Member Info for Playboy007

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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.

I've also not found it too hard to sell my holding, which was only 500,000, as sold most a while back. In the past it's been really difficult due to low liquidity. Someone is clearly buying a lot of shares, which makes me suspicious. Anyway, I am all out again. Time to move on with our lives.

I agree January, or they have it but think it's cheaper to weather the downtime whilst appointing a new contractor. I am selling my remaining. It's just gambling at this point. Good luck to all holders. You really deserve to make some multiples with the stress this share provides.

Nothing has been announced, it was speculation. I would personally back it if the alternative was bankruptcy, or more uncertainty. Corica are the professional outfit in the area and it says a lot that this is their first dispute. I really cannot fathom what Dan is thinking. My conclusion is that this is a scam or he is utterly inept. I don't rule out both.

Thanks for this. As expected really. I think they just need to suck it up and pay it, even if additional $ needs to be raised.

I think that is very sensible Publican and the best of luck to you. I've done similar and lost closer to 80k on this. I hope that makes you feel better.