Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
So what? where is the price appreciation?
you sound like a ramper.
where's the beef?
So when will it show up in the price of so strong?
IPO still down for the day.
Strong buying?
You read people touting a move to a US listing as the solution to all problems. Liquidity is better and there is multiple expansion. The multiple expansion will come and bite where it hurts when the inevitable contraction happens and the liquidity acts in both directions.
Better for TRX to stay where it is and wait and let it work itself out and for the patient to buy at bargain prices.
36 months from the bottom wherever that is.
60-70p bottom is my guess
Except for the time taken for any of that to show through. Risk/reward looks low but no use if you have to park money for a long time with no return.
Risk/reward low, opportunity cost high.
Big discount to NAV means no rush to buy. The discount won't close over night and a good idea to wait for confirmation it is closing before jumping in with the risk of another 6 months+ in the doldrums. If you miss the first 10% of a turn-around it's noise. Until then you can make 10% elsewhere in my opinion.
The trap is focusing on discount to NAV expecting it to start to close just because you bought. The market doesn't care that you own this or anything else. It's a gamble with an unknowable delay to be proven right and in the meantime life goes on and other opportunities float past the window.
All jam tomorrow and a big discount for good reason. Buy and wait and meanwhile other opportunities sail by. Do you know how much this has to rise just to compensate for inflation since it was last 2x the current price plus capital loss. Avoid until proven it can gain some momentum unless you don't care about a return on your money and can wait and wait and wait.
Have bought in at some reasonable volume over a period of time. Looks ripe for recovery at last.
SJ - look over the glassdoor for portfolio companies. Layoffs etc. I hope people took the opportunity to exit on the recent sp strength. Don't shoot the messenger but sub £2 possible.
IPO wasted money on that waffle.
Deflationary but = deflationary bust.
Everyone talks inflation and it is there but not even in all areas. Similarly, few talk deflation, but it is there and not even in all areas. GROW and others like it are symptoms of a deflationary but where the value of money in that segment rises and the price of GROW and others falls.
There is every chance it will become so unhinged you will not believe it. Posted that before and still believe it. Not bottomed yet in my opinion. Still some blood to squeeze out of it. After there will be a recovery but don't imagine a recovery like in the past as there will be so many bargains to choose from.
All the froth will be blown away. Think 2001 and how long that took to recover from.
Exxon buying Pioneer indicates a new future for shale and there is more new money and consolidation to come and more directional drilling needs and more technology. Chevron will be left in the dust and won't like that.
I wish you well but until the Bond market turns I don't see this going anywhere very useful. Forget discount to NAV, it makes no difference with the current money flows. If stress increases this can fall even further. It's already lower than many here would have expected, it can go lower still. It's no joke, not funny, but very possible.
Still hanging around this? Didn't they tell everyone there would be little shareholder return as they focus on debt or was I dreaming?
SoftBank has learnt some lessons the hard way, I can't see them wanting to gamble on Graphcore.
Just watch what happens when rates roll-over after such increases, reduced rates will not be "tweaks". The authorities are always behind the curve and something will have broken by the time they act, rates will fall to compensate but too late. Study what happens to markets on the first rate cut after such a run-up. Not pretty, bubble will have burst.
My guesstimate - they only cut after a 20-30% SPDR fall and the first cut will add another 10% to the downside. 30%-40% down. When? I don't know but could have just started.
Read my posts - they are not spam.
None of us know everything, some know they don't know, some don't care to know, others know more than others think they know.
A lost decade - very possible - made up of periods of major upside volatility only to be slammed back down again. History is important and we have been through the 60's and now back in the 70's. Not exactly the same but very similar and it will last another 6-9 years in my opinion. Up and down, bouts of inflation, union unrest. Towards the end you will be shocked by the after inflation valuations of the likes of GROW, if it doesn't go private first.
What we are going through now is a pre-event tremor. As soon as rates are cut for the first time expect a major downdraught that takes everything with it. Buy then if you have the cash.
Good luck here, it's more a trade when it turns than an investment. It's too sensitive to external macro factors management cannot control or allow for. Little they can do except be blown around and shareholders with them.