Member Info for K3VMC

SmallerThanLife.

Good point. Perhaps the incumbent shareholders just wanted them at a larger discount to the market, then?

Anyway, they are considerably cheaper than yesterday and would appear to have the cash to exploit their recent success.

BetterCallSaul

“ Has it EVER been in profit - asking for a friend?”

Perhaps you could educate your friend regarding the use of RNS statements and the English language?

Note that the CEO is in for £264k. I understand that the vast bulk of the placing goes to existing holders and will be kept long term.

“ We believe this fundraising will enable us to achieve positive adjusted EBITDA and cash generation on a monthly basis later this financial year and annualised from FY 2026, which will facilitate accelerated growth. Accordingly, the Board strongly recommends that all shareholders vote in favour of the Resolutions.”

Yes, it’s a huge discount, but that is just the state of the market right now.

If it goes anywhere near the 5p placing price, that’s just market makers trying for cheap stock. Sell tomorrow if you want, but RDT is heading for profit this FY, so just let other PIs buy in cheap and wait for the rerate.

All IMHO.

That is a very up beat message from the ceo.

Sadly, I could only buy a fraction of what I wanted as I was heavily invested in the Sunday Roast prize pick of COPL, ramped above the clouds with 10p dividend trash talk. I’m too embarrassed to quote how much I lost. I will still invest, DESPITE their involvement.

Punter64

“ This is NOT a good deal at all.”

It’s not a deal. Anyway, it only affects shareholders.

$40m is worth 3.7p cash per share to HUM, but has a much larger effect on cash flow.

Judging by that photo, the CEO needs to research “Metabolic Syndrome”.

Cash flow is reality, so control of costs is up there with controlling one’s diabetes.

It’s another valuable contract, to add to the other valuable contracts. At this rate, they will be able to access project debt at reasonable rates of interest. Then it’s full speed ahead. Well, not speed, but you know what I mean.

Happy to have bought in last Friday.

:-))

Give this a month.

:-))

Deepsurvey1

“ Just tell us how much the mines are producing, it’s quite clear they don’t want to, why not.”

At the risk of stating the obvious, they avoided giving the figures because they are disappointing. DB believes himself to be an entrepreneur, which may well be the case, but that’s not what HUM needs. HUM needs an effective, nuts and bolts, no nonsense, mining engineer. It should have been done before the mine was built, but DB clearly had delusions of adequacy in that department. Anyway, real life has a habit of delivering consequences.

The good news is that DB has been scheduled for light duties and HUM’s largest shareholder gets on the board to look after his company’s interests. Happily also looking after our interests too.

The gold is there. Execution was woeful. One of those statements will not change.

I’m unimpressed by DB, for sure, but I’m now averaged below 10p and getting lower by the day. If he had been as good a mine manager as he had been an entrepreneur, I wouldn’t be this invested, at this price.

Nioko obviously thinks along the same lines and is drip feeding its new $20m loan into HUM, while it gets a grip on the situation, pending a new CEO.

The size of the resources and the soaring price of gold trumps previously poor execution and HUM is due for a major rerate over the next 2-3 months.

All IMHO.

Anon3

“ Oh and as I said weeks back, I don't believe we'll be giving Dugbe away cheaply for one minute.”

DB also said that the Dugbe offer was non binding and that they had had other, informal, offers.

Mimbrit

“ Please could you point me in the direction of reliable NPVs for Yan, Kou and Dugbe?”

No, sorry. I merely repeat what DB said, hence the quotation marks. I suggest reading through the RNS history.

Dan Betts. “NPV of the three assets is approximately $2bn and the mcap is only $50m. That is a crazy mismatch”.

Worth listening to.

https://www.investormeetcompany.com/companies/hummingbird-resources-plc

Shard did most of the placing, chargin 5% commission. I think it’s only 1% to sell.

Anyone Shard customer needs 7.5p just to break even.

Nobody Shard placee is selling under 8p, I reckon.

Looking good. Borrowed money to get through the rainy season and up the throughput.

Then on to the sunny uplands.

Sorry Pat. I kept losing the presentation and the thread of things, so was distracted. That’s the figures I have in my head.

CEO confirmed that Pasofino offer is only for DueDilligence. Formal offer can be higher. He also confirmed that HUM got several informal offers and they looking at them now. If this get to a formal one, bids will have massive Premium on top of today’s Shareprice.

Yes Mostyn. As Dan said, it is better to hedge and watch the gold price go up, than not hedge and watch the gold price move down.

I won’t criticise them for doing the prudent thing. Plenty of time to churn out 10koz/m.

Not long to wait now.

56kos at $2230, I think they said.