Ucore Rare Metals Inc. V.UCU

Look like someone wants UURAF today

[farml1234]

interesting

[PipinoCuevas]

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[Dragonsmyth7]

Dear Pip,  The only thing you seem to look at is the past.  Have you thought that maybe just maybe Ucore has learned from it's past and is doing something that works now.  Yes, I know the only thing that would make you think that Ucore is doing something is a money contract and even then you would not by happy for some reason in Ucore past.  Just wonders what would it take

[PipinoCuevas]

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[PipinoCuevas]

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[Eoj123]

Their past??? As in the last 10 or 11 years of nothingburgers. Hope you've enjoyed your ride

[PipinoCuevas]

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[ausheds]

Haven't looked but they must be close to outta cash to make payroll & importantly Director's fees, etc. Wonder what cunning stunt Pat cooking up this time to cash up some muppet money, surely he won't have the audacity to try another 1:1, and he's going to have to try and find a little more cred than Jim's final 3M stunt. That's about the only interest around here

[jrhjr1127]

They're still okay for another 6 to 12 months or so, but they'll be close to running on fumes if they don't get more cash by the end of next March. They had about C$5.65 million of cash at Jun 30, 2021 and used about C$2.75 million in cash for operating activities during the 6 months ended Jun 30, 2021. Maybe Randy will lend them more?

[PipinoCuevas]

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[jrhjr1127]

Wrong. Read note 14 of the June 30 financials. The balance sheet item "Loan payable" in current liabilities of C$1,166,757 is a loan to Orca. Its maturity date is Nov 30, 2021. "The effective interest rate used for the loan is 15%". Nice interest income if you can get it.

[jrsloan60]

maybe they will bankrupt the company with that loan.

[PipinoCuevas]

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[ausheds]

Thnx, I'm sure you are right. The way Randy jumped on the cash and sucked up as much as he could after the last ridiculous CR says it all, he's had enough. Interest rate on balance owing is another pointer to just how he considers the risk on the remainig funds he has stuck in Ucore.  He was Jim's patsy for years, suggest he's woke, fancy taking the Magic Pudding as

[PipinoCuevas]

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[ausheds]

He's probably SO embarrassed being taken completely for a spin by Jim & Co he doesn't want to even think about it again. Sheeeesh was he suckered, sold ridiculous royalty BS scheme way back, conned into trading that for equity and he was straight down the rabbit hole, probably the best was when he bailed them out for several $M, and got the Pudding as security!!! Hilarious, useless