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Gold investor, you're clueless beyond parody, filtered for being thick.
We have zero insight of KOU cost control. Last time we thought they are good we had a 20M gbp placing. We burn money like nothing else … its the same volume as in Q4-23. Complete mess - you need to pay contractors and overhead at low volume outcome
These saddos won’t be on here much longer
They will move on to the next company they can short. I feel sorry for the shareholders that have to endure these horrible leaches with depressing continues posts.
Once you know their game it’s fairly amusing they come across experts in many arenas but it’s always the same old b@ll@cks the sad f@cks
Usually scaremongering people from their holdings
For Shorting gains
Actually the current situation is much better than I expected as we are producing decent gold. 'Since 18 March 2024, operations at Kouroussa have continued with the processing plant operating at the expected levels with mining via the small existing ETASI support mining fleet and the Company has achieved several weekly gold pours averaging c.700 oz per week.' Averaging 700oz per week is 3000oz per month and over 36000 oz. per year from the lower grade and with gold at say $2300 this is near $30m at say $1500 aisc and 80000 from other mine with AISC of $1700 and $2200 price for gold (most hedged at $2150) that is another $40m and this is not far from our debt payments even without the ramp up! This is a huge de-risk in my view.
When you read this update carefully, than it’s obvious that the mess is just starting up:
1. HUM will not negotiate any conditions but put pistol on the contractor chest. Good maybe for longterm but in shortterm its most likely that see get into court. They expect cash above 30M USD…
2. We have the same contractor at YAN… if we swap here its most likely we need to change YAN too. They still expect 30M additional payment.
This could end up in a messy 2024 … as well its unclear what cost control is at KOU. Some told me last year that YAN had issues too and costs were way above 2000$ and ounce…
3. We just enter the storm on what is written here…. Can get really uggly or all agree on a solution … sounds not like this in the statement. They go into war zone now
Good luck … hold it out but short-term is a car crash
Will this shut the usual naysayers up for a while now?
Probably not. Meanwhile, I look forward to taking some nice profit from yesterday's purchase.
You've got to be in it to win it, instead of moaning while not even having a holding.
Yes - encouraging.
Matters are being addressed.
And action taken!
🤨
Great start to the week, at least were turning out soe gold, i would expect this to ramp up over the coming months,
Sp BOUNCE !!!!! toady
No one has a clue what the position is with a new crew, that's if there are any. If a new crew was in place and progress is being made then we would all know about it after 3 weeks without one. The SP would be well over 6.5p
So are they really good posts on the other board Bushy? Or just posts that are saying what you want to hear? I'll believe it when Hum confirm. Till then they are just more Dear Santa posts.
If you haven't already seen it, some good posts about another new contractor at Kor.
The clue about people is often in their chosen avatar.
I tend to trust posters judgement who use their own name or choose a bland avatar, like the month of the year etc.
Posters who use weird avatars normally can be assessed on these choices.
Example;
The Shareminator = likes to present himself as the big macho trader with big bucks. A know it all. But in reality invests a few hundred here and there and is underwater on his investments. A dreamer !
BushyTailed = another dreamer , the clue is in the name here, oh he who loves animals too.
You see what I mean, the clue is in their name/avatar.
In reality ; They are all dreaming !
Yep another bore using the same old boring unimaginative argument. Of course I hold. Let's try and give you the reason I post even though my holding is small, especially compared to my previous holding. It's simple people can loose more money than they can afford if they don't get a balanced view. That's why I try to oppose what I see as over optimistic ramping. I would actually like the rampers to be right, because no matter the size of your investment, you still want to win. Unfortunately I think the rampers are wrong. I'm willing to loose my investment, just incase one day they are right.
Stupid is the one who can't read shareminator or bother to do some research if you are having a pop at another holder here.
David posted recently that he is a holder here, but has given up hope of ever seeing a profit.
Anyway we all have the right to post on any board, holder or not.
Bye the way I'm NOT holding , just watching !
Gold investor
You have suddenly appeared loving the drama
And as usual you’re an expert in gold mining and hum
What’s your game
Shorting I wonder?
Not nearly as stupid as posting guff daily about a stock you don’t own..
An highly stupid company, that announces we are one blast away from the good stuff, but are so inept that over a month later that blast hasn't happened. Just shows how little hope there is here with this team in charge.
Nothing happen at KOU - guess we loosing money everyday
Email from Hum
Dear Shareholder,
Thank you for your email; apologies, I could not figure out your name from the enquiry below.
We are limited in the details we can provide based on what has been publicly announced, especially with ongoing discussions and agreements.
The Company is actively working to implement solutions to resume mining operations as soon as possible. We understand the importance of keeping our shareholders informed and will be providing an update soon.
Best regards,
Investor Relations Team
Sounds about right DavidBrent. Or we could play Cluedo on Linkedin like some fools!!!
company started producing at yan 2018( if my memory serves) had a producing gold mine for 6yrs ,lurched from one feele **** up to another, at the end of 6yrs gold producing they needed a placement. they show continuous contemp for shareholders demonstrated by their total lack of communication. we can say with confidence that if they were ever going to get it right, they would have by now. we know the guy in charge is only still in charge curtesy of daddy. in short we know its a shambles and will remain so until it goes under, gets taken over,or we get a new captain m
Get on linkedin....loads of clues on there
Nobody has a clue what's happening here - especially the keyboard warriors who just make stuff up.....
😐
Me to anon, just took 45k for 6.5
4P placing coming