The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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How do you know he is from hulme?
Next county. I'm in Merseyside, Wirral.
ngnlnv I think lowtechandy is from your neck of the woods if I am not mistaken, is Hulme near you?
I always get lost in the minutiae and extrapolated figures, but I think I get the gist of yours Cheerful;-)
I like it.
This is probably too simplistic a measure but each £1k invested secures 1 ounce of gold production, per year (I think DYOR). Seems pretty good to me. Is there a better value producer out there?
I'd love to be even able to attend a party,but unfortunately I suffer heart failure and going, getting anywhere is a bit of an ordeal. Thanks for the invite though.
Yes Welcome Rich, and yes would love to meet TecAndy at the party.
Thinking gold should have a good ride this afternoon, because of Covid and China trade issues, but the Dow and futures seem to be ignoring the bad news at the moment and plow on regardless so who knows.
PI's are all locked and loaded. We are all just waiting for ii's or a Sprott to catch on and enter in 5,4,3,2,1 and go.
Hi Rich, very sound judgement. There are many offering a 50%+ upside, but very few that look close to 100% purely based on current valuation, output and POG.
Cheers, Ash
I do find it quite staggering the price when you see the numbers on HUM (ignoring future projects).
A market cap of £120m and they're on track to produce 120k oz of gold this year at an AISC of somewhere between $800-900/oz.
That's $108m to $120m generated each year at current gold price!
The bizarre thing is the current share price, which counter-intuitively, is off-putting because it's not risen more.
However in the absence of a good reason I can find for that - I have to take it as an opportunity! (so I, finally, have :p)
Welcome back rich! Reckon you’ve chosen correctly but then I would say that!
Welcome onboard RichThe Newbie, we were upset to see RichTheOldie leave but welcome back in time for our party. If the guy with a saucepan on his head wants to come, we can handle him,
as long as the Aliens have him back in time.
Well I've finally taken the plunge and bought back in here (can't remember when I was last in here - long time ago).
Dithered for ages over which goldie to choose (wanted some exposure in gold).
But decided I'd be more annoyed by seeing this continue to rise after this pullback than I would if I bought now and it got back to 30p that I might have wanted.
The reason I think this RNS will be different is if they announce one or all three of the following:
- Confirm we are net debt free. This is a massive milestone for any company
- Production guidance has not been affected so will most likely not in the future with second covid waves (many miners were/ still are).
- Announcement of a future divi strategy or share buy back announcement.
- Drilling results that will suggest LOM extension.
Of course SP progression might be hampered if Sustainable continue to sell into it but I think the above will attract new ii's to replace them. We do not know if sustainable are top slicing their profit or selling out completely. They have £11m worth of shares left which I think will be eaten into drastically over the next few weeks.
Always a chance that it triggers a good rerate.
I expect a cracking RNS and it must be received better than a bad one.
Yep and the SP takes a hit more often than not.
I worry that normally a HUM RNS Always has a but in it, or lacks clarity (AISC, payables for example) and they have not always been the most up front and would love to be wrong but would not be surprised if again we have a great RNS with a but in it!!
My thought is that they are putting the best RNS ever seen together and we are just going to have to be patient for a little longer and get all the good news at once! Or we might have to wait until interims, both will be great no matter what
I emailed the PR company recently to ask about plans for any PR, unsurprisingly I never got a response.............................................
It is frustrating but the truth is that poor PR has not stopped the company moving forwards.
The SP will rerate. The company is a cash cow and short term don’t need cash .
Medium and long term they might need further support and past PR may be remembered.
This is the problem with the PR side of the company if you are a private investor.
Announcing a Divi or Buyback or anything else doesn't have to wait for a quarter or half year results. Just put it on an RNS and get it out there. Keep the interest alive and people will buy in. Look at how much we had when it was getting built and now we get shoot.
I think you are right and Q2 will answer our asked questions .
I have not so I’m assuming no ones received a reply to AGM questions about divi strategy?
This leads me to think it will be addressed in the Q2 announcement.
Gold going up, $1814, SP going down, gold is current favourite ;-)
Wonder at what figure we clear $1000 an ounce. Only a couple of years ago that was the price of gold. I remember the good old days, price of gold just above $1000, a brown field site producing nothing and a SP of 39p. I recollect Dan firmly believing how undervalued it was then.
Roll on Q2 results and promised company updates regarding dividends.
Morning chaps,
yes gold looking good today. The Dollar has finally dipped below 96, currently running at 95.850ish. and dropping. The China relations around the world particularly the USA and us will continue to focus investors minds on safe haven bets and so agree this is good for HUM.