Member Info for shamI89

company stopped rnsing these "mous" because they are not worth paper they are written on.I started following this company in 2012/13 and if I remember correctly this company was sitting on quite a few "mous" at that point.If I remember correctly Iranian contract was announced in 2015 and whole procedure took nearly three years to finalise.

people are getting excited by another "mou" this company must have signed over 10 mous in past 10 years and we only have 1 tema port contract and Iranian contract which is dead right now.Come on H&N ! be creative.

other forms of financing like Darwin and RA. I remember PF mentioning this when Iranian contract was announced in 2015/16 .We thought that he is in talks with banks to finance this operation but rest is history. PF only knows two sources of financing ....placing and Darwin/RF and both of these as bad as eachother.Funny thing is in the past he used Darwin/RF to avoid placing and had to do placing to get rid of Darwin/RF .

I think you forgot to mention that he had 2 millions in December, nearly six months have passed since then.That money was raised to meet pre-contractual expenses.........but wait a mintue company is not generating any profit so how wil it fund its day to day operations?Pf knows this that mintue he discloses his current monthly cash-burn market would gauge its cash position and that would determine share price.A few posters have mentioned that he was specifically asked about cash position and he did not answer....why?

away. It looks like he deliberately did not mention cash position as that would have given away his game plan, all of sudden we saw usual suspects on twitter pumping it and then we have massive sells .Right now PF is missing a "contract" to raise money for, Queen award and covid contract did not do the job! We see some usual suspects complaining about "bitter derampers" on this bb as they work hard to lure punters in but moment these punters visit this bb they realise the "potential" and that is not something these lot want.Going forward I dont see any significant improvement in revenue until next year and dont think company would be generating any profit until then.A msc should do the trick but PF does not have money to meet "pre-contractual expenses"!

I admire your honesty 3p,when it comes to placing PF tends to follow a similar pattern , normally he would mention a "mou or contract" to excite market and that is followed by a full on "p&d" compaign by usual suspects on twitter to get the placinh

these mysterious 10k sells, which are appearing regularly.No wonder twitterati are ramping it hard to forward sell their shares.Looks like Pf is upto his old tricks a placing is being worked or has already been worked.

I can understand your pain Ian........ !

In my opinion twitterati are trying to pump it to exit as many took large positions before final results and that has not gone well. So they are trying to sucker in more private investors.PF got previous placing by announcing an imminent African country contract and that happened nearly 6 months ago, cant see anyone falling for it again.

I got suspicious when PF did not disclose cash position in trading update in march and no cash position was disclosed in final results as well.Potential is there but PF cant be trusted and he would keep on diluting existing shareholders.

Good thing is whenever there is an attempt to "p&d" it, private investors use it to offload their shares. It is crystal clear to everyone that this company would run out of money in not so distant future and amazingly company is not declaring its cash position. Even if it manages to get a contract PF would use it to raise some money to meet "pre-contractual expenses".

Another failed attempt to "p&d" it for 5/10 %. I did tell these guys that due to greed they have killed any possibility of sustainable rise. Think some of them took large positions before results and are desperate to get out.

I saw some "usual suspects" pumping it hard on twitter yesterday!

This p&d does not seem to be working as people have grown wise to their antics, besides that there is nothing new to lure people in .Looks like company does not have enough cash too , so a placing to meet "pre-contractual expenses" cant be ruled out either.

Think company has to hedge one quarter's production as per lender's demand.As I said I expect it to pay big chunk of debt by 2022 q2.It can surprise us all we should get a clear at the end of this year.Mine was expected to produce 1000000 ounces of gold and has produced roughly 2500000 ounces so far. I wont rule out a takeover bid, as Candys have tried to take it public and major shareholders have tried to wipe out ordinary shareholders by imposing d4e swap.

Last night and company seems to be breaking even when its revenue is 20/21 million. Having said that some money is being spent on mine, equipment,transportation and other day to day expenditures which varies from one quarter to other quarter. If quarterly production rate is 16000/17250 ounces and price of gold goes up by $100 per ounce it would bring in extra 1.6/1.7million .However if company manages to produce extra 1000 ounces per quarter and price of gold stays same then that would bring in bring in extra 1.6/1.7 million too. In best case scenario I would like to see I would like to see production rate at 20/25 k and pog around $2000 mark and company can pay most of it debt by Q2 2022. Production rate and pog would vary from quarter to quarter and that would determine cash flow!

opinion company should be able to pay off its debt in two and half years if it carries on making 10/12 quarterly payments. Other two important factors that can hasten/delay debt repayment are price of gold and production rate.Think corona affected production rate in last quarter but it would be imoprtant to see what sort of numbers we get during this quarter .Gold is heading for €2000 dollars as in this time of uncertainty governments left,right and centre are resorting to QE(money printing) and tends to bode well for the price of gold.

I admire your dedication mccader, there is very little value left for shareholders at this point and 95% dilution tellsme that it lies around 0.10/0.15 level. Having said that aim is awash with investors who are willing to invest in Hur just because it is trading at "0.85" and are also trying to sucker in other investors to make their 10/15%. I came across this level of stupidity in Flybe where BOD accepted an offer of 1p per share and some mug punters were paying 6p a week later to make some quick profits.

Not sure where have you been looking but these lot have raised 33 millions in 13/14 years and that works out to be 2.5 millions per year. When it came to iranian contract PF raised more than once.Cash position is not available and that does not tend to bode well for shareholders.Nobody is willing to believe anything that comes out of PF's mouth.

Dont think this year will be any different as by its own admission passenger numbers wont be returning to pre-covid level until 2022.Covid related sales saved them last year but that side of buisness seems to be dead now. Some extra cash could come from tema part but that wont be enough. If PF has to travel for "exciting African contract" company would need to raise some money and them "potential contracts" are not exciting anyone anymore!