Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Not quite sure what you think they've hidden, Corica's performance is actually quite well documented.
@Fishysaurus
No but see the most recent RNS, it would appears that HUM have been making payments since July 2023....
"Hummingbird has endeavoured to work with Corica in good faith since July 2023 to rectify the material breaches, providing interim payments and bringing in other contractors to support Corica who continue to fall behind their contractual obligations."
If he was half as good as he thinks he is, he'd be moving more than 1500 quids worth a time and he'd be nowhere near as excitable and emotional as he is.
He's showed his colours and was stupid enough to post his contract notes. Leave the big man be, if he truly thinks he's moving the market then they'll never be any rational discourse.
Don't filter him just yet though, he might yet prove to be a fantastic contrarian indicator, as he ramped it all they way down from 40p
Well if Corica's legal team advised them to down tools and make a company statement via a junior employees linkedin profile then I don't reckon they'll be much cop.
Back down to 97p
Bridgedog, that shouldn't take more than 30 mins tbh, they're not complex documents.
It hasn't there's been plenty of updates on the mining problems. But I appreciate it might seem easier to ask dumb questions than it might be to actually do a little research.
Presuming you mean Coris, Jammin?
Here's a possibility... Corica have been nothing but a bag of spanners and actually the BOD's excellent corporate governance have shielded stakeholders from outright extortion and provided breathing space to work out alternatives?
First time we're trading back above the 20 hour moving average since the first Corica suspension notice.
Corica have been mining just not to contracted volumes, so the plant can run the low grade and material that would not normally be prioritised but already mined.
Kor will still produce a fringe amount of gold for Q1 and probably in the region of around 5k ounces over the period
Corica have been mining just not to contracted volumes, so the plant can run the low grade and material that would not normally be prioritised but already mined.
Kor will still produce a fringe amount of gold for Q1 and probably in the region of around 5k ounces over the period
Correct, it's only corica who have suspended operations
Correct, it's only corica who have suspended operations
These are the legends at Corica (Guinea) who have hit every KPI and want their full entitlement.
https://www.linkedin.com/posts/mohamed-coumbassa-1267b068_une-meilleur-rencontre-avec-ma-team-corica-activity-7146783283954028544-6fP1?utm_source=share&utm_medium=member_android
Corica's first move into Guinea and they're essentially also holding the government to ransom too. They've also not yet seen a return on their new joint venture, as they try to raise it's international investment profile post the coup.
Corica also deal with regional banks and HUM's biggest partner is exactly that. Whichever way you cut the mustard here, Corica don't look good, you can't fail to deliver contracted services and then blackmail for payment, if they are being contractually withheld.
If they choose not to return then what chance do they actually think they'll have of getting paid?
Corica contract with Kouroussa Gold Mining Company, a joint venture company with the Guinean government, of which Hummingbird Resources (Guinea) are an 80% stake holder.
Similar set up at Yanfolila but HUM are the 90% stake holder there.
Corica and HUM don't contract at group level.
How are they targeting a near doubling of production in 2 years with 5mill net cash?
I haven't followed Searbi since the fraud and license issue. Remind me, what's production and AISC now