Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Good post Guvvi,
I'm registered to attend this afternoon and I have posed several questions to HUM. One is the effects on AISC/Costs getting the additional contractors in at Kouroussa and whether they have put any monies aside for this and the relevant impact on cashflow.
One thing that I like a lot, which has not been spoken about much is Dugbe. One of the largest potential gold mines in Western Africa, and Pasofino have been moving it along. It alone is worth more than the whole HUM Mcap in my opinion.
Hopefully they can keep making steady progress.
All the best
Got my days mixed up. Thought the news was out today.
That's why I was asking. Normally I know what to expect, but this time I'm not sure. I believe they may have actually done well considering the main contractor walked off site.
It might be a silver lining if Corica weren't managing subbies well or hitting contract targets.
But then again, could this hit 5p if the numbers are bad?
I think we will soon have an RNS stating mining has resumed without much fuss. The SP is creeping up, delays are not in the interest of anyone (other than shorters). Someone knows something and people have made some money riding the recent waves here. Mates have had time to take positions. This is me hypothesising, I'm not in the know!
I will be voting against re-electing certain members. But will read the up coming quarterly rns when it drops with interest, and a magnifying glass. Until then, I don't think we will have much news.
I remember the days of looking up share prices in the daily paper, people didn't expect to be updated every 5 seconds back then.
Good luck all.
If you stop to think for a second, people have let their imaginations run away and we're in headless chicken territory.
In reality, yes everyone seems fed up with Dan (I am) but yanfolila is still producing gold and we have not heard anything to suggest it is not performing as management anticipated.
Kouroussa has not been halted as there is still one crew working on site and they are still producing, but at greatly reduced levels.
This is what I can make of material news that is out there.
Corica think they are owed money and Hummingbird think the contractor hasn't done the contracted business so hasn't paid some/all to them. That is stated fact.
What we don't know is where is the money sitting now that should have been used to pay corica? HUM haven't spent it on exceptional items otherwise we would be able to tell from financials. Looking at these will also tell you HUM are unlikely to go bust. They are prudent in speaking to their lenders whom they have a very good relationship with.
Its not a great situation at all. I'd like for the contracting issue to be sorted sooner than later, but I think a lot of people are trading on fear.
Anyone basing their investment, buy/sell decisions off these forums should not be investing.
In my opinion, all the best.
I think I recall this being a possibility a few years back, but SDX are in the process of offloading all their Egyptian assets and focusing solely on Morocco.
Lots of synergies between Sound and SDX.
Is this a possibility?
Marce Jacobs - project manager Kouroussa
Belinda Van Lent - Group mineral resources manager
Greg Broux - Managing Director Commercial
Luke Main - Managing Director People
Saidou Ide - Regional Director West Africa
Edward Montgomery - Managing Director Corporate Development
What are these people doing to justify their jobs. They are paid above industry standard. As is our BOD.
Between them. They can't open a packet of crisps!
I'm hoping to average my 28p down. I had a chance to get it to 9.4p a couple of weeks ago, but left a large chunk in a banking share, which has done very well for me. I'm waiting for a divi, so if this stock is still at a depressive level by mid April, I am likely to put a bigger wedge here.
Again it is the BOD's performance that has delayed me doing it before. Fingers crossed they will get some momentum soon. 1st QTR results all important.