Member Info for BushyTailed

Is a reversal coming?

Finger on the pulse Kadavul

Swatton it is interesting and I think it's an overlooked point too. It is entirely possible that HUM are positioning themselves to be come an owner operator.

Before the latest debacle at KOR I was dismissed by a lot of people here about the significance of HUM's more recent recruitment activity on linked in.

Silver/gold ratio currently at 87

All mining activity was halted for a full month because of the Conakry fuel explosion and as frustrating as this latest delay might be, I can 't see it dragging on for a month.

If the drill and blast engineer is on HUM's books rather than Corica's then the prep and blast work can still continue ahead of the main fleet returning to work.

60K ounces only are hedged to a max 2150, Yan low end guidance is 85k ounces at a top end AISC guidance of 1500.

Yani's costs are not diluted by Kor and vice versa, they're separate projects operating under sperate JV company structures.

So let's apply that 2150 hedge to the full 85k and that's still. 182 million then Kor gold sales as it's still producing and pouring gold from the marginal ore. It's only the actual of physical mining capacity which has been cut by 80% as a result of Corica walking off site.

Well 85K ounces at 2200 is 187 million a year.

More than enough to seek an extension of terms with no need for extra borrowing

With gold at these levels Yani is quite the back stop to the current problems.

Just got to hums twitter page jammin

Not quite sure what you think they've hidden, Corica's performance is actually quite well documented.

@Fishysaurus

No but see the most recent RNS, it would appears that HUM have been making payments since July 2023....

"Hummingbird has endeavoured to work with Corica in good faith since July 2023 to rectify the material breaches, providing interim payments and bringing in other contractors to support Corica who continue to fall behind their contractual obligations."

If he was half as good as he thinks he is, he'd be moving more than 1500 quids worth a time and he'd be nowhere near as excitable and emotional as he is.

He's showed his colours and was stupid enough to post his contract notes. Leave the big man be, if he truly thinks he's moving the market then they'll never be any rational discourse.

Don't filter him just yet though, he might yet prove to be a fantastic contrarian indicator, as he ramped it all they way down from 40p

Well if Corica's legal team advised them to down tools and make a company statement via a junior employees linkedin profile then I don't reckon they'll be much cop.

Back down to 97p

Bridgedog, that shouldn't take more than 30 mins tbh, they're not complex documents.

It hasn't there's been plenty of updates on the mining problems. But I appreciate it might seem easier to ask dumb questions than it might be to actually do a little research.

Presuming you mean Coris, Jammin?

Here's a possibility... Corica have been nothing but a bag of spanners and actually the BOD's excellent corporate governance have shielded stakeholders from outright extortion and provided breathing space to work out alternatives?

First time we're trading back above the 20 hour moving average since the first Corica suspension notice.

Corica have been mining just not to contracted volumes, so the plant can run the low grade and material that would not normally be prioritised but already mined.

Kor will still produce a fringe amount of gold for Q1 and probably in the region of around 5k ounces over the period