Member Info for BPat890

It’s good to see half a dozen of your posts this morning have been removed for spreading libellous and misleading information.

The smear campaign is losing steam and now the serial sh*tposters have resorted to spamming the chat with false statements and abusing shareholders who post sensible predictions to steer any rational debate away from the reality.

Production is increasing, positive cash flow is increasing, hedges are coming off and the group’s net bank debt is falling quickly.

@Punter64 - is there anything you and GoldInvestor7 won’t lie about?

Kouroussa production has been ramping up from 300 ounces per week at the end of May, achieving an average of 800 ounces per week in June.

In the month of July the ramp up continued and saw production increase to an average of 1,200 ounces per week.

Post quarter presentation the company confirmed the ramp up had continued during the quarter.

4,800 ounces in July and on average increasing weekly pours throughout the rest of the quarter towards commercial run rates (aside from one week impacted by the mill relining).

I will take it on the chin if it’s marginally below the 15-16koz level, either way the group turned positive cash flow last quarter and net bank debt reduced by $18 million.

Just so we can all appreciate the master at work “koruso” producing 15,000 ounces in Q3 is apparently “wildly optimistic”..

4,800 ounces in July and ramping up through the quarter.

Weekly production increased from 300 ounces end of May to an average 1,200 ounces throughout July and according to the company the ramp up continued throughout the quarter.

Mill relining was completed well within the timeframe of two weeks according to the company.

According to Goldinvestor7 and his thorough research he claims a sensible estimate is Kouroussa producing 3,200 ounces across the months of August and September.

You are your own worst enemy 🤣

The self proclaimed multi-ID-millionaire spends all day posting to me. So much time and so little going on in his life that he would rather spend it posting misinformation and nonsense about a share he apparently has no financial interest in…

I smell a 🐀

Kouroussa produced 4,800 ounces in July and the ramp up continued throughout the quarter as the board stated in their post quarter presentation.

Your deliberate attempts to spread lies and misinformation throughout the quarter has backfired and now you’ve been exposed as a charlatan who lies about their net worth, their investments and just about everything else you’re taking it personally.

How sad you can’t keep your story straight. Multi-ID-millionaire turned chronic depressive with no life and only Hummingbird shareholders to keep him company lol

$18 million reduction during Q3 down from $153.5 million and a cash / gold reserves position of around $20 million at the end of the quarter.

A further $10 million from Nioko takes our net bank debt to below $125 million and the combined Nioko loans will be rolled into a long term gold linked loan note that the company can easily afford with hedges coming off in the next 5 months. Come April 2025 the gold price will determine how profitable group operations are - currently $2,700/oz +

A $250/oz uplift in the price received for gold sales this quarter courtesy of higher hedge prices $2,230/oz, a lower percentage of sales subject to hedges and the increase in the price of gold.

Higher production this quarter than last (circa 30koz is my estimate) as they continue the ramp up at Kouroussa and both mines are able to operate more efficiently in the dry season.

And already walking back his statement from last week: “by end of q4 i think they will be insolvent and share dealing suspended…”

That update really has shaken the derampers.

You’re still here!? 🤣

Non holder with “better things to do” but posts a load of guff about public ownership and make belief “stats”…

Net bank debt down $18 million last quarter to $135 million and another $10 million due in the coming days.

The facts are really important.

Quick reply Bismarck, for a non holder it sure is nice of you sitting at the screen waiting for a response.

Now that sounds like you’re walking back your ridiculous statement 🤣

Here is another one of your crystal ball predictions Bismarck posted just last week:

“by end of q4 i think they will be insolvent and share dealing suspended…”

Underplaying your role in the smear campaign I think. No doubt you’ll be here posting after year end, telling us all we didn’t understand the meaning of your post..

“Hum sceptics” frequenting the chat forum daily and posting they expect the company to go to the wall by year end?

What was the phrase you used Bismarck?

You are not here simply posting a different point of view.

You are orchestrating a campaign of lies and misinformation posting dozens of times a day while abusing shareholders.

You have wished their investments to disappear and resort to baseless accusations to steer conversation away from the facts.

We are all still waiting for you to share the workings behind “Koroso did 10000” … but seeing as you’re confident it’s now “8000” in the whole of Q3 maybe you can enlighten us all..

Kouroussa achieved 4,800 ounces in the month of July so how are you splitting 3,200 ounces across August and September..

Good of you to name all your aliases and fellow derampers under one group.

Boiler room gangs have come a long way since cold calling unwary investors into buying cheap stock.

Now they operate to manipulate the share price up and down through various forms of market abuse including spreading fear, spoofing, waging an orchestrated campaign of misinformation all to short stock and buy low before their team ramps the stock.

Bismarck making it so obvious where you stand defending the behaviour of Goldinvestor7 and Punter64 😆

Cheers Lew, you are right the boiler room gang have taken over and it’s clear they have no intention of going quietly.

They will go quiet again once the price begins to rise though like happened last quarter when Dugbe buyer interest was announced and the price jumped 50% in weeks to more than 9p per share.

Hummingbird haven’t been selling gold at record gold prices because of the hedges so your assumptions are flawed. Hedges are coming off this quarter and next as announced in the last presentation - just 34koz remaining at $2,230/oz over the next 6 months (average of 6koz per quarter)

This compares to the average gold sale price in the first half of roughly $2,050/oz.

Last quarter it was probably around $2,200/oz with hedges included.

This quarter will be around $2,450/oz with hedges included.

Gold price today is more than $2,700/oz.

@Bismarck I’m not sure why you enjoy your past predictions that were hopefully wrong being brought up, is it to defect from the other silly things the boiler room gang are saying??

Anyway here are your ‘highlights’ regarding the gold price:

RE: Gold

22 Nov 2023 17:52

“I'd be delighted to be proven wrong but I don't take any predictions about POG hitting numbers much above $2100 within the short to mid term seriously. In all honesty anything in the $1900 to $2100 range should do very nicely.”

RE: A quick turnaround profit?

30 Nov 2023 17:48

“What will happen to debt ridden miners if POG drops to $1300 in 3 years for example?“

@Punter64 - you have already explained why you believe Kouroussa production in August was 4,900 ounces and September 2,400 ounces, that is to say 7,300 across the two months. Your figures, not mine.

Now rather than distance yourself from the frankly absurd claim by GoldInvestor7 of “8000 ounces” across Q3 production you are trying to explain it 🤣

@Punter64 - haha changed user ID again?

As the company are responsible for what they put out you will have to direct that question to them. Nice try with that deflection though.

Now given Goldinvestor7 is responsible for what he puts out including the libellous statements and misinformation which has in the past been removed by admin he should buck up the courage to share his workings. After all nobody forces him to sh*tpost on here..

Of course given he has pulled these figures from his backside he doesn’t know how to respond except switch user ID and change the subject 🤣

@Goldinvestor7 tail between your legs, there’s a good boy.

We are all still waiting for you to share the workings behind “Koroso did 10000” … but seeing as you’re confident it’s now “8000” in Q3 maybe you can enlighten us all 😆

Kouroussa achieved 4,800 ounces in the month of July so how are you splitting 3,200 ounces across August and September..