Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Spotted a picture of the new Hum airstrip on their twitter today - nice. “Substantial progress is being made at our airstrip...with the expectation it will be operational later this month” @25th Sept. I think the target was to have this ready Q3. My confidence in this team continues to grow
Taking the long view, aprogerson,......we know fiat currencies, lose purchasing power, over time (Stimulus packages, should accelerate this (IMO)),.....with production & good prospects, on the other fronts, HUM looks to be in the right place, at the right time,.....with indicated, increased production timeline, targeting increased gold production, at about the right time, (IMO).
BW
Wasn’t our mate Techandy promising us a drop in the gold price to $1,500?
@GoldenBalls Breaking above $1900 is a good problem to have when yesterday I was worried about it dropping below $1800 and staying there
APR
Lol goldenbull, a movie I aleady love. This one will be a lot more rewarding..
Bit better than $1200 , would make a good movie.
We could call it Fist Full Of Dollars.
Q4 tomorrow.
:)
Spike didn't hold and has pulled back. Looks like 1900 is the nut to crack at the moment before gold makes proper gains again.
Shame on you @RichTheNewbie if gold is only $1900 rather than $1902 I think I'll have to liquidate my position here
Some nice buys being pushed through. Starting to gain traction up again, gold price likely to contiune slight upward trajectory in the range. Hum should be really building cash at these levels. Maybe debt will be paid off sooner than we think and then hopefully a divi..
(minor correction - was on the futures page rather than spot - so the sharp jump was up to $1900 rather than 1902)
Gold's just moved up sharply. Back up to over $1900 now (currently $1902).
The other thing to watch out for is major institutions and pension funds starting to make higher allocations to gold as Buffet led the way with Barrick others are now following particularly as pensions investing in todays bonds are getting negative guaranteed returns ... how is that sustainable when mining majors offer dividends and possible capital growth? If the dollar backed fiat money system gets reset, as many think it surely must, where is their insurance?
We've seen the big capital inflows to Gold ETFs, GDX and GDXJ which need to buy gold and/or mining stocks which will drive up prices albeit with increased volatility which is partly why I avoid pure silver plays.
Interesting times
APR
I believe Q3 will provide a major catalyst together with BoD guidance for full year and beyond. Once Q3 results are announced, hopefully BoD will go on a PR offensive fleshing out further plans and Q3 should give a good indicator of execution and feasibility to what the Ceo has already presented in the last interview.
@Golden Bull What drew me to HUM was the cash generation and near-term ability to pay down its debt. What will keep me here are the 12-18 month growth prospects funded from cash. Once analysts get their hands on Q3 numbers & start discounting the worst of the assumed political risk the SP will rise; once we hit Year-end and factor in the project activity with firmer progress and reducing timeline risk that should also give the SP a nice kick.
IMHO the market will want to see demonstrable progress given the political risk before HUMs SP sees the benefit. Longer term the BoD are positioning HUM for some serious growth with 2-3 times current gold production and stable AISC from what I can see which will feed straight through to bottom line profit and cannot be ignored.
APR
@Rich ... looks like a very well behaved uptrend channel to me with higher highs and higher lows ... what's not to like assuming you are long of course!
APR
@wraith agreed, any 2nd big US stimulus (and we know its coming) will reverse recent dollar strength that sent gold sideways and should give all commodities especially PMs a nice lift.
I particularly like HUM for the recent progress on multiple fronts all to be funded from free cashflow as us poor PIs get a fair share of the spoils
APR
Nice article so I am not going completely mad then?
APR
As mid-tiers go, HUM looks to be well placed;-
Extract:
"Mid-Tiers and the Sweet Spot
Ideally, the best entry points for mid-tier producers are FD (fully diluted) market caps between $100 million and $200 million."
Source: https://seekingalpha.com/article/4376036-how-to-ride-this-precious-metals-bull-market-to-top?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-tesla-to-make-cells-in-germany-umm-not-so-fast-elon&utm_campaign=nl-must-read&utm_content=link-7%20Mid-Tiers
BW
Gold that is,...what I see as a long-term uptrend, in the gold price,.....chosen HUM, as a mid-tier producer, with good prospects (IMO),.....using uptrend on the HUM chart, for averaging-in entry points.
BW
Agree, RichTheNewbie,.....long term uptrend, is what I'm buying in on.
Keeping an eye on the US Second stimulus;-
https://en.as.com/en/2020/09/28/latest_news/1601299988_520670.html
BW
It's worth remembering that people's perceptions can often be warped by having too short-term an outlook.
Someone earlier said they were getting really frustrated with the downhill spiral...so here's the share price graph:
https://www.tradingview.com/x/t0tbBEyQ/
Pretty much the exact opposite of a downhill spiral and is actually a strong uptrend if you're not looking too short term....
Fair point EveryonesFool.
A little frustration being vented. 100% convinced of the investment case. Won't stay low forever especially when the nunbers are released. In the meantime same old :)
If you folks bought based on some conviction, then I would suggest just relaxing and forgetting about the price jiggles unless the basis for your conviction changes.
For my part, as things stand, I'm positive both on the trend of the gold price and on the trend of the HUM share price.
As I see it, the basis of my conviction on gold and on HUM remains unless we see sustained rises in real rates or in the implied volatility of the gold price. And, given a positive outlook on gold, unless we see a sustained and significant rise in implied equity volatility or some company specific bad news comes out, then I remain positive on HUM.
I would also add that I personally would not go to town on high risk small cap miners like HUM. Keep the position size relatively small and sleep well.
Flabergasted at the sp. By all metrics we were well undervalued so the temporary decline goldprice should not have had this impact. Bizarre valuation for a company with this level of production and strong prospects even not withstanding the situation in Mali.
SP now c34p - what the hell is going on here? I can't see any significant sign that Sustainable is selling down in large quantities. Mali now more stable. POG still around 1860. Getting really frustrated with this downward spiral.