Member Info for Alibi

SP seems to be creeping up - currently bid at 6.2p. Maybe someone knows something... fingers crossed!

The exclusivity agreement, which expires in early november, doesn't bind anyone to buy or to sell, either at all or at that price.

Is this Punter character a paid agitator? Seems to be a full time occupation for him/her/it. That's not a normal person who posts an opinion once. It's carpet bombing of this forum. Utterly repetitive. normal people don't do that. i'm guessing it's an A.I., bot, and the "I" part is doing a lot of heavy lifting there.

Don't remember the figures but I do remember they cancelled one hedge and opened another at a higher level.

I think it's clear that the ramp up is proceeding at a slower rate than we were told would happen. However it will be interesting to find out what output they are currently producing. For example if they are not yet at 60% are they at 59% or 55% or 30%? Who knows? I think as shareholders we deserve to be told and not in a badly written RNS full of vague generalities & padding. Glad to see Betts promoted to director of teabags; maybe now someone who actually knows what they are doing can get things moving, and quickly. Anything to stop the incessant textual diarrohea of Punter64, Investor7 and that guy from The Office...

Is it actually known whether or not tthey have passed the 60% mark? I suppose we'll find out quite soon.

Whilst the sale of Dugbe seems to me like a wise move given the debt position, the price proposed is perhaps mildly disappointing. I think maybe some folk got a bit carried away with the possibility of a massive windfall. I suspect the minor drop today is folk taking the view that the whole thing might fall through, which is perfectly possible. It's also possible that another party might move into position to put in an offer if the sale is not done by November 7th. who knows? Though I am slightly surprised that Pasofino have blinked first with the end of the month approaching, and also surprised they are trying to raise money at this stage - unless doing so allows them to get the sale price increased.

far more important is to get the mines working at full capcacity and it would be nice if fo once they over-achieved rather than disappointing us. We do look very close to the end of this tunnel. Things can turn quickly. I think we're all tired of being let down over and over again so fingers crossed we get some good news - without any negative caveats - soon.

"Most of" doing a lot of heavy lifting there... I do agree to an extent that with hindsight it was a reasonable strategy that hasn't worked, but I think the additional safety factor of the hedge against the gold proce dropping was the raison d'etre. At least the shackles are off early next year.

I'd prefer not to see a takeover for HUM any time soon - given that we are on the cusp of success. If the Dugbe sale can be agreed at a reasonably fair level (and in fact that isn't even required although it would speed things up a bit) then HUM will become a money printing machine. Why sell out now? Any offer would likely be a cheeky wee lowball offer and should be sneered at. You don't run a matathon and then stop a few yards from the finish line...

Don’t take my post as in any way exonerating Betts. With proper management HUM would have reached full production sooner but if it gets there, that will no doubt be forgotten.

Same tired old patter from you. You should change the first letter of your name to a C. Just about sums you up.

HUM have certainly sailed close to the wind on occasions but if all the ducks were to line up perfectly this could experience a massive re-rate in a short time.

I think thast most of us are agreed that selling off Dugbe would be a sensible move. i'd rather see the HUM SP rise significantly and then I will sell out and move on. The cost of developing dugbe is significant and I wouldn't want to see HUM struggle to raise the finance from the current two mines. Doing that would open up the possibility of frittering away the profits from the current mines (when they finally stabilise) and then having Dugbe not deliver. I don't entirely trust HUM as they have been a bit of a joke at times. If they can use money from Dugbe (a realistic figure, not the joke figures quoted by the trolls on here) then they are really getting out of a slightly risky situation - and the SP should re-rate accordingly.

begs the question as to why you didn't sell out when the price was up about 10p not long a go. for as long as i can remember you have been sticking the boot into hum in every single post. you are now trying to persuade us that it is going bankrupt. why not just sell your tiny holding (ooer missus!) and **** off? i'm not terribly happy with a lot of the delays and mismanagement, but they are now in a transformative period where things could turn very quickly, as long as they don't mess it up (and yes, i know they have a track record of dodgy decisions). if you don't like hum, nobody'd stopping you selling (that is if you do actually hold any shares in the real world.

Quote: "Excellent grade profile at Kour is being stockpiled as the plant is still processing the lower grade material."

If they have a stockpile of material containing higher grade raw material, why don't they process that first? Surely they want to get as much gold as possible as soon as possible? Leave the low grade stuff piled up until later!

Looks to me like more delay but heading in the right direction. Undoubtedly Betts needs to go but provided the debt situation can be dealt with, it’s more about delay than going bust. I do wonder if selling Dugbe might be sensible. Need to see where we are at year end.

Needs some news (+ve) to get this out of the slow decline. I'm very slightly underwater on this but not really expecting it to drop much further. However a positive RNS would be very welcome. Would seem daft to do a raise while the SP is depressed when there's every chance that news could boost the SP and then, if necessary, they could do a raise at a higher level. There hasn't actually been any bad news as far as I'm aware, so this is just drifting until something happens.

I wasn't able to particiapte in the retail offer as Charles Stanley don't do them, so i just bought a chunk (just under 50k shares) on the open market at just under 2.25p. already in profit (just!) so probably a better outcome than getting a tiny allocation at 2p. Now can we please have an RNS saying that the site work is in progress?

Just realised much of my post at 11:54 is largely nonsense - I got the figure for the number of shares on offer mixed up with the amount that they would raise. Apologies if anyone got confused by that.

I tried to subscribe using Charles Stanley but they don't do retail offers. Not sure that it's worth applying for the retail offer anyway as there are only 400,000 shares available, which is only £8000. I could just about tke the whole lot myself. It's a token gesture to try to appesae long term shareholders while MB gets a bucketload of shares at a ridiculously low price. scaling back will mean everyone gets maybe £50 worth. i decided instead just to buy £1000 on the open market at just under 2.25p so probably a better deal that the retail offer unless you think the sP will fall a lot further. This all smoke and mirrors.

Out of interest, if Dugbe were to be sold, roughly how much would it go for? I get the impression from posts on here that as far as HUM's SP is concerned, the value of Dugbe is about zero. Were anyone to seek to take HUM private, surely that would require the price to include an allowance for ALL assets, not just Yan and Kor?

I'm actually a wee bit surprised that the SP is still at a slightly lower level than it was a week or three ago, given that then we didn't really have any prooof that the impasse had been resolved but now we know it has.