Member Info for Guvvi

Bushy thats exactly what i text a friend of mine today. 71m market cap and 148m dollars of debt so in 2 years it should almost triple without dividends or any forward looking positive news. ( and no dugbe returns )

If you think it doesn't go bust or have to issue any more shares and the guidance is roughly accurate even at the lower end then the reward is very significant here now.

And the bid is up from the open so i've no idea what you're on about. However the day is long and frankly guessing share price performance is a mugs game over a 40 minute period from open after a big rns.

Always amuses me how noone takes information seriously but if you mention the share price people can entertain themselves for hours writing rubbish.

Additionally for people who love talking about a share price i'd be amazed if this drops on today's rns. There is nothing negative in there people didnt know or worry about already.

I think management take guidance seriously now ( 2023 for Yanfolila was spot on ).

If 2024 is realistic/accurate/conservative or whatever then the issue is just the next few months and the cashflow within that. I'm not sure how the very short term goes now and thats the big worry.

If i'm right and we can be comfortable with guidance here now roughly for year then this is the only sticking point ( it's still a big sticking point ). I'm going to try and get answers from them either at the investor meet or direct.

I am crossing every single fingers and toe.

I hate being led by price action but this makes me nervous with the 2024 forecasts coming so soon.

Billboy if you can find it in yourself to post anything else you found noteworthy i'd really appreciate it regardless of how others take notice.

Kouroussa is currently barely mining then due to the lack of diesel? I thought Dan said on the call regarding the raise that the mining fleet was at full power now and working as expect at end of 2023? Worrying if it still isn't AND it can't without much more fuel being delivered. The money from the raise won't last very long at all if they can't get cracking. :(

Anything interesting billiboy?

I won't be there but would appreciate anything you can pass on regarding comments made or the tone of anything frankly haha.

I remain very conflicted about being invested here but i am so whatever. For those who keep talking about risk being virtually zero now remember we said exactly the same a year ago and 18 months before that the SP reflected the fact nothing would go wrong and 2 more mines were always being talked about in glowing terms.

The market is currently very fed up with let downs, delays and serious financial issues over several years.

I hope that this is the last raise and that what we all want to happen happens. But the retail market has endured years of underperformance and now has low expectations surely. I can't fault anyone for saying this lot are clowns and at the very least are not transparent with investors in a timely manner. Every raise and failure comes as a shock because halfway through every period when nothing is going wrong Dan does an interview and says its all going ok and then we find out this isn't really true at all.

Not surprised that retail investors who know this story arn't wanting to pump more money into it, especially when they can buy cheaper on the open market and have been able to for weeks.

So i hope - and it really is hope - that we are onwards and up from here but i'll only have myself to blame if in 3 months Kouroussa is not what we NEED it to be still and another raise is done. As Dan rightly pointed out the monthly costs to run something like Hummingbird are huge, this is not a small company by cost/revenue, only by market cap.

Sadly not Billy but if you do go i'd love to hear from you afterwards!

Ty

Do you have a link ? I can’t find one.

I bloody love he was born a Nutter

We spent years watching Yanfolila struggle with a mining fleet and mining issues. Then the asset they have prepared for so well for so long has exactly the same problem for months on end.

What an absolute joke.

I think this RNS reads that if EDM do not take up their offer of a working interest then we automatically get the 20% back?

That's a little different to how i understood it previously.

Yep very possible, not making any predictions just musing how the earnings per share might look for us after tax, after debt and turned into sterling now.

It's not looking good. Sorely tempted to sell out shortly honestly.

If they make 50m dollars of actual free cash for shareholders after tax and after any debt paid for in 2024 ( which i think is unlikely ) then that's 6 cents per share based on the new share count i think.

If you assume the 50m is a bit much and reduce it to 40m dollars then turn it into sterling etc then you've got something which has us trading at a forward p/e of like 3x maybe already. Maybe we make 3p of free cashflow per share in 2024?

This is the point of the dilution to us existing holders - Humm isn't stupidly cheap at all now for us.

Dugbe needs money because despite the NPV and the DFS and the gold price there are no worthy options for it. Clearly whoever might be interested has serious reservations about the draft numbers in the DFS.

If it could be sold for a reasonable sum it would be.

They're just too stretched with things that arn't what we all want them to be and that includes Dugbe.

Yep it looks like i'm slightly wrong as the total doesn't include the open offer of 5m dollars. It'll reduce the 43% a little but it'll still be the case that a massive chunk of our business has been sold for $45m.