Member Info for Ballio

Nothing yet.

Moz,

Similar thoughts here. I have been steadily accumulating here, and have grabbed more this morning at 3.38..

I am getting to a bit of an overweight position though so unless there is a drop to 2p today i am DONE adding to my holding.

2021 is going to be a great year for this company.

Ballio

yes, no formal announcement, just ensuring in a position to accept what ever the outcome is for the dividend.

no intention to cause concern, just preparing.

Ballio

urbanguru, apologies unsure about T212, but have been in contact with Hargreaves Lansdown in ISA and SIPP and they are capable of processing them.

Ballio

just emailed LH asking if we are going to be getting a bit of a round up RNS say mid may to park the Q3 results and put a line under the news from the first 4 months as its been thick and fast but little substance in terms of details and dates. Alot of very big aspirations and some justification but we need a touch more in my book to really understand the gravity of what is happening currently.

ATB Ballio

There are so many bent people involved with this company. Whenever we have a day of reasonable trading I always think "eh up what's going on here then?". Let's hope there is news of some substance and value.

Ballio

scrip given the circumstances is not the end of the world... just not a huge fan of growing shares in issue....

as long as there is clarity of the next 12 months ambition regarding cash payments then i think its forgivable, people cans still sell on the market if needed......

Ballio

As we move into whatever the new world will be I am reflecting on a few of my investments and the board of those companies.

NRR has been what i consider to be pragmatic opportunistic, realistic and cautious all at the same time.

This commodity in business operation is not something that has ever really had to be tested in recent decades in such a way. Personally this response to covid and communication and actions over the period is something i will be trying to gauge in future investment eleswhere. If this has not been a trial by fire, especially for certain industries i dont know what is.

I am very happy with my NRR investment to date and loook forward to being a VLTH rather than a LTH.....

Bring on the dividends! Hazar!

Ballio

have you read the conclusions part of the report.....

Its pretty much blank.

But the report is pretty surprisingly in depth and full of information. It is just tht though, informative, and there is no real commerciality to it currently.

When Blue Rhino do complete their DFS it will be much more valuable and hopefully that conclusions section will be the reason we see the SP jump and hold.

Ballio

Personally looking at Kananabo and its recent explosion of share prive relative to actual value, im happy to wait around here on Aquis and develop a holding at a reasonable level especially if the board continues to deliver the quality of news and sales it does.

Not sure of the multiples of PE that Kananabo has recently achieved, but if sales here continue to grow as they have before we are available on LSE then it just increases the pressure of the spring for the eventual price when we do make it too the LSE.

Ballio

For me this means a wider demographic of the gen pop having cannabis brands put in front of them and normalising the industry.

It will play into our competitors hands also as the industry is more widely accepted. But it should have the desired sales effect for LH too.

But it would be nice to understand the details as you say.

Ballio

Notes to Editors

Hummingbird Resources (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold production, development and exploration company and member of the World Gold Council ("WGC"). Our vision is to continue to grow our asset base, producing highly profitable ounces, while central to all we do being our Environmental, Social & Governance ("ESG") policies and practices. The Company currently has two core gold projects, the Yanfolila Gold Mine in Mali, and the recently acquired Kouroussa Gold Project in Guinea. Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by Pasofino Gold Limited through an earn-in agreement. Construction of the Yanfolila mine, was on time and on budget in December 2017 having produced to date in excess of 321 kozs (as end of December 2020). Mineable Reserves, as at 31 October 2019 Yanfolila were 7.9Mt of Reserve ore @ 2.66 g/t for 676,000ozs gold. At 31 March 2019 Yanfolila had a total Resource base (inclusive of Reserves) of 28Mt of Ore @ 2.23 g/t for 2,005,300ozs gold. The Kouroussa Gold Project has a Mineral Resource base of 1.18Moz @ 3.08 g/t, which we are working on to be fast tracked to production, adding an additional c.100,000 oz of gold per annum to the Company's production profile.

Feels a bit like a corporate underlining like we haven't seen before. The picture painted above suggests gold of 3.185m oz of gold now on the table between Yan and Kouroussa.. which will still grow.

Even at current AISC, that's years and years (15 years @ 130koz's for Yan alone) of profit from a NET DEBT position. I wanted to see this summary put forward.

Chill everyone, hold your tokens and enjoy the future...

Ballio

are we expecting to see some big buying on comex today prior to the $ dilution this week?

Could be an interesting afternoon for gold.

Ballio

Bushy,

The tone of all communication between the investors in the group has been a considerable cut above the tone you employ here. The people in the group have not broken down at all and continue to drive constructive and informed responses to the common goal of the group.

It would be my suggestion that you do not comment on things you do not know or understand any more, it is a waste of the other bulletin board users time...

Improvement and prosperity are the key principles of the group, so far I have seen nothing to contradict this.

Peace in the middle east is as real as Santa Claus.. I just hope that improvements at HUM slightly more real than St Nick.

Ballio

In the conclusions of the report there is a section on........... you guessed it............. MAGNETITIE RECOVERY!!!!!!

It says "this should be explored as a potential additional revenue stream in the early stages of the projects development".......

triggered

Ballio

Some of the niggles that poked me a little bit in this the text.... my comments in "CAPS".

Background to and Reasons for the directors recommending the Disposal

The Company's current market capitalisation is just over £4.4m. Over the 12 months the Company has been valued as high as approximately £5 million GBP and as low as £700,000. The Board believes that this valuation does not reflect the current value of the Project or the potential exploration upside. This is partly due to the lower trading volumes in the Company's shares, which prevents shareholders from trading in meaningful volumes or with any frequency. The Company has seen projects it believes to be similar achieve much higher valuations when owned by TSXV listed entities. The Board believe by selling the Project to a TSXV company it will be able to obtain a higher valuation of the shares it holds in that vehicle than the current value placed on the Company on the AIM Market.

Furthermore there are large number of Africa focused mining and exploration companies that are listed on the TSX or the TSXV and, therefore there is a listed peer group to provide comparators to BRC.

"THEY COULD HAVE JUST SAID THE UK THINGS JZ IS A SHOP FRONT"



Summary of the Sale Agreement

Under the Sale Agreement the Company has agreed to sale and BRC have agreed to buy the entire issued and outstanding share capital of Zebediela Nickel Company (Pty) Ltd. ("ZEB") in consideration for which BRC will issue to the Company the Consideration Shares. Completion of the Disposal is subject to a number of conditions inter alia:

· the completion of the Concurrent Financing of CND $2,000,000 by BRC;

· the completion of the Consolidation;

· receipt of all required shareholder, regulatory and third-party consents, including approval of the TSXV and the shareholders of the Company; and

· satisfaction of other customary closing conditions.

Pursuant to the terms of the Sale Agreement URU has agreed to transfer its rights to buy out the Royalty to BRC. The Company has also provided certain warranties to BRC in respect of ZEB and the Project.

"FEELS LIKE WE JUST GIVING AWAY A GOOD CHUNK OF THE COMPANY FOR A KIND OF BUDDYING UP ENTRY TO THETSX?"

Interests of the Directors in BRC

It is the expectation of BRC that Mr John Zorbas will invest CAD 75,000 in the proposed Concurrent Financing by BRC to show his support for the continued development of the Project, and the valuation of the transaction agreed between the Company and BRC. Details regarding the participation of Mr Zorbas, and other directors, remain to be confirmed and will be notified to Shareholders.

"CHEERS JON.....IS IT REALLY EVER A GOOD SIGN THAT THEY HAVE TO FINGER JZ HERE AND SAY, WE ARE STILL UNSURE HOW TO DEAL WITH THIS CRETIN", BUT WE WILL LET YOU KNOW ONCE WE HAVE THE MOST PALETABLE WORDS TO USE.

Ballio

I listened to a very interesting video on Kitco yesterday from a guy called Michael Gentile, he paints a pretty straightforward situation re rates.. as said below America is ruined, and its not really got a workable solution.

Currency devaluation in the long term for USA is pretty much the only way.... but lord knows that devaluing the stars and stripes is going to be difficult for ALL Americans to stomach.. its anti American.... but its what is required to prevent the looming meltdown....

very interesting few decades ahead.

Ballio

https://www.youtube.com/watch?v=O8JFFK71PCc

https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=LIFE

mmm GBP is crushing the USD and has been for some time now too.

gold is really struggling to stay low in my view.

It makes no sense to be honest.

Ballio

Personally if the company can operate itself into a large enough entity overt the next few years under the radar profitably then negotiate a main market listing when it complies with the criteria we will see unbelievable levels of appreciation.

Its all about performance and development in the next 2 or 3 years. Initial steps or recent action looks promising.

Ballio