Member Info for Wildcamper

Thanks for explaining that Bushy

Not surprisingly all resolutions were passed, as recommended by the BOD.

My concern, if I'm reading it correctly, is that under red 7 & 8 they now have carte blanche, albeit for a limited time period, to issue further shares without first offering them to existing shareholders in proportion to their existing holdings. This surely leaves the door wide open for yet more dilution without long standing retail shareholders getting a look in?

Somebody please explain to me that I've got this wrong? ...

Some of us have been here over 10 years Sideshow, averaging down and waiting for the returns that seem to be so evidently available .......

But if I want still hopeful then I wouldn't still be here 😉

Interesting read BT but I genuinely can't see that a majority of those signs apply to HUM atm.

The general consensus on this board seems to be that Dugbe is for sale and/or is too big for HUM to take on.

I'm not so sure, but we're all speculating and making educated guesses. It seems to me that DB's confidence/ego would encourage him to develop Dugbe within the group. The clarification of a controlling interest in Pasofino, bringing on extra investment (and industry sector expertise) from CIG, together with a generally accepted expectation of a rising gold price in the medium term all point, to me at least, of a desire to now keep Dugbe in house?

I know there would be a huge scaling up required, but clearing down existing debt asap and more detailed exploration results might be a pre-requisite to CIG backing us to take on Dugbe? Thoughts?

500k traded just after 2pm yesterday and again just before close today.

A quick buy and sell perhaps?

If so, not bad at all, a 4% return in just over 24 hours.

Good luck if you can make the market work for you ....

What's he supposed to say anon?

He's stating the facts, they can only control what they can control and the numbers will speak for themselves.

Either we're prepared to take the risk of backing DB and his team, or we're not.

I thought it was a good interview and yet again shows what a promising future HUM has.

Some sizable trades, looking like sales. Ruffer still off-loading?

Agreed Bushy but going underground at Yanfolila, in the first year at least, is surely going to put pressure on AISC even with the increased output. This is my main concern now as to whether $1,100 can be sustained in the short to medium term.

Thanks Evraz. Your model also assumes that there will be no significant change to AISC as we start to go underground at Komana?

Oh to be a fly on the walls of the MMs discussing this latest RNS!

Chirpy, thanks to you and others for feedback from the GM.
Was anyone more specific about the continuing VAT recovery problems, what is outstanding and the impact this is having on cash flow?

Yes I have seen the presentation and DB was I think both positive and capitulating. The presentation is good in that it's honest and forward looking.
Thanks Bushy, I'm still here and hopeful of the future but somewhat muted from the early days. I have added substantially and remain a committed shareholder, but DB and Monty both acknowledged that PIs are feeling bruised. I remain proud to be associated with a producer with such high ESG credentials and just because I only post on HUM does not make my opinion worthless.
It's important that we all share our views and, just for the record, I appreciate your perennially positive points of view and insights as much as the derampers. I consider myself a realist, neither extremely pessimistic or optimistic.
I'm sure that we all came into this with our eyes open and are all hoping for success here, not least for those trying their best on site day to day.

So what's changed Billyboy since all those earlier communications from the company telling us unequivocally that Kou would be completed on time and within budget from internal cash flow and debt ONLY. This was even referenced by DB himself in an interview ......

Yes Madgpol that was the latest I think but several previous announcements too.
Why would we pay 7.79p to approve dilution when the market is 7p and falling!?

..... and if Jour is already on time and within budget, as we've been told so many times, is this cash really needed to "fast track" production in 2023?
It all sounds like a big smoke screen to me and we can't trust a word they say.

It was not that long ago that the company put out a clear message that Kour would be funded from internal cash flow and debt.
We have all been very patient with the BOD and their promises of 'jam tomrrow' but yet again we see broken promises and further dilution in the value of our holdings.
I'll also be voting against with c. 0.5m shares - too many questions. Trust has gone.
If we don't need the cash, why hand over >25% of the company to CIG?

If the news was good it would be out by now! Brace yourselves ....

One of the directors ...... ?

Has Ruffer now got cold feet, is it now adding more, or another big player on the move?

This is a long term investment for me. The company, still relatively young, is building solid foundations for the future, IMO, negotiating all the obstacles thrown up along thee way (pit wall, Mali coup etc).
It's unfortunate that SC have pulled out and affected the sp as much as it has.
IMO, good foundations and financial prudence will bring their rewards in time.