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Leon confirmed in the interview that 'Luansobe would be a perfect client' for Jubilee. Jubilee has tested a bulk sample of the ore at Luansobe and has confirmed it can process the ore very efficiently. It's fantastic to get that confirmed 👍

We suspected that was the plan all along 😉

Jubilee is the perfect partner as Colin set the company up and has a very close relationship with Leon. Jubilee has the technology to process the ore efficiently. Colin left Jubilee to concentrate on getting Luansobe into production

Good to see ALR is looking to upgrade the ore and export a lithium concentrate. The potential rewards are far higher.

It sounds like there has been lots of activity whilst people were moaning about lack of news

How can the answer to my question be inside information?

I just asked in general terms what is the approximate minimum cost of a plant that would be required in order to become an APP and what is the minimum grade of the concentrate that's produced? That's nothing specific about RRR.

This is getting a bit over dramatic now 🥱

Helpful - what is approximately the minimum CAPEX to become an APP and how long would it take to get a plant up and running?

HUM is the most undervalued gold producer on the market, especially when you consider the performance at Yanfolila has been very good for the last 3 quarters and Kouroussa is now ramping up to full production

There isn't any benefit unless the warrant is in the money and close to expiry.

The company's corporate broker was the owner of the warrants

The spread is very wide. Someone just sold 4million at 0.10p. Its a tough decision to buy now as it will show an immediate loss on paper and knowing Lanstead will be a regular seller of shares

It's worth doing some research on Orecorp's project for which a takeover has just been announced with value of $130million. It looks a lot like Dugbe with a large but relatively low grade open pit in Africa and is also at BFS stage.

Would be nice to get some interest from commodity funds that buy shares in companies that make a new discovery.

That often leads to a rapid rise in the share price

I'm surprised we're getting the opportunity to buy shares at the current level.

Yanfolila has performed really well now for nearly a year. Kouroussa is all going according to plan and will reach commercial production very soon. The gold price is at a good level for producers and the company has 50% of a very large project which is at BFS level. Has anyone on here sold recently as I'm scratching my head as to why anyone would?

I'm happy to hold HUM as a long-term investment as I think there's a great chance of seeing a multibagger from here

Https://www.mining.com/silvercorp-to-acquire-orecorp/

This takeover deal has just been announced and values a project at around $125million that looks similar to Dugbe. Don't think there's any value for Dugbe in HUM's market cap

Https://www.mining.com/silvercorp-to-acquire-orecorp/

This takeover deal has just been announced and values a project at around $125million that looks similar to Dugbe. Don't think there's any value for Dugbe in HUM's market cap

Directors kept saying they were only going to do project level funding deals so as not to dilute shareholders. The fact they tried to do a big discounted placing and when that failed had to resort to a death spiral facility is a huge disappointment for shareholders.

The directors have lost a lot of credibility with the latest funding deal with Lanstead.

Investors hate these type of deals which rely on the funder regularly selling shares into the market to fund the monthly payments. It puts people off buying as they know it almost always leads to a weakening of the share price.

The person that's has already converted £127k of the loan notes probably did so as to achieve the lowest possible conversion price. If there is a big rise in the share price in the near term then the conversion price will increase significantly, especially if there is also big volume which is likely on the news that's is expected to be imminent

At the time Eileen made the investment the company was in need of funds to tied it over until the the end of Q2 when it was hoped the project level funding would be secured by the Canadian Bank. When the funding didn't materialise the company attempted to arrange a placing at 0.12p but when this failed to attract enough investors it had to go with the Lanstead facility as a last resort

Has anyone asked the company why it hasn't released production figures for Q1 or Q2?

The directors in this company seem to do so little for their salaries

These financing facility providers just want to make a risk-free profit so they regularly sell shares into the market. I'm certain Lanstead will do this and keep 25% of the proceeds and pass on the rest of the proceeds to Oriole. It had a negative impact on the share prices of Immupharma and Nuformix. If you look back far enough in the posts on those boards you'll see plenty of shareholders moaning about it

This is quite a good explanation of how the facility works plus remember Lanstead has also been given 83.7million:

'Lanstead sell shares every day during the VWAP calculation period to raise the money to make the payment that is required. All they need to worry about is ensuring that their sales match the vwap. So month 1 for example they will sell roughly 39m shares; assume the vwap is 0.13, their sales will realise £50,700. They will be obliged to pay Oriole £73,625 * 0.13 / 0.2533 or £37,786. They make a risk free profit of £13k. They have no interest in being long term shareholders of the company.

Unless there are naturally buyers in the market to absorb their sales, the laws of supply and demand result in the share price falling. This is why it is called a death spiral.

Problem is there's no incentive for people to buy shares even at a low price because they know Lanstead will have to sell shares into the market constantly which will suppress the share price further. Better to buy shares in a company that doesn't have a financing facility in place