focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I like this from HUM's update..
"In July 2023, Hummingbird notified Corica of a breach of contract due to the underperformance of the operation as noted above, granting the Company the right, as per the contract terms, to withhold all payments until the breaches are rectified and the operational deficit volumes are addressed."
Basically Corica don't get paid at all if they don't rectify the operational deficit.
Probably better than most thought after that RNS
It looks like they've been trying to resolve this since July 2023.
Now we know why HUM have been hiring of late and switching Corica works over to hum contracts
You're full of 5h17 bonkers
Mine construction was under taken by WACOM... Corica had nothing to do with it
Dollar flying against the JPY despite BOJ raising rates today.
Fed to go higher again tomorrow
High real rates usually require higher rates. If you cut central rates into higher real rates, you just essentially increase the money supply which is in turn inflationary.
Big buys at full ask
I have tried but he's thicker than porridge with nothing to teach anyone it seems.
Well done on joining a list of just 3 people over several years.
100% certain... They were brought in to replace the contractor who practically couldn't cope with servicing and maintenance during the coup sanctions. There standout performance in turning Yanfolila around was the main reason we awarded them the Kor contract
Playboy, Yanfolila mining contractors are Corica 🤣🤣
Again read things properly please January, you absolute 🤡
"Hourly"
Wow January...This is standout out demonstration of a continued inability to read things properly and reply in a measured and rational manner.
You need to get a job outside of the service sector and socialise with people more intellectually integrated into society.
Good habits rub off on others.
6 hours of support at 7.5 on the hourly with a bullish divergent RSI.
Fingers crossed, this a sign of a speedy or at least a big positive resolution.
For the record, I'll take lower and dilution for an owner operator status.
"As a point of law there is no such thing a penalty clause,"
Absolute rubbish... Non disclosure and non competing agreements are practically just penalty clauses to mitigate opportunity losses.
Found this about the main differences, benefits and risks of contractor versus owner mining
2 min read, worth a look.
https://tura.consulting/insight/perceived-advantages-disadvantages-between-owner-mining-vs-contract-mining
You guys need to check that link and scroll down his profile for employment history.
He was hired by Corica last year and has now left Corica and is employed directly by HUM in the same role.
This could be a big clue are HUM dumping Corica to become an owner operator at Kor?
Plant maintenance planner..
https://www.linkedin.com/posts/mamadou-diallo-b82781138_leaving-goal-challenge-activity-7174512303147470848-1aMp?utm_source=share&utm_medium=member_android
If it's going to be sorted, it'll be sorted tonight with Corica returning to work in the morning.
Certainly hope so Poker...Opex costs are through the roof