Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I wonder how much of the action is down to a long time holder feeling like a guilty schoolchild not being able to resist the sweet of just a few more shares. It has happened to me a few times.
I have twice felt that I was going to be the last person ever to buy under 20p. I was, alas, wrong both times.
While I share everybody's frustration, I want to point out that the Australia drop is not really as severe as it looks. The price quote is the last sale, which happened to be a low-priced sale at 28 cents. The present sell price is 29 and the present buy price is 32. If we were looking at midpoints that, that is 30.5. I think the mid-point the day before was probably about 32. A drop but not precipitous.
I am not saying that this is not a rubbish price; I am just trying to put the rubbish in perspective.
While I share everybody's frustration, I want to point out that the Australia drop is not really as severe as it looks. The price quote is the last sale, which happened to be a low-priced sale at 28 cents. The present sell price is 29 and the present buy price is 32. If we were looking at midpoints that, that is 30.5. I think the mid-point the day before was probably about 32. A drop but not precipitous.
I am not saying that this is not a rubbish price; I am just trying to put the rubbish in perspective.
While I share everybody's frustration, I want to point out that the Australia drop is not really as severe as it looks. The price quote is the last sale, which happened to be a low-priced sale at 28 cents. The present sell price is 29 and the present buy price is 32. If we were looking at midpoints that, that is 30.5. I think the mid-point the day before was probably about 32. A drop but not precipitous.
I am not saying that this is not a rubbish price; I am just trying to put the rubbish in perspective.
I think the way it works is that 17.5 is the official price. If you paid less, it will count as a sell and if you paid more, it will count as a buy. My feeling for the last few days had been that the accurate price should be just above 17, rather than 17.5. Then we would have balanced buys and sells. But the buy at 18 seems to suggest that 17.5 might be right.
is this significant?:
The Directors of European Metals Holdings Limited ("European Metals" or "the
Company") (ASX and AIM: EMH) are pleased to announce the appointment of WH
Ireland Limited as Joint Broker to the Company.
To be consistent with my last post, the reported 2.38% up is really the difference between finishing on a sell on Friday and finishing on a buy today.
Having said that, it looked in the beginning of the trading day, that Aus would be falling. So it is encouraging to get back to 43.
If you took the 4.55% drop from hotcopper,: they report the last transaction as the current price (unlike here, where the price is usually the mean of the bid and ask price). The reported drop is based on the last trade, which was a sell at 42 cents, which was the bid price at the time. And of course, that was Friday.
Yesterday was a bit deflating, I admit, and it was not the first time we have had our hopes dashed. And of course we LTHs have been (somewhat) patiently waiting for news that will swing us back up to the now dizzying heights of 80p, the price at which some of us bought a chunk of our shares.
But is worth reflecting that the present SP is 33 1/3 percent higher than it was on 12 October, less than three weeks ago. I don't have many shares that have gone up a third of their value in the last three weeks. Would that I did. Indeed, many of my shares have had a pretty dire few weeks.
https://www.dw.com/en/wooing-tesla-eastern-germans-vie-for-elon-musks-attention/a-45952297
EM tweeting about Germany.
DW article points out: 'On top of that, the Czech Republic's huge lithium-rich area is a two-hour drive from Lusatia, which could be a strategic advantage for a GigaFactory dependent on steady lithium supplies.'
Speaking about the needs of an enormous chinese factory they way as in the works:
"In order to meet this sudden surge of demand, mining production...
For lithium needs to increase 158x -- from 43,000 tons to 6.8 million."
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take that as you will
https://www.reuters.com/article/us-czech-election/czech-pms-party-wins-municipal-elections-idUSKCN1MG0TC
The ANO seems to have done well. Another bad day for the CSSD. How do we read this? Is this good, bad, or indifferent?
Well into the paper loss camp. I am holding about a quarter of a milliion shares which doesn't sound like that much but about half of those were bought just before the pfs (at about 80p -- ouch). As I have written here before, we may, in the end, all be grateful to Babis for giving us a chance to buy more so cheaply. I have twice as much as I would have had without the fall. So in the long term,...
... for the fall that let us top up so cheaply. I have bought a few more both today and yesterday, having over the months picked up shares at perceived bottoms in the 50s, 40s, ... down to 17p. I now have many more shares (if less money) than I had just before the pfs. If we manage to get back up to pre-pfs prices, I will have done well. We may one day be toasting Babis with vintage champagne. On the other hand, we may stay at these levels and curse the czech government for evermore.