Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Good point Visitor. I will be looking very closely at their next set of accounts. Fingers crossed the Co does actually get back to me. With your points on the pros of selling Dore, I do agree it makes sense. I am just trying to fathom why the SP is languishing.
Has it had anything to do with Mark Denning/Capital Group selling down after or because of Panorama expose? To me the SP started free falling before hand with the artisinal miners and pit wall issues and higher resulting AISC
But..... My gripes and probably the SP could be a lot better with more adequate investor relations.
Sack the PR/IR company as they don't do anything it seems, and improve gold sales transparency.
Sort out LOM as that is also holding us back.
I want to stress that I applaud the local initiatives in Mali and the predominant employment of locals. The timely delivery of the mine and subsequent ball mill. The story looks bright. We have several great plays and a good team in place.
But...
I've been burned by several other promising companies who looked very very good at one point or another before flopping or engineering a deceitful private takeover or skimming off the top. I hope it's not deja vu. And I'm not trying to suggest it is.
ALB
Thanks Jux and Visitor, but why couldn't HUM tell me that themselves despite contacting them through 3 avenues or get their PR people to do that if its such a commonly answered question?
Interestingly, Bunker Hill mining were very open when I contacted them regarding HUM's investment, but this again is a question HUM didn't answer.
What do you think about Betts Metal owned by our N. E. D. Stephen Betts being the sole purchasing refiner (as far as my research can tell me) ?
I believe that there is a conflict of interest going on that is possibly the reason for our lower average gold selling price in the 3rd quarter as well as other Q's and hurting our share price. Our peers all achieved better sales prices and HUM have so far refused to answer my questions despite emails back and forth to Bert Munro and Douglas Ross as well as being ignored by the website contact page.
Stephen Betts is a non executive director and supposed to be impartial which he cannot be as 'Betts Metals' is the sole purchaser of Hummingbirds Gold. I come to this conclusion as the HUM reports state they sell all their gold to one refiner but don't name them and separately in the press, Boodles Jewellers name Betts Metals as the providers of one origin smelted gold from Hummingbird.
Betts Metals is part of the Stephen Betts group of companies. So Mr Betts senior and by default Mr Dan Betts our MD have a fairly substantial conflict of interests.
I would like Hummingbird Resources to provide transparency on sales prices which I am sure they will not do, as they have dodged answering this question for over 6 weeks!
HUM is one of my largest holdings, I am down considerably and worried.
Thoughts on this greatly appreciated.
ALB
I hope M&P could be our white Knight. Give us a better deal, some cash back and still leave us with skin in the game.
Ithaca energy are producing circa 80,000 barrels a day since that takeover robbery, so a cash and share deal here would suit me!
I just can't stomach the thought of Geo using our saved up cash to pay for a big chunk of the takeover deal.
If the board were to disperse our cash reserves before the deal then maybe OK, but that's not going to happen.
Im so disappointed with our directors and NED's.
BMO have advised Amerisur poorly and I hope it comes back to bite them in the future when other selling companies avoid them.
Watchstone Group is worth about £3 a share before any distributions, but the market undervalue us massively at present and yes I think that if a £1 divi was distributed to shareholders the SP would go sub £1 for sure, but with other distributions due we would/should be rewarded for patience above today's sp. Its a question of how long do we wait? If SFO closed case and Aviva Canada dispute settles in our favour soon (personally I think it will) then the Co can sell the remaining telematics business and by mid 2020 we could have over £3 in divis. But who really knows?
ALB
It's actually £39 million in escrow, following court case settlement. Plus PT health sale proceeds (not far off completing) and the eventual sale of the telematics/insurance business plus/minus the legal wrangle with Aviva Cananda.
I like the stocks this fund invests in and even the bad ones aren't doing that poorly. I look forward to many positive dividends fingers crossed
Take out the roughly £50 million amer has in the bank and Geo are getting Amer for less than £200 million!!!!
Complete stitch up. How does this deal affect Oxy though?? And their investment in drilling and Amer's carry??
I think there will be a sale. If not, no worries, we can have a divi and share buy back as we have massive carry's on exploration and 3rd party sales through our OBA pipeline. If the SP crashes, I will sell all my other holdings and mortgage my house to invest here. That's my prerogative.
Now, Get.On.It, I respect your opinion as you are welcome to whatever view you like and I can choose to agree or disagree. But will you back up your view by opening a short? Someone tried the other day at huge potential risk for a pitiful £200 odd profit. But had news arrived, could have turned into a significant loss.
Just my opinion. All are welcome.
ALB
Mostyn
As with most deals, I believe WTG acted in good faith in choppy waters and the resulting deals didn't work out as well as the clients/purchasers hoped and the various legal challenges have been sour grapes. I know they are complex issues and Rob Terry is a massive c. u. next. tuesday, but since his departure the new leaders have done well to organise and rationalise things. I'd forgotten about Aviva Canada, but again I think we will settle in a positive fashion or win out right. Significant value will be returned to shareholders, but its more a question of when and each individuals opportunity cost.
I emailed the company. A very short and Sharpe response stating simply that any news will be released via RNS. I suppose Mr Borson has had a lot of similar emails, but fair play to him, he responded in a very timely manner, which I am thankful for.
But I do think a sale will happen at a decent premium to today's sp
I wouldn't be that disappointed if a sale did not go through for reasons of low bids. The company have fully funded exploration being mostly carried, are throwing off cash and could even afford to start dividends or pay a special, which would IMO steady/increase the SP. All from an already undervalued share price
I Mostyn would like to make a cast iron offer of 50p for per 1 share in Amerisur Resources.
I would like to buy one share.
There you go 'Get on It.' a solid offer at a price you thought unimaginable.
Now if somebody wants to accept, I will request her majesty's Royal Mail to securely deliver a shiny 50p upon receipt of 1 share.
Cheers
I did like the interview and I have respect for Dan, but the interviewer was weak and I got the impression that anything Dan didn't like, they quickly swerved, but I suppose it was more of a promo interview.
Fair play he admitted a few mistakes, but no mention of bunker hill and no mention of gold sales timings i.e, why they didn't achieve a better average price. I'm not not nit picking, but if they want to gain respect as he repeated several times in the video, then why not discuss these hot potatoes head on??
Still no response to my email to the company regarding average realised sales price which is a shame. HUM is one of my biggest holdings, and I know I'm not big to them, but surely they could at the least acknowledge my enquiry.
I wish I'd bought these 4years ago! But have watched and am tempted to take a stake. Forgive my ignorance, but what's the other side? Are they dual listed or a different class of share, and can you tell me if that affects the Divi you would get.
Cheers
I would like HUM to go into more detail regarding the gold selling price as other companies in the same quarter have sold at higher $, and others have sold at lower $ but explained this with hedging costs etc. Gold has been at or exceeded $1500 for the Q as others have said. I just want a bit more detail that's all. I would hate for it to be discovered that the co are selling the gold cheaply to an affiliated company such as Bettsmetalsales to allow them to make a greater margin. I AM NOT STATING THIS AT ALL, MERELY ASKING FOR MORE TRANSPARENCY ON REALISED GOLD SALES PRICE.
I'm a long term holder in the red and still haven't completely forgiven the board for their Bunker Hill dalliance.
But I am happy with how they invest in the community, employ locals and operate to the highest safety standards. Google, Amazon et al should take note!
I have emailed HUM asking this question.
ALB
I was Benson4trak and I hated stt. I invested in the old Blinkx but got so fed up with stt and his apparent dribble and the continuing stagnation/reduction in the R1 sp that I sold out for a small loss.
I'm sorry but he might actually have some valid points. Has anyone made any kind of profit on this share from holding it long term? Not day trading! The answer for thousands of small P.I's is no.
Sometimes it's worth doing some independent digging into the points raised.
Honestly I wish everyone good luck. I don't want any P.I. to lose money.
We need to build our cash reserves up. Concentrate on SD and getting connections to major customers and the dominoes will all line up. We are CF positive. In the next year or so a special Divi would also raise huge awareness.
IMO