Member Info for HawaiifiveO

I am staggered there has not been an update - we are left guessing as to what exactly is going on, one can only assume the news article is inaccurate, has the Regional Director (if he exists?) authority to speak to the press, a shutdown of production would be a material event and AST would be forced to update the market.

My understanding is they can continue to produce gas (and oil) via conventional methods (including the compressor) so long as they retain the licence.

The AGM could hot be held at a more inconvenient time - 9.30am start, most attendees from outside London would need to arrange an overnight stay or get up at some unruly hour and travel at peak time to attend. Not user friendly.

Looks like there will some form of statement ahead of the AGM tomorrow - they will need to outline all the facts to the market before the AGM as they cannot give detailed information to attendees who will want answers.

My guess is they have been working on a contingency plan if the permits were not awarded so we must wait and see.

Would not be surprised to see some of the UJO and RBD profits coming here - a good bet at current levels and the float is low.

Looks like this is on the way back up, one of the few gold juniors lagging, mainly due to IFC and City Financial dumping, that is now history.

25p then 30p+ looks on.

It is the AGM next Friday and am hoping to attend once again - last year Colin Bird discussed the company for around 90 minutes once official business was completed.

Clearly a number of timelines have been missed but at last we do have a very good Hard Rock deal now - the higher gold price should help the alluvial revenues.

Hopefully the mood may be a little lighter than last year but still a few questions need answering :-

What is the status of the plant taken from Moz Gold (Bird said it was worth $400k second hand)
How much gold is stored from the alluvial production
How is Q2 alluvial production going - Bird gave some indication at the last AGM

Is anyone here going ? Please add any sensible questions that need asking and I (or others) will try and get them answered.

This is one of the few gold producers that has not re-rated, most have risen in ranges of 30%-50% over recent months, year on year some have doubled, for this reason I expect to see a strong rally here.

HUM was trading at 25p in December

It is nigh impossible to buy on-line currently - worth noting and referring to the large rise in SRB (Serabi Gold) that was beaten down to 17p rose to 50p in less than 2 weeks on short covering.

If the short here in 9m shares then it will be fun to watch them cover !!

I think HUM will soon be 30p+

New comment today, word is getting out on the undervalued status of HUM

https://twitter.com/Oilplayer2009/status/1139426467354480640

Bought in today - fall from 40p looks way overdone, more-so with gold rising and commentators bullish on the metal.

Apart from the compressor it is worth noting at this time the studies currently being undertaken by AST include oil and shallow gas - obviously stimulation is not needed.

The compressor can deliver a significant uplift in production in due course.

The problem is if AST go down the legal route then all these potential 'advantages' will be lost - this is why the company is reluctant to pursue.

The company has already stated that most of the work necessary for the EIA has already been completed - it will be interesting to see what they say tomorrow in the RNS.

I think any weakness will be bought into quickly - those study results cannot be far away.

So both City Financial and International Finance are now out - over 10m shares dumped in the process - clearly responsible for the markdown from 30p+ levels

Can see a decent re-rate coming - Jim Mellon has 10.5% and has deep pockets

Looks a great opportunity get in near bottom - note how SRB was beaten down to 17p but is now trading at 50p+ once the major holder selling stopped.

So both City Financial and International Finance are now out - over 10m shares dumped in the process - clearly responsible for the markdown from 30p+ levels

Can see a decent re-rate coming - Jim Mellon has 10.5% and has deep pockets

Looks a great opportunity get in near bottom - note how SRB was beaten down to 17p but is now trading at 50p+ once the major holder selling stopped.

https://twitter.com/Oilplayer2009/status/1138535499184975874

Hard to believe this was 4.2p a month or so ago - a few notable 'names' (Align) noses were put out of joint when the last placing occurred but sellers represent an opportunity for others.

Worth noting other juniors (with less short term drill 'action') have market caps north of £20m producing under 500 bopd - ZEN produces 250 bopd with a m/cap £7m

Remy Welschinger is a very shrewd investor, has acquired 5% here in quick time - word is other big hitters who follow him are also buying ORR.

This fellow bought into SAV around 2p before they moved up to 18p, he clearly thinks something material is about to break.

Talks with Gov ministers in Cameroon and $1.5b valued Iamgold in Senegal are imminent according to the recent media from the CEO.

The free float is being taken out quickly, a number of legacy holders have gone and their shares taken - a material move could occur here.

Worth remembering that at 1p per share the company would only be worth £7m - the current £2m valuation is a great entry point, is it a case of buy whilst stocks last, I think so !

Personally I could not understand the last 1 month Standstill Agreement - surely the banks wanted news on Q2 production and financials before some decision.

It makes sense to wait until end June, the company is clearly aware of its daily/weekly performance and are likely to be in ongoing discussions with the lenders which obviously are happy to assist currently.

It is frustrating, the delay suggests some haircut is coming in my view, maybe some debt would be converted into stock at a pre arranged time and share price level.

For shareholders the delay is frustrating but, as pointed out in other posts, the banks have little choice but to work with the company. The next deadline really needs to be the last in my view, a decision is needed, if a deal can be struck then all will benefit in due course.

The shares are not for widows and orphans but those risk on types could do very well from the current entry point.

The shares have had a number of false dawns, hit 4.2p a month ago and moved to 3.4p a few weeks ago - both rises were stalled due to a unexpected placing and then the delay, these matters are now history.

The free float is minimal, it takes very little buying to move the price, I think there will be news later this week on arrival of the top drive, buyers coming for the stock now once again. Can see a return to the 4p's soon and would not rule out 5p on spud.

Chance of success is pretty high, if positive the share price will be many multiples of current levels - a great entry point IMO.

Good time to buy according to Bird

https://audioboom.com/posts/7276741-audioboom-xtract-resources-and-vast-resources

Am I correct in thinking that the newly appointed head of the EA is positive towards the project, if so could the permit land shortly ?? Someone has been accumulating stock aggressively over recent weeks.

There does appear to be a persistent 2m buyer, been going on a few weeks now.