Post by
reddog11 on Jun 21, 2024 9:50am
Thierry Results
The market doesn't care or know anything about what CCMI has.
I think any rise in our SP will be all of a sudden and all at once.
Until then we wait.
I do beleive a drop in SP will be difficult at this point as anyone holding knows what the potential is.
Only sellers will be thinking they have a better return somewhere else as we wait.
Just my ramblings.
RD
Comment by
jleer42 on Jun 21, 2024 12:22pm
I don't think these results are going to move CCMI's SP, but there are two milestone payments if the Thierry mine increases reserves. First is $500k if reserves increase to 1bt or 1mm lbs of copper. Also some warrents, buy the first batch look like they will expire out of the money this October. Regardless, it is nice to see the results and while not a home run they are positive.
Comment by
reddog11 on Jun 21, 2024 2:15pm
jleer42, To be clear, I didnt expect the results to move the SP. Just that I dont believe Thierry is given any value at all in the current SP of CCMI. RD
Comment by
jleer42 on Jun 21, 2024 2:45pm
I didn't think you thought it would move the SP, just agreeing it is good news. Nice to hear anthing about Thierry, after the sale it was crickets. If it can't move ahead in the current environment it isn't going anywhere. More brownfields and it has to be easier to advance than a mine in BC.