Member Info for Ballio

Throwing off $5m Divi GB?

I think that would be great to see for a few reasons. Combined with a modest buy back maybe $1m buyback.

With the positive outlook in terms of development this could create a much more enticing environment for II's and PI's alike.

Ballio

We seem to have broken that recent downward trend in POG. Set a steady course to success.

Ballio

what bike are you riding ngnlnv?

I have a KTM Duke for commuting on. You know that thing people used to do....

now working from home office, no bike commuting required.

Enjoy your ride chief.

Ballio

definitely. There has been chat on here previously about a happy seasons meal in China Town and beers once we pop the dividend or £ cherry.

All in for that idea!. I am also a motorcyclist and live in Manchester and have shares in HUM. You aren't my investment Tyler Derdan are you ngnlnv???

lets see what NY has up it sleeve today. Yesterday was interesting, but futile imo.

Hoping for no leg down today.

Ballio

Welcome.

ok, the road has had some pot holes in it, but the Hummingbird Wagon rolls on.

Still going well. Long may it continue.

Ballio

NY trying its best to crush gold.

"oh my precious DOLLLLERRRRRRR!!!"

Gold now moving pretty much unchecked.

This is going to get very interesting to see what responses we see to try and manage the price.

ATB Ballio

POP goes the weasel.

Breakout

And against the dollar is in breakout territory again. A few more dollars and its out and back at $1750 imo, hopefully new highs shortly after. $1720 today = breakout but we'll see.

Could be tomorrow.....

BUT, its looks strong.

Looking at hourly gold chart this morning. Gold at a bit of a pivotal position this am. Close to popping up and out of its wedge. If not on this run then next imo.

Who knows where the next run will take us but I'm almost certain it will be higher than 1750. Still hoping to a run on 1800 by June.

I recently bought a chunk of Royal Gold, the royalty company. A good steady portfolio partner to a miner to capitalise on gold price with great risk hedge.

ATB
Ballio

Oil has a very volatile future for the medium term. its very possible as its use case diminishes over time and the global hold on less and less power starts to dwindle, there is a very interesting but volatile road ahead for the black stuff.

I wouldn't be surprised to see more on site storage capacity added to the Mine to smooth out and benefit from price swings to allow miners to pin a more accurate AISC to their production. Otherwise they are gonna be up and down like a yoyo and its goin to look silly each quater. A miner could massively improve its AISC over a neighbour just by buying smart and storing oil now that price volatility is what it is.

Just a thought.

Ballio.

Is everyone forgetting that there is a global pandemic going on and that cash preservation in the short term to deal with unforeseen obstacles in the short term would be a prudent way to run a company.

Dan has said that Mali has been largely unaffected by Covid 19 to date and that operations continue well. This doesn't mean that he can start splashing cash on making you feel better at the potential risk the companies balance sheet over the next 6 months. Cash in hand in 6 months time could prove to be VERY beneficial once others have sunk, suffered etc.

Prevention, mitigation and capitalization is how i view the reluctancy to release funds AT THE MOMENT.

If there were no pandemic i would also be beginning to think the same.

Also, looking at a bit of an inflection point late May for POG. Could be a drop, could be a pop, looking more like a pop given the pressures. Thinking June will be the month for 1800$ post break out of this wedge.

Ballio

next leg up is breaking $1750 before end of week imo.

If we continue to see oil strangle the big "powerful" countries we might see this accelerated and pushed to 1800 by weeks end.

Very very interesting what is happening with oil currently. My personal view and hope is that the oil industry never fully recovers and that this is first nail in the coffin. A lot of over privileged and greedy corporate fat cats in the oil that have had it their way and done alot of damage to the earth for too long.

Rise renewable power, cheap and clean.

Given the global situation im ok with someone being risk averse with my money.

Especially if that person is comfortably making money, dont be silly with it.

I cant see dividends or buy backs in the next 6 months MIN. Cash is what any company currently needs, and sensible operations.

So far this is being achieved. Wouldn't we all like a buy back, a dividend, increased stake in CORA, clarification or updated PEA of Dugbe, greater than 5 year mine life etc. But all of those things at the moment do not steady the bank balance.

Clearing DEBT and focusing on mining and sales is and has to continuously be the key objective here until atleast Net Debt and beyond.

Up and down with HUM, but happy enough or i would have sold out.

Ballio.

Whenever there is QE there should in principle be a gold price lift.... It's a strange old world.

I am shopping this week, not selling

Now knows about URU Metals. I just tweeted him. He has apparently made a suggestion that he might get into Mining in the near term.

Apparently Ford did it along time ago when they undergoing huge growth.

Nothing bad can come from it surely....

ATB Ballio.

Has its day coming. I mean this purely from an economic point of view. I have no issue what do ever with Americans, only with the money show that continues to rage on there. I think the best efforts of DJ Trump and Fed will be found wanting in the next few weeks, by a big amount.

It sure is going to be exciting to watch unwind. Watch for all currencies other than US doing a reversal once gold crushes the dollar and Russia and Saudi Arabia killl oil and gas, there are going to be alot of liquid unwanted dollars flying round.

Interesting times ahead.

Ballio

Not being able to buy is nearly almost always a good thing.

When things are not going well, there always seems to be lots of shares on offer.....

Oddly enough, there rarely seems to be many floating around here......

Hopefully everyone who is in, is stubborn and committed to the end goal of realizing the inherent value in the ground.

Although keeping a real grip on the concept of time and fairness is a testing position to find yourself in for many years with URU.....

Ballio