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Very interesting site the EWP Lucky. Enjoyed that!
Notably Guinea is 11th as opposed to Mali 24th.... everyone banging on about Mali though. This made me chuckle. However the ratings are just a statistical combination and as such are just 'nerd' data. What actually takes place in any country in the future is for the future to tell us.
I suspect Mali may have fallen rather than risen over the last 12 months.
Anyhow, what you said about other companies SP's rising over the same timeframe as HUM's has fallen ... all operating in Mali, speaks volumes. Risk has ALWAYS been there and exists in most W African territories. It is part of the W African scene simply put. The decline of French and UN involvement in the country is unfortunate but having YAN in the far SW of Mali is of course the best place. Let's hope they can keep running and doing what they were designed to do because Group performance H2 2023 is ging to be much better than H1 and a rise in POG will of course accelerate the numbers.
I just reread the trading update and note the wet weather preparation underway at KOU. Hopefully these along with other management tasks will get us some nice H2 production that makes the 30,000 oz predicted production look conservative.
Then short of any nasty surprises, we have a tasty looking 2024 to get excited about. In the meantime we have August fun and games to enjoy before the inevitable September turnaround... oh what a surprise that will be with some fun posting I'm sure.
You have been posting a lot Lucky, so don't forget to CHILL as require ATB GLATH BH
Indeed
Oooh Paul.... one for the old guard there! Nuggets, veins...I'm sure Adam will be happy to find all!
I think they are going to find the source of that gold!
Well Bushy, I’m happy for nameplate as soon as you like !
So bring it on!
The very very low valuation of ECR makes it extremely susceptible to a significant re-rate on any good news. Anyone who has followed the story here will know what those good news items might be.... This could be one of the easiest BAG's you ever do.....ooops is that a ramp?
I am getting a good feeling here. That's not something I have felt for a while.
Andrew Haythorpe is about to start showing his real skills. GLALTH's
Good to see the chat continuing through the weekend you keen HUM'ers !!
A couple of points. I also read the RNS and considered straight away that the YAN full year guidance was couched slightly to the pessimistic. Under promise, over deliver. FY 90-95 koz
New exploration and underground dev progress to come and add spice.
Dan clearly states KOU nameplate by Q4 2023. He has said this pretty explicitly. Given the above tendency, I would say he is 95% confident of hitting this and avoiding repetition of past criticism. I think we might even get nameplate a bit ealier and I expect he will not be shy of announcing it.
He has also laboured the reduction of debt beginning in 2024 and the ability of the treasury team to manage sales at the best price to maximise earnings.
Finally, price of gold may not be the same as it is now through H2. There are clear expectation of POG crossing $2000 and this will do no harm to earning ;-)
So all looking pretty strong! GLA
Notrex, whatever you were trying to do before you are now undermining…. If that’s possible.
You are now just posting utter nonsense. Just so you are aware. Hope this helps….
Seriously notrex?
I think Wolf's Gap will be bridged soon....all depends whether you want to get in before the 'September rush'... back to skool...
Don’t you mean 60p….
$2200 gold
I see we are having fun.... this 'opportunity' will not last forever.... don't say you didn't have the chance to buy low.....
Is Craig still CEO Oiland?
Well you cannot expect news every day!
As you say, given the past performance it would be reasonable to expect a pull back during a period of no announcements….. but this will be a risky game as ever.
Recent events have shown how quickly the SP will move as soon as there is a good news item. Predicting the timing of these will be more difficult than many expect or calculate. Predicting the consequence of a very good news item will be hard too. The very low M Cap opens the way for big spikes over short timelines and MMs will shut buyers out fast.
So good luck to sellers and consider the potential from here. 2 bags is 1 RNS away.
Bonker... the patience shake is a hard one.... we are at the foot of the big climb at the end of that famous graph..... it will be too much for many as you say!
'Sell on news' brigade.... yawn
This was a good update with as expected numbers which in YAN's case is a big tick given previous issues. Now we need steady progress with both mines in H2.
Lots of eyes on the POG and Fed meeting today etc.... we could easily have $2000 gold next week... or not but Q4, next year..... very likely.
This will make the AISC's at HUM look very nice indeed.
Traders will trade in the meantime.
Note Guvvi posted the NPV for Dugbe at $1700... what is it at $2100......?
Lucky, what BB2 is saying is that a particular phase at Yan has completed and they are commencing reconfiguration of the mine. Notice the mix the ore stocks to make a blend for processing.....
All of this leads to a slightly lower gold content of ore to be processed H2 which will lead to a lower set of quarterly gold production numbers thus pushing up the AISC. Lower production would not imply poor management. It's to do with the relative gold content in different areas of the mine geology.
Next year they will hopefully access new high-grade ore at KE underground.
The higher grade ore at KOU leads to lower AISC and lots of FCF so as the ramp up and achieve good steady production at KOU then they will start to have some serious free cash.... and we hope for a higher gold price.....
Here's a nice clue to what that price might be. Hochschild have hedged 50,000oz of their gold production in Brazil (see their RNS today) for 2025, 2026 and 2027 at $2117, $2167 and $2206 respectively. So we see an expected price of at least $2100 by 2025. Use that for your predicted FCF from KOU in 24/25 and you get some nice numbers.....
be happy BH
As you can see, and disregarding the other 'chaff' threads, portable X-Ray Fluorescence Spectroscopy devices have become very important in mining exploration fieldwork and are particularly suited to some of the elements ECR are looking for at Lolworth.
Given the remote nature of the tenements and their size, the desire to isolate the most promising arears within a larger area of interest is critical if lots of time is not to be wasted in the field and manpower is limited.
I must say that AJ will be loving this. The combination of the stream sediment data and the new rock chip and soil sampling data sets will be right up his street! He is a 'nerd' geologist and not great in interview (apologies Adam). As he burbles and ums and ahs I want to shake him.... but this is because he has a different temperament. A patient one that must 'plough the field' of the tenement and collect the data set, without rushing or a need for a 'hit'.
However, he has the air of a man who has picked up a trail... we will see where it leads....
Clearly Nb, Ta, Au and REE's are all hot hot hot........ Li and Co and PGM's being the other 'sexy-boys'
Go get 'em Floyd
Legal... your 22.50 post yesterday is bang on the money!
Sure thing Angelis. Vlad won't be going so he doesn't get nicked but he will be up for it as a snub to $$$....
Kinda wish he'd travel but then it would get tasty....