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Nice buy has just popped up from yesterday. £172k worth at 35.1p!
Looks like a big buy just went through as the buys have been hovering around a total of 56k for the last hour or so and has just jumped to 116k. Hope you managed to buy in hand shandy, think the lowest it went was 33p so probably not
Some chunky buys going through with gold moving up to $1812. Another day nearer Q2.
Which comes first SP 50p or $2000 gold?
Yep, gold looking strong today. The US banks have put to rest the idea that this will be a V shape recovery.
It’s going to be a long cold winter I’m afraid but a great one for gold/ HUM.
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.
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.
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.
I think you are right and Q2 will answer our asked questions .
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.
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.
I emailed the PR company recently to ask about plans for any PR, unsurprisingly I never got a response.............................................
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 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!!
Yep and the SP takes a hit more often than not.
Always a chance that it triggers a good rerate.
I expect a cracking RNS and it must be received better than a bad one.
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.
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.
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.
Welcome back rich! Reckon you’ve chosen correctly but then I would say that!
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)
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
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.
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.
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.