Member Info for jammin86

Grease the wheels. Please use all the money you've made killing it in the stock market to go back to school and get an education.

Insulting people's intellect online while you can't strong together a coherent sentence with proper spelling and grammar is LOLs

Agreed they all look cheap. Gold continues to fly and they've flatlined lately. Well, MTL and SRB have.

Here's hoping we both win on all fronts haha

Aardbegger what's the IT services company by the way?

Yeah I'm feeling alright lol. Same jammin. Critical of management but also not to the extent of being blinkered and unable to take wins as they come.

I bought late last week at about 7p (pity not at 6.5 but my timing is never that great) in the hopes of precisely this RNS. I'm bullish on gold and see this as a high risk, highly leveraged play on gold.

I also own SRB, PAF, MTL and HOC (silver). All are doing quite well.

Well, it's not really more debt, it's a deferral. And as you yourself admit it's the best news we could hope for given the circumstances.

It's not like the news today told us about the dire Q2 results or the weak balance sheet it created, which rightly caused the price to crater. That's not the news being celebrated today.

Today is only good news, since the bad news was known about last week and therefore isn't news.

David, relative to the existential crisis that was being priced in last week, today is good news. I'm shocked you can't see it as you've previously appeared quite level headed.

If you're negative no matter what, you're genuinely no better than people who are positive no matter what. The inability to adjust your views based on new information is not a sign of intelligence, unfortunately!

I'd have* entered. Lol. If you're going to accuse people of stupidity, at least get your grammar correct

Gold at 2500 is a bit of a red herring in terms of cash flow given the hedge, which is at least winding down. But it greatly impacts future profits, which the market recognises even if you cannot.

Yeah, Q2 was awful and led to existential risk. But the deferral of debt, rather than a placing, might just be the shot in the arm that sees hum through. Once we're producing well in excess of the hedged ounces, hum will be making bank

I'm still skeptical of management but today is clearly good news. Digging your heels in - either way - just seems foolish to me. I'm critical when the news is bad but willing to acknowledge when the news is good. Refinancing without a placing, with no increase in debt, is the result that naysayers said was impossible a week ago, and yet here we are.

It might still go tits up, but that's why it's a high risk play.

Surely MTL is printing money with gold at 2500? This seems too cheap to ignore

We know it's high risk, and that's all you're basically bleating on and on about lol.

Gold prices being so high hasn't directly benefitted hum yet since they hedged much lower.

It's a deferral of debt obligations rather than new debt, what more do you want? Or what else did you actually expect?

Amazing that the market completely disagrees with the naysayers, who were convinced there would be no refinancing agreed by coris but now seem convinced that the refinancing is bad news. Which is it?

Lol. Deferral at slightly worse terms. Couldn't have asked for much more

Thought it was 15k?

Unfortunately, yan is now loss making, so if kou is worth 6p, hummingbird might still be worth less than that.

Has anyone bothered to compare the forecasted profits/NPV of yan against what was realised? They are probably world's apart

This is the issue, really. Issues are INEVITABLE, it's about how you handle them, and this team has proven time and again that they are inept. It's not as if all other successful mining companies don't encounter setbacks or problems! Even in ones personal capacity, problems will naturally arise and it's about how your handle them. I'll be utterly shocked if hum break with tradition and suddenly become successful at navigating running a mine in Africa

The fact Dan Betts is still there strongly suggests the main shareholder wants this to fail so they can take it over

You probably can't buy £1m worth at 6.6p though, so can you? Placings are often in amounts that small caps can't really offer in the open market. Try buy 20m shares and you'll see what I mean

Betts is a liar, simple. Much like most CEOs on AIM companies!