Member Info for Tommo1985

I see this share was once 1750p... I haven’t followed closely, is it worth a nibble now - will it survive?

Up a lot today, some news on the cards?

What percentage of Cora do HUM own? Given Cora is now at £25m should be material?

The sad reality here is that the management has shafted shareholders so often that this share is hated. You can't issue equity at 0.65p when the mid-point is 1.2p without holders getting very upset. The 1.4 trillion shares in issue (I think after consolidation) tells its own story. This should be a great company/investment. But it hasn't been, and without funding it is going no-where. Even the MM's hate the stock - hence the 8% spread you can drive a bus through...

Really hope there is a takeover bid, it would stop Harry issuing trillions more shares and get some value for long suffering shareholders.

Incidentally not too impressed by the gold - 0.8g/t is not a lot... copper pretty good mind you. “Open at strike and depth”... “in excess of $2.5bn in situ”.

It should be clear, given the price has barely risen and any increase is being sold into, how much the average shareholder hates the management here.

https://apple.news/A35p67d71TZymmOb_IfASCQ

Perhaps their South Africa base of operations is keeping this share price repressed?

Yep, there's a reason there is 1.4 trillion shares in issue. It's especially galling when he doesn't do an open offer but dumps them at vast discounts to the prevailing shareprice to bucket shops. You all think you're gonna make a mint - but let's be honest no funding, no mine for several years and Harry loves issuing confetti.

I prefer Shell at £11...

Gold flying now 1815....

Got a nice message back from Oisin regarding the witholding tax:

Hi Oisin, you are doing a super job at present, however us shareholders are being skinned by the Irish witholding tax. May we please connect to discuss and/or so I can write a detailed note.

Thank you Tom

Oisin Fanning

No need we are actively considering moving out tax residency to the UK to avoid this outrageous antiquated scenario in future where in my opinion Irish Revenue are benefitting from the laziness of non registered intermediaries (with Irish Revenue) not doing their job and leaving private clients in the lurch including myself I hasten to add.

Do you mean when the CEO bought £20m worth of shares?

Trimmed another gold holding and bought more here - other goldies prices have risen but not really HUM.

I am also - dare I say it - quite impressed with management here. They have got a mine in production, nearly paid off debt and are making value accretive sensible acquisitions cheaply.

Apart from a persistent seller (which is probably taking profits) not a lot not to like here IMO.

If anyone can suggest a more helpful provider I will move the shares elsewhere, I currently have a bunch in an ISA and LISA.

Thank you in advance if anyone knows one who actually help their clients...?

I received a very unhelpful reply from AJ Bell.

Thank you for your message.

Please be advised we do not offer a tax reclaim service and do not issue certificates for tax reclaims on dividend payments. Below I have provided a web address which will take you to the FAQ about withholding tax on the Youinvest website.

https://www.youinvest.co.uk/faq/do-you-reclaim-withholding-tax-overseas-dividends

If you have any further queries, please feel free to contact us.

Yours sincerely

Nice to see it moving up today, results (and poor hedging) out and complete soon.

Please update me - I have bought into the share after this dividend but will be having the same issue in future. I have both a LISA and ISA with AJ Bell. Thank you.

Some really nice news items going through, happy to be a holder/buyer here. Management may not be media savvy but I can't fault the job they are doing very much atm!

Mixed feelings, I can certainly understand why they did it. 51% of something is better than 100% of nothing. Better to get this to the point where a mine can be developed, than not and maybe the mining concession heading towards the point it is not renewed. There is also value from fresh competent eyes driving it, and not distracting the BOD on another project. There is also no financial risk or dilution to HUM shareholders, and they probably want to get on with things which this does.

49% does seem a big cut off the project, that said it reduces our risks and also the cost of building a new mine, both from the DFS and also when the mine is being constructed. In the short term, there will be no shares issued (no need on this deal). In the longer term we give up some upside to the project, but it is now heading to production at no cost hopefully in time to catch a high gold price window.

PE of 17 here vs PE of 10 for Wincanton. Anyone reckon this is a bit fully valued already?

Worth thinking about - Centamin market cap £2003m with 500-530k oz production. Resolute £610m with 430k oz production. Ok resolute has some debt and Centamin some cash. There is still a big discount here.

Probably short covering!