Member Info for AimSurfer007

My issue here is the company keeps causing speculation and creating problems where they don't necessarily need to exist if they just communicate better and be more transparent.

Increased ASIC due to increased exploration, constructing roads, preparing new pits, mine plan update etc is fine and would be understood. But provide those details, give a breakdown, highlight what capex is reoccurring what what is 2021 specific.

Instead we get what we got... another top up opportunity:) still think this should easily reach at least 60p. But losing faith in this management. Should already be there. Their lack of complete transparency is why we're still here.

I still firmly believe there is value here.

My issue is management keep creating problems and causing speculation where problems might not even exist.

Changing mine plan and increase in ASIC is acceptable but explain and quantify that clearly not 6 months later. ASIC increasing this year again maybe due to bigger exploration budget, bringing other pits online, etc. That's fine but explain it, provide a breakdown and highly how much of this is impacts this year and let us see implications on future years ASIC.

It's not a difficult problem to resolve. Just can't believe they can't but a better summary together for shareholders to see exactly what they are doing on the ground and what implication that has on ASIC.

It's like they don't have a clue themselves, just add up few receipts at quarter end and see what the ASIC is :)

Current mine plan is 4 years, they can probably increase that easily to 6-7 given exploration results. Value here is clear at current gold price. Wish the CEO learned his lesson from the vague communications last year.

Better communication this year starts with the RNS we just had and unfortunately they failed again to be transparent, you can't increase ASIC like that and not provide breakdown justification. This is still great value but the CEO has no mining experience and it's showing. Better he installs someone who can run a mining operation and take on the chairman role.

V o x m a r k e t s :) I guess lse banned the word :)

Go to ********** .co .uk

https://www.**********.co.uk/

Interview on vox out, a bit rushed. We need Betts on Crux.

On a positive note, Pasofino know what they are doing:
https://youtu.be/LDucke77jvE interview with Crux.

I believe LoM should average 2.66 g/t per their Q3 presentation, this number will change as they move more resources into reserves.

It all comes down to the avg trade g/t that they feed into the plant. Q4 2019 was 2.91g, q4 2020 2.02g. FY 19 was 2.88g, FY 2020 2.41g. if they expect / plan to mine lower ore this year will explain the increased ASIC.

Again nothing wrong but comes to poor communications and managing market expectations. Give market visibility.

Exactly and plenty of resources left to be converted into reserves. I think 8+ year's of mining left is a given, could be few years more with positive drill/exploration results and Cora ore trucked in.

At current market cap the downside is very limited and huge upside imo.

Delay might be the minister needing a new Mercedes and transport delayed impacting delivery :) Not sure they want to RNS that, the joys of mining in Africa.

Joking aside, as long as mine plans and construction arrangements including finance is getting sorted in the background then I'm sure the approval will arrive eventually. The Guinea government won't turn down the extra tax revenues.

Would depend on their next update, could be top up opportunity at 28 or lucky to get anything under 35 :) If all goes to plan and Kouroussa approval included in the update I think we'll be lucky to get quotes under 35p. I wonder if HUM is saving that announcement for the year end update.

Shanta Gold up 6% today on the back of director buy. Their market cap making us look even cheaper now. Very confident this will eventually rerate accordingly.

Low ball 60p buyout offer whilst not ideal, I won't call it negative de-ramping, either way it's an upgrade from the de-ramping we seen in recent months :)

I suspect they will maintain a 5 year rolling mine plan for now. To have a 10 year mine plan they need to convert much more of the existing resources into reserves. I would like to see them better highlight existing resources and what implications that has on future mine plans. But all of this will be subject to change as they do more drilling. Nothing wrong with a 5 year ongoing mine plan approach, it spreads our drilling cost.

Looking good, get quotes to sell in size at 33.2 but can't get a quote to buy £1k.

If the seller is done I expect us to clear 40p very quickly and challenge new highs. 60p next target for me after that. This should easily reach £200m Market Cap with the news flow we all expect in Q1. No pie in the sky just based on fundamentals, price of gold and gold in the ground.

Tipped: https://masterinvestor.co.uk/equities/johns-mining-journal-solgold-and-hummingbird/amp/

I also had interaction with Edward this morning, I'm sure he won't mind me sharing below extract.

"We are planning our 2021 marketing plans and hoping to have a bigger year in terms of roadshows/conferences etc, and hopefully some more face time, one to one investor meetings then this year due to the Corona Virus."

Edward joined Hummingbird this year and is looking after Investor relations, expect to hear a lot more from hummingbird in 2021.