Member Info for Bridgedogg1

Either this is very dodgy or part of an imminent deal. Could go either way.

Exactly that

Yes yes we know you sold yesterday.

Pete you must not have real time trades, 8.5p was smash 10 mins ago 😁

I’m liking these block buys. Smart money coming in at these levels.

It’s 15,000oz per quarter, we are doing over 20,000oz from one mine alone.

Motoring. A double digit rise hopefully.

All before we’ve even had the big news we know is coming.

Honestly thought this would be 20% up on open. Good results and fully funded.

Hold for gold. 8p incoming

This debacle could have been avoided but has provided a real gift of an opportunity to get in cheap to a gold producer at a time of all time high gold prices.

8p should come very quickly. Build from there.

Who cares about lithium price in 2024/25? We will be making profit at current prices and by then everyone will be talking about the supply deficit, increasing demand and scramble to secure more supply. It’s very cyclical and it’s just turning.

Kouroussa Isn’t our biggest mine. It produced 6koz last year vs Yanfolila 84kozs.

The US is up 50% everyday but somehow the price never changes 🤔

Remember folks- this is just a pilot plant they are failing to operate. Hasn’t exactly been proof of concept has it?

Is finance such a big catalyst? Half to pay existing debt. The rest to prevent the need for a raise. Much of it required for contracts already announced?

Yes I brought in here. I think the funding will come from non dilutive sources, and if a placing does come in a few months, the share price will be a lot higher by then.

Andii

Your whole convoluted and flawed scenario assumes Lithium price stays where it is for the next 4 years. I assume you agree that is unlikely? Even the most pessimistic projections show severe deficit in supply within 2-3 years.

Who knows where the price will be in 2026? How does your senario play out at $3000/t Li2O? That’s over £1bn for 4 years?

Yanfolila

Mining commenced August 2017

First gold pour Dec 2017

Commercial production April 2028

Kouroussa

Mining commenced approx May 2023

First Gold pour June 2023

Commercial production ???

Only produced 6000oz in H2 vs target 30koz

Clearly contractors were well behind targets for commercial production even including the 1 month delay due to the fuel fire.

The fact that performance targets have been written into contract is not good for Corica, and I’m sure they will want this resolved quickly without additional reputations damage. To me it was a very strange move for Corica to make this a public dispute rather than settling behind the scenes. Again if we have to bring outside help to bring this up to speed it didn’t look good. They will now want it resolved asap.

The fact that work has stopped now suggests this must be in the end game for commercial production, when it hits us the hardest, just before this is announced.

Simple solution for us is to roll over scheduled debt repayments, get in new contractors

and announce commercial production asap.

As we have stated we are able to withhold payment under the terms of the contract. That’s pretty clear cut. If Corica don’t get back to work to resolve this then they are shooting them selves in the foot as I assume we would not be required to pay the disputed outstanding balance. We have also stated that interim payment have already been made.

I would assume that under the terms of the contract, where the company is withholding monies owed it has to be held ringfenced/escrow which would be fairly standard. In which case any sell off here, based on the idea that we don’t have the money, as opposed to withholding the money was unnecessary.

It’s also annoying we were not told of the notification on the breach of contract in July 2023. The update simply stated we needed to focus on “The management and monitoring of mining and other on-site contractors to maximise the operational performance for the Group” well that didn’t work out well.

Kouroussa MUST now be at or very near conercial production and Yanfolila is generating plenty of cash in the background, not to mention the strategic review and possible sale of Dugbe for what must be now about the mcap of the whole company.

This surely isnt as bad as 6p? We retain control here and it’s good to give the contractors a good kick up the @rse when they are not performing, and it’s very satisfying to have it written into the contract. Will Corica simply back down?

If we had put today’s info in Mondays RNS we’d be at 10p not 6p.

Nice open at 20% up tomorrow I think