The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I'm shocked they only raised the big to 15p (incl div)... Surely this needs at least 20p to pass votes? If only to tempt those involved in the 16p fund raise a few years back.
They're shooting themselves in the foot being greedy. As gold goes higher and results inevitably show increasing free cash flow generation, shantas value keeps increasing.
I'll be buying more
Nevermind, found it.
These directors are truly scum
Where do we vote on hl?
LOL. overvalued relative to the dumpster fire with 150m debt and a fallout with their principal mining contractor.
It's priced low because it's a dog. No doubt the asset is good, but its in Guinea which has a track record of poor delivery
Surely its borderline illegal to inform us that we don't need to vote again, only to find out that we actually do??
I bought hum a year ago because I thought they were close to commercial production on kou. got swept up in the optimism pre-FGP.
I didn't do enough homework to see how terrible management is at delivery. my fault. its been one issue after another at kou
If a company has 40m but owes 150m, is can definitely have a market value of below 40m - it could even be zero if they cease to become a going concern.
50m market cap is a long way to fall still. I think its become binary at this point, given the amount of debt they have.
Shanta gold :). the takeover is going to fail again.
serabi is doing a lot better than HUM, too.
I thought you were comparing the current market cap to the cash at hand, which is why I baulked.
As I already said, lenders will win from HUM. They'll get their money back. But PIs won't.