Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
MH- you say people log on see SP down bla bla. But when we have a day where we go up the board is full of people saying great day onwards and upwards, and rightly so. Yet you don’t come on and say come on guys look at the bigger picture.
Can you see why people get annoyed at the one rule for one viewpoint and not the other?
I tend to ignore people who are too extreme either way. If someone posts 50 times and only thing they’ve posted is over the top everything is fine then I ignore them because there are questions to be asked. I also ignore people who post 50 times with nothing at all but negativity, as there is plenty of things to be positive about over the next few months.
Also, for the last year or two we have been told that delays in announcements like the FS and DTM etc were solely to increase the value and optimise the outcomes. Does anyone believe this now that it turns out Newmont are most likely to divest?
And people saying he shouldn’t produce our own MRE because it will be expensive. It has been promised to shareholders so it needs to be produced whether it costs loads or not. You can’t keep lying to shareholders then just turn around a few months later and say sorry not doing that anymore, he knew how expensive it would be when he said he was going to do it. Im pretty sure he knew Newcrest were not going to produce an updated MRE yet didn’t inform us.
Shareholders starting to trust him again and him regaining some credibility is worth more than whatever the financial cost is.
Funny how tig gets told to stop repeating himself and move on, yet there are others who post the same thing worded differently 20/30 times a day, and they get applauded because they say we will soon be on the up.
I agree we will be on our way back up soon but understand why most are frustrated.
Droverman - I understand that but what investors are looking for doesn’t always come into play when the big boys are making a deal. And you can’t really say that you suspect there is over 50 million ounces of gold down there because there is no evidence of that at all. I hope it does end up 50 million and we get bought out for £2 a share, it’s just not likely to happen.
An awful lot of LTH have an average of less than 2p, myself included, so I wouldn’t be crying myself to sleep with a return of 24p. Obviously the higher the better. I appreciate everyone has different opinions. Good luck.
Of course SD would have to inform investors if a bid of 12p came in, it is pretty much double the current SP. They wont make that bid anyway and if they did it would be welcome because as others have said it would be rejected and at least put a floor of 12p on the SP.
People need to get real with their predictions, I seen the other day someone say they wouldn’t even consider 50p a share haha. If they put an offer in for 25p I think it would tempt a lot of people.
You will get people say that’s not enough because they bought in at 30p+, but I don’t think billion pound deals really care about a few small time private investors that got spiked. It has the potential to get to 50p in a few years time with patience and a bit of luck.
GLA
MH- Good post, I appreciated it at least. I agree nothing gets any attention on here except for the constant arguments. I hardly check in here anymore because of it, look in about once a week and see that it’s just toffers and culpepper replying to every single post whether the conversation involves them or not. I presume many others are now in the same boat as me and don’t bother.
Ah well confident enough in my investment that I don’t need to read every day but do miss the old days when people could actually discuss the pros and cons of the company. GLA.
Where does this come from when people say they don’t care what the SP is at the minute? Surely everyone here invests to make a profit and the sooner the better. So yes it does matter when the news comes out to some people.
I am in for the long haul and been in for 5 years and not looking to sell for 5 years + if that’s what it takes but some people will want to withdraw their investment sooner than that. Obviously everyone here wishes they’d withdrawn a few years ago, invested in other opportunities and came back here now while the SP is so low.
Also, if you, like me believe he knew a while back that it would not be updated last night, is that not price sensitive information which we should have been informed about? He needs to get out in front of information that he knows the market will react badly to.
Ace - I have answered your question, but again I am not saying it has been ‘recorded’ otherwise it wouldn’t be speculation, that is how opinions work mate. And it’s not gossip we were on a run to 9p then there was a supposed leak that he was planning a raise which he didn’t confirm or deny. He could have just said no plans at present for a raise but if we do it will be above 9p, then the market would have settled and stayed at 9p+.
You can’t just shout people down if you don’t like their take on the situation. I still think SD will get us where we want which is 20p+ when we are producing and have revenue. I just think that he wants to take powerful investors on that ride with him so in the future we don’t have to worry so much about swinging SP.
Ace- I said ‘if’ so speculation just like you constantly do. But do you really think potential buying institutions have not got more information than we do?
You could always answer my other points of why he hasn’t prepared for this outcome when he surely knew? You don’t think he was sat there last night waiting for the announcement?
Every time we move up a few percent something conveniently gets released and we slide back. He has known full well NCM would not update the MRE last night so why didn’t he have our own one ready to go within a couple of weeks? Surely he asked them a number of weeks/months ago if it was being released, and if they said no surely he was obliged to update shareholders straight away?
People saying the SP doesn’t make a difference for ASX listing. It does if he has promised people there will be a raise around the 7p mark and it’s taking longer to complete the listing than first thought. Not going to look good on him if we are at 11/12p and he raises at 7p is it?
LA - I am not sure on a date to expect it by because as you say SD is often vague about dates. I am surprised that we haven’t been given a concrete latest date for certain milestones by now with us being so close to production. If Newcrest are obliged to carry on the day to day running as normal then don’t see any reason for it to be delayed. I would like the FS and DTM before the takeover is complete.
Surely if we don’t hit certain milestones by x date then it will cause delay to first production?
Hi Bottle - Again, the point in the post was that no one would begrudge dilution if it was to purchase something that provided cash flow. I don’t expect delays to the updated MRE either, that’s why I didn’t mention it. However, you can’t tell me there aren’t any investors who are concerned about possible delays to getting to production as a result of the NCM takeover compared to beforehand.
To clarify I’m convinced we are still heading in the right direction overall and this time next year the SP will be a lot higher once we are in production.
Hi Timber - not quite sure what you’re replying to, I agree we should at least get the updated MRE in August and I think it is going to be a good one. However I don’t think that’s the most important update at the moment, the big catalyst will be FS and DTM which we can’t afford to be delayed.