1) The Yanfolila contract is separate and I doubt very much that Corica will put itself in clear breach of that contract, whatever goes on at Kouroussa; and
2) There is already a support miner working at Kouroussa. I doubt very much that Hum is as helpless and under the thumb with Corica as some are suggesting.
I reckon this will get resolved, but each to their own.
RE: FCA market abuse investigation22 Feb 2024 05:29
Incidentally, although Gerard Brandon, as former CEO, attracts most of the anger and criticism, in my view Camillus Glover, the former Chief Financial Officer, also has a lot to answer for.
RE: FCA market abuse investigation22 Feb 2024 05:10
Thanks for posting the info on complaining to the FCA.
I am abroad at the moment but will get around to writing my own complaint when I get back.
The Microsaic RNS of 16/02/24 and the latest (non independent) advice note from Turner Pope are illuminating and a must read for those of us ripped off here.
There you go. Business carries on as before really. Market reaction to the original announcement was completely overblown in my opinion. Judgement clearly wasn’t saying that plastic with D2W added creates micro plastics or fails to break down more quickly into harmless organic matter. It simply says that at the time the directive was adopted the EU acted legally. Most importantly, it did not, as I read this, contradict SYM’s view that the prohibition does not apply to plastics to which D2W has been added.
If your trade is at a price below the published mid price it will show as a sell regardless of whether it was a buy or sell. Similarly, if your trade is at a price above the published mid price it will show as a buy regardless of whether it was a buy or a sell. Crazy but true.
The fact that the EJC has declined to declare that the relevant Regulation was unlawful does not mean that Sym can’t sell its product. Firstly they have advice that the Regulation did not apply to their product anyway. Be interesting to see the full judgement and analysis on that aspect. Second, most of their D2W sales are outside Europe anyway and are unlikely to be affected imo. This is very far from the end of SYM lol.
I see we are suddenly awash with tiny bot trades which are a frigging nuisance and tend to stick around once they arrive. Not sure if that’s a good or a bad sign or no sign at all!
Couldn’t agree more that significant compensation is unlikely even if the case is won. Better not to bank on that. However, if winning unlocks more sales that’s good enough for me.