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- 40%, $50 million, And ⬆️ 200%
40%, $50 million, And ⬆️ 200%
Wingman
February 01, 2024
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The 40% News
A small company with an interest in a Colombian coal asset is chugging along quietly.
The $50 Million News
Okay, please don’t hate us, but this was clickbait for sure. It's challenging to come up with subject lines every day.
“Highland Copper is thrilled to be in consideration for a $50 million grant from the State of Michigan for our Copperwood Project. We had the opportunity to discuss the project yesterday with the Michigan Strategic Fund Board, from whom approval is required. The MSF Board had a range of questions that we look forward to addressing over the coming period in anticipation of a successful outcome.” stated Barry O’Shea, Highland Copper’s Interim CEO.
We are glad to hear that these companies aren't just given all this money. I would expect a variety of questions to be asked.
The News That Caused A 200% Move-Up ⬆️
This is what got everyone excited, but exercise caution. While these drill intercepts are promising, the significant movement is partly due to it being a C$10 million company. It doesn’t take much to shift the needle in either direction.
Yesterday NiCan Ltd. closed at C$0.135 ⬆️ 0.09 (200%).
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