Member Info for BushyTailed

At least we're on the bid this morning

100% wraith I'm in the same boat

A bag of sand here and there goes along way in HUM atm if you're Horizon is 300k ounces a year by 2026

Point proved many times over Kaiser.

Not to mentioned gains I made from SBSW and SLP whilst JLP did nothing like I said it would, you're now trying to troll here after having your pants pulled down over not even being able to understand what nominal means.

You're an idiot man, 1st class. A but hurt one stock cry baby. ;-P

Get a life, learn to read and save some cash...150 million dilution coming for jlp, BOD sold at the top and the chairman quit at the AGM on a 20xpe

You can post where you want mikie, honestly why would I care?

You need to get a life Kaiser

That's the point kaiser lol

Summary Highlights:

· Kouroussa is forecast to be a high-grade, low-cost mine which will produce an average of between 120,000 and 140,000 ounces ("oz") for the first three years of production and average 100,000 oz over the life of mine ("LOM")

· The LOM has increased to a minimum of seven years from the original five year estimate at purchase of the Project based on the optimised mine plan, and is forecast to produce at an average All In Sustaining Cost ("AISC") in the range of US$900-US$1,000 per oz throughout the LOM, with material upside potential through further exploration drilling which is currently being planned

· Industry leading project economics at today's gold price of $1,750 per oz*:

o IRR 71%

o NPV US$210 million

o Cumulative free cash of US$314 million

o Capex payback period of approximately two years post commencement of production

· Commencement of construction is to begin this quarter, Q4 2021, with first gold pour scheduled for the end of Q2 2023

· Total Project capex of US$97.5 million for a one million tonne per annum ("Mtpa") processing plant and establishment costs, with an additional budget of US$10 million for pre-production mining cost and US$7.5 million for contingencies

· The Project is fully funded through internal cash flows and a group financing facility from Coris Bank of US$100 million at a fixed interest rate of 8.5% over four years

· Key operational appointments and project construction contracts have been negotiated and are set to be awarded to internationally recognised partners

· 16,000 meters ("m") of a 24,000m 2021 infill drilling programme to upgrade confidence in the mineral resources at Kouroussa has been completed, with the remaining meters will be finalised on schedule in 2021

o Kouroussa's current mineral resources are 1.18 million ounces ("Moz") at >3 grams per tonne ("g/t") (625,600 oz indicated, and 552,700 oz inferred)

o The focus of the infill drill programme is to convert resources to reserves. A maiden Kouroussa reserve on one of the key deposits, Koekoe ('KK'), will be included in our updated Company reserve statement to be released this quarter followed by a subsequent Company resource and reserve update based on 2021 drilling due in H1 2022

I thought 30p was too low to be honest but here we I am with a 17.7

Hoping for my CEY trade to complete whilst we're still at 13p. If it goes my way, It'll pull my average down here to 16.9

Not sure I agree HG,

RSG pretty much unmoved over the last few days. Although it's depressing on paper, it's worth noting, if not just for a laugh at least but Simply WallSt have HUM's future cash flow value at over £5 a share lol

Kiaser i know what is says... Difference is JLP have a history of diluting shareholders in place of debt funding, whilst hum have a history of taking bank funded debt in place of issuing shares and you didn't know what it was until i pointed it out to you. How you can claim to be factual is laughable

Less than 400 million is issue for HUM, 2.5 billion in issue for JLP.Says it all really

moneyman, the published accounts are up to year end June 21

Like I said we've been over this many times... The basket value has dropped since year end June 2021

OMG Kaiser, you literally don't know what nominal means do you?

I'll help you out...

The nominal value of a company's stock, or par value, is an arbitrary value assigned for balance sheet purposes when the company is issuing share capital – and is typically $1 or less. It has little to no bearing on the stock's market price. For example, if a company obtains authorization to raise $5 million and its stock has a par value of $1, it may issue and sell up to 5 million shares of stock. The difference between the par and the sale price of stock is called the share premium and may be considerable, but it is not technically included in share capital or capped by authorized capital limits. So, if the stock sells for $10, $5 million will be recorded as paid share capital, while $45 million will be treated as additional paid in capital.

FAO Moneyman

"has been spouting unsubstantiated negativity here for several weeks and at the same time trying to talk up shares such as HUM which will need serious fund raising to progress."

Incorrect, I've only stated that costs are rising, whilst basket prices fall, that there's going to be a big 150 million USD placing and that the chairman has quit.

These are facts.

Secondly I have never come here to promote hum or even said you should buy it, in fact it's the opposite I hope you stay away from it but as you insist on talking about HUM's fundamentals, it's basically a debt free gold mine with 100k a year, profitable with a second 120k mine being built now which is fully funded by debt with no equity requirements, 12 month payment break and no early replayment penalties. The latter being important as the 80 million loan taken to develop the first mine was paid off early, again without dilution. The 3rd mine is FS stage and is being developed to DFS stage for free by an earn in partner. Did I also mention there's only 400 million shares in issue too :-P

Chew on that

I didn't realise they were raising, are they self-raising? lol

Basket price is down since year end June, we've been over this several times you're an idiot, please stop

Nothing negative about saying that the company is seeking to raise upwards of 120 million GBP and that costs have risen

They're facts!!

Kaiser

What's 30% of the current mcap, unless of course you actually believe a nominal share price is the same as the trading share price?

This is to funny, you clearly haven't got a grip on anything have you?

"Too much stuff in there to bother correcting but knock yourself out - please dump it some more."

That 's exactly what I told him yesterday Bonkers. He's not really got a grasp of much here or in JLP for that matter.

Apologies to everyone else but he's taken umbrage at me selling after their AGM.

"I couldn't care less. Yes, it isn't what I would want, but if that supposed 150 million brings the company to a billion pound market cap from where it is now. I make double my money from here, where is the issue with that?"

Holding to be diluted when you know it's going to happen. Buying back after the shares are submitted for trading would give you 40% extra buying power.

The lower the share price goes, the more dilution is needed. There'll be many posters or just one or two people with lots posts to make and up votes to click who need the SP higher. Genuine investors who can think for themselves on the other hand will sell, make money elsewhere out of PGMS and come back after the placing.

PS "Why would they be a placing, where's your evidence"
A. Resolution 5 of the AGM

Free money Kaiser, the best kind of money.

Big placing coming here, 150 million needed and the broker needs to keep you interested so they can dilute you. No bank has ever wanted to touch this company with a barge pole. Considering historically loose fiscal policies they've struggled to get anything more than a pre paid mastercard.

Why does this company want to issue up to 40% of capital this year rather than approach a bank, if everything stacks up like they say it does? No news here has always meant bad news and the Chairman has also quit whilst he's ahead too.

DYOR peep's there's some in here who are trying to take your eyes out.

Yes gold humming, you're correct it is CAD rather than gbp