Member Info for panda1

Also 'took' should be 'taken' unless you're as 'thick as mince' 😂

I think the appointment of new directors that are large shareholders is a very positive for shareholders

The negative posters are completely missing how profitable gold mining will be from here. The guidance is for Kouroussa AISC to average around $1400 in 2024 and be at a run rate of around $1000 towards the end of this year. That's an incredible margin at current gold prices of over $2500.

The company is also accelerating production at Yanfolila which is why the performance was poor in Q2 but the benefits of this will be felt in the coming quarters.

The company's largest shareholder which is the investment arm of Coris Bank just subscribed for more shares at 8.5p so there won't be a placing. The company has also stated it doesn't need additional finance and has lined up non-dilutive facilities as a backstop

No one will take much notice of this person who is aggressively deramping through multiple IDs to suit his agenda.

He was aggressively ramping the stock a few weeks ago.

There is nothing out of ordinary about the weather for this time of year. It eas already the wet season last month when Koroussa produced 4,800oz. The grade being processed through the plant is steadily increasing which will increase the number of gold produced each month. The high gold price will clearly be very beneficial for HUM

Very good to get the refinancing package sorted 👍

The record gold price above $2500 is perfect timing for Kouroussa as the mine starts to become a cash machine now the high grade ore is being run through the processing plant

They are very keen to try and scare people into selling shares, I wonder why 🤔. Coincidentally , I just checked the gold price and it is currently trading at $2537 on Comex which is extremely good for HUM

I honestly think there are much better exploration plays on AIM than ECR.

Very few companies make a commercial discovery and I've yet to see anything from ECR that remotely looks like it has the potential to be commercial.

I think there's far more pump & PR than substance here

Lew7 - don't let them deter you from posting, just put them on filter. I suspect some posts are from the same person using multiple IDs

Should be 'The company is due to sign the agreement....'

Lots of nonsense being written at the moment.

The company's largest shareholder just subscribed for shares at 8.5p last week so clearly there isn't going to be a placing.

The company's mines are back on track now and it has agreed to reschedule debt payments due to Coris Bank, which is also the company's largest shareholder. The agreement is due to sign the agreement very shortly and said it would make an announcement to confirm it

There is an inverse correlation between the amount of gold produced and the AISC. The AISC was high as Yanfolila in Q2 as gold production was low. As production increases the AISC will fall so to say 200k ounces will be produced at $2500 AISC is clearly shows a misunderstanding of this relationship

Kouroussa is the opposite of a low grade mine.

The grades are increasing as they process through the transitional oxide ore to the high- grade fresh rock. Compare what eas produced in Q3 to previously. Best to do more research than post the first thoughts that come into your head.

Yanfolila had a low production quarter as nee open pits are being mined so overburden has to be stripped. The company did warn that production would be significantly weighted towards H2.

Realised gold price will move higher due to the increase in the hedge price and increased production which will give more exposure to the spot price

Should be 'Wouldn't make sense'

The people behind Coris just subscribed for HUM shares at 8.5p. They weren't obliged to do this and it would make sense if they want to take the assets or they think it will go under. The turnaround has already commenced in July. The numbers were better than I expected at Kouroussa and they explained why Q2 was poor at Yan and why the performance would rebound very quickly

Definitely has an agenda and can't even write in English properly.

Kouroussa is well on the way to ramping up fully now.

Even at July's 4,800 oz per month and $1400 AISC the profit will be around $5 million per month which will increase to around $13 million per month once commercial production is reached with 10k ounces per month with AISC falling close to $1000

Tony - Kouroussa AISC was around $1400 per oz in H1 and is expected to fall close to $1000 per Oz when the mine has fully ramped up in Q4. The company expects Kouroussa to be cash generative over Q3 and highly cash generative in Q4. By the end of the year net debt should have fallen significantly

There's only around a month and a half left in Q3 so not much longer until commercial production is announced at Kouroussa. The grades a d production will ramp up quickly from the 4,800oz produced at Kouroussa last month.

People are clearly doom mongering here as they want to get people to sell so they can get in for a trade as cheaply as possible

There's no shortage of shares here given the company very recently doubled the shares in issue to 176million.

Who will buy the 200million additional shares when the warrants at 1p & 1.5p are converted to 200million shares?

Corica seemed very happy with progress at Kouroussa a few weeks ago so I'm optimistic about the forthcoming update