Member Info for BushyTailed

Getting there... The time table is the AGM, further announcements as and when appropriate is the runway position so that shareholders can make an informed vote.

Dollar for us as that's the currency we sell in

Someone has OFFERED to buy shares in a company at a set price... That's is a by definition a BID.

The terms of the BID are agreed and guaranteed pending the decision to proceed or not...That is by definition an OPTION.

I' don't really know how better to explain it to you Guvvi but you've even made assumptions of my post.

I haven't said anything which isn't in the RNS or is a personal presumption

Really Guvvi?

It's a first bid, HUM have 6 months to reject, accept or entertain others.

That's it.

Had this option not been agreed then we would be going bust or completing Kor dependent on Yani Q1 and 2.

Now HUM have an option that guarantees Kor into production, surely you see that as slightly improved situation, pending Q1 and 2 at Yani?

Guvvi... you need to calm down and read it again... I was equally as upset however it isn't quite as bad as you think.

For instance, you're complaining that there was no consultation period, however it's subject to share holder approval at the end of June.

That's literally 5 months away. CIG second tranche is merely an "option"

HUM have 5 months to raise that cash from operations or elsewhere, if they can't then it's an option of last resort to ensure Kor production. 28k needed out of Yani for Q1 and Q2 to avoid it if there are no other forthcoming bids

Long way to go yet before it's a done deal

Well the 2nd CIG placing is to be voted on by shareholders at the AGM in June. By which time Q1 will be a known and we'll be far enough into June for the company to update accurately on the "Kor runway position"

55k ounces for H1 with a sub 1300 and the 3.7 million held in gold, the yes vote starts to look slim. Secondly, it's also an invitation for bids "pending shareholder" approval HUM is for sale if you can beat CIG'S price.

I have no idea which way it will go but one thing is now guaranteed... A 240k multi jurisdiction 1200 AISC producer

Bond holders are merely the first paid. They have no influence or shared liability that a burdens a shareholder. The only influence credit investors have is purchase power, they'll either buy or sell that is it

Sorry moleman your assumption is grossly inaccurate, it's such a moot that I've now checked out of this ridiculous conversation.

"Behind the scenes they may be under some pressure from bond holders who don’t want to be holding till 2052 at 5%."

Bond holders aren't shareholders though, if they're not happy with their credit investments they can sell, they don't have any recourse with the company for more advantageous terms.

The markets are currently long on long end credit which creating rate inversion conditions for companies with long end debt and positive cashflow to buy back that debt and refinance on hopefully shorter or cheaper terms.

When yields start falling, borrowing will increase, the transactions in-between are merely bets on central bank pivots.

"website under construction"

https://www.coris-investgroup.com/

Best person to write to if you don't want this to happen is Ruffer imo

Guvvi, I think some peoples rose tinted glasses are welded to their faces.

Hard work has been done and carried by the pi, this deal could have been signed off at 100 million and I might not have been too ****ed to have a buffer going into a military coup, Chinese lockdowns and record oil prices.

Now it seems like a just in case, right after the danger has been and gone

Currently, it's a phased earn in. They end up with circa 15% if it actually happens and that's a big if now.

GGP is a potential royalty stream company with huge dilution risks... M&A with newnount and newcrest will affect their 15% JV

We don't though that's the thing... I'm a relatively responsible for a lot less shares than most here and I control circa 0.10%

I'll be voting no... I think the cash will be fine come the back end of Q2

40% dilution because they lost millions trying to save peanuts with 2 bit cracker jack contractors.

I haven't seen anyone reporting Q4 sales at north of 1800 dollars

And only 300 million shares in free float, the bidders will also have to lift their prices exponentially.

Kor to be producing in several weeks time and revised guidance to TBD but on 140k ounces at a $300 AISC margin is 42 million dollars which will roughly look like FCF of circa 60 million and earnings of circa 21 million for FY 23.

2024 gets even more interesting with the higher grade underground KE material being processed at Yani to take us back to 100k plus and 140k from Kor. You're now talking 240k at a conservative 300 margin, or FCF of 100 million, 72m gross earnings and a net of circa 56 million

I think that's the exponential growth they're referring too.

*hence the low 2023 guidance