Member Info for fsjamescampbell

Yea of course Sands.......I was just putting out there that if any selling on from recent placement would be very minimal and easily washed through....the shares traded in the last 2 days are close to 4,000,000 the shares taken by "other" investors outside the BOD was 2,597,400

Sands there was probably only 10 private investors who took part in the placing in April (i was one of them) we all took 259740 shares at £10k - the rest went to BOD and Lord Farmer.......93% in complete sticky hands - i would suggest any selling from the 10 additional PI's who took part in the raise is very minimal.....i still hold all of my 259740 shares i purchased in the placing!

"Binding commitments to subscribe (the "Subscription") for a total of 32,467,445 new ordinary shares in the Company (the "Subscription Shares") at the Issue Price have been received from, Lord Farmer (a substantial shareholder in the Company), Jonathan Forster (Chief Executive Officer of the Company), Robert Monro (Non-Executive Director of the Company) plus an entity connected with Paul Quirk (a Non-Executive Director), and other subscribers.

"Binding commitments to acquire 2,597,400 new ordinary shares in the Company at the Issue Price ("Placing Shares") have been obtained from other investors".

Selling of placing shares will not impact on the current sp rise at all......this went down to 2.9p after the raise so i would say some profit taking may be coming from those buying in lower than the placing, and that was only minimal because of the very low free float......this is set to rise as it fell.....probably in waves, healthy and all part of the general buying and selling of shares process......

topsharepicks - I would say Hummingbird are best placed to buy CORA as it increases the LOM for years and so close to the current plant.............in fact, i would say its almost a given! A proven gold asset within trucking distance of Hummingbirds plant places them in pole position, especially because they hold 18.4% of the total shares in issue...HUM are CORA's biggest shareholder!

I wonder if next news could be here end of June / early July....?

I think the realisation in the market is that what CORA potentially have proven so far warrants a much higher MCAP! This was 9p at the start of the year! 93% of the recent raise went to Lord Farmer so no placing selling is going to happen! Rerate could well and truly be on the cards and 6p is not impossible at all today!

Hey Tom :) - Yes i you are right a maiden resource will be released, not sure of the timing but Q3 / Q4 would be reasonable to assume!

Q3 / Q4 will see this go mental but i suspect investors will be getting in around this price and well up to 8p over the next few months in anticipation on the back of the 21st March 2019 announcement in the RNS "If successful, a Scoping Study will be initiated with results targeted for Q4 2019. Any such study will also incorporate the concept of future incremental expansion to progress the Sanankoro Project to +100,000oz pa production". Anything under 10p is a steal!

Recent placing saw 35m shares issued with 32,5m going to current shareholder Lord Farmer! That is some sticky hand for 93% of the 3.85p placing shares, kind of helps you realise that this won't be mass sold into when it reaches 5, 6, 7 or 8p!

Cracking low risk investment to build towards the big results in Q4!

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Great post Visitor!

2nd Ball Mill is the right move......if you read up on why they chose a 2nd Ball Mill over the previous documented option to increase production you will understand!

Approving the second ball mill, in place of the tertiary crusher, after studying the initial results from the 2018 exploration programme shows the confidence HUM have in increasing Reserves at Yanfolila. The second mill will give them greater flexibility and 24% more throughput when operating on 100% fresh ore.

The tertiary crusher budget was $9 - $10m capex so the addtional spend of $4 for the 2nd Ball Mill is a smart move given the increase in production the 2nd Ball Mill offers.

sands1971 - I totally agree.....yes the BOD need to buy some, i understand DB when he said last year that he feels it is pointless because if he ever sells them the sp would tank and so on but it just sends a message to shareholders and to the market. It may be that he never reaps the reward of buying more shares now but it will certainly indicate an alignment with shareholders who have been suffering for the last 12 months........sometimes those are the best ways to bring some sentiment back and stop the rot. Look at CORA yesterday, Bert Munro bought shares yesterday after they had slipped 1p under the recent 3.85p placing price, the sp has recovered to 3.35p in 24 hours.....its the message rather than the need!

TBTT - He is a disgruntled ex holder and will always come back to put forth his damaging and scathing opinions. BH - 1p options are in no way the main contributor to the failing sp. Since May 2018 the company has been dogged and hampered operationally. To be fair that fact that they only needed to secure a $9.5 loan facility whilst scraping out of the desperate hole they found themselves in, well is yet another testament to their strength.

I don't know if any other AIM early producing minor would have managed to keep the company together, procure and build a valuable additional asset to the plant (2nd ball mill) and keep production virtually on an even keel.

You wait and see what happens towards mid July when they release Q2 production results, anything close to 30koz and they are right back in this! Remember Q2 was a corker last year at a tad over 33koz. I support the BOD and i support HUM, time they turned this around operationally and claw themselves back out of this unfortunate hole.

Especially when recent placing was 3.85p and all went to very sticky hands.....no flipping shares on 10 or 15%! This will fly when close to releasing confirmation of what the have discovered in the ground! Potential for a stand alone mine and mcap of 3m!

TBTT - You are a knowledgeable poster, that is clear.....but your scathing and continued attack on HUM board is pretty boring now mate. Let's be clear, the 1p options and the BH debacle have not been the combining factors that have lead to a drop in sp to 13.25p - It all began to really fall apart with circumstances outside of any managements control.

1. May 2018 - shooting on site (Hit the sp hard and never really recovered).
2. October 2018 - Q3 results (worst rainy season in over a decade meant production was hindered).
3. November 2018 - Pit wall crack and bridge issue (This has been the main contributor to the low sp because the compounded effect has been very high AISC which has materialised for over 4 months).

Those are undisputed facts and most likely the reason we are stuck at sub 15p

ha ha forgive my lack of manners.......good lad GoldenBull!

Good lad Bert Munro!!!!!!!!!!!!!!!!!!!!!

Yea.....what a bleak day - it has to be an attractive buy at 3.05p 25% under recent placing price......jeeez!

I doubt it, it has been on the cards for over 12 months now and with Cora's low mcap v exploration potential this would be more of an issue for a producer rather than a low mcap explorer......

CD - "Basically, due to losing almost 2 years of production since first oil" HUM now exploring for oil are they?

Nothing in the financials that we didn't already know, let's face it they cover 2018 and we are almost in June 21018, i never see the point in these results being published 6 months after the year end.

LOM news is encouraging and the fact that between 2020 - 2022 they are looking to achieve production of 130,000-145,000oz per year at a targeted AISC of US$800/oz.

"The Company is pleased to report that the early estimates from the LoM plan showed a significant improvement on production levels and lowering cost base of the mine."

Good now roll on end of Q2 so we can fully understand the LOM extension and get some great news flow coming through for the remainder of 2019!