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HUM CEO updates on the Yanfolila Gold Project now fully funded.

Member Info for redknight1

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Member Since: Tue, 2nd Mar 2010

Number of Share Chat Posts (all time): 663
Number of Share Chat Posts (last 30 days): 20

Last Posted: Today 11:13

Post Distribution over the last 30 days

23 Feb '15

Whats your target selling price?
23 Feb '15

Thank God the dismal jimmies seem to have slunk away....

At least FIVE reasons to be cheerful today:

The cash will take us past the end of March;

The costs continue to fall;

The resource is bigger and getting easier to mine;

The Big 3 have approved an RNS that is full of good news and has spike the SP which, given that they all have a vested interest in the financing, suggests that the equity element should be mnodest or nil,otherwise they are damaging their own financing terms; and

The SP is closing at the highest levels of the day, which augurs well for a considered response and follow through tomorrow....

At least it has stopped people selling. No reason to unless the SP spikes much higher....

Best wishes to all those of us who had the b***s to add substantially last week!
20 Feb '15

All good commonsense haddy. Thanks for the positive response mate
20 Feb '15

My comment 2 days ago was based on your ridiculous suggestion that the mine would be financed by a placing at 3.5p. I you reread the post you'll see that would require 2.9 billion new shares....

My comment below was directed specifically at posters on ADVFN, so are you paranoid or something?

However, whether you are disappointed, devastated or whatever, and especially if you really hold at an average of 9p, why on earth would you want to talk the shares down? Are you suicidal or summat? You may be in pain but does it make you feel better to try and make us feel unhappy as well?

Why do you think the shares keep falling? A steady seller (who hopefully is now finished) and people who keep posting negative comments that spook PIs to dump their shares. So MMs can keep pushing down the bid and thereby keep hitting stop losses that reinforce the fall...

Result? Trafigura will make far more out of this company than we do, thanks to the professional derampers, short sellers and dismal jimmies that are doing their job for them.

None of the Big3 can legally sell shares because they are all 'inside' but why should they worry when posters here and on ADVFN and III aredoing the job for them?
20 Feb '15

Some idiots, even holders, continue to talk this stock down on you think they enjoy pain?

Anyhow, bought another 50k at the death at 3.575 taking me to 300,000 and an average of 5p. Hurts a bit....

18 Feb '15

The last two transactions were a rolloverwhich I take to be very bullish as the holder took a £3,000 hit!

The article was a comprehensive and authoritative 100 page piece by a credible market advisor on the general state of mining finance.

Are you an expert on this and if so how has the market changed in that year? I was simply illustrating the type of funding packages typically done..

You need to read the bits on companies that are fully permitted and ready to mine..
18 Feb '15

Of course.

But someone has rolled over £20k of shares after hours at a £3,000 loss, which is either very bullish or very stupid.

And, read this, which makes clear that at this stage of EMED it will almost certainly be all debt or royalty/offtake agreements, etc or a mix...

Remember, only 10 months ago and pre-permits Equity Development had an enterprise value of 20p/share and EPS of 2.2p in 2017....

Don't panic Mr Mainwaring....
18 Feb '15

What an idiotic thing to write! Do you think or do any research before you post, or are you a deramper....?

Now here's some facts:

Even with the projected savings it will cost £130 million to reopen the mine. Even if £30 million has already been spent, an all equity issue would require an EGM and 2.9 billion new shares.

That is a 2:1 dilution and would leave Traf, XCG and Orion each with over 30% post issue and conversion of the convertibles if they split the deal between them! At that level they each have to state whether they are going to bid.

Finally, if you look at the Equity Development report just 10 months ago, THE WHOLE FINANCING IS BY DEBT!!!
18 Feb '15


Come on you cannot seriously compare Range and BHR with EMED?! This is a fully functioning mine with near surface deposits that is reopening, with 3 major shareholders....


Ditto our exchange on ADVFN. 12-15p takeout before production is my guess. Cheers

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