The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Coris is only the lender, Coris Investment Bank is a shareholder who's rights sit pari-passu with all other ordinary shareholders.
Read and learn about things that might be important to you then that way you won't need to invent or listen to conspiracies to fill your knowledge gaps
It's not an ideal situation playboy but realistically I don't think there's much chance of that.
Default is a long way away and insolvency further still
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?