Member Info for merrywep

The offer has become unconditional in all respects and Nioko Resources Corporation will now commence with the compulsory acquisition of the remaining Hummingbird Resources plc shares, pursuant to section 980 of the Companies Act 2006.

 

Under the terms of the offer, your account will be credited with GBP0.026777 in exchange for each share held. If you are happy to receive these proceeds, you do not need to take any action, as we will accept the offer on your behalf.

I kept some so yes. Interesting to see what happens at pasofino as well. https://www.pasofinogold.com/news/news-details/2025/Pasofino-Gold-Alerts-Market-to-Indirect-Take-Over-Bid-by-Nioko-Resources-Corporation-and-the-Occurrence-of-a-Flip-In-Event-Under-Its-Shareholder-Rights-Plan/default.aspx

Particularly the repeated focus on creating value for share holders. It sounds like we may hear something soon about buybacks or dividends

He did say another 10 meters to go to get to higher grades so that leaves me thinking this qtr is not going to produce that much gold? Or maybe it will if they are processing a lot of ore but the AISC will be high?

I could not believe Dan actually said to a question asking about the missed production at Kouroussa that the question was harsh! It was everyone else’s fault. He said they had only committed to getting it producing 2024.

2023 Q2 operational update on their web site for Kouroussa “ ramp up of operations is on track and regular gold pours commencing in July. And produce circa 30,000 ounces for H2-2023.”

Pretty clear to me they missed big time!

More information on the Pasofino Gold website than we are getting. Going to be interesting to hear Dan explain why we are going to be spending more money on exploration at Dugbe.

https://s26.q4cdn.com/952577408/files/doc_news/Pasofino-Gold-and-Hummingbird-Consolidate-the-Dugbe-Gold-Project-to-Establish-one-of-the-Largest-Gold-Projects-in-West-Africa-2023.pdf

Who knows! All very quiet here. The other news today on this site. Showed the 20th of February for goldplat . So really it’s going to be next week before we know what’s actually going on.

They said at the latest the end of the month. Not sure I like the way the RNS was worded "Annual Report for the financial year ending 30 June 2022 is still being finalised." The Annual Report should have been complete apart from the auditors approval, the fact they are still finalising suggests they are changing it based on what the auditors have found. Without any further information it's difficult not to be worried!

Good presentation putting forward the value in Dugbe.

https://www.pasofinogold.com/investors/investor-presentation/default.aspx

Some pretty big buys yesterday late afternoon and again this morning, some confidence in there being good news very soon!

Did anyone manage to attend the AGM last week, was there any more information / background on why the audit of annual results is delayed?

Based on this from the 15th Dec "The Company expects to announce the FY22 results in line with market expectations and to publish the FY22 annual report and accounts on or around 20 January 2023. Further updates will be made as appropriate." There should not be any surprises, but then why the delay?

That was a big boy that went through this afternoon.

Maybe something positive is about to happen with the funds they say they are going to return to shareholders?

https://www.marketscreener.com/amp/quote/stock/PASOFINO-GOLD-LIMITED-63216079/news/Pasofino-Gold-Announces-Extension-of-Non-Brokered-Private-Placement-42019996/

Listening to the interview with Werner it seems pretty clear there will be another buy soon. He again said they were looking at the best way of returning value to shareholders, and that he considered the share price to be very low at this price. another buy back should push the price up again.

Is this the only gold miner who's share price has an inverse relationship to the price of gold, I think I would have done better investment wise if I had invested in one of those Nigerian prince emails!

last year the Q1 update was on the 21st April

"especially as we expect Goldplat to eventually re-join the ranks of dividend payers."
This has been the message for some time now, the question is when and what dividend?

This made me laugh this morning. I assume some crap automatic report generator and no human checking it! “Below Fair Value: HUM (£0.11) is trading below our estimate of fair value (£5.05)”

£5.05, if only!

https://simplywall.st/stocks/gb/materials/aim-hum/hummingbird-resources-shares#valuation

https://www.**********.co.uk/articles/hummingbird-resources-talks-about-the-high-grade-drilling-data-received-at-kouroussa-618aebb/

Talking about yesterday’s RNS.

A lot of trades today! News tomorrow?