Anybody got any ideas what's going on across in Canada? Pure dropped 31.9% on Friday to close at CAD$0.16 which is 10p on 15.8m volume. It can't just be market jitters especially when you consider Pure is a gold miner (of sorts) and gold miners are supposed to be a safe haven during times of "jitter".
They've released an RNS to say that the four holes they've drilled confirm historical copper anomalies. Whats the point of that? That's like releasing an RNS to say in the license there is dirt under your feet.
A hand held XRF analyser is capable of measure parts per million of metals in a core sample so why have no numbers. A reasonable guess would be they're poor. Probably explains why Cullen resigned after 9 months.
Once again the BOD is presiding over a collapse in the share price and an erosion in confidence. That's an extraordinary achievement BOD. Not only are you fecking up at an operational level but your fecking up commercially as well and not just once either.
Greedy piglets could do a better job than this bunch of hapless feck wits.
107,000 tonnes of nickel between Araguaia north, south and Vermelho. That's a fair old chunk of nickel. To put that into some sort of perspective in 2021 Norilsk produced 195,000 tonnes of nickel or 7.2% of the global total.
Yep, they're at it again. Rewarded for failure, rewarded, for just turning up, rewarded on top of their bloated salaries. What a bunch of unprincipled bunts.
I've just looked at the RNS again and it seems there is 174 tonnes of silver (Ag). It is, however, in the C2 category and the RNS goes on to say "Cobalt and silver have been excluded as there was no payable allotment." Just exactly what "no payable allotment" means is anybody's guess.
That's a mistake. It should be "168.5 tonnes of silver." If it is correct the way it's presented it would make KM a silver mine with nickel and copper as by products.
“ "Given the current commodity prices for nickel and copper are substantially higher than the $6.56 per pound nickel and $3.07 per pound copper utilised in the TEO Project, there is substantial upside potential to enhance the GKZ commissions NPV10% of US$ 333 million and IRR of 15.6% financial results. The GKZ Project Feasibility Study did not include sensitivity analysis as related to metal prices which is typical of western studies. Today's approximate price of US$ 13.50 per pound nickel and US$4.25 per pound of copper support the of upside potential to improve the financial results.”
No indication as to what the “ substantial upside potential” might be!
It's early days. With the right news it will start to move. Even with 3B+ shares in issue Horizonte has never really churned a lot daily. With the majority of shares tighly held when news does arrive the uplift should be significant and rapid.
The deck chairs have been moved around a bit. Interactive Investor down by 18n, Vidacos down by 20m but JIM up by 14m, Barclays up by 6m and Others up by 15m. All the other have moved by nominal amounts 2m/3m/4m up or down.