Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
As you say there are possibly benefits from a weaker pound and the majority of their revenue being earned outside of the UK (on the assumption the pound stays weakened). One consideration I’m sure they would need to work through is any tax implications once their HO is outside of the EU, regarding earnings from an EU member state. Hard to know without detailed research how and where they pay tax currently, but any “agreement” on this would be less likely to hold once Brexit is fully implemented.
Depends if HMRC send me unexpected hate mail tbh :-)
Personally think it’s holding up rather well today considering. Interesting to see how the day will end.
You get the sense with NEX that they prefer to be very prudent and careful with their messaging and then over-deliver. Bodes well, and suspect they have saved some in the tank, for the October update. A reassuring day for us all!
Personally I think a very wise move. Ok it’s not at it’s rock bottom, but you only have to look at the graphs of SP movement, since the start of the year, to see we are really debating very small movements in overall context (when we debate 111 vs 130 etc) of where this SP usually sits.
Naturally as someone else has said no one knows of course... but if I was guessing a means of vaccine or significant covid mitigation by Q2 21. I would guess this.... 250+ Q4 21. 325+ Q4 22. Rising steadily thereafter. Let’s see what others guess ;-) Of course totally speculative!
Well last Persimmon CEO got a £75m bonus which is a little excessive ;-) From memory it was more a reflection of change in government housing policies that drove it rather than his actual performance/contribution so went down like a lead balloon. Was in his contract though so I guess you could say fair play!
Admit I bought a load of these too early, and in tranches, though all sub-180. I went back and forth on whether to invest a lot more and eventually did commit at 116. At least that bottom lot is now starting to payback, and hopefully over time I’ll make a good profit. Certainly a brighter few days.
Agreed. If SP increases too fast all we seem to experience is short term holders, then offloading, and we sink right back. This is preferable for sure.
Very encouraging today so far given overall market context!
I hear you. All I would say is that there seems to be almost no active conversation on the numbers that will be killed by austerity that will undoubtedly follow. It will be impossible difficult to prove but we all know that a squeeze is coming. So, we lockdown again, and follow advice, building significant national debt and an inability to service future provisions such as health services, only to get a rather different wave of deaths, just postponed. My personal view would be to take a more pragmatic approach than at present. That would be to seek to spin up the economy using those least at risk, the under 50s (perhaps) and the least vulnerable. Divert as much financial support and choice to shield those that need it, should they wish to. I wholly accept that there are only imperfect solutions but to be fair the current stop-start approach is failing (partially for the reasons you highlight) and worse still is losing the support which is so essential to underpin it.
What will be interesting in the next few weeks is public reaction to new Covid measures. Anecdotally you can see across newspaper comment boards, social media etc that the government are fast losing support for new containment measures. There is an increasing view that it is not within governments gift to control Covid by strict measures but rather should simply be a framework of mitigation measures and education. I genuinely think they are heading for a fall on current path as most now prefer a “personal responsibility” approach. Bumpy few weeks ahead I suspect.
For NEX to broadly hold its own on a day where general markets/indices have struggled may be indicative of a more positive impending period. Fingers crossed!
I have mixed feelings. Right now it is clearly being outperformed even by general indices, which are notoriously unexciting. However, I can’t help but return to the fact NEX is grossly undervalued, and it simply has to turn at some point. Dividends, in this current climate, are to me, of almost no interest. I simply can’t worry about measly 3%, 5% sums when share prices could swing up and down 50% in a matter of weeks. Being blunt if I was worried about returns that small I probably wouldn’t bother investing. They are interesting, compounded, over maybe a decade. Other than that, dull ;-) I think investors are finding little to give them a sense of direction at the moment, hence we see so many share prices rise and fall, with almost no rationale.
Damn - nope not even a thruppence ;-)
A very finely balanced closing share price...Will we? Won’t we? ...make 30 pence today?
Interesting that First Group are struggling to hold on to today’s SP gain. Seems that whatever news arises related to specific transport companies, the impact is short lived and they are soon all bundled back into one big “at risk” pot. Hope NEX can break that trend soon.
NEX daily SP movements are like drunk sex - exciting at the off but ultimately anti-climatic :-)
Fingers crossed then - it’s not exciting enough for a stroke ;-)
Can only assume that investors can see little to provide any direction, positive or negative. All the while we still have no vaccine news that’s solid, lockdowns are still swaying in and out nationally and internationally, covid rates are up but deaths are way down. Presume as simple as “not a clue what to bet here!”.