see any reason why dividends aren't effectively accruing from 1st Feb this year. The dividend policy was mentioned a while back and the financial conditions clearly support reinstatement of the dividend. It would be odd not to mention this in the statement accompanying the year end by way of confirmation, which normally also gives brief information about the current year in progress as well.
Dividend, reducing debt, positive trading updates and adherence to growth targets with further relationships and progress towards the omnidirectional sales should encourage a PE of more that 6... Of course, we need to see how closely CF is delivering on this.