Member Info for guidfarr

Wtf does it mean to be a premium member lol. We are not second-rate citizens.

It seems that's the case yes - a local subsidiary is being investigated. But the local subsidiary is basically PYX. That's the way those companies operate via local subsidiaries. Why hasn't the company kept investors informed?

The Central Kalimantan High Prosecutor’s Office (Kejati Kalteng) opened a corruption investigation into PT Investasi Mandiri (PT IM) over alleged corruption tied to the sale and export of zircon, ilmenite, and rutile for the period 2020-2025. PT Investasi Mandiri is explicitly described by PYX as one of its local subsidiaries (together with “Tisma”).

✅ Early-mid 2025

Indonesia began sector-wide audits and permit crackdowns after elections and corruption scandals in mining.

RKAB approvals were suspended for multiple mineral sands producers, including PYX subsidiaries.

PYX publicly acknowledged the investigations but said it was not the subject of specific allegations (Aug 2025).

👉 This is when PYX first disclosed government scrutiny to investors.

✅ September 2025

Prosecutors conducted raids on PT Investasi Mandiri’s office and facilities and seized documents and assets.

This is generally seen as the start of the criminal phase of the case.

🧑‍⚖️ 3) When suspects were officially named (case escalated)

The case escalated from audit → criminal investigation → suspects.

January 2026

Prosecutors formally named suspects, including:

- Director of PT Investasi Mandiri

- Government ESDM officials

Public statements about alleged state losses (~Rp 1.3 trillion) were made.

👉 This is when it became full-blown corruption prosecution, not just regulatory trouble.

🧠 Why markets missed this early

Investors saw PYX’s collapse in 2024-2025 and assumed:

- price collapse

- licensing issues

- Indonesian bureaucracy

But the criminal investigation quietly overlapped with licensing issues, which only became widely known later through Indonesian media and investor forums.

Pump and dump comes to mind. That initial Vale note was AI generated...

Here's some bits from ceo.ca:

The Historical Report states that the Project operated as a 20,000 tonne per day (tpd) open pit heap leach operation, producing a cumulative 1.12M oz Au between 1998 and 2018, with peak annual production of approximately 135,000 oz Au.

They had already been producing 135,000 oz Au at the peak of the mine. I think we will be making a profit quickly when we start the mine up. Also it was operating till 2018, so I do not think that the mine would require too much to get going.

They are an open pit mine, so I do not think the require as much to restart as a deep underground mine.....The Project is a past-producing, large-scale open pit heap leach gold operation with existing infrastructure, permits, and extensive historical technical data.

A 7moz + gold resource trading at 100 million market cap!? All this with tight big holders and directors who will have a massive incentive to perform and get it to production. Add to that the new president of Chile, José Antonio Kast, who is generally expected to be more mining-friendly than the outgoing government... His government has emphasized reducing bureaucracy and accelerating permitting for mining projects, aiming to make it easier and faster for companies to develop resources.

Can you go spam elsewhere idiot

I think London is a side-show. The Canadian market is much more liquid and investors there generally more knowledgeable than UK investors (with all respect). The shares will be in tight hands and I expect the Canadian listing to rally hard and dictate the price here.

Arbitrage opportunity?

https://ceo.ca/gal

in Canada this closed with a market cap of 105.5 million Canadian - that's about 56.29 million gbp.

right now even with the rally this is still trading way down the Canadian listing?

I have several kind of gold miners. The producers including PAAS, Equinox Gold and B2Gold. More junior ones like Cerrado Gold, Metals Exploration, Thor Explorations, Steppe Gold..etc

Then I have a few explorers with definite resources and then I have the wild punts. There are so many explorers with definite resources trading in Canada at bargain levels that its like shooting fish in a barrel. The only problem with explorers is that they have to keep raising funds every once in a while. Then I have the wild punts which can easily either 5x or more or zero.

Wild Punts

Kore Mining - KORE trades in Canada two projects both with an already definite resource in problematic California https://koremining.com/projects/overview/ The strange thing iabout it all is that the two projects are just about 15km from Equinox Gold's existing already operating mine in California - https://www.equinoxgold.com/our-mines/mesquite-gold-mine/

The other one is Mexican Gold Mining - ticker MEX trades in Canada miniscule market cap of $5.16 million canadian. The project is in Mexico - potential open pit but also underground. Considering that this is not just a company poking holes but rather a company with a million ounces in the the ground and an archaic positive preliminary economic assessment in place. Consider the land acquisition from $CKG and the potential and tell me what valuation you give this right now. Others are trading multiples of this without being anywhere close to where $MEX is right now. I think this is even better than Kore as I heard that Mexico will be moving to approve more open pit mining permits in future.

In my opinion Blue Bird Mining shouldn't even have been allowed to list - I think the ones who listed it are little better than criminals. It should have stayed a private enterprise - it is definitely not suited for retail investors.

I accept your challenge - where they end up in 2026 will be interesting. Note these are higher risk wild bets but I like putting a bit of money in names that could 5x and where the risk/reward is very favourable. Do your own research people! You are responsible for your own decisions. I'm only listing some names I have in my portfolio.

I don't want to sound insulting but... how the feck do you risk 50k in a micro stock like this when it super high risk? You are either very naive (to put it mildly!) or can afford it because you have a lot of money and this is not much for you. I research hundreds of miners and this one would be at the very high end of the risk spectrum. If you want just wild punts I can give your a couple that could easily multi-bag and are much better odds than this ^^^^

Yes see how Shanta investors were royally screwed with this recent news: https://africa.businessinsider.com/local/markets/kenya-discovers-largest-gold-deposit-in-decades-worth-an-estimated-usdollar529/dh0pyhr It must have slipped them that Shanta is no longer publicly listed. Its probably the same for Hummingbird. They 'almost' tried their best to make it fail - now that its private we don't know anything about what's happening even though i'm very much curious!!

Why do you say they are solid assets? Oil wells in Trinidad always seem to be problematic. The other listed company that TXP tried to acquire had the same problem; most wells don't flow well. The other problem here is the level of debt; I struggle to understand how all that debt will be repaid. DEBT kills companies. If you have put a lot of money into this you have nothing to blame but yourself. This is something where you only put well less than 5% of your portfolio.

How the feck is cora gold valued at 49 million when the projects are in Mali?? Landore Resources only has a market cap of 11 million and the resource is substantial.

Cora Gold – Sanankoro - ~1.044 Moz (689 koz Indicated, ~354 koz Inferred)

Landore – BAM (2024) ~1.5 Moz total (~1.03 Moz Ind., ~467 koz Inf.)

Is this some kind of joke?

You are so negative. The mine is built and it has considerable value. Hoc accumulated 250 million in debt to build its Maria Rosa mine in Brazil. The value of the parts here is arguably worth more than the debt and market cap. The problem is the management.

Probably lucky and naive. I say be greedy when despair reigns. But take profits when you can and perhaps leave a core position knowing these bunch are prone to problems.

You can't compare HZM to Hummingbird. HZM is 3 years long to production.... Hummingbird already have the Yanfolila mine that produces 80 - 90k ounces per year. The Kouroussa mine is now built - its about extracting the ore from the ground. If you think building a mine is cheap Hochschild got $250 million in debt to build the Maria Rosa mine in Brazil and that's smaller. At the moment panic rules here.

there are several mines in guinea:

https://www.predictivediscovery.com/wp-content/uploads/2023/11/1503_bankan-project-regional-v2-768x435.jpg

i do believe the gold is in the ground and my research has led me to believe that the resources in that area could be well bigger than the estimated resources there. but i don't want any more bull**** - this company needs a change in management.

predictive discovery not far off from hummingbird’s guinea operation

https://pdi.live.irmau.com/pdf/0b577923-5aee-4936-bb9f-2a1a0eccc54b/quarterly-activitiesappendix-5b-cash-flow-report.pdf

https://www.predictivediscovery.com/assets/ #guinea

pdi is focused on its bankan gold project, located in the north-east of guinea. bankan lies within the siguiri basin, across the birimian/archean gold belts, prolific geological formations which stretch from mali, through guinea, côte d’ivoire, burkina faso and into ghana. guinea’s siguiri basin remains the most underexplored region of this highly prospective west african region. significant mines in the region include siguiri (anglogold ashanti) which produced 258,000oz in 2021 and lefa (nordgold) which produced 163,000oz in 2021. the kouroussa gold mine, owned by hummingbird is also under construction and scheduled to commence production in 2023.

see this https://www.predictivediscovery.com/wp-content/uploads/2023/11/1503_bankan-project-regional-v2-768x435.jpg

predictive discovery has a market cap of 477.54m and they haven't even build the mine yet!

https://www.predictivediscovery.com/#our-business

More like 2 months time.

Which other mining companies do you like if i may ask. Apart from HUM i also have some Shanta, Centamin, Fresnillo, Pan African, Altyn and Impact Silver. I'm interested in anything even if its not UK listed but I'm looking for risk:rewards propositions similar to HUM

That's not the Juniors miners - the Juniors is NYSEARCA: GDXJ

VanEck Junior Gold Miners ETF

And they are not exactly juniors but big names: https://www.vaneck.com/nl/en/gdxj/overview/

I've been doing a lot of research in the last 2 years on mining/silver plays. There's also SILJ - ETFMG Prime Junior Silver Miners ETF

Regrettably my experience with junior Canadian miners has been bitter. I see most of them doing one rights issue after another and they love to include warrants with each raise.