RE: Re : change of pilot10 Sep 2018 15:37
What a load of rubbish..............seriously give yourselves a head wobble! I have said this from the very first moment that we got wind of the BH "Arms length investment" - There is not enough detail around the deal at this moment in time to be able to come up with any positive of negative reason to or not to invest. I am more than happy as a shareholder and given Dan Betts leadership and how he has delivered this project to date, to sit and wait until the full details around this deal come out by way of an official RNS update. If it turns out not to be a great deal then i will support HUM's decision to walk away. If the deal meant that in the next 12 - 24 months HUM could be sat there with another Yanfolila on their hands making the same margins with low AISC then i am all for it! Do you really think that HUM would enter into a deal without it being of major upside. Get real you lot you are literally talking down your own investment. Having continued communication over the summer with HUM management and as my right as a shareholder i am more than happy with how everything is going both operationally on site and the running of the company back home.
1. We are within touching distance of initial drill results for LOM extension.
Nearing the end of Q3 and hearing the results again, which is likely to be in line with expectations otherwise we
2. would have heard via RNS that productions was not on track.
3. We could be in a position where net debt is a stones throw away from being zero!
4. We are closer to potential share buy backs.
5. We are getting closer to being a dividend paying company.
BH is not even a drop in the ocean but the rumblings from HUM since they made the $1.5m arm's-length investment (which may be increased to US$2m), in the form of an interest bearing convertible loan.
"In the form of an interest bearing convertible loan".
The moaning ceased during August whilst most PI's probably went on holiday, the sp recovered to around 29.5p as soon as the holidays are done, the moaners return (who proclaim to be investors) and the sp begins to drift again. Get a grip, be brave, patient and wait for the next wave of news, updates and progress. You can pretty much be assured that Dan, Bert and the team are working around the clock to continue to deliver this project in the early stages of its production infancy! Which has to be said is nothing short of brilliant! We have had one element of bad news and that was the unfortunate security incident on site and that was completely outside of HUM's control.
Proactive Investor event next Thursday in London, if you have questions around the operations and in particuar BH then get yourselves down to the event, lets all say hello and shake hands and show the support to this company who are continuing to deliver milestone after milestone!
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