Member Info for Carribean2029

TK. I think Cora will get happily dragged upwards as HUM progresses. It’s a win-win for HUM and Cora alike.

I think it clearly shows that even when there is a seller in the market, rebalancing their portfolio, that this share has been resilient. Despite my grumble this morning, I hold this share with a tight grip, as the fundamentals on this business are clear.
I seriously need to drink a coffee and smoke a fag before posting!??

But there have never been tigers in Africa....

I think I’ve apologised already, but I tend to remember “buy on the story, sell on the facts”, and I certainly hope I’m absolutely wrong.
GLA

Perhaps an ill choice of terms on my part. Mea culpa.

I apologise unreservedly to the environment and social justice for the inference that they are anything less than important. I guess I find it poor timing to release an RNS on this when results are due. I’d be intrigued to know when we joined as I could well see this as a delay tactic; that was my rationale for calling it fluff.

I hope so GB
I hope so TG

I am not whining, but maybe I am, or maybe it’s a rant. I just hope it’s not a distraction strategy to paper over cracks. I very much doubt it is, but I’m a suspicious bugger and don’t like the timing of it when good FACT news is what we’re looking for, rather than fluff

I hate to be the guy that ****es on the embers, but this is a load of fluff.
Not only that, but we are the smallest of these members by magnitudes.... what’s the rationale? Presumably to get the attention of II’s?
Or is This is a big boys club, and If DB is anything like that knob Matthew Idiens, who they were all pally with when company listed, then DB has done this for his ego and his own self-fellating.....
Where is the news that the market expects?

What a pillock DB is.... when the next update is due, he sends a fluffy card

Annoying as they’ll happily let me sell my entire holding....only wanted to check....I’m a holder

Have been trying to top up this, but no quotes from HL....

I appreciate you are pressing a point, nevertheless I think you have completed missed your own point, but if you missed it, Juxtapose made a very eloquent remark in relation to mandate (I used the word remit).
A fund manager simply isn’t allowed to be overweight beyond their mandate. It’s basic maths really. Of course the money is going elsewhere.....it’s hardly sitting in cash.
The point is well made when you sit down and work out that he has probably outperformed his own mandate benchmark for the top-up he made leading up to
December.
Juxtapose rightly points out the PI’s don’t live by the same rules as FM’s. You either know this stuff or you don’t. I can’t help you see something that probably isn’t there.... a 3% shave off their own holding sounds like a re-balance to bring it back into mandate terms.
I have no opinion on whether this is true or not in this case. But the FACTS remain that FM’s re-balance all the time.....it’s how funds operate. They don’t have free reign like PI’s.
You are entitled to your own jitters based on a series of trades that represents 0.3% of the issued capital, and you should act accordingly if your own trousers are feeling like you haven’t got enough underpants on, and if that’s the case, good luck.
I’m frankly enjoying the golden sunshine and making another hut for my little lambs

DIM (short for dropinmonkey), I’ll use that handle from now on if you don’t mind?

Fact: the biggest shareholder increased their holding leading up to December when the price was around 20pence.
Fact: the biggest shareholder has recently sold 1.21million shares in a rising market, possibly yielding £100k profit in the last six months.
Fact: the sale of the 1.21m share represents 2.69% of their holding, not the company. It represents about 0.29% of shares in issue.
Fact: Jupiter became a significant shareholder last year from nowhere
Fact: other fund managers have trimmed 500,000 shares and change of each of their portfolios over the past few months

It’s up to you to decide if you want to follow those sheep or not......hardly a running herd. I am no shepherd, but I do make shepherd’s huts.

No offence dropinmonkey, but your assessment is complete tosh. You have absolutely no idea why he is trimming. Perhaps, as most fund managers, they have a defined remit on value exit times. Perhaps he has a desire to diversify portfolio because of said remit.... perhaps he just woke up, took a dump and thought I’ll sell hummingbird and buy a new house. Whatever it is, the price has held despite the selling, demonstrating a resistance.
Whilst it’s frustrating to see a share resist upward movements, the resilience of the share is clear.
I find mind reading a fruitless act, however, in the immortal words of Winston Churchill, “one of the greatest lessons in life is learning that even a fool can be right once”

Debt is due to be paid off by end of Q1, 2021 I seem to remember. Correct me, someone, if I am mistaken?
Dan is keen to see debt paid off completely and they have accelerated this, and if he holds firm then there is no chance of a buy back/div.
that said, this was before Covid and things change. Perhaps a change to a DIV strategy attracts the right IIs for future fund raise for Dugbe?
Thoughts only.
DYOR

I see the fundamentals are coming together for HUM, but because it looks unattractive, at initial glances, and it’s not a massive mine (only five years left at 500,000 ozs and change, it is tricky to attract the IIs. That said, there’s a lot of Clearwater potential ahead for HUM with plenty of margins potential, so announcing a Div wouldn’t be a surprise given where we are now. There’s funds out there that need to pay income and there aren’t that many attractive central bank rates kicking around, so a DIV now would attract IIs and could influence SP considerably as a result.
My opinion only.
DYOR
And I am in this for the longer term, despite jumping out partially to take opportunities elsewhere, not many of which have worked, hence why I prefer to sit here now.

Daft as a brush Goldenbull. Not a pirate, but can’t see from both eyes....does that qualify?
Good luck to all. I follow this board daily and have for years. Rarely do I get my keyboard to listen to me, so don’t expect many contributions

I just don’t see the trades as big sellers. Overall, the total value of Sells AND Buys today was around £334,000 and change. That represents about 0.34% of the issued share capital. Hardly big volumes in my opinion and absolutely unlikely to nudge a share in any way, particularly when its market size is 20,000.

I have faith in HUM, and hold it for my own reasons, have been in an out over the years, but never completely out. I recently dropped GGP in favour of the balance sheet value of HUM as, despite DB not being the greatest PR agent, he is keeping his powder dry for some reason; possibly vanity? Wanting to show the market that you don’t have to hype a great company, but he numbers will talk for itself.

Just my thoughts and opinion. DYOR and GLA.

Hi Tiger,
I’m speculating, nothing more. I appreciate it’s a big country, but if I were in (his) shoes, I’d be inclined to show support, even at £25k investment.....it says a lot to the market and I see it as positive, rather than a negative.
Wasn’t trying to upset anything or anyone; just saying it as I see it. The recent violence over the past month or so has been concentrated in the central and southern areas, hence the need to send British troops in which was announced earlier this week.....that said, I’m only reading the world news and I’m not on the ground

I imagine that the increase in reports of the The threat of terrorism in Mali from IS could have prompted Mr Betts to show his solidarity with s/holders.

dougal66
I agree with you. The company and the directors need to approach this rationally and start delivering a product/service that has practical applications to the real world problems.

I’ve been waiting, and have patience, but i like many others would be pleased to see concrete progress.