Member Info for BushyTailed

Interesting Brett Richards is the CEO and director of Goldshore Resources.

https://www.linkedin.com/company/goldshoreres/

The opportunity or the risk here is the debt. There's no question about that for sure. If they can get gold out of the ground the debt will melt away, capital repayments come from the top end after cash costs, hence why we saw an incremental increase In the share price following repayments and before they announced the rollover.

The principle being 170m over circa 800m issuance is 21.25p alone, after that you argue about what kind of multiple the assets are worth once they're deleveraged.

28p in the medium term therefore seems a reasonable assumption ONLY IF they can deliver production, if not then who knows at what price it will eventually go for.

Solid argument from derampers, Can't believe a company has to pay taxes and royalties out of profit. Absolutely no company in the world does that.. what a terrible unique deal hum have found themselves in.

This is quite the evolution since they learned what "non binding means" 😂😂😂

Expecting at least 30p here ... Cmon TLW... Chooo choo

What does he mean by "unconventional" I wonder

Trip back towards 8.5p imminent.

Dugbe is more than economical, unfortunately the economies of scale for Dugbe are out of HUM's reach but certainly not out of reach of every producer. That's crazy talk.

Confirmed that the ball mill relining took out 2 weeks of production or roughly 50k tonnes or 2,900 ounces at 1.8g/t.

Should we therefore expect commercial production before Q3 update?

All shipping will be affected regardless of routes... There's only so much capacity available at anyone time, so if starts taking X amount of the capacity an X amount of time longer to tip a load then it's obviously going to have a knock on affect of actual availability.

Everyone will still ship, it will just be less at higher prices.

So does anyone actually know what "non binding offer" means?

😂😂

Watch shipping rates.... Targeting ships in the strait is only going to escalate now, journeys are going to take longer and the cost of of moving oil is only going to get more expensive

Watch shipping rates.... Targeting ships in the strait is only going to escalate now, journeys are going to take longer and the cost of of moving oil is only going to get more expensive

30p to 40p coming back again

Ignore the last, misread it.

16 mins time, have missed something?

It's doing us a favour at the moment. CIG can't take anymore without bidding 11.26 and they won't vote to dilute themselves by 50% for just 25 million

Assets, cashflow and future cash flows... Seen lots of much bigger companies than HUM got the wall, or fck the shareholders unexpectedly from absolutely no where. It's isn't something that exclusive to the junior market.

Me too Balio, to say it's been an emotional few years would be the understatement of the century. Despite making the most of the volatility to best of my ability.

Edit 31.2p

A triple bag for cogs 10.4p average would be 30.4p might not be good enough for some expectations but it would hardly be a total loss either