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Some more blasting at Kor... So that's at least 2 blasts now since the Q1 update.
Momentum is picking up now for sure in spite of Corica.
Video on the other board.
Ty bushy
Seems positive - fingers crossed.
In the recent presentation, Dan was fairly confident of 'within 2 weeks' to pick up better numbers.
Was that because we are closer to high grade gold pockets, was it because Corica were close to resuming worth/fully replaced, or both??
I'm quietly confident. GLA
Apparently it's a safety briefing and I count 7 fleet and 2 different uniforms... Looks like Corica's original planned 5 fleets plus the 2 supporting fleets from ETASI.
News must be imminent, this is quite the leak if it's true
Guvvi...
Hopefully they are but surely we would have had an RNS about it?
I saw that on ADVFN but couldn't see the link again nor speak french!
Looks like Corica are possibly back to work
Don’t think so just folks realising that for the amount this is producing and may produce it’s just massively undervalued
Some news may be breaking. Hum may be about to rocket.
Hi Crossthetea,...s/p@60p that would be a Market Cap of £480m approx,...with where I'm expecting the price of Gold to rise to, I would be in no hurry to accept that price, even though with our HUM Gross Average s/p buying level being mid-teens, it would give us a very good profit in our ISA's.
BW
Desolate mining 900 AUD Mcap or circa 450 in real money.
300k unhedged and debt free. So on an equal basis of 150 million per 100m debt free production would put hum at 37.5p.. Maybe more if there's an argument for diversified production away from Mali.
RSG does look nice but their injury frequency rate is terrible, which increases the risk of death and or strikes. RSG volume is rarely thick enough for me to trade but with an uninterrupted 12-18 months I could see it nearer to 50p than 22p
Better name is "The incompetent irresolute". It is the opposite of Resolute Mining.
Part 2. Screw up through the rest of the year. Looking forward to hearing all the new year predictions, which will be exactly the same as last years.
Like it,very much a dreamers paradise here,pretty certain come the end of this year we will here the same old posters here with the same delusions that the good times are just around the corner (still) and an SP of between 6p to 11p, depending on how much or how little they screw up through
Until we get an update on commercial production or to a resolution with Corica, given the arrid market liquidity...
Time to start accumulating dry powder for now.
Not Quite -
This Company should change its name for the benefit of a number of shareholders on here !
Get rid of the Hummingbird name and replace I with a more exciting and appropriate name. I suggest the company should be called " Dream Maker ".
It's appropriate as some go from one dream to the next. You know who you are.
you're funny lew, it was definitely a bag of *** packet calc.
unfortunately i've seen it happen before several times. buyers are vultures. but remember dan and minty stated in the presentation that there have been no offers.
the sector is experiencing consolidation so what i was getting at was that i would not be surprised if there was a bid.
people are over sensitive on this board. it used to be a good source of debate, but seems that quality is being lost.
10p is my average but can't see it stopping there. Looking at the figures even if they produce 1000ozs a week from Kouroussa on average for this year (50000 for the year) and 80000 from yanfolia this is still 130,000 with all in cost of say $1800 ( I never use AISC) we would still pay off $65m of debt just missing out on our target of $71m (based on $2300 average gold for the year) and then if the mines ramp up to the 180000 oz next year (still under target) with an all in cost of $1600 and gold staying the same average of $2300 that is $126m we could pay off - be debt free and have cash in bank of say $50m as sure we will have exploration costs etc to extend LOM and Dugbe. I do not think DB will sell dugbe and wants to develop this himself - hence the excess money will be used to build mine 3 I believe (big project and more concerns!!) but could see this all come to fruition in about 5 years - hummingbird having 3 mines and hopefully around 300-400000 a year producer!! SP then will depend on LOMs etc but hugely in excess of where we are today!! Keep the faith GLASH but if gold stays high just for a year or two then I can't see any issues. Takeover at a low ball offer is my biggest concern and I could see this happening at around the 15p mark.
In the right direction, lets hope it moves towards the 10p levels
When we hit high grave with steady OZs then 13p will be a distant memory. An RNS saying finally hit it and full mining fleet on site should come any day now
you can’t just make up buyout prices
back of a *** packet!
when buying out remaining shareholders
corica have to follow certain rules and share
price potential
now is not the time anyone would allow it either.
also a buyout can be about different assets
dugbe is on the menu
hum will not attempt to mine there
that’s been primed to sell
if so trust me the share price will rocket here
hum will be a debt free cash machine!
do you honestly think the bod let hum go for
13p seriously you need to wake up?
hum is not is desperate situation as many think
there are many avenues for a company to make and raise money if need be.
hum is producing a high demand product, has potentially the best grades
and the largest reserves in africa across all 3 mines
personally i think they’ve done an amazing job of acquiring these assets and setting up 2 fully functional mines producing product and close to there potential targets.
13p pmsl 🤣 🤡
love a good laugh, this board is full of jokers
and here i am stuck in the middle with!
It would not surprise me if a bid came in for hum at around 11-13p.
Who knows, but we have assets that more than back it up.