Member Info for aprogerson

@Wraith Nice timing now £125m MCap junior producer with all 3 licences under exploration and or build-out to new mine. Really solid strategy from Dan Betts and will be driven entirely from cash generated with next 6 months. HUM is really hitting its stride and managing its risk and deploying its free cashflow really, really well.

@troajan Fantastic article on Pasonfino and Dugbe project ... really detailed and massive potential, huge licence and multiple targets in prolific gold region

Maybe I'll go read through everything again ... maybe I need to be less cautious and more positive!
I'm heavily invested so that speaks for itself

Well MrP if that happens I will be a very happy bunny indeed and no mistake, but from where we are that is a very big IF.
I do agree that the potential is huge, but until we get some more results it stays exactly that ... potential. The point I am trying (badly it seems) to make is that the risk/reward does seem relatively low risk and high reward with huge gearing for a PI as the MCap is so low.

Look I'm as excited as any of you about GWMO, but producing a button of gold from a spoil heap does not make it a Gold Producer! However, that said what I do like about GWMO is they have clear routes to:
> Short term cash from reprocessing historic gold mining spoil heaps and have already upgraded roads to access half of these so far with results awaited on grades from recent grab samples
> £3m (yes I struggle to believe it myself) MCap backed up by proved Cu JORC compliant asset awaiting JV or purchaser
> programme of electro-magnetic surveys across multiple projects to identify further Au / Ag targets
> Programme of drilling on existing targets to identify additional mineralisation
As I think I have said here before IMHO it won't take much of a find or actual spoil heap reprocessing to start in earnest for GWMO SP to move and when it is underpinned by a fully funded 2020 programme plus another £320k of cash from recent warrants being exercised this has been considerably derisked for what seems like a green-field junior explorer actually sat atop a number of historic mines that haven't been looked at properly in a very long time and certainly not with modern tech.
GGP found a small mountain of gold recently under 400m of cover ... I don't expect GWMO will have go go nearly as far to find something and we will just have to wait until we see what the scale might be.

Currently sat to 50% retracement at 19.9p from solid Aug-20 support at 12p to recent high at 27.8p. Price seems to be see-sawing above and below this point so hopefully 19.9p now acts as support going forward so some consolidation would be welcome rather than a return to the wild price action of the last week or so.

What I really like about HUM is not only is it producing gold and has a revenue stream but with a P/E ratio of 5.6 is hardly overvalued especially for a gold miner where P/E 20+ is the norm. Yes it has debt, but it is profitable and is paying the debt down fast.
Just read the RNS on the Interim results from 26-Aug-20 if you are in any doubt. A producing mine with expansion underway, a new mine being developed and a new project just purchased and due to pay down its debt ... nice!

My big attraction is the exploration potential especially when HUM doesn't have to pay for it in hard cash and gets to keep a 51% interest once the DFS is done and will doubtless form a JV with done.

I can see gold might pull back another $100 but all the way down to $1300 with governments suppressing Interest rates and massive amounts of fiat currency being printed by every government seems far fetched in my view. Negative interest rates now far more likely which is good for gold as is high inflation which is which now seems a nailed on certainty for most major economies.
As always the trick is what time frame are you talking about?

Are we surprised after todays see-saw

GGP being traded +/10% for the last 4 days with PIs getting reamed of their shares ... very ugly. Thankfully GWMO is relatively calm despite the horrific market backdrop so let's hope it stays that way.

So an employer exercised £49.5k of options and the new shares have already been admitted for trading in recent Block listing RNS. Looks like someone forgot to post their paperwork on time!

I sold half my holding this morning when it hit my sell trigger price, missed the bottom as I was working and bought back in again just now for a £215 overall profit. I'm exhausted.

All my shares & watchlist are down today ... the only blue is an 'Old Dog' I can't seem to delete from my Hotpicks LOL

@EddMAster It's tricky on LSE BBs to share what else you are invested in. You can always pick a posters name and see where else they post and follow to that BB to see what people thoughts are.
However always Do Your Own Research (DYOR) as it's your money you are playing with and this is AIM so a healthy amount of scepticism IMHO is always useful.

HL dummy at 19.3p sell and 19.5p buy vs 18.5p sell and 19.2p buy displayed ... go figure!

What a bounce from 17.6p

Use this gold price weakness as 'aggressive buying opportunity'

https://www.kitco.com/news/2020-09-23/Use-this-gold-price-weakness-as-aggressive-buying-opportunity-says-Goehring-Rozencwajg.html

Use this gold price weakness as 'aggressive buying opportunity'

https://www.kitco.com/news/2020-09-23/Use-this-gold-price-weakness-as-aggressive-buying-opportunity-says-Goehring-Rozencwajg.html

@kadavul, interesting article thanks
APR

@magictrades I agree it looks like the last 3-days of MM tree shakes have really spooked a lot of PIs. Technical Analysis or not I was not expecting a rout this week otherwise I'd have taken a bigger top-slice last Thursday ready to buy back in. Instead I invested it elsewhere.