Member Info for aprogerson

I think the Dugbe 'monster' is now letting out a low growl just to let us know it is there!
ATB APR

WOW ... very nice 1Moz upgrade to MRE and report clearly indicating more to come ... substantially more looking at the opportunities to optimise existing model and extend planned pitshells into additional mineralisation down strike.
DFS target by end Q2 2022 !
ATB APR

@Tricky Yes at lot going on ... my take across multiple RNSs is:
> Picasso Lithium = extensive shallow pegmatites indicated. No sampling/assays to verify extent/grade (RNS 22-Nov-21)
> Litchfield Lithium = awaiting over 650 surface sample assays & expected in 2-3 weeks (RNS 22-Nov-21)
> Zambia, Luanshya Project = up to 14x targets from IP survey - drill campaign targeting underway (RNS 9-Nov-21)
> Zambia, Mkushi Project = IP survey underway (RNS 9-Nov-21)
> Mt Isa, Big One = drilling indicated unlikely to be economic standalone, but investigating satellite targets (various RNS)
> Mt Isa, Arya = drilling underway with 3x holes complete and awaiting assays. Drilling continues across 3 shallow/deep targets to end Nov-21 with new targets being formulated & drilling in New Year (RNS 17-Nov-21)
> Broken Hill = await news on IPO & spinout of BHA NewCo (RNS 5-Aug-21)
> Cangai Copper - zip !
ATB APR

@cheerful Agreed I have always found it strange that they don't make more of it with timeline, scale and so on? For growth is what I like about HUM and why I've stayed TBH ... as I've always said HUM is a late stage explorer/developer with a profitable gold mine attached throwing off cash to pay for the exploration ... what is not to like for a £60/65m MCap with future assets valued at £zip and current mine LOM being extended from FCF?
ATB APR

@bonker Wow that is a sobering statistic, implies more and higher inflation coming down the pipe!

@swampy Strange yes, but Daily POG is all over the place the last few sessions, but on the Weeklies is looking more like a clean-cut bull flag in the making. We shall see

I notice GGP is having a Black Friday sale this morning following a surprise fund raise.
ATB APR

Investor Chronicle's view speaks volumes with HUM sat on P/book of 0.5 looks very cheap given outlook and growth prospects which will drive the 'Book' part of that up significantly so looking forward makes HUM very cheap indeed.
"Polymetal’s (POLY) forward price/book ratio is 3.3, although this is also well below its peak last year of over 4.5 times, while silver miner Fresnillo is at 2.4 times, down from 3.6 times. Hochschild Mining (HOC) is at a similar level to Barrick on this metric. Single-asset operators such as Centamin (CEY) and Hummingbird Resources (HUM) could be among those targeted in the next stage of consolidation – both trade cheaply, at 1.2 times and 0.5 times book value, respectively, but each one experienced production difficulties right as gold was soaring last year. "

TheMarketEar.com (TME/ZeroHedge) just released an article entitled "Gold's huge break out"

Gold broke out of the huge triangle like formation that has been in the making for a long time. Time for a technical thread. The first obvious observation is that the shiny metal is well above the negative trend line and that the 200 day moving average is not sloping downwards anymore. The short term move has of course been powerful and gold is now somewhat overbought, but the price action in the recent squeeze is nevertheless interesting. First support we have down at the 1830 level.

Interesting counter-intuitive combo of strong rising Dollar (DXY) and strong rising POG ...suggests all is not well with rush to safe reserve currency and some cash/insurance just in case
... which way for POG now or just resting before next leg up?
ATB APR

@pommefrite I'm with you there but was lucky enough to average down to 3.07p.

Fingers crossed we can do a 'Double' with good Arya Copper AND 'NewPlay' Lithium results!
ATB APR

@bonker Is it my imagine that we have broken down trend from Aug-20 on the weekly close but need POG circa $1,865 or above to break it on the monthly close?
ATB APR

... and back to where we started the day with POG at $1,864
ATB APR

@JC Let's hope so
ATB APR

It's also 'Recommendation' season for the big funds and if they are not advising at least a 5% allocation to gold/silver or the miners I'm sure that their investors will be asking especially as Bonds are likely to become highly toxic as inflation continues to rip.
ATB APR

So a weekly close at $1864 and now hovering between $1856 and $1867 so far today. Should be an interesting few days especially if this level holds and becomes support going forward.

Surely the POG bears must have had enough by now, don't they read the news ... 6%+ inflation or 12%+ if you use the CPI calculations from the last time we had anything resembling inflation?
ATB APR

If I had a vote mine would be that MM gets absolutely nothing as he is 100% untrustworthy so why reward his less than dignified actions taht have cost ARCM both money and possibly lost 'opportunity' cost to defend. Giving him the plant and associated revenue stream would be unutterable madness .... the free cashflow alone is potentially huge and would fund future exploration avoiding dilution going forward so would be a HUGE loss to ARCM.
ATB APR

@news Yes because they know what is very likely in the CCZ projects but for a fraction of the MCap so IF they can prove up the multiplier is much better at $52m than investing same money in a $600m MCap any day. Also CCZ gains from other majors infrastructure which will be 2+ years ahead in development terms ... it is a Win-Win for everyone as their infrastructure useful life gets extended. Just look at NCMs Telfer and GGPs hookup.
ATB APR

@Loot Arya was always the main event for me, but I must admit having options on Aussie Lithium projects especially given their proximity to existing Lithium plays will be very exciting if their DD plays out as I suspect.
ATB APR

POG up $100 over last 8 sessions ... I suspect it may take a well-earned rest today as daily RSI is overbought.
ATB APR

POG almost exactly $100 up from the intra-day low 8 days ago on 3-Nov and HUM SP has gone from 15.8p intra-day low to 16.75p today. So nowhere really ... Go figure !
ATB APR