Member Info for G_G_G

Bushy I thought you filtered me...? Solar hahahahahah!!!!! They can't even mine a good resource at a profit.

jammin, I was asked to comment. Also not sure why you're lmao (are you a teenager btw?). As for the past 5 days, wtf has that got to do with anything other than I correctly identified an oversold dog with a shareholder base of dreamers on my shortlist for a trade, and then thought twice about it. The mcap was £40m at the time. Why not look at the last month or 6 months...? Again, how many lth's are under-water here? I'd imagine everyone. Says it all.

let's just say i'm looking forward to seeing shgs q3 results in the next 2 weeks. also will be very interesting to see hums, if you get them anywhere near this timing.

bushy, i remember years ago me sharing with the board my thoughts after bouncing out on a trade for a few £k (i made money btw). i also called you out on the horse**** you were spouting back then. from memory it was a few years ago when hum dropped through 20p and the gold price was far lower. tell me how has all your knowledge on hum been working out for you?

granted i should have put my £50k here a few days ago and bounced for £10k. obviously timing is everything with risky stocks and i should have pulled the trigger when seeing an easy opportunity. but reading the same pipe dreams about 200k oz like it's a reality, and then using $1250 aisc when yan has been operating at a loss for years with gold sitting above $1900 is a little too much for me. shg not so much.

wanna look at a chart - check shg for the past 5 years (+126%) and compare to hum (-65%). if you put 10k into shg you'd have £22.5k versus £3500 in hum. timing of course is everything, but the track record of failure here makes this a punt, not an investment. and let's see shgs divi at year end. remember shg is throwing off +$15m cash every quarter and has zero net debt at the moment. hum, well no real fcf to speak of and +$120m debt costing them $15m in interest annually. if gold averages $1750 and kouroussa fails to come in under $1500 aisc for the next 4 quarters this company and your shares will be worth f@ck all. shg will be producing 110k oz at sub $1200, making +$50m net earnings, and is drilling all 3 tenements aggressively and will add 1m oz in 12 months. hum can't afford to do any drilling.

all facts folks, the difference is i'm quoting actuals and not jerking off to a wet-dream. gla

completely agree publican, especially on £200m being a derisory offer in the next 12-18 months if we have the production expansion completed to +130k oz, aisc sub $1200, +7 years of reserves in both mines and wk license with 3m oz resources. but equally that's doubling your money from here and it's not about what we're worth, but the number a buyer is willing to offer and shareholders are happy to sell. if we're still sitting around 12-13p in a year and something like that lands then i expect many will take the money and run. personally i'd want at least 30p with these runs on the board but this would also require wk looking like a tier one resource.

so many great things to talk about here, and like you i'd like to see them move ahead with expanding production prior to year-end. this would be a low risk development and give us a massive springboard into 2025 if we haven't already been taken out, so a huge value catalyst.

regarding hum, i went over to that board as i was looking to drop £50k into a trade in the low 7's then started to think twice as i remembered the history of failure with delivery and was reading all the bull**** perma bull posts saying the same things 4 years after i first traded it when it dropped below 20p. would have been an easy £5k but the whole thing is a ****show compared to here. ended up getting into a debate with some of the posters after one of them asked to name a better 'gold mining company' on the lse. cue me explaining the massive differences between a sure 50-100% with shg in 12 months versus one based on hope alone. the big thing for me is we'll still be making a minimum $50m net earnings with gold at $1700. with hum's track record they'll be lucky to be turning anything at all as it will rely solely on kouroussa getting up and running at 100k oz and $1400 aisc. they have to pay $15m to service their loan to begin with, and with au at $1700 their first mine has been loss making for years except h1 where gold was +$1900 and they were mining their last remaining high grade / low hanging fruit. it delivered something like £5m pre tax. says it all really.

just picked up another 65k at 9.92p. almost done :)

Agree with everything you've said Publican. I was going to ask about the ceo point you made - when did Eric mention this candidate? Was it in a recent interview I have missed?

One thing I'm hoping you're wrong about is the t/o offer timeline. I agree £200m will probably do the trick. But I'm expecting this to happen in the next 18 months once we have expanded production to 135k oz, received a mining license for WK, and drilled up +7 years reserves for both mines.

Regarding Oddey, I thought I had read / heard somewhere they were almost out of the picture - thanks for reminding me of the interview. So perhaps someone else offloading in large chunks. I've been a buyer the past 2 days picking up over 1m shares. It's been relatively easy to do. I only got one NT in about 12 or so trades. Reckon my average was about 9.85p for this last lot. So def someone with decent volume selling out. WK news could be the reason, but one would have to be very silly to do this. It's worth nothing at the moment and the last interview where Eric was glowing about the production numbers was already half way though Q3. So I'm expecting a revisit to 11-12p when they release circa 30k oz production for the quarter, especially if Au continues to appreciate over the next week or so.

Either way all looking good for Q3. Just need gold to go on a run again now. GLA

Speaking of Odey, does anyone have the latest info on their holdings? The most recent I can find still has them over 3%. I was under the impression they had dropped below the 3% threshold....? If they're still here they could have a decent chunk still to sell.

Well I'm still building. Hard not to when I can pick up shares at 9.9p or better. Just bought another 2 x 67500 blocks. Money put aside for a bit more if we stay down here then done. Hopefully it's still Odey selling as they're probably close to completely out by now. Some good Q3 and drilling results with them cleared and +25% could happen very quickly. GLA

That would be the best decision you could make Anon. Ok, I'm definitely off now, my head hurts from reading all the dreams on here. GLA

Only a speculative buy (not huge) with gold at $2k, 200k oz run-rate for at least 2 quarters, and AISC below $1500 for the same periods. So circa $100m net earnings (before the $15m interest obligation). But that's a lot of 'if's' and the highest probability out of those three things happening is the gold price hitting $2k. The other two factors would be a break from the last 5 years of under-performance and much higher AISC than forecast. Having said that maybe now is the time that it all turns for Hum.

Fwiw with Au at $2k this would give the same $100m net earnings for SHG. But they're already producing at 100k run rate (110k 2024), AISC at $1000 oz, plus zero net debt (versus $120m). Best to work on probabilities around financial numbers, rather than just 200k production that hasn't happened and extrapolating. How much did Kour produce again in H1? Q3 & Q4 results will certainly be squeaky bum time for Hum. Not so for SHG. Good luck folks, you're going to need it.

you had me excited there for a minute tony then i saw aeco is just back to our financial guidance numbers. having said that q3 should be quite healthy numbers given the poo last quarter. full disclosure i sold around 600k shares yesterday and today, so down to 2.5m. big position taken in shg of 4.25m shares. great short to mid term investment thesis and if i get my target in the next 6-12 months then i'll be re-buying here providing the value disconnect still exists (as it does now). i'm also slightly more confident in the price of gold and like the fact it's a good hedge against the **** hitting the fan. oil is as well for that matter, but not so much if it's a financial crisis. gla

Viable, you're right on the mining permit. I think a few people on here have over-simplified us getting the mining permit and it being a relatively straightforward process. In Africa it's never that easy, and our local politician has just made that abundantly clear. And what's a certainty is without local government and social support this won't go ahead. SHG has a fantastic track record of engaging and employing locals so there's an established track record that works in our favor. But there's a lot that needs to be addressed and if we get a DFS completed and a mining permit by the end of next year it will be a massive step forward. The mining permit is also the key piece of the jigsaw to get on-board a major.

Gold price indeed strengthening and looking to break back above $1900, hopefully before our Q3 results in the next 2 weeks. I'm really looking forward to seeing these results given Eric's recent interview. If anything like Q2 then I would expect us to break into the 11s. Add some stellar drilling results and we may get back into the 12-13p channel in the next 2 months. A gold price above $1900, AISC nearer $1000 and another circa 30k oz and we're on our way. It would also point to us breaking 100k oz this year, which would be a huge statement. Other catalysts this year are a new CEO, some news on the $20m VAT owing from the Tanz government, which a large portion isn't included in our financials. There's also a decision on expanding to production with new ball mill etc. (post drill results). And finally an increase to the divi, which I'm hoping is something they'll do given the cash position we're now building. Bottom line, there's a lot of catalysts in the next 3 months.

Those 50 / 100 / 150k buys yesterday and today were me after getting my divi in i3e. I'm done for now and pretty deep with 4m shares @ 9.95p. Will wait until 15p lands, hopefully with Au pushing back to $2k oz. Dream is t/o offer near 20p in the next year as we prove up more reserves and get our WK mining permit. GLA

not the case jammin. go back through my posting history and you'll see that i've successfully traded here twice. can't remember how much i made, maybe £10k. there's so much blind faith here that db says a few bull**** words (like recently), you buy in with £50k and then make your 10% profit and bounce before he delivers the inevitable underwhelming news. cue sp drop and repeat. except this time there's a lot more shares and $120m debt for a mine that has only produced 1k oz.

anyone who has invested in mining long enough knows the build and ramp up takes time and is full of risks. look at hzm as a recent example. i looked in here for a trade then thought i'd rather sink the £50k i was willing to risk into shg and have a guaranteed 10-20% in the next few weeks after q3 results are released. i'm looking to stay in that stock until it breaches 15p. could be end of year, or next year. but that 50% is guaranteed with au above $1800.

as for people 'losing a bag', there's plenty of them still on this board that i recognize who are neck deep in this company and years later still talking about 'jam tomorrow'. biggest learnings from investing on aim is not to go near a company like this until it has runs on the board, meaning they are throwing off fa lot of cash for 2-3 quarters and clearly able to service their debts. my learning on this one came from rmm. overall i lost money because i didn't sell when everyone was talking like here after a bull**** interview. hum is nowhere near having runs on the board. sure, you don't make as much, but equally you don't lose as much. tell me, do any lth's have an average below the current sp? nope. btw, the sp has bounced off a mcap of £40m. even with all those recent shares printed. and with mgt's track record the market is saying this is risky af! good luck folks. i'll maybe see you in a 6 months if they get kour near their production and aisc claims. then it will be a decent investment and not a complete gamble. gla

Lew, it's because I'm generous. I also cannot stand incompetent trust fund baby ceo's like DB. I feel sorry for lths here.

Lucky, in case you haven't worked it out the site removes capital letters when I post.

Punter - see below. I see f@ck all pre-tax profit in H1 and a stonking loss for the same period last year. And that's after mining their low hanging fruit / high grade ounces this year. AISC for calendar year 2022 was $1728 for a loss of $34m. So no they didn't make a profit in 2022 and $4.7m profit before tax after taking the most profitable oz in H1 is hardly something to be proud about. Debt is $120m and there's a lot more shares in issue. These are the facts. Get a grip indeed.

- Group adjusted EBITDA of US$33.1 million for H1-2023, marking a material positive turnaround compared to the previous year (H1-2022 loss of US$9.3 million) and a pre-tax profit of US$4.1 million for the period (H1-2022 loss of: US$23.9 million).

Bushy, if you want to use magical numbers then why not add another hundred k oz and make AISC $250. Complete garbage putting numbers like that on this board. You have been here for years so know they have zero track record of hitting production and AISC projections. As I said they'll be lucky to make $50m fcf next year and all of that will go on paying down debt for 3 years. And that's if things go well.

anon, you've got a company that will appreciate by a minimum of 50% if gold stays above $1800 (shg) generating at least $60m fcf in 2024. this will happen. and then you have a company that has nothing of note other than its debt versus size. and a track record of bull**** numbers and failure to deliver. with au at $1800 and hum producing 200k oz (all talk at the moment) they'll be lucky to make more than $50m fcf given yan will probably still be loss making. they also have to pay down +$100m debt (for now) @ 12% interest. shg on the other hand will be printing cash with 110k oz next year and +135k the following. plus it has west kenya, which is all upside and the best +1m oz mine potential in all of africa. also shg has been approached by no less than 2 parties in the past 12 months. no-one is going near hum with a barge pole.

so i'd say the chances of shg doubling with au at $1800 is a lot higher than hum doing the same. in fact id say the chances of hum being at the same level or worse than now is just as likely as a doubling in sp. no point producing 200k oz if you're making f@ck all money from it and have a huge debt with annual interest of $15m. this also means your risk profile is much higher because you are mining on narrow margins. one investment thesis is built on track record, safe with au dropping, and i'm expecting to be paying 4-5% divi next year. the other is built on words and hope. easy decision in my book.

lucky, the net debt will be wiped out in two weeks when they announce their q3 results. they're throwing off $15m cash (minimum) every quarter now. remind me how much hum is generating? and when you say 'another good miner' i have to assume you're not talking about hum. this company has never been a 'good miner'. look at what the sp has done over the years. the market isn't missing anything, it's hum that keeps missing all dbs bull**** production and aisc numbers. and you literally have missed the biggest point i was making that hum isn't generating any fcf. it's also not generating 200k oz. no point having 200k oz if you can't make a profit eh. and it has never gone anywhere near fantasy aisc costs put in the dfs for yan, and there is no track record of delivery to suggest that kour will be anywhere near the bull**** numbers being quoted by db. pure fantasy until it happens.

bismark, i'm not sure you have read about shg. firstly they are delivering 100k oz run rate at near $1000 aisc (q2), not talking about it but doing it. they're looking to deliver 110k oz next year, which is only 10% higher than proven delivery rate, so not a pipe dream. and for £10m they have plans to expand production at one mine by another 25k oz. out of cash! so you're looking at 110 to 135k oz in 2024 to 2025. and this is all low risk. the expansion will also lower their already low aisc. so hardly small profit versus the magical 200k oz mark that hum is yet to deliver when they've been mining at a loss at yan for years now. also shgs divi could be raised to 5% from petty cash. remember they're throwing off $15m cash every quarter now. as for stocko using forecast pes, you really can't be serious...? hum will be lucky if it makes $50m fcf next year given track record. and it will need 3 years to pay down it's debt utilizing all of it. shg will be making more than this all those years. and if the price of au drops to $1500 then hum is screwed, because they are ****house miners who can't turn a profit with good resources.

angelis, the shg sp got smashed by odey having to sell down its entire position. they were the biggest shareholder at the time. go and have a read and you'll see what happened and how may shares got dumped with the tail still being sold. they also have to replace their ceo who is staying on until his replacement is found. he is the antithesis of db by the way. that's why shg's sp is so low, not because they fail to deliver. let's see where they are in 2 weeks post q3 results.

jammin, you clearly get it.

Wtf is happening with Aeco...? There's always been a disconnect to global gas prices but it's getting silly now.

Wrong, wrong, wrong Roxi. Read my last post and there's your past reality. Everything else is hope and DB looking confident means nothing. The sp tells you this.

If you want a comparison then take a look at SHG. Has two operating mines ay 100k oz per year. Proven low AISC (circa $1200). Throwing off $15m cash per quarter. NO NET DEBT. More than replacing mined ounces every year and will do so more easily with extra drilling budget. Paying 2% dividend via petty cash. Has the highest grade +1m oz exploration target in all of Africa in West Kenya. All tenements currently drilling with spare cash. It's on an EV / EBITDA multiple of 2!!! Oh and there's almost $30m in VAT back payments being run down on tax bills with the Tanz government that aren't being included in their financial statements. There's a good comparison.

Incredible how many people here are focusing on 200k production (not happened yet) and how it's a given (history says it won't happen for a long time). And then these people are extrapolating value based on 200k production alone and comparing to other miners. If you want to do this then at least compare AISC. These are currently unknown, but again if we look at Hum (DB) history then you'll see why the sp is shaky. Anyone care to go back on what Yan's AISC were meant to be? Or how many times DB said 'X' AISC expected and it ended up being a very bad 'Y'? Then you have a huge debt pile for a £40m valued company. Plus the fact that things can and usually do go wrong with mine builds (see Hzm). And that mines can and usually do take longer to get to nameplate. And last but not least the mgt team have a very long history of over-promising and under-delivering. Throw the most important X factor on top - Au price - and a monkey could see this is risky as f@ck and only needs Au to be valued nearer $1700 for the whole thing to implode.

This company has struggled with Au at $2000. And they've mined all their low hanging fruit at Yan - low cost / high grade oz. And to take a DB interview as gospel is so naive it's laughable given he is a pathological liar and grossly incompetent like most trust fund babies. Not necessarily what many invested here want to hear, but try to build an argument against the above based on past history / facts and you'll find it difficult. That's why this is a gamble and valued at £40m.

Hi guys, sorry for the confusion - Pete you guessed right in that I added an extra '0' i.e. 0.1p per month.

Ex-divi on Thursday chaps. Been while since we received one. Still gutted it was reduced by so much. Other than less income it also put a dent in our sp. Hopefully a revision upwards toward .01p at year end which would be easily managed alongside drilling more wells if poo and gas remain around the same levels.