Member Info for panda1

Lots of decent size sells today in quick succession.
Looks like a large holder is dumping stock

Pleased to see more positive drilling results today.
The objective was to test whether the gold mineralisation at KE extended at depth.
The drilling results successfully showed a continuation of mineralisation which is still open at depth

The new COO seems to have had a very positive impact with a record amount of ore being processed in the last quarter.
This should make a significant difference to ounces produced when higher grade areas are being mined

Excellent news today with a $2.1m contract in Saudi Arabia

The latest Cenkos research note has forecast revenue of $25.3m for this year and profit before tax of $12.3m.
It may revise this upwards following the announcement of the latest flow rates today.

I wonder if the sale of the adviser shares could impact the share price?

From 30 July 2020 RNS:
"3. A finder's fee of 112,491,001 new Ordinary Shares and US$35,000 cash will be paid to a third party consultant, with 50% of these shares locked-in until 29 July 2021 and 50% locked-in until 29 July 2022 ("Finder's Fee")"

I just watched the interview and was very impressed.
Brian seems very confident he can continue to grow the company and create value for shareholders.
Looks like a very good opportunity from the current share price which seems far too low given the cash generation and potential for growth

I bought another tranche of shares today and didn't expect to have the opportunity to buy them so cheaply.
I'm feeling far more confident now as:
1. Q2 results were positive and it seems like the new COO is making significant improvements which will continue in following quarters.
2. Exploration results at Yanfolila have been excellent and will lead to a substantial increase in the mine life
3. Debt has been fully paid off
4. Kouroussa looks like a fantastic acquisition with a very high IRR and plenty of exploration upside. The drilling results there have amazing grades & intercepts
5. It transpired that there was no problem with the acquisition of Kouroussa. The new shareholders are likely to be strong holders.
6. One of the major reasons for the share price weakness is the selling down of a big position by Sustainable Capital. It only had 2.5% left on 19 May so I don't think there will be many shares left to sell

Good luck Lottie although it may have been worth waiting until the shares have been sold relating to the second installment for the Appledore acquisition which is due shortly.
This could put the share price under further pressure assuming the vendors sell the £300,000 worth of shares that will be issued to them

'Tranche 2 on the first anniversary of Completion of £1.50million:

A total of £1.50million consisting of cash of £1.20million and Ordinary Shares in the Company equivalent to £300,000'

When Kouroussa was acquired the RNS stated: 'Estimated capital development cost of circa US$90m for plant construction, mine development and all associated infrastructure'.
In the interview today Dan said the company was very close to announcing the Capex total and he was fairly confident that numbers would be in-line with expectations when they bought the project

Very encouraging RNS after the big fall in the share price.
Still all to play for as testing will continue, perforation of an additional 19m of pay zone plus of course flow testing of the other well.

So who is the paid BB ramper named by a former director?

It wasn't even a proper RNS, just an RNS Reach

That's a cracking result.
Hopefully the share price will now move up to a more sensible level.
It was already very undervalued but even more so now after another successful well that should add a substantial amount to production

Putting out that RNS makes them seem a bit desperate.

David Crichton-Watt, Chairman of Cassidy Gold, said:

"As long term gold investors, we were attracted to the Kouroussa project by its exceptional grade and exploration potential. Having taken the project to the point where it is ripe for development into a significant mine, we are delighted to become significant shareholders in Hummingbird whose track record together with the proximity and uncanny project similarities with Yanfolila means they are the ideal partners to develop the project and unlock the potential of Kouroussa rapidly for all stakeholders. I am personally delighted to have the opportunity to participate in this journey with Hummingbird as a highly supportive long term shareholder."

The second installment for the Appledore acquisition is due next month.
This could put the share price under further pressure assuming the vendors sell the £300,000 worth of shares that will be issued to them

'Tranche 2 on the first anniversary of Completion of £1.50million:

A total of £1.50million consisting of cash of £1.20million and Ordinary Shares in the Company equivalent to £300,000'

Good to see large shareholder is accumulating more shares

I see China Blue has opened another LSE account with the handle CO123.
He already posts as peggycilla911. I thought multiple accounts were banned on LSE

Following the director share purchase it looks like there won't be any significant contracts delivered for the time being.
If there was anything close to being signed JW would have been inside and unable to purchase shares.
It wasn't worth him buying a paltry amount of shares as it won't restore confidence . It just signals that the wait for some large contracts is set to continue