Member Info for BushyTailed

"if I'm proven wrong, I'll come on here and suck it up"

And yet your modus operandi is just deleting your account and starting a new one??

Exactly crossthetea...

We just need to vote no on the rule 9 waiver and send it packing

Edit

*of the Coris debt, circa 135 million of the 165

*falls due by Q4 2025 (within 12 months)

I think you've missed the point Goldy... Trade payables whilst a liability are a reflection of OPEX costs, managed on an ongoing basis and are a standard feature of accounting.

Liabilities that outside of OPEX is 135m of Coris debt which falls due within Q4 of 2020 (within 12 months). I definitely wouldn't call it vindication, you did nothing but mislead people to think that HUM had to find 300m by this time next year when that obviously is not the case.

I knew there was a reason why I had one of your previous account filtered, you talk none stop bowlocks.

Hi James, thanks for the reply...Although I don't think I was succinct with my question about trade payables. What I was asking and also believe at this stage is important for shareholders to know is...

How much of the 152 million is debt that is owed to Coris related parties and falls due within the next 12 months?

Best regards

Bushy

...........

Good morning Bushy

Thank you for providing clarification. as noted in the Beaver Creek Presentation, c. US$135M is due by the end of 2025. of that US$30m was due at the end of October and has been rescheduled through waiver agreements. Please note that were Hummingbird default on any of its payment obligations, the full loan would be required immediately.

Thanks

James

............

Hi James

That does clear it up, the wording chosen in the update (trade payables) give the impression that total liabilities might have been 300m, (services plus debt). Which I didn't think would be the case but wanted to double check incase I had missed something.

Thanks again and good luck over the next couple of weeks and beyond. Hopefully we can announce commercial production prior to the 4th December eh?

Best regards

Bushy

....,........

Hi Bushy

Apologies for any confusion. To clarify, there are two separate liabilities:

1. The US$155 million in debt (Coris and CIG), which, as noted above, is largely due over the next twelve months under the current payment schedule.

2. The US$152 million in payables to suppliers, contractors, and other elements across both Yanfolila and Kouroussa. These payables are managed on an ongoing basis with the support of our suppliers. It’s worth noting that trade payables are a standard feature of any business and are governed by various accounting standards.

Let me know if you need further details.

,...,.....

Hi James

would you mind if I shared this on the forums, I think it would help a lot of people understand HUM's potential inflection prior to any proposed/possible bid and issuance of circulars?

Thanks again

...........

Hi Bushy, happy for you to share. One thing to correct, with the recent reception of the further 10m from CIG, the debt is up to US$165 million

Exactly Kenji... Just don't give them the rule 9 waiver and none of this happens then commercial production will be announced

It's a Coris related party, for all intense and purposes it is Coris, they are the beneficial owner of the cig/nikoki whatever you want to call them.

I owe 80k on a mortgage secured on a property worth 550k. If I default the bank don't get the entire value of the asset. But that's what Coris want to do and it seems like some people here thinks that's normal.

Is it fork, vote no on the waiver and call their bluff.

All the progress this SP had made courtesy of building cash is now gone. Sure it'll grow again as the balance sheet grows again, just make sure you cash in before the Junta does.

Wake up, the precedence has been set. Every time a company has a cash on it'£ balance sheet, the bod is going to get "arrested for tax disputes" and they're going to hand over shareholders cash to secure their release.

Mali is done now

Damn predictive text.

*Treat all shareholders equally

They can let it go bump with though without calling in the administrators and at which point Coris would cede all control of the assets and the BOD and would be Pari Passu with all other shareholders net of the debt.

I rather think that a suitable and capable bod appointed by administrators could sort out the production problem and restructure the debt. So let Coris call in the administrators and let them cede all control to an independent body who will put the debt and jobs before the interests of Coris.

Shareholders here would be better off with administration, in fact it's my preferred outcome. For starters they pack Dan and Tom off on day one and that all shareholders equally and fairly.

Oh orange or ignorance

Why anyone would sell or vote to cancel the existing rule 9 waiver of 11.26p, is literally throwing money away. Coris are being cheeky and they're relying on the OG orange and fear of independence shareholders.

This all no more than a "can I have your money?" All you need to do is say no and it doesn't happen.

Simples

So typically African....Over promise, under deliver, lie then steal. Barrick's BOD must be bricking it right now.

What's going on in West Africa is going to set the region back 100 years, thick as fork. And to think this is the mentality stock we're now importing into our country instead of Europeans.

This is a savage stock.... Back to the twos again it seems 😳

You don't understand... Coris related parties are not allowed to vote on the rule 9 waiver.

An independent shareholder is anyone who owns shares and is unrelated to Coris

Like I said this morning....

"Fantasy returns"

I haven't offered any opinion on whether you've bought or sold, I literally couldn't care less but as for infected with conspiracy, you definitely post none stop bowlocks and I'm not the one with several different accounts 🤣🤣🤣

Let's see how long this one last for.