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That's fantastic news. He's been a real drain on resources without appearing to contribute very much to generating shareholder returns

I voted to not re-elect him and I assume many others did too.

The most recent TR1 showed the largest shareholder reducing its stake from 12.56% to 9.3% so perhaps we'll get another TR1 shortly

Lovely rise today and pleased to see it for long suffering shareholders.

I've decided to bank my profit and put it in another undervalued miner that is primed for a similar rise if positive news lands this month as I expect

The Jorc resource of 17,800 tonnes is owned by another company, Nagambie Resources, so is nothing to do with ECR.

I'm surprised people are getting excited about such a short intercept of only 0.3m. Also it is from 143m depth so it's not easy to access that economically. If you look at all the other assay results in the table they are nearly all below 1% and also short intercepts of less than 1m.

The market cap will be far higher now with the large amount of shares issued at 1.1p plus you have to consider the debt as well

It is very positive. You have to bear in mind there is a lagged effect from Corica getting back on site and ramping up mining volumes to it translating into gold production. It takes a while for the ore to be run through the processing plant. In Q1 5868ozs were produced in 3 months. The production will start to grow rapidly now as both the ore grade and mining volumes is increasing

Typical AIM - I saw it got pumped on twitter by the usual suspects and then a placing is announced

Is the warrant exercise price stated incorrectly in the RNS as I thought it was 0.25p?

Definitely a ver positive sign that the directors have bought such large amounts of stock. Market cap is below cash so they clearly see it as a bargain

Once commercial production is announced Kouroussa should be producing 10,000 ounces per month which translates to around $1000/oz EBITDA at the current gold price so around $10million per month EBITDA.

This is without Yanfolila which should see an improvement in cash generation with the high-grade 4g/t ore from KEUG

Things will start moving into place now at Luansobe. They have clearly been waiting for the mining licence before they could move the project forward into production

New granular plant should start production shortly which will see a big rise in sales due to the large offtake agreement.

The manganese price is strong so there's the prospect of very significant revenues from Nayega.

The market cap looks very undervalued and there's no funding uncertainty to hold it back now

It's a shame the results were disappointing as a good set of results would have made it much easier for the company to raise funds for further drilling.

Stunning result and shows how much exploration upside there is at Yanfolila

I think we'll also see some stunning results at Kouroussa as apart from the known resource there hasn't been much exploration drilling

You can't simply look at the market cap to value NTOG

I am of the opinion that 20p is on the cards during the next few months if there are no more slip ups and commercial production at Kouroussa is announced next month. At anything like the current gold price, the high-grade ore will make the company highly profitable and debt can be paid down very quickly

This is a pivotal period for the company and reminds me of the time GGP first made its discovery a Havieron

Gold just hit a new all-time high of $2450 so should be a good week for HUM shareholders with Corica ramping up production at Kouroussa which is one of the highest grade open-pit mines in Africa

As Kouroussa gets back on track I think the market will start attributing value to Dugbe which is not currently in the share price. It's a very large project with over 4million ounces of gold and it's late stage with a feasibility study and ready for financing and a mine to be built. At a $2400/ounce gold price it should be a very valuable asset

Good post. I agree the share price is likely to hit 20p again once commercial production at Kouroussa is announced. I then think 30p is definitely feasible once figures come in showing how profitable the company is and how rapidly the debt can be paid down