Member Info for Cheerfuldoor

I can’t remember when they took it down, it’s been a good few weeks now with no corporate presentation on the website. It would be nice to see Hum do another investor event, there's such a great growth story to tell here

Alright alright alright, Hum‘s got its mojo back

There’s also the promised underground mining technical study for KE Two Goals, I think

Yeah - you’re right GHum.

I’d seen in the Frank Campbell report that it says of Sanioumale West that “the potential pit is some 25km from the Yan processing plant so there would be a different dynamic involved in getting the ore to the plant, Bert mentioned at this point that it would likely be done fairly economical on a road train…all in all no big deal and it can be managed with AISC parameters”. It goes on to say that SE is “1 - 2 km north of SW”. See Pages 42 and 43.

Best rely on the company information rather than this report.

I’m also excited about the SE deposit. In the last SE drill results release in July there was a map marked with 60+ holes drilled awaiting assays. The deposit is 25km or so from the plant but in Frank Campbell’s report management seemed to think the distance ok - a ‘land train’ is mentioned.

It will be interesting (as I also hold Cora) to see how Hum’s SE deposit, described as ‘potentially material’ and Cora’s Sanankoro deposit compare after the years drill campaigns. Keeping my fingers crossed!

https://www.rns-pdf.londonstockexchange.com/rns/3679E_1-2021-7-6.pdf

Hi Bonker, thanks for the range. Yeah I would in many ways be disappointed if we were taken out at that level. It would be a profit, but after the emotional rollercoaster I would prefer to stay the course. Imagine the dividend potential once the promised 350k ounces per annum of production is achieved.

I think an m was added to the link by mistake, let me try it again. I’m sharing it for info, please don’t take this as an endorsement of the content. It’s a file found in cyberspace!

https://drive.google.com/file/d/1A318nkPecK6MzKMajCltUrOYfcZoeaHd/view

Border Terrier references “Frank Campbells glowing 72 page report” over on ADVFN from time
to time. I’d seen not seen it but found a link on Twitter today:

https://drive.google.com/file/d/1A318nkPecK6MzKMajCltUrOYfcZoeaHd/viewM

Whilst BT has correctly called the decline in share price to date, I was surprised that BT got one thing wrong. It’s 71 pages!

One new insight for me was the likely Investment to go underground mining was put at 25-28 million.

I‘ve topped up…again… certainly hope you are right Swampy!

I‘m curious that some have speculated about a deal as having been done for the company. Anyone care to elaborate on this idea? I find the lack of shareholder friendly newsflow strange, but very Hum like. Perhaps they are negotiating themselves to acquire - adjacent permits for example - and this is why drill results are not in public domain

Another week and no updated corporate presentation on the website…

And…if we go back to Hum’s release of 7th July for the SE deposit they include a map showing holes drilled but results not received. I don’t think we’ve seen these?

https://www.rns-pdf.londonstockexchange.com/rns/3679E_1-2021-7-6.pdf

Indigo were able to start their campaign a month later, finish it and get results out whilst we wait.

Strange no?

Hi Bushy, according to their Website:

Oct 26th - release of drilling results
Aug 10th - announced completion of drilling and release of assays upon receipt
Jul 29th - announced start of drilling

It’s a much smaller and less complex campaign of course

I mentioned Indigo Exploration have been drilling immediately to the east of Komana. They announced their drill results which include: 5m @ 6.11, 3m @ 12.65, 6m @ 4.75, 6m @ 3.13, 3m @ 5.53 on 26th Oct.

It will be interesting to see if Hum acquires them (I don’t hold Indigo myself) or does a deal.

What surprises me is that this small company has been able to me complete it’s drilling (announced 10th Aug) and get the results in the public domain so much quicker than Hum, a bigger company.

Hum last announced results associated with its much bigger drill campaign at Yan on 5th Aug noting that a significant number of holes were outstanding. Since then no news.

How are companies like Cora (completed drill campaign and all results announced) and Indigo, operating in the same jurisdiction drill and announce results so much faster than Hum. It would be good if management put themselves up to answer our questions. I also remain confused with regards the Q3 RNS numbers.

After a bright start in 2021 communication I feel we are back to reading runes rather than being told what’s going on with transparency.

I think Hum owes us investors a spa day to help us get over all these disappointments.

My typo not theirs.

It says ‘Updated Corporate presentation to be released soon’

Hum’s corporate presentation has been removed from the website and there’s a message saying update corporate presentation the next released soon.

I’m looking forward to new one - is going to be great with a Kouroussa in as a green light project. News drop imminent for Q3 too

I see Tang put out an announcement over at GCM as recently as last month.

Does anyone know what’s happening here? Are we expecting to relist? Hibiscus has value so unlike some of my Aim write offs there is shareholder value here

Then again, why are the drill results so slow? Delays as we were told, team too busy to deal, not that great so no rush to put in public domain? All will be revealed in Q4. I’ll be checking for RNS at 7am each day this week, that’s for sure!

At the start of the year we were told about the:

Mali exploration and mine life extension budget doubled to ~US$10 million

In the latest update we learnt more about the 24,000M Kouroussa infill drilling. Maybe I missed the size of this drilling campaign earlier but it’s signficiant.

I guess this will have a cost of circa 5M. Maybe this does explain the decision and timing of the Cora stake disposal. The amount of drill updates to come from both campaigns is certainly huge.

I’m trying to decide whether I missed the boat, not buying at 15p (I was in at other prices) or if, with the Kouroussa news, this current price is best time ever to buy more. Do I trade my Cora stake as others have done for Hum mmm. Decisions decisions.

https://www.indigoexploration.com/index.php/news-all/2021-news-releases/133-lithium-mineralization-discovered-on-djimbala-mali