Member Info for Mostyn

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

Decent size buy just gone through. Not many shares available to buy at all.

Does somebody know something?

I've been reading up a bit on CIG. They appear very confident in the longer term plan and more importantly Dugbe!

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?

Boost OR knock**

Any thoughts if it will boost of knock the SP?????

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.

Strong buying. What was the old adage.... Buy on rumour!

If they have got another contractor in place then it shouldn't be long to get mining to a more productive level at KOR??

Any thoughts if that agreement will incorporate YAN??

Bit of a late April fools, but that would be an ideal situation. 🤔

I can't quite believe what I just heard.....

Dan Betts is stepping aside and corica have agreed a phased return to normal operating levels withdrawing their grievances!!! 12p today!!!

I've noticed buybacks dropping off. 11th April will be a massive buyback day IMO. It will be interesting to see what the SP does ex-div.

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?

Could this get to 58p before going ex-divi??? Opinions greatly appreciated. Thanks

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!

And Chairman. I forgot that Dan is acting at this as well.

As I've said, I'm not a fan of Dan Betts, but this is really taking the biscuit.

Surely they should be changing the people at the top as well as the mining contractor.

You can't make it up. Just one thing after another.

This has obviously been going on since before 17th March if they have to speak to the bank about funding.

This could squeeze HUM!

Such a disappointment :(

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.