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I really wouldn't read too much into that.
If you read the article, Wagner actually took over a mine near Yanfolila, but didn't stay long.
1. They probably just pillaged a few easy ounces.
2. Quite simply, the locals wouldn't be able to run a mine without Western companies. Let's face it, they struggle to run a bath. It's just how it is.
Swatton, the question should be is Q1 a good quarter for production?
I forget but I do remember the wet season is usually a poor one. We haven't had one in this quarter.
There's been talk that production hasn't been expected to be so good this quarter because we're doing ramp up work on the undergound or something, but that might just have been one of the de-rampers talking. Hopefully someone will clarify that.
Whatever, it's always best to expect a bit lower than what the numbers should be. That way you won't be so disappointed :--)
Monkey, you're not missing anything when you look at those numbers.
Sentiment however, is lower than Whale proverbial because the board definitely do make a habit of making mistakes.
All that said, Betts has built a second mine that if it hits target, will be more productive than what there alredy is.
Me, I'm fully convinced this is a multi bagger in waiting and am in heavily enough to back my thinking up.
Look at the facts, ignore what seems a concerted effort to slate this on here and make your own mind up, is my advice.
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.
Playboy, I've no doubt HUM would pay them a delay payment. Indeed, there's probably a clause in the contract where HUM pay Corica for any delay that is not caused by them. Again, that's how business works. I've had to shuffle labour on my job to cover an area where another contractor arrives to work on Monday. If I hadn't, they'd have hit me for standdown time where they couldn't do anything. And quite rightly too, as it's only fair. The employees/subbys will still have to be paid even if they're not working.
This is all standard stuff, so I don't get why you're suggesting that HUM are out to do Corica over?
Maybe you're part of what seems like this concerted effort to talk HUM down?
A very sensible hedge at the time Bonker. What would you be saying if gold had plunged to 1500, as unlikely as it was?
20-20 hindsight really is an incredible thing to have, isn't it?
There's plenty to moan about re HUM, but I don't think the hedge is one of them.
It seems there is a concerted effort on here to talk this down lately.
Meanwhile the SP continues to rise, although in fairness, the trading action doesn't justify that rise.
Whatever,
"you don't stop mining when you're that close"
And you don't continue to be had over a barrel either.
You can't continue to pay a contractor that is not performing anywhere near where it should be. We have a similar situation in my current contract at work. The contractor is not working as fast as is required by the schedule, that was agreed to before the job started. The reason is although the job requires 6-8 men working full shifts every day, there have been just 2 or maybe 3 at best. The contractor has asked for the first staged payments. My gaffer's reply? Finish something first and I'll pay you for that.
That's how business works.
Should my gaffer pay them when they're not performing as agreed?
This is what has happened.
I've suggested that we bring someone else in. My gaffer has said that he needs to hear the contractor's response first.
Ie, he's giving them every chance, even though it's obvious that the contractor is taking the proverbial.
Because that's how business works.
This is exactly what's happened with HUM.
It was RNS'd that HUM had brought a seperate fifth fleet in to help out. That is a FACT and about the only one we know apart from the suspension.
Everything else is speculation, but business doesn't change. If they take HUM to court, it will be agreed that they haven't performed and that 27 million is very likely to be a third of that if they're lucky.
And those who are saying they haven't seen any value from this share need to change their approach, imo.
Don't look at it as an investment. Chuck a few cautious quid in and remove it when it doubles. Because it will.
15p is nothing like a big ask here, imo.
What do you mean by "keep the peace"?
Do you mean pay them what they want for an incredibly poor production rate?
If Betts did that, then I'd be doing my but too.
If they're not performing anywhere near where they should be, they need getting rid of, not pandering too.
We've obviously already done that and it hasn't helped. Sack them off, simple.
On the back of nothing.
I know the spread is quite wide, so it's not easy to trade it, but this is actually up around 8% today on the back of precisely nothing. It doesn't take a lot to work out what's going to happen when some good news arrives.
A massive trading opportunity coming up and I think I've just convinced myself to buy some more on top of my core holding for a quick flip when it comes.
It's also blindingly obvious that this is going to bag once they get this on track.
Not that I'm advising anyone to buy.
You lot can make your own minds up. Or maybe not.
Are absolutely right.
Nobody should listen to the fear being bandied about in here.
Make your own mind up and if it's so bad that you let this scaremongering away your decisions, you probably really do need a financial adviser to do your investing.
The fact is this is risky (but not as risky as some are making out), but the reward will pay off plenty IF things work out. If you ultimately lose out and are likely to fret about it, you simply have too much money in here.
So translated, it says;
"We will never abandon Hummingbird Resources plc Kouroussa (KGM)
We will achieve the 2024 objective with Courage and determination.
Thank you to the General Management of Hummingbird Resources plc Kouroussa for the trust in Zimalco Group."
That sounds like discussions have already been had and a deal has been done. Hence why else the "2024 objective"?
Just a matter of how long it takes for them to get up and running by the sounds of it 👍
1984, Why are you debating closed or blackout? It shows how pathetic you are.
The point is he can't trade because he knows something that's not available to the public. Probably that an office is to be upgraded or something. It isn't a bid, says my money.
People attack you?
No wonder. You attack anyone who disagrees with you.
You're right, I should filter you now and I am.
No doubt it'll be a majority of green posts from now on.
Why does SOLG attract so many idiots to the BB?
No wonder.
1984, maybe the fact that we don't keep talking about re-investing might be a start.
And then an actual RNS that says we've had a bid.
I'm of the firm belief that there is no offer imminent, although I admit I can't explain today's activity.
But then, it wouldn't be the first time we've had shennanigans re Solgold's SP.
Well, I must be the world's second worst investor then.
But I'm currently 11.4% up here after today. Averaging down has worked well for me. Not that any any nous was needed. It was always way to cheap at sub 10p.