Member Info for Bismarck

Just trying to make the blind see what's now so obvious. I got out and limited my losses to a reasonable level, others should too.

Let's see what Q3 results bring and what happens over the course of Q4.

You cannot say you were not warned.

I can no longer bring myself to fully read any unfounded pro-hum posts. Unless Q3 update is transformational, in a positive sense, for which I give a 5% chance, the end is neigh. So on that basis, the end will be neigh.

IMO we're looking at suspension of share trading in the next few weeks. There will be no more loans or raises at 4p.

Next step is suspension of trading, administration then sell off to Coris for peanuts.

Exit before it's worthless Darren. Surprised you (or anyone else for that matter) is still holding.

After countless unfulfilled promises of commercial production "tomorrow" followed by loans and placements I would have thought it obvious that this is a lost cause.

If they ever reach full commercial production I don't believe it will be under public ownership

Unless share trading is suspended in the meanwhile I think the next bombshell will be Q3 results. Last year's Q3 were issued on 26 October and notification of results date given on 19th.

Not long to wait then. Of course if results are delayed this year that's only likely to mean one thing.

I just sold my remaining shares at 6p. Will watch what I believe is now a terminal decline from the sideliners. I'll not buy in again, at any price.

Why would Coris not let this go into administration then buy it for peanuts?

There appears to still be some liquidity here, a couple of million disposed of today by the looks of it. Looks like there will still be an opportunity for me to dispose of the 100K or so shares I still have left in the 6's or maybe even 7 in the coming days.

I do think this is going the way of Scotgold. Suspension of share trading followed by administration, more likely in weeks than months....I do honestly hope I'm wrong though

4m is typically a whole months trading!

Surprised such a modest price movement given the volume of trades. Still, anything blue is good!

Bushy

As we now approach the end of the road for shareholders, is it not now a good time to do a Graham Donaldson (AKA Tindrum Boy) exit ?

a lot of dog poo is being posted here.

i think bonkers is 100% correct in his assessment of this company.

of the past dozen rns's i cannot recall anything positive other than the departure of db.

i've been a holder for 3 years, this week i bailed out, selling 600k shares at >8p before today's disastrous rns. anyone calling me a liar can go back to thursday pm posts where i declared my disposal. i now hold just a nominal number of shares, although in hindsight i should have sold those yesterday too. if the sp ever reaches 8p again i'll sell those too,

i've seen this all before with scotgold. their (now illusive) champion was graham donaldson, aka tindrum boy who disappeared once administration was announced. hum appear to be going in the same direction. time and time again scotgold said that commercial production was just round the corner, but debt climbed, placings occurred, and commercial production never happened. then administration! looking like a familiar story?

hum have bushytailed, their equivalent to graham donaldson to champion their cause regardless of how poorly they perform, and to belittle anyone on this board who disagrees with his opinions. well bushy i have but one thing to say, i hope, when this either goes private or into administration (the only options left imo) and shareholders lose all, that you'll consider two things -

1 - what a complete ass you've made of yourself

2 - how much responsibility you feel you have in causing any gullible pi's who may have absorbed your bull**** to invest lose money.

i give this charade 6 months tops from here...

I've sold 600k this week, about 400K of that this afternoon. Not expecting to see good Q3 results.

"There's only around a month and a half left in Q3 so not much longer until commercial production is announced at Kouroussa."

Does anyone actually believe this?

What % of your portfolio do you have tied up in this Bushy? Given your last post and previous I'd guess you've gone in heavy, 20%, 40%?

Has nobody here twigged?

"Note: Actual shares owned may vary" means he's pulling your legs and his post is not meant to be taken seriously !

I really cannot believe that none of you seem to understand that this is just a joke!

@Evraz

"We rerate to 20P with KOU at commercial level"

I hope that's true. And according to Betts we should have reached that point in Q4 23. Then it slipped another quarter, then another, then another. When will there be jam?

I guess this will fall back on no news, giving us a chance to top up before the bombshell....... ?

I only see upside in this in the short to mid term, reaching £13 - £15 over the next few months. I don't see any return for shorters . I'm no expert though, let's wait and see.

I hope your faith in this company isn't unfounded Bushy. Believe me I do. A fair amount of my pension is invested in this outfit. I'm getting tired of hearing that there will be Jam tomorrow....time gain, like a broken record. .. Let's hope I'm wrong and the multibagger rampers are right eh? One thing's for sure, Hum seriously need to get their act together and start producing...before the money runs out. Where's the high grade stuff that they said was just one blast away?

@Lew, if that reply was directed at me, i'll tell you this is, regrettably, this is my 3rd largest holding. As a long term investor I've been very patient with this company but there comes a point where you come to realise that you're wasting your time and money.

So when people like For2uitus or you for that matter post complete tosh about this being a sure multibagger I'll respond. The management has displayed such incompetence, and with this level of debt they may not be here this time next year, unless they can seriously get their act together and actually produce enough gold to start paying off that debt.