Golfing today… The clubs are not scandium-aluminum alloy but let’s see what happens in 2027

Proposed revised headline for Sigma Lithium $SGML : “No One Would Refinance Our Debt With Real Duration on Terms That Wouldn’t Show How Distressed We Are And Equity/Convertible Markets Are Closed to Us” Real talk: a 6 month extension is…not confidence inspiring, that 2027 capex program and guidance for phase 2 probably slipping

Nussir showed very well Seeing is believing, anyone who see this firsthand will understand this is going to be a mine that produces some of the greenest copper in the world for generations to come It’s not a Tier 0 asset (calling a spade a spade) but once producing it’s going to be a very good one with a stupid amount of exploration potential And the other core point, progress continues on site. The noise online isn’t representative of the facts on the ground

The Koala told the Pallas Resources management the recent round was priced far too cheap…

Won’t somebody please think of the copper concentrate producers when copper is…over $6/lb

For what it's worth, the Koala has reached out to Lux Metals $LXM.V asking about this potential financing they are flagging today (which is a follow up to an email yesterday saying congrats and "hey I saw the Northern Miner article published less than a week ago...let's talk about that hypothetical raise you mentioned") In all seriousness, I'm not surprised they will be looking to raise but I wouldn't have been blabbing to the Northern Miner about it ahead of the assay results I suspect it will be a sought after placement as well given the initial assay results With that said, and at the risk of not even getting any of the hypothetical placement for calling a spade a spade... Q2 Metals in 2023...you'll recall the Koala was pretty vocal there Prospector last year...it dragged out and market speculated until B2 just stepped in with conviction When you have fundamental momentum, just wrap up a quality fundamental book in a bow and get it done, don't get cute with the market Doubled down yesterday and would participate in a raise, but now that it is publicly acknowledged...

Western capital: Can't someone else (China) do it?

When the Koala finally gets to have a week in the office with some time to actually look at some new ideas for the first time since July

Everytime the Koala visits a mine where the deposit never outcrops at surface but was known about > 50 years ago, it makes the marsupial wonder just how good the old school mining promoters must have been to finance even looking for it Like, would today’s legends even compare?

Great research note out from BMO on molybdenum and how it continues to be in deficit with strong demand growth But the koala is told that’s not real revenue / worth nothing in evaluating a prophyry You all know where the Koala is going with this $SURG.V

LME week shaping up to be fun this year

The Koala, still bored, looking at NFP with its eucalyptus tea this morning:

The Koala looking at that December 2026 debt maturity...