Member Info for Ballio

There are mining explorers that travel the world over buying oz's in the ground that are known to be cost negative. The supply is not infinite and methods of extraction improve annually as does the AISC of those methods.

Future gold price is only ever going to go up "long term cycle". And people are buying oz's in the ground.

Yes there comes a discount for that situation, but even then 4.2M Oz at a significant discount is still alot of dollars. And that is before resources are expanded.

Even if a partner came in and paid $20/oz in the ground.

Thoughts on sale values?

Ballio

The wording of the RNS in regarding the partnership and future potential is what excited me. My feel is that GoL are giving HUM or a future developer free reighn of their country's land to ggo and expand resources as they see fit. And HUM maintain 90% interest but are partnered with a country.... I find it impressive that a real minnow in the mining world has agreed such a long term and in my mind reasonable arrangement. No door will be locked to them as the gov will have whatever key they need. And we now have two sources of ongoing news flow that have to be taken seriously. Up until now all Dugbe news was just words. Now it means something. It now all depends on the financial or JV path or both that is taken to realise the value. The asset is what it is, the road to is as we all now know far more critical.

ATB

Ballio

I sincerely hope so AimG

I am still here.

And repeat, if significant news arrives that confirms my hopes that JZ is actually working to a real goal here then i will feel obliged to buy more at the 92% below my current position price.

Ballio.

ATB, keep holding....

Progressing well. Bert has put some pictures of the concrete works being put in place. All looking good definitely a commitment to getting it in being shown.

The way the geology is described is very comforting. They clearly have a great picture of what the form and content is from the accuracy and precision of their description. And all within reach of Yanfolila. So many ducks that could line up.

I am but I am not active. I think I am @Ball_Ste on there.

Not sure of 1000 shares is really classed as a large holder now. But I am still here, not bought or sold for a year now just sitting waiting, watching.

I'm not happy with activity of URU but still happy about the space that URU is in. It's the fundamentals that have kept me here nothing else.

Balllio

Looking further afield to future needs for Nickel.

As part of a complex Anode for Hydroylsis of sea water. Apparently the addition of a Nickel/Cobalt anode removes the generation of Chlorine which has held back this technology in the past.

https://pubs.rsc.org/en/content/articlelanding/2013/ra/c3ra42340a#!divAbstract

https://cen.acs.org/energy/hydrogen-power/Catalyst-frees-hydrogen-seawater/96/web/2018/03

The sooner we ditch LNG and oil and gas industries in general and start producing a reliable source of Hydrogren from renewable sources the better.

This technology is essentially what the world has been trying to crack for some time. We don't want to use our fresh water for hydrolysis.

ATB

Ballio

good chat.

Dan talks like remediation is a thing of the past..

And 10k oz in Jan is pretty impressive.

Fingers crossed no major hickups this year and as he says, huge capital repayments. By end of year 2 this business could and should be in a very very different position.

ATB
Ballio

I have just emailed the great one.

Continuing to find positives connected to Zeb and other similar assets i stumbled across Osmium.

https://www.acsh.org/news/2018/08/21/osmium-dense-deadly-and-distictive-13337

It is the single rarest earth metal and also densest. It is most commonly found in areas where Platinum is found.

I have requested that Osmium be recognised in all future PGE credit listing to increase the apparent basket value.

Apparently the creation of safe Osmium for use as jewellery has been impractical until recently. But now, processes and technology is available to make its use more domesticated, thus creating a whole new potential for goods at an incredible value/scarcity and appearance. It is most commonly compared to a diamond in its processed form, but is actually scarce unlike diamond.

Will see if i get a reply, but it could well add value here.

ATB Ballio

Hoping and praying for a $1358 break out in the coming weeks.

Ballio

How can you put incentives in place to extent mine life.

The assets are what they are.... "I will reward you an extra £1000 a month if you can turn this chunk of sand into gold" Great, thanks for the incentive to defy reality.

You can only incentivise performance.

The logic of some posters is beyond nonsense.

Thanks for the great review posts by some others this morning.

ATB

Ballio

Topping up from here to first dividend on a monthly basis will see me right. First dividend day with my stack of seamingly cheap shares will feel good. I can wait for that. And in 2 years time when fully funded and at near completion, no matter what the SP is I will still be a monthly buyer. Everything that is going on currently is out side our control. But is all ultimately for the benefit of the business and us. Keep heads down, relax, keep buying.

Who cares what you are doing.

Knowing how shrewd of a business man CF is, I wouldn't surprised to see him wait for the worst possible time for the country to stump up the cash. Investment in general will be at a long term low. So he will be able to get a better deal. The amount of new lenders in this market will be shrinking. The piles of cash banks have aren't shrinking. So who will want to speculate when no one else can due to a drop in lenders.

I think the worse the Brexit situation, the better the lending opportunity CF can close.

Just pure though shower nonesense but, I wouldn't be surprised if this was the cause for delay.

Regards

Ballio

Zoro must be providing those people with insider info? There is no way after the corporate and personal performance of this business, in his hands that all the voters would vote for him again. Zoo it leads me to think that the big boys still know something we don't. II's must be being given some level of assurance. You just wouldn't vote for him otherwise.

Ballio

a ore processing royalty agreement with CORA could be a nice easy to sign but very long term positive idea for the company. Plus it could prop up CORA to continue adding ounces whilst at the same time put cash in HUM pockets and shore up a longer mine life through added ounces from CORA.

Without really having to pay for a mine at Tekeledougooooioiooo,

worth a thought.

This share and its asset value is abstract to say the least.

I do research outside of the pitiful information that comes from within and I am always surprised how bullish I return.

IF in the first 6 months of this year a clearer vision is set out by JZ and no negative news is brought about by the extra drilling then i am going to be hard pushed not to top up. Its just a real shame that the company and its asset are so far removed from what is happening in the market for Nickel.

Like many, i am well beyond selling a single share here now.

Happy New Year all.

Ballio.

He just a buy back at URU. Although he didn't cough up, but still got extra shares... Not sure on the final amounts of shares gained but that was the result of the consolidation..

Ballio

has anyone looked at the ratio of renweable/low carbon energy production and dirty energy in Japan. Excluding Nuclear.

Its not very good at all.

construction of PHE plants could be a very timely way of swinging this ratio and paving the way for improving their green credentials.

Japan have a lot to be desired in terms of energy production being limited by their small land mass and the rough seas limiting their wind installation potential.

JPN might jut be the perfect pilot country for mass DMG adoption.

Im getting started here, trying to find and understand the business case for PHE. Still reading, but does make some sense for JPN.

ATB Ballio.