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Another good result from Bushranger. Copper price up strongly too.
I hope the share price will start reflecting the recent run of positive drilling results.
Also pleased to see ARCM have announced what looks like a large copper discovery

Fantastic news today.
This is what the majors were waiting to see before concluding a deal

It is unacceptable how every UJO placing is leaked.
I can't think of another company where the same thing happens so regularly.
DB has had plenty of time to resolve this problem with the company's brokers.

The company did say in the annual report that long term plans envisage two 1million tonnes/annum processing plants at Seki plus the possibility of a separate plant at Teren-Sai. However this is a long-term goal so it's best to focus now on the more immediate plans to increase output to the current plant capacity of 850k TPA and then to upgrade this to 1M TPA which would have the potential to boost gold production to 60,000 oz per annum

The current market cap is ridiculous given the cash generation, debt-free position at Yanfolila and potential upside from Dugbe and Kouroussa. I don't think the political events in Mali and Guinea will adversely impact gold miners in either country.
Another shareholder I am in touch with got a brief reply from the company which said there haven't been an adverse weather related events that have impacted production (unlike last year) and reiterated 2021 production guidance of 100,000 - 110,000oz of gold, with AISC of US$1,250 - 1,350/oz .
I'm not sure who is selling but I think it's a great opportunity to add or take a new position in HUM.

I should have also mentioned that the guidance given today reflects current production.
The operator will be carrying out low-cost interventions on the ASH wells to reduce the water cut. If the interventions are successful then production will increase from current levels

The guidance for full year production given today is 2100-2300 bopd which is a drop of 400bopd from previous guidance.
However, it was made clear on the call today that this doesn't include the 2 wells that are being drilled. If one or both of the wells come in then production will be back on track. The chances of success are very high so it would be very surprising if at least one of the wells isn't successful.

I just watched the most recent interview from Friday with Kalkine Media https://youtu.be/RFzLF8mcGvA

Again the company stated it was fully funded to complete the testing of the 2 existing appraisal wells at West Newton
and to drill the B2 production well. Any talk of a placing is completely unfounded and is just being used as an excuse by derampers to try and subdue the share price.

It is also interesting that the directors directly referred to 'oil' at West Newton rather than just liquid hydrocarbons.

I think the risk/reward at the current share price is compelling. The share price will recover very quickly if West Newton gets back on track at West Newton and yield a return of many multiples of the current share price.

The interim results were also delayed last year see RNS dated 15 December 2020.
At the time NVS was asked about the delay by a shareholder and he said it was at the request of the accountants/auditor.

Agreed.
Travelcard must think we were born yesterday LOL. His posts are clearly disingenuous

The company won't issue an RNS for such a bogus claim.
NVS has responded to several shareholders who emailed him about it and he said the claim was completely without merit.

Also people have researched the person who is bringing the claim and he has no credibility whatsoever to suggest there is any merit in the case

We've already been through this when it first cam to light.
It's clearly a bogus claim an this has been confirmed by NvS. The plaintiff probably thinks the company
will make an out of court settlement to get rid of it but I think NvS will call their bluff.

J Robbins Capital Partners Limited is a joke outfit, the 2021 accounts which are publicly available show total assets of £35.
No way should the company give it any more oxygen and mention it in an RNS

As well as the directors' share purchases, the company's largest shareholder has increased his shareholding significantly. I don't think we'd have seen that unless they were confident of hitting high grade ore below the oxidized zone at Eclipse and at the Menzies licence where drilling is commencing this week.

He only tweets to manipulate the share price.
He's done it countless times on UJO and RBD and must have made a packet.
If he tweets something negative it means he wants the share price to fall so he can load up on the cheap

The accounts showed that KEFI burn through £6.5million in 2020, which is £540,000 per month.
The company started 2021 with £1.3million in cash so even with some standby funding facilities I'd be surprised if it can continue without a fundraise, it would be too risky not to do so. If there is another delay or the political situation in Ethiopia blows up again then it might be difficult to get a placing away

The company announced they had £3.1million in cash on 10 June so they certainly won't be doing a placing.

What type of funding is Piedmont providing for the CAPEX, has the company said whether it will be debt or equity as it isn't clear in the RNS?

'Stage 3: CAPEX Funding (US$70m)

Piedmont to earn a further 27.5% of CCLP via the sole funding of;

• Capex of US$70m for the Project

• To deliver a 1.5mtpa to 2mtpa ROM operation for a 10-year to 8-year LOM respectively.'

Court case shown to be without merit, as NVS told shareholders all along,
plus great election result in Zambia for ARCM and the mining industry.
Two important factors of uncertainty out the way which paves the way for a deal to be finalised

At 31 December Kefi reported cash of £1.3m. Company running costs are at least £500k per month so it's hard to see how Harry can avoid raising fresh funds after the TK financing delay announcement yesterday.
I know Harry has hinted that RAB are helping out with running costs but it's not a charity and it's by no means a certainty that funding will be signed off by the end of October.
The interim accounts are due to be released next month so the company's financial position will probably need to be tidied up by then.

PR push will come in September. Not worth spending much on PR in August whilst The City and investors are on holiday