Member Info for Playboy007

I think KGM stands for Kouroussa gold mine. Whether that related to HUMs mine I don't know. The news article is about 2 weeks old, so if it is impacting operations, we should have been notified via RNS.

A nice time to remind myself of the drill intercepts at Kouroussa:

Notable drill results from the KK deposit include:

§ 55m at 35.72 g/t from 77m (KRCD1729A)

§ Including an interval zone of 20.75m at 91.98 g/t

§ 5.9m at 12.72 g/t from 94m (KRCD1880)

§ 10.2m at 5.68 g/t from 34m (KRCD1884)

§ 9.8m at 5.82 g/t from 3m (KRC1821)

§ 49m at 5.50 g/t from 70m (KRC1866)

§ 10m at 4.76 g/t from 140m (KRCD1878)

§ 6m at 4.91 g/t from 29m (KRCD1880)

Q3 updaree at the end of Oct is the only thing signposted on latest presentation. Are they obliged to publish H1, or is it optional?

Why are so few shares traded here? Sometimes I only see 1 trade for an entire session.

Everything I have read suggests a diplomatic solution is preferred in Niger. The Nigerian president said that military action was on the table as a last resort. However, he failed to gain support for that from the Nigerian senate. Niger have instated a former finance minister as the new PM. Looking forward to this all settling down and the Q3 update coming out. It sounds like the company don't expect nameplate production from Kouroussa until Q4. Considering the plant and geology is similar to Yanfolila, I would like to ask Dan why the ramp up will take longer. My best guess is that it relates to power, as he said the focus was 24 hour operations. I know they have solar installed for a significant percentage and the recent presentation mentioned finalising power contracts. I wonder if anyone else can shed any light on what might cause a delay in 24 hour operations?

Https://www.bbc.co.uk/news/world-africa-66406517

I think we can all agree that Kouroussa is more important to Hums future than Yanfolila. I've done some fairly extensive research on the current government. Personally, I found their choice of mines minister very reassuring. If you care to look him up you'll see he is a highly educated and respected lawyer, formerly of Anglogold Ashanti. I am not an advocate of coups. However, if you look into the current president, it appears to me that he genuinely cares about improving things for Guinea's population. His appointment of mining minister reaffirms this. The mini g minister is very experienced and has a history of promoting local labour and environmental responsibility. If you look at his bio, it is very reassuring:

https://www.reuters.com/world/africa/guinea-junta-names-anglogold-ashanti-executive-mines-minister-2021-11-05/

https://www.quiestquienguinee.com/en/list-of-personalities/p0247/moussa-magassouba

https://gn.linkedin.com/in/moussa-magassouba-69030017

I am sure Dan is keeping everything in check as chairman and Ceo. Seriously though, they will continue to help themselves until they are held to account and we force them out. Greedy and incompetent with zero regard for long suffering shareholders. They need to go, but no one else seems to agree.

If everything goes to plan this should easily double by the end of the year from here. I had hoped to avoid dilution, but here we are. Gold at 2k should mean Yanfolila at least isn't losing money. No issues reported at Kouroussa, so that continues to derisk. Hopefully operating near full capacity by H2. Fingers crossed.

It wouldn't surprise me if they are somehow behind the funding from the new largest shareholder. A stealth takeover at manipulated giveaway prices is exactly what I would expect from dodgy Dan at this point.

I hate these guys and this is why I voted no to the funding. I have a million shares which vote to get rid of them if everyone else ever feels the same...

Can anyone tell me the vote totals? Or if it was close to not passing?

Hey BB2,

Wise words indeed. I would love to attend, but can't make it unfortunately. I would really appreciate it if you could feedback and perhaps raise the idea of management taking a pay cut based on prior performance. Or maybe question why G&A has risen so much. Do you know the deadline for voting after the GM? As in would there be time to consider feedback, or is the GM the last opportunity to vote.

*waiting for ore

The Kouroussa update is a video showing the site. The takeaway is that it isn't finished. If memory serves, at this point Yanfolila was completely constructed and it was just a case of waiting g for ire to complete the circuit, with CIl tank time being the longest wait. This is clearly going to the wire and it does seem very unlikely they will complete without the additional funding. I am wondering if I should change my vote to avoid wipe out here. Then try and organise you people to pressure/remove management afterwards...

Thomas Hill buys £5 worth of share in an attempt to instill confidence... Unimpressed. Dig deeper boys.

I know the sensible thing to do is vote through the resolutions because otherwise this risks going under. However, I've just voted no to everything. I've already lost so much on this and I am completely fed up with the inept management. They could save some money by removing daddy from the board and getting rid of their investor relations for a start. Then Dan and Co can take a pay cut and opt to be paid in shares. Stop taking the mick!

I know the sensible thing to do is vote through the resolutions because otherwise this risks going under. However, I've just voted no to everything. I've already lost so much on this and I am completely fed up with the inept management. They could save some money by removing daddy from the board and getting rid of their investor relations for a start. Then Dan and Co can take a pay cut and opt to be paid in shares. Stop taking the mick!

Can anyone share any precedent for the Malian government move?

Can anyone let me know which email address they are using to contact management. I've tried to get hold of them this week to no avail.