Member Info for TigerByTheTail

NT to buy for more than 20 minutes now. OK to sell as many as you like. I think we may have just hit institutional buying.

The last big institutional buys were in the range of 18p to 19p, which is back where we are now. The surge to 24p on top of that was largely PIs buying in, and based on relatively small volume. So, I'm figuring (hoping?) that we'll now find firm support at this level. It's all a bit silly, really - the drop is just based on one careless interview and some equally careless reporting. But I guess the stock market is as much about mass psychology as it is about mathematics. Hopefully, there'll be a fair bit of sellers' remorse around once the drilling results come out.

Hi Lobon! Thanks very much for the link. I think Compass can be summed up as new company, $6m in bank, early stage exploration, some interesting soil samples in properties near Yanfolila, (and also lots of artisanal workings on their land), but they haven't done any drilling yet. So, early days...

Here's the link to Cora on Vox Markets today: https://www.vox markets.co.uk/blogs/strategic-minerals-sml-african-battery-metals-abm-cora-gold-cora-chris-bailey-gnk-dnlm-saga/ The interview goes into some detail about Cora's exploration permits near Hummingbird's Yanfolila gold mine, the current drilling at Tekeledougou (which looks really hopeful), and also other drill targets within trucking distance of Yanfolila.

Damn spell correct - youinvest.co.uk

RNS out - but it just covers the issue of 13,400 shares to an employee as part of their compensation package.

Hi Lobon! Your guess seems as good as any I've heard. Certainly, Dan Betts is missing in action of late, so I figure "summat's up". BTW, have you noticed that Hummingbird's temporary broker still hasn't been replaced by a permanent appointment, and that the shares due to La Petite Mine have seemingly not yet been issued? Oh, and a Canadian was on the analysts' trip for no apparent reason. Relisting to FTSE (from AIM) in the works? Second listing coming on TSX?

AJ Bell (youngest.co.uk) also worth a recommend as a platform. Efficient and fairly cheap.

I'm not a technical analyst, but a lot of traders really do believe in it. $1,367 is a key long term TA resistance for the gold price, marking the high from 2016 (or so they say). Get past that, and it's apparently reasonable to expect that a lot of traders will buy in. Personally, I base my investment decisions on an analysis of the alignment of the pyramids and numerology, but that's just silly old me.

Hi Itsaduster! Thanks for the namecheck! I'm waiting eagerly not only for the drilling results from Kiyenzi (the lopolith), but also the drilling results from the carbonatite pipes. If, say, the largest pipe confirms at a diameter of roughly 2,700m, and it is shaped like a funnel several hundred metres deep, and it grades at, say, 5% TREO content, without any radioactive thorium or uranium, then that also is a bonanza find. Yes, mining it would require greater capex than the lopolith, but it would also make a huge difference to the value of the company. Anyway, I've got to get back to some more bottom-feeding now...

Paddwah! Your facts are very often wrong and details matter - I and others have tried to correct you several times, but you seem incapable of recognising that. I've always found it best to stay silent when I don't know something - that way people by mistake might think me knowledgeable and wise.

In April we should get: a. a quarterly report on Q1 2018 (I don't know exactly when); b. drill results. Martin Eales told me "late April" for these, so sometime after the 20th? It's the drill results which are of course "the big 'un".

The figures for the vanadium content of the tailings mainly pre-date BMR and Alex Borelli. They come from the time when the actual mine at Kabwe was still operational. I see no cause to doubt them, and JLP will have already checked them on random samples.

Hi Pommefrite! Sorry, I can't agree with you on your 1,300t production figure for 2018. I think it's way off. I CAN imagine a total production figure for 2018 of 3,000t or so, to reflect what seems to be a slowish ramp-up. (Who knows what production problems they're having? E.g. it's the end of the rainy season right now, and the mine is 20km from the nearest metalled road.)

Hi Frank! Do you know anything about the shares which should have been issued to La Petite Mine at the end of March (in return for selling 5% of Yanfolila to HUM and surrendering their 1% royalty over the project)? We haven't had an RNS about it. Is this simply broker inefficiency? Or what? (E.g. If La Petite Mine are simply going to sell their shares on the open market as soon as they get them, perhaps Dan Betts has offered to pay them cash instead. - This would be a kind of share buyback in itself, if not quite officially one).

Hi Paddwah! Can I make a few notes on your posts? 1. As McMac noted, about half the lead and zinc tailings at Kabwe are JORC compliant, the other half not. The vanadium content is NOT JORC compliant. BUT, that said, there is no reason to suspect that the figures quoted by BMR are wildly wrong, and Leon Coetzer has confirmed that, as far as he is concerned, everything checks out. 2. The initial plant will be a rush job to keep the licence. As some of the civil work for a 5t per hour plant has been completed (e.g. poured concrete bases for leach tanks), I would think it very likely that is what they will now build. There is no time to change things. 3. Of course there will need to be a much bigger plant later - possibly ten times bigger (50t / hr). I imagine the order of priorities is a. build pilot plant (2018); b. get permission from ZEMA and install vanadium line + plan bigger plant (2019); c. finance and build bigger plant (2020 to 2022?). 4. Kabwe alone, if exploited effectively, is enough to turn JLP into a mid-tier company. Processing the tailings should be cheap and (in total, not all JORC) there are almost $2bn's worth of metals in them. We are talking about a potential profit for JLP in the high hundreds of millions of dollars. It's a complete different scale to Hernic, for instance. 5. However, that said, those profits will only come once the bigger plant is built and operational. Until then, every penny the pilot plant makes will have to be ploughed back into its construction, and debt money at project level will have to be raised as well. So, it will be a struggle for a few years, but with a rich reward at the end of it.

Hi TeasyBee! I also wondered if that 3000t figure might be "about right" for actual production in 2018, given the current pace of the ramp up. It maybe that the figure was mentioned as an unofficial estimate in the press conference, and the Bloomberg journalist then reported it as "a missed target" - setting off yesterday's SP drop. We should get a quarterly report pretty soon, so I guess this will get cleared up then.

Hi Tom Crow! Thanks for posting that - all we need here is that pesky radioactivity licence and news that BKY have started to build the plant... Off-topic, this is about the umpteenth time I've heard recently that nickel is the metal to invest in. Anybody have any suggestions? (Not Norilsk Nickel, or Cuban nickel, or anything hyper-risky like that, please!)

Hi Hazrat! The official company target is to achieve a run rate of 5,000 t per year by end of 2018; so that doesn't guarantee that they will produce 5,000 t this year. But I think this is the right answer but to the wrong question. IMO, the right question is, what is the potential here? Can Rainbow fairly quickly become a world-significant low-cost supplier of easily mined non-radioactive non-Chinese rare earths? To begin to answer that question we first need the drilling results, and for those we need to wait a couple more weeks.

I just looked up RosCan's website (http://www.roscan.ca/projects.html). They're an explorer with two early stage properties - one in Ghana and one in Mali. No way do they have the money to be thinking of a takeover of Hummingbird.