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Saw that and just assumed it was a raise. Not this time...
I wonder what is going to go down after the delist. Clearly some funds need to be raised, but a buyout wouldn't surprise me. If so, I wonder what price you guys will get. Recent buying action suggests a premium to the current price.
Might not be a biggy, but someone was clearly selling out in chunks today. Might explain why the share price is much lower than I think it should be. Perhaps this presents an opportunity...
I feel sorry for you Moniman. I assume you've just lost a packet on this and have been left a little jaded. You shouldn't take out your frustrations on other people though. It won't lead to a happy life.
Should be just about net debt free I would have thought.
Why is there no quarterly Aisc?!?
Anyone else looking forward to Q1 results? I am hoping we might be net debt free by now!
I am out, but glad it's going up for you guys. I hope it turns into a success story further down the line and multi bags for the brave longterm holders. Moniman, why not try spreading some positivity in the world once in a while...
Https://www.mining.com/barrick-under-pressure-in-mali-as-regime-eyes-control-of-loulo-gounkoto/
Historically, the raise announcement has come shorty after the 'everything is gravy' announcement. So maybe this week!
I pointed out that H1 is expected to be lower production because that is what HUM have guided. So less than 75,000/4 would still be justified by them as on target. I am not invested and I know more than you. What does that tell you?
I'd water that I know this company better than anyone on here though. Good luck pal.
Mate, I couldn't really care less. I am not in it and I won't be buying it.
What is certain is that over 2150, they are losing out. Additionally, if they don't do the 60,000 ounces over whatever the milestones are, and gold is above 2150, then it is going to cost them money.
Bushy, not disrespect but you haven't got a clue how the cost colar works. None of us do because it hasn't been disclosed. It could be as you say on a quarterly average as you say. It could be calculated on a daily basis. It could be at market price on each gold delivery, which would make more sense to me. It could be an average over all 3 quarters.
You won't be 'locked in' because a trading facility is arranged.
Hopefully we will see some more director buys too.
A lot of that figure will be down to the month or so without fuel. Who is responsible for that? I would probably have offered to cover that, but take off the percentage they were below agreed mining volumes. Also, we don't have clarity on why mining volumes were missed. Dan was very cagey about this until he couldn't hide it any longer. He said training and fleet availability. Was there trouble with imports? Were HUM meant to do some of the training? We don't know, but Corica are a respected outfit. Hum are not in my opinion. Dan has a history of being economical with the truth at best and missing guidance by a country mile. How long did it take them to rectify the issues at Yanfolila? Anthony came in and they put in some nonsense slide about a multistaged approach to cost saving. Turns out the clapped out old diggers weren't working. Who knows that the truth of the matter is, but I bet HUM share more responsibility than they are letting on.
It just makes me think why didn't they pay Corica?! They should have just about had the funds to do it and according to them, would now be mining the high grade. They would have paid that figure back in 2 months and they are already a month in. What's the plan? We have no idea, so presumably they don't either. I moved my money from here into Thor and somehow this is doing better. I get the hope here as I held it too for a long time. But the fact is they completely mess up and don't deliver anything that is promised. I hope for your sakes I am wrong, but I think this dog is going under.
I would buy more here, but the share is so illiquid I can't really justify it. Why does no-one want it? The PE should be less than onr at this point and the CEO holds plenty of shares. Nigeria is stable compared to the rest of West Africa. What gives?