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Should increase steadily over the coming weeks, as they dig out the high yielding gold deposits,
can see this going to 15p-20p over the coming months ahead, plenty of confidence in the market ,imo
Playboy, you're on the verge of going green for me, but I'm willing to wait a bit longer to decide.
What's up, you didn't have the bottle to get in at 6.5p or whatever it hit and feeling jealous?
Look, I don't trust this management either, but they make much of a supportive backer.
Basically the reward seriously outweighs the risk here, for me anyway, although I've mitigated it over the last few months with my trading shares, the last of which, I've sold the 6.7p ones for an average of 9p.
I've still got my sizeable core holding at sub 10p and Cannacord's target is 18p, which I feel should be easy to attain. I think this was up 19% early on today on the back of next to nothing really.
One stonking RNS and this is going past 20p, no danger.
Of course, if on the off chance a placing does happen, I'll be buying them at rock bottom again :-)
Why you should pay when terms were signed. I can imagine that maybe moving forward terms a slightly as max . You have to see the full contract length and not initial start costs only
Best guess - letting new investors in as conference is now before SP rocks
Assume a payment is being made by HUM. Otherwise their walkout would have achieved nothing. With $11 million in cash and gold and Corica ask much higher, one has to wonder if a raise is coming. Perhaps not and Corica/Coris are allowing deffered payment. I don't trust this management team though. I am surprised other people do, judging from the SP rise.
I asked the company and they stated the have no current plans for share placement. This was confirmed by the investor relations team.
They could neither confirm or deny that Corica are back to work following social media reports but stated " We will provide updates through official channels when significant developments occur in this matter."
So from that, in my opinion, we will be due an official back to work notification when the T's are crossed and the I's are dotted.
I am very relaxed as we know a lot is ramping up from LinkedIn posts/social media, costs are more than being covered by current production. Kouroussa is ramping up and soon to be commercial, we can see people and big kit back at site, we know they have done a couple of blasts.
A nice steady SP rise would be brilliant.
GLA
I can't see any mention of Corica being back to work in the RNS. The LinkedIn stuff looks convincing, so why isn't it mentioned in the RNS?! Also, no mention of what has been agreed with Coris bank because they are almost certainly not going to meet their debt obligations. If Corica are coming back then one would
Sad when people missed the 8P entry a week ago. Clearly is not a placement, we are back on track. 7M ebidta in Q1 and Gold price is 200$ average higher in Q2 as well Yan alone will see over 20K oz this quarter aligned with the 80-85k oz target. So we see likely alone with Yan 12-15M ebidta in Q2
My take is that this is all smoke and mirrors. As a previous poster noted, this may be the prelude to a placement.
Well make your mind up Mostyn, on your previous post you say a few blasts away.
No, the blasting has got them into the high grade stuff now and they're able to get the commercial quantities going. Thats my take, so hopefully they can announce mine commerciality soon.
I thought we were only one blast away from the good stuff when production stopped, how come we are now a few blasts away, as it moved?
From the RNS...
"With contractors ETASI operating in April and processing ore and
stockpiled material, delivering an improved feed grade and multiple
successful gold pours despite a reduced fleet.
▪ The team has started to see higher grades due to mining in the Koekoe
deposit's transitional zone.
▪ Grade control drilling recently completed indicates a shift to high-grade
ore within the next 15m, setting up a solid base for operations.
▪ Once the next few blasts are completed, access to higher-grade ore
essential for commercial production will be enabled."
So we know from LinkedIn that they have done a couple of blasts and we know more people are back working on site. So could we have a Commercially Operational Mine announcement soon?
You need to better inform yourself BridgePort... The new hedge is 60k over the next 12 months with the upper collar at 2350.
100 % of HUM's current production profile is exposed to the full price of gold at current prices.
Wake up man
We don't need any details like that Bpat, all we need is to blindly say this is going to fly and make woosh sounds, pick out random figures like 20p ago and everything will be fine, same as in the past.
Can understand the buying in anticipation but we need to hear details of resolution from the company.
Items to tick off
- resolution reached
- Corica return to work with revised schedule
- updated guidance
- financing situation
We do benefit though. The hedge covers 15k oz per quarter and production is probably above that.
Plus Dugbe isn't hedged, so its NPV goes up as gold goes up
Yes for dugbe is the fact and yan and kou the RUS beings great value
People are talking like Hum is benefiting from the current price of gold despite the hedge
Nice presentation
We have 5M$ spent on RUS for Yan and Kou - as well dugbe we get a RUS. Already 300$ gold price increased from 1700 to 2000 moved the dugbe NPV5 value 500M$ upwards … another 500M$ when we move Gold to 2300.
So undervalued and Kou now back Live … thats soon above 20P
If page 17 is a genuine reflection of the efforts of the Corica mining fleet then its clear their performance has been terrible.
And they are due even at a pro-rata basis probably 10% of their fee if contracted on pay per tonne.
And it suggests that if the fleet can mobilise effectively that this Q2 will be a steady ramp up and that Q3&4 will be bumper processing times.
But this slide is my favourite. Very informative both negatively and positively. And one i think they should be producing for all active ore bodies as a progress snapshot for the period, especially because we have had mining issues.
Im feeling much happier about the near term though. All the NPV's are based on $2000 gold as well. 0.5b NPV Excl Dugbe, BUT if you price Kouroussa at current gold then Yan is excluded as well...
In my opinion there is hope here despite the really honestly terrible issues.
I'm still not sending Dan a christmas card though, he can get bent until he turns this around properly.
ATB Ballio
Top of the Leader Board, Nice!!!!
Booooooooooooooooooooooooooooooooooom!
Great to be back in profit,
Congratulations Guys, looks like a nice rise !
Well done to you all.