Member Info for LuckyLuciano

Below is an extract from 30 Sept 2016 Interim Results:

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Another development post period end was our entering into a Memorandum of Understanding ("MoU") with Kola Gold Limited with a view to amalgamating some of our non-core gold exploration permits in Mali together with a number of Kola's permits in Mali and Senegal. The objective of this MoU is to expedite development and provide value upside from non-core exploration assets through a 43% interest in Cora Gold Inc, without diverting cash resources from our flagship assets. This opportunity provides us with buy-back and royalty rights over the permits closest to Yanfolila, which could add further significant upside to our current mine plan, as well as the doubling of our exploration exposure in Mali and an introduction to Senegal. I look forward to providing updates on this transaction.

=====Anyone has an idea of what Kola and Cora represent for Hum????

I have also found this on Kola:

https://offshoreleaks.icij.org/nodes/10155293

Very intriguing....

Do you see how they are brainwashing the masses?

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On the back of this conspiracy theory another example...

Is ironic that Moody downgrading US banks comes out today, just after last night China negative economic data.....look a the USD going up....

“As government expands, liberty contracts.”

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Even if liberty won't contract...we will find more and more, less money in our pockets.

Just to show how the western system of controlling its citizen and misinformation is up to....

Today getting out of Morrison I cough a headline new in one of these tabloid papers saying:

"Wages rises with inflation spiralling out of control"

I felt a sense of anger that I could have murdered someone...lol

Do you see how they are brainwashing the masses?

Sure TT

I am saying that Ghana will go pro China..

What I am trying to say is that by playing hard to get, Ghana may find that actually investors (wester investors) rather place their bets on Canada, Australia, US, South America or even Europe.

IMO the Ghanian Gov. are living in a limbo possibly carried away (like many of us ...) on the bandwagon of the lithium train...

They think that every car manufacturer or battery producer will be coming knocking at their door, ready to invest billions ...Deluded!

Is not that in Ghana there is the world bigger reserve of lithium in the world isn't it?

In fact actually Ewoyaa is the biggest reserve they got....pathetic compared to other parts of the world, looks like they want to kill the industry from the start, watch this space...

I can see Piedmont change their mind and look for a Canadian lithium producer....

I know I won't be popular with what I am saying but sorry, have to say it anyway...

Its intriguing the timing all have chosen to release these two announcements...

And what about if they tried to divert the attention of a quite negative drilling new, with something that yes! Is negative, but was kind of already know to the market?!

No prove of this, just my fantasies, but if this is the case...forget about fundamentals, and I would start to question the integrity of the BoD.

Hi Gunsup

Is not that I disagree with you. You are talking with one that is completely against any form of income tax.

In my ideal world Governments would rise money only via VAT.

I can't see a better, more effective and fairer way to implement Gov. policies....but this is too easy and too transparent.

We need the lawyers, the civil servants many ministers and friend and the underworld of lobbies and bribery to keep going.

What I am trying to point out is that in your first post, I don't see the connection between Italy bank policies and Europe.#

What I mean is that if UK was still in Europe, the UK Gov. would still be free to apply any tax regime that they think is right to Uk banks...Is not that because Italy increased taxes that UK would do the same.

And indeed is not that because Italy increased taxes that European countries would do the same either.

Lastly even now that UK is out of Europe is not that the UK Gov. WONT increase taxes for UK banks....

So really bro, I think you point on Italy and the European Union goes a long way to show, the current situation of this Country.

Indeed a complex matter with many moving parts, in a context "global warming" not so clear cut, or in any case with no clear commitments from any participant.

At best is going to be a massive rollercoaster of share prices and commodities prices, difficult to guess what profit a wanna be miner, will make in say 2 years time.

TT

Very good points on first part of your post.

Not so sure on second bit.....

Ghana becoming larges oil producer?

https://www.statista.com/statistics/1178514/main-oil-producing-countries-in-africa/

Probably not in our life time. And on lithium well......

The way I see it is Africa splitting in to two kind of producers, pro West and pro China.

The pro China right now are very much wining the race, and Ghana by playing had to get may even become a no starter..

Hi bankrupty

if Ghana won't allow the export of Spod......

That is very unlikely, I think what they won't allow is the export of DSO......Same is happening in MALI

Look at Leo Lithium.....

But the point on Piedmont is valid and it was too at the back of my mind..

Would be interesting to know if the $70million has been paid yet or not. For sure this is decision time for Piedmont as once they pay the $70millions there is no way back really....

Anyone know anything on the 70 millions......wouldn't the company make an announcement when that happens?

Typical lack of reading and comprehending skill of a Brexiter.

It is happening in Italyyyyyy NOT in Europe.

Even today drilling results have failed to register any interest in the sp, I am not sure but probably the company have timed these two announcements to limit the damage to the sp.=====================

Correction on the above:

Have read properly today drilling announcement.

In all honesty it can not be interpreted as positive.

Rugs

imo ALL sp is now become a 100% trading target. It will move with technical not with fundamentals.

Even today drilling results have failed to register any interest in the sp, I am not sure but probably the company have timed these two announcements to limit the damage to the sp.

This in itself would go a long way to explain what is the current situation regarding ML.

I do believe almost 100% that ML will be granted...but when and at what conditions?

This uncertainties will be always in the mind of anyone wanting to invest in All ...

At this point in time the only new that would support the sp would be a ML, and that is not going to happen for a while...

There may be some announcement in between on progresses on the negotiations and on the "Green mining reforms" from the Ghanian Gov. all slow moving events with uncertain outcomes...

Yet ALL sp sooner or later has to bounce back or at least stabilise in a trend channel.

Maybe to days is the lows but IMO I wouldn't hold my breath on any meaningful bounce back up.

Meanwhile in the long road ahead one has to battle with price of lithium trend, macros "market corrections" and if I remember correctly ALL still looking for some cash via another offtake agreement ?!

imo if one has to average down here, it has to be meaningful, ie done from a quite high price...

You need to consider the balance between been to much invested in this....and average down.

Levs I think you tell people a lot of lies.

I was just giving people here a nice tip. Look at today sp bro -10%....

Anyway forget about Hummingbird Resources, just take my advise on not topping up on a falling knife..

And learn the lesson, never invest in a miner with no ML, unless is day trading.

Well I am sorry for this guys.

But no surprise here...At best this is simply less profit for ALL (maybe not that much) and more delays....

Anyone can not see any different, hence sp reaction.

Glad I sold earlier, I should have never consider a long term investment in a company that has not obtained yet a ML.

If wasn't for the Lithium trend story, probably I would have never got in with that intention....too much time and too many variables and risks, before ALL will make any money.

A word of advise, on averaging down bee careful not to find yourself too much invested in this share, this could well be catching a falling knife.

If not mistaking today ALL sp touched an intraday 1 year plus low and worst, it closed at 52 weeks low.

IMO more lows to come....

If you like a 12 months time frame investment with same if not more potential than ALL, and some diversification

take a look at Hum.

DYOR and again sorry for the news.

Hi

Nameplate capacity, is intended as the maximum processible ore from a mining operation.

Commercial production, is anything from breakeven point of production level, to nameplate capacity.

Commercial production is often a moving target, in the sense that it can be calculated from the begin of operation, but as costs are incurred it can change.

For a new mining operation it also depends how capex/opex are been apportioned to OZ produced.

In a typical DFS is used to indicate the repayable time of a project (not sure which one is for Kour)

Again is important to know if this repayable period includes capex/opex or just Capex.

But the repayable period of a project, is not commercial rate of course...commercial rate is achieved much earlier.

I am expecting some sort of announcement in September, they say:

The operation is anticipated to reach steady state production in Q4-2023 and expected to produce circa 30,000 oz for H2-2023.

Is likely that any rns out will be on this tone, not too specific......something like the operation has reached 100% capacity for a full week....

We may even get 2 RNS from Kour, the second maybe in October when rate of production will reach commercial levels.

For max nameplate capacity possible it will happen a bit later near end of the year ?!

All imo DYOR

This article, may help those scared that African countries, are there to get your gold.

https://www.bbc.co.uk/news/world-africa-66406137

Https://www.investing.com/news/world-news/as-deadline-looms-france-backs-west-africas-bid-to-undo-niger-coup-3145994

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There is no chance that Mali military forcers will get involved in Niger troubles.

I mean they need Wagner mercenary and UN/France before them, to contain Jihadists in their country, how on hearth are they going to fight all the way to Niger and what for???

I don't think they would like to upset further the (ECOWAS) now that it seems, they have partially lifted the sanctions.

BushyTailed...lolol

Yes admittingly I have posted far too much, for someone claiming to be a sociable person.

I promise that I have almost run out of things to say on Hum subject.

Agree 100% on the validity or not of EWP website ratings, not only these are based on statistic data, but they fail to take in to account the fast changing nature, of some part of the World compared to others...

More over (imo more importantly) one should be able to scrutinise, the initial input values, that that computer model of risk/ratio is using.

Indeed a political risk assessment is not necessary an investment risk assessment, and also some initial valued could be biased, depending on the perceived values of the creator of that comp/model, a bit like in AI.

Anyhow as I have ample time available, I had a good read at the history of recent coups in Mali..

At the end there are "conclusions" for a quicker read.

https://www.crisisgroup.org/africa/sahel/mali/304-transition-au-mali-preserver-laspiration-au-changement

Also this from the UK Gov. website:

Is the follow up of why now elections will be in 2024 and not in 2022.

https://researchbriefings.files.parliament.uk/documents/CBP-9636/CBP-9636.pdf

As you say BlackHopper the decline of French and UN involvement in the country is unfortunate but having YAN in the far SW of Mali is of course the best place.

In the above linked/articles, they claim that actually one of the reasons why there as been a coup (the first in 2020) is exactly because dissatisfaction by Mali military and population, with the UN and the French, to resolve insurgence and violence in rural parts of Mali, by the jihadists....

I suspect with the second coup the US and the French military, tuck the opportunity/excuse to withdraw their troops and save face at the same time.

I believe that risk/reward are priced in a share all the times, hence if nothing specific has changed for the company/share, the rest are rumours.

It would be sad to sell HUM shares at such low price, for then see them in 1 year time at 4 time ..or whatever their value.

Moreover because is not my nature to deceive others (at the best of my knowledge and intentions) I do get a bit angry when others do it.

In concussion after reading a bit more info on Mali political situation, I am even more convinced that our Yan mine is super safe.

I suspect problem with jihadists in the country are un rural areas and possibly regard appropriation of herds and cattle,

but this is my pure speculation...would be interesting to know why there are these clashes.

If there was any issue of gold been stolen from any foreign mine in Mali, I think the news would quickly spread.

Is also likely that you and me will not be the first to know this, but still I would like to read the news first and then make my decisions, rather than jumping to conclusion. Anyone is different with own investment criteria....

Have a nice week end.

I'll be back!

Https://earlywarningproject.ushmm.org/countries/mali

Same as South Africa.....

Indeed as I posted yesterday, when someone was suggesting stupidities like Hum sp been down due to Niger crises,

Rsgr another Mali gold mining company closed up 5%.

I know I wont get a straight reply, but just personal attack from some here, but I don't care....

I good to have personal opinions based on facts and information, but just to repeat like a parrot what one read on the tabloid.....hmmmmm.

As always DYOR and don't trust face value what parrots say.

Https://country.eiu.com/mali#:~:text=Political%20uncertainty%20will%20persist%20in,Tuareg%20rebellion%20in%20the%20north.

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Can you spot how the writer of the above article, is trying to steer the reader opinion towards the idea that Mali without the French and UN is going to be in trouble?!

This is the constant brainwash that mainstream medias are feeding us for decades, and is like a self fulfilling prophesy.

No wonder sooner or later an African country get pi@@edoff and does a coup......

I love to see our politicians try to govern a country, like Mali.

I read:

The junta has strengthened its hold over the state through a successful constitutional referendum in June, and presidential elections are scheduled in February 2024, which we expect to be delayed until end-2024 due to delays in the transition timeline.

Is it not remarkable for a country like Mali in the situation it is, to still wanting constitutional referendum, and presidential elections?

More over taxes for foreigner company in Mali, are still much much lower than in UK for example, although there are talks that this may change, via civilized negotiation and reforms (by the way)

I am still awaiting someone to bring an example of Mali Gov. outright expropriation of foreigner assets, but so far nobody is able to bring it about, but many are very quick to point finger to the danger to be invested in Mali.

Brain wash is a dangerous thing, don't let the system win, learn to think with your mind not with what other like you to think.