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Perfect Timing lads 👌

The best sell quote I can currently get is 2.95p and there is only 1 market maker quoting a price.

There must be a big sell order that they are trying to work. Perhaps they will smash the offer down to around 3p to try and get some volume?

I can see HUM rising quickly back to the 52 week high level of 20p if gold says above $2000 and commercial production at Kouroussa is confirmed by RNS

The gold price just hit $2000 so we will hopefully see a recovery in junior gold mining stocks

Good to see the $2000 level hit again 👍

Corica is the mining contractor at Kouroussa and it works with many of the large gold producers in Africa. Betts said yesterday that mining volumes have now reached full contracted rates on a daily basis and the plant is running at nameplate capacity. I'm looking forward to when they start mining the high grade zones like 20.75m at 91.98 g/t

9million shares were issued to Sunswell Holdings Pty Limited in the recent acquisition so perhaps this company is selling

Someone must be dumping. It is currently 2.95p to sell so huge spread

It definitely looks like one if the best JVs of its type on AIM, especially when you consider the very low market cap and that it has another JV for Senala

Sounds like they are making rapid progress!

The plant is running at nameplate capacity and mining volumes have increased to full contracted rates.

RRR gets a write up in this article: https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess/

Funny how he calls it Blue Air Resources

Looks like transformational news for the company. Well done to those who had the patience to stick with it 👏

Timeo Danaos et dona ferentes

The annual interest rate on the $1.4m loan is almost 50% outch!

I think the directors should make an alternative proposition otherwise shareholders should vote in favour.

Needs to be salary cuts with bonuses if milestones are met. Williams should go and Oza should step down as CEO as suggested in the requisition and be replaced with someone who has more experience and a good track record

Maidit308 are you deliberately trying to mislead people by saying it's only £100k worth of shares? You're only out by a factor of 10.

Indeed HarChris, the timing of the export restriction announcement couldn't have come at a better time for TGR and should be a game changer. I think it will lead to institutions throwing money at the company to help them fast track increases in production.

I don't think people fully appreciate the implications of the China export restrictions and how much if an impact it will have on TGR. There will be very strong demand for the shares as one of only two listed graphite companies that are actually in production. It won't be easy (or cheap) to take a big position - it will be like when BAT was selling but in the opposite direction!

How did you calculate the cost overrun as the company are still saying Kouroussa was built on budget?

When looking at the figures you have to take into account the company is also developing an underground mine at Yanfolila. I'm not sure of the overall cost but I assume around $20 to $25million which may account for your cost overrun. I think the company said in an RNS earlier this year that it had ordered equipment/machinery for the underground mine for around 11million Euros plus there is a lot of digging and concrete involved in the development of an underground mine

Bonker can advise the company about when is the right time to hedge some ounces