Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
6.8p would be nice just to break even.
It may also help you to know, that having met Alastair Smith on a number of occasions, I have found him to be a really genuine, nice guy who is also incredibly bright and a real shrewd cookie who has always had tremendous confidence in the future of the affimer technology. If you ever get the chance to meet him, do so, you will be impressed.
Can’t wait to hear what TW thinks about this.
At the moment Avacta’s market cap is around 40 million and the sp is 21p. There is the possibility that within 2-3 years the market cap could be £1 billion which if I am not mistaken would mean the sp could be around £6. (Please correct me if I am wrong and I probably am). If The in vivo trials are a success and there is very little competition around, then the sky is the limit, so a few pence either way with the sp can make a difference if you are buying many thousands of shares, but a few thousand, you may as well buy now because news is likely at any time and even with the corona virus worries, the sp could still react favourably on good news. As per usual, the near term future is anyone’s guess so it’s up to you when to buy, but this is going to be a huge company in the not too distant future.
What a useless bunch of crud this company has been. I’m 97.52 % down and now I will have 80 shares which will be worth zilch. Another lifestyle company. I suppose there will be a placing after this and so rinse and repeat.
PERE, having gone through various name changes and a consolidation, now leaves me the proud owner of six shares in this company and the sp is in decline. Why would anyone waste further funds on this complete dog?
Just a few things that I have learned in my 10 years in shares. You are here to make money so don’t feel any loyalty towards a company or its bod. Very few micro caps actually make it to the big time. You must take profits, so if you cannot see what is holding a share price up, take profits. Don’t be afraid to take losses, it’s an important part of investing. It is much better to invest in shares where the sp has been climbing steadily and your research shows a genuinely bright future. My largest holding is now AVACTA which I have been following for about nine years, it fits all my criteria.GL.
The Market Makers determine the share price and it is moved up and down to rob you of as much money as possible. For instance, a treeshake, the price plummets to trigger stoplosses and to scare the unwary into thinking there's a problem and selling. The price will go up if the MMs think there will be heavy buying, ie after an RNS, or there could be heavy buying for whatever reason in which case they will put the price up. If there's a sudden price rise first thing in the morning, I have found it impossible to sell and I think that electronic traders may be locked out until the price receeds, although I may well be wrong there. There are many other reasons for sp movement which I don't understand, but be rest assured, you are battling the MMs all the time.
Purely for your information, If you want a bit of excitement and a share to trade, try ITM Power. It's up and down like a yoyo. However, at this point in time, I am just letting the problems blow over and let shares like ORPH do the business afterwards. Very good news this morning.
Thanks for that 99. Comparing that interview with the outlook from TW, one can't help but wonder what the real situation is. As a LTH of VRS, I hope that NR is being up front and that the business will progress as he has suggested.
Is this the ray of sunshine that we so desperately need at the moment? I certainly hope so.
I think that it is feet back on the ground time again and the sp is probably where it should be. It’s been a shame to see all that profit dwindle away, but it has been a good lesson in investing for me. We watch and wait.
I felt that NR had just come back from the headmasters office having been told to behave himself and act his age. By that I mean he’s either recovering from burnout, or he has been reprimanded for reporting too much too soon and giving the impression of “any day now” rather than “some time in the future”. I also feel that he may well be feeling somewhat of a letdown having seen the sp fall from £1.8 to where it is now, that must hurt. Just my opinion.
I have been following Avacta for ten years now and this is certainly is the most promising position I have ever seen this share in. Consequently I am buying back in for the long term, so I wouldn’t make any predictions on the future sp, but I am thinking that the will rise steadily until the clinical trials are completed, and if successful, the sky is the limit.
Has just ordered a £500mil hydrogen powered super yacht. Quite an endorsement.
That won’t do a lot of good.
Thanks Robin. Good to know.
Ups and downs I’m ok with, but a down of £52k profit I’m finding difficult to swallow. It won’t happen again.
I have to eat my words and admit that “AJ”from investors chronicle was right. This was a sell at £1.20 and my wife was correct when she suggested that I take some profit at £1.80. So will I learn from my mistakes? I certainly hope so. In the last few months I have been trimming my VRS holding and investing elsewhere. One particular company, I have been watching for eleven years and it is only just growing legs, so these things take time. I am sure that VRS is destined for great things which is why I am still a holder, but the term LTH is not a badge that I will be wearing in future unless the sp is on a steady climb. I do think that the lack of news updates from NR is a little unusual, but I suppose that if there is nothing to report, so be it.
I am sorry to say that I have bestowed the kiss of death on AVCT late PM. I topped up, so expect the worst tomorrow.