Member Info for Iaintittle

It would be good to get a question in front of the panel re the CR’s current reliance on automotive part manufacturer and export to the EU, the change to EV’s, Cinovec’s Lithium deposit and the withdrawal from the MOU.....

Agree with everything you say Frank BUT when Dan and Bert are about to embark on a flag waving exercise around the City it seems amateurish to have old shareholder info in an updated deck....... uncharacteristicly sloppy.

As well as US$28m in cash at 31st March we also had 6844oz of poured gold awaiting sale ...... the cost for this production is included in the construction/ramp up costs so it is as good as cash ........ @US$1300 is circa 9m if 100% pure so at least 8m

The proposed deal with African gold involved building a concentration plant pit side at cost of US$35m which would remove 95% of the waste then truck concentrate to plant. The current limiting factor at Yanfolila is the paydirt throughput. If you increase the gold content of that dirt significantly then the limiting factor becomes the CL tanks; the plant has been designed so that more can be added....... the African gold deal proposed that all new plant costs were paid from first income and profits after AISC’s split. Win/win. Stranded assets get bought into life. HUM get cost free expansion...... Although deal fell through, same principal being looked at with other local resources. The question with Cora’s deposits over time will be whether to bring dirt/ concentrate into Yanfolila or build separate plant (let’s not run before we can walk)....... if we are to duplicate the Yanfolila plant (size and cost) what we would like is LOM 15 x 130,000oz of average 3+g/tm. Fag pack calc says that is 10m m3 of paydirt @ 90% recovery which equals 1000m x 200m x 50m Or, at 2g/t 1350 x 200 x 50 we are a long way from knowing whether any Cora pit can provide that; RNS reads well, open at depth and strike but remains to be seen....... but our new man Attie (ex Endeavour) has previous of taking a company from one to multiple mines as COO..... looks like Dan is serious when he talks of building an empire.

Paraphrasing Dan from the concall this morning....... it would be irresponsible to spend all your hard earned Yanfolila cash on the Dugbe project when there may be better, less risky uses of the cash elsewhere. The company is exploring a number of options for Dugbe........ I take it, from this, that we will JV or farm out Dugbe

I am certain that the BOD will be very reluctant to sell out for less than £1.50 ish as this is the price that senior management, close family and friends invested at 7 or 8 years ago ..... one day Rodney!

They also need to demonstrate that their AISC’s are at or below US$750 oz for a couple of quarters, current AISC not published as ramp up production costs included in build costs. I am very impressed with the cash position. US$ 89m for the build including ramp up production costs to April 1st leaves US$28m in the bank plus 6844 oz of unsold gold (also at April1st) or circa US$9m....... that 37m is around 7.5p a share. I appreciate that all share holders would have HOPED to not use the build contingency and HOPED to produce the estimated 16,500oz during ramp up but to have that confirmed is great news

They are brothers but I think Glenn runs the whole affair, doesn’t Grant run the charity?

Border, you will know Glenn then, shall I remember you to him?

Hhhmmm..........sp down, new posters appearing, lots of idiotic comments on the B.B........ RNS tomorrow?

Germany have legislated to allow cities to ban diesel vehicles and this has impacted on new sales; the German autos know that the ICE game is up. Retool to survive, or die.

When the team from HUM started their DD they found that all was not as advertised.......

VW have long had a JV with CATL in China..... go back 20 years and every second car was a VW Santana. It is only logical now that China are leading the world in their efforts to get more EV’s on the road that VW are in there with CATL looking, not only, at the Chinese market but also Europe. I have little doubt that VW will get batteries from East and West and probably will make their own in a JV in the West.

28th March there was a yanfolila update....http://hummingbirdresources.co.uk/_downloads/Yanfolila_Exploration_2018.pdf What we need is all the threads of fact and rumour brought together in one RNS that clearly states where we are (or think we are) and where we plan to go....... we know we are due a quarterly update and we know that it will be a significant one as we should be at name plate production........ bottom line is that I trust Dan, Bert and the team and their dream of building a serious gold mining Co but at the moment I would like to see them do a little more to raise sentiment....... Let’s see what they offer up in the RNS

Fools. Worse politics than CR. Much worse environmental considerations and impacts. Unclean Lithium production with damaging residual chemistry that is expensive to remove. Reckon we can produce for half the price, just around the corner..... Germany needs to invest in CR politics to make sure everyone benefits from this....... If KC can get the commitment to invest from the German companies and banks that he is in contact with and the politicians can put a little pressure on the CR leadership there are lots of winner going forward.

Bye bye, bye bye!

If there was value attributed to dugbe in the present sp then I agree, it would be an elephant, but as there is non, it is a treasure chest....... whether we will open it, or what it contains remains to be seen!

The only ‘facts’ on the AIM are found in RNS’s, and sometimes even those aren’t very factual. The market is waiting for an RNS that states 1/ build costs (which include ramp up) against budget 2/ quantity of gold produced during ramp up 3/ that name plate production has been achieved...... all of which the company probably knows and may well put in its quarterly RNS which is due any day. After that the market will want to know that the AISC’s are in line with budget/DFS..... not for one week or one month, but probably for a minimum of a quarter if not two..... when that has been announced in an RNS the market might be more inclined to take a risk and maybe we will see the sp rise...... but wait, the LOM is officially only 7 or so years, way too short term for an ii to dip. No amount of inferred material outside a mine plan is going to attract investment; get it drilled and into the plan and in an RNS and ‘hey presto’ the sp will change. BUT an sp of 34p and mkt cap of 100 odd mill against a budgeted annual FCF of 60/70 mill considering all the above seems cheap to me and that is why I am here. I will also echo FSJ’s point 4 from down below....... Goldfields sold the project for shares when they had higher cash offers on the table because they believed in the management and I am compelled to believe that they know a lot more about gold mining than I do (and yes, I have met Dan and Bert)

404 and RH...... thanks.

Would you be kind enough to post a link to that Rio Tinto presentation please Baldman?