Member Info for Mostyn

It took one person (my opinion only) to buy a wedge and this SP spiked and generated a lot of activity for the best part of a week. Yes it may have been a well timed event, because we're all awaiting with bated breath the Q2/commercial production rns's, but say that HUM do release a solid update within the next 2 weeks as advised.... I think the SP will re-rate upwards in a rapid fashion.

To be fair David, you are possibly the most consistent thing about Hummingbird 😂.

I get what you/others say about jam tomorrow promises. But with this quarterly update, I'm hoping it's different.

Apart from you David, I am suspicious of a lot of other doomsayers who have appeared recently to just bash HUM despite not owning any stock.

I mean how sad to troll company forums if you have no interest.....

Taken from most recent presentation dated 27th June 2024:

Commercial Production Forecast:

▪ We are on track to achieve commercial production in Q3-2024:-

▪ A detailed update is to be provided in the Q2-2024 operational and

trading update, which is scheduled for release in late July 2024.

Not long now!!

We've always had a notification RNS of results so I'm expecting the notice RNS this week and Q2 results next week.

I'm hoping the SP doesn't drift much in the mean time as I don't have anymore to put into this, but it's a buying opportunity at this price.

GLA

I hope you are correct bushy, I got the email on Wednesday.

I've been told by IR to expect Q2 results in coming weeks and H1 results by end of September.

So hopefully within the next 2 weeks for Q2.

I'm hoping they announce KOU as commercial at the same time. They'll have had a solid run by the time we get results.

Linkedin radio silence has kicked in. A couple of peeps might have been told to button it as some good info was being shared.

The indication was that KOU is now commercial, but obviously this has not been released yet, but coupled with the increased buying, the cat might be out of the bag.

For anyone that thinks CIG might be about to make a move, for comparison you can research Ithaca energy that was taken private by Delek group. Shareholders including myself did very well off that deal. There are a lot of similarities.

Hopefully the momentum is sustained.

All the Best

Anyone at/attended the AGM?

Hopefully Dan gets the boot today 🤞

It would be good to know how much money HUM are wasting sending Monty round the world. He's been back and forth to the US a fair bit. I bet it's all expenses paid 5*, yet our bank, cornerstone investors and contractors are all African based.

Financial instrument costs seem high.... Is that the cost of getting out of the gold contracts? But I'm hoping the additional gold selling prices will more than offset this, but I'd like a breakdown.

Fingers crossed all the rubbish is behind us and whether we get rid of Dan or not, I hope it's onwards and upwards now.

Good luck all holders

If you're a shareholder, now is the time to vote. I have voted to reject the re-election of Dan Betts and Thomas Hill.

If enough retail investors vote, the the cornerstone investor and other big funds might take note.

Alright Dan, calm down

Oh bushy, did you not see my correction?

So are you saying you are happy with the job Dan has done and is doing? We've had several good bits of news lately and the SP has gone backwards.

I've never claimed to be the man to listen too. This is a share chat forum for discussion. I think you are missing that. I want HUM to succeed.

They have everything in place to do that, but I, like many, believe Dan and other board members just aren't going to deliver share holder value.

They certainly haven't to date! How can they claim Corica walking off site was unforseen when the conflict began last August.

If I got my wish and could replace Dan with anyone, it would be Tom Palmer of Newmont. But we would never be able to get him.

Could you also take note that CIG is not a bank despite you repeatedly saying it is. Coris is a bank. They are both African focused, but separate entities as far as I am aware.

You should also stop trying to belittle people.

All the best

Correction.... Should say "one half percent" , not "one 40th" , but it's not much different to what Dan himself holds.

@bushy....are you Dan Betts in disguise?

When 4 entities control over 50% of this company, any other percentage holders don't have much sway. But one 40th of the whole company is not immaterial IMO.

You would be surprised who responds to questions if approached in the correct way. But if you don't ask, you'll never know.

If retail investors do not make themselves heard when they get an opportunity, then that is another loss.

Obviously we can't all be big cheeses like you. Good luck & all the best.

I get your meaning anon, but business is business and as others have said CIG hold the power.

If there is a big vote against Dan and others, then CIG may find themselves looking for a better candidate.

Between myself and a few colleagues, we have approx 4million shares and we'll be voting in unison. I'm emailing CIG also for comment and to advise of my intentions.

I might be blowing in the wind, but we'll see what happens.

Just look at James Parsnip (formally of Sound Energy). He recently got booted out of a company at the AGM, so it can happen.

CIG could even get there own person to fill the position. I'm sure most retail investors would go with it. At the very least Dan Betts needs to lose the interim chairman role.

This company is ripe for asset stripping. Net asset value is over 3 times the current SP and Dugbe will only increase that.

The wolf of Wall St would tear this apart.

I would not be surprised to see CIG try to take it private soon or a Chinese Co. make an offer.

If you read between the lines on the Pasafino announcement, if the 2 large deposits are linked (and the geology is pointing that way) then, there a huge uprating at Dugbe.

Its something a major would be interested in.

IMO

Good luck all

At David Brent...with that average, hopefully you will be in the money soon.

We all know past issues. Trust of the BOD, Poor communication etc, but I'm starting to believe we've turned a corner, everyone is pulling in the same direction and on the same hymn sheet finally. As others have said, it is in everyone's interest for this to succeed now.

If your average is 15p ish, then any sniff of a takeover, commercial mining announcement etc should easily get the SP way up and give you an opportunity to sell at a profit. It really might not be that far away.

With 50%+ of the company controlled by 4 entities (Including Dan Betts) I don't think much emphasis it put on what we say on these forums.

All in my opinion. ALB

What is your average then DB?

How long until CIG or another try to buyout the co.? A nice premium to current prices will have to be offered.