As the general market declined, it became increasingly difficult to raise cash & to execute a strategy. It just needs one decent drill result and this will turnaround. |
Half of the problem here is there is never a solid plan for shareholders to hang their hat on.
Shareholders are left to fill in the gaps and hope for the best while Darren goes through the same sequences of puffing his chest out followed by long periods of silence and onto the next shiny bauble in the portfolio while the share price continues lower.
I have been investing a long time and never known a company run in such a way. It's more than frustrating. |
Risk and reward here. A punt could see a big return on this share price drop but results of drill need to good. Expect an uptick but expect holders have been saying that for a while. Have a feeling a top up soon May be needed after I have seen my psychiatrist. |
What it's really lacked is a killer drill result, had lots of pathfinders & VMS systems. The gold at Dotted Lake is potentially commercial & up to 4km long. The ultramafic intrusive is prospective for PGM, Nickel, cobalt, copper, and Panther is waiting on 4 drill results. Not sure what's delayed processing the core, I heard it was related to the new process on drill 1. DH said cores were submitted about the end of Jan so broadly you'd expect results anytime in next 0-2 weeks. Panther know they have Pentlandite & Chromite but PGM won't show up on XRF. They also drilled a conductor in two places on drills 2&3, if they turn out to be 25m of 2% Ni then it completely derisks Dotted Lake. To quote Nick O'Reilly, "we found exactly what we expected to find" with a massive grin on the face.I agree the lack of news is disappointing but I haven't written Panther off |
The market has never seemed to like this company, it could be Canada related, it is possible to pick up licences over there almost at will and for a song.
A point was made recently that if a company pays, let's say £100k/£200k for 2 or 3 licences why should these same licences be worth £2m/£3m/£4m by way of market value straight away.
PALM seems to have been unable to secure a JV partner + retains so many licences investors have no clue as to where they are really focussed.
Think this is now at an all time low. |
Would you get out of bed & work a 60hr week for £75k/yr, could earn better money as a train driver. |
i am adding palm to the cgnr, pxc - to my case study in human psychgology. lots of powerful brilliance there to learn from |
Cores 2-5 weren't submitted until end of Jan which I agree is ridiculous. O'Reilly is at PDAC this week and he'll need turnaround time when results come in so I'm thinking 1-2 weeks. |
grimreaper2019
If it walks like a duck, looks like a duck, talks like a duck, it’s a..? |
The market has no appetite for the Canadian minnow explorers on LSE, FCM were promising riches to it's shareholders when the share price was 15p+, they ended up giving away 60% of the business at 2.5p quite recently.
Fulcrum (FMET) screwed shareholders with a 60% discounted placing at 8p to raise just £600k recently, they listed at 17.5p raising £8m in the process in 2023, money all gone delivering nil value.
PALM has been a disaster share price wise, so bad they had to consolidate their shares to hide the woeful performance, now selling at the pre consolidation price of just 2p
Some may argue these are simply lifestyle companies, listing and cronies fees suck out at least £1.5m pa from the 3 of them. |
Can't argue with that GC. |
Radio silence for 2 months on the dotted lake drilling. Nothing but disappointment and disloyalty to its shareholders here. Metal markets on the increase but who knows how long before this turns. Holding back on results with no further plans announced is a pretty poor show from the CEO |
Because they have a different view?
You have been bleating the same sort of thing
for ages, so I expect you have an agenda.
Personally,when there is a bit of a lull, I wait and see what the market does.
However, I can always become more vocal, if needs must.
IMO
8-) |
Exactly xow and he seems to gain no value from any of them.
What happened to the graphite indeed. |
Problem is DH has a new fancy toy every drill, graphite (what happened to that), gold, now cobalt |
Co doesn't move far from source |
I have the same questions. Think they'd run out of cash and thought Glencore would bail them out. Corporates have layers of governance and we're either moving too slowly or having seen the cores are not interested. DH has also invested a lot of time in flow through funding but ran into problems with FCA. There's a lot riding on the imminent assay results. I noticed DH posted about cobalt shortages, they had Co in soil samples & in theory it does move far from the source, v valuable $$$$$. |
Fair points - but why was this raised at such a discount? If results are good, indicating the share price will rise, then they could have got this away at market or at least much closer to. It doesnt make a lot of sense to dilute holders (and himself) if things are so rosey.
He's an inexperienced CEO, he's trying to keep everybody happy rather than play it with a straight bat and let the results speak for themselves. Again, Glencore would fund this in a heartbeat if it was worth more than their initial stake |
Whilst I agree with your analysis, another perspective is they raised from two new investors and supposedly could have raised more. Panther knows 70%ish what the cores look like before the deal was inked. There would be an almighty row if they turned out to be dusters, that said many existing private investors would feel cheated if the results are good. DH hasn't said but the guest was likely given exclusive access to the cores from mid Nov to end of Dec so a deal is pretty close depending on assays. |
Does anyone follow Darren's Twitter?
These aren't the posts of a CEO who's confident his share price is going up.
'Austrian government allocating $10m to critical minerals...bullish for the sector' ???
Surprised this is all taking so long - common sense tells you this isn't good.
Hope I am wrong |
nearly 6yrs it's had a drill permit for about 5 holes, i think
correction, nearly 6.5yrs ago and allowed to expire - 17sep2018 |
They are concentrating on the tailings projects currently wrtmf but are still very much excited about Big Bear. |
it's been a long time since big bear featured in a fulcrum metals rns headline |
Yep unfortunately it feels that way, at the moment I do feel mugged off here. |
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