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Ann: Drilling commences at Mt Gilmore NSW, page-45

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Y4ukikmycow

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02/09/21

07:34

Post #: 55767047
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Originally posted by Y4ukikmycow: ↑

@Prawnman,

that would mean a Raise would need to be around 3 million at least to pay for Miriam, continuing Exploration an Drilling of Mt Gilmore project's and then whatever rubbish bsheet they pull for Lynn Lake on top of that to keep up the current lifestyles based on 20k a week that's another 250k approx, so would 3 million be enough not to sure it would be if they actually do acquire Miriam and pay upfront.

Can they come back to retail for another CR not sure the peeps would be to keen to back a company that has blatantly been mismanaged for so long, the only way for them to continue surviving is to turn to the BEOT again which further enhances the BEOT grip on the company's fortunes moving forward if they have any left, which I doubt very much given this company's history and past performances that clearly show its a Dog always has been always will be unfortunately and in the process have taken and lost many millions of mum an dad investors cash in the process.

The only saving grace they have is that they have the Guru Terry Streeter on board who could at anytime step up to the plate but at his age would he want to back another loser, don't think he would and in all probability is why he hasn't backed the company with any of his own maybe he to is happy just earning some lunch money each year, in any event Corazon has managed many times to crawl out of the gutter each time they have been in serious financial spots can tgey do it for an umpteenth time again, time will tell on that as it's getting closer to the sewer each day.

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Sorry Amigo,

forgot maybe the one other saving grace for Corazon at this point to suck more into the Vortex is the fact that Nickel Prices continue to increase substantially and currently sit at close to 20k a tonne if it continues it may just be enough to get them another couple of qtrs to continue those lifestyles, maybe.

CZN Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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Ann: Drilling commences at Mt Gilmore NSW, page-45

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Ann: Drilling commences at Mt Gilmore NSW, page-45

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