RE: Cora Hum falls19 Mar 2019 09:04
When i was out in Mali on the site visit in 2018, a representative spoke to one of HUM management about this very issue as the original article came out the 2nd day we were on site. it was all taken out of context even a year ago and not an issue in any way shape or form.
What is making the PI nervous at the moment is the waiting on the confirmation that the pit wall issues are now behind HUM - Well i wouldn't be worried about that, with HUM on track to produce over 30koz of gold during Q1 the pit wall issues will be well and truly resolved. No doubt the next update before the Q1 results will confirm all that.
It will be interesting to know the ratio with ii to PI holding, i recall late last year it was around 20% PI hollding, i suspect that is in the teens now! Lots of sticky hands hold HUM shares and as we know from the recent RNS a new ii has a 5.05% holding.............thats around 17.5m shares bought.....no doubt majority being the private investor who gets bored and is happy to sell at a loss......when will we learn eh!
Good to see TBTT back on here.....even though he is very rusty in his current knowledge, and if that was an attempt to stir up some negative spin....well, that just not cricket!