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Can’t argue with you guys that the sp has been dissapointing as with lots of shares recently on AIM’s. The communication cannot be described as good.
Dan Betts is a young man with things to prove long term, if we get bought out cheap, he is finished.
I believe he will come through for two reasons.
He cares about the Mali community.
He would not like the cost of failing that his image would suffer.
If he delivers, he will be hailed as a rising star.
The next quarter will reveal plenty, let’s hope the PR improves.
@ ngnlnv : absolutely - as a listed company a competent CEO has to manage the messaging and ultimately the SP is the only test that matters. On this score Dan has missed, despite the excellent asset in Mali. Simple as.
If you fail to look at the past then you run the risk of making those mistakes again. One of those failings was and is poor communication, which has led to companies failing in the past. If you are listed on a financial market communication and how it is communicated is a key component. If the company is not promoted in a positive light, the SP will languish and then a larger company will come along and make a bid for it at a knock down price i.e less than its brown field price in this case.
As for the SP on a downwards trajectory. It loses more in these news vacant spells than we gain on good news and yet people are overjoyed when we get a 5 to 10% rise when we have lost 25% over the proceeding few months. Not the way in my view to let this company languish with no explanation.
Let's hope the LOM extension is out before the Q4 update.......
We can only speculate what he is doing today, no doubt we will find out.
We do know what has been sorted in the last 12 months.
One thing ,we are in a better financial position than before we poured gold.
39p was the price then . The full years production is not far away, let’s see what happens to sp
end of January.
Do you think that should be his only focus? As CEO does he not have the right people in the right roles to allow him to sit in an overseer role himself? I think that with the productions issues last year then it's 100% right that their focus was on getting everything sorted and getting things "running smoothly" but by now I would have expected to have heard something on the LOM status even if it was a holding RNS. I seem to recollect it being due in Q1 but many have said it was H1 not Q1 but still waiting.
Never met Dan. If I do he owes me a pint:-)
I have been heavily invested for a few years.
I suppose Dan was getting the mine built and tackling production problems.
Bert is a great and it was his job. Do you not think that when there is a problem that Dan should be working on it? That is his job.
I get that but my point is that if mistakes were made we should 100% not just ignore them because they were a year or so ago. In my opinion part of the reason this SP is not where it could be is there is still a large proportion of PI's that are not convinced by the BOD and particularly by Dan. You may not have been around for the "Where's Dan" campaign last year but it seems when there's good news he's everywhere and when there is either bad news or no news he goes missing and lets Bert take the flak.
You may wish to look at my original post where I suggested an RNS was required.
I may be deemed positive but I am stating facts delivered. You cannot keep producing gold bricks and it go unnoticed.
In the distant past communication from Dan and the PR company has been rubbish, and I am being kind. In this current time communication from Dan and the PR company is still rubbish so I struggle to accept your view that shareholders bringing up the distant past has no point. Be as positive as you like but also be realistic.
I see no point from shareholders bringing up the somewhat distant past, much of which was due to unusual weather.
As regards investment decisions, surely Hummingbird have been right by far.
If you have the cash you are presented with many attractive possibilities, any case presented must have been extremely attractive and we don’t know the full story.
Get back to the fundamentals $600,Q3,Q4 ,second mill, quick recovery from Hummingbird team.
The company has IIs who will protect their interests and will want dividends.
I repeat mine blowing.
Right, but the significant and ongoing delay in LOM update leads to a increasingly binary outcomes
1) The increase in LOM is massive and justifies the extra work and delay. Dan looks like a genius and SP doubles.
2) All other explanations other than 1) with various damage, reputation issues, etc. and the SP continues to underperform or there is a proper puke.
All I can say is it better be an excellent update
We seem to be getting better information from Cora updates.
A good RSN this morning informing us what is happening .
Dan seems to play his cards closer to his chest, we do have a highly profitable mine,
built to budget, second mill on line , halfway through Q4 production heading for full year target.
When he finally decides to tell us , my guess is it will be mine blowing.
Best of luck sands. Let us know the response. I have e-mailed in the past and had answers, on a different none market sensitive point. . I think they couldn't give us an answer on LOM that had not already been in the public domain, therefore I see no point in this instance. Happy to be proved wrong.
I am just hoping they read the bb often enough and it makes them get a wriggle on.
Good shout, just emailed Bert and Dan, not expecting much in return though!!
I'm just referring to the stock market in general, not HUM itself as my shares portfolio is not showing much growth because investors aren't paying much attention to British companies at the moment. On another note, why don't you email them about the long overdue LOM extension news? A little prod from us might do the trick...
Sorry chaps, but LOM is way overdue and that isn't nothing to do with Brexit or the rest of AIM just HUM needing to get its finger out.
I think the stock markets will finally wake up if the conservatives win the election with a sufficient majority to get Brexit sorted once for all.
I don't think this is any way specific to HUM, there seems a general malaise around the stock markets at the moment and especially on AIM. What will kick things back to life? Not a scooby!
Didn't budge much when the POG was $1550 so imo its the lack of LOM news keeping us drifting. HUM need to get their finger out with regards to news. Its not just about shovelling the stuff out the ground and turning it in to bars. The market and us want to know what is happening now and again.
Seems like the sp does not like the temporary fall in gold price. If it falls some more we will only be
making $600 / oz. Halfway through Q4 and still on target for the full year target production.
RNS outlining where we are going would be comforting.