A bit like you…… |
Gimmeabraincell.
They had the big four core projects of which they had been incubating.
All these small companies have projects that are generally early stage.
The gamble is they may find something.
Or not.
Which bit of that do you not comprehend?
It’s quite simple. |
Any of these little companies can do well... or not.
It is an individual's own choice which they decide upon.
IMO |
Call it as you like
Sale has shafted holders now due to his incompetence
And managed to keep a seat on the transatlantic gravy train for another year
The man is an utter Baffoon |
What have PALM exactly managed soulsauce, not having a go at them, but surely they are now out of cash and need a raise to progress, same across the board a raft of junior exploration stocks I follow.
If PALM need say £800k that will be likely 25%-35% dilution, if they then needed another £800k six months later another 25-35% and so on....
I see gimme'no idea' theloot does not profess to a sensible reply to Bigegos post. |
Better strategy at 1.7p a share 🤣🤣🤣. Too little too late!! |
Like I say bigego Palm have managed it 🤷a94;️ take a look at their strategy. |
79th Group certainly look to bring a whole new reach for FCM
hxxps://the79thgroup.co.uk/about-us/ |
AIM and especially main list at these levels are nigh on impossible.
A main list company can only raise 20% of the shares in issue in a rolling 12 months, if you go for more like FCM you need a prospectus or you are at £2m mcap stuck to £400,000 max for 12 months.
How can you explore and run a PLC for £400,000 you cannot.
So you need a prospectus then, what do they cost, guessing £200,000 so if you then only raise £500,000 nigh on 50% is in fees when you consider brokers are at 6-9%.
This 79th deal without broker fees and on the back of a prospectus makes a lot of sense.
Yes I am sure the company hoped for a higher price and I suspect looking back they had been waiting like you say for a market improvement.
That's not happened so the only other option is death by a thousand cuts.
If anyone else could think of what a better strategy is now from here (in the real world, not fantasy) lets throw the ideas around. |
Soulsauce good points but I reckon by the time PALM raise another £2m+ they will have a similar amount of dilution to FCM. The market is just not there in London anymore to raise decent amounts that satisfies the current need and a bit extra.
Problem is raise £500k and everyone knows another raise is coming, so no matter how successful you are using that money the market doesn't reward you.
PALM have 'flitted' around, graphite, gold in new claims, got rid of 'flagships' etc and now back in the Hemlo area.
I expect after their recent drill the coffers will be empty and then what next?
These markets are exceptionally hard and spending no money means you go backwards and spending money with success can you get going further backwards even!
At least here now a roadmap appears to be forming. |
A captain who does not know where he wants to sail, there is no wind on Earth that will bring him there. |
 Well right up to a point bigego.
But Fcm didn't read the market and kept diluting and spending at ever lower levels instead of taking a more careful path given the market conditions. I can only think they were betting on the market improving but ultimately it didn't and hasn't yet.
Compare and contrast to what the Ceo of Palm has done in the same jurisdiction and has been in operation longer. They managed to keep shares in issue to around 100m (just over 4m Post consultation) whilst still carrying out some exploration.
Some of the dilution and spend has been puzzling at Fcm and one could argue it has been rash and more than a tad cavalier given the market conditions and there has seemingly been little care for original shareholders who are unlikely to see a return having given so much away for 1.7p.
That said for those in at this or around this price should see a return, especially as 79th grp will hopefully make sure money is spent more wisely.
So I can well understand the angst by some posters. |
Chutes, yawn………… |
Gimmetheloot right at last. The market being so poor was directing the ship and would continue to do so if they hadn’t found this plan |
Has Sale just secured a seat on the gravy train for another year
Freeloading chancer who has sold us off for <2p |
How did the ship navigate into troubled waters? It wasn’t the board directing the ship 🤡
Just look at the chart and look and you have your answer!! |
I do agree with Dorset, this will be a very good medium term and long term investment from here.
But who brought the 79th Group to the table? Did they just arrive and do the deal themselves. No the current board agreed it and put in place so they must take credit for navigating the ship out of troubled waters in what was and will remain the worse London Markets for companies of this type you will ever see.
If you cant acknowledge that you are one deluded mofo |
The issue of the share price making him a good/bad CEO is utter nonsense. In this industry which is a gamble, you can be the most competent in the world and still never achieve discovery success of an economical project.
Share price is also a factor that is quite out of control for most of these companies, its the London market that is broken not the company nor the CEOs ability.
Was he a good CEO for six months when the share price was riding high and then became a bad one when the share price went down?
The company has made significant progress since IPO and now holds the backing of a big player.
Lot to look forward too here. No matter what the agenda driven trolls who are likely ex employees or contractors they have binned off. No sane person posts with the agenda focus like some of the trolls here. |
That does look interesting and only reinforces what FCM have themselves. From 1.8p, I think this is a very worthwhile medium term investment for me albeit my average is just about where we are now. |
Dorset you should also look at what Palm are doing close by. |
Personally I think you are talking, to a degree, absolute nonsense.He was, given the share price performance a useless CEO but on that note, I'm coming from a slightly different angle of looking forward instead of in the past, as I've only recently bought in.Previously he was CEO of 'his own' company and made decisions through his board and ultimately had the overall sway of those. Now, and withthe 79th group now being overall owners of the company, he now has people to report to and of whom have paid £m's to be in that position. Do you honestly believe they won't oversee what he is doing, how he plans to spend their money and as to what, if any, projects FCM buy in to in the future.This is now a totally different animal to that of before and I for one am more relaxed about my investment with 79th Group at the helm than FCM struggling to go it alone. Any future decisions will no longer be solely his but at the direction and most likely request of the 79th Group so, imo, your comments are way out of date and miles from the truth however time will ultimately tell. Just imo. |
Prove the above misguided posters wrong.
8-) |
Well done FCM. |
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