Member Info for Guvvi

My very weary 1.2m shares hope you're right.

Even if it's multiple parties these arn't tiny buys. Lots of people seem to have decided to put thousands into a very indebted small gold miner...

Watch this space, the next update is so crucial now. If they prove they will survive to Kouroussa then this is a no brainer in my view.

Swatton you're right it'll move eventually. understanding what is going on in the short term is very hard and just makes your brain hurt.

Everyone and their wife has a theory about market makers endlessly manipulating share prices for someone's nefarious gain but even if that is true it doesn't do any good spending time worrying about it.

We are also seeing sustained buying here which i haven't seen for a long time. I'm surprised the price is still so low actually - i would have thought this much buying would have moved the price much more.

Could just be gold bugs, who knows.

Well i've managed to get this far ! I hope i can last another 6 months.

Holding hummingbird is like looking after someone who isn't very well for a very long time who might leave you a lot of money...

I agree that’s what it says but it can’t be right. 160000 shares doesn’t add up to that %?

Yeah i've been watching the same. Was surprised amongst the buying that Ruffer managed to offload a chunk during the same period.

Gallmat that video was very good thanks. They go into a completely different type of detail than the others i've seen. The questions are much more specific in this interview thanks.

I'll watch this later thanks.

I hope ST doesn't say a word personally so i can keep buying !

Gallmat i've watched all the investor presentations for years and submitted many questions during them but i've still never heard of profit sharing from them - which i admit might be my mistake.

I hope you're right but if anyone has a link to any statement on this i'd appreciate it.

I agree it's all very good news.

But what i'm getting at is there is a lot of talk of profit sharing on the forums but i've never seen any evidence of a deal built on this rather than a multiple of invested capital ?

And yes its a fund 1 deal so not entirely capital from LCMs own balance sheet. Don't get me wrong i've got a few hundred thousand shares and would love a £45m sterling credit to our balance sheet but i've got no reason to believe this is true.

Why might it be worth £45m to them?

The boredom has been pretty wonderful so far, hope it continues. Real world value is being created and evident from yesterday - we have a large sum of cash coming soon and a actual backstop of value via the option to sell our 5% next year.

Whatever people's calculations it's a steal at these prices.

It's worth far more than 16p in a year. Buy all day long.

https://s26.q4cdn.com/952577408/files/doc_news/Pasofino-Gold-Announces-Issuance-of-Shares-for-Debt-Settlement-2022.pdf

Somehow i missed this.... Directors of Pasofino swapping their director loan accounts for shares at 0.5 canadian dollars each.

Clearly they would rather have the shares than the cash i guess?

It's not a huge spend but yeah it's decent given our current size.

Much more convincing than Dan's buy earlier in the year.

Daniel Betts
Chief Executive Officer
500,000
5.9

Stephen Betts
1,000,000
5.9

Caroline Betts
500,000
5.9

Thomas Hill
Finance Director
150,000
5.3

And here they are this morning...

LOL - receipts. I get it now.

Anyone would be crazy to believe a management team that has got this wrong so often, by so much and with the same excuses.

The price now reflects such a small equity valuation that it cant have a long term value much lower. It could go there if q4 misses for sure but then we are back to will it go bust or not quickly. This is close to a valuation based on it not surviving. If Hummingbird somehow released an RNS saying q4 was 1400 aisc as a result of the changes which enabled a sustainable 26,000 ounce a quarter mine and it only improves from here - here is why etc, the view on this change would be substantial from the market.

Given that i'd hope they see the sense in monthly reports and take some pride in proving the market wrong.

But who knows, i seem to have nothing in common with this BOD!