Member Info for jammin86

Good for him if he's making any money on this dog. It certainly is not one for holding, only trading. There's no long term value anymore if they cannot make it happen with gold above 2k.

Just imagine how much dilution there would have been at 1800. The company would probably be insolvent

Gold at 3k, DB hedges it at 1950

Them. We are bagholders

If you cannot see a scenario where CIG wins and we lose, I cannot help you.

The current set up isn't working but unfortunately nothing changes while Dan Betts is in charge. He's dishonest and incompetent.

Holding the bag is a common expression - look it up.

The placings and buyouts will happen when the company is desperate for cash, such that the share price will not be higher.

We are supposedly on the verge of success and the placing is happening at 11p, not 20p. And that's because management cannot deliver and the market knows it.

CIG will own the company outright by the time "shareholders" see any returns.

CIG will make a killing from HUM, but ordinary shareholders will ultimately hold the bag.

At 43% ownership and with $20 debt, they basically already own HUM, and surely they are going to buy them out for cheap and make a success of things without Dan Betts around to ruin things.

You think you've seen it all on AIM. Perennially disappointing, never touching an AIM share again!

Regarding 200k guidance for 2024, it will be very easy for Dan to blame the weather or something else when they miss guidance, no matter how late in the day they are giving it. It won't be Dan's fault, that's all I know for sure.

As for diluting shareholders to finance Dugbe, it's an absolute joke. Obviously they should be patient and use FCF from operations.

Quoting the NPV and mentioning the higher gold price and not the MUCH higher cost of capital is incompetent or disingenuous, take your pick.

I think he's a flat out liar

I was so sure I'd finally found a miner that was at peak debt and fully funded, with no further dilution.

Just goes to show that on AIM you have to expect the worst and then some. Management is borderline incompetent at delivering shareholder value.

The only ppl who will make any money out of this are traders, Dan Betts, and CIG. Retail shareholders will be diluted to oblivion

Have they hedged yet? Knowing Dan it'll be below 2000!

As for getting it out the ground, 60k ounces in the first 3 quarters is just Yan! Zero from Kou is being hedged, because to hedge it would be too risky as they can't get it out the ground.

Why no mention of the latest Kou gold pour?? Not hard to guess, is it

An amazing opp? I strongly suspect we will have many great buying opportunities! Market isn't dumb. Kouroussa clearly not performing. Maybe they don't know where the gold is??

Naaa, the enterprise value has not increased by 33% today, only the number of shares.

There isn't magically more gold in the ground, we all just own a smaller share of it.

What does it matter that there's volume at 10p, significantly below the placing price?

Placing*

The planning dramatically reduces shareholder value once all the debt is repaid. That's the point.

The pie keeps getting eaten by other parties, and there will be less and less available. It's not like there's an infinite amount of gold to be mined

Lots of people are selling out for less than the placement, which tells you what you need to know.

I'm sure there will be another undeserved spike, which will be a nice exit point. I've got my sell orders set to 12p, should I ever get so lucky again!

They've given away 43% of the company for 45m dollars, and borrowed another 20m, all of which suggests they just cannot get the gold out of the ground and turn it into cash. At this late stage, with gold at historic levels, 33% dilution is an admission of failure.

I think 3p of free cashflow next year is a great result by the way, I'm expecting closer to 0.

I am far too insignificant to move the share price with my "deramping". Lol. But thank you for suggesting I have some impact on the share price!

I think you'll get plenty opportunities to buy at these prices, so don't rush too much :)

Thank goodness I invested in some decent companies like SHG and didn't rely solely on HUM as my gold price play!

We are not making anything in excess of the debt repayment, don't be crazy.

They'll probably achieve 180k ounces at an AISC of 1500 and hedge it at under 2000, leading to just shy of 90m revenue, enough to repay 77m worth of debt and blow a little on Dug.

I'll be surprised if they manage to repay the 77m from operations and don't need any of the 30m they just raised!

I'm not much underwater, probably about 10%.

I have no faith in management to deliver after today's update, since I watched Betts give an interview just 2 months ago in which he clearly suggested everything was going well.

I'll be watching very closely so I can sell out on a spike. Thanks for wishing me well, I wish you the same