Member Info for Guvvi

More buys at the end of the day today. 11 bid…

I think he did, he has been buying for some time and appears on the major shareholder register.

For once i wholeheartedly agree with Bonkers. You can't say DB is a thieving self serving guy who doesn't care about anyone but himself.

Then suspect he might be ready to screw himself along with everyone else with a tiny takeover.

Forget all of the shenanigans and rumours and suspicions... If Humm makes it to middle next year without finding it cannot raise more finance through debt and gets Kouroussa up and running then even if gold is roughly where it is and the 180k production is a bit high this market cap looks utterly ridiculous.

And we haven't even needed to argue about Dugbe to say the above.

Nothing else matters....not calling the bottom, not accusing the market makers of doing everyone in and not interesting gossip about what insiders know here.

Who cares about the market anyway, i agree with the holder at 5%. Shares in this company look good value at this price i've held for a while, happy to keep holding while the investments develop.

I think Swatton is right and i think they've confirmed this somewhere already.

He was 4.2% before so seems to have snapped up some more recently i guess.

Agreed, i'm surprised. Almost all sells this morning.

I agree and am very hopeful.
Let me just say this ( as this company is the source of all of my depression! ) it says on time and on budget but not that they will have enough to cash currently to get there and fund it.
I might be being a bit pessimistic here but it's possible the language could be interpreted as that.

However i find it hard to believe we are going to see this and then maybe more RNS then suddenly a panic and dire warning. Fingers crossed and it looks good, glad they've updated us.

Is he wrong?

I think the the AISC might be higher than this but that will still be considered very positive.

He has sold zero shares and they are simply conserving cash now while they get the right outcome. Gives them more time that’s all.

Why it’s valued at the sum you say is anyones guess and I’m not suggesting it’s worth triple.

but ESAN didn’t buy in much below where it is and I’m sure they didn’t invest to break even.

Dugbe doesn’t need to be worth multiples of the current Pasofino market cap either. Cash into humm to get to q2 next year confidently is a game changer on its own.

Well there must be a load of companies with 100m spare to make an offer for projects and operations that will produce 400k of ounces a year gold across 3 jurisdictions.

IF Dugbe in the real world is worth say 100m sterling for our half or even 75% of that then I don’t see why someone doesn’t just make an offer for hummmingbird.

The market cap here for a company with the ability subject to capex to produce 400k ounces of gold a year only makes sense if the market believes we are going bust and absolutely no one will pay us much for anything we own. I don’t know how else to explain the current pricing.

One day an rns regarding strategic options for dugbe will pop up and either we are all fairly wrong on this or hummingbird is gonna go up 250% in a day.

Like you I feel like im missing something as I find it hard to be as pessimistic as the market.

32g/t yikes

https://www.pasofinogold.com/news/news-details/2022/Pasofino-Gold-Announces-Results-of-Initial-Fieldwork-at-the-Bukon-Jedeh-Area/default.aspx

Been quiet here recently so i've been over lots of previous RNS and been thinking ( dangerous i know )...

Kouroussa is part paid for/built and Dugbe is worth whatever it's worth. Hummingbird is currently valued at £30m and has around $60M debt. It sure seems like a decent acquisition target to me.

The buyer ( if they developed Kouroussa and Dugbe and maintained Yanfolila ) has an operation of over 300k ounces a year in a couple of years with 200k middle of next year.

Anyone with sensible thoughts on this?

Id rather pay 10p than 20p for a share in this business.

I just wish we would all stop talking about the share price. There is nothing to be learned by talking about how down we all are here.

If we think this now has a bad risk reward we can sell and leave and be done with it.

If we think this still has a favourable risk reward or we just want to stay for whatever reason we can then fine.

But going on about ' wow its now down to 7p i thought we wouldnt see 7p until the autumn, i was gonna buy at 10p thank god i didnt ' is just the most fruitless route of thought i've ever heard.

I have shares here i bought at 38.5p ( not many mind you ) and i don't give it any thought i just want to weigh up whether we can make Kouroussa sell gold, how much debt we will have when this goes off and whether we sell Dugbe or something else and for how much.

I honestly don't care about anything else. I agree with you regarding the walking down of pricing for some reason unknown to us too, unlikely and again i don't care.

Yeah whatever the point is of the negativity the last update was the most positive for 18 months and suggests operationally we are focused in the right way.
Now is the worst time to sell given the update. Obviously if this positive update was just an anomaly and the next one is awful that's a different matter.

I love how many people go on about predicting the share price here and saying i'd buy at 13s or 12s where the board did, then i'd buy at 9 then i'd buy at 8 and now 5p.

You'll never buy anything lol. Just go and buy something else somewhere you're happy.

Whatever is being said about share price declines this week there has been a truckload of buyers/sellers at the current price.

This isn't a share with no buyers they're just at levels we don't like for now.

Since last thursday over 10m shares have changed hands.