Member Info for Punter64

5p next week followed by a 4p placing. Only a fool would lend this shower any more money. Any new CEO will take months to sort out the mess Betts has created.

Let's not forget too that due to the mess here, Dugbe is being sold off for peanuts, taking two thirds of the reserves with it. This leaves 1 million oz of reserves split between two mines which makes HUM a tiny tin pot producer. And guess what? They don't have the money to do any exploration currently. The market will value this tiny minnow accordingly.

Swatton the numbers are largely irrelevant. What is the aisc at both mines is the only important figure (yes, I know that is is directly linked to ounces produced). The fact that HUM has just raised money and is looking to raise more strongly suggests that the aisc is sky high, as I have been warning.

This bit made me laugh: '"While Kouroussa's ramp-up has been affected by various unforeseen factors, we are focused on reaching commercial production in Q4-2024. Whilst we are confident of commercial production in the coming quarter, it is dependent on us and our partners delivering meeting our production plan and expectations'.

Two hopes of that happening - No Hope and Bob Hope!

Agreed, Tornadatony, it will go for peanuts too.

Yep, who would bet against full commercial not happening until H2 2025? If I was a bookie I would make that an odds on chance.

Only gamblers would put money in here now. This is heading for the Knacker's yard. I note that Betts didn't make any reference to Yan in an effort to lift the gloom so that is clearly loss making too. Must be that terrible rainy season, eh?

Why pick out BPat? Yes he was wrong but no worse than simpleme, CLEWless, Rocket Man and Mostyn.

Simpleme did you not read the RNS? They have just raised money and are looking to raise more. Why? Q3 production has been a loss making disaster.

Agreed DB.. Only a numpty would build a mine but not start to pre strip the pit and ready ore for the mill when it was completed. Not only is the ore body here very fragmented and difficult to mine but it is likely that the artisinal miners had stripped out the low hanging fruit.

That 4p placing is looking very much on the cards. Watch out for another Friday bombshell!

Down 20% currently!

Doesn't he mean annual pipedream of 200k oz pa?

Yep it is looking like they were sold a pup. Due diligence was probably awful knowing this shower!

Note the fact that HUM are still looking for further financing on top of that announced today. Clearly there is no prospect of them making a profit anytime soon. Joke doesn't even begin to describe this outfit! Get out whilst you still have some money left.

Old Danny Boy loves his Friday bombshells! No wonder those big sells cropped up late yesterday - some peeps had wind of the debacle that was coming today.

How have you got the temerity to come on here this morning and to try to belittle some other poster in your know all manner, when yet again you have proven to be completely clueless?!! How's the rocket launch coming on? Phut, phut.......

Where are all the rampers this morning who have been saying that myself, David Brent and Goldinvestor7 have been talking rubbish these last few weeks?! Still wiping the egg off your faces?!

How are getting on with your prediction of commercial production by Monday? Also remind us all of your forecasts for big profits from Q3! Hahha what a complete clown you are! Absolutely clueless.

OMG it is worse than even I feared. The debt is piling up, they are weeks away from 60% production and months away from full production. Disaster!