Member Info for jammin86

Dan Betts "It's safe to say we will be a 200k ounce producer from next year"

Naaa, not having it. Nothing safe about Dan's guidance which is almost always a lie

Mate, it's very clearly not heading north cos a company where everything is supposedly going well should not need 33% dilution, hot on the heels of borrowing 20m which supposedly fully funded us!

If you can't make bank with gold above 2000, you will never make bank. Betts should be fired

He's probably just confused why the market doesn't love the dilution

Whatever EV there is in the business just got reduced 33%. What's the urgency?? Gold is at all time highs!

It's painfully clear that Kou is not delivering to plan. 200k ounces next year is a total pipe dream, further dilution or debt raises will happen.

Also why have we not been given details about the hedge? Joke of a management team

My experiences on AIM to date suggests ambition is seldom the problem. Companies raise money without delivering value. Seen it happen so many times

Take everything he says with tons of salt cos he's a complete liar

I think the plan is to use all profits to repay debt and develop Dugbe, with shareholders never getting anything.

Danny is having far too much fun developing mines to worry about repaying shareholders

I think the planning today is 210m shares though... 30m USD at about 7 shares per dollar = 210m. Thievery

Thank you for correcting my figures.

Its absolutely shocking to issue another 33% of shares when things are supposedly going well.

The market will surely punish the company if it becomes clear they want to develop Dugbe themselves, because they are clearly not capable

Don't they own more? They own 30% of 600m already in issue, plus 210m from today's planning, equating to about 48%.

Plus there's the 20m debt we raised a couple months ago which was supposedly going to see us through.

Gold prices are at record highs and HUM is desperate for cash! Not a good look. Once the market hears that they've hedged at mates rates, this will plummet

Agreed. Poor management will never deliver no matter how "good" the asset is. The fact this is now below the placement price tells you everything you need to know.

Another AIM share flatters to deceive. Shock

Operational delivery issues meaning higher costs and lower production meaning an inability to service debt without massively diluting shareholders.

Cue an interview with Betts telling us he's shocked the market is taking the news so badly

He is a liar, simple as. I watched the same interview, he suggests everything is going well and just sold 43% of the company at mates rates. I'm hoping a solid rns lands so I can sell out before Q4 results inevitably disappoint.

He probably hedged below 2000, to mates.

This company will never produce 200k ounces and it'll always be someone else's fault.

I watched his recent interview with Zak, you would NEVER guess that a placing was imminent. Whatever EV you thought the company had, half of it just got given away for less than your shares were worth yesterday. Absolutely diabolical, this is why AIM companies do so poorly and get such a bad wrap. Full of snakes

What's the bet they hedged below 2000!

Yup. It's dawned in me that retail shareholders are on a hiding to nowhere with this stock. Betts is an absolute snake

This will finish below the placement price as the market realises management will never deliver shareholder returns

Dan Betts cannot be trusted, simple as. There are clearly operational issues or they would not need further dilution.

I'll definitely be out if there is another spike

Dilution is a much bigger deal than ppl make out.

There's only so much gold to be extracted, and we all own less of that gold now.

Surely the market will see it as further evidence that even at record high gold prices, HUM can't make enough cash to deliver.

Very poor

"One for the boys" meaning a chance for our partner to get more of the company at mates rates? How nice for existing holders!

Do we think they're ever going to have money to return to shareholders? Every time we think they're fully funded, it turns out they need yet more money. So far it's 50m more than anticipated just 6 months ago