Member Info for BushyTailed

Financing of Korroussa is for all intent's and purposes already sorted, they would have known how to fund it before even filing for the ML application.

The necessary agreements would have already been drafted and also agreed, this time now is for all relevant parties to review the finance agreements one last time and execute them accordingly.

Given covid and people working from home and very much dependent on who the underlying signatories are, we could very well be subject to the mercy of Royal Mail with regards to collecting all signatures.

Something that should take no more than 3 working days, could actually take a a couple of weeks but none the less, the project finance RNS is imminent and we all know what it will do to the sp.

Well some of us do anyway

To put it simply... Taking on debt, to pay off debt is not what a healthy company does.

CLN's are the worse and erode share holder value

It's a bit like ocean finance

Taser... 12 million cln drawdown facility being used to pay of other debs and circa 15 million placing at 75p just a couple of months ago.

Looking at 50% dilution within the next 12 months and growing debt rather than paying it off.. That is not the definition cash accrual, you're deluded if you think it is.

SP won't go anywhere with such a huge overhang facilitated for debt whilst they can't grow production or reduce costs. Not withstanding the fact that this could even be suspended come the end of June.

Why someone would be here is beyond me, when there so many more stable and reliable gold miners who are actually accruing solid cash

"There comes a point when assumed faith in the competence of management tips over to complacency. Not a good place to be."

You're getting confused with your SRB punt Adam, fingers crossed they don't get suspended from AIM in June

If you're scared of what tomorrow might bring then you'd never go to sleep.

So far there's only been incorrect assumptions about a persons character, rather any genuine attempt to talk about fundamentals or technicals even though those are the cards you claim to hold over anyone else who disagrees with the investment case here.

It's sad and says a lot more about you than it does myself.

Ah well that's life, silly billies everywhere nowadays. If it's okay with you, I'll carry on making fact based posts and you can join in at any point choose ,to discusd the company and the data rather than myself.

Good post happy smell.

To add to that as well, people should consider where abouts in the accountancy process do these costs actually occur, they're not headline costs deducted from revenue and some are actually inversely off set against expenditure costs.

Only VAT is calculated on the total revenue corporation tax is the very last deduction and is usually offset against investments made in the project and communities. So add the cost of the build, interest, drilling capex and ESG you can see that the corporation tax is likely to be close to zilch for a very long time.

So we agree then, they're not throwing off cash after all ?

It looks like i've done more research here than you initially thought doesn't it?

So circa 40% of the Coringa payment wasn't from Drawing down on Contract Loan Notes then.

Literally borrowing from paul to pay back Peter and creating an overhang in the meantime.

I'd sell before the dilution hits then if I was you Juxta. Like you say too much of an unknown and no transparency, only an idiot who believed that would not sell when they're looking at imminent dilution.

Will never move the share price unless it's pump and dump.

Project financing RNS's are the ones to look out for. As for the share price 21.6 was the number to hit for a technical consolidation .

let the children play, the project finance RNS will prove the adults right again in a few days.

8 in 68 minutes or 1 post every 8.5 minutes on a company that he doesn't hold.

Glad to see he's trying his best to live up to yesterdays prophecy

If you remove all semblance of rational probabilities then EVERYTHING is an IF, so on the basis of IF.....

*If AISC guidance is to be met by year end then the HUM will enter 2022 with a circa 1000/1100 AISC
*If POG continues to maintain it's strength then 110k ounces then project EBITDA is circa 71/82 million USD
*If you use EBITDA as a conservative fag packet FCF then Kor total project cost is 71/82% percent covered by 1 year of Yanfolila FCF

it's not even worth arguing about whether or not HUM can afford Korroussa or not.

simply embarrassing

DIM by name DIM by nature.

If full year AISC guidance is 1250 and the first half of year was 1450 AISC then what does the AISC need to be at the end of the year to match guidance?

In your own time thicko?

"Throwing off cash"

Behave yourself, they're not throwing off cash at all, they've got free cash flow purely as a result of the 75p cash raise

To echo Kamie's sentiment, the time for trying to correct you tiger has been and gone, we just get to laugh at you now from here on out.

Enjoy the ride loser

Clueless brigade getting more and more desperate.

Still not holding Tiger... Ah well

What investment case pedro?

Don't be so vacuous... What exactly is the investment?

I made a mistake thinking i could trade it... It took me 1 order to buy and took me over 1 week to sell, says it all. Tell me though, what investment case specifically pedro?

*That they have zero corporate governance
*They can't deliver on growing production
*They can't even file on time
*Less than 6 weeks until they get suspended from AIM (tick tock)

Take your pick