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Either you didn't read the post just four before yours or you're just trying to spread fear.
Which is it, I wonder?
Https://x.com/dondurrett/status/1780029632982741374?s=46&t=p-fBnvpF9tMFyB57eUoEZQ
Gold expert say Mali Gold mining getting in risk … we dont need more trouble now
Been going on for years, they won’t take the mine
It’s not that easy, worse case scenario would be some small percentage of ownership.
Still not the news we need with us being so fragile
I really wouldn't read too much into that.
If you read the article, Wagner actually took over a mine near Yanfolila, but didn't stay long.
1. They probably just pillaged a few easy ounces.
2. Quite simply, the locals wouldn't be able to run a mine without Western companies. Let's face it, they struggle to run a bath. It's just how it is.
Https://www.mining.com/barrick-under-pressure-in-mali-as-regime-eyes-control-of-loulo-gounkoto/
Historically, the raise announcement has come shorty after the 'everything is gravy' announcement. So maybe this week!
I pointed out that H1 is expected to be lower production because that is what HUM have guided. So less than 75,000/4 would still be justified by them as on target. I am not invested and I know more than you. What does that tell you?
Wet season is Q3 , yanfolila is expected to be steady and predictable (I'll believe that when I see it).. I think taking 75k and dividing it by 4 is a pretty safe bet
Swatton, the question should be is Q1 a good quarter for production?
I forget but I do remember the wet season is usually a poor one. We haven't had one in this quarter.
There's been talk that production hasn't been expected to be so good this quarter because we're doing ramp up work on the undergound or something, but that might just have been one of the de-rampers talking. Hopefully someone will clarify that.
Whatever, it's always best to expect a bit lower than what the numbers should be. That way you won't be so disappointed :--)
I'm not trying to be negative, but I'm trying to be rational. It does say within guidance, however surely there is a period when you switch to underground mining you need to get up to speed? Surely they won't be up to speed from day one, so although they are hitting the target they set themselves, won't they expect to be doing better in say 2_3 months from now. So probably can't expect it to producing average levels yet. That not a criticism, in fact I think it's being fair to them.
Monkey, you're not missing anything when you look at those numbers.
Sentiment however, is lower than Whale proverbial because the board definitely do make a habit of making mistakes.
All that said, Betts has built a second mine that if it hits target, will be more productive than what there alredy is.
Me, I'm fully convinced this is a multi bagger in waiting and am in heavily enough to back my thinking up.
Look at the facts, ignore what seems a concerted effort to slate this on here and make your own mind up, is my advice.
Since the RNS stated that Yanfolila is operating within guidance of 75000 -> 85000, is it fair to assume that Q1 should be at least a minimum of 75000 / 4 = 18,750 ozs of gold. I know HUM haven't been 100% transparent with things to date but even they couldn't justify anything less with that statement right? What are other peoples views on this?
Hum twitter X
"Today we provided an update on Kouroussa where reduced operations continue under the existing support fleet, achieving several gold pours averaging c.700 oz per week, and blasting recommenced on an interim basis."
HOC have a hedge at 2100 if I recall too and peak capex is still Infront of them.
We need that commercial production rns and this will fly, won't be long now, drill and blasting has recommenced.
Looking at HOC - 300k oz per year - £250m of debt - mkt cap £750 million - high AISC. Hum 100k oz per year - £150m debt - mkt cap £57m. What am I missing ..I know issue going on with ramping up due to mining services ..
Or could not.
Worth looking at the diagrams of the drill intersections in the RNS. The grades are spectacular with a few over 100g/t. Once HUM hit that the production will go through the roof and the aisc will drop significantly.
From 7p this could be multi bagger - record gold price
Thanks Monkey
“Hummingbird continues to work closely with the Company's primary lender, Coris Bank International ("Coris"), which remains fully supportive of the business, surrounding the mitigation of the financial impacts of the ongoing disruptions.”
No mention of Coris bank in todays rns
Anyone still invested here needs to give their heads a wobble. How in god's name are goimgtng to pay for 'ramp-up' when they're not producing anything. The AISC for Kour would probably be £3k right now. And then you have the legal dispute. And then you have Yan in Mali - any of you seen what's happening with Barrick? The best result here is they do yet another highly dilutory raise to keep the lights on. Reckon they'll need to add at least 50% more shares in the 5-6p range just to keep their heads above water over the next few months. That of course does nothing for the massive debt, or political risk in Mali.
I came over and tried to convince some of you to invest in SHG when it was 9p. Got into debates with the usual h@lfwits like Bushy who has done nothing but lose money here over the years. Any of you who followed me would have made an easy 50%. Those of you who stayed, well this is as good as it gets. For all of your dreamers, go and check out DELT if you want a brilliant speccy. You'll make 50-200% there in the next 6 months.
You're gonna get skinned here very soon. And trust me, a raise is the best possible near-term outcome. Absolutely nailed on.
Well that settled that.
The pot of gold is still at the end of the rainbow , management are nearly there… again… nearly there… again