Member Info for Bridgedogg1

8p incoming!?!?!?

“ Since the inception of the contract in September 2022, Corica has consistently underperformed against established contractual performance targets,”

If performance targets were written into the contract then we are on safe ground and a very savy move by the BOD.

That would be an amazing outcome. Maybe we ding pay them at all if there’s no guarantee though wouldn’t recommend it

I was in before for a while and ended up selling at a loss on the last raise. Swore I’d never come back but 4.5p seems overdone considering the amount invested and a working mine with 100k gold at current prices.

“ In parallel, HyProMag USA has also started working on securing US Government funding and strategic partnerships for feed supply and recycled NdFeB magnet offtake.”

This will be big news when it comes in

This board will be toxic for a while now but a whole new raft of traders and investors getting in at this level could make a tidy profit. Im hoping for a bounce back to around 7p level.

Surely it won’t go into the 3s 😲

I don’t think going bust is likely. There a mine producing and growing ne that is not currently but can be. Together that’s a lot of revenue. Just need a short term loan from the bank and they it’s 3 months to pay it back

Once 0.45 pops we should see 0.6 in a matter of days imo

The selling next week will ofcourse depend on the content of the update. If it clearly shows how undervalued this is below 1.5p it may well trigger a lot more buying. I’m so happy the Chinese own 51% of the project and are getting the involved on the ground.

How could $27m of work been incurred since September? That’s not even the main capx included?

All those shares hitting sometime this week. Let’s see what happens.

Be lucky to get the fundraise away at the 0.2p level

He also said they own the majority of the US business where there is a lot of value but isn’t it 50/50?

Not at all, been watching a while and want to buy in. Only question for me is whether there is a cash raise coming and thoughts on that by much more knowledgeable LTHs is helpful. Got some helpful feedback thanks .

£4m June

£ cash in June and £2m in September, must be running on fumes by now unless I missed something?

There’s A LOT of cash available to expand this resource

At last.

Should be 1.5p minimum before production.

Will need to wait for the AGM for that it seems.

Wasn’t there some more data due out before the AGM other than today’s?

I don’t think it’s a traders share, I think it should rapidly return to fair value around £3 once cash position is sorted. It would have been £4 after today’s results. No reason to not buy in now and wait for commercialisation. Easy money.

EWT are not that expensive, maybe £3000 a day, so £120k for 6 weeks. The greater expense is the drill. If we are going back in to drill deeper with our own ‘hot’ drill again not terribly expensive and can be covered from existing funds. A new drill may require a fundraise, assuming we don’t just wait for EWT and JV to fund it.

Would be good to just do the EWT and hire out the rig.