Member Info for Lobon

Let’s see how we get on , drilling crew appears competent

Well I’ve just tried a very small top up , no live price and had to go to market for 1280 shares. Took 30 mins to execute, my broker is usually very good so I suspect this will be going higher soon

I would suggest it will be multiple exploration wells

Just topped up here , it made the price tick up even for the small buy that it was . Any buying pressure here and it will be over a quid within minutes

a week or so to turn off and not obsess over the share price

The results appear to be of a similar vein to pat who reported them as high grade today .
However the buy back cheaper and traders are firmly in control. The way I see it more of the same now leading up to a massive increase in resources

Jse gets a name drop here regards petronas assets sell off

https://www.energyvoice.com/oilandgas/asia/346427/petronas-mulls-oil-divestments-as-government-seeks-bigger-payouts/amp/

Last 30 mins of trading is going to be interesting here

Eagle
Agenda … eh? Which it appears you also have by the looks of it .
do you seriously think posting here has any influence over such a thinly traded stock .
For the avoidance of doubt I have never shorted a stock and don’t hold any stock here .
No doubts most holders will be underwater here , this poor performance lies solely at the feet of the present management In Which you back…. This is just ludicrous if you ask me.
Exposure to debt funding on whatever terms they agree is just madness in my opinion hence current share price and general lack of interest
Dyor

Well let’s see how your mathematical impossibility turns out , but it will be interesting how hum actually grease the wheels to finance it
Naive to think capital raise is not a possibility…however a value accretive placing is not always bad in fact quite the opposite if you have strong institutional support . I’ll leave it there

$40-45m required cash in bank IMO is still required for on going liabilities and working capital

Anyways I thought you had filtered me …. :-)

swamp
sorry but they haven't even finalised financing requirements as stated in last but one RNS. i understand you want to defend your position here but , as a discussion on a BB is hardly a fact (as you said) on how HUM intend to fund it and on what terms .
i believe any potential lender will want to see 30% fully funded equity buffer in place, thats how banks work regardless of payment history or ability to pay going forward .
happy to be wrong here ......and i will gladly apologize to you ...could you?
DYOR

apologies for the double post

Kkk
No sure 100% debt is the way forward also increases loan payments and increases payback time . Also exposes lender regardless to higher risk against current cash position.
No debt granted here , the sp trading in this range suggests some sort of placing. IMO no big deal a placing but being lightly traded as HUM could provide some overhang and possibly some downside .

Kkk
No sure 100% debt is the way forward also increases loan payments and increases payback time . Also exposes lender regardless to higher risk against current cash position.
No debt granted here , the sp trading in this range suggests some sort of placing. IMO no big deal a placing but being lightly traded as HUM could provide some overhang and possibly some downside .

what am i upto exactly?
we are giving opinions on a publicly listed stock .... opinions .

Pretty sure they have the ability to arrange suitable financing, it’s not in doubt and I didn’t suggest otherwise. It’s simply down to the terms of said financing , discussions on here are purely hypothetical until it’s drops.
Oh and I’d just like to Point out I sat in hummingbird offices discussing yanfolilia FCF , dividends and share buy backs years back …..
the article that was written from that meeting gained hum some decent publicity

Not sure Essex Paul is referring to the ability to pay back debt or actually them getting financing.
It’s being in when that takes place understanding the terms of financing and how they intend to do it .
Therein lies the risk reward to be in with exceptionally good or terrible financing dilution ect .
It’s ok to be on the sidelines watching when this occurs and is the safer option in my opinion, it’s not a slight on hum it’s part and parcel of investing.
However there is a bit of a cloud over the sp probably due to financing, hopefully it can sail into smoother waters when this is done .

cheerfulldoor
you are absolutely 100% correct how HUMs cora holding was carved up between lets say high net worth holders straight after a placing too.... then World Class Intersections announced 3 weeks later ..... stinks bad imo
HUM the company takes the hit , individuals get the bargain on the back of placing .....seems odd. no increased holding since then which makes me believe this shares were carved up by individuals not cora's larger investors lord farmer ,brookstone ect.
and yet they continue to hold bunker hill which is also non core??

looking good today , stock appears to be drying up .... next stop 20p+