Member Info for Playboy007

The trouble is Dan is useless and the people he employs are even worse. Does anyone remember the amazing Anthony, new COO, come to save the day? Absolutely full of it and inept.

They haven't announced that the bank have agreed to a delayed debt payback schedule...

We were never told where the CIG funds came from. Someone said recently that they have preemptive rights on any further raises. The only party I see benefiting from the current situation is CIG. I expect there will be a raise, which CIG will take up, and essentially aquire the company at a rock bottom valuation. They may well take the company private. Kouroussa will then ramp up and pay back Coris and make a shed load. Nothing for current holders though. There is absolutely no justification for letting things get this bad with corica. It just defies belief. I said ages ago we should try and force Dan out. Then I said to vote against the CIG raise. I think someone has done very nicely out of this. I appreciate this is speculation on my part, but it's the only logical conclusion I can draw. Anyone in their right mind and wanting to see the company succeed would have come to an arrangement with corica. Even paying the full 27 million would have been better than the current status quo.

I am curious what the bulls here think is going to happen? Are you not worried this is going to default on the debt and go into administration?

Https://twitter.com/hum_gold/status/1771181457999839238/mediaviewer

Https://twitter.com/hum_gold/status/1771181457999839238/mediaviewer

Production will be gold poured and not include what remains in the circuit.

Bushy, I am not trying to talk it down because my HUM money is already in Thor Explorations (trying to capitalise on this rising gold price). Shameless plug haha. You know as well as me if they default on the debt then this could be worthless. I think if they sort it out quickly then it could be worth upto 36p in a years time with debt paid down. The risk of getting nothing means I won't gamble unless the odds are compelling. At over £50 million Mcap with God knows how much debt, they aren't for me. I really hope this works out for you because God knows any long term holder deserves it!

It's a total gamble unless we get confirmation of loan extension, a time frame for mining to recommence and an updated cash balance (so you can approximate if/how much capital raise would be required) . Beyond even my risk appetite. I'd be tempted to take a few if it fell to 2p or something ridiculous.

I've bought in here. Looks pretty decent and I'll welcome the relative stability of Nigeria after suffering in Hummingbird.

It's inconsequential really compared to the bigger picture. It was just a thought. I know this company and if there was good news in the Q1 production figures, they would have told you already. Another thought was that if memory serves, CIG can't take this over for less than the last placing price.

Yeah, exactly bushy. Yanfolila is forecast at 80k, but H2 weighted. So, they don't expect it to even do 20k per quarter atm. The collar is for 20k per quarter, so they probably will make it, just. I am totally out and trying to work out if I'd buy back with a mining resumed at Kouroussa RNS. Or I guess more importantly a Coris have let us defer the debt rather than take the company RNS. The potential of Kouroussa does look really good, but then so did Yanfolila at one stage. Dugbe can probably be sold with gold at these prices. However, Dan is still in charge.How I don't know.

If HUM don't do 20,000 ounces a quarter, that hedge will actually cost them money now.

Out again are you?

Someone's back in... Dugbe is worthless.

I think HUM must be scrambling to aquire kit/personel, or secure a replacement contract miner. It makes sense they don't want to update the market until they can offer a least a scrap of solace. I guess they won't be making their debt repayments and may even require addional funding to get things back up and running at Kouroussa. Yanfolila production was slated as H2 heavy, so I doubt there is any support coming from there financially. Imagine if they have had another $2200 aisc quarter (it wasn't that long ago). Things must have been bad with Corica for ages, yet they don't have a contingency in place. I think the probability is in favour if them going under at thiud point.

Bonkers, the guy just said this morning he has a problem. I don't think it's appropriate to encourage him to invest in another of your gambles.

I am only going off memory, but I have followed this closely for a long time. I think Corica brought in the extra excavator at Yanfolila to support the underperforming mining contractor. Whether that additional excavator is still there or not, I don't know. Doesn't change the fact that there is clearly existential risk now.

Imagine how one feels after nearly 10 years...

Insane isn't it. Hopefully, Ernie can still throw a good right on our behalf.