Member Info for Northman1

Many thanks, good presentation.

Anyone any idea when we should find out about the results of the bulk sample testing?

I'd be curious to know how much cobalt we're extracting from the Copper. That really is sought after these days?

You'd have a job sending shiploads of ore to Zambia anyway as its land locked

I'm assuming the next expected updates will be the Q4 results, is that right?

Where did you get the trade payables figure of 36m from?

I don't pretend to be a genius but I can do maths and from whats stated we should have made around 18 m in cash. Cash position dropped 2 (taking into account gold inventory) debt down 5 which mean 15m gone somewhere else?!?
Where?
Don't they have to declare this stuff? Honestly thought debt would have beem brought down a chunk more.

I've said it before and I'll say it again, these guys need to start talking to us. I can't believe it does them any favours having the share price drop 20 - 30% between quarterly updates due to complete radio silence from the company.

Particularly after the less than ideal appearance on Panorama.

Just as follow on AAZ got average 1513 per oz for same quarter. Any ideas on disparity?

Good to see the ASIC coming back down and they have managed to keep going well through wet season. I am however a bit surprised that the average gold price is 1422 as its been well morth of that for nearly the entire quarter. Anyone any ideas why that maybe? I was expecting nearer 1500

GB why would they not use the drill results to extend the life of mine if they have spent millions getting them?
I understand that they could buy other assets etc but would these not be to extend LOM in addition to the extension calculated from the drill results. Otherwise why spend the money on drilling?

Does this mean Bert will have to change his role in Hum due to possible conflicts of interest or is this allowed.
Don't really understand the legalities of this directorship stuff.

Many thanks VanVan, I've found it now though it doesn't seem to want to work for me at the moment hopefully it will at some point.

Lets hope for the best with the Q3 results which I guess will be out in a week or so based on past releases.

Can someone send a link to this presentation I can't find it anywhere

Last 4 trades were all for about 100 quid each increasing the price by a fraction each time, looks like someone play silly b*ggers rather than sustained buying imho

In general seems a positive RNS, 'nearly there' is the overall take from it. Obviously that means that's a red day as nothing on AIM makes sense.

Can someone who knows about mining tell me what theses spirals do that we have purchased more of?

Heck of a drop for naff all trading?

Would have been nice to have an explanation of why aisc costs are still higher than expected. Hopefully the rainy season will continue to be calm and the ball mill can start adding value quickly. Glad to see overdraft not required. Need a chunky LOM extension to get this rolling again.

I don't know is the short answer. Obviously we own a chunk of Cora, but what rights that gives I don't know.

I'm presuming we would just buy the project off Cora once proved up. Though frankly its very difficult to know what HUM may or may not be considering doing as a strategy, as they're about as chatty as the average rock with PI's.

No its to far to haul is my understanding. Cora have another project next door to Yan, Tekeledougou that they could haul from but not Sanankoro. That's my understand anyway.
If it panned out I guess they could do both but I'm thinking of them being a 2 mine operation rather than extending the one's mine life from another source.
Obviously Yan's mine life extension we're waiting on now, from the existing resources within our existing licence.

To be honest I don't see the next steps for Hum being Dugbe. I think they should be seriously looking at taking on Sanankoro off Cora. Its relatively close by, they know the jurisdiction and the government agencies involved, they could use staff from Yan to help set it up and the same companies that built Yan to build that mine.
Why look to Dugbe which is a far more complex target when we aren't frankly competent enough. By all mean do a JV and let a bigger partner lead on Dugbe, but for Hum I don't think the BOD have the skill for that yet. Sanankoro would be a better natural progression once the resource is proved up for HUM to run. Just IMO obviously