Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Erm, what rns were you reading? Good step but no point ramping - deals are the important thing.
And thats the worry.
People will point to the AUM value of £15m, yet how much revenue is that? 2 percent isnt going to make amy of us rich, it wont even cover our costs. Surely we should be getting many contracts. Simple question is why others arent on board, and that to me suggests an issue.
The fact that they wont reply honestly to people is also a flag. But I dont want chat, I want simple actions. They talked about next fiscal year being prosperous but they say that every year.
They have had time. We need an honest roadmap because at the moment its all waft and investing isnt about letting time go by without returns.
Have I missed something fundamentally unachievable with their business model?
The issue for me is still no deals being announced. Why not? If it was that great and unique surely we should be announcing many contracts? And yet 2 years on now... still not a lot.
It is also not helpful people suggesting many many bags when that is based purely on hopeful words of bod - not fact. We have also seen yet again a slide to 1p
Yes but March isnt that far away. Im trying to be optimistic but the facts are nothing fundamental has really been delivered, and my worry is why are the contracts taking so long? Is it fundamentally workable what they are trying to do? Are they being told "not interested" ? Yes things take time but we are now years into this and im not seeing vast amounts of progress. Being told next fiscal year is only good if they deliver.
If the update is more jam tomorrow this will hit 1p again. However let us hope something is announced to get nearer my 3p average!
And that is why this will now drop.
No numbers, nothing on deals, and I cant see anything announced in December. Also is this appointment to raise funds (placement!) Because that is what normally happens. Someone with 7 years experience in investment banking means nothing (I have 15). Looks like can kicking.
To think I was buying this in the 4s... still hopeful but not seeing any decent numbers or more importantly, profit.
Apologies, it acts like an aim share but it is main market. That said delay in news not normally positive but want algw to start doing what they said. No chance of 100m mcap in 2 years at this rate.
im concerned at the falls and lack of update. Always not good in aim. Problem is if no real news what will that do to share price? And if that is the case, why hasnt anything happened in months.
But this fiscal year could mean summer next year. Hopefully sooner but this rubbish about update being soon is what happened last year, and still waiting now! The lack of update I do NOT take as positive, though I am still bullish on the stock.
Just out of interest, why are you valuing this as multiples of current? Assets under management gets them fees of what, 2percent? So currently its over valued if anything, but the extra is on the hybrid deal. Make no mistake, no hybrid no boom times and it doesnt look a sure deal.
5 bag in 5 weeks?! Unlikely, and the next update needs to start painting a materially different picture. The hybrid deal still isnt announced a year later - and nothing takes that long to decide.
Im not expecting any news until next year. December VERY unlikely as it is silly season and most corporates like to be partying. That said gives me couple of months to buy more.
There is a world of difference between the company being a scam (aka Angus Energy) and investors getting ahead of themselves - albeit through enthusiasm or duping other investors. However, I don't see anything untoward just yet other than timelines being extended. Bit different if this was being diluted each quarter but it looks a pretty tight ship.
Potentially could be life changing, though it could also fail. Why it is taking this long to announce a deal doesn't fill me with joy as havent made any concrete gains for months, and it doesn't bode well when the word "soon" is used and then nothing appears. **** poor so far.
Yes but Brockham is star wars.
Seriously how can any of you trust anything they say? Toxic stock
Yep he sold.
Why is he buying when he has a director loan to repay? There is a deal at balcombe. These guys are crooks hence legal challenge.
Sorry to say, news isnt due just yet (though shortly), the trades dont justify the rise. There is also a risk that no deals will be done because there hasnt been any yet (and have to ask why not).
Flipside, the team is strong on paper, dilution is minimal, potential is huge but always is.
I still hold all my shares albeit im on a 3p average. Need to deliver - no one can say this sparkles yet. Glad to see a rise but need more than rumours now.
But what is the debt?
Looks like too much risk which is a shame given the product (I have one). Simba deal would make sense in uncertain times. Need to cut the debt to survive.
I think they saw past bullshit. Why no rush for application? Same old.
Happy days?
Are people sharing funny cigarettes in here today?
Funny how no one wants to discuss the video.... Very odd. People don't mind directors breaking the law?