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Koryx Copper Inc V.KRY

Alternate Symbol(s):  KRYXF

Koryx Copper Inc. is a Canadian copper development company focused on advancing the 100% owned, PEA-stage Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia. The Haib Copper project, Exploration and Prospecting License 3140, is held by Haib Minerals (PTY) Ltd, a Namibian corporation fully held by the Company. It holds the option to acquire up to 80% of three large scale exploration licenses in the copper belt in Zambia. The licenses include Luanshya West project (LEL 23247), Chililabombwe project (LEL 23247), and Mpongwe project (LEL 23248). The licenses cover about 752 square kilometers in the Central African Copper belt. LEL 23247 is situated in the center of the Zambian Copper belt, which forms part of the Central African Copper belt. The three licenses sits on the same side of the Copperbelt, which hosts nine large copper mines.


TSXV:KRY - Post by User

Post by hipfneron Jun 26, 2021 3:12pm
330 Views
Post# 33456435

DSM needs to clean house

DSM needs to clean house(I looked at this project a month ago, liked the deposit, but wasn't impressed with the ore recovery nor the inevitable water issues trying to access an international river. I was looking for resolution before buying in.)

The CEO really messed up, bottom line, and he needs to be replaced. Just imagine the work that went into developing a plan, submitting to govt., and getting approval. Then the CEO decides not to follow the plan and, informed the ministry with no legal amendment? Clearly a breach of contract.

The Board can salvage this with a new CEO and submit a new plan for govt. approval.
They may have to raise cash, we haven't seen updated financials.

p.s. any slurs about bribes and stealing assets is highly out of line and nigh impossible. The govt. is still reeling with the FishRot scandal over off-shore fishing rights. And everyone is on their best behaviour.

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