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Or Wraith,
Wait a while and get them a lot cheaper !
What's the old saying "fools rush in".
Just offering an alternative Wraith, maybe in a few weeks the SP will be sub 15p in Gold retest 1660. Or even goes sub 1600.
Relax plenty of time !
The way I read it, the forward (9 month, approx) looking share price, appears to be predicting, a lower Gold Price in the first half of next year (influenced, by the Fed tapper talk etc, maybe),.....it's to my advantage, if the market is correct, gives me more time, to accumulate HUM shares, at what I consider to be, a very low Market Cap level,....I like to average my Buys, in tranches, over a time period,....I do not try to pick the bottom,....just been listening, to this video:
"Is a recovery in the gold price imminent? Rick Rule thinks so" https://youtu.be/5ZAxd6xbcHg
BW
There was nothing in the Fed statement that should have impacted on rebound momentum of precious metals prices, at all. Hopefully once the market ruminates a bit, we will continue our grind up on the POG, with a levered response on HUM. I'm back all in with a zero cash position, after topping up HUM three times in the dip, adding a little more POLY and just a little HOC snack with the change this morning.
For clarity, the other two assets, that I refer to, are;-
The Kouroussa Gold Project in Guinea,...The Dugbe Gold Project in Liberia,....( https://www.hummingbirdresources.co.uk/operations-projects/ ).
BW
Hi Cheerfuldoor,....yes I'm with you & definitely a strong buyer of HUM (bought two more tranches, yesterday),.....the LOM ("Life Of Mine") extension, is covered in the video interviews ( https://www.hummingbirdresources.co.uk/media/ ), on HUM website,....as Dan indicates, in the video dated 20/7/2021, any positive exploration results, at Yanfolila Gold Mine in Mali, feed straight through to the bottom line,....the other two assets, mentioned in the interview video's, are also very attractive, for myself, as a long term investor in HUM.
BW
if i had the cash i would too.
valuation here and fundamentals are crackers.
Still, im happy to sit and wait. So much truth being posted about the state of the global markets, and specifically US and its currency.
its a long way down from up there!
Ballio
I just took a few more.... might be Stockholm Syndrome.
Glad I’m not alone in buying this Wraith :)
Your post made me wonder…when we (hopefully) get confirmation of a LOM extension…what is each year of extension worth per share?
Adding life of mine potential at Yanfolila,......Maintaining 2021 production guidance of 100,000 - 110,000 oz of gold, with an AISC of US$1,250 - 1,350 per oz of gold sold,....46,809 ounces ('oz) of gold sold at an average price of US$1,794/oz,....· Net cash of US$12.4 million (inc. gold inventory value of ~US$3.4 million), with ~US$4.7 million of final debt repayments made during Q2 2021, taking the Company into a debt free position (H1 2020: net debt of US$20 million),.....these figures, taken from Interim Results (dated 20 August 2021), under sub heading "OPERATIONAL AND FINANCIAL HIGHLIGHTS DURING THE PERIOD",.....along with the points you outline, January2,....leaves me hanging tough, with a strong appetite, to increase our HUM shareholdings further, at current Market Cap (£63m approx) levels.
Source: https://www.londonstockexchange.com/news-article/HUM/interim-results/15105660
BW
Hang in there lads.
US stock market is at all time high PE valuations. The world has been printing money for too too long. Inflation is about to bite hard.
The FED is trapped it can't raise rates ! The US stock market and the dollar will fall hard. It's just a matter of when ? Maybe one last push up for world stock markets, the last Santa rally before we crash !
Then watch Gold prices go crazy ! I guess sometime in H1- 2022.
HUM share price will reach record levels. My forecast/thoughts.
I'm yet to buy in here. But will before Christmas.
Whilst I’m giving Hum Management the benefit of my PR expertise (which is 0) it would be good to tidy up the website which still mentions Cora - thanks!
“We have a significant total gold inventory of 6.4Moz across two projects in West Africa and further exploration exposure through Cora Gold (AIM).”
https://www.hummingbirdresources.co.uk/about/strategy/
I remember Border Terrier over on ADVFN saying we’d be down in the teens way back when. Amazed the forecast has proven correct at 1750+ gold. I bought yet more yesterday, and am even down on those lol. When I read through this years RNS and watch old management interviews (particularly Murray) I feel confident this is a temporary mis-price. On the other hand, the price could suggest there is something that’s not in the public domain. I sincerely hope not and that we get the steady away Q3 with incremental improvements promised soon. What I would appreciate is a town hall. Give us investors an update on the good work and be honest about challenges - like Ian Stalker at Pasofino. And take some live questions! Justin reading out scripted questions is ok, but he doesn’t interview he simply responds with “yeah yeah yeah” to each answer. We could be so much better informed. Hoping for better news and a better week next week. GLA and good luck Hum
At a Market Cap of £63m approx, agree we are cheap (IMO),....the French reduction news, earlier in week, stopped me increasing our HUM shareholdings, in the s/p@18p to 19p range,which I had been considering doing....but at today's s/p range, cant see much further downside, so I did decide to increase our HUM shareholdings further today,....as I have said before, I'm buying HUM, for mid 2022 forwards,....still got a long way to go though, before I reach our targeted HUM shareholdings levels.
BW
politics is important but i think is an overreaction here..the mine is up and running and nobody will take it away .. HUM is paying taxes there ..nobody other as HUM is able mining the Gold for profit because only HUM knows the deposits ... i will buy more HUM
RTN
It shows the weakness of the ECOWAS position overall to take any effective action, particularly where 2 countries out of the 15 are on the same path.
It is NOT economic sanctions against the countries, but just against the individuals.
"Regional heads of state decided to freeze the financial assets and impose travel bans on Guinea’s military leaders and their relatives"
The main effect of such a limited response will be to stop visits by the coup leaders to the other ECOWAS countries who might be planning to follow suit with a bit of assistance ( Cote D'Ivorie being the obvious next place for a coup) .
Guinea, of course, is not land locked and could be of great assistance to Mali, if any stronger action was to be imposed, but the ECOWAS reaction to Goita's second coup showed it to be a wholly toothless organisation: an African talking shop for old men: they did not have the guts to reimpose sanctions on Goita in Mali and that will have emboldened Doumbouya in Guinea.
It has to be remembered that both Goita and Doumbouya are talking the same book: governments of unity and currently both have popular support: that support will continue if they can build economic prosperity and both countries rely on the mining industries, hence all the assurances being given to the miners.
It's presumably due to this:
https://www.aljazeera.com/news/2021/9/16/guinea-coup-leaders-meet-mining-execs-as-ecowas-talks-next-steps
Double whammy here with being in both countries!
Consider this. Without a buyer, there is no selling. The price is merely determined by who is more desperate.
Fundamentals haven't changed.
Always keeping an eye on this stock. Great contrarian investment at 20p. Now it's a steal. Fwiw I believe the reason it's being shunned is sector combined with perceived country risk. It matters not where the islamists are operating if the market thinks they're too close. It matters not whether the new government (Mali + Guinea) are better than the last bunch of corrupt pr!cks, so long as the market has question marks over what the new guys are going to do next. Anyway, I need another investment to come off and then I'll chuck some money in here. The financials here must be the best in the sector.
Precious metals are up 1.14%
Gold is up 0.06%
And this is down 4.5% and it was worse!
WTF?