Member Info for BushyTailed

Who said anything about Q1... Stated cash and guidance is there for anyone to read. Why you don't bother reading things before mouthing off I have no idea.

Have you learned what a floating collar is yet, or are you just going to keep trying to ignore that you had your pants pulled down again? 🤣🤣

Bridge...

Stated cash and gold at the beginning of the year was 36 million. Yani on 500 AISC margin is Kicking off 42 million EBITDA.

TOTAL debt repayment schedule for 2024 is 77 million. So any reneg on debt for this current Banana skin would likely result in a decrease of that scheduled commitment rather than a requirement for more cash.

New hire starting today for the second phase of the tailings storage facility.

https://www.linkedin.com/feed/update/urn:li:activity:7175425699195822080?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7175425699195822080%29

The African play book

Promise

Fail to deliver

Ask for more money

Then Blackmail

Contracted mining rates have undeniably been missed, so what's next even if there is a quick resolution and a return to BAU. Will Corica just be a half ar53d unhappy partner, might just be best to cut them loose.

Have Corica been the ones with the recruitment issues then with HUM hitting them for a reneg of terms, re having to fill the roles themselves and in protest Corica have downed tools?

"Notice has been given to Corica to return to work by Tuesday 19 March 2024, failing which the Company will exercise its rights which could include, stepping in to resume mining, and working with alternative mining contractors and equipment suppliers to achieve full mining operations.

The Company is in discussion with its primary lender, Coris Bank International ("Coris"), regarding the potential implications of the situation on forecast production and the cash flows for the Group."

So by tomorrow, we find out if it's all BAU or what any cash impacts there are on taking over the fleet or taking on contractors.

"Potential" I think is the word January missed when he read the RNS more diligently than anyone else.

you can't post that people can't read an rns as you then go on state something that isn't in the rns.

calm your **** you lunatic

Lol Billy boy.

This is yet another example of your cluelessness, like we all saw with your comments about the hedge. Have you worked out what a floating collar is yet 🤣

I'd read that RNS again January. Ohhh the irony 🤡🤡🤡

9.3% up from session low now.

Lol Jammin Yes 🤣🤣🤣

Freudian slip??

That's from 2018 by the way... Just a little reminder of the kind of things that go wrong, just as you hit commercial production

Https://www.spglobal.com/marketintelligence/en/news-insights/trending/VYa0S6qw0azoeN3xNUFVXw2

Hummingbird Resources PLC said May 29 that at least three people were killed following a security incident at the Komana West deposit within the company's 80%-owned Yanfolila gold mine in Mali.

Hummingbird said several individuals were trying to prevent the company from carrying out initial site preparation work at Komana West when the incident occurred. This group disputed a plan to extend mining within the company's permit area.

Two of the deceased are believed not to be Malian nationals.

The process plant is continuing operations, and all company employees and contractors are safe, Hummingbird said.

Yanfolila achieved commercial production April 1 and is expected to produce between 105,000 and 115,000 ounces of gold this year. The Malian government owns the remaining 20% interest in Yanfolila.

It's all at 8% Jammin bar that 20 million at 12%. I can't remember exactly without trawling through but if I recall there's also 6 months interest breaks from the time the debt is drawn down.

12 months average gold price now at 2k. Even if you think Kor is finished Yani is still producing 42 million EBITDA, with over 35 million in cash and gold.

It's ludicrous and extremely naive to think this is anything but finished.

Has anybody actually bothered to look at trade volumes this morning before publicly calling in the undertakers???

Back within the wedge by the eow

Jammin.

150 million is not at 12%

Only 20 million is at 12% and that's also deferred for 2 years.

Impossible to call what are buy and sells after that kind of move imo.

Spread has finally tightened though

Yup tango... Inverse pump and dump.

Company has enough cash at hand to make first debt repayments and gold at this price ensure Yanni production alone can meet out the debt.

A long way from death spiral book build and warrants eh Billy? 🤣🤣

Funding isn't needed now... The problem in that update is a lack of information rather than the news it's self.

Corica being ordered to returned to work, so looks like they're not even turning up for some reason.

It will take around a month to replace the fleets, with one non corcia fleet on site, they can at least continue with blasting, just at much slower rate than expected.